Entrepreneurial tough attack: Repeated kisses failed by 45-bit VC serial refused

Source: Internet
Author: User
Keywords Entrepreneurial serial tough guy
Translator Note: One has been 45 times by investors shut out of the entrepreneur, and finally ushered in the cause of success. This is a short and compact inspirational story dedicated to all the entrepreneurs who are on the road to protect their inner dreams ... Nick Hogerford (Nick Hungerford), a man repeatedly kissed by the goddess of failure, is a man who has repeatedly been kissed by a failed goddess. In 2010, the 34-year-old British man, in order to create internet banking services, in Silicon Valley in California to attend the meeting again and again, to try to make his entrepreneurial career to obtain a substantial investment money. He met 45 investors, 45 of whom gave the answer. He said in an interview: "This feeling is so painful." I think the opinions they give are quite subjective. Some investors say they like my idea, but I don't think I can make it happen; others don't like my business thinking, and some people simply and rudely say they don't like me. I had a dream of being an entrepreneur, but the dream came in and found it was the most brutal and terrifying reality. The experience was very cruel to me. I also kept asking myself exactly what went wrong. "That time Hogeford, just next to Stanford University, completed a master's degree in business management, staying at a friend's home, working in the garage." It was the fall of 2010, and Hogeford had no money, and by swiping his credit card he managed to scrape by. Later, he set himself a deadline. If he had not yet invested at the end of December, he would have been honest to withdraw from Silicon Valley, looking for a secure job to start a white-collar life for ordinary people. After that, Hogg met the 46th investor in his life, the man named Tim Dhalapu (Tim Draper). If it wasn't for the tech circle, Mr. Delap, who was an early investor in Hotmail and Skype, was estimated to be around 1 billion dollars. After listening to Hogeford's entrepreneurial ideas and business plans, Mr Delap gave "yes" the answer without hesitation, agreeing to invest in a young man who had been rejected 45 times. Soon, thanks to Mr Delap's endorsement, another investor joined in. At that time, Hogeford feel that they have finally been recognized! With tens of millions of dollars behind him, he doesn't even need to advertise, the talent has been coming. In early 2011, he decided to return to London and set up a nutmeg company in London. Nutmeg is essentially a wealth management company. The customer takes out the money, and it invests the money in various fields, from equities to real estate, from bonds to cash. Although we all know that there are tens of thousands of companies in the world of financial management, but the difference is that it nutmeg business directly to the Internet. In the traditional sense, in a world financial centre like London, there is always a big bankThe investment manager keeps making calls to customers, or the company sends a written notice to the client every six months, reporting the current financial progress. Now, all the inconvenience can be dispensed with. You only need to log on to Nutmeg's website and you can see what kind of portfolio you have under this money, and what the current state of each investment detail is. Because of his unique online banking model, he should also have rented a fairly inexpensive office in south London, where Nutmeg's general operating expenses are much lower than those of large, traditional rivals. It is also because of the low cost of the advantages, he also has the courage to charge the company to the members of the annual fee reduced to 0.3%, while the general industry average is 1.37%. At the same time, people's investment threshold is only 1000 pounds, while the lowest threshold for other large financial firms is 500,000 pounds. "We are spreading wealth through the internet," says Nick Hogeford. In the past, the industry is only open to the rich, we want to let the investment behavior spread to the public, so that more people enjoy the benefits of financial management. "After two years of preparation, nutmeg in January 2013 has been officially online, market-oriented sales of their own financial products. It now has 35,000 customers and one of the fastest-growing financial companies in the UK. No wonder at least 6 companies are imitating Nutmeg's business model, and some of these big banks are hoping to learn more from them. Hogeford: "Senior managers at major banks in the UK have come to visit us to find out what we are doing and to inquire about our plans for the next step." But at the same time, there are some super monopoly investment management companies do not want to emulate our model, because they are too strong, earn too much, simply do not see the model we earn a little bit of money. "Where did he come from?" Hogeford was born in Bristol, West of England (Britol), whose father was a priest and the mother was a nurse. He was influenced by his grandmother to embark on the financial path. After finishing economics at Exeter University, he travelled to London, where he worked at the investment bank Barclays and Brewin Dolphin, who had been working in the two companies for 7 years. He would have been able to work in the city for a lifetime, but he knew that if he chose such a path that most people would walk, he might not be able to realize his meaning in life. He decided to create his own company. Hogeford resolutely quit his company and went to Stanford University, where his business ideas about nutmeg began to evolve. The meaning of nutmeg Hogeford: "We used to have 519 names in 6 months." Eventually we chose nutmeg. I know nutmeg used to be the world's most expensiveOne of the heavy spices, even between nations, has fought for it. Of course now everyone can get it. From history to the present evolution process, it is just a good metaphor of our financial services launched. At present, the main business of nutmeg is concentrated in the UK market. In the future, waiting for the time is ripe, mainly when the American law allows the online investment business to start legally, we will drive the business to the United States. I think I have the blood of an entrepreneur. With this impulse, I volunteered to go to business school to learn how the business works and how business grows. I secretly told myself that I must be the kind of person I want to be. "Now Mr. Hogeford said this words, the eyes flashing light, perhaps at this time he had eaten so many times in the cold, had been so many people laughed at, despised." But how about that? Isn't this the kind of landscape that entrepreneurs have to walk on the road that few people take?
Related Article

Contact Us

The content source of this page is from Internet, which doesn't represent Alibaba Cloud's opinion; products and services mentioned on that page don't have any relationship with Alibaba Cloud. If the content of the page makes you feel confusing, please write us an email, we will handle the problem within 5 days after receiving your email.

If you find any instances of plagiarism from the community, please send an email to: info-contact@alibabacloud.com and provide relevant evidence. A staff member will contact you within 5 working days.

A Free Trial That Lets You Build Big!

Start building with 50+ products and up to 12 months usage for Elastic Compute Service

  • Sales Support

    1 on 1 presale consultation

  • After-Sales Support

    24/7 Technical Support 6 Free Tickets per Quarter Faster Response

  • Alibaba Cloud offers highly flexible support services tailored to meet your exact needs.