Ten Large Capital have funded over 80 deals in their version of pre VC funding, another twist in the marketplace, but allthesame a great concept that fits right in with ethos that businesses need help ensuring they can remain in business for the long haul. TLC gives an idea 10,000 GBP hence the name Ten large to start the idea pitched. If they spend the 10k well, then they get another round. You can do a lot with 10 Large if you focus your mind and the structure worked, they did sixty, second rounds of funding and listing 18 on ESE, exiting to other funds. By reducing the amount they gave the promoters they focused their minds on value. Crowdfunding not only gives a business all the cash up front but also doesn't have a hand holding structure post the campaign, a factor that worries me. As you will see my articles and findings are all elements of the same premise, "how can we help the craziest of ideas get to market and build a business" The reason I have chosen this video as the example for this post is because its a crazy idea, TLS's idea of some fun and games but with a serious undertone. They are crazy people and they have funded some crazy ideas, they pitch here in the 2 minute video an impossible idea to highlight who they are, what they are about and how approachable the are to out-there business models and concepts. So on one hand they say “be prudent and don’t spend it all at once” on the other hand they say “ We want wild and crazy ideas”
I'm busy working on my blog posts. Watch this space!