Over Part I and Part II, we spoke to 11 of the investors taking part in the event. Preparation, preparation, preparation! Who are Playfair? I love startups that revolutionize old-school industries such as construction, chemicals, machinery manufacturing, agriculture etc. Create as long of a runway as you can to show as much evidence of success as possible. ). How can founders get the opportunity to pitch to Playfair? We recognise that there is no single quick fix for redressing the lack of funding for female founders; we need everyone to play their part (see more below). My colleague Chris has recently written on this subject. Playfair Capital has made 1 investments so far, their most recent investment was on 2022-07-06, when Cauldron Studios raised $6.60M. The people side. We hope that with time, the two will go hand-in-hand. We hope to build on their great work, helping to connect the dots between founders and investors. Its important to set the right objectives for the meeting to make the most out of it, Make your 15 minutes count. This week, were joined by our second group of investors attending Female Founder Office Hours on June 24th, at Ananda Impact Ventures, Edenred Capital Partners, Founders Factory, JOIN Capital, The Side By Side Partnership and The Venture Collective (TVC). Think about how your industry and demand for your product will change post-Covid-19 and adapt your business strategy accordingly. Do your homework on the investors you are meeting if your business isnt in their focus area, what general advice can you get from them? Based in London, Playfair combines the best aspects of angel investing with a focused fund, to invest in truly ambitious founders, wherever they are in the . Female Founders Office Hours aims to create access to capital and build a community of investors for regional female founders. Disruption of the status quo can be good. Collaboration is Queen. Playfair takes a sector-agnostic approach and investments span deep tech, SaaS, marketplaces and B2B companies. We invest in startups based in the US and UK, and we can help with expansion, as well as plugging in portfolio companies to our strong family office network, who can provide a deep amount of follow on capital and network support. Thats why we have always been strong advocates of the power of collaboration. Principal @PlayfairCapital | prev @Cambridge_Uni @BankofAmerica founder @RendezVu_App. can back businesses for the long term). Each team member has specific domain expertise that they bring to our founders spanning sales & marketing, hiring, and commercial and financial strategy. Our Female Founder Office Hours will always include a remote option regardless of global pandemics. Applications open today Wednesday 22nd April and will close at midnight on Sunday 24th May. What is it about the problem that has appealed to them on such a deep level that they are willing to devote years of their life to solving it? ACXIT Capital Partners advises medpex on the trade sale of its e-commerce activities to Zur Rose Group. Increasing the pipeline of female founders has been front of mind for regional capital allocators for several years now, so it is really exciting to see top VCs from the ecosystem collaborate for the first edition of Female Founders Office Hours in MENA. Keep in constant contact with your customers and try to avoid churn at all costs. This time, were going fully remote to broaden access to female founders across the country, supported by Tech Nation and 30 investors from the UKs leading VCs alongside the Playfair Capital team. By stating your objective clearly, you help the other person get in the right frame of mind to be helpful to you. Marie Meslin Allison Byers #femalefounders #venturecapital Lessons from the HustleFounders are People too, Establish the Underpinnings of Business Success, Womens Creative event gives the opportunity for exposure to small businesses, Research the investors ahead of time know which elements will be most important for which investors and highlight those, Come with a specific ask time is limited so pitching is not always the best use of time, instead pick an area on which youd like specific feedback, Not every investor you meet is going to be right for you (and thats okay!) Marie Meslin Allison Byers #femalefounders #venturecapital Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Collaboration is hugely important in working towards improving the stats on funding going to female founders. We have embraced collaboration since Playfair was founded in 2013. About Playfair Capital. Infraspeak is an intelligent maintenance management platform allowing facilities owners, managers, and service providers to achieve super performance on their teams, assets, and resources in one single platform. On Tuesday 26th April, Playfair Capital, Tech Nation and Google for Startups hosted the 7th edition of Female Founder Office Hours. Keep an eye on our blog. Female-led companies still only achieve 1p in every 1 invested in the UK and so Office Hour events like these are crucial to breaking down those barriers and creating opportunities for those teams to be supported by the investment ecosystem. Chris Smith, Managing Partner at Playfair Capital, says, "When we launched Female Founder Office Hours in November 2019, we never imagined that we would be launching a European event in collaboration with such incredible partners like Tech Nation and Google for Startups." I run the Operating function for Superseed Ventures, a corporate venture capital fund owned by Reece Group (ASX:REH). I enjoy discussing the people leading the business and what really motivates them. Follow up after office hours with those investors you click with. In previous editions, over 150 of the world's leading venture capital funds have joined the initiative including Atomico, Balderton, Creandum, Dawn, EQT, Notion, and Sequoia. Le Programme d'Incubation 42 cherche son nouveau stagiaire N'hsitez pas me poser vos questions en MP 42 Start-up Club. This cookie is set by GDPR Cookie Consent plugin. The cookie is used to store the user consent for the cookies in the category "Analytics". Thank you to the Founders Network team at Tech Nation, to all the investors who have supported this and previous editions, and to all the female founders who have and will participate we must all redress this imbalance together. Super excited to be participating again in the Female Founder Office Hours on 10th November 2022, led by Playfair Capital and Global Ventures in Beliebt bei Mihaela Vodenicharova. Join tomorrow (11/29) from 1-3pm. The firm has backed founders of more than 70 companies including Mapillary (acquired by Facebook), CryptoFacilities (acquired by Kraken), Omnipresent, Orca AI, Ravelin, sprout.ai, Thought Machine, Trouva, and Vinehealth, among others. Playfair Capital and Dubai-based Global Ventures have launched 'Female Founder Office Hours' across MENA - with 150 leading venture capital funds hosting virtual mentoring sessions for more than 400 women founders on November 10. For Scale-ups it is important to remember that cash is KING. About Tech Nation Podium StarA pitch event that actually prepares startups for success, Failing To Succeed: Use Design Thinking To Improve Your StrategyDecision Fish: Decide For. Chris Smith, our Managing Partner, commented: Im absolutely thrilled to see our third female founder office hours event come together with the support of Tech Nation and what must be one of the largest groups of VCs ever assembled in one (virtual) room. They were one of the first institutional investors in my previous startup: Ive been on the other side of the table! According to the CoinCarp fundraising database, Playfair Capital has invested in 1 Web3 projects. I understand what its like to negotiate terms with VCs, raise capital, scale a product, hire people. Great ideas can emerge from the most unlikely locations. Amazing combination of Women & Capital *and* Ice Cream! Team: @Fede_r1c0 @charlesworthjc @GTF19 @nathanbenaich. The fact that we are the Venture Capital arm of the Edenred group (a global services and payment platform for people at work, connecting 50m employees, 2m partner merchants, with more than 850,000 corporate clients). Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. If youre raising a seed round, try to raise enough to give you at least an 18 months no-revenue runway. I also love ideas that, on the face of it, seem totally crazy, where the founder has to take me on an intellectual journey to realising that its actually totally feasible. With the world embracing remote working and meetings, we see no reason why geography should be a barrier any longer. You can follow Tech Nation on LinkedIn and Twitter. In the past two years at JOIN, I have seen that some of the most fascinating problems come from these less-than-glamorous industries that have often been overlooked, and its that very lack of attention that makes these industries ripe for opportunity. Used to block unauthorised automated attempts to use the contact form. We like transformational businesses (new behaviour, business model, technology) that are defensible (must-have rather than nice to have). This cookie is set by GDPR Cookie Consent plugin. playfair capital and global ventures have today announced the launch of 'female founder office hours' across mena with 150 of the world's leading venture capital funds, including:. okt. Expect and prepare for lots of direct questions on your business plan (competitive landscape, sales cycles, margins, Series A metrics, churn prevention, hiring, etc. In previous editions, over 150 of the worlds leading venture capital funds have joined the initiative including Atomico, Balderton, Creandum, Dawn, EQT, Notion, and Sequoia. Our third, remote edition of our collaborative Female Founder Investor Office Hours builds on the success of our events in February 2020 and November last year. As a team we like companies that are driven by their own customers needs, as they evolve into high-growth commercial successes. Necessary cookies are absolutely essential for the website to function properly. Safeguarding your existing revenues and customer base while exploring other potential revenue streams can keep you afloat. Presented by Chris is particularly interested in autonomous transportation, business, and industrial automation (especially through AI, ML, and computer vision), Healthtech (except diagnostics and therapeutics) and B2B SaaS. So that's a wrap on the LinkedIn Creator Accelerator that I've been on for the past 6 weeks. The health and morale of your team are critical, so operate with transparency and honesty. The event is being held jointly by Playfair Capital, Tech Nation, and Google for Startups on 6th May 2021. This 6th edition will be our largest office hours initiative to date for women founders. I also enjoy looking at strong consumer businesses for obvious reasons! Last week, we heard from our first group of investors attending Event 2 on June 24th. Dont be shy to enquire for feedback either! Lauren Nicholson, Founders Network Lead at Tech Nation, commented: This is an exciting opportunity for all our female founder Founders Network members and we are delighted to be collaborating with Playfair Capital on such an important initiative. and with what plan (fundraising requirements and current ask). London, England, United Kingdom 1-10 Micro VC, Venture Capital Early Stage Venture, Seed playfaircapital.com 6,266 Highlights Funds 2 Investments 91 Diversity Investments 3 Exits 7 Employee Profiles 6 Contacts 2 If the company has already been funded, we advise to SLOW cash burn. Female Founder Office Hours (FFOH) is one of the largest office hours initiative for women founders in Europe. This is what makes them dare to explore, challenge, persist and push further towards success. Chris Smith is the managing partner at Playfair Capital where he focuses on seed (and pre-seed) deals in the UK, Europe, and Israel. The primary aim of this initiative is mentorship & support, and secondary is fundraising. Playfair Capital | 10,675 followers on LinkedIn. As investors, we recognise the potential for entrepreneurship to improve society, but this will not be fully realised until we achieve real equality in access to startup funding. Ive worked in product for over 20 years so I have to admit I do love a good product vision combined with a smart business model that evolves over time. Beliebt bei Nicolas Tamisier. Adapt your questions to your audience by researching the VC and funds in advance. Prepare your questions and know what you want to get out of the office hours3. Privileged connections should not play a part in your chances of securing investment and building a great business; your strength and passion as a founder and the power of your technology and brand should. The connection of Edenred Capital Partners with the Edenred group and its clients and partners has generated various sales opportunity and operational synergies for our portfolio companies. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. Were proud to announce Female Founders Office Hours: September Workshops Edition where we will be hosting weekly hour-long workshops for women founders to hear about Hiring, Fundraising, Legals and PR from experts in our network and ask any questions they may have. This eighth event is part of an ongoing and long-term commitment to redress the gender imbalance in fundraising and includes expansion to MENA to engage and support the next generation of women founders around the world. We have dedicated full-time teams of specialists across strategic partnerships, growth marketing, brand, product, data science, talent and fundraising, just to name a few, and committed corporate partners from the likes of Aviva, LOral, Reckitt Benckiser, Guardian Media, easyJet, Marks & Spencers, Holtzbrinck Publishing and CSC. We published our teams tips and advice on getting what you want from each meeting, followed by the launch of our Meet the Investors series, where we have been interviewing the VCs attending Female Founder Office Hours over the past several weeks. Based in London, Playfair combines the best aspects of angel investing with a focused fund, to invest in truly ambitious founders, wherever they are in the . We invest from Seed all the way through to Series B from an evergreen EIS fund as well as two Venture Capital Trusts, which means were patient capital and long-term partners to our portfolio companies as we can support them through multiple funding rounds. Collaboration is Queen. 8th September: Legals with Hayley Cross, Taylor Vinters , 15th September: PR with Nick Braund, Words + Pixels , 22nd September: Fundraising with Amelia Armour, Amadeus Capital Partners , 29th September: Hiring with Joe Thornton, Playfair Capital . Edition VIII will be the largest event yet with over 400 women founders and 150 VCs from across the UK, Europe and MENA; Amazing combination of Women & Capital *and* Ice Cream! My favourite part about being a VC is meeting ambitious founders who light up when they talk about their business and ideas. This publication features the articles written by the Playfair Capital team and friends. We will be sharing material over the coming weeks to ensure all founders attending have a chance to get to know the funds and individual investors before their office hours meetings. At Forward Partners were proud of our efforts to revolutionize VC by combining capital with hands-on capability. Team is often one of the only things we have to go off of at the stage we invest so vision around company culture is always an interesting topic. At Playfair, we believe in the power of bringing people together to solve issues and make us all stronger. We welcome applications from any UK-based female founder whose business is tech and pre-Series A. Nobody wants to live in a world in which authorities ban blank white paper. We invest in entrepreneurs building technology companies that rethink the way we live and work | Playfair Capital is an early-stage fund that commits to companies early and with conviction. What is unique about Playfair? Know what you want to get out of each session and clearly state your objective at the start of the meeting. On Thursday 6th May 2021, Playfair Capital and 90 of the world's leading venture capital funds, including Atomico, Creandum, Dawn, Balderton, EQT, Notion, LocalGlobe, Partech and Sequoia will be holding remote office hours for 250+ women founders from across Europe. After 20 years of investing, what I still enjoy is seeing those rare investmentopportunities where the founding team have a real passion for the problem they are attempting to solve, coupled with a deep domain expertise and compelling market dynamics. Applications for Female Founder Office Hours close on Thurs 20th Oct If you're a female founder and would like the opportunity to meet Blueprint is a good example of a recent investment in this area. UK venture capital firm Playfair Capital and national entrepreneurs' network Tech Nation are launching virtual office hours for British female founders with 30 early-stage investors. Be very clear what you want from the session. 'Female Founder Office Hours' launches across MENA - led by Playfair Capital and Global Ventures Press Release September 25, 2022 MENA COUNTRIES Edition VIII will be the largest event yet with over 400 women founders and 150 VCs from across the UK, Europe and MENA Over 480m has been raised by companies attending one of the previous editions These companies give me a real buzz after a first meeting. The journey that made them start their business and the reasons behind it. Advertisement cookies are used to provide visitors with relevant ads and marketing campaigns. Like all founders, I had the wins, losses and everything in between. Some of our impact startups have seen a flurry of activity as the social issues they are tackling are rapidly going up agendas. As Operating Principal, I support the growth of . We welcome applications from any UK-based female founder whose business is tech and pre-Series A. Thank you Elsa Zhang, MPA for sharing the Bo-yi story with World Journal over the weekend! On June 4th we held the third edition of Female Founder Office Hours. On Thursday 6th May 2021, Playfair Capital and 90 of the worlds leading venture capital funds, including Atomico, Creandum, Dawn, Balderton, EQT, Notion, LocalGlobe, Partech and Sequoia spent 270 collective hours meeting and advising women founders. This is more crucial Does not store any user information, used to limit the number of requests that have to be made to google services for analysis. The content of this website is based on information available to CIFE Limited as at the time of editing and accordingly may not remain current. I want to really get to grips with the product, how it works and what customer pain point it is improving. Read on for insights into their investment strategy, what they. I personally enjoy hearing about how the founders balance the hard decisions and celebrate their wins. ); but my core focus is to help companies go to market. Playfair Capital have partnered with TechNation and Google for Startups to bring Edition V of Female Founder Office Hours. (Registered number 13276805) with registered office at 82 Eaton Place, We are proud to have had Georgia Taylor Foster as our former Managing Partner and worked with Francesca Baillieu and Alexandra Baranowski. Were always keen to discuss 1) The problem your business is solving, 2) Why your business will win 3) Your Go-to-Market and Sales strategy which we believe is very important for B2B start-ups (to understand the potential synergistic opportunities with Edenred that can help you grow faster). For scale-ups: be cautious. Report this profile . The cookie is set by the GDPR Cookie Consent plugin and is used to store whether or not user has consented to the use of cookies. My background is in machine learning and consumer tech. I love hearing founders explain why there has never been a better time in history to launch/scale than right now, as well as asking them about the precise moment(s) when they decided to launch their company and why they felt they couldnt wait. We are driven not just by delivering strong financial returns, but by being a force for good and living our values. 2011 Follow us. To this end, we published our teams tips and advice on getting what you want from each meeting a few weeks ago. Hope for the best, plan for the worst. That same year we opened Warner Yard, one of Londons earliest co-working spaces and home to hundreds of founders and investors over the years. We invest because we share each founders passion for their business we love getting hands-on and our fund size is optimised to allow us to spend quality time with each founder. This means that when Im speaking to them Im learning, which is what lifes all about. How should I prepare for the process? Im most excited by big market opportunities, where incumbents have been lazy, failed to innovate/adapt and where the existing customer experience is really poor. This week, were joined by our third group of investors at Bethnal Green Ventures (BGV), Downing Ventures, Mercia and Playfair. Customer feedback? Playfair Capital and Tech Nation are collaborating again to deliver a nationwide female founder office hours event on 5th and 12th November Expecting over 200 female founders and 70 VCs. At the seed stage, it is all about surrounding yourself with the best people to achieve your vision and it is always very interesting to get the founders view on talent whether existing or needed. As Darwin says, the species that survive, arent the strongest but those that adapt, and it is the adapting process that is most important. Appropriate independent advice should be obtained before making any such decision. Accept that the world has changed and there will be cost reductions. So that's a wrap on the LinkedIn Creator Accelerator that I've been on for the past 6 weeks. *This interview has been slightly edited for reading ease. When speaking to founders I really like to dig into their talent strategy and figure out if they really understand the challenges involved in building high performing startup teams. This is mostly done by making them feel something so its the way you tell your story (laughter, sadness) and how you finish the call. These cookies will be stored in your browser only with your consent. A great example is our portfolio company Office App which tailored its solution to play a significant role in the post-Covid office (more info here). You also have the option to opt-out of these cookies. We are a long-term, flexible source of capital and often back companies over multiple rounds right through to exit. Founders typically find the short forms difficult to navigate but I find it to be an effective way to distill what pieces of information they think is most important to bring forward. Playfair Capital was founded by an angel investor in 2013 and we'll never lose that Angel DNA. Blockchain; Reuters; Same advice for Seed vs Series B start-ups. Entrepreneurs whose focus and behaviour is driven by their passionate engagement with the customers are the most enjoyable to work with as investors. We are defined by our angel DNA, being founder-focussed, and seeking and orchestrating collaboration. You can follow the Playfair team on LinkedIn, Twitter, Forbes, Vimeo and here on Medium. I personally gravitate more towards applied AI companies, which we define as solving everyday problems with AI. Last week, we launched Part I of our Meet the Investors series, where we will be interviewing the 30 VCs attending Female Founder Office Hours over five weeks. At the start of this year, we set out the 20 themes were looking for in 2020. Be creative with being lean. This publication features the articles written by the Playfair Capital team and friends. Prepare and do your research in advance. We know that its taking longer than it should to level the playing field for female founders and we hope that by bringing the ecosystem together at scale we can give a big shove in the right direction.. Thanksgiving & Native American Heritage Day: a note from a Native American founder on how to improve the VC eco-system. Yes! However, 87% of the UK does not live in London and we dont think that makes them any less able or investable. The information has not been verified by CIFE Limited and no responsibility is accepted by or on behalf of CIFE Limited for any errors, omissions, or misleading statements. For Series B+ companies, look for opportunities for new partnerships or even small acquisitions that might previously not have been possible. Connor McCreesh | Viral Insta & Pinterest Hacks, Nemocare startupBuilding a stronger neonatal healthcare system in India (CodingTheChange -3(2/2)). Facebook), CryptoFacilities (acq. Founder-driven. The founders meet a mix of local and international investors to receive a diverse perspective on the business they are building and to broaden their network. Ask for advice, feedback, funding, or introductions. Hands-on support: we have an outstanding team that helps companies from strategy, to operations, fundraising and product. Started by the Playfair Capital team in 2019, FFOH has already brought together 1300 founders for 5,230 one-to-one mentoring and pitch meetings with over 150 investors across seven editions to date. Prior to joining Playfair, Chris held senior roles at plan.com including Sales Director, Head of Tech/BI and Head of Product Development. The reality is the exact opposite. To finish the event, weve invited a female founder from our portfolio to deliver a keynote presentation on their journey so far part advice, part inspiration. This event is aimed at Seed and Series A stage women-led startups. We have found that entrepreneurs who worry and think about this are very rewarding to work with. We saw 100 founders and 34 VCs from the UKs leading funds come together for 400 one-on-one office hours meetings. On 24 November 2021, Playfair Capital and 120 of the world's leading venture capital funds, including Accel, Amadeus, Atomico, Balderton, Creandum, EQT, Notion, Partech, Project A and Seedcamp will be holding remote office hours for more than 300 female founders from across Europe. Among all, 100% of Playfair Capital's . I enjoy looking at health tech / med tech businesses because of the science geek in me (I promise I was interested in this sector pre COVID!!). On Thursday 10th November, Playfair Capital, Tech Nation, Google for Startups and Global Ventures will be hosting the 8th edition of Female Founder Office Hours. The high activity for fund was in 2015. This website is provided to give users of this website (Users) information only and is not intended to address any particular requirements. Leave ample time for feedback and questions after your pitch. Revival Lab launches a $40m FinTech VC builder and fund, Silal and DANA Global partner to support UAEs AgriTech entrepreneurs. I get to speak to a lot of mission-driven founders so I always like to hear their personal journey of how they came to start their business. There is one further truth. Included VC is a global venture capital fellowship that gives fellows education and insider access to Europe's top VCs and their portfolio companies. Superseed Ventures invest from seed to series B stages in a range of SaaS, marketplace, fintech & hardware technology startups that are disrupting the way trade industries are run. Take actions to ensure you have at least 1218 months of runway. VCs should be the catalyst to help founders achieve their vision and therefore our true value add has to be more than just how to prepare for the next funding round. Any single investment needs to be able to return the entire fund (just look at the size of their fund to figure out what this means for different firms). The event is being hosted by Playfair Capital, with the support of Dubai-based Global Ventures, Tech Nation, Google for Startups, and Words + Pixels. Three things I learned while planning my small business, Puteri Myrasandri: A Force of Positive Change, From MBA to Entrepreneur Part 1: Shauny Ullman, CBOH, How To Sell Services On The Internet Without Looking Like A Teleshopper, Why you should never outsource to an agency (and when you should). Weve already invested in two fantastic founding teams this year who inbounded us completely cold with expertly crafted messages. This cookie is set by GDPR Cookie Consent plugin. Saloni Bhojwani & Cynthia Nadal, Founders Factory Cynthia Nadal and Saloni Bhojwani, Investors at Founders Factory We invest across multiple sectors AI, FinTech, Beauty, Retail, Travel,. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. Have a goal heading into each meeting and be determined to achieve it, whether its to have a particular question answered, to secure a follow-up meeting, or anything else. It has been pretty full on, especially considering how busy we We will do our best to accommodate as many founders as possible and provide support to all regardless. Nailing down why this opportunity and market matters, what your unfair advantages are, and why youre the right founder to execute on this vision in a succinct message is crucial. Im sure I didnt do everything right in executing my transition, largest ever raise by an all-female founding team from EF with Vinehealth. We invest in entrepreneurs at the earliest possible stage (pre-seed and seed), and our in-house team of developers, designers, marketers and recruiters operationally support them to launch and grow their companies. I also want to discuss why their company is the right one to solve this, and why theyre different to any of the other solutions out there. Ask if it makes sense to follow up and if the business is the right fit/stage to continue conversations. The typical startup value when the investment from Playfair Capital is more than 1 billion dollars. Taking a leap of faith in new business models is always exciting too for impactful businesses. You need to start conversations early, to get momentum and traction. Examples of our portfolio companies are Beamery (a talent operating system), Beekeeper (a communication app for the non-desk workforce), Fretlink (a digital freight forwarder). We are using this principle to address the continuing headwinds for female founders in tech. Most people think hiring is easy and that assessing candidates is an intuitive endeavour. Each team member has specific domain expertise that they bring to our founders spanning sales & marketing, hiring, and commercial and financial strategy. so plan your questions accordingly. Join tomorrow (11/29) from 1-3pm. The cookie is set by GDPR cookie consent to record the user consent for the cookies in the category "Functional". Key value add investors on board?) In previous editions, over 100 of the worlds leading venture capital funds have joined the initiative including Atomico, Balderton, Creandum, Dawn, EQT, Notion, and Sequoia. Be prepared to walk us through your COVID-19 planning, and how you intend to future proof your business. The website, including any content provided by third parties and published on the website, does not constitute any form of advice, recommendation, representation, endorsement or arrangement by CIFE Limited and is not intended to be and should not be relied upon by Users in making (or refraining from making) any specific business, investment or other decisions. How young companies evolve a complex and maturing culture through the expanding demands of all stakeholders separates the good from the great. London may be the financial centre of the UK, but entrepreneurship can come from any corner of it. Any agreements, transactions or other arrangements made between any Users, including with any third parties named on (or linked to from) this website, are at the Users sole risk. Teams that are authentically passionate about their work will out-compete incumbents or better-funded competitors, and theyre incredibly energizing to be around. Everything we do is intended to maximise our positive impact in the ecosystem, especially with first time and underrepresented founders. This publication features the articles written by the Playfair Capital team and friends. In other words, technology thats novel and very difficult to copy. You can follow the Playfair team on LinkedIn, Twitter, Forbes, Vimeo and here on Medium. Marie Meslin Allison Byers #femalefounders #venturecapital. Being a founder really changed my investor mentality. I get excited when I can tell from the 1st meeting that there is deep founder-market-fit and that the team just have this sense of urgency about solving the problem(s) their customers are experiencing. But we are still heading into unknown market conditions so we talk through the following with them: CEOs must treat this crisis very seriously and adjust their cost base. If youre going to pitch leave plenty of time for discussion afterwards, Find a way to resonate and stick in the mind of the investor in a positive way! At the same time, we think that as important as getting in the room is making the most of the opportunity while youre there. You can follow Tech Nation on LinkedIn and Twitter. This cookie is set by the website infrastructure to manage and operate load balancing of the website. Sometimes it turns out that a solution may be a nice-to-have but not an urgent must-have. If your goal is to secure follow up meetings, youll need to make a strong impression in the 15 mins you have with each investor. This time, we're going fully remote to broaden access to female founders across the country, supported by Tech Nation and 30 investors from the UK's leading VCs alongside the Playfair Capital team. Forward Partners runs Office Hours on a monthly basis so we are familiar with these short form meetings. We received so many applications for Female Founder Office Hours that we decided to put on a second event for another 100 female founders, with 30 more VCs joining Playfair Capital and Tech Nation on June 24th. Were hugely excited to be hosting the fully remote edition of Female Founder Office Hours in June and are very much looking forward to meeting the 100 founders. In the lead-up to the event, we have been sharing material to ensure all founders attending (& those not attending!) We aim to only make a small handful of new investments each year, which means that we have the time and resource to dedicate a lot of time to helping founding teams to scale their businesses. Michael Martinez's Post. We hope these office hours continue to encourage collaboration throughout the tech ecosystem. This Playfair Capital works on 26 percentage points less the average amount of lead investments comparing to the other organizations. London, England, SW1X 8AU. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. Please visit our Notion page here for further resources and our blog summarising the event here. Theres no easy answer but our advice has generally been a combination of the following: a) Adapt: make necessary pivots to capitalise on changing demand, b) Make your digital sales/onboarding processes the absolute best they can be, customer experience is more important than ever, c) Try to raise 12 months of runway where possible or find a way to extend what you have, d) When pitching to investors, dont shy away from addressing the changes youve made to your business in order to adapt, this is an opportunity to demonstrate creativity, scrappiness and determination, (We dont invest in scale-ups so cant comment there.). I enjoy getting to the heart of the pain points theyre trying to solve and finding the right solutions. That is why we are hosting collaborative office hours with dozens of other VCs, diversity groups and advocates. Have a clear, concise way of describing your value proposition, Do some research on the funds you may be talking to (not all VC funds are the same!). In the Middle East, we constantly meet unsung heroes, people who build and create change in our countries, people who make money in online casinos. If youre a male founder and would still like to pitch us, please submit your application on our open-to-anyone pitch page. With our industry event series and a network of over 100 partners, were able to connect our portfolio companies with business opportunities that help them reach their target markets and scale in the most efficient way possible. On this edition of our monthly Founders Interviews we host Felipe vila da Costa, Co-founder and CEO of Infraspeak. Join tomorrow (11/29) from 1-3pm. We invest in European Seed and Series A startups. We funded two companies in the past 2 weeks its hard, but deals are getting done. If youre a male founder and would still like to pitch us, please submit your application on our open-to-anyone pitch page. I want to fully understand how their solution is addressing the needs of the market and, most importantly, why it is a better solution than those currently available. We hope these efforts will help level the playing field for all. Female Founder Office Hours (FFOH) was launched in London in 2019, with the aim to break down barriers to investment for female entrepreneurs, notoriously underserved by the global investment community.. On Wednesday 24th November, Playfair Capital will be hosting the 6th edition of Female Founder Office Hours. Early-stage fund Playfair Capital has joint forces with Tech Nation to launch a remote event that will bring together 100 female founders from the UK, connecting them with top investors in a . As some of the other interviewees have pointed out when youre post Series B the advice is very different I dont want to repeat the sage advice already been given. This fund has a focus on Fintech, Energy, Insurtech, Transport & Food. We use cookies to improve your experience of using our Website and better understand how our visitors are using the Website. Weve built up quite a portfolio over the last 10 years and I enjoy seeing how we can map the impact systemically across the portfolio at scale and how each of the companies are reinforcing each others purpose. We hope that with time, the two will go hand-in-hand. Why Sacrifice Today to Live Later, is Bullshit. Sit down with the board to agree an 18-month runway budget still allowing you to achieve annual goals (e.g. The. If youre not a hardware startup, ask yourself if you really must pay for expensive coworking space, or if you can build an all-remote team in the early loss-making stages of your business. We published our teams tips and advice on getting what you want from each meeting a few weeks ago. Used to distinguish users for analytics of website usage. As we are long-term strategic partners, investing over multiple years, we like investments where the founder dreams big and is not looking for a modest quick win.. We were shocked and inspired by these terrible stats to take real action ourselves. if you are a B2B business and sales efforts have been impacted, prioritise product improvements in the meantime to emerge stronger when the market recovers. Suggest edits Founded. The problem they are trying to solve and how. The 8th edition is also part of FFOHs continued expansion to new regions, from Europe to the Middle East and North Africa, and to offer more female founders the opportunity to grow and scale their businesses by supporting them on their fundraising journey. Im currently deep into safety tech, B2B circular economy and interesting fintech approaches that protect our most vulnerable members of society. The cookie is used to store the user consent for the cookies in the category "Other. Series A), Suggest moving team members into key ROI roles, Product focus is key to ensure a competitive edge at the other end of this crisis. The primary aim of this initiative is mentorship & support, and secondary is fundraising. The previous seven editions saw a total of 5,230 individual mentoring sessions, with 1,307 founders and 200 investors taking part. We are also passionate about improving outcomes for younger people and we are driving forward initiatives such as the Playfair Academy to effect real change from the earliest stages. You can follow the Playfair team on LinkedIn, Twitter, Vimeo and here on Medium. If you are working together for a number of years, this really needs to be top of the agenda! You can follow Tech Nation on LinkedIn and Twitter. This event is aimed at Seed and Series A stage women-led startups. If you can, focus on your product rather than active new sales, use this time to engage with your customers to build the best product. At Hambro Perks we focus on fin-tech, health-tech, media, B2B SaaS and consumer tech. Playfair Read More Phone Number: +44 2036979210 Website: www.playfaircapital.com Revenue: Read on for insights into their investment strategy, what they enjoy discussing with founders and their top tips for office hours below: We invest exclusively in ambitious founders using tech to tackle big social and environmental challenges that aim to radically improve millions of lives and protect the planet whilst delivering top-quartile returns to investors. If you would like to meet any of the 30 VCs participating in this remote edition of Female Founder Office Hours, please visit our events page to register until Sunday 24th May. In the lead up to the fully remote edition of Female Founder Office Hours on June 4th, we have been sharing material to ensure all founders attending (& those not attending!) If its B2C or B2B2C, live demos are always good (recommend keeping it short and focusing on key features). All companies should be laser focussed on cash and runway. I am so proud to be a part of this series with other Chinese Youll get slightly different answers each time, and that experience will hopefully give you the confidence not to feel knocked-down in future just because of one VCs opinion. Headquarters London, England Type Partnership Founded 2013 Specialties Venture Capital, Seed Funding, Pre-Seed Funding, Deep Tech, VC, and Angel Investing Locations Primary 8 Warner Yard London,. More than anything I love speaking to founders who are solving problems that I didnt even know existed or operating in markets that I didnt realise are painfully underserved by incumbents. Be agile and listen to the market and your customers on how you should adapt the product for the new environment. They will be hosting virtual mentoring sessions with 150 VCs for over 400 women founders from across MENA, the UK, and Europe onNovember 10, 2022. Actively managing is different from getting passive reports or looking at lagging indicators. Mobility Chris is Managing Partner at Playfair Capital, a Kauffman Fellow (Class 25), a Contributor to Forbes and helped found our D&I initiative - Female Founder Office Hours (FFOH) - in 2019. We hope to build on their great work, helping to connect the dots between founders and investors. If the investor is not fit for the proposal discussed it is never a waste of time to talk through the proposition as the VC community is a small world! If B2B any kind of early user feedback insights also help. The best deals will still get funded, but valuations, round metrics and the availability of finance is different now to pre-COVID . How the founder views their leadership role and their interaction with customers, employees, investors and all wider stakeholders. Our first investor office hours of the year builds on the success of our event in November last year. React quickly to effect change within your business (these are often difficult decisions) and do not underestimate uncertainty businesses that do this well will adapt and excel in difficult macro-environments. Most successful founders will attribute a decent amount of their success to luck and good timing, so I enjoy talking to teams about the macro-conditions as well as personal circumstances that they feel are blowing wind under their wings. This publication features the articles written by the Playfair Capital team and friends. A lack of funding and support for women founders in tech, Barriers to accessing investors, particularly outside of London. Start-ups should double or even triple their expected timeline of meeting key milestones in the business plan. That is why we are hosting collaborative office hours with dozens of other VCs, diversity groups and advocates. So look for people you feel you can work with and read contracts carefully, This is your company, you have the most to win or lose. This was followed by the launch of our Meet the Investors series, where we will be interviewing the 30 VCs attending Female Founder Office Hours over five weeks. The next Female Founder Hour Offices event will be held in May 2021 and we will be opening applications in March 2021. Never before have 30 early-stage VCs come together in such close collaboration to provide this degree of nationwide access and support to female founders. If youre currently fundraising and would like to pitch the investor, then state that your objective is to get to a second meeting with them. If you would like to meet any of the 30 VCs participating in this remote edition of Female Founder Office Hours, please visit our events page to register until Sunday 24th May. You can find full details on how to apply below. After we get to know one another, I like to spend time understanding the market size and opportunity before we dig into the product and solution. We are particularly keen to back diverse founders deploying innovative uses of technology that directly link financial success with direct positive impact for people and planet. We will do our best to accommodate as many founders as possible. Playfair Capital is an early-stage fund backing founders building technology that changes the way people live and work. Have clearly in mind what you would like to get out of the session and dont be afraid to ask for it, Be prepared (have a look at the Edenred Capital Partners and the Edenred group website). If youre a founder, you can register for the free Founders Network programme. Across these two events combined there will be: 200 hours of mentorship, support & pitching, 60+ VC investors from the UKs leading funds. We invest in entrepreneurs building technology companies that rethink the way we live and work | Playfair Capital is an early-stage fund that commits to companies early and with conviction. Thats why we have always been strong advocates of the power of collaboration. Join tomorrow (11/29) from 1-3pm. have a chance to get to know the funds and individual investors before their meetings. We invest from seed stage to Series A-B. They will be hosting virtual mentoring sessions with 150 VCs for over 400 women founders from across MENA, the UK, and Europe on November 10, 2022. We're excited to be participating alongside 150 VCs in the Europe & MENA-wide Female Founder Office Hours on 10th November 2022, led by Playfair Capital and Runway and factors influencing your runway are the most important factors to look at right now. Be nimble and ready to adjust your product offering. We really enjoy digging deep in understanding why the founder is passionate about the problem they are solving, why they are the best person to solve it, and how they see the opportunity evolves over time. This week, we're joined by our third group of investors at Bethnal Green Ventures (BGV), Downing Ventures, Mercia and Playfair. Much has been written on the inequality and challenges for female founders in tech in the UK. I think this advice is true outside of COVID but critical in the current environment. Passionate about making a difference in the lives of children developing their social and . We invest early with conviction and we personalize our support often first institutional cheque in. I also enjoy discussing what makes the product strong and defensible! London playfaircapital.com Joined April 2013 1,116 Following 9,467 Followers Tweets Tweets & replies Media Likes Playfair Capital Retweeted Maddyness UK Leading the largest ever raise by an all-female founding team from EF with Vinehealth also brought these stats to life for us on a personal level and we have been committed to this office hours initiative ever since. Unless its very specialist, I would spend less time on the market opportunity (chances are the investor understands the problem enough to not spend too much time on it) and focus on what you have been doing, how you will achieve your vision, with who (you and your team), what early signals validate your proposition (early trials? You intend to future proof your business invest in European Seed and Series a women-led... 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