This document provides an introduction to startup fundraising in the UK. It outlines the UK financing landscape for startups, including different funding sources like friends/family/founders (FFF), angels, venture capital (VC), and government programs. It discusses when companies should raise funds, how to prepare including creating a pitch deck and website, how to identify and engage with angel investors, and how to negotiate terms. The goal is to help entrepreneurs understand the fundraising process in the UK startup ecosystem.
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豪华地产 Luxury Realty by Syntesi Housing - Spring/Summer 2018JulienGCullieyrier
Our latest bi-annual release for the Spring/Summer 2018 season.
Read about trends & forecasts in major cities regarding luxury real estate, exclusive interviews and some of our favorite listings worldwide.
Moroccan and Arabian Nights Theme Party IdeasLaura LeRoy
Zohar Productions is an award winning, event planning company based in Scottsdale, AZ with locations in NYC and LA. Our specialty is Moroccan and Arabian Nights themed events. We provide authentic Moroccan tents and decor as well as entertainment, catering, party favors and exotic lighting. Call 800-658-0258 or 602-765-7100. Our web address is www.zoharproductions.com and our email is info@zoharproductions.com.
Moroccan and Arabian Nights Theme Party IdeasLaura LeRoy
Zohar Productions is an award winning, event planning company based in Scottsdale, AZ with locations in NYC and LA. Our specialty is Moroccan and Arabian Nights themed events. We provide authentic Moroccan tents and decor as well as entertainment, catering, party favors and exotic lighting. Call 800-658-0258 or 602-765-7100. Our web address is www.zoharproductions.com and our email is info@zoharproductions.com.
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豪华地产 Luxury Realty by Syntesi Housing - Spring/Summer 2018JulienGCullieyrier
Our latest bi-annual release for the Spring/Summer 2018 season.
Read about trends & forecasts in major cities regarding luxury real estate, exclusive interviews and some of our favorite listings worldwide.
Moroccan and Arabian Nights Theme Party IdeasLaura LeRoy
Zohar Productions is an award winning, event planning company based in Scottsdale, AZ with locations in NYC and LA. Our specialty is Moroccan and Arabian Nights themed events. We provide authentic Moroccan tents and decor as well as entertainment, catering, party favors and exotic lighting. Call 800-658-0258 or 602-765-7100. Our web address is www.zoharproductions.com and our email is info@zoharproductions.com.
Moroccan and Arabian Nights Theme Party IdeasLaura LeRoy
Zohar Productions is an award winning, event planning company based in Scottsdale, AZ with locations in NYC and LA. Our specialty is Moroccan and Arabian Nights themed events. We provide authentic Moroccan tents and decor as well as entertainment, catering, party favors and exotic lighting. Call 800-658-0258 or 602-765-7100. Our web address is www.zoharproductions.com and our email is info@zoharproductions.com.
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In this presentation, Brian Abraham gives an overview of different laws that apply to joint ventures and discusses the difference between corporate and partnership joint venture agreements, as well as fundamental provisions concerning joint ventures.
In this presentation, Brian Abraham gives an overview of different laws that apply to joint ventures and discusses the difference between corporate and partnership joint venture agreements, as well as fundamental provisions concerning joint ventures.
A Brief Overview of the Leading Online Boutiques for Brands Designer Clothes: net-a-porter, asos, shopbop, bluefly, lebazarparisien...
By Olivier de La Mesliere, Leonardo Ventures
This seminar features presentations from sources of grant, debt and equity funding, as well as business support agencies operating in the region. The presentations will be short and sharp giving the delegate a basis for an assessment of which funding stream/funder matches their requirements.
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1. A S h o rt I nt ro d u c t i o n to
S ta rt u p F u n d ra i s i n g
@alliott
2. Octopus Investments
• We back TALENTED TEAMS rather than sectors
• We invest in businesses that can be BIG
• We invest from £100k to £5m
• £3bn FUM (£300m in high risk, fast growth)
• Follow me: @alliott & alliott.co
3. Learning Objectives
• Financing landscape for UK startups
• The UK EIS, SEIS and Angel Co-Fund
• When to raise equity finance
• How to prepare for fundraising
• How to identify Angels
• How to engage with Angels
• How to negotiate with Angels
5. UK Financing Landscape
VALUE
0
FFF ANGELS VCs VCs – Series B VCs – Series C
IDEA PROTOTYPE REVENUE BREAK EVEN GROWTH
6. UK Financing Landscape
VALUE
£50k+ £250k+ £1m £3-5m+ £5-30m+
0
FFF ANGELS VCs VCs – Series B VCs – Series C
IDEA PROTOTYPE REVENUE BREAK EVEN GROWTH
7. UK Financing Landscape
%
EQUITY
VALUE
£50k+ £250k+ £1m £3-5m+ £5-30m+
33%
15%
0
FFF ANGELS VCs VCs – Series B VCs – Series C
IDEA PROTOTYPE REVENUE BREAK EVEN GROWTH
8. UK Financing Landscape
POST
MONEY £250k £1m £4m £12-20m+ £25-120m+
VALUE
%
EQUITY
£50k+ £250k+ £1m £3-5m+ £5-30m+
33%
15%
0
FFF ANGELS VCs VCs – Series B VCs – Series C
IDEA PROTOTYPE REVENUE BREAK EVEN GROWTH
9. Know the UK Angel Landscape
• Enterprise Investment Scheme
– Income Tax Relief?
– Loss Relief?
– Criteria?
• Seed Enterprise Investment Scheme (+++)
• Angel Co-Fund
• Angel Networks (UKBAA)
• Mentor Lists (Accelerators and Incubators)
10. When to Fundraise?
• Every CEO should know three numbers:
– Cash in Bank
– Monthly burn rate
– … [#] of months
• Allow 12 months
• Nominate one person
• Fundraising is a 24/7 activity
• C.f. Paul Graham “Equity Equation”
11. How to prepare for Fundraising
• Website is your Shop Window
– Biographies
– Mission
• Uniform Message
– LinkedIN, Twitter, AngelList, Facebook
• Slide Deck (<10!) (c.f. www.alliott.co)
• Practice, Practice, Practice
12. How to Identify Angels
• You know your first Angels
– ex Boss, Uncle Bob, Room mate Bill
• Act like a Head hunter
– Identify which skills above £££?
– Leverage LinkedIN Pro to create long list
– Ask everyone you meet who they recommend?
• Identify who is investing in competitors
• Reach out to Entrepreneurs
13. How to Engage with Angels
• Most angels do not shout about investments
• Warm introductions critical
• Ask for advice (not money)
• Start relationship EARLY
• Give potential investors gentle, regular updates
• Imbue sense of excitement, mission and fun.
• Be respectful of their time and advice
14. How to Negotiate with Angels
• Set expectations – do not over promise
• Align Interests (e.g. no Anti Dilution, Ratchets)
• Keep it SIMPLE
• Keep it SWIFT :: momentum counts
• Legals: <£3-5k
• Valuation: angels can be exception to 25% rule
15. Resources
• Mark Suster
– “Lines Not Dots”
• Paul Graham
– “Surviving Fundraising”
– “Equity Equation”
• Fred Wilson (AVC.com)
17. Octopus Investments
• We back TALENTED TEAMS rather than sectors
• We invest in businesses that can be BIG
• We invest from £100k to £5m
• £3bn FUM (£300m in high risk, fast growth)
• Follow me: @alliott & alliott.co