Tagvenue: The venue search engine shaking up the UK events industry

Tagvenue: The venue search engine shaking up the UK events industry
Artur and Maks, the young founders of UK startup Tagvenue, tell us more about their business and share useful advice for other budding entrepreneurs! Who are the founders of Tagvenue and how many people currently make up the team? Tagvenue was founded in 2015 by Maks Kondratjuks and Artur Stepaniak. We’re a team of 11 but are growing fast. Can you tell us a little about your background and education? Maks: In my previous role, I worked in the equity capital markets team at the London Stock Exchange. I graduated from LUMS in 2009 with a degree in business and economics. In 2010 I received a Masters of Finance from the London School of Economics. Artur: Before Tagvenue, I was a derivative trader in London, later moving into self-funded proprietary trading. I studied at LUMS, alongside Maks, and graduated with a degree in business and finance in 2009. I’m a bit of an algorithm geek, and spent my university days trading derivatives in the library. maks, artur, UK startup, startup, entrepreneur, young entrepreneur, venue, tagvenue, venue search engine, innovation What inspired you to create Tagvenue? We created Tagvenue after going through the hassle of venue hire as customers. Even though there are online platforms that help you discover one-of-a-kind vacation rentals or your perfect date, you still need to ring around to find a great venue for an event you’re planning. We realised this didn’t make a lot of sense, which is why we’re working really hard to transform venue hire, making it fast and easy to book fantastic event spaces online. maks, artur, UK startup, startup, entrepreneur, young entrepreneur, venue, tagvenue, venue search engine, innovation Can you tell us more about Tagvenue and how it works? Tagvenue is a fast-growing venue search engine that’s shaking up the UK’s multibillion-pound events industry. We rent out unique spaces for all kinds of events, from last-minute business meetings to world record-breaking media stunts. Our customers can browse the best venues, enquire online 24/7 and compare quotes from their preferred options. Where is Tagvenue currently available? Right now you can use us to find top London event spaces. We plan to bring our solution to at least five of the UK’s other big cities over the coming year. maks, artur, UK startup, startup, entrepreneur, young entrepreneur, venue, tagvenue, venue search engine, innovation Did you receive help from incubators/accelerators before launching? We did work with people who advised us and helped us a lot to shape the company, but we did not work with accelerators. How did you manage to obtain initial funding? Through our professional network. To make the money raising easier, we made it performance based and the initial funding was split into several tranches. Would you recommend starting a business with friends? What are the pros and cons? Pros: You’re comfortable with one another, so you don’t have to tiptoe around issues or worry about political correctness. Having a shared history means you’ve learnt to work together before learning to run a business. Cons: Separating work from your personal relationship can be difficult at times. maks, artur, UK startup, startup, entrepreneur, young entrepreneur, venue, tagvenue, venue search engine, innovation What advice would you like to give to other young entrepreneurs? Choose a co-founder you trust and that you know will stay positive when things don’t go to plan. What are your plans for the future? In three years time, we’d like to be helping our users find venues in every corner of the UK, plus three other international markets. Five years from now, we’d love to be across many markets with a fully scalable product. Thank you Artur and Maks, we wish you the best of luck for the future of Tagvenue. Don't forget to follow Tagvenue on Twitter and Facebook. Are you thinking about taking the leap and creating your own startup? On Wizbii, you can add your project for free, test out your idea and find collaborators.  wizbii