Scott Weavers-Wright is a serial entrepreneur. When we had him on last year (Episode 12), we only managed to discuss one of his first exits so we had to get him back for more.
We pick up his story from where we left off, with Scott getting into investing with his business partner Fred. He explains how this led to him first funding the creation of, then running, Elevaate – a platform that allows online stores and brands to manage and monetise product placement.
We discuss the challenges that this brought, many of which were different from his previous business. We consider the need for managing the company prudently when there is money in the bank. We also talk about keeping staff motivated when sales and business are slow to appear and why the company took venture capital funding. Scott also talks about how he raised the company’s profile and how this helped generate interest for an exit.
Finally, we chat about the lessons Scott has learned, include the need for patience and belief, and how he applies these to his investing.
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 Haatch Ventures funds here.
Visit the Haatch Ventures website here.
Visit Scott Weavers-Wright website here.
Scott Weavers-Wright, cofounder & partner at Haatch Ventures, is best known for founding one of Britain’s largest e-commerce businesses, Kiddicare.com, which was subsequently acquired by Morrisons. Reaching sixth on the RetailWeek Power List, Scott is regarded by many as one of the UK’s most innovative business professionals in retail. Founding Haatch, Scott has invested in, and developed businesses in the areas of ad tech, B2B Saas (software as a service) and retail tech within the FMCG market, including Elevaate, founded in 2014, enabling supplier monetisation programs across retailer websites.
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.
