Investment Portfolio and Exits

Here's the list of my current portfolio and exits.  Broadly, these go from oldest to newest.  The information given is: sector; instrument type, exit type; last known status.  Founder shares are marked*. Facilities management; partner*; trade sale; N/A Payments processing; ordinary shares; MBO; trading/expanding Virtual tour; ordinary shares; MBO; trading Virtual estate agency; share option; option buyback; trading/expanding Art eCommerce; ordinary shares; ...

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‘Team’ doesn’t matter. Here’s what does.

If you speak to many investors about what’s important, a common response is ‘team’. It’s all about teams, apparently. At best, this is a half-truth – and here's why. At early stage, most investors are shooting in a dark room. They can take a guess at what might work, but that only gets them so far. ...

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What the Wizard of Oz taught me about the Minimum Viable Product

It's not what you do that counts, it's what customers think you do. If you've seen the Wizard of Oz, you'll likely remember the bit where the Wizard's curtain is pulled back to reveal the fact he's doing everything manually. The impression created is, however, totally different. Startups can learn a lot from this ...

Roadmapitis – the virulent disease that could kill your startup

Over the years, I've seen many startups with a case of Roadmapitis. This can be deadly, if not treated in time. Patients usually present with some of the following symptoms: A delusional belief that the tasks on their roadmap are a valid plan for the firm. Fuzzy eyesight, which stops them reading between the lines of customer ...

Why you shouldn’t raise money

blog ladder pic

The picture sums up the problem with so many web businesses that raise money, particularly when they raise too much, too early. The issue is pretty simple – until you know what to do with the resources you obtain, there’s very little to be gained by raising them. I often say that giving money to ...

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