I love a good entrepreneurial story. Especially when there’s high risk and high reward. So it was great to chat to Alec Lynch from DesignCrowd. Alec threw in his fancy corporate consulting job to found his own startup. He went home to live with his mother and lived on a shoestring budget in order to make his dreams come true. His story inspired this week’s Enterprise post.
These days, it seems that everyone wants to found a startup. However, it takes more than just a smart idea to become the next Facebook or Airbnb. For every Instagram success story there are thousands of failures or entrepreneurial tales that involve struggle, conflict and drama. Startup entrepreneur Alec Lynch, 29, is a typical protagonist on a journey that has all these elements.
Lynch is the founder of DesignCrowd, an online marketplace that connects businesses looking for graphic designers with a talent pool from all over the world. Business owners can crowdsource graphic design projects – ranging from logo creation to ebook design. Last month, Sydney-based Lynch announced a milestone when DesignCrowd hit over 100,000 designers using his service. Over the last year, Lynch experienced a tipping point in his business and says that the demand for crowdsourcing from small businesses has doubled since late 2012. According to Lynch, DesignCrowd has seen more than 50 per cent growth in posted projects already in 2013 and has processed more than $10 million worth of projects since it was founded in January 2008.
While these numbers may seem impressive, they are the result of sheer hard work, blind faith and the occasional lucky break thrown in.
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