In part two of our ‘Open Minded to Closed Ended’ miniseries, Adam chats with entrepreneur turned venture capital investor Tim Levene, CEO of Augmentum. Augmentum Fintech is a London listed Investment Trust targeting fast growing businesses many years before they’re mature enough for public market listings or acquisition. At such an early stage these businesses are often loss-making – how best to decide between today’s cash burners and help them become the future cash flow generators?

With real examples, Adam and Tim explore how the team works alongside budding entrepreneurs, discuss how the large financial incumbents are likely acquirers of fintechs and highlight how, just like with well-known platform ‘Interactive Investor’, successful cash exits are important.