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Radio 5 Live,2 mins

AO founder claims business started as £1 pub bet

Wake Up to Money

Available for over a year

The boss of £1.5 billion appliance retailer AO.com has claimed his business began as a one pound pub bet. John Roberts launched the firm in August 2000, six months after a friend betted he would never turn his business plan into a reality. The Bolton-based company was floated on the stock exchange last week, making its founder £86 million. Mr Roberts told ÃÛÑ¿´«Ã½ Radio 5 live's Wake Up to Money: "All the best businesses start in pubs." This clip is from March 18 2014.

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