60 second start-up: Parkatmyhouse.com

0-5 seconds: Sum up your business in a sentence

Parkatmyhouse.com is eBay for residential parking spaces.

5-10 seconds: What's the business model?

Booking commissions, sponsorship and advertising.

10-15 seconds: Who are your competitors?

Parklet.co.uk, yourparkingspace.co.uk

15-20 seconds: What's your USP?

Fully automated sophisticated interface and constantly evolving platform.

20-25 seconds: How have you funded it so far?

Self funded - don't tell my bank manager.

25-30 seconds: What were you doing before?

Training to become a chartered accountant… Zzzzzz

30-35 seconds: Where did the idea come from?

Experiencing parking frustration while in San Francisco

35-40 seconds: What's the smartest thing you've done so far?

Introduced a reliability ratings system to rate users on how promptly they respond to enquiries.

40-45 seconds: What's the stupidest?

Thinking we could use an online dating subscription model.

45-50 seconds: If your business was a biscuit, what would it be?

A Jaffa Cake. We satisfy both cake and biscuit lovers!

50-55 seconds: Which idea are you a bit jealous of?

Facebook - so simple and obvious.

55-60 seconds: Where are you going to be in 12 months' time?

Hopefully sitting on a more comfortable chair!

In association with

NatwestclearActual

If you're interested in a start-up business bank account, contact NatWest to realise your ambitions.

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