Here are the 18 technology companies that Branson is backing around the world, according to CrunchBase. Wealthy individuals are constantly on the look out for the next big thing as they look to carry on building their already-impressive personal fortunes.īranson's net worth of $4.9 billion (£3.2 billion) makes him one of the richest men on the planet. Taking shares in fast-growing companies is a pastime for many of the world's richest people, including the founder of the Virgin Group, Sir Richard Branson. NOW WATCH: Clever ways to reuse your old iPod I’ve enjoyed every minute of building a high-growth business at JustPark." "I remain a huge JustPark fan and am looking forward to continuing to support the management team as a board advisor. "Anthony has unrivalled knowledge of parking technology, knows this business inside out, and will be a strong leader for the company moving forward," said Stephany. Stephany maintained that JustPark has a "clear route to profitability" and a "very bright future ahead". We believe we have all the right ingredients in place to continue our mission of taking the pain out of parking in cities for good and look forward to the challenge of making that vision a reality. He added: "I am very excited to be taking the helm at JustPark as the company gets ready for the next phase of growth. Alex will be able to offer invaluable ongoing support to JustPark in his capacity as a board advisor. Under his 3 year leadership as CEO, Alex has helped to grow revenue 10-fold, raised investment from tier 1 venture capitalists, built a truly stellar team from scratch, and pulled off the largest equity crowdfunding for a startup in history. The company today admitted that it is not yet profitable - something it hopes to change in 2016.Įskinazi said: "Alex has made an incredible contribution to the business.
On Monday, Stephany said JustPark has revenues that are now "significantly into seven figures and more than doubling year-on-year." While the idea has been well received, JustPark has been quiet on how much money it has been spending on marketing campaigns and hiring, raising suspicions that it could be spending more than it's taking. Total funding in JustPark stands at more than $5.7 million (£3.75 million). Over the last few years, the company (formerly ) has received investment from multiple sources, including BMW i Ventures, a CrowdCube crowdfunding campaign and traditional venture capitalists like Index Ventures. Referring to the layoffs, JustPark today said it has "restructured the organisation to prepare the firm for the next phase of growth."
Stephany denied the number was this high, claiming it was more like 10. But a source told Business Insider on Monday that around 20 people were being made redundant. JustPark currently employs 44 people, according to LinkedIn.
ROUGH DRAFT VENTURES FORBES UNDER 30 PETER BOYCE DRIVERS
The company, one of the hottest startups in London according to Wired, said Eskinazi will now be tasked with overseeing the refocusing of the business around JustPark’s core pre-book parking service, which gives drivers instant access to a network of over 180,000 parking spaces across the UK. Stephany will continue to advise the JustPark board. "Since such a search will be very time-consuming it wouldn't have been fair on the team to have conducted it while still CEO of JustPark." "I'll be making a rigorous search in the coming months with a view to finding a new challenge at a transformative tech business solving a big and complex problem," he said. Stephany told Business Insider that it was "absolutely his decision" to leave, adding that he's looking to move to the US to gain experience at an American tech company. He will be replaced by Anthony Eskinazi who founded the company in 2006. JustPark CEO Alex Stephany, a well-known face in the London startup scene, is departing after three years in charge. The CEO of a London startup that allows people to rent out their driveways is leaving the business just two days after Business Insider reported it had axed a bunch of employees from its marketing team.
0 kommentar(er)
