From an early to mid-stage company funding perspective, I have come across lots of interesting and innovative ideas, largely from industry insiders who have vast experience in the sector and see a real opportunity in the market. You can always change the information you share with us by editing your profile.
Back in he sold his first company Bookpages to Amazon and subsequently took up the role of vice president Europe for the ecommerce giant. Murdoch now heads up Episode1, a UK-based seed investment business which was in the news last week after it was named as one of the recipients the largesse of listed venture capital firm Draper Investors.
As a serial angel investor, Murdoch has some impressive hits behind him including early-stage investments in the likes of Zoopla, which by his own estimation produced a high double-digit return, and LoveFilm, which again was sold to Amazon in It gives him an interesting perspective on the state of the gambling sector as an early-stage investment proposition.
And the verdict is not great, at least as far as anyone interested in innovation is concerned. It is an industry which — in terms of online — is very static and highly structured and as such it is inherently less interesting to investors such as himself. This reluctance is compounded by the structure of the venture capital space in the UK.
Funds such as Episode1 and Seedcamp, which is the other recipient of the Draper Espirit funding, online gambling elements of government support in the form of investment from the British Business Bank which is designed to help fund the perceived investment gap for UK casino garden hawaii resort companies.
Where Murdoch says there is more general enthusiasm is in the area of fintech and its related regtech areas. Current investments include AimBrain, a investors security company and PassFort, which automates the KYC and compliance process for regulated businesses.
As GamCrowd has noted before, it is these type of regtech and fintech early-stage enterprises that are attracting a lot of see investment interest, particularly in the UK where interest in these areas is extremely high. It is also, notably, an area which gets much more by way of government support than merely the proxy investment from the BBB. Just last week, online gambling, the Financial Conduct Authority FCA reported on the lessons it has learned from the regulatory sandbox initiative which celebrated its first year of full operation last week.
Among aladdin resort casino key investors outlined by the FCA is the degree to which those firms that have had their ideas tested in the sandbox have seen their participation facilitate access to further capital. The financial watchdog said that inclusion in the initiative provides greater certainty and that at casino mirage resort vegas 40 percent of the firms involved received investment either during or immediately following their sandbox tests.
Murdoch concurs that the evidence he has seen in recent years shows that there broadwalk casino a huge amount of innovation going on in the UK, not just in the fintech space, but also elsewhere in the SME universe that investors drawing in interest and funding. This is what the deal with Draper Espirit is intended to help foster and continue.
The regtech route Where Murdoch says there is more general enthusiasm is in the area of fintech and its related regtech areas. Consumer adoption worries leads fintech fears. Disrupt established verticals, innovators told. Assessing the regulatory situation for sports betting in Russia. Number Crunching - LeoVegas, Playtech and snooker.
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