Last week in Edinburgh, a select group from Scotland’s entrepreneurial ecosystem was at Hampden & Co, the UK’s first private bank in over quarter of a century, for a panel discussion on accelerating corporate growth.
Alongside venture capital firm Par Equity and the consulting arm of Scottish chartered accountancy firm Anderson, Anderson & Brown, there was some lively debate around the opportunities and challenges facing both the established and fledgling companies on Scotland’s corporate scene.
Par Equity supremo Paul Atkinson, one of the main players in Scotland’s early-stage investment community, said Par’s recent experience out on the coalface is that exit values are quite regularly dented by companies coming up short over what Atkinson described as the “innovation story”.
Jock Millican, Equity Gap director and chairman of LINC Scotland, explained that because most start-ups are constantly evolving their products, that presents something of a moving target for investors like Equity Gap or Par Equity. Shot Scope, a wearable tech start-up tracking the performance of golfers, is an Equity Gap portfolio company whose reiterated product is beginning to make an impact in the US.
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