Banks are never keen to lend money to a business that is just an idea. But without money, how to get a great idea off the ground? Together with co-founder Luke Lang, Darren Westlake found a way around that barrier. Watching Dragons’ Den reminded the Crowdcube founder that high net worth individuals have all of the power, and he wished he had enough capital to invest in those start-ups himself.
The penny just dropped: maybe other people were, like himself, at home watching Dragons’ Den and really wanting to help one of those businesses to succeed? If we could all join together to pool smaller amounts of money… This could bypass the need for a few, wealthy individuals to back a venture.
Darren and Luke soon founded Crowdcube, the first crowdfunding website to offer people equity in exchange for their investment.
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