Edward Wray on scaling up, learning from mistakes and creating liquidity

Published: June 27, 2018, 1:17 p.m.

b'Edward Wray graduated Oxford University to pursue a job at JP Morgan, where he spent 7 years eventually leaving as the VP of Dept Capital Markets & Derivatives. Going on to co-found Betfair in 1999, he was its first Chief Executive until 2003, when he moved to Australia to set up the company\\u2019s joint venture. It floated on the stock market in 2010, valued at \\xa31.4 billion and is now one of the world\\u2019s largest online sports betting operators, processing more than 5 million transactions a day.\\n\\nIn this Seedcamp session, Ed shares many aspects of his journey, from raising \\xa31m from his family and friends, as no VC was prepared to back him, to important life lessons he learnt through first time mistakes, like trusting your gut instinct. Now Director of Funding Circle, Ed says that when joining as director of a company, it\\u2019s imperative that employees live and breathe the business as well as understand that they themselves don\\u2019t always have the answers.\\n\\nShow notes:\\nCarlos Medium: sdca.mp/2entVR3\\nSeedcamp: www.seedcamp.com\\nFunding Circle: https://www.fundingcircle.com/uk/\\n\\nRelated bio links:\\nCarlos: linkedin.com/in/carloseduardoespinal / twitter.com/cee\\nEd Wray: https://www.linkedin.com/in/edward-wray-b25b011/ / https://twitter.com/edwray21'