Tuesday, June 19, 2012

Can An Entrepreneur-in-Residence Give A VC That Extra Edge?

interview-with-peter-bance-of-ceres-powerOctopus Ventures, which has been inside a number of early stage tech deals in the UK in recent times, has created a new position of entrepreneur-in-residence and appointed Peter Bance. Bance was formerly Group CEO at fuel cell technology provider, Ceres Power. In this guest post he argues more VCs should have EiRs. Venture capitalists are great financial engineers. What they don?t know about preference shares probably isn?t worth knowing ? and so it should be. Yet it strikes me that this trend for VC houses to be dominated by finance guys is a peculiarly UK and European phenomenon.

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