pro.manchester research in the digital, media, creative sector flags up a funding gap of a much lower dimension then the Rowlands Report – £2 million to £10 million for small to medium size enterprises. pro.manchester is floating the idea of the pro.manchester DMC VC Ingenuity fund 1 with a target of £100 million, part of which would be allocated to this area.
The seriousness of the financial difficulties which are engaging public attention is perhaps not fully realised. It may therefore be useful to set out the elementary facts. We are with inky blots and rotten bonds sustained.
The Rowlands report, led by venture capitalist Chris Rowlands, aimed to examine the market for growth capital available to UK small and medium sized enterprises. The report suggested a mezzanine product (not debt, nor equity) would be best suited to fill this gap. It would help address demand side aversion to pure equity, and provide a return above regular bank lending to reward investors. The mezzanine product for students of history is beginning to look remarkably like the high coupon Cumulative Redeemable Preference shares much loved by the ICFC (1945). This was probably the only exotic instrument in town until “Big Bang” in the 1980’s.
Is anyone watching the new prisoner series on ITV? To watch or not to watch, this is the prisoner’s dilemma. The original prisoner’s dilemma is some obscure facet of game theory, bordering on philosophy…..
Occasionally, very occasionally, I am asked “What did you do your PhD in”, “ a pair of jeans and a loose fitting t-shirt” I am inclined to say but usually think better of it…
TweetDeck is a great app, available for desktop, iphone and the iPad. Great application but can be a little addictive. Essential for Twitter users everywhere.
This week the preliminary estimate of GDP in Q1 was released by the Office of National Statistics. The numbers indicated a decline year on year of just 0.3%, this after a fall of 5.9% in the second quarter of 2009.
So what shape are we in, well it’s a pretty conventional broad V with no sign of a W.
This week the preliminary estimate of GDP in Q1 was released by the Office of National Statistics. The numbers indicated a decline year on year of just 0.3%, this after a fall of 5.9% in the second quarter of 2009. So what shape are we in, well it’s a pretty conventional broad V with no sign of a W.
It’s now almost 200 days since I took on the role of Chief Executive and it has been great fun all along the way. This month we publish for the first time our organisation and strategy map. OS mapping is a technique developed for the MBS MBA Strategic Management Module.