Investor insights: Introduction to exit preference

Investor insights: Introduction to exit preference

Exit preference – simple in theory   VCs and some angels like to invest with some downside protection or a built-in return. They can do this in various ways. One way is by using exit preference (sometimes called liquidation preference). The concept is pretty simple,...
Dear SaasCo – Preparing for exit

Dear SaasCo – Preparing for exit

Dear SaasCo, As discussed during our investment process, to ensure we are in a position to maximise the shareholder value it is essential that we are properly prepared. Being properly prepared isn’t something which happens in the last few months before we decide to...
One Utility Bill extends funding to £3.3m in the past year

One Utility Bill extends funding to £3.3m in the past year

One Utility Bill, the Newcastle-based business which simplifies the utilities experience for consumers, landlords and letting agents – has raised a further £1.6m. The follow-on investment round was led by incumbent investors DSW Ventures, the venture capital...
Start-up insights: about that last round valuation

Start-up insights: about that last round valuation

“This round is valued at £6m pre-money. That’s because the last round closed at £3m. Back then, it was just me. Now there are two of us.” Back to valuations and pricing. This post is a brief journey around some of the arguments about why venture and angel...