The Side by Side Partnership has developed a distinct, and we believe unique, profile of providing capital to companies in the specific process of preparing and transitioning from scale-up to large scale commercialisation.
Fewer than one in 10 firms that obtain seed funding in the UK go on to receive later stage fourth round investment”(HM Treasury: Financing growth in innovative firms (Consultation)). In the US, more than twice this number succed in this transition. Why?
The UK Government Industrial Strategy White Paper 2017
We could do better…
building up successful businesses to reach large-scale…
more can be done to ensure businesses reach their full potential.
This critical transition demands changes in the skills and focus of companies and it creates an entirely different organisation with skills that are different to what brought companies through the start-up/scale-up phase. As the data suggests, entrepreneurs are rarely prepared for these fundamental challenges.
At the Side by Side Partnership, we have seen this scenario multiple times, and taken companies through these challenges and changes. Our aim is to apply our specific experience to support companies who wish to make this successful change to a commercial engagement.
Our Later Stage EIS fund, is a ‘high touch’, reward-driven environment for up to eight companies at any one time. We provide access to experienced executives who have successfully led other businesses through this change and will be actively involved in each of these companies in this transition.
The Side by Side Partnership also raises Private Growth Capital through our network of Family Offices. This is for companies who have growth funding demands and have successfully established their commercial credentials. In these private capital larger investments, we look for opportunities where their experience and expertise as business operators can help deploy strategic and other changes to further enhance company growth.
We do not invest where we do not believe we can add material value to a company with our experience.
What our approach means for investors is that we believe the companies we invest in have a significantly greater opportunity of growing into large and successful companies.
An Australian, who moved to the United States in 1987, John co-founded and assembled the team that grew a start-up to a billion-dollars in market cap (formerly on Nasdaq: DRTE) with nearly 3,000 employees. He sponsored and co-founded the New Jersey Technology Council, now with 1,500 entrepreneurs as members, which is aimed at creating an exchange for entrepreneurs’ experiences and ideas. John has personally been investing in early stage companies for many years.
Ben joined the Side by Side Partnership in a series of roles that have taken him from the critical assessment of possible investee companies to the breadth and depth of the private capital due diligence process and the management of Fund companies.
Ben is usually the main contact for all investee companies and is commonly at business functions introducing the Side by Side Partnership to investors and potential investee companies.
Alicia is responsible for Portfolio Development at the SidebySide Partnership and is deeply involved in the early analysis and review of prospective companies. Alicia previously worked within the Specialist Finance and UHNW Discretionary Portfolio Management divisions at Barclays Wealth & Investments, as part of the Graduate Scheme. Alicia has completed Level I of the CFA and also holds the Investment Management Certificate (IMC). Alicia is the initial point of contact for all Investee Companies and helps them through the review and investment process at the SidebySide Partnership.
Sheli is a serial entrepreneur with a passion for taking ideas and bringing them to life, with a focus on software. He began his entrepreneurial journey at the tender age of seven learning the whole lifecycle of door hinge manufacturing in the family business in Nairobi, Kenya, followed by selling school punishment lines at boarding school in the U.K., and ultimately starting, growing, and selling a number of software companies in the USA.
Sheli will be working with the Side by Side Partnerships Portfolio Companies and mentoring them as they grow.
Barbara and her partners at CFPro will support our portfolio companies with a wide range of specific skills in accounting, finance and administration/governance, supplied for short or longer terms as demanded by our fast-growing companies. This ensures that they have the critical, yet constantly changing, repertoire of skills available to step in and guide them over time.
Grant Allen, another One Vision partner, is our specialist in software design and works with teams to help them sell and deliver software. As the early designer of the product that became Google Maps, Grant has worked for many years as a Google resource to guide and direct promising software companies. Grant’s insight into computer support and IT functional structures are critical capabilities that form part of the due diligence we conduct. Grant may stay engaged with the company for its early days post-funding, to guide systems redesign as well as operational and sales structures.
Rodrigo Jesus is a partner at One Vision, another key resource to our team. He is an international serial entrepreneur, with experience primarily in technology, ranging from acquisition to capital raising, strategy, operational development, distribution and exits. He is a key strategic and operational resource to portfolio companies and is part of our review and selection team who make the early decisions to proceed with a company through our full due diligence process and ultimately to the Investment Committee. He will ultimately be a resource to oversee and guide selected teams in our portfolio.
The core team in the UK is also supplemented by a network of specialists
that are brought in to support the companies we invest in, as they are needed.