Professional Documents
Culture Documents
Double
acts
What goes into forming
an invincible duo?
FEATURING
Dishoom
Frame
Amaliah
It’s Nice That
Echo
PLUS: Monzo — Music — Wah Nails — Petrol stations — Interns — Beavertown — Adult gymnastics
E D I TO R ’ S L E T T E R
LEAP
various plates spinning. sole charge often elevate a senior this issue.
@courierpaper The two of us have checked in person in the company to be a The stories of double acts behind
with each other at the top and de facto partner, a co-founder in companies like Dishoom, Echo
Publisher tail of each day. A business-like all but name. and It’s Nice That reveal the huge
Jeff Taylor call first thing; and an evening Being able to share responsibilities variations in founder relationships;
catch up (more cathartic than and gain a different perspective they’re as diverse as the companies
Editor In Chief
anything else). on big decisions undeniably lies themselves.
Soheb Panja
‘How’s things? [Scottish flag, behind this yearning, but it’s as Something often overlooked in
Managing Editor smiley face].’ ‘Surviving. But it’s much about the need for an ally running a company is the need for
Tomas Jivanda sunny [sunglasses face].’ to share the failures, uncertainty, emotional intelligence. It especially
I sent over some PDFs of pages hope and joy. comes to the fore when you
Senior Reporter
in this issue to get comments back. A VC I spoke to explained why consider what’s required to nurture
Amy Lewin
We exchanged a couple more getting a business off the ground the most valuable asset in a young
Reporter messages (office admin, more takes such a huge emotional toll company – the force that exists
Sarah Drumm catharsis) and got back to our on a founder. He believes it’s between the two people driving it.
to-do lists. because of the conflict between I’m certainly looking forward to
Designer
Both of us have been operating the need to project a picture of getting my business partner back.
Simon Kuhn
Subbing
Harriet Fitch Little INSIDE THE ISSUE
Advertising and Commercial
Tommy Seres 05 COURIER INDEX
Life science startups continue to attract VC cash.
WITH CERTAINTY.
Francesco Fiori
Creative Partnerships A N A LY S I S
The power of the ‘direct to consumer’ model.
07
Luis Mendoza
Contact
07 C O V E R S T O RY
NOT FAITH.
[first name]@wearecourier.com
The magic dynamic between business duos.
—
C O V E R S T O RY
Illustration
Jonny Wan
14 C O U R I E R TA L K S
Is the music industry really making money again?
Alessandro Apai
If a cyber-attack takes down your business we Aleksandar Savić
16 LEADER
Photography Personalised services aren’t always a good thing.
provide the expertise and assurance to get you Jasper Clarke
Tomas Jivanda
back up and running, fast. 17 GUEST COMMENT
29
Interns The relationship between interns and startups.
Charlotte Irwin
Specialist small business insurance. Tom Rees
18 P E T RO L STAT I O N
The £92m service station reinventing the model.
—
COURIER LIFE
Advertising and Distribution
francesco@wearecourier.com 19 M O N E T I S AT I O N
A newsletter with cheap flight tips goes freemium.
—
Work with us 21 TUBE ADS
Why startups love advertising on the underground.
jobs@wearecourier.com
J U N /J U L 2017 ISSUE 17
24 P O RT R A I T
Tom Blomfield, Monzo’s CEO and evangelist.
Double
26 D I S PAT C H E S
Is Berlin’s VR scene more creative than London’s?
acts
27
What goes into forming
an invincible duo?
FEATURING
LOWDOWN
Dishoom
Frame
Q&A with WAH nails founder Sharmadean Reid.
34
Amaliah
It’s Nice That
Echo
29 COURIER LIFE
Wild garlic, colourful chairs and working out.
PLUS: Monzo — Music — Wah Nails — Petrol stations — Interns — Beavertown — Adult gymnastics
34 W O R K S PA C E
Behind the barrels at Beavertown Brewery.
W O R K S PA C E
Cover
Illustration: Jonny Wan
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#berlinfashionweek www.fashion-week-berlin.com FEB /MAR A N A LYS I S
Courier index
Snapshot on UK investment deals with data compiled in partnership with Beauhurst. Decoding the rules of
T R AC K E R ‘direct to consumer’
The American retail giant The average consumer
Fundraising hit a recent Investment deals (London) Target recently made a would struggle to say if
360m 160
high in March. Venture £780m offer to buy or why the frames from
Number of deals
fundraising rounds 320m 140 Casper – a four-year-old Sunglass Hut are any
Investment (£)
accounted for the mattress startup. worse than those from
largest increases in value, 280m 120 It could be the £155m Warby Parker.
more than doubling the worth of mattresses which Startups may demand
100
amounts compared to 240m Casper has sold since in good design and materials,
160m
80
60
2016 which prompted the
bid. But Casper isn’t the
only mattress startup
but that’s not what gives
them an edge.
Even the suitcase
going towards seed- making waves. Simba and startups with their USB
stage companies: the 120m 40 Eve are having a similar charging ports and GPS
total amount of funding effect in the UK. tracking are already being
80m 20
at seed stage has fallen Substitute mattresses copied by Samsonite.
by 19% year-on-year. 51 62 38 40 48 81 for watches, suitcases, Instead, simplification
Oct 16 Nov 16 Dec 16 Jan 17 Feb 16 Mar 17 razors and spectacles, is a meaningful product
and a similar pattern difference. Consumers
TOTAL NUMBER OF BIGGEST DEAL can be seen. are either overwhelmed by
£398m 129 £60m A whole range of choice (over 350 mattress
4–7JULY
INVESTMENT DEALS CELL MEDICA consumer startups are types at John Lewis),
attacking sectors by or exhausted by it (the
deploying a startlingly spurious upgrades on
similar methodology. a razor blades).
HI G HL I G HT S Dollar Shave Club and
Warby Parker were among 3. Brand disconnect
This is Bloom and Wild’s fourth round, bringing its total the first to demonstrate Established brands are
Bloom and Wild
raised to date up to £7.2m. The three-year-old flower that it’s possible to prise failing to resonate with
2017
Flowers £3.75m subscription company will put the cash towards its plans
for expansion into Europe.
open the once seemingly
unshakeable strangleholds
young consumers. ‘They’ve
somehow got their brands
of big companies. stuck in a previous era,’
Startups are already says Oliver Bridge from UK
Three venture capital funds put £19.5m into the digital taking chunks of market razor startup Cornerstone,
Monzo bank. It raised a further £2.5m on Crowdcube from over share, attracting young pointing to macho imagery
6,000 investors. The cash will go towards fulfilling the capital shoppers and, most and sponsorships of
Banking £22m requirements demanded by the financial regulator in order potently, threatening gurning sports stars.
to operate as a full-service bank. (See Portrait, p24). to undermine the very Bridge believes honesty
business models that and authenticity have
have upheld the enduring been more important in
S EC TOR : F I N T EC H success of the incumbents. racking up 110,000 razor
Sectors with fat and subscribers in the three
Investors appear undeterred in their backing of UK fintech startups, despite the fears inefficient supply chains years since he launched
that losing so-called ‘passporting’ benefits as a result of leaving the EU will stunt the and out-of-touch brands than any structural factors.
growth of this active sector. are being appraised ‘People are sick of getting
for their disruption- done over and lied to,’
Stand-out raise Funding from Google Ventures will be used to help cross- worthiness. he says.
Currencycloud
4–7JULY
border payments company Currencycloud expand further There are four The watch industry with
£20m
into the US and Asia. The company, which was set up in fascinating dimensions its notions of luxury and
east London in 2012, has recently expanded to New York. to the direct-to-consumer aspiration seems especially
phenomenon. mired in a values chasm
with modern consumers.
1. Slicing through The luxury watch market
S P OT L I G H T distribution was down 10% last year.
Spectacles startups are
GROWTH an example of the potential 4. Over-deliver on service
SEED
that lies in ripping out the Warby Parker said its most
Deals 61 Deals 19 layers of people taking a important metric is its Net
2017
Total £34m Total £182m cut in the supply chain: Promoter Score – a retail
designers, manufacturers, standard used to signal
Biggest deal: ApcinteX £14m Biggest deal: Cell Medica £60m lens makers, brand customer satisfaction.
This startup out of Cambridge University Cell Medica is a company manufacturing licensers, distributors, Startups focused on
is developing a drug for haemophiliac drugs to treat infectious diseases and wholesalers, and retailers. service, with total control
patients. The haemophilia treatment cancer. It was valued at £100m at the Stefan Howle, the of every stage of the
market is estimated to be worth £8bn. time of this raise. founder of suitcase startup customer experience,
Horizn, calls this ‘the are vastly different from
verticalization of trade’. the established players.
For him, this ‘v-commerce’ The challengers talk
VENTURE CROWD model takes the supply about making every
Deals 49 Deals 31 chain efficiency pioneered stage ‘frictionless’ and
Total £183m Total £21.9m by the likes of Ikea and ‘Uber-like’. Being born
Zara, and combines it with from e-commerce gives
Biggest deal: Pulmocide £24m Biggest deal: Elvie £4.6m e-commerce learning from them the ability to do so.
Another life sciences company, Pulmocide Elvie produces a wearable, Bluetooth- Amazon and Asos. Gillette, meanwhile, is at
will be able to invest more into research for enabled pelvic floor exercise device for the mercy of retailers like
treatment for respiratory infections. women. It has motion sensors and is 2. It’s not about product Boots which ultimately
linked to an app. Gillette has spent years control the critical point
researching what it takes of interaction between the
Beauhurst provides data and insight on UK startups and high-growth companies. to make the best razors. product and the customer.
5
COV E R STO RY
TWO IS THE
GOT THE NEXT BIG IDEA? MAGIC NUMBER
WeWork is giving away over $20 million in eight cities
I
n 2009, the Blackberry was so popular it It can be the most The answer appears to lie in whether founders
was being referred to as the Crackberry.
emotionally demanding can successfully grow their business into
to those who are thinking in new ways, building fresh It accounted for half of all smartphones
being sold. It was even credited for relationship in a person’s
something more than the sum of their talents.
Big companies are much less reliant on just
projects, and achieving real change. single-handedly facilitating a political
revolution in the Middle East.
life. It can also be the two people, points out Ondine Smulders, a
pyschotherapist. An established business, with
Earlier this year, it emerged Blackberry’s 50% factor which determines systems in place, can continue to grow even
share of the market had evaporated, down to a
the success or failure of when the bosses disagree. ‘With two or five or
you. And what was hilarious, we both had our Essentially, it’s a meat market
laptop screens open… for coders. Here, people with ideas
(‘hustlers’) hunt for people with
NB: And we’d be on the same Google Doc –
the technical skills to build those
‘He’s chatting nonsense, please don’t even
ideas (‘hackers’). I’m just not
let it subliminally enter your mind…’
convinced that this is the best
SB: Or, ‘Really good idea, love this guy’. And place to catch a coder.
whenever one of us had that gut feeling, we Decent developers are a rare and
both had it. expensive commodity. They rarely
have to apply for jobs, let alone
Were you in-sync even as kids?
attend meetups to hawk their skills
NB: Interestingly, even though Selina’s seven – and many want to do more than
years older than me, I assume the CEO position, simply build somebody else’s idea.
while Selina takes care of the community, So what calibre of developer,
writers, on-boarding, marketing… then, would bother coming along?
There wasn’t even any of the
SB: The mother.
obligatory free booze or pizza.
NB: And I think that stems from our personal ‘You have to kind of separate the
relationship, because even growing up, I was the wheat from the chaff,’ says Rob, a
disciplinarian out of the two of us. And I think startup founder who’s been to this
that has gone into Amaliah as well. event a handful of times and says
he’s lucky if he meets one useful
SB: I was that older sibling like, ‘Oh mum
person each time. There was the
2,500 fashion
something completely
University design blog-turned- different? Yes.’
media business It’s Nice That has
just celebrated its 10th birthday.
A decade in, founders Alex Bec
and Will Hudson say their student
friendship has morphed into
businesses
In the second instalment of our sector-by-sector
3
opinions, but we’re looking to each other for Forget the fashion rulebook Elektro Couture is one of many Berlin-based
you have to have an ego. So there’s always going
answers, because the questions are so big. We’re
to be that friction. Difference is, can you wake It’s a rather unassuming fashion capital. Unlike startups exploiting Germany’s manufacturing
Sai Lakshmi and up the day after you have a fight and come back
so busy with so many things that frankly you’re
Paris or Milan, fashion hubs synonymous with prowess. Its projects include luminescent
glad to have someone to take a decision.
Stephen Bourke into work and say, ‘Fuck it, we’re going to do old-school haute couture and luxury, Berlin’s outfits that react to sound, and vegan-leather
this’? SL: You have a problem, come up with a experimental approach to design is something fabrics. The company has turned to the city
When I saw Sai, I saw someone who was solution, go to the other person, say ‘what do startups are using to their advantage. for artistic direction as well as tech know-how.
Sai Lakshmi and Stephen Bourke tenacious, a guy whose ambition and energy you think?’ Most of the time, you do the logical ‘When you think of fashion in Berlin it’s more ‘Berlin is a place that’s really bridged both
matched my own, and who wanted to get stuff thing, and the logical thing you agree on. or less a white page,’ says Aymeric Malfait, who worlds,’ Malfait explains. ‘When you bring
founded repeat prescription app done. I think that’s the main thing.
How much do you lean on advisers or speak moved from Paris to Berlin earlier this year to [artists and engineers] together, it’s something
Echo, in July 2015 – despite never SL: I had a skill set that Stephen didn’t, and vice to other founders? join fashion-tech company Elektro Couture. ‘In completely new.’
having worked together before. versa. It’s kind of like… The machine needs to Berlin, you can set new standards.’
SL: One of the best people I’ve ever worked with Angela Spieth and Michael Oehler founded Room to scale
turn and we’re the cogs that fit together. But you
A few ego clashes, two investment need to figure it out, it’s kind of like dating.
is our lead investor Ophelia Brown. She’s a their fashion footwear brand Trippen in 1992. The merging of the fashion and tech worlds, the FOR MORE INFO VISIT:
fantastic sounding board. If she comes to the
rounds and several hires later, The Berlin-based company doesn’t replace expats who have moved to Berlin to join them,
Now you’ve got a team of 21 and £1.8m in same conclusion as Stephen and I, that’s three www.fashion-week-berlin.com
its collections every season, keeping styles and the vibrant nightlife where creatives and
they’ve found their roles. funding. What’s different, day-to-day? people aligned going forward.
12 13
CO U R I E R TA L KS
Full stream
labels from early on. Apple sits
outside of this – music is just one
thing Apple does.
music business
everyone’s credit card details,
but in reality it’s very clunky.
Google seems to be held back by
Youtube; it’s difficult for it to build
a credible alternative it can charge
people for.
2016 was recently revealed to have been the best year for the music Spotify continues to lose
money, though.
industry in nearly two decades. At Spiritland in King’s Cross, Courier
talked streaming, live events and brand money with three people BB: Right now they have to pay
out such enormous sums to labels
celebrating the news: Blaise Bellville (Boiler Room), Caius Pawson to get that competitive advantage
(Young Turks) and Tom Mansbridge (Lost Music). over Soundcloud.
It feels we’re getting too good
a deal, like we’re in a period of
experimentation where we’ve got
just such an extraordinary music
Courier: It seems the constant back of labels feeling they have you probably weren't making discovery experience. Maybe that
gloom surrounding the music to be more open with technology. much money before. Where it won’t survive long-term.
industry might be changing They can’t slow it down; they have gets dodgy is when the labels
(see box). Is this a picture you to be part of that future instead of have non-disclosure agreements How have labels responded Left to right: Blaise Bellville, Tom Mansbridge, Caius Pawson, Courier's editor Soheb Panja
recognise? trying to stop it. on the deals they do with the to streaming services?
I don’t think fans ever saw it streaming partners.
Caius Pawson: Streaming this year as the enemy. Technology has CP: We’re here to make music, either learn how to play an record is completely different. BB: Sometimes it’s a dud and
finally overtook downloads – we’re radically changed the relationship TM: It seems the conversation is support artists and amplify their instrument or sing, then you’d My advice to artists would be to you’re just taking the money to
about to hit a golden period of between fans and labels – the fan more around the relationship vision. I’m not in the retail game; have to work out how to record find a great team. It doesn’t have do the thing you want to do, and
recorded music. I'm feeling very has the power now. between the label and the artist I’ve got no interest. Labels will your music before the label could to be a label, but it can be. sometimes you’re smart and the
optimistic about the situation. find you. Now all you need is brand is smart, and you invest it Why 2016 could
Having said that, I got into the
industry 13 years ago, so I’ve
How does money move around
in streaming?
access to [Apple’s music software]
Garage Band.
Let’s look at live music. The
hypothesis is that live used to be
back into something that’s actually
of value. I'd say we’ve probably had mark the year
seen 12 straight years of decline.
CP: It’s similar to how it was Malaysian dubstep brought It means artists are being
exposed to the public at a much
about promotion, and listening
was the product. Now, that’s
about a 50/50 success rate with our
brand partnerships.
streaming
Tom Mansbridge: When you before. But let’s say you sold a CD
to you by British American earlier stage, not as developed been inverted. To what extent saved music
benchmark it, this is the year before for £10, £4 went to the label as they were before. The majors is that true? CP: We’re at an interesting
Tobacco?
of success; we’re seeing the and 20% of that went to the artist; aren't really interested in acts who juncture. Kids aren’t really
consolidation of what technology those are big chunks of money at - C A I U S PAW S O N haven’t developed themselves, so CP: The live industry is much watching TV or reading For the past two decades,
has done to the music industry. the beginning of your career. Now, there’s a space for the indies to bigger than the recorded music magazines, so you’ve got to reach the music industry has
although there’s a long tail, come in and develop acts. industry and has been for a long them in another way. Music has endured sustained decline.
Blaise Bellville: There’s more payments are considerably lower. time. It’s easier to discover always been something young Labels have tried and failed
music being made, more different Labels love Spotify because their rather than between Spotify continue to have a role as long BB: This is an extreme hypothetical, information about artists, and people are interested in. to protect their traditional
types, and a far larger audience for entire catalogue gets revived. All and the labels. Universal have as they’re the main people but if you took back catalogues people’s connection to artists is I don’t think something like sources of income and
each of those types globally than those Steely Dan records that just renegotiated with Spotify, developing and backing new away from labels, they would serve stronger. So there’s more of an Boiler Room would have been pursued legal battles as
there has even been. Someone told Warner Bros have are suddenly and managed to get a good deal artists. I don’t think Apple or very little role beyond providing appetite for live experiences. possible 10 years ago, not just downloads, then streaming,
me MTV had an audience of 80 making far more money than they [where artists can release music Spotify want to get into the market support for musicians to develop. If someone can find a way of in terms of the technology but became the norm for how
million at its peak. Now billions of were before. to premium users first, allowing of developing acts. I think they So the labels doing well, the ones digitising that experience, then because of where brands were people consumed music.
people consume and watch music. But young artists and small them to make more money]. It want to be in the market of taking you’d invest in, would be the ones there’ll be a crash. with spending money. Yet things appear to have
labels depend on that cash does feel like it’s going in a fair acts that are quite well developed being innovative and playing a To be honest, I thought the live turned a corner last year.
To what extent has the industry injection. The majors quite quickly direction, empowering the artists. already and buying them up. But I genuine role in artist development. industry could have died after BB: A lot of the time when we For the first time in 19
resisted new technology? worked out how much money they don't think they want to be down Like Young Turks, with how Boiler Room (see profile). talk about this we’re being really years, the world’s music
were going to make, but small How do the different streaming The Dublin Castle [pub] teaching they position artists and the idealistic. We work with a lot of industry saw its income grow
BB: With the birth of the MP3 it independents fought against it services – Apple Music, Spotify, a band how to play guitar. distribution, you’re a much BB: We always get journalists brands that artists, musicians and in 2016. Sales rose by £850m,
went from being a very controlled, because they rely on the cash flow. Soundcloud and the rest – more bespoke package. asking, has Boiler Room replaced fans wouldn’t touch with a barge 7% year-on-year. Music was
well-distributed, monetised compare? How has the business of running If you took back catalogues away the live experience? But when DJs pole until they’ve been endorsed worth £12.4bn.
ecosystem to falling wildly out Are these economics fair? a label changed in recent times? it would expose the majors’ value talk about why they value Boiler by Boiler Room or a credible artist. Half of that total came
of control. TM: They’ve all built their to artists, which I think seems Room, they’ll always say, ‘I got from streaming; a medium
CP: Every artist has a different businesses in different ways. CP: There’s a growing gulf between fairly minimal. bookings in countries I wasn’t CP: Malaysian dubstep brought to which not that long ago was
TM: Technology was generally deal with their label. If you’re Soundcloud built a huge customer the majors and the indies. Going being booked in at the time’. you by British American Tobacco? considered the mortal enemy
seen as a threat. Streaming is small, you're not going to be base and then started working with back 15, 20 years, if you wanted to CP: There will be some artists who Like Caius said, it’s piquing of the music business.
something that’s come off the making very much money. But the labels. Spotify involved the be a recorded artist you’d have to don’t need labels. But not many. people's interest. Imagine. Seriously though, have Investors in Spotify are
The main reason that people go you seen any real examples of nevertheless still holding
with labels isn’t just the money or From an outsider’s point of terrible collaborations? out for the company to
B L A I S E B E L LV I L L E C A I U S PAW S O N TO M M A N S B R I D G E the fact they’ve got a big catalogue, view, it seems like a lot of turn a profit; the dominant
it’s because you want to build money coming into music at the BB: Mixmag did a partnership with streaming company lost
B O I L E R RO O M YO U N G T U R K S LO ST M U S I C relationships with people who moment is brand money. Is there HSBC last year, where they were £133m in 2015.
might help further your career. a conflict of interest there? sponsoring a golf tournament. Digital downloads
Bellville started broadcasting club nights In 2006, Pawson founded record label Mansbridge co-founded Lost in 2016, after That could mean anything from They had DJs playing with a HSBC meanwhile fell by 20%.
live on the internet in 2010, allowing people Young Turks as an imprint of XL Records. 15 years working at ad agencies for clients artistic development to working TM: Brands have always been banner behind them. On a golf Peer-to-peer file sharing was
to experience a rave in Warsaw in their The label’s big break came in 2007 when like Adidas, Sony and Universal Pictures. on the music, the marketing, the involved in music. Things have course. It was just nonsense. once the music industry's
room. Boiler Room now reaches over 72 it signed The xx – the band went on to sell The app aims to streamline the music promotions. It’s different for each come a long way in terms of bugbear, but MP3 is now
million people a month and broadcasts more than three million copies of their listening experience – from discovery to artist, and according to the stage matching the right type of brand widely assumed to be a
more than 1,000 hours of content a year. first two albums. streaming to booking live event tickets. they're at in their career. What with the right type of artist. This is a condensed and edited moribund format.
established artists need compared If the brand is appropriate version of a conversation that
to what they needed on their first those partnerships can work. took place on 3 May 2017.
14 15
LEADER CO M M E N T
personalisation
this with them from the
We’ve since hired or sales, helps them to
It was a lot better start. As we’ve grown, we’ve
I’m studying Theatre, Film several associates and they do more productive work.
than hopping between increased our offer to a
and Television Studies manage the interns. It’s a
departments each day 2. Social responsibility salary of £1,000 a month,
at Brunel University. As lot better; the interns get to
There’s a moral obligation plus expenses.
part of my degree, we’re Internship vs ownership do more and, in turn, they
Bespoke isn’t
to support interns beyond Then there’s the
encouraged to intern, and I worked intensely are an invaluable support.
just making sure they’ve technical bit: tax. Are you
my most recent placement with Suzanne, helping We focused on three
got enough work to do. going to take on interns
was at Frugl, an events film videos for the key areas to improve our
Have they just moved as contractors, freelancers,
discovery app. website’s relaunch. intern experience.
to London? Do they have or short-term employees?
Even though I was an She had a list of places
always best
1. Set goals accommodation? You need In most cases our interns
intern, I wasn’t treated like she wanted me to film,
What are interns going to have that conversation are contractors, so we
one; it’s something more and let me deal with
to get out of their time with them – you don’t want teach them how to do an
companies should do. everything. When I filmed
with you? Tech City a situation where an intern invoice and what their tax
It’s frustrating to be at the Covent Garden
Ventures is a network of suddenly has to leave obligations are.
seen as a youngster Comedy Club, I arranged
companies, all at different because they don’t have a
who doesn’t have the my own filming permits
growth stages, so our sofa to crash on anymore. George Johnston is founder
experience to get stuck and negotiated with the
interns get a lot of insight A proper welcoming and CEO of Tech City
in. If a company has venue’s management.
into what it takes to run process where you cover Ventures, a startup
selected someone it thinks I’d also go out looking for
a business. these things off, as well as organisation network.
is a good candidate, it shoot locations, and did
should treat them like some photography work
another employee. for the website. It was
‘Y
It will give the intern much more exposure ALEC DUDSON ON THE IMPORTANCE OF PAY
ou liked that, so you’ll probably Founder Nick Popovici wants to sell personal consumer data.
the tools to succeed than you’d get at ITV or
‘Don’t shut out people who
like this’ has become the modern Vita Mojo’s software to other restaurants. The Economist recently billed data as the
after graduating, and the Warner Bros, where you’re
day sales pitch. The films we He says it moves food ‘from mass production most potent commercial commodity in the
company will get more typically one of a crowd
can’t afford to become part
watch, the music we listen to, to mass customisation’. world today; dubbing it the new oil.
out of them as well. of interns who are all on
and the stuff we buy is increasingly funnelled He points to what he believes is a broader Companies, it pointed out, can accrue a
Interns should be week-long placements.
of your project’
through some kind of recommendation filter. shift: ‘The millennial wants customised ‘god’s eye view’ in what is rapidly becoming
paid, too. I come from a I also got to do things
Recommendation of this sort is being things: not a newspaper but their [own] a data-driven economy.
working class background that were outside of my
heralded as the stepping stone to something newsfeed; their own trip, rather than a An early pioneer was Dunnhumby, a
and, fortunately, Brunel role as a videographer, like
much bigger: personalisation. It spans packaged holiday.’ company set up by a west London husband- A stunted economy and and training them up, only professor, used a computer
provides grants for student working on Frugl’s social
everything from suggesting products to letting and-wife team back in pre-internet 1989. breakdown of traditional for them to inevitably leave simulation to show how
interns; I couldn’t have media. I use social media
people design the thing they’re about to buy. Gimmickry The founders extracted vast amounts of
given up two months of in my personal life, but
industries birthed not when they find a pay cheque diversity and productivity
This sweep of personalisation has been a This may well be true, but it’s worth noting information about customers on behalf of only the era of startup, elsewhere, does nothing go hand in hand. He set
my time for free. it was a new experience
buzzy business theme in the last few years. companies have a bad record in trumpeting their clients and were the architects of the but the proliferation of for company morale, two test groups the same
doing it professionally.
It’s not yet clear, however, that personalised ‘structural changes’ in consumer behaviour loyalty card. In one of the couple’s early The right environment unpaid internships. reputation or productivity. series of mathematical
always means better. which later transpire to be fads. meetings with Tesco, which became their I previously did work Staying in touch Taking on unpaid workers Recruiting carefully, problems: one consisting
Lots of startups, in particular, are A lot of Fitbits are certainly collecting dust. biggest client and ultimately bought them experience at a much Suzanne has become like is a tempting strategy. The teaching someone all of highly competent yet
attempting to usher in this new era. On Companies also tend to mistakenly place a out, then Tesco chairman Lord MacLaurin bigger company, the a mentor to me. We’ve idea of someone being so about your business and similar problem solvers;
the surface, it makes sense to personalise remarkable amount of faith in how much said: ‘What scares me about this is that you Polka children’s theatre, stayed in touch since into what you’re doing – or providing the conditions the other with varying
some things. Others less so. thought customers put into the stuff they buy. know more about my customers after three based in Wimbledon. I finished my internship so desperate for experience (financial and otherwise) levels of ability.
As things currently stand, the need for months than I know after 30 years.’ Polka does everything last summer. – that they’re willing for them to grow can While the homogenous
Production to customisation personalisation in most categories (except in house, so I was able to She’s worked for to gift time and skills is produce skilled, loyal and group got stuck at similar
In fashion, Grabble, Trunk Club and Stitch perhaps health) isn’t particularly persuasive. Popularising personalisation experience most aspects Channel 4, Warner Bros particularly seductive for tremendously valuable parts of the problem,
Fix offer punters customised selections of It’s hard to see anything but gimmickry in Today, there’s an entire industry claiming of the business, from and Universal, and businesses starting out or team members who will rise the diverse group found
clothes by filtering their body shape, style and, many of the products being touted as game- that the data-for-bespoke product or service production to set building, working one-on-one with growing apace. to the challenge when the solutions faster by using
of course, previous purchases. Meanwhile, changers: just how much better are they than exchange is a fair one. A retail research but I was only picking up her gave me a lot of insight Along with the pressure company scales. If there’s different approaches. For
Mon Purse, Myswear and Unmade give people the tried and tested shampoos, snacks and company, iVend, put out a report in January little bits of what they into the industry that I to make a company no budget for a full-time businesses, faster and
the chance to contribute to the making part: shoes already on the shelf? this year which claimed ‘18% of UK shoppers were doing. can take away and use in profitable by any means living wage, it’s better to smarter solutions typically
customising the colour or material of bags, In lots of areas, people like buying wanted retailers to leverage online data to As a startup with my studies and hopefully possible, if a few middle- take someone on part-time equate to more revenue.
shoes or jumpers. something because it’s cheap (the scale provide a more tailored in-store experience, just two founders – my future career. She’s class kids work for free and make it possible for Diverse teams are vital for
The cosmetics startup Functions of advantage mass production has makes the while 71% said they would happily share Tikiri Hulugalle and also been able to help me along the way no-one gets them to stick around and achieving sustainability and
Beauty is offering 12 billion unique shampoo case for personalisation hard), or well- their purchasing history with a retailer Suzanne Noble – Frugl find more work through hurt. Right? be part of what you do. growth; taking on unpaid
combinations, while supplement seller VITL designed (deferring to the talent of the if it meant they would receive a more was a totally different her other projects; I Considering how Unpaid internships workers will limit you.
promises to post its customers vitamins that designer). Even recommendation sometimes customised experience’. environment. recently did some filming expensive and difficult stymie diversity, too. To my Don’t create a
are perfectly calibrated to their seemingly falls down; our choices aren’t always so Many companies and analysts are eager Working with the people for her online magazine, good recruitment is, it dismay, the moral argument homogeneous workforce,
unique profile. predictable or algorithmically determined. to push the view that personalisation is the who actually founded Advantages of Age. surprises me that so few for a diverse workforce and don’t shut out people
Vita Mojo does personalised lunches. It future. Yet beyond issues of privacy, the the company and put companies take a long-term doesn’t get through to who can’t afford to become
adjusts ingredients around a person’s weight God’s eye view personalisation industry needs to convince their money, time and Danielle Goff studies view when working with many businesses and the part of your project.
and gender and whether they are looking to In fact, it’s hard not to see the push more of us that there is inherent value in energy into it made me Theatre and Film and new talent, even interns. individuals behind them.
bulk up, lose weight, or train for a triathlon, for personalisation as a Trojan Horse bespoke. So far, it’s offered little more than feel passionate about Television Studies at Bringing an unpaid Scott E. Page, a Alec Dudson is editor of
for example. designed to mine what is often deeply a sticker with your name on a jar of Nutella. the project. Brunel University. intern into the workplace University of Michigan Intern magazine.
16 17
W O R KS H O P
‘DON’T FEED THE FIRE’
Future forecourt
It shouldn’t have been anything The tweet read: ‘#CSIClapton Hackney residents in an attempt
a former petrol station in are for people to pick holes.
of £6m. Over eight million people newsworthy or remarkable. due to events on Lower Clapton to win them over with pleas that
south-east London. [Refer] people who are being
came through its doors. But, on its opening weekend, Road this evening, we will he had ‘put [his] heart and soul
particularly vocal back to
Sarah Dunning, CEO of a man stumbled into the bar after unfortunately have to close into this place’.
No 27 your statement.’
S E RV I C E STAT I O N S S H I F T I N G FO CU S Westmorland Family, says the being stabbed nearby. It was a #WelcometoHackney’. It was His advice is to prioritise local
Limerick
goal is to be the ‘stoppers’ choice’, stark reminder that the nickname accompanied with a picture relationships: ‘People who live
This abandoned site was 4 Keep it in perspective.
Retail has become a cash cow for motorway meaning that drivers actively seek
out a stop at Gloucester Services. repainted with bright colours
‘Murder Mile’ was still a valid one
in gentrifying Lower Clapton.
of the bloodied floor.
A Twitter storm ensued,
200 miles away jumping on the
bandwagon don’t matter.’
service stations. Westmorland Family brought Another petrol station, Parkfoot in 2014, inspired by pop artist The founder of The Bonneville, attacking The Bonneville’s But The Bonneville still hasn’t
‘On social media a storm can
blow over as quickly as it blows
Ed Ruscha.
in £92m last year from just two outlets thanks Spar in West Malling, Kent, has
spent the past four years also
Ruairi Gilles, says he attended
to the stabbed man, called for
seemingly insensitive attitude.
‘Boycott @BonnevilleE5,’ one
fully shaken off the damage from
three years ago. ‘Some evenings I’ll
up. People are quite forgiving of
human behaviour if things are
to posh sausage rolls. bringing food to the forefront of its Pump an ambulance and waited for Twitter user wrote. The Daily Mail stand outside and hear someone
dealt with in the right way.’
business. Owner David Charman Shoreditch the police to take statements. and Evening Standard piled in and say, “Oh no, that’s the Twitter
About 30 miles north of Bristol Break was reported to have estimates that less than 30% of his He asked one of his staff to tweet amplified the outrage. Residents place”,’ he says.
A former Texaco petrol station
along the M5, there’s an artisan a £700m price tag. customers buy fuel when they visit.
has been transformed into
petrol station.
a street food market on
Gloucester Services houses an Two-station chain Wealthy village people
Shoreditch High Street.
on-site butchers where people For Westmorland Family, the Both Parkfoot and Gloucester
pre-order meat, stating whether company behind Gloucester Services have benefited from being
Flower Station
they’ll be travelling north or south. Services, the foray into roadside located in affluent areas. King’s
Marylebone
Many don’t even stop for petrol. retail started in 1972 with its first Hill and Painswick – a stone’s
The side of the M5 might seem project, Tebay Services in the Lake throw from Parkfoot and The forecourt of this ex-petrol
an incongruous place to sell the District. When the family learnt Gloucester Services respectively station has been a flower
kind of fare normally found in a the M5 was going to be built – are two of the wealthiest villages shop since 2001.
village farmers’ market. But black straight through their Cumbrian in the UK.
pudding scotch eggs, wild boar farm they put in a bid to run the The emergence of service
sausage rolls and cheeses from the service station. stations as places people come
Cotswolds’ finest producers have It featured a farm shop with to shop has further potential.
been selling in strong numbers fresh baked goods and a small cafe. ‘Our shop is our key profit INSIGHT
alongside petrol since it opened Then, four decades after opening earner, and it’s the reason why
in 2014. There’s not an arcade Tebay, Gloucester Services became people choose to come to us,’ • Forecourt rents have soared,
machine or a KFC in sight. the company’s second outpost. Charman explains. ‘Ten years ago, increasing on average by more
Last year Westmorland Family virtually no [filling] sites in the than 50% in the last six years.
Retail fuelling growth
Gloucester Services has been
brought in £92m in sales and profit country could claim that.’ Most stations make just a 7%
profit on petrol sales.
Money-making
newsletter
referred to as a noteworthy Three months in, nearly 3,000 Sheldon’s flight alerts on a more
example of how petrol stations • Meanwhile, fuel-efficient cars people had subscribed through regular basis. Non-paying users
could well be an emerging format and supermarkets opening word-of-mouth. Promoting his would still receive semi-regular
for retail. their own petrol stations have H O W TO STA RT C H A RG I N G newsletter on Reddit gave it flight updates.
More fuel-efficient cars and created more competition. another boost; his AMA (‘Ask Me His 165,000 original subscribers
higher forecourt rents have Turning a digital hobby into a money-making business has flummoxed Anything’) generated 42,000 were offered a £10 discount. Of
squeezed the business of selling • It’s led to a wholesale closure many. Jack’s Flight Club has made it work by offering paid-for more subscribers. these, he says 25,000 signed up –
petrol, especially in cities (see box). of petrol stations. In the past supplements on top of a free service. Could he turn this popular generating £625,000 in one hit.
Meanwhile, motorway service 50 years more than half of email into a moneymaker? The challenge will be keeping up
stations are thriving. UK operators British petrol stations have Jack Sheldon has a talent for airlines price their flights. Sheldon considered several momentum now these users are
Moto, Road Chef, and Welcome closed. Last year, Shell, Esso finding the cheapest flights. In September 2016, Sheldon ways to monetise his newsletter: paid up for the year.
Break have grown by partnering and BP sold 1,085 stations Thousands of his newsletter spent £30 on setting up Jack’s a total paywall felt too aggressive
with the likes of Burger King between them. subscribers would attest he’s Flight Club. It was nothing more and likely to alienate people, while
and WHSmith. better at it than even famous sites than a newsletter containing ‘affiliate links’, where Sheldon INSIGHT
This year, Pizza Express • The Petrol Retail Association like Skyscanner and Expedia. cheap air fares – a simple service would take a cut on bookings,
announced it would open its first says food is where the future Sheldon is a private travel agent: that he thought could strike a seemed antithetical to the idea of Sheldon ensured an attractive
motorwayside restaurant at a lies, accounting for more than all he needs for work is a laptop chord with some of the 40 million- finding cheap flights. He settled product was still free, while
service station near Oxford. 10% of annual revenue growth and his geeky insider know-how plus people that search for flights on a ‘freemium’ model. For £35 a affording sufficient additional
Back in February, Welcome last year. concerning every aspect of how on Skyscanner each month. year, users could opt in to receive value to people who pay.
18 19
W O R KS H O P
Will chatbots take over
customer service?
Ditching the
to help retailers, despite the fact
bots through apps like Kik. ‘The tube cuts through the of 2016, the average cost per just before looking for funding,’ she explains.
just 1.5% of online sales came from
However, many believe it’s noise,’ says Tom Cavill, co-founder Facebook ad click in the UK was adds Barrins. While Exterion’s data can
social media last year.
impossible to replace humans of property Isa firm Brick Lane, 21p, while the cost per app install pinpoint how and where to best
De Lange says around 20% of
dreaded chatbots
with bots for anything which first tried its luck with the was £4.33 – more than double the New customers target specific user groups, Barrins
online customers ask questions
other than the most menial underground’s users (up to 4.8 cost in the US. Thouas is also Brick Lane’s objective was to gain recommends ‘reaching as many
and seek out style advice through
enquiries. million of them per day) in convinced that, after three years, new customers, stand out from its people as possible, as often as
Ace and Tate’s social channels.
January this year. ‘Other ad it’s getting harder for Lost My competition and build trust in its possible, as quickly as possible,
He recruited heavily in customer
G E N E R AT I N G O N L I N E S A L E S → TOP OF THE BOTS formats are thirsty for your Name to reach new customers brand in the run up to the Isa instead of zoning in on a
experience early on, noticing a
One company that’s come attention.’ through Facebook. deadline; it wanted its campaign to particular station’.
jump in loyalty and purchasing
Ace and Tate’s flirtation with Facebook, Snapchat from those that discussed their
up with a mixed approach
is Hero. Its founder Adam
Companies can be reluctant
to advertise on London’s Experimental advertising
be ‘remarkable’. It created two ads
– one that was simply descriptive,
and Skype is emblematic of how companies style and frame choices with
Levene has created a website underground as it’s sometimes Lost My Name trialled its first tube another that was ‘more creative, to
everywhere are turning to social media for
a professional.
plugin which allows customers associated with trashy brands campaign before Christmas 2015, make you think’ – and opted for Costs
browsing a site to speak to and ugly adverts. after noticing several other the large ‘16-sheet’ posters
customer service and sales. Warby Parker effect
Spectacles startups have been
real-life shop assistants. But Cavill believes that startups advertising on the tube – opposite platforms favoured by big
£127,600
Rather than the customer commuters are a relatively Hello Fresh, Dog Buddy, Swoon brands. 150 adverts were pasted up
among the most experimental in
receiving a text response, it captive audience. They’re looking Editions among them – and asking in stations throughout zones one for 4,400 panels ads in every
Selling glasses in shops isn’t easy. driving their efforts online. The
enables engagement with a for distraction, rather than trying them for feedback. It ran a second and two for one month. tube carriage on every line for
People get overwhelmed by the most famous among them, Warby
sales assistant on the shop to avoid it. set of 2,200 ads inside tube ‘We’re a considered purchase,’ two weeks
choice, and frustrated by trying Parker, grew in popularity thanks
floor over video call. carriages for two weeks in March adds Cavill. ‘People like to see us a
on lots of frames. Doing it online to a scheme that sent customers
Levene argues that for big- Facebook: loud and expensive
Mark de Lange’s is even harder. lots of frames to try on at home for
ticket products like furniture ‘With other areas of advertising,
this year.
‘You don’t want to make eye
few times, and seeing us in places
other than the internet builds that
£103,600
engagement Amsterdam-based Ace and Tate
has thrown the digital kitchen sink
free. The company has continued
to invest heavily in Facebook,
or jewellery, customers want like Facebook, you have to think contact with anybody, so you end story of the brand.’
for 200 16-sheet poster ads,
one in most stations in zones
more information before
insights: at trying to leapfrog the hurdles which founder David Gilboa has
making purchases, and shop
about how to dress an ad up as
something other than an ad. With
up looking around,’ says Thouas.
‘Ads are memorable in the tube.’ Tracking success
one and two for two weeks
that selling spectacles through the described as its most effective tool
assistants who are often the tube, people almost want to Exterion, the media agency Although quantifying brand
1 Keep it human. ‘Avoid the internet presents. for hooking customers. CARRIAGES
standing idle in empty shops be entertained,’ says Cavill. responsible for selling TfL’s ad recognition is hard, Lost My
temptation to use bots It’s a scheme Ace and Tate has
for Facebook chat.’ Skype advice replicated. De Lange is banking on
can be put to use helping But advertising on the tube isn’t space, says the majority of its Name took a forensic approach 13 minutes
close sales over the web. just a way to catch commuters’ clients come through word-of- to monitoring the success of its average dwell time
Founder Mark de Lange initially the ‘try before you buy’ mail-out
2 Focus on one or two Having launched in eyes and distinguish a brand. It’s mouth referrals. ‘The startup London underground ads, using
hired someone with a background format to lead a push into the UK.
channels. ‘Don’t go September 2016, the also a means of future-proofing world is a small one,’ notes Killian surveys on the order complete PLATFORMS
in social networking to take charge Unlike in the other European
across the board from company’s challenge will against Facebook and Google’s Barrins, who heads up Exterion’s page to find out how customers
the get-go.’
of the shopping process. capitals where Ace and Tate has
be adapting consumer 99% share of the digital ad market. ventures arm, which was set up had heard about the site, then
3 minutes
What started off with the team established itself since its founding average dwell time
behaviour fast so the shops Personalised children’s book in 2015. verifying the responses against
3 Don’t force it. ‘The beauty simply replying to messages over in 2013, the company isn’t opening
that have started using publisher Lost My Name has been To encourage consumer-facing users’ IP addresses.
of online shopping is Facebook has since grown into a a shop in London right away. ‘It’s a
Hero see continued value in experimenting with advertising startups with limited marketing
giving people the choice range of options, including to middle ground; not completely
subscribing to the service. channels in the US, from TV budgets to dip into tube ads,
of interacting or not.’ interact over WhatsApp, schedule online, not completely offline,’
campaigns to podcasts, for some Exterion offers various payment
a style consultancy on Skype or get he says.
time. ‘Last year, one of our biggest deals, from a share in revenue, to
pushes was to diversify our
The wisdom of
marketing,’ explains head of
‘Within 48 hours [of his Walker has tried to find others
marketing Anne Thouas. ‘We’re
involvement], he’d like Copestake to help him. He’s
strangers
opened up one of been relying on goodwill and
England’s biggest ginger ‘gentlemen’s agreements’ with a
importers to us,’ says photographer, an ex-buyer from
A S K I N G FO R H E L P Walker. ‘He put us in Waitrose, an investor, printer and
touch with a factory we nutritionist, who have given their
With no experience in the food and drinks would never otherwise time and services now for reward
industry, Tea Rex’s founder landed a veteran have found or got in the future when Tea Rex raises
to help get his tea brand off the ground. access to.’ Copestake investment. ‘I’ve created a vision,’
also recommended says Walker. ‘I know exactly what
Like many a startup founder, Luckily, a chance encounter Walker quote suppliers much I want out of people, and I’m
Andrew Walker was left scratching put him in touch with a man shorter lead times than necessary incredibly specific.’
his head when it came to several who had the answers and who so Tea Rex could batch produce
technical aspects of launching his Walker would later convince to sachets, and has given hours of his
fruit tea startup. become his unofficial chairman. time advising on the finer points of INSIGHT
How to get stocked in a Since last December, Chris manufacturing fresh products with
supermarket? What’s the right Copestake, founder of a big soup a long shelf life. ‘It’s obvious stuff Even experienced business
price? What’s the distributor’s cut? and sauce manufacturer, has when you say it out loud,’ admits people can be energised by
Questions about production and been informally advising Walker Walker. ‘But it’s not stuff I’d got my the prospect of being part
marketing kept occurring to him. on his business. head around.’ of a startup.
20 21
PA RT N E R C O N T E N T: C O U R I E R FO R H I S C OX
Grow
expansion, and all the ups and downs that
come with becoming your own boss, over
the next few months. Our first question:
how did they make the leap?
and reveal the secrets behind expat Molly. ‘But I couldn’t find any pyjamas that
I liked that didn’t cost hundreds of pounds. So we
2 ACCEPT & PROCEED creative director Matthew Jones joined him as
a business partner in 2008. The pair have since TIP FOR GROWTH:
thought, why can’t we make them?’ When David Johnston decided to strike out on his turned Accept & Proceed into an award-winning Encourage your staff to
their growth. With zero experience manufacturing clothing,
the pair were faced with a steep learning curve.
own by starting a design studio in 2006 he didn’t
have a business plan or more than one month’s
design agency with 13 staff and a client list of
eminent brands including Moleskine and Nike. spread their wings
‘So it was a lot of trial and error,’ says Joel Jeffery. wages in the bank. ‘But I had notions of grandeur Last year the pair opened Today, a co-working
‘We had no idea about sewing or even where to from the get-go,’ he says, with a laugh. ‘I knew that space in Hackney. David encourages his staff to pursue personal
buy fabric.’ I wanted to be a company, even though it was just The curation of a ‘fun and lively’ atmosphere design projects outside of their commercial ones,
The first 100 pairs of pyjamas went on sale me at that point.’ To give this impression, he admits has been a central concern. ‘I’ve been at agencies and credits this as a factor contributing to Accept
online in September 2014. ‘We sat up all night to invoking a split personality: ‘I made up staff that are driven by profit or expansion alone, and & Proceed’s high retention rate. ‘We have the
watching the analytics,’ says Molly. ‘We thought members; I created email addresses and would pick I didn’t want that for us,’ says David. ‘We’ve been 43M3 gallery where we show self-initiated work
we might get a few orders but we [only] got one,’ up the phone as one person, and then pass on the careful not to grow at a rate that will overstretch sometimes, and we do other personal projects,
adds Joel. calls. It was quite confusing and unsustainable – but us – we want to be able to do ground-breaking for no other reason than we love them.’
But sales quickly began to rise. Further proof it worked!’ work and not have to take on contracts just to pay
of success came in the form of orders from David’s team vision began to be realised when the overheads.’
department store heavyweights – although this
did force a rethink of their e-commerce-focused
business plan. ‘When Bergdorf Goodman knocks
on your door, you’re not going to say, “Oh, no
thank you”,’ says Molly.
Now the pair aim for a combination of 80%
e-commerce and 20% wholesale. TUNE IN
While their five-year plan includes adding
new product lines, for now Molly and Joel are We’ll also be following the
focusing on their core product. ‘We want to be a inspiring stories of these three
household name,’ says Molly. ‘The goal is for your
top drawer to have D&Ds in it – not PJs.’ companies through a series
of podcasts. Listen in for tips
TIP FOR GROWTH: TIP FOR GROWTH: and advice on all aspects of
Never underestimate the Source another pair of hands growing a business.
power of good customer ‘If I had my time again, one thing I would have
service done earlier is act on the feedback I was given to Subscribe via your
have someone else come on board,’ says Charlie.
Molly and Joel relentlessly go above and beyond ‘Since Emma has joined we’ve done more in the
podcast app, iTunes,
to please their customers and their efforts have last three months than I had done in the last six. Soundcloud or visit:
paid off. One mystery shopper was later revealed Having another person is just so valuable on so
to be a Vogue editor, who has since become a many different levels.’
vocal supporter. ‘Everyone says you can build a courierpaper.com/hiscox
business using social media and influencers, but
it’s not really about that,’ says Molly. ‘It’s about In partnership with
genuine personal connections.’ 3 KITCHUP September 2015, with five kitchens on his books.
‘We had a flood of enquiries almost from the off,’
When Charlie Jones launched Kitchup, a company he says.
that connects commercial kitchen space with food By March, Charlie had enough confidence in
businesses looking to rent it, he had solid market Kitchup’s potential to quit his day job. Early this
research to draw upon. ‘I’d been working for a year, his twin sister Emma Jones joined him.
government scheme that provides mentoring and The pair are now looking into funding in order to
loans to new businesses,’ Charlie says. ‘I’d seen a further scale their business. ‘We need to take things
huge amount of food startups coming through and to the next level,’ says Charlie. ‘Our priority is to
one of the biggest problems they had was finding improve our technical platform so we can automate
kitchen space.’ some of our processes – at the moment it’s very Hiscox provides a range of cover for those
With many food businesses only using their labour intensive.’ bold enough to start their own business.
facilities at certain times of the day or week, Charlie With Kitchup fielding enquiries for its service
saw an opportunity to introduce commercial food from cities across the UK and Europe, expanding hiscox.co.uk/businessinsurance
production to the sharing economy. He took out into other territories is a long-term priority, ‘once Hiscox Underwriting Ltd
a £5,000 personal loan and launched a website in we’ve got London perfected’.
22 23
P O RT R A I T
—
somehow become a coveted stuck in an abusive relationship”,’
object even outside coder circles. he says, using one of his go-to
metaphors. He speaks at fintech
The hacker and the hacks events. He’s been on Newsnight. ‘Monzo will be a financial
For a bank CEO, Blomfield spends And he makes regular visits to
an outrageous amount of time corporate offices. ‘We take 100 or control centre for a billion people
talking to journalists. It’s not so cards to Transferwise or Sky or
unusual for him to clock up Facebook, and the secret is actually around the world’
two interviews per day, he says. it’s a really great recruiting tool,’ he
Spreading the good word about
how the banking sector is set
says. ‘We wait about a week, and we
get a flood of applicants.’
—
to be wobbled seems like his chief technical officer at what is “Hello, is that the RBS team?”’
favourite pastime. Seeing a billion today one of Monzo’s chief rivals, ‘That’s amazing; it can save a lot
‘It feels like we are at a tipping Blomfield is clearly good at selling Starling, the bank founded by Anne of time. [But] it can be impulsive.’
point where the entire industry is his vision within London’s tech Boden in 2015 and where Blomfield Recently, Blomfield’s started
teetering on the edge of a cliff and bubble. Whether he can sell Monzo worked prior to launching Monzo. talking about Monzo developing
it is about to give way,’ Blomfield further afield is another matter. There were reports of rifts and into a marketplace where users can
told Techworld in 2015. The question is, what lies behind tension at the time. Whether that find other fintech startups to buy
And yet, for all his column the hype? Rival banks, both digital stemmed from diverging strategies insurance, take out loans and earn
inches and podcast minutes, and on the high street, are all or a desire from Blomfield to run brand loyalty points. ‘It’s definitely
Blomfield is not your typical, waiting for Blomfield and his his own venture is unknown. the 20-year vision,’ he says, but
brashly confident CEO. He is a company to be properly examined. But he claims hunger to assume that doesn’t stop him meeting with
softly spoken coder. He built the Ignore the noise and, critics say, the CEO role wasn’t what made other startups frequently.
site for Boso (an Ebay for students) Monzo is right now a very well- him leave Go Cardless in 2013. ‘Go ‘I love new things, new ideas.
while at Oxford university, and designed app that lets users split Cardless is a great business, but I [I’ll] have a meeting with a startup
then became technical co-founder bills (with other Monzo users), sat down and thought, “Do I really that wants to build on our API and I
TO M
at direct debit startup Go Cardless. track spending, and take out cash want to be running this for the go, “This is amazing, I want to help
Nor is that the only way he’s an abroad at good rates with a kooky next 5 or 10 years?” And I thought, with this,” and I go to our team
unusual public face. At 31, he still charge card. For a massive chunk of “Not really”.’ [and say] “How can we help these
projects a boyish but sensible people outside of the early-adopter Instead, with Monzo, a guys?” And they go, “Are you
image – all while shouldering the network, that’s far from enough to consumer-facing tech company, kidding me? We set our quarterly
B LO M F I E L D
responsibility of selling Monzo as entice them to download the app, Blomfield can do something much priorities, and that’s explicitly not
the business that will transform let alone leave their trustworthy, if more public – and potentially a priority”.’
consumer banking. frustrating, high-street bank. much bigger. ‘We’re talking years in ‘I miss being hands on – writing
‘On the front of our investor deck the future, and we probably won’t the code, being able to put your
Masterminding the hype it says “Monzo will be a financial get there… but I think to be able to headphones on for 12 hours and
Blomfield appears to have control centre for a billion people have a huge impact on the world have a new feature,’ he admits. ‘I
The quiet coder turned enemy mastered the way publicity works.
A huge chunk of Monzo’s 200,000
around the world”,’ says Blomfield.
‘If we grow at 3.5% per week,
for what you’ve built and then take
an amount of wealth and use it to
really love the process of making
something grow from scratch.’
of the big banks. users voluntarily talk about it, and which is less than we’re currently cure malaria or something… that’s Robinson thinks Monzo’s far
new features are trickled out to growing, we’ll reach a billion users pretty cool.’ from the last company Blomfield
keep chins wagging. It’s a tech in 2023,’ he continues, spinning If such outlandish ambition will start: ‘He’s going to build
startup that others follow closely his water bottle. ‘I did the maths seems terribly un-British, that’s three to five more business in his
(whether they want it to succeed last week.’ because it is. Blomfield’s been lifetime, and one of them’s going
or fail), and equity crowdfunding’s Such bare-faced ambition through YCombinator and soaked to be a breakout success.’
darling – last year it banked the is fascinating, as is the steady up its values. Even his staff seem Is that business Monzo?
fastest ever raise on Crowdcube conviction with which it’s to be under the influence: ‘Most No comment.
24 25
D I S PATC H E S ? LO W D O W N
NEW YORK ‘I’m always surprised that nail country. If women could go and do
what they want, the whole country
If we hit ‘most listened to’ on
your music, what would come up?
The New, New Media art hasn’t become a dead fad’ would benefit. And it’s not just a
female problem. I share [my son]
Lil’ Kim – Big Momma Thang.
SHARMADEAN REID, WAH FOUNDER Roman 50/50 with his dad. He also Favourite app?
has to go to work and has exactly Slack.
the same problem.
Sum up what you do.
‘Still the most newsworthy
as your work ethic. ‘Feeding the 23 Stories to The New York Times’ Best person you follow on
content monster’ has become T Brand Studio, these self-styled I have loads of ideas and find What would you outlaw? social media?
W
an around-the-clock occupation creative content agencies are a the best people to execute them. Advertising. It’s basically the biggest I don’t really look at other people’s
town in the world.’ for New York’s media hustlers,
who acquiesce to the pressure to
one-stop shop for brands looking
to commission, produce, and Why did you decide to get into
cause of anxiety in society today. accounts – I just look at my own, like
a diary.
post, publish, and live tweet at a distribute campaigns in one nail art? Who would be your three dream
seemingly insatiable volume. But place. A myriad of major brands I set up WAH because I thought it dinner guests? Who’s your hero?
hich comes first: the city, or just how sustainable is this frenzied have invested accordingly: T would be a fun thing to do with my Elon Musk; Beyoncé; Richard I don’t have one – they always
the creative fuel that feeds it? level of output, for both the workers Brand Studio has landed clients mates – I didn’t realise it would be Rumelt, author of Good Strategy/ disappoint. Every hero is human
While political, economic, and and the rapidly evolving media including Belvedere and Cartier; a game-changing trend and a Bad Strategy. and fallible.
geographic factors all play their structures which pay their bills? 23 Stories have worked with Olay cool business.
part in establishing the profile For the most optimistic clues and Microsoft, and Gen Z-focused What’re your bucket list What superpower do you wish
of a metropolis as ‘The X Capital of the future, look to The New lifestyle site Refinery 29 has used When were you last surprised destinations? you had?
of the World’, it’s the people York Times; currently undergoing brand dollars to transform a four- by something? Santiago, Chile; Cambodia; To be able to naturally respond to
who maintain that rep. Media, a huge restructuring by taking its person team into a worldwide I’m always surprised that people Big Sur, California. how everyone’s feeling in the most
you might argue, is to New York cues from Netflix and HBO. The ‘media entertainment business’, keep coming to the salon and that appropriate way possible.
what movies are to Los Angeles big idea is, unsurprisingly, more: with over 400 staff and a valuation nail art hasn’t become a dead fad. One thing you read or did
and fashion is to Paris. Arguably more journalism, more supporting of $500 million. recently that you’d recommend? What’s your death row meal?
Phoebe New York’s biggest cultural content, and more ways to read, As New York’s media industry What’s the best ever invention? Crossing the Chasm by Geoffrey Jerk chicken, rice and peas with
Lovatt export, it’s also the one that best watch and listen to all of the keeps growing and evolving, the Google Maps API. Moore. I bloody love this book! coleslaw and plantain.
reflects the characteristics of its above. The ultimate goal, Wired country’s bright and brilliant young It’s about how to market high
working population: innovation, reported earlier this year, is to professionals continue to show Does modern capitalism work? technology products to mass Do you have any regrets?
industriousness, and more than make a digital subscription to up to job-hunt in their droves. As Yes, as long as it’s 50/50 with consumers. Plus, a facial by None whatsoever. Every single thing
a modicum of outright hustle. The New York Times seem less like a former resident of Los Angeles creativity. Pfeffer Sal. I’ve done has led me to where I am
It makes sense, then, that New a luxury, and more like an necessity: who relocated to New York in 2015, Sharmadean Reid is founder of right now. If I’d worked harder in my
York’s media industry has been an IV drip of content you just can’t I can testify to the city’s enduring WAH, once a hip-hop zine and now What would you go big on if you Where would you like to go in our 20s, I wouldn’t be as cultured and
quick to adapt to the challenges live without. appeal: despite its overpopulation a futuristic London nail salon, and became PM? time machine? connected as I am now. If I hadn’t
presented by the new media No fumbles with native and overpriced apartments, New co-founder of Future Girl Corp, a Childcare. It’s such a massive barrier 1970s LA, where for the first time been through hard times, I wouldn’t
revolution of the past 10 years. advertising to be found here, York is still the most newsworthy business network for women. for economic progress in this it was pretty cool to be black. be as resilient.
Venerable publications The global shift towards rampant either; many leading editorial town in the world – if you’re
are getting into bed with content creation has been
absorbed seamlessly here in NY,
platforms have established slick,
in-house brand content operations
engaged in the messy business
of feeding that content monster,
brands in ever-new ways. where you’re only worth as much in their place. From Condé Nast’s at least. WORK /LIFE
‘If it’s weird and wonderful easy to see why Berlin is a natural
home for the diverse talents needed
company INVR Space, which focuses
on arts rather than business-based
‘The minimalist hotdesks’ – which, for many items, is the local
charity shop or a skip – you’ll liberate
Lives. Researchers at the University
of Michigan found that students
B I
breezier, less burdened.’
architect, a Spanish scientist, a substantial money into this field, the a load of shui – until you’ve tried it. environment. They were students,
that in spades.’ Brazilian advertising executive,
and an American scriptwriter. In
public sector is also playing a vital
role with local and regional funding.
You don’t have to watch many
episodes of the TV show Hoarders
after all.
The truth, and the creative sweet
an example of how regularly these Elsewhere in Germany, VR to conclude there might be a link spot, lies somewhere in the middle.
worlds overlap, I was invited last applications are increasingly used between physical and psychological Too much clutter overwhelms our
erlin is a city legendary for its November to perform poetry at in the automotive, military and recently hired a fixed desk at the baggage. The Princeton Institute of attentional selection mechanisms
immersive experiences, with several State festival, a two-day event medical industries; INVR, though, new London Fields branch of We Neuroscience has determined that and, on a logistical level, makes it
nightclubs famously open for days celebrating the relationship between retains an artistic emphasis. Work. But after a couple of days clutter impairs your ability to focus, hard to identify what we should be
on end. It’s perhaps little surprise, art, science, society and artificial Having just received its first funding I found myself holed up in the forcing your brain to devote precious dealing with. But too little stuff
then, that this town has found itself intelligence. Of course, the event tranche, it’s about to branch out hotdesking area. To borrow the bandwidth to junk filtering. Tidy shuts those mechanisms down
home to a small but growing virtual took place in a giant warehouse. into education. Using images and title of trend forecaster James desk, tidy mind, it would seem. altogether, and excessive time and
reality tech scene. It’s a scene that’s London’s VR scene, by contrast, footage from Berlin’s archives, it will Wallman’s book, I was suffering There are plenty of apps energy diverted into decluttering is
Musa been shaped by Berlin’s playful has a more earnest, corporate create an experience where visitors Jamie from ‘stuffocation’. capitalising on the desire to misplaced. Kondo has been known
Okwonga approach to life, which attracts feel. It’s dominated by gaming, can ‘time travel’ through the history Millar The computer towers, packing organise: most of us are familiar to collapse from organising, which
creative types – and left-field followed by manifestations of what of the Reichstag, one of Germany’s crates and packets of Frosties with note-taking app Evernote. clearly isn’t healthy.
thinkers – in their droves. Kevin Molloy, head of production most famous buildings. cluttering the fixed desks were Then there’s Smartsheets and Trello, We’ve all experienced the
This, after all, is the place at London-based Inception VR, These days, Molloy says, ‘you seriously cramping my feng shui. project management tools that sudden compulsion to tidy – one of
where a friend once sent me calls ‘VR as a tool’. Here, he can be a global VR studio based Maybe it was just me, but their turn deadlines into aesthetically procrastination’s sneakiest disguises
a picture of a man on public says, companies are building VR out of any city you choose’. But occupants seemed subdued by pleasing Gantt charts. – when we have something much
transport accompanied by his pet experiences to train doctors to it’s clear Germany’s capital has their surroundings. There’s even a chatbot, Astro, more important to be doing, which
– a pony. The city’s residents are operate, build virtual hotels so something unique to offer. ‘Berlin On the minimalist hotdesks, that archives emails, sets reminders is akin to the fetishising of ‘inbox
also supremely creative with their potential guests can figure out is full of artists,’ he says. ‘The first which were strewn with the and pulls out top-level questions zero’. Ironically, achieving email
buildings. A good friend of mine has which rooms they would like to stay wave of people who came into VR contents of one backpack from your inbox. nirvana in the name of productivity
London for the head, just opened a studio whose facade
is a butcher’s shop, and one of my
in, take children on ‘virtual school
trips’ and treat those recovering
were technologically savvy, but not
necessarily creatively brilliant. In this
maximum, I felt like I could
breathe. Their nomadic inhabitants
Real or virtual, the optimal clutter
level is highly individual, which
all too often comes at the expense
of actual work, and the arrival
Berlin for the heart: favourite cocktail bars (sadly now from post-traumatic stress disorder. second wave, I think creative minds Can a tidy desk and an appeared breezier, less burdened. explains why neighbouring workers of every subsequent message
VR is a shiny new toy for closed) could only be accessed
through a secret door in a kebab
In terms of maturity, London’s VR
industry is also far further down the
coming in and making really weird
and wonderful things is where Berlin empty inbox really jump-
Less is more and more popular,
thanks to Japanese organising
can have polar opposite habits.
Mess has historically been
is an even greater torment. Inner
– and inbox – peace starts with
Europe’s creative capital. shop. Even the geography of the road than Berlin’s. Startups which will help to excel.’ start creativity? consultant Marie Kondo and her portrayed as another mother acceptance.
26 27
COURIER LIFE
STORE CURATION PROFILE FOOD ACTIVITY
NOOK YINKA ILORI MIRANDA YORK MOVEMENT
M OV E M E N T
Exploring the back to basics training philosophy
with Erdi Ibil at Momentum gym
The ingredient
I’ve been buying bunches and bunches of wild garlic while it’s in
season. I’m planning to make pesto with it so I can continue to
enjoy its punchy flavour after the season ends.
M I R A N DA YO R K
The food writer behind At The Table, an
events company and magazine based around
British food culture runs through her favourite
places to eat, drink and buy produce, as well
as sharing her dish of the moment.
‘Kids have got the right idea; largely body-weight based,
running around the park, training can be carried out
I’m obsessed with markets. Bermondsey. There I’ll pick The dish climbing on the monkey bars, anywhere from the gym to the
I love the bustle and the in- up sourdough bread from The mozzarella, borlotti playing hide and seek. That’s living room (although a chin up
teraction with traders. During The Snapery, cultured butter and wild garlic green what Movement is all about,’ bar does help).
the week, I’ll go to Borough from Grant at Ampersand, sauce dish from the says Erdi Babili, who runs ‘It transfers really well to the
Market for fresh produce – I and homemade cardamom Ducksoup Cookbook is Movement classes at Momentum rest of the world and sets you
like Chegworth Valley and granola from Rock My Bowl. my current go-to. I’ve Gym in Haggerston. up to do pretty much any other
Ted’s for fruit and vegetables, Sweet treats come courtesy lost count of the number Movement is a training activity. If you want to play with
Bread Ahead for baked goods of Fatties Bakery, and ice of times I’ve cooked method which combines an your kids or take up a new sport,
(and also, those doughnuts!), cream sandwiches from it. It’s quick to make and eclectic, non-traditional range of Movement gives you the mobility,
and Neal’s Yard for milk and Happy Endings. I can happily most of the ingredients activities. Broadly characterised strength and balance. It makes
cheese. while away every weekend are usually lurking in my as improving mobility, balance you a conditioned human.’
On Saturdays I run a small wandering through markets, kitchen. I use wild garlic and body strength, it’s a Babili first got into the sport
market on Druid Street in tasting and chatting. when it’s in season. If it’s combination of gymnastics, after attending a Movement
not, basil works just fine. parkour, street workout, dance camp in Thailand led by Portal.
Crusty bread is a must to and bodyweight training. He started teaching classes at
mop up the salty sauce In a typical class, participants Momentum last year.
laced with olive oil. will swing and lift themselves on
bars and rings, jump and bounce ‘It makes you a
YO R K’ S TO P S P OT S off boxes, crawl and cartwheel
along the floor, play balance conditioned human.’
games with a partner and
attempt head or hand stands. It’s one of a roster of group
The Snapery Quo Vadis José Popularised by a group of classes at the local gym, founded
The Snapery makes I usually head to Quo I’m always returning trainers with big online followings by Geoff Stewart, that aim to
some of my favourite Vadis, where you can to José on Bermondsey such as Tristan Kobayashi and inject fun into working out.
loaves in London - all always find a cosy Street. Partly because Ido Portal, it’s been taken up by Other workouts on offer are
naturally fermented spot. Plus if it’s getting it’s local, partly everyone from dads wanting to adult gymnastics, metabolic
and made with time late, the cocktail menu because José Pizarro be more limber in the park conditioning and Cross Fit – the
and care by Richard is there to tempt you. is the loveliest chef, through to UFC champion Conor global phenomenon that has
Snapes and his team. Jeremy Lee makes but mainly because McGregor who regularly trains become the gym’s signature
The Seeded Field the best bar snacks – the croquetas are to with Portal. class.
Loaf is particularly cheese straws and pis- die for. It’s the perfect ‘The practise can take you ‘People feel like they need to
good - as well as the saladière, or a smoked spot to drop in for a anywhere – some immerse go to the gym to get fitter and
baguettes. And I can eel sandwich if you’re glass of sherry and themselves in hand balances, leaner; they don’t realise they
never resist brioche if feeling particularly plate of jamón. Or to some in mobility, others in pure can do it through other means
it’s on the stall. peckish. order the whole menu! strength on the rings,’ says that are far more enjoyable,’
Babili, adding that, because it’s adds Babili.
Beavertown Brewery
Unlike most London breweries,
Beavertown has a lot of space.
It’s not tucked away in a railway
arch, or a garage-sized ‘lock up’.
Instead, they’ve got a 5,500 square
foot warehouse in Tottenham.
The brewery moved to its spacious
digs three years ago after running
out of room at their previous site in
Hackney Wick.
It’s now full again. Cosmo, the
head brewer, reckons they’ll need
to move again in a year or so.
When it arrived in Tottenham,
the brewery had eight fermenters
– they’ve since collected 38 of the
COURIER IN
ginormous vessels. Most often,
they’re filled with the brewery’s
two most popular beers: the Gamma
Ray IPA, and the sessionable Neck
YOUR INBOX
Oil. Each tank produces 10,000 litres
of beer and takes three weeks to
brew. Staff split shifts during the
day, and the brewery is in operation
from 6am to 9pm.
The smaller tanks at the back are
used for more experimental brews;
blueberry coffee stouts, spiced IPAs, The best modern business
and lightly salted sour beers are
some recent examples. reporting and analysis
every Friday morning.
34
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