The EIS Navigator 109 Where are we in the venture capital cycle with Henry Whorwood of Beauhurst
In this episode, we welcome back Henry Whorwood, Head of Research & Consultancy at Beauhurst. With access to the broad data that Beauhurt collects, Henry has a great overview of trends in the venture capital market over the past couple of years and where we are now.
In a wide ranging discussion we talk about:
- tourist venture investors
- whether this is a healthy correction
- the lack of failures and the causes
- trends in valuations and amounts raised
- the strength in AI and cleantech
- different patterns by stage of investment and location
- what's happening in exits
- demand from purchasers
After a down phase in the cycle over the past couple of years, there is much speculation about whether we are close to, at or past the bottom. Listen and find out what the data says! Enjoy!
PS Sorry about uploading the wrong file initially!
00:50 Henry introduces himself and Beauhurst
02:30 what sort of data Beauhurst has
04:50 where is the venture capital market just now?
11:00 the lack of company failures
13:20 valuations and amounts invested
15:00 strength of AI and cleantech
21:15 differences across stages
23:45 down rounds, convertibles and preference terms
30:30 secondary share sales
32:30 what's happening in exits
38:00 demand from buyers
41:40 types of companies being sold
43:30 how are the regions doing
46:00 green shoots elsewhere
51:30 favourite questions
Links
Beauhurst website - https://www.beauhurst.com/
Beauhurst reports page - https://www.beauhurst.com/reports/
Subscribe to the EIS Navigator podcast on most services here: https://the-eis-navigator.captivate.fm/listen
Suggested books and media
Arts and Minds: How the Royal Society of Arts Changed a Nation by Anton Howes
Bio
Henry Whorwood
Head of Research & Consultancy, Beauhurst
Henry started and runs Beauhurst’s Research & Consultancy department which produces research on the UK’s startups and scaleups. He has worked on briefs for clients including the British Business Bank, HM Treasury, BEIS and Innovate UK. Henry is an expert on business finance, entrepreneurship and innovation and regularly gives presentations on market trends at events around the country. He studied Classics at the University of Oxford.