News and events

News

Top tips on crowdfunding, venture capital and angel investors from leading entrepreneurs

Business and Management 11 December 2015

University of Westminster flag

In a talk organised by the Entrepreneurial Society, successful entrepreneurs Piers Linney and Omer el Fakir, among others, shared their approaches to funding their start-ups.

Piers Linney, CEO of Outsourcery and panel judge on the BBC TV show Dragon’s Den, shared his extensive experience of venture capital gathered from both sides of the fence; both as a funder and an applicant. He shared a number of warnings about the potential pitfalls when raising funds for a start-up. 

Founders should boot strap for as long as possible before going down the more formal route of approaching funders. Piers Linney, CEO of Outsourcery

Omer el Fakir, co-funder of Block Wearables, described the journey that he and his co-founder went through to get to the prototype stage of three product. Using beta testers raised them $50,000 in two days. Block Wearables then attracted an angel investor to provide further initial funding before raising $1.6m via crowdfunding. 

Based within the Imperial College Incubator, Omer stressed how important the strong network and eco-system has been to them. A defining moment for Block Wearables was entering a competition run by Intel. Although they didn’t win, this was a key forum to make useful contacts. For Block Werables, that meant meeting a future supplier and maker of chips for their product. 

The event was made possible thanks to Rory Sadler, Danny Lowney, Pascal Sabatnig and the rest of The Entrepreneurial Society, and was supported by VIT-HIT and InvestDen

Sign up for future events form The Entrepreneurial Society on their Facebook page.


About Westminster Business School

Westminster Business School, University of Westminster, is one of London’s leading centres for professional business education. The School offers a wide range of undergraduate, postgraduate and professional programmes, including the AMBA accredited MBA.

All of our degrees are professionally focused and prepare students for working in their chosen careers. Alongside our quality courses, students have opportunities to enhance their practical experience through internships, professional placements and study abroad. Our central London location provides strong links with the business and government communities enabling us to bring practitioners and experts into the classroom on a regular basis.

We have a diverse student population which reflects London’s demographic variety and every year we welcome hundreds of students from Asia, Australia, continental Europe and the United States. We also have visiting scholars and researchers from all over the world. Although we are a school with a strongly international outlook, we also offer a range of part-time qualifications for working professionals.


For the media


For the media

Here we hope you find everything you will need to research, write and publish your story or blog post.

Press office

Please contact our press agency for any media enquiries regarding University of Westminster on

T: +44 (0)20 3697 4200
E: universityofwestminster@fourbroadgate.com