I had the honour to join the judging panel for the Scotedge final at RBS Gogarburn yesterday.
It was an inspiring day and lots of fun to take part in. Most importantly there were fantastic companies that had great ideas they were trying to execute.
Sometimes the first small amount of funding when there are no other traditional sources of finance to turn to are the best.
I personally remember when Ian Ritchie wrote his £20,000 cheque to invest in Orbital Technologies all those years ago. It seemed like the largest amount of money we had ever seen (as an equity investor it probably was!).
The rules around EIS and SEIS have helped business angels invest in companies, most angels invest as part of syndicates which I personally don’t really like.
There is nothing better than the small amount of money and the credibility and invest-ability that a good angel can give a startup company.
It is usually just the beginning of the road – but investment like Edge is a great way to bridge between personal, friend and family funding – and traditional sources like the banks.
Good luck to everyone that won yesterday.Tweet