News
30/05/07 Funding round pitfalls
It's good to get all parties to sign heads of terms; it's excellent to see the investors' funds hit your solicitor's client money account; it's fantastic to speak to all parties the night before completion and know (a) that they plan to attend and (b) that they can see nothing stopping them putting pen to paper BUT funding rounds do fail at the last minute, and very often for reasons that were obvious when you apply some hindsight. Hivemind shares some thoughts.
more...24/05/07 Accessing Collective Thought
Welcome to Collective Thought, a group of experienced business people who have built and sold businesses with a total value in excess of £300 million. Members of the Collective have a broad range of skills and experiences, and are actively seeking new opportunities.
more...23/05/07 SFLG: Guaranteeing a good deal for banks, not business
Many small and medium sized businesses (SMEs) will have heard of the Small Firms Loan Guarantee Scheme (SFLG). It is of particular relevance to those businesses, such as those in the “new economy” which have little by way of assets against which to secure a loan. Hivemind vents his fury at the reality of some of these deals, and what it means for the banks and the companies who rely on them.
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