FUNDstars & FOUNDstars from NOTWICS

FUNDstars & FOUNDstars from NOTWICS

By Anthony LyallBusiness
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FUNDstars & FOUNDstars from NOTWICS episodes

  • F&F Season 4 Episode 6 - Jonny Laughton and James Codling of Volution VC

    Jonny and James take 30 minutes, to introduce their awesome new London based VC, Volution VC and their unique approach to funding innovative Technology Scale-Ups.

    They are both experienced practitioners of the Private Technology finance space and spotted a gap to fund founders in in the post Series A  / Series B space in Enterprise Software SaaS & Fintech space, with the creation of Volution VC.

    Listen on here to find out more about -

    # Their leading investments so far like Habito and Dead Happy
    # How they structure their bridge to somewhere
    # The metrics founders need to get investment from the team
    # The Post Series A funding environment and the UK regulatory environment
    # They are growing fast and are exited to meet more founders and fellow VC's focused on the Series A/B/C and the gaps in-between this

    Good, snappy little listen - so feel free to reach out to them direct - or contact us to connect you direct to the team - from Notwics.

    31 min
  • F&F Season 4 Episode 5 - Suranga Chandratillake of Balderton

    Suranga Chandratillake, a General Partner at Balderton, in London, is a legend in the world of UK and European VC. So it was great to spend time with one of the biggest players in the world of late stage private Tech, as a record year of UK Tech exits and IPO's drew to a close.

    Prior to Balderton, Suranga led  one of the UK Technology winners of the noughties, Blinkx. Like all great Technology players, it certainly had some ups and downs as both a private and then public Technology business. This experience was pretty formative in developing a number of the approaches Suranga applies in his role as a VC.

    In this episode we discuss:

    # Balderton and what his role and day as a General Partner in a top VC fund consists of
    # Balderton's approach to funds, founders, opportunities and their different funds, including their new £600m Early Stage fund
    # How the UK can continue to evolve its capabilities to home, fund and support global Technology businesses in future, to rival the US
    # The proliferation of digitisation into everything now and even more-so in the future
    # The Metaverse, as everyone's talking about it and trying to work out where to place their bets

    This is just a taster, so please listen and watch on, in this fascinating episode with a real leader in the world of UK late stage private Tech investing.

    Enjoy and see you in 2022.

    35 min
  • F&F Season 4 Episode 4 - Oliver Hammond of Fuel Ventures

    In a punchy, direct episode, we hear from Oli Hammond at Fuel Ventures, one of the fastest growing UK VC investors in the Seed space. Oli is a talented VC and has a super eye for spotting a lot of the latest Tech Gems, in the UK Early Stage space.

    By means of background, Oli joined the fund from Syndicate Room, an interesting Cambridge based investor, whom Chris worked with at Bloomberg, when Oli and the SR attended a lot of the leading showcaser events Notwics delivered there.  Prior to this he cut his teeth in Corporate land, working for Svenska Handelsbanken, which determined life as a "suit" was not for him

    In this episode of FUNDstars and FOUNDstars, Oli tells us about:

    # Fuel and its phenomenal growth
    # The culture and approach of Fuel - with their SEIS and EIS focus
    # Their successes so far and what Fuel are looking for by vertical (especially Travel-Tech!!)
    # How they scout their founders

    And many many more golden nuggets, which help explain why Fuel Ventures is becoming a winner amongst the ebullient Seed funding space in the UK.. listen and watch on ..

    34 min
  • F&F Season 4 Episode 3 - Maria Palma of Kindred Capital

    As it's Thanksgiving Weekend - we only thought it was right to showcase an American VC in this episode, so get ready for this episode with Maria Palma of Kindred Capital and Anthony Lyall, our in house, US team member taking centre stage.

    Maria is a straight-talking, super-bright American based in London with the super edgy Kindred Capital. Kindred are a clever & successful fund, with a unique investment style and razor focus on Deep-Tech & Future Technologies.

    Maria has had a varied and interesting career to date, encompassing roles @ GE, an MBA at Harvard University, a  Start-Up in Bangalore start-up and an AdTech scale-up in New York. After these roles, she turned to investing as a VC with RRE in NYC.

    She's now landed at Kindred Capital at the start of the pandemic and lives in London.  She's a 100 MPH type of lady & in this 40-minute chat,  we cover a heck of a lot, including:

    # Kindred Capital and their unique, successful investment style

    # The trend of inclusivity in the Tech space, with advice given on navigating the right approach to meet VCs in the UK / Europe
    # The trendline that will only increase - of more American VC Werewolves arriving in London - that are investing now in Seed !!

    And I'm not going to tell you everything ... so listen on for many many interesting tips for founders, views on VC, the investment future & more..

    A cracking episode and Happy Thanksgiving to all our American listeners and watchers !!!

    39 min
  • F&F Season 4 Episode 2 - Marc Young of ADG Pref Cap

    We talk today to Marc Young, a skilled artisan in the world of finance, who de-mystifies the arena of debt, an area that most founders look upon with fear, but at ADG Pref Cap, they have a perfectly sensible product and fund, specifically focused on B2B Software start-ups.

    ADG itself is a diversified Asset Management company, which offers a lovely umbrella to the fund, business and regulation.  ADG are looking for:

    # Founders that have identified a niche / area that they can make a difference and attract customers
    # Businesses that are effectively scale-ups, with a healthy MRR, moving towards £100k in the next 12 months
    # Founders that need some smart, growth funding to bridge the gap or provide breathing space till their business is ready for Series A funding
    # Founders that have businesses that are about to scale, rather than scaled!
    # Investing internationally over zoom, with a Dutch business recently taking investment from them, which they've never met Face To Face

    Marc also sheds light on these areas in this 33 minute call:

    # Post pandemic there are more relevant businesses around for them, partly due to better search mechanisms being put in place at Pref Cap, but also the market itself
    # They avoid B2B Fintechs, that fundamentally need a consumer aspect to their scale
    # A whole new generation of verticals are growing, like Rev Tech which is a very interesting growing category, focused on providing CRM tools, to fast growing SaaS scale-ups
    # People or Scouting appears to better for them, rather than using data tools to spot the talent
    # US Software companies are increasingly buying UK built Software businesses..giving angels EIS returns, within 5 years, rather than 10!

    Good fund - helping fill a growing niche in Europe for founders..

    34 min
  • F&F Season 4 Episode 1 - Adam Niewinski of OTB Ventures

    We really enjoyed filming this week's  FUNDstar Vod/Podcast, with the extremely affable, amusing and insightful Adam Niewinski, from leading Series B+ investor, OTB Ventures, in Warsaw.

    Adam takes his time to provide context and background on how he decided venture capital was for him as it was an evolution:

    # Of his early life of travels
    # His career in finance
    # Life as a B2C Fintech & Banking founder around the time of the first Bubble
    # Focus on "Vorpals" and "Clicks and Mortar"
    ... Combined with a love of angel investing.

    Thus he created OTB Ventures in early 90's Poland, to focus on the massive changes in emergent technology opportunities in Central and Eastern Europe.

    This has stood them well over the years and they hit the headlines recently, by leading one of the most successful Series B rounds in the UK, in 2021, with their investment in Fintech O/S.

    When outlining the fund and how they operate - these are some of the key pearls of wisdom:

    # The nature of VC investing and how this spreads the risk
    # He gives the best ever analogy of how the relationship between a VC and Founder should be... like a long road trip over Europe
    # How Investors should be fundamentally hands off
    # The funds focus on CEE, The Baltics and Finland
    # They aren't looking at the business, but the founders from these countries
    # The OTB investments are usually businesses where the founders can be based in the UK/US with R&D in CEE, but scaling globally
    # They really on strong relationships with the Seed Funds in these countries, as well as their analyst
    # Scaling globally from day one is important, a model that is tried and tested in Israel - one founder that is always on a plane to the US / UK and the other founder is managing the R&D
    # Ukrainian and Estonian founders are doing this model en masse currently
    # Series B in CEE is madly competitive

    & its the best time ever to set up a Tech company in the CEE region..

    49 min
  • F&F Season 3 Episode 10 - George Mensah of Angel Co Fund

    George calls in from an office, well a dance studio in Manchester (his office for the day).  He's a good egg and straight-talking Northern man, originally from Sheffield who holds the keys for founders, interested in catching the eyes and ears of ACF investors. who were previously known as AngelCoFund, but re-branded in early 2021.

    The fund has been a hugely successful Seed investor, adopting an approach where they co - invest alongside sector side angels that have domain knowledge of the business.

    Not to give too much away from the Podcast/Vodcast, but their secret recipe has been hugely successful - with one of their investments, Gousto becoming a unicorn and clearly household name in the UK.

    Other FUNDstar gems from the diamond that is George:

    On the sectors -
    # He's hyper interested in Founders wanting to disrupt the Financial Capital Markets
    # The Creator Economy and its tools and software are also big for George - especially in the gaming space
    # The future of food is emerging with the D2C servant economy that continues to evolve and the re-purposing of under-utilised Food spaces

    On the geographical angle -

    # The majority of their investments are in
    # The interest in investing in the regions is growing - with Northern Ireland also building some great Seed businesses

    On the new Technologies -

    # On NFTs - he sees that this technology has massive value in valuing value
    # SPACS and Electrification / Hydrogen comes into the discussion too

    Plus several other excellent tips to help founders succeed ..

    57 min
  • F&F Season 3 Episode 9 - Ronan Finnegan of Spacebands

    Bristol based, Spacebands is one of the few early stage Covid-19 / Tech businesses that Notwics have seen successfully navigate and grow commercially through the Pandemic,

    This has been the result of their product helping Corporations successfully manage the problem of Social Distancing, through a relatively simple, hardware approach.

    The Spacebands wrist device notifies users when they are too close to another user. Sounds simple, but it's very effective and as is often the case with Technology, simplicity sells.

    Today, Spacebands co-founder Ronan Finnegan, takes time out of their somewhat 200 M.P.H days to tell us more about the business here, touching on:

    # Life as a serial entrepreneur at a wise old age of 26 and Spacebands being the latest of many successful ventures, with exits for the others when the passion has fizzled

    # How Spacebands has found a perfect home with key Food Producers, manufacturers, TV producers and industrial businesses around the world, that are key businesses and need to stay open and producing during the pandemic
    # The product has longevity to tackle the next wave of difficulties of workplace safety, not just the consequence of Covid-19
    # Despite being relatively simple software, they are one of the few Health-Tech players that have seen some great success with the NHS, but Ronan is keen to stress it's just one of their customers !
    # How scaling is moving from a 2 man flat to a workspace for 5 people in Bristol @ the excellent Set-squared
    # Awards means scaling, as shown by their recent accolade of being named as one of the top 5 innovative businesses in Bristol !

    So in conclusion ..

    It's an impressive journey  and should Spacebands tickle your fancy then find out more HERE and also if you want to support them - they are currently Crowdfunding on Crowdcube HERE

    47 min
  • F&F Season 3 Episode 8 - Alena Gold of Raptech

    We spotted RapTech many years ago as an early Seed Stage business, named BattleMe, in 2017, when they resided at the leading Telefonica backed accelerator, called Wayra.

    Unusually the business was born by Alena and her brother, who through their childhood in Belarus grew a love of 80's and 90's US hip-hop which they then  combined with their technological expertise.

    Consequently, the Technology and Rap Fame platform enables independent Hip-Hop and Rap artists to showcase their talents directly to the community, which, in turn has led to some artists actually getting recording contracts.

    Additionally since we first met Alena, the business has scaled into becoming a major scale-up, with both a growing content and tech team of 20 people, resulting in being featured as APP of the day in 163 countries, by Apple.

    Balancing this, during the chat, Alena also highlights the stresses of scaling a Technology during  the pandemic and how it's not been plain sailing:

    1/ Zoom fatigue set in several times- where she didn't really enjoy hours of back to back daily calls - without any breaks.
    2/ She also highlights how impersonal her role as a founder has become, like many founders - she's not actually met some of her team face to face, which she really dislikes
    3/ Alena is big on team spirit and is super keen to get her team all back together in the office to bounce of each other and stimulate innovation
    4/ On diversity, Alena highlighted that the gender balance just magically swung towards more women come into the business during Covid, not by any design though, just by consequence and RapTech now has a 50/50 split
    But in general / practical terms - she found doing business successfully in the Pandemic pretty tough - something that the wider Tech press tend to overlook with their extreme focus on mental health !

    Net/Net,

    RapTech is a real success story led by a great Eastern European female founder, based in London who has overcome many challenges from investors and the industry she and her brother has disrupted.

    We hope the podcast provides some useful insight for other founders on how to navigate the UK an US tech ecosystem and globally grow a strong B2C brand and technology business, from the UK.....at the moment.

    54 min
  • F&F Season 3 Episode 7 - Jackie Fast of Sandbox Studios

    We love Jackie as a straight talking, go getting, no holds barred type of VC investor- a real tour de force  and this 40 minute pod shows you just why she is destined to become even more successful with her latest venture, Sandbox Studios.

    Jackie provides great insight and wisdom, whilst explaining more about Sandbox and how they plan to invest globally, from the Los Angeles base.

    Being in LA - Sandbox helps align Jackie's past in the world of sponsorship agencies (where she successfully exited her first business for £multi milion exit). They combine their agency expertise on one side of the business, by matching these celebrities with pre-seed, brand led VC investments.

    So Jackie speaks with authority having been both a founder and investor on these areas...

    1/ Current D2C Trends in brand and consumer preferences

    2/ A focus on stuff that ships well - especially in the US (that Anthony knows called: Babe Rose, White Girl Wasted, Dr Dre & Beats are some of the names discussed
    3/ The difficulty in raising a fund for the first time and trying to raise for what is a next generation fund...combining an agency/brand/celebrity and fund
    4/ Some great tips for founders - that you should dig in and put in the work
    5/ Don't believe the hype of being a co-founder, being a sole founder is great, especially when you exit
    6/ The collaborative nature of VC - which has surprised Jackie
    7/ The increasing influence of NFT's on the brand space
    8/ Her tip to buy Polka Dot - if dabbling in Crypto-currency

    We also skirted around her time in The Apprentice - but Jackie offered to talk about - where she was one of the greatest students of Sir Alan, not to be hired in our opinion.

    However that hiring has fired her onto bigger things, including her latest book on leadership called Rule Breaker..

    A super watch and listen...

    51 min

About FUNDstars & FOUNDstars from NOTWICS

From the publisher's feed

Christopher Lowe and Anthony Lyall interview the very best VCs and also some of the biggest UK Technology Scale-Ups, along with other super-smart leaders in the ecosystem. We hear their stories, tips,…