Most angel networks start organically, with the members drawn from a geography or having a particular interest. 24Haymarket has taken a different approach, with a distinct philosophy. We invited its CEO, Paul Tselentis, to discuss what it did and why.
He talks about how 24Haymarket started, with an early focus on experienced private equity professionals. We discuss how the company leveraged these contacts and how it has influenced factors, such as how the network invests at a much later stage than most angel networks. Paul outlines how 24Haymarket has evolved its processes in the light of experience.
We also talk about the membership of the network, the expectations for members in terms of fees and commitment and how it grows. We ask Paul about how he expects it to evolve in the future.
Please email [email protected] if you have any questions or comments on The EIS Navigator.
Never miss an episode – click here to subscribe to The EIS Navigator on most popular services.
Read Hardman & Co’s latest investment research on 24Haymarket funds here.
Visit the 24Haymarket website here.
Bad Blood by John Carreyrou
House of Pain by Patrick Radden Keefe
Paul Tselentis is co-founder and the CEO of 24Haymarket where he has been working for the last eight years. He previously worked in institutional private equity and venture capital at The Carlyle Group and CCMP Capital and began his career at Lehman Brothers in the Investment Banking Division in New York. Paul has a BSc (Hons) degree in Economics from Harvard University.
Disclaimer
Please note this podcast/interview does not constitute a financial promotion and is provided for informational purposes and should not be construed as an invitation or offer to buy or sell any investments. Please be aware that investments into unquoted companies are high risk, long term and illiquid investments. Your capital is at risk. Past performance is not a reliable indicator of future performance. Target returns are not guaranteed and forward looking statements are illustrative only and must not be relied upon. Investors should only invest on the basis of reading the full offer documentation. Listeners must make their own independent decisions and obtain their own independent advice regarding any information, projects, securities, tax treatment or financial instruments mentioned herein.
