Since the tech business launched last year, Cllr Bhatti has overseen over 100 tech pitches and become a l leading advisor to several tech companies in the UK and abroad #tech.
We asked Cllr Bhatti as a leading UK angel investor what he looks for before investing into any tech business?
I think the following 5 characteristics are important not to say this is all I look for in the start-ups that I invest in:
The business idea – what does it do? Does it solve a problem or not? Competitors/gaps?
The business model – what are the valuations, is it backed by some common sense? What would my returns on my investment look like? Worst and best-case scenario?
Strong Management – having a good idea is great but is there a team that can scale and deliver it? Do the founders have skin in the game?
Dilution/Fundraising – am I going to be diluted excessively, is it SEIS/EIS registered? What’s the cash burn rate and has that cash been used wisely or are you funding just for the sake of it?
- My Exit – how can I exit the business? Is it 3 years EIS hold or do you want me there for longer?