Trusted Places - $1m in 83 Days

I recently watched an interesting interview which I thought I would share. The interview discusses how Walid Al Saqqaf and Sokratis Papafloratos went about securing $1 million for a London based startup, trustedplaces.com.

I am actually a member of Trustedplaces, the website allows you to recommend restaurants to others and build up a social network of like minded restaurant goers. The site isn’t specifically focused on restaurant reviews but it would appear that is the direction the users are taking the site.

The interview covers some interesting points about raising angel money and how they went about raising $1m in 83 days. Some of the more interesting responses were to the questions What are investors looking for? When is the right time to raise money? and Do you still feel in control?

Definately inspirational stuff, it’s great to hear about fellow Londoner’s making a dent in the social space.

Catch the interview here on intruders.tv