Seedrs CEO Jeff Lynn Shares Cab with Reuters (Video)

“Britain is the best place in the world to start a company today”.

Jeff Lynn in CabPart of an ongoing series of London Cab rides, Jeff Lynn, CEO of equity crowdfunding platform Seedrs, shares a ride with Reuters reporter Axel Threlfall where they discuss the platform and process of equity crowdfunding.

Seedrs has been in operation for about a year and a half and has successfully funded around 60 companies with an average deal size of about £75,000.

Jeff Lynn riding in Reuters CabLynn shares that one of the most promising company that has raised capital on the platform is Future AdLabs that has gone on to raise more capital.

Lynn states that Seedrs needs about £25 to £30 million going through the platform for their company to become profitable.  Today they stand around £5 million.

Any why has the traditional finance industry been so slow to innovate?  Watch and find out…

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