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Faculty rewards success

Dale Murray CBE told more than 200 guests at the Corporate Finance Faculty’s annual reception, held at the Institute of Directors on Pall Mall: “Failure is highly overrated. I had many opportunities to fail, but I was very lucky that I did not grasp them all”

Dale Murray told gathered advisers, investors, company directors and policymakers how she founded and built Omega Logic into a business that was processing more than £400m of mobile top-ups per annum when it was sold to US-based First Data Corporation. The New Zealander explained how she initially used life savings and money from friends and family to get the business off the ground, and her personal credit card to pay staff wages when it was perilously close to going to the wall. When a VC decided to change the terms at the 11th hour for an offer of £300,000 investment, she took the bold decision and walked away.

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