Thomas Jones is a partner at Charlotte Street Capital, an early-stage VC firm in London. He explains how early-stage venture investing differs from late-stage private equity strategy.
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“We don't spend time looking at spreadsheets and projections. We don't spend time looking at potential acquirers or exit plans.”
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More from Thomas Jones
PredictionNot checkable as stated
Retail investors making only a few Crowdcube investments will likely lose money
“So if you're making a couple of early stage investments on Crowdcube, you know, you're probably going to lose your money.”
Thomas JonesFeb 9, 2015▶ 21:2720 VC 011: London's Early Stage Funding Scene with Thomas Jones
Opinion
High tech startup valuations in 2015 are not a bubble
“So I don't think the valuations themselves are symptomatic of a real bubble. Even if I do think they are pretty high.”
Thomas JonesFeb 9, 2015▶ 17:3120 VC 011: London's Early Stage Funding Scene with Thomas Jones
AssertionNot checkable as stated
Late-stage VCs impose aggressive, restrictive terms on companies
“So the later stage VCs will Potentially have quite aggressive agreements with their companies with lots of you know, first rights to any income or to any proceeds at their disposal you know, conditions that the company, tying the company down, what they can do…”
Thomas JonesFeb 9, 2015▶ 9:4020 VC 011: London's Early Stage Funding Scene with Thomas Jones
Opinion
Product culture is stronger in the US, services culture in Europe
“The product culture is stronger in America, and the services culture is stronger in Europe, and in particular in London and the UK.”
Thomas JonesFeb 9, 2015▶ 11:5720 VC 011: London's Early Stage Funding Scene with Thomas Jones
Insight
Early-stage startup valuation is a distraction for investors
“When you're in the early stage worlds which is the really early stage world you know, valuation is, is a bit of a distraction, and probably the right way to think about it, and this is what early stage investors should do, is to first of all say, well, how muc…”
Thomas JonesFeb 9, 2015▶ 17:4820 VC 011: London's Early Stage Funding Scene with Thomas Jones
AssertionSupported
FCA survey shows two-thirds of UK crowdfunding investors lack experience
“I mean, the FCA, which is the regulator here in the UK, they commented on a survey recently, which suggested that I think nearly two thirds of crowdfunding investors admitted they had no previous investing experience.”
Thomas JonesFeb 9, 2015▶ 21:3820 VC 011: London's Early Stage Funding Scene with Thomas Jones
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