Around 19 April, Hoberman and Birch announced the founding of European Founders Capital, initially a £20million fund to increase the availability of early-stage funding in Europe.
Not a great name as Google lists a number of european founders funds.
Birch is an amazing entrepreneur and Hoberman a great front person but will they find it easy to judge entrepreneurs coming their way? VCs are a special breed and not always the best of entrepreneurs.. Not many people can make the transition between VC and entrepreneur and vice-versa.
In my small way, I have lost count of the number of “entrepreneurs” who want to start a business but simply do not want to make the sacrifices nor do they have the skills.
It will be interesting to see if these two excellent entrepreneurs can crossover to the other side and invest. The bigger shortage is not of funds but of entrepreneurs of the ability of these two. Pity that Michael Birch has moved to Silicon Valley and let us hope that he moves to Cambridge soon! We need him! Can we promise him a Birch College?
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at 8:30 am - 21st May 2009 Permalink
Good to link up yesterday at CTC, and thanks for visiting my blog.
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