Читать книгу How To Become A Business Angel - Richard Hargreaves - Страница 15

Successive governments have expressed alarm at the decreasing number of VCs who make smaller investments. To counteract this trend, both the UK government and the European Community have sponsored a wide range of providers of equity capital for young businesses. Often, though, the availability of this capital depends on where a business is based, or is to be based, and the investment focus is often driven by job creation.

The problem with such funds is they are institutional in nature. They can be obsessed with due process – no doubt because they are accountable for the public funds they invest. They thus tend to be slow and bureaucratic. Added to this, almost none of these funds, in my experience, seems to understand how to structure a young company’s balance sheet.