There’s a new way to invest in early stage start-ups across the UK.
Karadoo is an exciting, fresh new online market-place where non-professional investors can buy shares in some of the most promising and fast growing companies around.
As well as featuring many companies, like upmarket handbag and shoe restorer The Restory, twice Michelin starred chef Adam Simmonds’ first solo food venture Simmonds restaurant, and Salcombe Gin, which are eligible for tax breaks for High Net Worth’s via the tax efficient, government endorsed EIS and SEIS schemes, Karadoo is giving investors the chance to speak or meet with founders of all of the companies on their platform.
Registering on the platform allows users to download and browse detailed prospectuses about each of the 30 or so featured companies, which vary in size, scale and ambition to suit every investor’s needs. There are a a diverse range of industry sectors to choose from, from Home of Retro, an online store crammed with iconic and nostalgic products that define the term “retro-trainment”, to internationally syndicated sports TV show Powersnooker, to manufacturing and contracting services vehicle DGM Ventures.
Karadoo co-founder Chris Rose, from Buckinghamshire, has spent a large part of his career negotiating and making deals across different sectors, and has extensive financial experience having held Financial Directorships at Dell and Scottish and Newcastle. He also holds an MBA from Henley Management College.
In Britain, entrepreneurship is booming and the U.K. Is generally regarded as the best place in Europe, if not the world, to launch a company, particularly a digital one. Entrepreneurs, taking advantage of the tier 1 visa aimed at business founders, are flocking to London and spreading to other hubs, from Durham to Brighton.
Unfortunately, not all will be successful and the failure is still high, but that should not deter wannabe investors or “wantrepreneurs”. As strange as it may sound, failure is one of the key ingredients of success. If you haven’t failed, you haven’t really tried.
Platforms like Karadoo, Dreamstake and Force Over Mass are proving to be the perfect antidote to crowdfunding sites which are increasingly coming under fire for their lack of transparency, and accountability, with company founders pivoting and launching new iterations which are a far cry from they product they promised investors – if they are ever launched at all.
The world of entrepreneurs, start-ups, techies and investors can often seem an intimidating one from the outside, but wannabe investors should not be put off. Far from it. From Google Campus to the Makerversity to Brixton’s Impact Hub, Bloomsbury’s Collective Elevator and Whitechapel’s Central Working, everywhere you look there are environments where you can have an open dialogue with company founders, learn the start-up lingo and let your creative juices flow.
So do something exciting this spring – instead of burying your hard earned spare cash at the bottom of a nameless, guileless investment fund run by greedy managers who spend more time thinking about their bonus and hiking charges than they will ever spend evaluating performance of the assets under their control, or under the floorboards, choose a start-up, back an entrepreneur and watch the transformative effect it has on both capital and the country.
Thanks to transparent, user friendly sites like Karadoo, with their focus on promoting open communication and dialogue and knowledge exchange, change is happening across al it’s every business sector you can think of – will you be a part of it?