Thursday, 24 May 2007

Accessing Collective Thought

Collective Thought is a group of experienced business angels who have built and sold businesses with a total value in excess of £300 million. These angels have a broad range of skills and experiences, and actively seek new opportunities.

Sometimes there is only a small difference between business success and failure, particularly in its early stages. The involvement of the right person, who has been through similar growing pains on more than one occasion themselves, could make all the difference.

So are we consultants? No, because we don't charge fees. Young businesses have to be especially mindful of cash flow, and business angels of this calibre would cost the earth if you had to pay a daily or hourly rate.

Once you have made contact with us, we will set up a meeting with the angels who would seem to best fit your needs. In advance of that meeting, you will provide us with the answers to a limited number of questions, so that we come partly prepared. We meet, probably for 1-2 hours, to discuss your issues and reach some initial conclusions. If it all stops there, the only thing it has cost you is time.

If we continue, then it works like this. We will propose one or more angels to work with your management team as a mentor/non-executive. They will receive equity in return for this input, which ensures that their goals are absolutely aligned with yours - if the business is successful, they make money, if it fails, they make nothing.

How do we decide whether to continue? The decision is based on our assessment of the evidence - is there a scalable opportunity and are you the right people to exploit it, together with softer issues - do we get along, can we work together successfully?

If the answer to all these things are "yes", and most importantly you feel the same way, then let's get on and make your business a success. Contact the collective on info @ collectivethought.co.uk

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