Founding director of The Bigger Boat, and shareholding director of Digital High Street
Pretty sure my wife would say her engagement ring! That aside, setting up and growing my first business.
Successful investors possess certain traits, but much is learned on the job. A wise investor is someone who listens to expert advice, calculates risk, and avoids making the same mistake twice.
In businesses, no. Look at the huge popularity of crowdfunding websites – there are tons of opportunities needing investment.
A business that needed both money and expertise – I couldn’t give both and it suffered as a result.
Be clear on your role, responsibilities and ambitions.
Digital businesses and technology companies are still selling for decent multiples. Investing in start-ups is very risky, but it also comes with the potential for a better return.
All the ones that you don’t know anything about!
Define what you want out of it. If you’re going on to a board as part of the investment you need to input time and expertise, as well as money.
Don’t fixate on % shareholding; look at your overall value. If a business needs more money to grow than you can provide, then diluting down is not always a bad thing.
Posted by Dave Learmont on February 27, 2017