PORTFOLIO - EXITED, THEN LIVE below
I've invested in over 55 early stage companies. These are largely made up of deep product technology businesses, reflecting my skills and background.
Please note: If you would like to send me an investment proposition, you must read my investment criteria first before you get in touch.
Exited (with a return for shareholders)
Worksnug: Sold after 5 years, returning a small amount of cash to the investors
Cambridge CMOS Sensors (board observer): Sold with a 3X to 7X multiple to AMS.
The Outside View: Sold with a 1X to 2X multiple to Rightmove plc
Exited (with no return for shareholders)
I have several investment failures. All companies had had one or more rounds of investment and had not proven a good enough product or market fit for investors to continue supporting the loss-making businesses (the comments are my opinions):
Open Frontiers: SaaS front- and back-office software for theme parks. Market adoption stalled. Insolvent closure
Phase Vision: High-end 3D scanning devices using a binocular camera to replace conventional 3D precision measuring machines. Business model (large capex spend) failed. Solvent closure
Lumejet: The LumePress printer range delivered significant cost and quality advantages especially where documents are image intensive or where output quality is key. Possibly too disruptive for a conservative industry. Insolvent closure
Proxly: Was a platform for businesses and developers to build mobile experiences powered by proximity and contextual relevance. Failed to monetise. Solvent closure
Captive Media: Despite building a 100+ portfolio of venues, DOOH (Digital Out of Home) advertising is not yet widely recognised as a medium by the industry. A case of a startup that was too early; spent time/cash in educating the multiple stakeholders between brands and their potential consumers; was probably subscale and thus investors stopped funding. Various exit options were investigated unsuccessfully. Solvent closure