David Spencer-Percival was named Smith & Williamson Entrepreneur of the Year at the National Business Awards last year. He has a background in fashion but found his success in recruitment.
He teamed up with Sir Peter Ogden in 2010 to co-found Spencer Ogden. From offices in London and Aberdeen they began helping clients from all sectors of the energy industry find talented mid-senior level staff. They now have 12 offices worldwide. Their global view and cross sector approach meant that they could find the best talent, wherever it was. This large scale thinking paid off as the business has grown incredibly fast in the mere four years it has been running.
As an entrepreneurship strategy, it goes to show what recognising your own expertise can do. David previously co-founded recruitment company Huntress, experience of which has no doubt added to his success. Spencer Ogden has been recognised at the highest level, it recently won at The Queen’s Awards in the International Trade category. David is naturally confident and says that it is this lack of fear that helped him succeed. He followed his instinct to be an entrepreneur and was willing to take the risks to see it through.
David and three other experts offer their entrepreneurship strategy advice.
This is a guest post. These videos are kindly provided by our strategic partner yBC.tv, and first appeared on Inside Finance TV.
Vicky Brock & Sally Goodsell
The evening of the first day of the UKBAA Investment Summit kicked off with a bang with the black tie gala dinner and awards event with a champagne reception hosted by Asset Match.
Awards were nominated from a range of businesses, investors and intermediaries. All eight of Angels Den’s entries were shortlisted with Clear Returns going on to win the award for Best Women-Led Investment of the Year, selected by a leading panel of industry experts. Having already won an award earlier in the year for Innovator of the Year, Clear Returns’ CEO, Vicky Brock, was exuberant.
Vicky Brock, CEO of Clear Returns said: “I was delighted to win the award and I’m so glad that we are seeing more women entrepreneurs in technology based businesses. Angels Den was a great support in helping me raise the finance I needed”.
Clear Returns, a Glasgow-based technology company that helps retailers cut the cost of online returns through predictive analytics software, raised £160k through Angels Den last month.
CEO and Founder of Angels Den, Bill Morrow, said: “We were really pleased to see that all of our entries to the UKBAA Awards were shortlisted and it’s fantastic that Clear Returns have won yet another award”.
Angels Den’s Sally Goodsell was in attendance on the night and said: “The quality of the entries shortlisted and competition this year was just amazing, it must have been a real challenge for the judges to pick just one winner from each category. It was a proud moment when Clear Returns, who found funding through Angels Den, received their award”.
Tonight sees one of the biggest nights in the investment world, with the UK Business Angels Association hosting their annual awards dinner. What makes tonight extra special is that two of Scotland’s hottest start-ups, Beer52 and Flavourly are vying for the same award having raised investment earlier in the year from a combination of traditional angel investors and the latest trend in the investment world, crowdfunding. The award for Best Equity Crowdfunded and Angel Deal, celebrates businesses that have successfully raised investment from Dragons Den style investors at the same time as using the online mechanism of a crowdfunding platform, in this case, Angels Den.
According to Ryan O’Rorke, the founder of food business Flavourly, ‘The money has helped us achieve rapid business growth that is now self sustainable and we have created more jobs along the way. The power of having such a large pool of highly connected investors is invaluable.’
However, tonight O’Rorke is up against close friend James Brown, the founder of the UK’s largest and fastest growing craft beer club, Beer52. James was recently included in the Forbes top 6 UK young entrepreneurs to watch.
Both entrepreneurs pitched to investors on Angels Den’s crowdfunding platform and went on to raise over £100k each in a matter of weeks. Brown is also a big fan of crowdfunding because it ‘provides our fans with the chance to become part of our story and join us on our craft beer adventure’. What made Beer52’s pitch even tastier was they offered investors free beer if they came on board.
The combination of Angel Investment and Crowdfunding, also known as Angel Crowdfunding is certainly a hot topic in the investment world. Many in the sector see it as the future of funding start-ups businesses because of the invaluable combination of having experienced business investors on board but doing so through the click of a button online. Although both Beer52 and Flavourly will both have their fingers crossed tonight, it seems pretty clear that both founders already feel like winners.
Find out more about how Angels Den can help you get funded here.
We were excited to once again be the biggest feature at The Business Show at London’s ExCeL last week. If you weren’t there, you should have been! We held funding clinics on our stand and spent both days meeting hundreds of entrepreneurs and hearing all about a wide variety of businesses at varying stages. Over the two days we had 370 serious applications for funding, which is keeping us busy this week! We’re looking forward to seeing some of those businesses go on to pitch at one of our events and feature on our crowdfunding platform.
We also held a series of talks, lectures and our ever-popular live pitches at the Angels Den theatre. The live pitch applications flooded in as always in the lead up to the show, with eager entrepreneurs wishing to pitch in front of a panel of our investors and a live audience, all hoping to win funding for their business, as well as another chance to pitch for free at one of SpeedFunding events.
After the difficult decision of who was going to have the chance pitch was made, the 16 nervous entrepreneurs were ready to impress. All the businesses pitched very well, with two of the pitches currently following up with investors and looking very likely to get the funding they required.
We’re looking forward to returning to The Business Show at Olympia later in the year.
Angels Den has become the first angel investment platform to join a new funding portal aimed at supporting SMEs turned down by the banks.
The alternativebusinessfunding.co.uk portal, which brings market-leading alternative financers together for the first time under one umbrella, launched with a flourish just six weeks ago.
Angels Den joins the portal just as the consultation period into whether or not the government should legislate to help match SMEs that have been rejected for loans with alternative finance providers who are looking to offer finance.
The consultation has been hailed as an important watershed for businesses looking for finance.
Our Founder & CEO Bill Morrow has said he “feels sorry” for the banks, but suggests that but the real losers are the companies who don’t know any different but to go to the banks.
SMEs looking for non-bank funding will now be able to access an angel investment option, as well as an additional crowdfunding platform, via Angels Den. The existing participants already cover 85% of the alternative business funding market* and the addition of Angels Den now broadens the range of funding options on offer through the portal. Thousands have already used the free and simple funding traffic-light system to find an appropriate solution.
Bill Morrow said, “We are delighted to join the portal. It’s already been a great success and Angels Den will provide another option for SMEs that have been excluded or rejected from traditional bank funding.”
Adam Tavener, Chairman of pensionledfunding.com, said: “We are delighted to have Angels Den on board at such a critical time for the non-bank funding sector. With our submission to the Government consultation on bank referrals we are hoping for a positive outcome to support SMEs finding a simple and easy solution to accessing non-bank funding, especially without paying for advice, through our portal”.
*Altfinnews market share