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Funding breakout group

Funding breakout group. Ideafest 3 F ebruary 2012. K ey messages. 1 – Paperwork Too time consuming Differs by funder BUT helps crystallise thoughts Need Better guidance by funder Proactive client exec Good feedback when not successful. K ey messages. 2 – Sources of funding

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Funding breakout group

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  1. Funding breakout group Ideafest 3 February 2012

  2. Key messages 1 – Paperwork • Too time consuming • Differs by funder • BUT helps crystallise thoughts Need • Better guidance by funder • Proactive client exec • Good feedback when not successful

  3. Key messages 2 – Sources of funding • Banks not participating • VCs not joined up by investment stage • Takes time to develop effective ‘angel’ ecosystem Need • Founders to target friends and family • ‘Big bang’ investment from government (£200m)

  4. Key messages 3 – Too risk averse • Entrepreneurs afraid to fail + lose family money • ‘Angel’ Investors don’t understand risk Need • Better appreciation of risk at every level • Angels willing to follow their money • Returning entrepreneurs • Better support structure

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