Teenpreneurs - Inspiring Entrepreneurs
I have finally found time to catch up on the events I attended during the hectic Enterprise Week 12-18 November.
The Teenpreneurs event was fantastic with Fraser Doherty, founder of Superjam, Emily Cummins, inventor of the solar-powered refrigerator, Ben Way, serial entrepreneur and founder of The Rainmaker, Wilson Chowdhry, CEO of AA Security.
The most memorable story was from Ben Way who recounted the time when venture capitalists knocked on his door wanted to know how much money he wanted to start a web shopping comparison site. His mind racing but with a cool demeanour he asked for Â£25 million. The investors said that was the amount they had to offer, so the deal was done. Even more remarkable was that Ben was 17 years old at the time. However with the bursting of the dot com bubble of the late 90â€™s he ended up with nothing. On the same day he appeared in the Sunday Times Rich List under Robbie Williams he could not afford to buy a tube ticket.
The most impressive speaker was Fraser Doherty who had begun experimenting with business ideas from a young age. By 14 he had persuaded his Gran to share her jam secrets with him and soon started making it himself. He is now 18 years old but came across as the most mature person in the building that evening.
He described some of the ups and downs of his business progress, including having to go right back to the drawing board after Waitrose rejected his initial brand and packaging.
Fraser has a blog to enable us to follow his remarkable career.