Investment & Consulting
Hi, I’m Andrew Lockley. I’m looking for ‘boring businesses‘ to help develop
Sector preference : SaaS, eCommerce, marketplaces
Exits : 5, typically MBO, average current valuation >£5M
Current holdings : 10+ active projects
Stage preference : personal investment – first in; fundraising <£2M rounds
Investment type : sweat, initial cash, investment in fundraising process
Skillset: strategy, finance, sales/marketing, UX, CRO
Investment Portfolio and Exits
Facilities management
Partner*
Trade sale; N/APayments processing
Ordinary shares
MBO; trading/expandingVirtual tour
Ordinary shares
MBO; tradingVirtual estate agency
Share option
Option buyback; trading/expandingThe information given is: sector; instrument type, exit type; last known status. Founder shares are marked*
Recent Posts
‘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 […]
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 […]
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 […]
Why you shouldn’t raise money
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 […]
Well someone quite likes my blunt feedback…
Felipe, from spottinstyle.com, wrote this about the work I did for his firm:
“Andrew is an excellent business strategist and has helped us immensely to put our business on the right path to success. He added […]
Investing in boring businesses
Boring is the new interesting. I’m often asked what I’m looking for when I invest, and usually I prefer boring businesses. Whilst it may be very exciting that “everyone’s talking about” a firm that allows […]
