Tom Britton, co-founder and CTO of Syndicate Room, explains the platform's strict screening requirements and low acceptance rate for startups.
0:00 / 0:06exact quote · 6.3s
720p mp4 · rendered on demand · StarZero watermark
“Maybe one in one in 50 would be a best guess. We're able to actually list on the platform, if not more.”
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More from Tom Britton
AssertionSupported
SyndicateRoom requires established lead investors before listing any crowdfunding campaigns
“We operate what we call an investor-led equity crowdfunding model, and what that means is that before any opportunity comes to us and is open to a wider network of investors, there has to be an established lead investor involved who's kicked the tires of the b…”
Tom BrittonMar 30, 2015▶ 3:4020 VC 023: The Recipe for a successful Crowdfunding campaign with Tom Britton
AssertionSupported
SyndicateRoom requires lead investors to fund at least 25% of every deal
“So our minimum is 25% of the deal must be funded by the lead investors, but we've also had deals that have come to us where only 10% of it is still available.”
Tom BrittonMar 30, 2015▶ 5:2720 VC 023: The Recipe for a successful Crowdfunding campaign with Tom Britton
AssertionPartly supported
VCs no longer invest in funding rounds below £5 million
“What we're seeing is that VCs aren't coming in into a round until it reaches a certain size, and that size is getting larger and larger. So, so what A VC would have done a few years ago, five or 10 even, you know, playing in a two million round. Now they won't…”
Tom BrittonMar 30, 2015▶ 7:2320 VC 023: The Recipe for a successful Crowdfunding campaign with Tom Britton
AssertionSupported
NESTA recommends angel investors spend 20 hours on due diligence per deal
“They recommend that Angel should really look at something for about 20 hours before investing.”
Tom BrittonMar 30, 2015▶ 9:2420 VC 023: The Recipe for a successful Crowdfunding campaign with Tom Britton
Disclosure
Half of SyndicateRoom's raised capital comes from its network members
“Yeah it's about half”
Tom BrittonMar 30, 2015▶ 5:1720 VC 023: The Recipe for a successful Crowdfunding campaign with Tom Britton
AssertionSupported
SyndicateRoom's average crowdfunding campaign raise size exceeds £600,000
“And the total average raise is over 600,000 pounds now.”
Tom BrittonMar 30, 2015▶ 5:4320 VC 023: The Recipe for a successful Crowdfunding campaign with Tom Britton
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