Disclosure certainty 2/5 debate potential 1/5

SyndicateRoom accepts 2% or fewer of startup pitch applications

Tom Britton · 20 VC 023: The Recipe for a successful Crowdfunding campaign with Tom Britton · Mar 30, 2015 · at 10:55

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
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“Maybe one in one in 50 would be a best guess. We're able to actually list on the platform, if not more.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Tom Britton

Assertion Supported
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 Britton Mar 30, 2015 ▶ 3:40 20 VC 023: The Recipe for a successful Crowdfunding campaign with Tom Britton
Assertion Supported
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 Britton Mar 30, 2015 ▶ 5:27 20 VC 023: The Recipe for a successful Crowdfunding campaign with Tom Britton
Assertion Partly 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 Britton Mar 30, 2015 ▶ 7:23 20 VC 023: The Recipe for a successful Crowdfunding campaign with Tom Britton
Assertion Supported
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 Britton Mar 30, 2015 ▶ 9:24 20 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 Britton Mar 30, 2015 ▶ 5:17 20 VC 023: The Recipe for a successful Crowdfunding campaign with Tom Britton
Assertion Supported
SyndicateRoom's average crowdfunding campaign raise size exceeds £600,000
“And the total average raise is over 600,000 pounds now.”
Tom Britton Mar 30, 2015 ▶ 5:43 20 VC 023: The Recipe for a successful Crowdfunding campaign with Tom Britton
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