The next Mark Zuckerberg? Jordan Daykin
Advances in technology mean it’s never been easier to be an entrepreneur. Inspired by the success of Facebook founder Mark Zuckerberg, many are still are school when they start building their business. All week we are profiling young 'tech tycoons' who could be the next big thing in tech.
From starting a business selling virtual gold for an online game to securing a £80,000 investment on Dragons’ Den, Jordan Daykin has achieved more than many entrepreneurs do in their lifetime in just eight years – and he’s still only 20.
His first introduction to the business world came when he was just 12 and spending his free time playing an online game named RuneScape.
He was spending a significant chunk amount of his pocket money on buying virtual additions for the game when he had an idea.
“If I bought this virtual gold in bulk from the Chinese sellers, than I could be a reseller,” he recalls.
With the help of YouTube videos, he learnt how to create a website for the business, RS2 Services.
“It was a case of trial and error,” he says. “I was constantly learning from my mistakes.”
He began running the business around his school hours and 12 months later, sold it to a Chinese supplier for £10,000.
The idea for his next business came while he and his grandfather were doing some DIY.
The pair had issues fitting a curtain rail and developed their own plasterboard fixing, GripIt.
Some online research revealed other people had problems attaching basic items to plasterboard walls so he applied for a patent and began a four-year wait for it to be granted in 2012.
He quickly brought the product to market but the teenager’s big break was securing an £80,000 investment from Deborah Meaden on Dragons’ Den.
GripIt more than quadrupled its size in less than 18 months with the support of the investment, has grown its international reach and is now exported to more than 30 countries worldwide, with US and Australian roll-outs in the pipeline.
Although he’s coy on the financial details, Daykin says the company has been recently valued in the region of £10-£15m.
Daykin says there’s no doubt that technology has been a vital aspect of the growth of his companies.
“Technology has been at the forefront of all of my businesses,” he says. “From day one with GripIt especially with the research and develop of the product, and then the marketing and sales.
“My ultimate ambition is to grow GripIt to a global brand by expanding the range, and to help inspire and be in a position to assist other up and coming entrepreneurs.
“It has been very strange and surreal doing things that I never could’ve imagined that I would have been doing.
“It just shows that anyone can do it no matter what - all you have to do is go out and get it.”