Michael Pennington

Michael Pennington

Entrepreneurship Ambassador


Profile

Michael co-founded Gumtree.com in the UK in 1999 and subsequently launched it in a further 10 countries in five continents.

Gumtree is a market leader in the UK, Australia and South Africa. The business was grown via cash flow, taking no venture capital funding. It was acquired from Michael and his co-founder, Simon Crookall, by Ebay.

Michael was responsible for technology, customer services, sales, marketing, PR and international expansion.

Following the sale of Gumtree, Michael and Simon founded Slando, another classifieds business, in 10 other countries. This was later sold to Naspers in 2011.

Michael is an active early-stage angel investor.