How To Start And Exit A Startup In Under Two Years

Posted by on May 24th, 2015  |  Last modified on Jan 7th, 2016

Last updated on January 7th, 2016 at 06:44 pm

At the last Pivotal Tribes event we were joined by Pete Dowds and Tom Brooks, the founders of Mopp (the home cleaning services portal), who managed to start the business and then exit it successfully within the space of just two years. Tom and Pete shared with the audience their experiences, knowledge and advice for others in a lively and amusing question and answer session that lasted about an hour and can be watched below.

Dowds and Brooks

The event was supported again by the leading cloud accounting software provider FreeAgent who are also offering any member of the Pivotal Tribes meetup group a free initial three month period for anyone who registers to use their software via this promotional link.

Tom and Pete have been friends since University and gave up their City jobs to start Mopp after becoming frustrated with the process of finding and booking a cleaner online. Mopp was subsequently sold to Handy, the US equivalent, yet better funded, site where both Tom and Pete now work. They launched the business in April 2013 and with the help of VC funding grew rapidly before exiting to Handy. In essence the business provides an easy to use platform whereby customers just enter their postcode, pick a date and time and they send one of their fully vetted, insured and background-checked professional cleaners direct to a customer’s front door.

Amongst the topics discussed were how Pete and Tom built a minimum viable product, the mistakes they made along the way, what types of marketing and promotional activities worked the best, growing a team and technical challenges.

About Jonathan Lea

Jonathan is a specialist corporate and commercial solicitor who has over 13 years of experience at both large international City firms and smaller practices.

For the last five years Jonathan has worked on a self-employed basis with a network of other independent lawyers focused on serving the needs of entrepreneur-led businesses and startups around the UK and further afield.

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