Shoreditched! Cycling in EC1 beats City banking

Gerry Newton founder of Cyclr in London 2012

GERRY NEWTON describes himself as a “timid eccentric”, but at 23 he is running  a small organisation in Tech Hub, the  workspace for technology start-ups at Old Street roundabout in Shoreditch.

He says: “I’m just building a little social bicycle marketplace.” It started as an idea for a blog after a cycling accident kept him at home for three months — “out of negativity comes some positivity,” he quipped to Loving Dalston. But the blog attracted advertising from bicycle-equipment retailers and now he has four staff working with him in Shoreditch. He has also been given some seed capital from Richard Reed, of the Innocent drinks company.

Soon after graduating from Brunel University this year, he embarked on the first funding round for the online marketplace and forum for cyclists that he set up in his second year. It is called Bicycle Basecamp, but he is about to change it to Cyclr.

Newton somehow finds time to involve himself in good causes, volunteering to work at the Olympics. He also formed a partnership with the Bicycle Man, a Clerkenwell bike shop, for which he designed the Foffa BB Speedster road bike. A percentage from every sale goes to Re-Cycle, a charity that collects unwanted bicycles bikes and ships them to impoverished Africans.

He is philosophical about his own misfortune when he came off second best with

To think, he once aimed at being an investment banker. Timid guy, eh?

David Altheer 021012

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