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Coracle - Coracle

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Coracle - Coracle

Success story: Coracle Online


James Tweed pitched for a Sales Manager and a Non-Executive Director at our Autumn 2011 Cambridge and London Pitching for Management events. Hear his story...

 

“In our experience, growing a business relies on a number of factors. Firstly, there has to be a market (we have been trading profitably for 5 years and have used the time to test our products and to develop a platform which we can, hopefully, use to achieve scale)   Secondly you need cash to fund growth!  It seems to be a fact of life that things take twice as long and cost twice as much to achieve. Having a buffer to keep the business afloat is therefore critical.  Raising cash is possible at the moment, but investors want to be clear about why your business will succeed, and that means having the right people in the business....But here's the catch 22 - you can't attract the right people when you're really small, and you can't afford them until you have money in the bank. This is where Pitching for Management is brilliant and is filling a much needed gap in the market. 


We pitched in 2011 in London and Cambridge at Pitching for Management, and used the events as a means of practicing getting our message across, of selling our vision, before doing so in front of potential investors. The atmosphere in the room is more relaxed when you're asking for people's help, rather than their money. We also used the events as a means of finding key people to help boost the team sheet.  


From those events we made some fantastic contacts and have attracted a couple of people to help us on our journey.  We are about to take on one of those in a sales role and we're in regular contact with another who is acting in an unofficial non-executive type role. These additions to the roll call of the Coracle team have been a vital part of securing finance from angel investors.”

 

http://www.coracleonline.com/


 

Coracle - Coracle

"Through Pitching for Management, we found one of our core team in an evening. I can't think of another way this could possibly have happened so swiftly."


Steffan Aquarone, CEO, Droplet

Coracle - Coracle

Coracle - Coracle