Thomas Jones is a partner at Charlotte Street Capital. He outlines the venture firm's annual deployment strategy and incubation approach.
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“We now find ourselves probably actively making five or six investments a year, and also these days, we tend to, we're trying to both lead the investments, or sometimes actually set the businesses up ourselves, because in some cases, we spot a market opportunity, or someone in our network spot to market opportunity, and we help bring that create an opportunity around that by bringing in a team, putting in some funding, and seeing where it goes.”
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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
Disclosure
Charlotte Street Capital ignores spreadsheets and exit plans for early-stage deals
“We don't spend time looking at spreadsheets and projections. We don't spend time looking at potential acquirers or exit plans.”
Thomas JonesFeb 9, 2015▶ 6:0820 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
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