Category Archives: Entrepreneurs

‘A big shock’: the Israeli startup helping ultra-Orthodox Jews enter world of hi-tech work

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Entrepreneurs want Haredi men, many of whom live in poverty, to have access to the opportunities of Tel Aviv

Entering Bnei Brak, an ultra-Orthodox neighbourhood just a few kilometres away from the gleaming towers that testify to Tel Aviv’s prowess as a global hi-tech hub, feels like stepping into a different world.

Despite the startups and advanced technology initiatives on their doorstep, much of Israel’s ultra-Orthodox, or Haredi, population still shuns modern inventions such as television and smartphones, which are viewed as a threat to their way of life.

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‘One step at a time’: entrepreneur buys stairwell in London to help startups

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Simon Squibb plans to provide small businesses with rent-free space after bidding £25,000 for disused stairs

An entrepreneur who woke up homeless in a stairwell at the age of 15 with his first business idea has spent £25,000 on a disused stairwell to provide a rent-free space in London for small businesses to fulfil their dreams.

Simon Squibb, who retired at 40 after selling Fluid, his marketing agency, to PricewaterhouseCoopers, hopes the stairwell in Twickenham, south-west London, will provide a showcase for owners of small businesses.

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Dutch to investigate business trio’s €100m face mask deal

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Scrutiny of government procedures after ‘not-for-profit’ PPE contract led to ‘€20m enrichment’

The Dutch government has promised an independent investigation into a supposedly not-for-profit €100m (£86m) deal to buy face masks from China last year that ended up making three young entrepreneurs about €20m richer.

The investigative website Follow the Money (FTM) revealed that Sywert van Lienden, 30, a former civil servant turned TV pundit and activist, who co-wrote the manifesto of the Christian Democrat (CDA) party (part of the ruling coalition), netted €9.2m.

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From Tipperary to Silicon Valley: how Stripe became vital cog in digital economy

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Brothers Patrick and John Collison’s online payments empire is now valued at $95bn

The latest fundraising round by the digital payments firm Stripe has boosted the net worth of its co-founders, Patrick and John Collison, to about $11.5bn (£8.3bn) each, catapulting them into the top bracket of the world’s millennial billionaires. Not bad for two brothers from the tiny Tipperary village of Dromineer, population: barely 100.

Related: Silicon Valley's Stripe valued at $95bn after fundraising

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Meghan and Stormzy named among most influential black people in UK

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Ismail Ahmed, boss of money transfer firm WorldRemit, tops list of star names and entrepreneurs

The grime artist Stormzy, the Duchess of Sussex and the footballer Raheem Sterling have been named among the most influential black people in Britain.

However, it was the founder of pioneering money transfer firm WorldRemit, Ismail Ahmed, who topped the Powerlist 2020, an annual list of the 100 most powerful people of African, African-Caribbean and African American heritage across Britain.

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Super-rich sabbatical: the boom in luxury long breaks for the 1%

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From shark swims to snow leopard treks, a tailored trip of up to a year is now a must-have

The super-rich are going on sabbatical. It turns out having bucket-loads of money can be stressful, leading some of the world’s richest people to take a break for a month or so, or even a year, to escape the pressure of managing their businesses or personal fortunes.

Tom Barber, the founder of the London-based travel agency Original Travel, said so many super-rich customers had asked his firm to arrange bespoke trips ranging in duration from one to 12 months that his firm was launching a special division dedicated to sabbaticals for the 1%.

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