SWAIN is a venture capital firm that has invested in 91 deals over 14 years, providing £7.0 million to 67 businesses and a total of £44 million in financing. On average, SWAIN takes an 18.5% stake in deals, which typically value businesses at under £1 million post-investment. About 20% of the businesses SWAIN invests in ultimately fail. The document outlines the typical journey for a business that receives investment from SWAIN, from initially locating a buyer and going through due diligence and legal processes to eventually trading and expanding operations.

1. Investability
29th March 2011
Philip Tellwright
Managing Director SWAIN

2. About SWAIN

3. Deal profile
91 deals (14 deals per year);
67 businesses (64% first round);
£7.0m from SWAIN investors;
£44m total finance;
Ave. Stake 18.5%
Typical post money valuation <£1m
Failure rate approx 20%

4. The journey
Locating buyer, negotiation, due diligence, legals
Trading, expanding, recruiting, replacing…
Action Due diligence, re-negotiation and legals
Interest Morphing, shaping and negotiation
Attention Preparation; plan; business model
Thinking; formulating
Business model
Management
Projections
Copyright SWAIN 2011