It’s crisp and cold outside, and dark before you’ve finished lunch. As the year draws to a close, the City is lit up with decorations. With drinks and canapes flowing, it can only mean one thing. Pitching season is here.
Investing life cycle
You can’t move for pitch events, at the moment. It’s the natural life cycle of investing. Momentum is building as people prepare to invest their Christmas bonus in some exciting new venture before the end of the tax year.
Everyone is pitching. And that includes us. At Seismic we aren’t natural public speakers but we’re starting to enjoy it. Maybe it’s about the right product for the audience, maybe it’s just about years in the game, but the anxiety is not what it was.
It’s an exciting time of year. As well as pitching on our own behalf, we hear more than one groundbreaking idea at each event, and it would be hard not to feel inspired. There’s a great rage of presenting skills as well as businesses. On occasion, we’ve been bowled over by an unpolished presenter delivering an impassioned pitch on a truly impressive venture. In a month when many are feeling uncertainty about the future, it’s a timely reminder of the extraordinary homegrown ideas and talent around.
New vehicles for pitching
Pitch events move with the times, along with the products presented. On top of the standard presentations, intelligent TV and webinar pitches are increasingly popular. And the way the events come about is also constantly evolving. As well as various pitch events, organised through the traditional Angel networks, we enjoyed presenting Caboodle at the Entrepreneurs and Investors circle, organised through Alumnet. Alumnet itself is a new digital platform that builds private networks around your alumni organisation.
It will be particularly interesting to see how the 2018/19 investing life cycle pans out. Will investors continue to put their money into EIS following the introduction of risk to capital requirements? Or will they head for the greater tax reliefs of SEIS given that the rule changes do not unilaterally apply there?
Seismic Venture Partners is a boutique fund manager with a venture AIF, Seismic Growth Fund. The Growth Fund specialises in EIS and SEIS investment.