
Angel Insights | Your guide to angel investing
By Angel Insights
Angel Insights is created by SyndicateRoom:
www.syndicateroom.com


25 years of angel investing: hard-won lessons from Simon Blakey

SEIS or EIS? It shouldn’t be a question of one over the other..
On today's episode, we are joined by Aled Phillips, Co-Managing Director at Niche Private Clients, who helps us take an in-depth look at the Seed Enterprise Investment Scheme (SEIS) and Enterprise Investment Scheme (EIS), their similarities, differences, and when they might be right for your investment strategy.
It's a fascinating discussion that we hope you enjoy. Please do leave a comment or question and we'll do our best to reply.

How Deep Blue Biotech is reprogramming bacteria to produce chemicals and eat CO2
In a world searching for sustainable alternatives to fossil fuel-derived products, Deep Blue Biotech – a graduate of climate-tech-focused fund Carbon13’s 2023 Venture Builder programme – is making waves with an innovative approach to chemical production.
Using cyanobacteria – one of the most efficient photosynthetic organisms on the planet – they're developing technology that not only creates valuable chemicals for the personal care industry but removes CO2 from the atmosphere through the process.
Tim Corcoran and Manuel Rios from Deep Blue Biotech sat down with us recently to talk through their groundbreaking work in synthetic biology, their business model, and their vision for a more sustainable future.
Join me, your host, Tom Britton, Partner at SyndicateRoom as we dive into another episode of Antel Insights and explore this incredible startup and the work they are doing.

Moth Drinks: How a single litre of Chai Masala Old Fashioned turned into a global premium ready-to-drink brand.
In the latest episode of Angel Insights, we sat down with Rob Wallis, co-founder of Moth Drinks, a SyndicateRoom portfolio company revolutionizing the ready-to-drink (RTD) cocktail market.
From humble beginnings in a home kitchen to expanding across the Atlantic, Moth has established itself as a premium brand in a rapidly growing category. Here's how they did it.For more information on the Access EIS fund please visit www.syndicateroom.com

Methane: the super warmer gas that everyone's overlooked —and the startup turning it into clean energy
While carbon dioxide (CO2) often dominates climate discussions, methane plays a disproportionately large role in global warming.
"Methane is a bit like the ugly duckling compared to CO2. It's between 28 and 84 times more potent, which means when it's in the atmosphere, it absorbs much more heat."
We had the privilege of speaking with Louise Parlons Bentata, the CEO and co-founder of Bluemethane. The conversation revealed the surprising scale of the methane problem and how Bluemethane is pioneering innovative solutions to tackle it, turning it from a warming agent into a clean energy.
Find out more about the Carbon13 SEIS fund which backed Bluemethane and many companies like it.

How Cocoon is tackling 7% of global carbon emissions
Cocoon was formed through the Carbon13 venture building programme with the desire to tackle the emissions produced by the world's second most consumed good, concrete.
Eliot Brooks, CEO and Co-founder, joins us to share more about Cocoon's journey and how its product uses a byproduct of steel production to reduce emissions in concrete manufacturing.
If you enjoyed the episode please like and subscribe and head to www.syndicateroom.com for more information.
Please note, investing in early-stage companies is risky. Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong.

James Milner, CEO of Wild Hydrogen, on Angel Insights
Join us as we speak all things Hydrogen fuel and climate-tech related with James Milner, CEO of Access portfolio company Wild Hydrogen. Learn how the hydrogen fuels industry has evolved, where it's headed, and why it's such an exciting time to be in the space. Find out more about what we do at www.syndicateroom.com
Find out more about Wild Hydrogen.

David Hickson of Founders Factory on Angel Insights
David Hickson, part of the founding team at Founders Factory, joins us to give a bit of background on Founders Factory and why they are starting a new Pre-seed B2B SaaS programme and fund when so many others thought B2B SaaS was saturated.
To find out more about the fund SyndicateRoom and Founders Factory are building please visit www.syndicateroom.com/founders-factory-seis.
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong.

Hannah Leach and why so many investors get ESG wrong.
Hannah Leach, Partner at Houghton Street Ventures & Co-founder at VentureESG, joins us on this exciting episode of Angel Insights where we delve into ESG and what it really boils down to when it comes to startups and Venture Capital.
In this episode we look beyond the products and services being built to the supply chains, hiring processes, and a whole lot more.
As always, if you'd like to learn more about our fund you can read here about Access EIS and if you'd like more on the tax reliefs offered you can read hear about the Enterprise Investment Scheme.

How to review and choose an EIS fund with Dr. Brian Moretta of Hardman & Co
We had the opportunity to sit down and chat with the incredible Dr. Brian Moretta of Hardman & Co.
Brian is a quant by nature, a former fund manager by past, and a fund analyst and reviewer at present. Not to mention, in his spare time, Brian is a professor at the prestigious Heriot-Watt University.
Brian spends his days picking apart funds (EIS and VCTs) and creating the reports used by wealth advisors and IFAs so it was a privilege to get his take on how to approach reviewing a fund.
Whether you are a first-time EIS fund investor or a seasoned pro, Brian has some great insights to share with you.

From a Magic Pony to Angel Investing with Zehan Wang
What does one do with a PhD in visual processing? Naturally, one would join the entrepreneur first accelerator, launch a machine learning-based visual processing business, sell it to twitter, then work one's way up the Twitter hierarchy before retiring around 30. Then one would turn one's hand to angel investing.
Don't believe me? Listen in to today's guest Zehan Wang as he recounts his tales and all of the lessons he learned along the way which he now applies to his angel investing.
New to angel investing? Check out our guide and learn how to invest in startups.

Addie Pinkster lessons from the city to angel investing
Addie Pinkster is the Founder and Chief Executive of Adelpha, a female-led corporate financial advisor and leading investment network, that specialises in high-quality, fast-growth, UK-focused companies. Prior to that, she spent 15 years in investment banking, most recently as Head of Hedge Fund Strategy at Citi. She is also a NED, and a growth & tech investor.
I got to speak to Addie about her experiences in finance, what matters to her when it comes to choosing companies for investment, and what investors should consider before deciding to invest. It's a great episode and we're delighted to have co-invested with Addie and her team with our Access EIS fund.

Andy Ayim MBE chats Angel Investing and Purpose
Andy Ayim MBE joins us on Angel Insights to discuss all things angel investing and how he finds time to balance family, work, and purpose. From product manager to entrepreneur, to angel investor, and opening his own angel investing school, Andy is on a mission to make the angel investing pool as diverse as the entrepreneurs starting companies. Andy's journey is filled with drive, self-discovery and a number of insights he shares with us in the episode. Always learning, authentic, humble, and a force of nature for good, if you'd like to learn more about Andy do follow him on Twitter, you will not be disappointed by the knowledge he imparts.
More from SyndicateRoom

Srin Madipalli - Lessons from selling Accomable to Airbnb

From Moonpig.com to Dragon's Den, Nick Jenkins talks angel investing

Matt Lerner - Successful companies do things differently

Mac Conwell on what drives Rarebreed Ventures

Sarah Turner on the importance of bringing more women into angel investing

The parallels between Molecular Marine Biology and Angel Investing

Peter Cowley on angel investing and the importance of being coachable

Backing diverse founders with Denzel Walters

Investing in Cleantech with Caroline Halliday

Angel investing lessons learned with Kirsten Connell

Angel investing lessons learned with Simon Thorpe

Angel investing lessons learned with Chris Mairs CBE
We had the chance to sit down with Chris and discuss his incredible experience in both his professional life and angel investing.
In Today’s Episode You Will Learn:
1) The angel investing trends we should look for in 2021
2) Is there appetite for UK startup from external investors?
3) The difference between working with UK/US tech companies
4) The biggest lessons learnt from having a large portfolio
As always, you can learn more about SyndicateRoom here:
www.syndicateroom.com

Angel Investing Lessons Learned with Ros Singleton
In Today’s Episode You Will Learn:
1) How to transition into angel investing
2) Should you always invest in what you know?
3) The red flags to look out for when considering an investment
4) How is Covid-19 affecting the investing space?
As always, you can learn more about SyndicateRoom here:
www.syndicateroom.com

What Is The Difference Between An Institutional Angel Fund & An Angel Network?
In Today’s Show We Discuss:
How did Gale make her way into the angel ecosystem?
What are the fundamental differences between an institutionalised angel fund and a more casual network of angel investors?
What are the most common and biggest mistakes Gale sees when it comes to founders approaching the fundraising process?
What advice does Gale give most often to new angels to the ecosystem?
How do Gale’s return expectations differ from the likes of larger more instituional funds?
Learn more about SyndicateRoom: www.syndicateroom.com

What Happens If The Valuation Is Too High At Angel Stage with Jonathan Hakakian
In Today’s Show We Discuss:
How did Jonathan make his way into the angel ecosystem?
What is Jonathan’s approach to valuation and ownership at such an
early stage? What level of ownership is required to generate the desired Alpha?
What is Jonathan’s return expectations? How does this differ from sector to sector? How does this differ from the $Bn return expectations of large VCs?
How does Jonathan approach team formation? What does he look for in early stage founders and their team?
What Jonathan looks for in his co-investors? What gives him confidence? What makes him nervous?
Learn more about SyndicateRoom: www.syndicateroom.com

The Core Components To Build A Startup Ecosystem with Deb Kemper @ Golden Seeds

How Angels Can Ensure Their Voice Is Heard with Nick Lyth @ Green Angels Syndicate
In Today’s Show We Discuss:
How did Nick make his way into the angel ecosystem?
Why have we seen such a lack of investment in the energy space from the perspective of angels and VCs? What are the inherent investment barriers that need to be overcome?
How has the onboarding process been for Nick in entering the angel environment? What was the biggest shock to Nick in the investment world?
How does Nick ensure that his voice is heard as an angel? What makes a good board member and non-exec director?
What advice would Nick give to other angels starting out in the ecosystem? What should they look to learn and what should they try and avoid?
Learn more about SyndicateRoom: www.syndicateroom.com

How To Make The Successful Transition From Operator To Investor with Thatcher Bell
In Today’s Show We Discuss:
How did Thatcher make his way into the angel ecosystem?
What were Thatcher’s biggest takeaways from his operational experience? How does that lend to his investment role?
Do all investors need to have operational experience? What is required to make the transition from operator to angel?
How does Thatcher look to split his time between portfolio companies? Where does he spend the majority of his time?
When an investment is not working, how does Thatcher convey that to the entrepreneur? What does the feedback process look like?
Learn more about SyndicateRoom: www.syndicateroom.com

Why Having A Flexible Cheque Size Can Help In Early Stage with Meghan Cross @ Red Bear Angels

How To Establish Pattern Recognition Entering Investing with Elizabeth Galbut @ SoGal Ventures

How To Harness An Early Angel Ecosystem with Jon Lerner, Managing Director @ Smedvig Capital
In Today’s Show We Discuss:
What angels really look for in VC partners?
What are the most common elements of contention and disagreement between angels and later stage VCs?
How does Jonathan look to harness the early angel ecosystem to provide him with a strong incoming quality of dealflow?
How does Jon approach valuation and ownership? Does he adopt the Sheryl Sandberg approach of it does not matter where you sit as long as you have a seat on the rocketship?
What would Jon like to see more of in the early stage angel ecosystem in London?
Learn more about SyndicateRoom: www.syndicateroom.com

Why Ideas Are Worthless & It Is All About Execution with Simon Bichara
In Today’s Show We Discuss:
How did Simon’s financial background lend to his role now as an angel?
What elements of a founding team gives Simon confidence?
How does Simon view of the maturation of the early stage investing environment?
Is all money good money? In what cases is dumb money a problem?
How does Simon analyse the current levels of valuation? How does Simon determine valuation at the earliest of stages with no measurable data?
Learn more about SyndicateRoom: www.syndicateroom.com

What Do Investors Want To See In An Investment Opportunity with Fran O'Brien
Today We Discuss:
What is Fran’s preference on founders? Single or co-founder?
How big does a market have to be for it to be an investable proposition?
Does this vary if you are an angel as opposed to a VC?
Is too much dumb money a bad thing for the ecosystem? How can founders optimise for this and avoid potential pitfalls?
What do investors in the platform most like to see in an investment proposition?
What would Fran most like to see change in the early stage funding environment in the UK?
Learn more about SyndicateRoom: www.syndicateroom.com

The Ultimate Investor Resource Kit (Series Highlights)
Discussed In The Show Today:
1.) What is Tim Mills (British Business Bank) morning daily read?
2.) Who does John Spindler (London Co-Investment Fund and Capital Enterprise) say are must follows on Twitter and why?
3.) What does Collette Ballou (Ballou PR) feel are the main benefits of reading fiction? What are here favourites?
4.) What is Tom Britton (Syndicate Room) must read?
Learn more about SyndicateRoom: www.syndicateroom.com

The Ultimate Guide On How To Become An Angel Investor (Series Highlights)
Discussed In The Show Today:
1.) How Tim Mills came into the industry from the world of banking and came to be at The British Business Bank?
2.) What was John Spindler’s start in the angel investing industry and what is his route to where he is today with the London Co-Investment Fund and Capital Enterprise?
3.) How did Dominic Wilson make the transition from the world of property to the world of property tech investing, now being Managing Director @ Pi Labs.
4.) Every startup founder needs a mentor, so when did Jonathan Pfahl appreciate the importance of mentors and being the founding of Rockstar Mentoring?
5.) Like mentoring, all startups need fantastic PR. So how did Colette Ballou, make her way into the world of angel investing from founding one of Europe’s leading startup PR agencies in Ballou PR?
6.) David Rose is a serial entrepreneur, prolific angel investor, Ted Speaker and multiple author, but how did he first become an angel investor?
7.) An appropriate finish, what is the founding story of Syndicate Room from Tom Britton and what was it about the space that made Tom so excited?
Learn more about SyndicateRoom: www.syndicateroom.com

Investing Is All About Brand with Colette Ballou, Founder & President @ Ballou PR
In Today’s Episode with Colette we discuss:
1.) How did Collette make her way into the world of angel investing?
2.) In the proliferation of content for marketing, is a contrarian approach the right way to go for cutting through the noise?
3.) What does Colette make of the increasing personalisation of VCs and angels?
4.) How can investors balance their own personal brand with the brand of their fund?
5.) What does Colette make of the rise of Twitter? To what extent should it be used as a marketing tool? How does Colette react to tweet storms?
Learn more about SyndicateRoom: www.syndicateroom.com
and see Colette's twitter here: www.twitter.com/coletteballou

The Maturation of The Seed Funding Environment with Dominic Wilson @ Pi Labs
Today We Discuss:
How Dominic made his way into the world of early stage investments?
What are the pros and cons of operating in a largely antiquated incumbent heavy industry?
How does Dominic view the early stage angel network in London? How does he look to work with them?
With the rise of tax reliefs, this has spurned many more angels, is this money ‘dumb money’? If so, is all dumb money bad for the ecosystem?
How does Dominic view the wider macro economic effects of Brexit?
What does he predict for both the macro-economy and the wider economy?
As always, you can learn more about SyndicateRoom here: www.syndicateroom.com
and see Dominic's twitter page here: www.twitter.com/Dom7Wilson

Taking A Data Driven Approach To Founder Evaluation with Paul Arnold @ Switch Ventures

What Is A Reasonable IRR For Angel Investors with Tim Mills @ British Business Bank
In Today's Episode You Will Learn:
1.) How Tim made his way into he world of tech and investing?
2.) How Tim has applied his learnings from investing in funds to investing in startups?
3.) What does Tim look for in co-investors? What are the optimal traits that Tim assesses?
4.) How has Tim seen the early stage investing ecosystem evolve and develop over the last 10 years?
5.) What is the English tech environment doing well at and what does it need to improve on?
As always, you can learn more about SyndicateRoom here: www.syndicateroom.com

The Benefits of Mentoring & Why You Should Have One with Jonathan Pfahl @ Rockstar Mentoring
In Today's Show We Discuss:
1.) How Jonathan came to found Rockstar?
2.) Why we should care about mentoring? Is it not just another buzzword? What are the tangible benefits?
3.) Why is it imperative to pay your mentor? Why does this create the incentive in the mentored to pursue the activity with passion and rigour?
4.) What are the important things to remember when starting the process of being mentored? Why is it so important to be goal and data driven from the offset?
5.) How should individuals view the mentor personality fit? What should they look for and what should they be wary of?
As always, you can learn more about SyndicateRoom here: www.syndicateroom.com

How Will Brexit affect London's Tech & Investment Scene with John Spindler @ Capital Enterprise
Today We Discuss:
1.) How John made his way into he world of early stage tech investing?
2.) What does it take to establish a culture of entrepreneurialism and innovation? What comes first, startups or funding?
3.) What further challenges does London face to become the central hub for tech? What can be done to further the progress made in the last few years?
4.) How will Brexit affect the London tech and investing scene? Why is John concerned about the potential of Brexit?
5.) What is the roadmap for John with the London co-investment fund? What is John looking for in potential investments? How has his approach to pattern recognition altered over the last few years?
As always, you can learn more about SyndicateRoom here: www.syndicateroom.com
and John's twitter page here: www.twitter.com/capenterprise

'We specialise in product': The Benefits of Specialisation with Katie Leviten @ Jamjar Investments
As always, you can learn more about SyndicateRoom here: www.syndicateroom.com

Henry Joseph Grant on Lessons From Watching JustEAT Scale & Applying That To Angel Investing
In Today's Episode You Will Learn:
1.) How Henry made his way into the world of Tech and what made Henry want to start angel investing?
2.) What were the main lessons for Henry in watching JustEat scale into hyper growth mode? What did they do right and what did they do wrong?
3.) When comparing Henry's angel investing strategy with other angels in the ecosystem, how does his differ? What does Henry make of hyper aggressive super angels?
4.) How has his time in operations equipped him with the perfect skills to be the strategic advisor to startups? Where do startups most need his help?
Items Mentioned In Today's Show:
Henry's Fave Blog: TechCrunch: Steve O'Hear (http://techcrunch.com/author/steve-ohear/)
Henry's Most Recent Investment: Splittable (https://www.splittable.co)
As always, you can learn more about SyndicateRoom here: www.syndicateroom.com
and see Henry's twitter page here: www.twitter.com/speirin

Syndicate Room's Tom Britton on What Makes A Business Right For Crowdfunding?

Impact Investing and LP Returns Are Not Mutually Exclusive with Orson Stadler @mustardseed
Discussed Today:
1.) How Orson came to be an investor in early stage social impact startups?
2.) Why is there so much skepticism towards the ability for both impact investing and LP returns? How does Orson respond to this?
3.) What needs to change in the public's perception of impact investing? How has crowdfunding affected both the seed and impact investing scene?
4.) How mustardseed look to measure the impact their companies are making? What are the metrics that suggest success?
5.) Where does Orson believe the next wave of impact investing will take place?
Items Mentioned:
Fave Investing Resource: Crowdsurfer
Most Recent Investment: Beulah London (https://www.syndicateroom.com/beulah?tab=0#deal)
As always, you can learn more about SyndicateRoom here: www.syndicateroom.com
and see Orson's twitter page here: www.twitter.com/orson_stadler

The Importance Of Founder/Market Fit with Avin Rabheru, Founder & CEO @ HouseKeep
In Today's Episode You Will Discover:
1.) How did Avin make his way into the world of startup investing? How did Avin’s mindset alter when comparing his angel investments to his VC investments?
2.) How does Avin decide his capital allocation profile? Does he set aside an initial pool of capital and have a set investment range and set portfolio size he is looking to achieve?
3.) How does Avin look to differentiate himself in the ever increasing angel market? What is the value add? Is the brand important for Avin?
4.) How does Avin go about sourcing companies to invest in? Is Avin a hunter? A referrer? What has Avin found to be the optimal process for deal sourcing?
5.) How does Avin approach the due diligence process of the deal? How does Avin look to deep dive into companies and their teams? Founder evaluation is probably the most important skill an angel can have, how does Avin approach this and how has Avin honed this with time?
6.) What are the biggest mistakes and challenges that Avin has made and faced? How did he combat them and learn from them? How did they influence his thesis?
As always, you can learn more about SyndicateRoom here: www.syndicateroom.com
and see Avin's latest tweets here: www.twitter.com/AvinRabheru
