The United Kingdom’s public healthcare system faces significant pressure, with long waiting lists of seven million people making headlines. 1.5 million of these patients are waiting for diagnostic tests such as MRI and CT scans, and there is a side to this story that is sometimes overlooked: the diagnostic gap.
I have always liked cracking hard nuts, and disliked bad processes that could be done better. My latest venture TRIVER is going after one of the most complex and poorly addressed financial services need: small businesses’ cash flow management. This is a major issue for the real economy and the society, and I believe it can be solved today leveraging the power of data science and technology.
What have you learnt from the funding of 6 tech startups and have your experiences impacted upon your investment strategy? / As per the ‘hare and tortoise’ fable is being first to market critical as a startup?
My first three start-ups were self-funded and revenue generating very quickly, the fourth was self-funded but nearly broke me as we were too early to market with an e-commerce proposition that retailers weren’t interested in because they thought nobody would buy goods online, my last two ventures have been backed by Angels, VCs and debt. If I do another start up I will fund it personally for as long as I can, if I need external funding I would choose Angels before VCs because there are no pref terms or board seats for Angels and they’re hands-off. I don’t want to carry the burden of debt again as it’s a very expensive overhead for a business to service. At Cushon we had VCs and a debt provider, without them we wouldn’t have achieved what we did, so my above comments are idealistic, sometimes you don’t have the luxury of choice. Timing and cash are two of the most critical factors for a start-up. Get either wrong and it can be a very expensive mistake.
Preventive care is the future of health and social care and a crucial part of equitable care. This means care does not differ in quality regardless of someone’s age, gender, geographical location, cultural background, ethnicity, religion or socioeconomic status. By facilitating activities like data collection and remote monitoring, technology can enable this, improving health outcomes for all.
Hybrid work is the new buzzword in the workplace lexicon, and for good reason. There are plenty of perks to be had from this flexible working arrangement. Employees get to enjoy a better work-life balance, with less time spent commuting and more time spent doing things they love. And then there’s the cost savings for both employees and their employers.
What is unusual about your company and the problem identified?
At SPOKE we have worked out how to engage a young and diverse audience in mental well-being in a way that no other wellness product has been able to do. We work in youth culture with the world’s best artists and as a brand, we are not yogi or clinical, we are instead 100% driven by young creatives.
The future’s so bright I’ve gotta wear shades.
It’s been often commented lately that ChatGPT and Bard and AI in general will render us all useless and redundant. Perhaps, in some dystopian future that might be true, but I’m sensing that we’re some way off and being optimistic, to paraphrase Timbuck 3, “the future’s so bright, I’ve gotta wear shades”. Being serious for a moment, the truth is AI won’t take our jobs, but someone who really know’s how to use AI might.
This is the story about Carmoola’s journey from launch to Series A in only 10 months…
Carmoola launched on the 1st of April 2022. Bringing consumers a cheaper, easier and faster way to finance a used car. And wow, it feels like a lifetime ago. So much has been achieved in less than 10 months. Multiple funding rounds, massive technology build out and thousands of happy customers! All with a very small team of driven, hard working and incredible people.
The story of a ‘broken’ housing market in the UK is not new. The UK housing market has long been plagued by numerous challenges that make homeownership an increasingly distant dream for many.
It’s fair to say consumer fintech has had a tough run of it recently. A sector which was once one of hottest investments in the market was hit by a wave of blows last year – from nose diving valuations to funding drops which saw businesses collapsing at an extraordinary rate. 
