Cazoo. Chances are you have heard the name; whether that’s from the TV or radio adverts, or the sports sponsorship’s, or even just word of mouth. If you haven’t heard of them, where have you been all this time?
To give you a brief overview, Cazoo is an online platform that allows you to buy and sell cars online. The process is extremely easy and you can have the car delivered to your door, much like you would with your groceries. Cazoo was founded by Alex Chesterman. Alex has his own Wiki Page and has had a lot of success with starting companies.
If you didn’t know, Alex was the founder of LoveFilm, which he then went on to sell to Amazon for £200m (it’s now Amazon Prime TV/Movies). After that, he went on to become the founder of the Property Portal Zoopla, which he then went on to sell to a US private equity firm called Silverlake for £2.2bn. Yes, you read that right, two point two billion pounds.
I met Alex while he was at the helm of Zoopla. I had been working for a company for around 7 years when Zoopla first bought us and integrated us into their group. However since the sale, Alex is no longer at the helm and has of course since moved onto his next venture – which was Cazoo.
He turned Cazoo into one of the most successful “Unicorn” startup there has ever been – valuing the company at over $1bn in the first 6 months. When I say that Alex has the midas touch, I mean it. Everything he touches turns to gold!
The reason I have put my faith into Cazoo is because I know how much effort Alex puts into a company to ensure that it is successful but also to ensure that the end-user (ultimately the people that will be paying Cazoo) get the best experience for the money they will be paying. It’s this combination that just works and makes him a success each and every time.
At the time of posting this, the share price is low and the best time to purchase because in a year, I’ll be writing a follow-up post on how rich it made me… Also, to clarify, this is not an advert. I have not been paid to post this. I am just letting know why I have invested in Cazoo and how much faith I have in the founder. 🚀