Moonpig Founder Nick Jenkins: "We Came Close To Failing Several Times"
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Moonpig Founder Nick Jenkins: "We Came Close To Failing Several Times"
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Nick Jenkins, founder of Moonpig, former Dragons' Den investor, and now a prolific angel investor with over 38 investments to his name, talks to Sir Richard Harpin on the Business Leader Podcast about the lessons he has learned along the way. Jenkins reveals how the business nearly collapsed several times and how a single comment from an investor director (raising the price of a card from £1.99 to £2.99) turned Moonpig from a business on the brink into a survivable, scalable company — and how a bold £50k TV advertising bet snowballed into £1.2 million a month in spend, taking turnover from £3 million to £45 million in three years. Also, how the money on the table in Dragons’ Den is not all real.
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