Image via WikipediaLysanda raises a second round of funding and Simon Harris, MBA from LBS and the commercial brains, looks like he has launched a second company. I was offered the chance to be an early angel investor but turned the chance down. However with two funding rounds already, I wonder what the Equity Fingerprint, the business plan resource, looks like.
Hats off to Simon who says: “My aim of course is not just to make other people rich but to share in and contribute to their success. My philosophy is therefore to play a significant part in the business, not just to provide funding, and stick with it until it is up and running. It’s horribly risky of course because it means you don’t have the time to do much else, and if it doesn’t work you are older, wiser but poorer. But it seems to me more likely to succeed than angel investing at arm’s length. It’s like betting at Newmarket to win on one race, rather than each way on all the races. But you need to breed the horse, train it and ride it too!
This seems to be working with Quotient and Lysanda, but I need one or two more to be sure of a minimum outcome. Talking of which, I have found some promising technology in the Engineering Lab which I am casting my eye over.”
Third time lucky we hope but I guess this time the valuations will be high in the early stages – will I be invited to the party?
