....yes – EIS investments as well. Often a bit long term before you see
anything back apart from the immediate tax relief, but good if you pick the
right companies.
Richard S
From: Peter Curtis (Redacted sender "cottgrey" for DMARC)
Sent: Thursday, August 06, 2020 9:05 AM
To: nsgallop@xxxxxxxxx ; wvic@xxxxxxxxxxxxx
Subject: [wvic] Re: Draper Esprit - for consideration at the next WVIC meeting
Just wondering if everyone is aware of a Venture Capital Trust ( VCT) as a
method of offsetting income tax ??
Draper Espirit offer this as well but they are also open here to investing
without the fixed 5 term period of a VCT.
A VCT is a great way to reclaim a hefty ( if not all) amount of the income tax
you have paid .
Peter
-----Original Message-----
From: Nicholas Gallop <nsgallop@xxxxxxxxx>
To: wvic@xxxxxxxxxxxxx
Sent: Wed, 5 Aug 2020 19:11
Subject: [wvic] Draper Esprit - for consideration at the next WVIC meeting
I sent a view on Draper Esprit last month, which I re-attach for convenience.
Plus, in the note below you’ll find their summary of recent highlights.
The share is up about 17% since I first recommended at our June meeting - not
as impressive as our US portfolio, but pretty good compared to most of our UK
picks.
PE ratio: 15.5 Dividend: nil
Nick Gallop
+44 (0)7867 808 872
nick.gallop on Skype
Begin forwarded message:
From: Draper Esprit <marketing@xxxxxxxxxxxxxxxx>
Subject: Draper Esprit News - August 2020 Newsletter
Date: 3 August 2020 at 11:32:30 BST
To: Nick <nsgallop@xxxxxxxxx>
Reply-To: Draper Esprit <marketing@xxxxxxxxxxxxxxxx>
Draper Esprit Updates
“Our mission to empower Europe to invent the
future remains central to our ongoing strategy and this... means that we are
well placed to drive long-term, sustainable returns for all of our
stakeholders.” - Martin Davis, CEO. We released our annual results for FY ended
31/3/20. While Covid-19 has led to a challenging quarter we've come out in good
shape and look forward to the year ahead.
Read the report here.
Portfolio Highlights
Aircall raises $65 million round
Draper Esprit pleased to participate in further
investment in Aircall's $65 million Series C round.
Find out more here.
Zynga Inc to acquire Peak for $1.8bn
Zynga Inc enters into agreement to acquire
games developer Peak for US$1.8 billion.
Follow the link to find out more.
Draper Esprit invests in Cazoo, which becomes
the fastest company to Unicorn status in UK history
We invested in the latest £25m Series C funding
round in Cazoo, alongside Stride, part of our Fund of Funds portfolio.
Find out more here.
Connect Ventures announces $80 million seed fund
We are pleased to join Top Tier Capital
Partners, Isomer Capital, British Patient Capital, De Agostini, Big Society
Capital, and Korelya Capital investing in Connect Ventures 3rd fund.
Follow the link to find out more.
Team Highlights
Nicola McClafferty & Vinoth Jayakumar, newest
additions to Partnership team
In April 2020 we announced the newest additions
to our Partnership team, Nicola McClafferty and Vinoth Jayakumar.
Click here to read more.
James Clark joins Marketing team
Draper Esprit welcomes James Clark as Marketing
Director.
Click here to find out more.
In the community
Draper Esprit's Virtual Fundraising Workshop
with Episode1
Carina Namih, from Episode 1, joined us to
discuss the earlier stages of fundraising and Draper Esprit's Diana Krantz,
joined to discuss tips on later stage fundraising for entrepreneurs.
Missed the event? Watch live recording here.
Partner, Vinoth Jayakumar joined MoneyLIVE's
panel discussion
Partner Vinoth Jayakumar joined speakers from
NatWest and MoneyBox for MoneyLIVE's virtual panel.
Missed out? Watch free on-demand here.
Dr. Vishal Gulati, Venture Partner joined
#SALTTalks Conference
Venture Partner, Dr. Vishal Gulati joined
#SALTTalks to discuss Healthtech
Nicola McClafferty joined #VCLeadLadies
Our Partner, Nicola McClafferty joined Round
Hill Ventures panel to discuss VC investment and what it takes to be a Partner.
In the news
Bits & Pretzels
Investment Director, Christoph Hornung
discusses the Covid-19 unicorns and thriving later stage startups.
Listen to the podcast here.
Draper Esprit loves Video Games
Founding partner, Simon Cook reflects on Draper
Esprits romance with video game entrepreneurs.
Read the blog here.
How to write an email pitch VCs will actually
read
Venture Partner, Dr. Vishal Gulati weighs in on
how to write an effective email to VCs.
Read the article here.
Startup Grind Q&A with Partner, Nicola
McClafferty
Partner, Nicola McClafferty joined serial
entrepreneur Bhavin Turakhia (Flock, Zeta, Radix) for an investor Q&A.
Watch the video here.
The Back Yourself Show
"Go fast, It will get people's attention," Head
of Deal Execution, Philip O'Reilly joined Tom Fairey's The Back yourself Show.
Listen to the podcast here.
I'll be there for you
While we can’t meet in person, we can meet you
online. Draper Esprit is working on a series of online office hours for
different sectors in the industry, as well as some remote events. Keep your eye
on our social channels Twitter & LinkedIn for updates.
Interested in attending or finding out more?
Get in touch at marketing@xxxxxxxxxxxxxxxx
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