Founder remuneration

Founders have a dual function. Firstly shareholders, secondly as managers. They need and deserve rewarding in each role. Getting the balance right isn’t easy, especially at the start-up and seed stages. Founder remuneration – the considerations In start-ups and scale-ups, there is never enough money to go around. There just isn’t. Maybe there should be…

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How to write a pitch deck

Start-up insights: How to write a pitch deck – first impressions count A pitch deck is a key part of raising venture capital – it is the first thing an investor will see of your business, and potentially the last if it doesn’t make the cut. DSW Angels’ Eleanor Boardman gives some tips on how entrepreneurs…

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Structuring a deal

Continuing our ongoing series on technical aspects of structuring a venture investment, we’re now going to look at Advanced Subscription Agreements (ASAs) and convertible loans. David Smith sets out why these are popular instruments, and some of their drawbacks. As we refer to the tax environment, note our usual caveat: this post is not tax…

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DSW Angels David Ellie Keith

DSW Angels plan £10m investment in year ahead   DSW Angels is planning £10m of new investment over the next year to help support the post-Covid recovery. The network, which focuses on focused on UK regional scale-up companies, closed its largest investment at the start of the lockdown with a £1.7m funding round for One…

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share options in venture capital deals

This is the second in our short series from DSW Angels on what your choices are in structuring a venture deal, whether as investor or founder. This edition looks at the benefits of creating a cohesive team around the founder or founders, how they should be rewarded, and who pays the cost.  Investors back teams…

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venture capital

This is the first blog in a short series from DSW Angels on structuring a venture deal, whether as investor or founder. The focus of this blog is on leverage and its role in a venture capital funding structure. While we have our own structuring preferences, who’s investing and specific circumstances matter. First principles: what…

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Oneutilitybill

One Utility Bill – which simplifies utility billing for tenants, landlords and letting agents – has raised £1.7m in a funding round led by DSW Angels, the venture capital business of the Dow Schofield Watts group, and including existing investors the North East Innovation Fund, supported by the European Regional Development Fund and managed by…

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Shopblocks l-r Stewart Reynolds, Kevin Jones, Jake Reynolds

Shopblocks – the fast-growing e-commerce platform backed by Dow Schofield Watts Angels (DSW Angels) –  has set its sights on the US market after securing a further £500,000 investment. The business has raised funding from the Greater Manchester Combined Authority’s GM Investment Fund, DSW Angels and members of the management team to support its expansion in…

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