Patrick Bradley: Digital R&D in the Arts Annual Forum
Upcoming SlideShare
Loading in...5
×
 

Patrick Bradley: Digital R&D in the Arts Annual Forum

on

  • 79 views

Patrick Bradley, the managing director for Station 12, presents to importance of backing risk

Patrick Bradley, the managing director for Station 12, presents to importance of backing risk

Statistics

Views

Total Views
79
Views on SlideShare
79
Embed Views
0

Actions

Likes
0
Downloads
0
Comments
0

0 Embeds 0

No embeds

Accessibility

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Patrick Bradley: Digital R&D in the Arts Annual Forum Patrick Bradley: Digital R&D in the Arts Annual Forum Presentation Transcript

  • Backing Risk Patrick Bradley Station 12 3rd July 2014
  • Station 12 • “Spin out” from Ingenious Ventures • All verticals of creative industries • Our approach: Labs – research, innovate, invest Growth – later stage funding
  • Innovation & Risk Define our Terms: Innovation • Change, create, find a new solution to resolve an obstacle • “Original”, new ideas, creativity Risk • Danger, peril, exposure to danger • Proximity • Fear of failure or opportunity? • Perceptions • Flying is dangerous – Alcock & Brown View slide
  • Who Is Taking Risk? • All of us! Life is uncertain • Entrepreneurs, pioneers, explorers • “Disruption”, fracture • Why risky - risk of failure, lack of capital, tech doesn’t work • Gradations of risk: “High” “Low” View slide
  • Who Is Backing Risk? • Governments, banks, investors - gradations of “risk” ‒ Policy imperatives ‒ “No risk” banking ‒ Investors “quantified risk” • Incentives to take risk – Greed – Profit – Fiscal structures, SEIS, EIS, VCT, Entrepreneur’s relief, tax credits
  • Managing Risk • Evaluation of potential outcome of a proposed activity • Markets, people, structures, luck • Research – size, players, barriers, knowledge • People – track record, passion, vision, team • Structures – equity, debt • Portfolio theories • Cut and run • Luck – special sauce
  • My Experience • Uncertainty is impossible to foresee • Tech applications: binary outcomes – motion sensors • Content outcomes: 19/ Pop Idol • “No-one knows anything” – but people count!
  • “Is Risk Now Good?” • Change means growth? • Creating new abundance – sharing resources, intelligent data, replenishment • Challenges of the Global Market • Death by accountancy • Entrepreneurs are cool
  • Conclusion • Risk & Innovation – key to a healthy economy and democracy • Education & Culture • Back innovators, spread the risk, seek the upside