Nick jenkins moonpig biography sample
Nick Jenkins is a serial bettor and the entrepreneur behind high-mindedness first online personalized greeting greetings card website, Moonpig.com. The sale get through Moonpig.com, just 11 years afterward he founded it, netted Jenkins £45m.
Even in the digital pad, a personal note expressed confine a thoughtfully chosen greetings certificate remains an important way cut into mark a big occasion. On the web card retailer Moonpig.com is a-one big part of the needle why sending paper cards vestige so relevant.
The idea
Jenkins got high-mindedness idea for Moonpig.com while organizing for an MBA at prestige UK’s Cranfield University in 1998. He would buy cards commend send to his friends champion relatives and then Tippex churn out the existing greeting so why not?
could personalize the message.
Jenkins apophthegm that if expanded this notion could leverage the capabilities look up to the Internet to create aspect you couldn’t buy in greatness average card shop. This construct was truly innovative – picture Internet was still in tight infancy and the dotcom boil was yet to burst.
Jenkins examine the Financial Times , “With Moonpig it was having primacy right product at the true time. The right product was my idea, the right day was good luck.”
The launching
He named the business astern his own nickname given take a look at him whilst at school efficient Shropshire, rode out the dotcom bubble and, by 2003, nobleness company was a household label in the UK. In 2004, it launched in Australia. Deter was another three years previously the company would finally comprehend profitable but, by 2007, Moonpig had 90 percent of dignity UK online greeting card business; shipping six million cards annually.
The success
In 2008, it returned aggregate profits of £6.7 million stoppage a turnover of £21 billion – double that of goodness year before. By 2011, ready to react was ranked third by depiction Sunday Times Profit Track Century – a listing of hidden firms with the fastest-growing profits. At that point, online seller Photobox bought Moonpig.com for £120 million, with Jenkins’ 35% misapprehension netting him an estimated £45 million.
Having stepped completely back deseed Moonpig.com, Jenkins began investing ideal charities and smaller start-ups, exceptionally Green Energy Options, Boomf.com, current Sheerluxe.com. In 2014, Jenkins aided Sir Richard Branson to choose the winning start-ups in Society to Rich (now the VOOM competition).
By 2015, he was acceptable to be one of loftiness Dragons on the British Tube series which matches entrepreneurs reap ambitious start-ups, Dragons Den. Wreath first season saw him false six investments worth £842,000 humbling he returned for a in no time at all season in 2016 before at the last moment quitting the show. Jenkins continues to act as an archangel investor and trustee on integrity charity foundation he helped control found. Spears estimates his mesh worth to now stand dig £150 million – much outline which he expects to lack of inhibition to his foundation.
Not bad be thinking of a fortune based on newspaper and good sentiment.