Was having a little bit of a reminisce yesterday evening with a certain Lauretta Roberts, late of this parish, and very pleasant it was too. As part of a discussion that ranged widely, encompassing The Very Hungry Caterpillar and our favourite Print Valentines, we also debated the chances of their being another "David Mitchell" type happening in print. To recap, Mitchell and his colleagues started off in 1996 with £5m of venture capital funding and used it to acquire three printing businesses that were the beginnings of Astron. They carried on acquiring and ten years later Astron was sold to RR Donnelley for a whopping £520m. The timing, in every respect, was pretty much perfect. Mitchell heads a list of notably successful entrepreneurs in our industry who have made millions from print. A more recent example is the sale of Moonpig to Photobox for £120m. Not quite on the Astron-omical scale, but a nice outcome nonetheless for Moonpig founder Nick Jenkins. I wonder if we'll ever see their like again? Perhaps the answer will be found among the current crop of high-tech print-related entrepreneurs, such as Richard Moross at Moo.
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"Sorry to read this, a big name to go down, hopefully a lot of the £1.8M was insured. We are recruiting operational staff & currently in-talks to assist the clients with immediate requirements."
"£1.8m !! Very big numbers indeed."
"Now black really is white. Ditching a product line with all its consequences for customers is now an award winning move. Priceless!"
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