Wefund is a crowd-funding platform for creative projects.
Wefund launched on 5th October 2010 as the first crowd-funding platform to emerge in the UK, focusing on creativity in all forms. We help people find (paying) audiences for their work.
By making patronage into a retail experience, we are creating a new generation of mini-patrons who realise their own collective power. It is our hope that you visit as a consumer, soon become a backer and before too long decide to become a creator yourself. Wefund was founded by Michael Troughton, a lawyer, in response to the new austere reality in arts funding in the UK.
In 2011, wefund won Website of the Year from the Good Web Guide and came second in the Tech Entrepreneurs investment competition. The founder of that competition, film financier, investor and entrepreneur, Martin Warner, joined the company soon after as Chairman.
Our office is in London (Unit 7 Temple Yard, Temple Street, London E2); if you are in the area, drop in and say hello (bring coffee).
Martin is Chairman of Wefund. His day-to-day responsibilities include board governance, external and investor relations, and chairing the Product Design Council.
He is a technology CEO, film & documentary producer, investor and philanthropist. He is currently Chief Executive Officer and co-founder of Talkbiznow, a 'business-to-business network community' platform. He is also Chairman and Founder of Cabo Films, a film equity and financing partnership and independent film production company, where he also is active in film producing and documentary film-making.
Martin recently founded Tech Entrepreneurs Week with the goal of making investment funding available to every tech entrepreneur in the UK. Being a strong vocal advocate for entrepreneurism and technology innovation both in the UK and US, he is currently lobbying the UK government to make London a technology centre for global excellence.
Strategic advisor to early-stage tech companies. Angel investor. Active start-up mentor (Tech City/Springboard, Tech Entrepreneur's Week, Seedcamp London - Jan, Aug & Sept '12, TechMeetups). Focused on building businesses. Board Observer - InfiniLED Ltd. - early-stage European developer of innovative customizable micro-LEDs.
Former CFO/COO of, and investor in, Blueslice Networks, Inc. (Montreal, Canada) - a developer and supplier of next generation core network subscriber data management (SDM) solutions for mobile/VOIP carriers, scalable to tens of millions of subscribers.
As one of four senior managers, led Blueslice from pre-commercial phase through successful high-multiple public company exit.
Board observer/advisor for over five years.
At acquisition, Blueslice was profitable - eight figure revenues at >50% CAGR. Clients included BT and AT&T. Live systems deployed in telecom networks in 15 countries. Employed R&D and support teams > 45 software engineers.
Raised funding, negotiated/managed critical relationships with Global Fortune 50 partners (Alcatel, HP, Ericsson, Starent/Cisco). Extensive operational and client responsibilities.
Led sell-side M&A process resulting in the Company's 2010 acquisition by Tekelec, a US public company. Recognized by Light Reading as one of the best 2010 deals. Blueslice's technology has since gained market share - > 300M subscriber licences sold to Tekelec's global clients, including > 60 Tier 1 carriers.
Previously, VP - Corporate Strategy at AT&T US (top level strategy team). Projects led included: corporate strategic positioning, acquisitions, VC investments, improving mature operations, building new tech businesses. Initially at AT&T Solutions - WAN outsourcing arm (precursor to today's cloud). Led major Japan M&A deal.
Formerly banker with Chase Manhattan and Banque Paribas.
International experience in the US, Canada, Europe and Asia-Pacific. Postings in US, UK, Hong Kong and Canada.
Mike Troughton started his career as a lawyer at Clifford Chance in London and Amsterdam. He then worked for a small renewable energy developer in London before starting wefund, in response to the looming arts cuts. Since then, wefund has grown into the biggest crowdfunding site for creative projects in the UK. Having joined up with Martin and Mike, rebuilt the site and introduced a host of new features, wefund is poised to change arts funding for good. Mike is also the Trustee of Mahogany Opera and a regular public speaker.
Mike is Chief Technology Officer at Wefund. His day-to-day responsibilities include overseeing software engineering, architecture, and technology infrastructure.
He holds a number of other CTO and board level positions for technology companies in e-commerce, advertising, retail, social and app development.
Mike is highly regarded as an applications thought leader and sound practitioner in the field of software architecture and open source methods.
Prior to this, Mike held a variety of management roles in technology management and sales.