Brothers poised for new venture
Published: 30 Aug 2013 15:000 comments
Caspar, Chesney, Courtney and Eugene Algar, from Ascot, are the founders of Moonrent, an online student property website.
The brothers aimed to raise £1,000 towards marketing costs by an online appeal via the Indiegogo website and, thanks to the generosity of donors, managed to exceed their target, raising £1,185.
Moonrent was originally going to launch at both Reading and Loughborough universities. Chesney, 22, has just graduated from Loughborough with a 2.1 in geography and economics.
However, the boys have now decided to focus their energies on Reading.
Moonrent, which will launch on September 28, and the brothers hope to organise a big promotional party for the students to celebrate.
Caspar, 24, who has been running Moonrent full time, will now be joined by Courtney, 18, who has just received his A-level results from Charters School in Sunningdale.
Courtney will take a gap year to help develop the business before going on to study aerospace engineering at Sheffield University. Youngest brother Eugene, 15, will also be on hand to help out.
Caspar said: "It's really exciting, we've never done anything like this before and it's really nice for the four of us to be working together as a family unit. We're thinking of this business in the long term and we want to take it nationwide."
The Algars are now trying to raise money for the launch and are in the process of looking for investors. To find out more, visit www.moonrent.co.uk