Is this electronics whizz a genius or a conman?
telegraph.co.ukhobbyist drones, is suffering from (or causing others to suffer from, according to your perspective) is a growing phenomenon across the world, of young technology entrepreneurs chomping off a great deal more than they can chew – especially when it comes to financing.Crowdfunding is capitalism without the usual capital: the way new, small-scale technology companies often raise money.
Instead of getting an angel investor or borrowing money from the bank, innovative start-ups whose owners don’t want to follow a typical career path, but rather get on with inventing what they hope will be ‘disruptive’ gadgets, partner with the public.
Publicising their product – often little more than a glint in their eye – on major crowdfunding platforms such as US-based Indiegogo and Kickstarter, they attract thousands of small investors and then get on with developing their project.Not that Kerswell’s business, Extreme Fliers, is quite a start-up.
After attempting to raise money on Dragons’ Den while he was still a student (unsuccessfully, although Deborah Meaden said he was ‘very investable’), the computing and business graduate has been designing and selling drones for several years.
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