Anthony Rose
@anthonyrose
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Founder & CEO SeedLegals, the largest closer of funding rounds in the UK. Now launching in the US. The man behind the BBC iPlayer.
London
Joined August 2008
You're aware that LED lamps are available in a wide range of colour temperatures. You show LED lamps as 6000K, but no sane person would have a 6000K lamp unless they were working in a science lab. You can buy 3000K and 2700K LED lamps readily, problem solved. The dim restaurant photos... they are very likely all warm white or candle style LED bulbs.
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RT @MMaryMcKenna: Great to have @anthonyrose of @seedlegals with us in New York City this evening … sharing his wisdom with our @AwakenHub…
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RT @genemurphy: A big thanks and congrats to Tori. Hanson and amazing event last night the Brits in Tech & Startups - Happy Hour! Check ou…
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@StephNass That explains why startup valuations are higher in the city... sleep less, ship more :-) Exit before it kills you.
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There's a lot of talk in founder chat groups about the Innovate UK Smart Grant programme being shut down by the govt, so some thoughts on that: The starting point has to be that any grant programme with a 2% success rate is fundamentally broken. You would be better off going to the casino and putting your money on 23 red. It's insane. Plus, the total amount of Smart Fund funding available was miniscule - just £25M, compared to £200M raised in SEIS each year and £2B (!) in EIS. And yet the lure of free money led many founders to focus on that hope, wasting time and money pursuing something that was no more likely than you number coming up in roulette. The problem is that a grant with wide entry criteria and tiny pot of money is never going to work. When we launched SeedLegals in Singapore I headed out there to talk to founders, and what I found was really interesting. Founders had pitch decks describing clever deep-tech products... but with no Revenue slide, no Business Plan slide, no commercial thoughts at all. It turns out that in Singapore you readily get lavish govt grants (up to SG$350K, roughly £200K) per company. And so founders rely on govt grants... until their grant runs out and then it's like they're let out of prison, with no idea of how to feed themselves, no idea how to make their business attractive to investors or how to find investors. In contrast, with govt grants few and unreliable, in the UK founders have learned to be scrappy and find investors themselves, leveraging the UK govt's generous SEIS/EIS tax breaks for investors. All of which means, unless you're a university spin-out or working on something that qualifies for very specific grants, getting out there, pitching to investors directly and raising with SeedFASTs is the reality. With that in mind, a video with Claire Macmillan, ex. criminal barrister now pitch deck coach (!) on the art of pitch deck storytelling: and how to find investors using LinkedIn and other outreach methods:
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RT @Eli_Albrecht: As a business law firm specializing in M&A, on average at Albrecht Law we form about 10 entities per week. Until recently…
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Imagine you could own a piece of the next hit album. The artist gets funded, you get a slice of the revenue. Meet music industry legendary @russsheffield from @songbitsfans, bringing the fan economy to music. Don't just listen to a song, own a bit of it. Every day I meet amazing founders on @seedlegals, I love helping them share their story. Drop Russell a note to find out more.
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We all use Eventbrite, Meetup and Luma. Now imagine there's a really clever AI-powered community and events platform that's WAY smarter. Meet James Mayes from Rodeo Global who's developing that next-gen events platform. Every day I meet amazing founders on @seedlegals, I love helping them share their stories.
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Looking to help charities and at the same time increase your customer engagement? Meet Tiffany from who is transforming the way companies engage users by embedding charity giving in their products. Every day I meet amazing founders on @seedlegals, I love helping them share their story.
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Should you raise with SAFEs or do a priced round? It used to be that the only way to raise investment was with a priced round. But lawyers charge a fortune... $50,000 or more, it's insane. So Y Combinator came out with the SAFE, which was an easy way to kick the can down the road. But with @seedlegals now in the US, you can do a priced round from $3,999. This gives you way more optionality. Better for investors (they get shares now), better for founders (no stacked post-money cap dilution to surprise you later). If you're fundraising, DM me, I'd love to help you close your round faster and less expensively.
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