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{{Short description|Entrepreneur and Investor}} |
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{{COI|date=January 2013}} |
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{{Use dmy dates|date=April 2022}} |
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'''Mark Pearson''' (born 1980) is |
'''Mark Pearson''' (born 1980) is a [[London]], [[UK|United Kingdom]]-based entrepreneur and investor. He founded and served as [[Chief executive officer|CEO]] of [[Markco Media]], a European discount network.<ref>{{cite web|url=https://techcrunch.com/2012/11/21/hushhush/|title=HushHush Jumps On The Daily Deals Bandwagon: Designer Fashion, Interiors, Gardening, Food & Drink|date=21 November 2012|publisher=[[TechCrunch]]}}</ref><ref>{{cite web|url=http://realbusiness.co.uk/news/mark-pearson-britains-coupon-king|title=Mark Pearson: Britain's coupon king|publisher=[[Real Business]]|date=7 April 2011}}</ref><ref name=lucky>{{cite web|url=http://www.newbusiness.co.uk/articles/internet-advice/third-time-lucky |title=Third time lucky |date=24 September 2012 |publisher=newbusiness.co.uk |url-status=dead |archiveurl=https://web.archive.org/web/20121113104610/http://www.newbusiness.co.uk/articles/internet-advice/third-time-lucky |archivedate=13 November 2012 }}</ref> |
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In June 2014, Markco Media, the parent company of [[MyVoucherCodes]], was acquired by [[Monitise plc]] for £55m.<ref>{{cite web|author= |url=https://techcrunch.com/2011/05/05/citizen-journalism-is-alive-and-well-in-the-uk-blottr-scores-angel-investment/ |title=Citizen Journalism is alive and well in the UK – Blottr scores Angel investment |publisher=TechCrunch |date=2011-05-05 |accessdate=2013-10-06}}</ref> |
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In June 2014, Pearson sold Markco Media to the publicly listed mobile payments firm [[Monitise plc]] in a reported £55m deal. |
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==Early Life and Career== |
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Pearson is an active investor and mentor.<ref>{{cite web|author= |url=https://techcrunch.com/2011/05/05/citizen-journalism-is-alive-and-well-in-the-uk-blottr-scores-angel-investment/ |title=Citizen Journalism is alive and well in the UK – Blottr scores Angel investment |publisher=TechCrunch |date=2011-05-05 |accessdate=2013-10-06}}</ref><ref>{{cite web|url=http://www.businesszone.co.uk/topic/finances/secret-millionaire-invests-250k-music-discovery-website/36224 |title=Secret Millionaire invests £250K in music website |publisher=Businesszone.co.uk |date=2011-07-26 |accessdate=2013-10-06}}</ref><ref>{{cite web|last=Knowles |first=Jamillah |url=https://thenextweb.com/insider/2012/11/07/last-second-ticket-secures-1-million-in-funding-from-markco-media/ |title=Last Second Tickets Secures £1m From Markco Media |publisher=Thenextweb.com |date=2012-06-18 |accessdate=2013-10-06}}</ref> The [[Sunday Times Rich List 2011]] valued his fortune at £60m ($100m).<ref>{{cite web|last=Tripathi |first=Shruti |url=http://www.londonlovesbusiness.com/entrepreneurs/fast-growing-businesses-and-sme/the-interview-mark-pearson-myvouchercodescouk/2684.article |title=The interview: Mark Pearson, MyVoucherCodes.co.uk | Features |publisher=LondonlovesBusiness.com |date=2012-06-16 |accessdate=2013-10-06}}</ref> |
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Pearson grew up on a council estate in Liverpool with his mother and sister.<ref name="bbc.co.uk">{{Cite news|url=https://www.bbc.co.uk/news/business-29612233|title = The king of discount voucher codes|work = BBC News|date = 19 October 2014}}</ref> |
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==Career== |
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Prior to launching MyVoucherCodes.co.uk in 2006, Pearson worked as a chef at [[Claridge's]] in London, under celebrity chef [[Gordon Ramsay]].<ref>{{cite web|author= |url=http://www.thisismoney.co.uk/money/article-1707393/The-voucher-codes-secret-millionaire.html |title=Secret millionaire: MyVoucherCodes.com founder Mark Pearson |publisher=Thisismoney.co.uk |date=2010-11-06 |accessdate=2013-10-06}}</ref> |
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At age 23, Pearson founded Roses by Design, selling fresh rose petals with custom messages.<ref>{{Cite web|url=http://www.newbusiness.co.uk/articles/entrepreneurs/third-time-lucky-mark-pearson|title=Third time lucky - Mark Pearson}}</ref> Through this venture, he discovered [[affiliate marketing]] when [[Interflora]] and Flowers Direct requested to place discount code banners on his website.<ref name="bbc.co.uk"/> |
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When Pearson left school aged 16 he took up a place at a local catering college. He entered and won a nationwide cooking competition,<ref>https://www.forbes.com/sites/jasperhamill/2014/08/31/the-rags-to-riches-story-of-britains-thriftiest-multi-millionaire</ref> leading to his employment by Claridge’s. |
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⚫ | In November 2006, aged 26, Pearson launched MyVoucherCodes with an initial investment of £300.<ref>{{cite web|url=http://www.businesszone.co.uk/topic/business-trends/mark-pearson-300-start-10m-turnover/36502 |title=Mark Pearson: £300 start-up to £10m turnover |publisher=Businesszone.co.uk |date=2011-08-19 |accessdate=2013-10-06}}</ref> The business operated from his bedroom until 2009, when he established an office in [[Croydon]], later relocating to central London in 2011.<ref name=lucky/> |
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Pearson then went on to manage his own chain of restaurants after taking out a small loan from his grandmother. |
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==Investment activities== |
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Aged 23, Pearson started Roses by Design, a company that sold fresh rose petals with tiny messages written upon them.<ref>http://www.newbusiness.co.uk/articles/entrepreneurs/third-time-lucky-mark-pearson</ref> It was whilst running this business that Pearson learnt about affiliate marketing. |
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⚫ | Pearson has invested approximately £5m across nine companies, with minimum investments of £100,000.<ref>{{Cite web|url=https://www.telegraph.co.uk/finance/businessclub/11152372/MyVoucherCodes-founder-left-school-at-16-and-sold-his-business-for-55m-now-he-wants-to-help-other-young-entrepreneurs.html|title='I left school at 16 and sold my business for £55m. Now I want to help other young entrepreneurs'}}</ref> |
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Pearson was approached by Inter Flora and Flowers Direct, which both asked if they could put discount code banners for their businesses on his web pages, and then pay him a commission for each resulting sale.<ref name="bbc.co.uk">https://www.bbc.co.uk/news/business-29612233</ref> |
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His investment portfolio includes Shopwave, an iPad payment system for retailers, and Calq, a mobile analytics firm. He invested £1m in [[Ve Interactive]], which expanded from 30 to 700 employees across 18 global offices. Ve Interactive reached a valuation of $3bn in June 2015<ref>{{Cite news|url = http://www.ft.com/cms/s/0/dc1e89e8-1055-11e5-ad5a-00144feabdc0.html|title = Europe incubates tech's new billion-dollar babies|date = 14 June 2015|website = Financial Times|last = Ahmed|first = Murad}}</ref> before entering administration in April 2017.<ref>{{Cite web|url=https://www.insider.co.uk/news/story-behind-michelle-mones-appointment-11893278|title=The story behind Michelle Mone's appointment to board of Ve Global|date=22 January 2018}}</ref> A consortium including Pearson subsequently acquired the company for £2m.<ref>{{Cite news|url=https://www.telegraph.co.uk/technology/2018/09/02/ve-interactives-rescuers-put-15m/|title = Rescued Ve Interactive to raise £15m as it seek to break even|newspaper = The Telegraph|date = 2 September 2018|last1 = Titcomb|first1 = James}}</ref> |
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Soon he found he was earning more money in commissions than he was selling his own roses. |
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My Voucher Codes was launched in November 2006, when Pearson was 26, as the UK's first such discount offers website. |
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In October 2014, Warner Music Group acquired Playlists.net, another of Pearson's investments.<ref>{{Cite web|url=https://techcrunch.com/2014/10/16/playlists-net-acquired/|title=Playlists.net Acquired by Warner Music Group|date=16 October 2014 }}</ref> |
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==Fuel ventures== |
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⚫ | In December 2013, Pearson and Paul Rous, a former Goldman Sachs corporate financier, established Fuel Ventures, an early-stage e-commerce investment fund and startup studio.<ref>{{Cite web|url = https://techcrunch.com/2015/05/01/fuel-ventures/|title = After Exiting Markco Media, Mark Pearson Launches New London-Based VC Fund And Startup Studio|date = May 2015|website = TechCrunch|last = O'Hear|first = Steve}}</ref> |
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Pearson grew up on a council estate in Liverpool with his mother and sister. He traces the origin of his drive to succeed to time spent in a domestic violence refuge, where he realised he had to be the ‘man of the family’.<ref name="bbc.co.uk"/> He has publicly said watching his mother cut out newspaper coupons to get money off food to feed the family as she juggled single parenthood with working several, low-paid jobs inspired him.<ref>http://www.dailymail.co.uk/news/article-2804761/Entrepreneur-60m-fortune-Voucher-Codes-website-inspired-watching-mother-cut-coupons-paper-violent-upbringing-poverty-stricken-Liverpool.html</ref> |
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⚫ | The fund raised £539,900 through crowdfunding platform [[Seedrs]],<ref>{{Cite web|url = https://www.cnbc.com/2015/05/20/want-to-be-a-vc-all-you-need-is-a-150.html|title = Want to be a VC? All you need is $150|date = 20 May 2015|website = CNBC|last = Kharpal|first = Arjun}}</ref> with tennis player [[Andy Murray]] among its investors.<ref>{{Cite web|url = http://www.cityam.com/222638/andy-murray-invests-three-british-startups-through-seedrs-crowdfunding-platform-tossed|title = Andy Murray invests in three British tech startups through Seedrs equity crowdfunding platform - Tossed, Trillenium and Fuel Ventures Fund|date = 19 August 2015|website = City AM|last = Barber|first = Lynsey}}</ref> |
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In 2010 Pearson appeared on Channel 4’s The Secret Millionaire, where he was exposed to the realities of gun crime and domestic violence in Nottingham.<ref name=lucky/> He donated £115,000 of his own money to three charities. Pearson says big charities “wind [him] up because they cost so much to run” and the purpose for him appearing on The Secret Millionaire was to “meet people on the ground who don’t get the spotlight”.<ref>http://www.pinknews.co.uk/2014/09/26/interview-entrepreneur-mark-pearson-on-surrogacy-diversity-and-working-with-gordon-ramsey/</ref> |
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==Community engagement== |
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Pearson lives with his fiancé Aaron and their surrogate twins in Monaco{{notincitationgiven}}.<ref>http://www.pinknews.co.uk/2014/09/26/interview-entrepreneur-mark-pearson-on-surrogacy-diversity-and-working-with-gordon-ramsey</ref> |
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In 2010, Pearson appeared on [[Channel 4]]'s [[The Secret Millionaire]], donating £115,000 to three Nottingham-based charities addressing gun crime and domestic violence.<ref name=lucky/><ref>{{Cite web|url=http://www.pinknews.co.uk/2014/09/26/interview-entrepreneur-mark-pearson-on-surrogacy-diversity-and-working-with-gordon-ramsey/|title = Interview: Entrepreneur Mark Pearson on surrogacy, diversity and working with Gordon Ramsey|date = 26 September 2014}}</ref> |
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==Hackathons== |
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In 2012, Pearson founded Hackathon London, an event that invites developers to build tools and services in teams or individually, giving them the chance to pitch ideas to active investors and business mentors.<ref>{{cite web|author= |url=http://www.enforbusiness.com/event/hackathon-london |title=Hackathon London | Events |publisher=EN for Business |date= |accessdate=2013-10-06}}</ref> |
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In |
In 2012, he established Hackathon London, connecting developers with investors and mentors.<ref>{{cite web |author= |url=http://www.enforbusiness.com/event/hackathon-london |title=Hackathon London | Events |publisher=EN for Business |date= |accessdate=2013-10-06 |archive-url=https://web.archive.org/web/20120325235943/http://www.enforbusiness.com/event/hackathon-london |archive-date=2012-03-25 |url-status=dead }}</ref> He later sponsored the Young Rewired State Hackathon in Scotland when it faced cancellation.<ref>{{cite web|last=Askeland |first=Erikka |url=http://www.scotsman.com/the-scotsman/business/people-giant-wood-statue-gets-visitscotland-guests-guessing-1-2659230 |title=People: Giant wood statue gets VisitScotland guests guessing |publisher=The Scotsman |date=2012-11-26 |accessdate=2013-10-06}}</ref> |
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==Recognition== |
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On 1 July 2010, Pearson's company, Groupola.com, ran a deal where the public could purchase an iPhone 4 for £99 instead of the RRP of £499. The high traffic of people wanting the phone brought the servers hosting the site down and caused a backlash on Twitter and Facebook <ref>{{cite web|author=|url=http://realbusiness.co.uk/article/4519-groupola_iphone_deal_backfires |title=Groupola: iPhone deal backfires| accessdate=2014-07-15}}</ref> Although the company reported to have 200 iPhones, only 10 iPhones were available.<ref>{{cite web|url=https://www.bbc.co.uk/news/business-12701948 |title=iPhone offer by Groupola 'misleading', says OFT |date=2011-10-03 |accessdate=2014-07-15 }}</ref> |
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* 2010 - [[Real Business]] Growing Business Awards "Young Entrepreneur of the Year"<ref>{{Cite web |url=http://realbusiness.co.uk/article/5043-growing_business_awards_2010 |title=Real Business - Growing Business Awards 2010 |access-date=2014-11-02 |archive-url=https://web.archive.org/web/20131024140657/http://realbusiness.co.uk/article/5043-growing_business_awards_2010 |archive-date=2013-10-24 |url-status=dead }}</ref> |
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==Investments== |
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* 2012 - Digital Entrepreneur Awards "Digital Entrepreneur of the Year"<ref>{{cite web |url=http://www.digital-entrepreneur.co.uk/previous-winners.html |title=Previous winners of th Digital Entrepreneur of the year awards |website=www.digital-entrepreneur.co.uk |url-status=dead |archive-url=https://web.archive.org/web/20100729040712/http://www.digital-entrepreneur.co.uk/previous-winners.html |archive-date=2010-07-29}}</ref> |
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The [[Sunday Times Rich List 2011]] valued his fortune at £60m.<ref>{{cite web|last=Tripathi |first=Shruti |url=http://www.londonlovesbusiness.com/entrepreneurs/fast-growing-businesses-and-sme/the-interview-mark-pearson-myvouchercodescouk/2684.article |title=The interview: Mark Pearson, MyVoucherCodes.co.uk | Features |publisher=LondonlovesBusiness.com |date=2012-06-16 |accessdate=2013-10-06}}</ref> |
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His portfolio includes Shopwave, an iPad payment system for retailers which also monitors sales, and mobile analytics firm Calq. His biggest investment success to date is British 'unicorn' [[Ve Interactive]], in which he has invested £1m over the past three years. The firm has grown from a team of 30 to 700 people and serves over 6,000 e-commerce clients globally, working in 47 countries from 18 offices worldwide and in 19 languages. |
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In June 2015, Ve Interactive was estimated to be valued at $3bn.<ref>{{Cite web|url = http://www.ft.com/cms/s/0/dc1e89e8-1055-11e5-ad5a-00144feabdc0.html|title = Europe incubates tech’s new billion-dollar babies|date = |accessdate = |website = Financial Times|publisher = |last = Ahmed|first = Murad}}</ref> |
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VE was forced into administration on 7 April 2017 after HM Revenue & Customs issued a petition for winding up order on 3 April 2017 having previously served a winding-up petition in February 2017. <ref> https://www.insider.co.uk/news/story-behind-michelle-mones-appointment-11893278 </ref>. The company was subsequently bought out of administration for £2m by a consortium of investors including Pearson. <ref> https://www.telegraph.co.uk/technology/2018/09/02/ve-interactives-rescuers-put-15m/ </ref> |
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In October 2014, one of Pearson's investments, Playlists.net, was acquired by [[Warner Music Group]] for an undisclosed sum.<ref>https://techcrunch.com/2014/10/16/playlists-net-acquired/</ref> |
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== Fuel Ventures == |
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==Awards== |
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* 2010 - [[Real Business]] Growing Business Awards "Young Entrepreneur of the Year" award <ref>http://realbusiness.co.uk/article/5043-growing_business_awards_2010</ref> |
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* 2012 - Digital Entrepreneur Awards, "Digital Entrepreneur of the Year" <ref>http://www.digital-entrepreneur.co.uk/previous-winners.html</ref> |
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==References== |
==References== |
Latest revision as of 05:14, 28 November 2024
Mark Pearson | |
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Born | 1980 (age 44–45) |
Mark Pearson (born 1980) is a London, United Kingdom-based entrepreneur and investor. He founded and served as CEO of Markco Media, a European discount network.[1][2][3]
In June 2014, Markco Media, the parent company of MyVoucherCodes, was acquired by Monitise plc for £55m.[4]
Early Life and Career
[edit]Pearson grew up on a council estate in Liverpool with his mother and sister.[5]
At age 23, Pearson founded Roses by Design, selling fresh rose petals with custom messages.[6] Through this venture, he discovered affiliate marketing when Interflora and Flowers Direct requested to place discount code banners on his website.[5]
In November 2006, aged 26, Pearson launched MyVoucherCodes with an initial investment of £300.[7] The business operated from his bedroom until 2009, when he established an office in Croydon, later relocating to central London in 2011.[3]
Investment activities
[edit]Pearson has invested approximately £5m across nine companies, with minimum investments of £100,000.[8]
His investment portfolio includes Shopwave, an iPad payment system for retailers, and Calq, a mobile analytics firm. He invested £1m in Ve Interactive, which expanded from 30 to 700 employees across 18 global offices. Ve Interactive reached a valuation of $3bn in June 2015[9] before entering administration in April 2017.[10] A consortium including Pearson subsequently acquired the company for £2m.[11]
In October 2014, Warner Music Group acquired Playlists.net, another of Pearson's investments.[12]
Fuel ventures
[edit]In December 2013, Pearson and Paul Rous, a former Goldman Sachs corporate financier, established Fuel Ventures, an early-stage e-commerce investment fund and startup studio.[13]
The fund raised £539,900 through crowdfunding platform Seedrs,[14] with tennis player Andy Murray among its investors.[15]
Community engagement
[edit]In 2010, Pearson appeared on Channel 4's The Secret Millionaire, donating £115,000 to three Nottingham-based charities addressing gun crime and domestic violence.[3][16]
In 2012, he established Hackathon London, connecting developers with investors and mentors.[17] He later sponsored the Young Rewired State Hackathon in Scotland when it faced cancellation.[18]
Recognition
[edit]- 2010 - Real Business Growing Business Awards "Young Entrepreneur of the Year"[19]
- 2011 - Ernst and Young "Emerging Entrepreneur of the Year"[20]
- 2011 - Smarta "Young Gun"[21]
- 2012 - Digital Entrepreneur Awards "Digital Entrepreneur of the Year"[22]
The Sunday Times Rich List 2011 valued his fortune at £60m.[23]
References
[edit]- ^ "HushHush Jumps On The Daily Deals Bandwagon: Designer Fashion, Interiors, Gardening, Food & Drink". TechCrunch. 21 November 2012.
- ^ "Mark Pearson: Britain's coupon king". Real Business. 7 April 2011.
- ^ a b c "Third time lucky". newbusiness.co.uk. 24 September 2012. Archived from the original on 13 November 2012.
- ^ "Citizen Journalism is alive and well in the UK – Blottr scores Angel investment". TechCrunch. 5 May 2011. Retrieved 6 October 2013.
- ^ a b "The king of discount voucher codes". BBC News. 19 October 2014.
- ^ "Third time lucky - Mark Pearson".
- ^ "Mark Pearson: £300 start-up to £10m turnover". Businesszone.co.uk. 19 August 2011. Retrieved 6 October 2013.
- ^ "'I left school at 16 and sold my business for £55m. Now I want to help other young entrepreneurs'".
- ^ Ahmed, Murad (14 June 2015). "Europe incubates tech's new billion-dollar babies". Financial Times.
- ^ "The story behind Michelle Mone's appointment to board of Ve Global". 22 January 2018.
- ^ Titcomb, James (2 September 2018). "Rescued Ve Interactive to raise £15m as it seek to break even". The Telegraph.
- ^ "Playlists.net Acquired by Warner Music Group". 16 October 2014.
- ^ O'Hear, Steve (May 2015). "After Exiting Markco Media, Mark Pearson Launches New London-Based VC Fund And Startup Studio". TechCrunch.
- ^ Kharpal, Arjun (20 May 2015). "Want to be a VC? All you need is $150". CNBC.
- ^ Barber, Lynsey (19 August 2015). "Andy Murray invests in three British tech startups through Seedrs equity crowdfunding platform - Tossed, Trillenium and Fuel Ventures Fund". City AM.
- ^ "Interview: Entrepreneur Mark Pearson on surrogacy, diversity and working with Gordon Ramsey". 26 September 2014.
- ^ "Hackathon London | Events". EN for Business. Archived from the original on 25 March 2012. Retrieved 6 October 2013.
- ^ Askeland, Erikka (26 November 2012). "People: Giant wood statue gets VisitScotland guests guessing". The Scotsman. Retrieved 6 October 2013.
- ^ "Real Business - Growing Business Awards 2010". Archived from the original on 24 October 2013. Retrieved 2 November 2014.
- ^ [1][dead link ]
- ^ "Mark Pearson: MyVoucherCodes - Startups.co.uk". 10 October 2011.
- ^ "Previous winners of th Digital Entrepreneur of the year awards". www.digital-entrepreneur.co.uk. Archived from the original on 29 July 2010.
- ^ Tripathi, Shruti (16 June 2012). "The interview: Mark Pearson, MyVoucherCodes.co.uk | Features". LondonlovesBusiness.com. Retrieved 6 October 2013.