Matt Penneycard is co-Founder at Ada Ventures, a $34m London-based venture capital fund investing in overlooked founders. Ada Ventures launched in December 2019 to shake up the “old boys networks” & unconscious biases that dominate the VC world
With humility & candour, Matt describes:
Ada's desire to invest in founders who are consumed by the need to effect change and create massive ROI
How true early stage VC investing in the UK trails other markets especially the US
The lack funding for und...
Matt Penneycard is co-Founder at Ada Ventures, a $34m London-based venture capital fund investing in overlooked founders. Ada Ventures launched in December 2019 to shake up the “old boys networks” & unconscious biases that dominate the VC world
With humility & candour, Matt describes:
- Ada's desire to invest in founders who are consumed by the need to effect change and create massive ROI
- How true early stage VC investing in the UK trails other markets especially the US
- The lack funding for under-served markets e.g. female-led companies
- The challenges of raising and running your 1st VC fund
- How Ada drives dealflow through a unique network of scouts – these are leaders of diverse tech/startup communities who source deals & receive differentiated incentives
At the end of the podcast Matt proposed Ada Ventures as anchor investor in "Headhunter Ventures" if Gary were to launch his own VC fund;)
For more insights into Ada Ventures check out https://www.adaventures.com & https://medium.com/ada-ventures
And for guidance on hiring leadership talent for startups & scaleups head over to https://alpinasearch.com
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