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