AO founder claims business started as £1 pub bet

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 BBC Radio 5 live's Wake Up to Money: "All the best businesses start in pubs."

This clip is from March 18 2014.