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Embracing Entrepreneurship: The Journey of a Change Agent and Crowdfunding Insights

Join Darren Westlake at the Change Agents Conference as he shares his entrepreneurial journey, starting his first company at 26 and successfully exiting twice before launching Crowdcube. Discover the ins and outs of crowdfunding, a powerful tool for entrepreneurs seeking accessible funding and for investors eager to support high-potential businesses. Explore real success stories and learn why traditional routes may not always be the best option. Darren’s rollercoaster experience emphasizes taking control of your destiny and the thrilling yet challenging nature of entrepreneurship.

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Embracing Entrepreneurship: The Journey of a Change Agent and Crowdfunding Insights

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Presentation Transcript

  1. Darren Westlake Change Agents Conference

  2. My entrepreneur life • Started first company at 26 • ‘Exited’ 5 years later with many lessons learnt • Started new company stronger from previous experiences • ‘Exited’ 5 years later • Went corporate • 2 months later……regretted going corporate • 3 years later took the leap of faith and started new company - Crowdcube

  3. Crowdcube and Crowdfunding What is Crowdcube? • Crowdcube provides a web-based central hub for entrepreneurs to meet micro-investors. It uses the power of Crowdfunding to provide a unique service to two types of people: • for entrepreneurs to source funding more accessibly than conventional routes • for smaller investors to have the opportunity to invest in exciting high-potential businesses “$100 invested in Microsoft at their IPO would now be worth approximately $35k.”

  4. Crowdfunding Crowdfunding • Crowdfunding is an approach to raising the capital required for a new project or enterprise by appealing to large numbers of ordinary people for small donations • Social Media • Crowdfundingexamples • Kiva.org - $212m funding raised, >800,000 lenders, ~500,000 entrepreneurs • Kickstarter.com – 7,496 projects funded, $27m pledged in 2010, runrate $7m/mth

  5. How it works

  6. How it works

  7. How it works

  8. Successes

  9. Successes

  10. Points to consider • Not for the faint hearted • Rollercoaster ride • Don’t always make any money • Thrilling • In control of your destiny • Full benefit from what you put in Screw it, just do it!

  11. Thanks www.crowdcube.com

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