Profits of web summit firms top €600k

The companies behind the Dublin Web Summit and F.ounders events continue to enjoy rapid growth, with combined accumulated profits increasing by €143,391 to top €600,000.

The idea for the Dublin Web Summit was only dreamt up by Paddy Cosgrave in a Dublin bedroom a little over four years ago, but it is now Europe’s largest technology conference, creating a spin-off of €20m for the economy.

The Dublin Web Summit was first staged in 2010, attracting 500 attendees, but has grown to over 10,000 attendees from 97 countries and 350 speakers.