All about
the money Global investment jumped by nearly 50% in 2017 Most entrepreneurs depend on outside investment to be successful. Fortunately, investors around the world are seemingly eager to open their chequebooks. In fact, new research from CB Insights, the VC database, has revealed that global funding hit $164bn in 2017, an increase of almost 50%. Additionally, not only are VCs splashing more cash but they are investing in more businesses: the number of deals around the world rose by 11% to 11,042 in 2017 compared to 2016. And European founders have reason to cheer as the annual funding in the continent’s startups totalled $17.6bn across 2,483 deals, respectively up 40% and 16% from 2016. Moreover, Europe’s entrepreneurs have reason to cheer no matter what stage their startups are at: seed-stage funding rose by 24%, earlystage investments jumped by 4% and late-stage funding increased by 16%. And given how European startups are constantly exceeding expectations, these investors are sure to get their money’s worth.
January 26 China Britain Trade Expo 2018 Queen Elizabeth II Conference Centre, Broad Sanctuary, Westminster, London, SW1P 3EE
February 22 The Business Funding Show 2018 East Wintergarden, Canary Wharf, 43 Bank Street, London E14 5NX
February 1 Smart Cities 2018 Chelsea FC, Stamford Bridge, Fulham Road, London, SW6 1HS
March 21 - 22 Internet Retailing Expo National Exhibition Centre, Halls, Marston Green, Birmingham, B40 1NT
March 21 - 22 Cloud Security Expo ExCel Centre, Royal Victoria Dock, 1 Western Gateway, London, E16 1XL March 23 West London Business Show Park Inn, Bath Road, Heathrow, UB7 0DU A full event listing is available on our website.
Shortcut Your Startup, Random House Business Books, £14.99, Out now
ou know that old saying that those who can’t, teach? Well, Courtney and Carter Reum certainly don’t fall into that category. Having first sharpened their business chops working at Goldman Sachs they have since gone on to not only prove their entrepreneurial flair with the alcohol startup VEEV Spirits but also invest in companies like Space X, Lyft and Pinterest. Fortunately, they are eager to share what they’ve learned along the way. Shortcut Your Startup offers budding entrepreneurs a thorough road map from the conception of their company to their exit. Drawing on both their own experience as well as that of other heavy hitters in Silicon Valley, they reveal what it takes for an idea to be viable enough to grow a business from, how to best scale a company and whether or not you are cut out to be an entrepreneur. And the Reum brothers are certainly not afraid of sharing both their accomplishments as well as their failures as long as the reader can learn from them. Fully packed with nuggets on what you can learn from everything from mini-carrots to speedboats, this book is a must-have on every budding business owner’s shelf. JANUARY 2018 ELITEBUSINESSMAGAZINE.CO.UK
Upfront Jan_18.indd 2
9
15/01/2018 19:24