Obama’s entrepreneurship adviser Ken Morse tips Blipfoto as the next $1 billion company
Edinburgh-based picture website Blipfoto has been tipped by Ken Morse, who sits on Barack Obama’s National Advisory Council on Innovation and Entrepreneurship, as on course to become a “$1 billion company.”
Blipfoto was developed in 2004 by chief executive Joe Tree. Acting as a ‘daily photo journal’, it allows users to post a single photograph each day, charging members a fee to use the full website.
In May last year, technology entrepreneur Ian Ritchie joined Blipfoto as chairman while Gareth Williams, founder and chief executive of flight comparison website Skyscanner, has been offering the company advice on its international expansion.
Morse, who has already invested £700,000 into the start-up, was in Edinburgh this week to speak at the Clean Energy Entrepreneurship & Investment conference organised by the Edinburgh Centre for Carbon Innovation.
He said: “Blipfoto is already operating like a $200 million company with Ian as chairman. With Gareth advising them on social media retail, they’re going to start acting like a $500m company.”