Ex-investment bankers hatch a plan for apps

YET another duo have thrown in the proverbial banking towel, and gone it alone as entrepreneurs.

Former Summit Partners venture capitalist Rytis Vitkauskas and ex-Goldman Sachs strategist Viktoras Jucikas both quit the City last year to found YPlan, a London-based events app that was designed with time-poor former City colleagues in mind.

The pair, tired of long working hours, told The Capitalist that when they resigned they actually had no idea what they would do next, apart from book a long holiday. Luckily they soon hatched the idea of YPlan, which lets users book tickets to events with a few pushes of the iPhone.

The Capitalist hears that one City worker even used the app to spontaneously get hitched.

However afterwards she lamented: “I wish I’d had more make-up on, but it was good fun.”