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Sir Richard Branson has said he would have used crowd-funding to start his Virgin empire if it had existed in the 1960s.

The billionaire entrepreneur, who started the brand selling records, last week invested in the crowdfunding platform Indiegogo.

He told The Telegraph in an interview that he likes how the business is changing the way people think about finance. “Indiegogo is challenging the way we have always raised money,” he said. “It allows people worldwide to get their big ideas off the ground without having to go through gatekeepers who decide who can and can’t raise money.”