James Uffindell: Securing venture funding and the importance of your team

-

We’ve just been lucky enough to secure some venture capital to grow our organisation. A consortium of five angel investors have backed us and Zach Miles, the former CEO of Vedior (previously the world’s biggest recruitment business before it was acquired), and Michael Jackson, the former Chairman of Sage (the FTSE 100 technology company), have joined our board. This whole process got me thinking about building the very best team and how central having that team in place is to helping you succeed. Key to the investors’ decision to back the business was the team we have built over the past 18 months – from data experts to online specialists, accountants to web developers, recruitment experts to marketers, the coalition of skills we’ve assembled is fantastic and will continue to strengthen. Looking back it was arguably foolish to be deploying limited financial resources, before the investment round, on the very best people we could afford to hire and arguably batting above our league in terms of the talent we had verses where the business was. However it’s paid off and it goes to show, if you’re willing to commit to acquiring the best possible people to work with, then it should reap rewards. These people win clients, build great products and inspire on a daily basis – investing in finding them for any organisation is central.

James Uffindell, MD and Founder of The Bright Network

James started his first business aged nine, another one at 14. In his last year at university James setup an organisation, Oxbridge Applications, to help people apply to university and at 25, went on to co-found a social enterprise. While James has lived and breathed the commercial world for 10 years, when he left university he really had no idea as to what to do, or even how to go about it.

While some friends found their way into investment banking and law, many were left baffled and floundering. As James met more and more bright graduates who felt similarly, lacking in guidance he decided to set up The Bright Network.

Latest news

NDA clampdown planned as government targets workplace harassment cover-ups

Government plans to curb misuse of confidentiality clauses aim to stop workers being silenced over harassment and discrimination.

‘Nearly half’ of UK workers fear robots could replace their jobs

Security risks emerge as the biggest concern about workplace automation.

Britain now an ‘overqualified nation’ with millions stuck in dead-end jobs

Millions of graduates are stuck in low-progression roles as rising qualification levels outpace the number of jobs that fully use their skills.

Sidonie Viala: Pay transparency won’t close inequality if negotiation still drives pay

The EU's Pay Transparency Directive is on track to arrive with a simple promise: visibility will bring fairness. But transparency only exposes outcomes.
- Advertisement -

Calls grow for working from home as fuel shortages loom amid Iran conflict

Remote work is being urged as fuel shortages linked to Middle East conflict threaten commuting, business operations and workforce stability.

Worker denied leave for 25 years wins £400,000 in holiday pay case

A tribunal awards nearly £400,000 to a worker denied annual leave for decades, raising concerns about holiday policies and employer compliance.

Must read

Mark Geraghty: The Royal Family: A leadership role model?

The UK – and indeed most of the globe...

Could Liberal Democrat policy improve workplace mental health?

As part of their manifesto for the 2015 General Election, the Liberal Democrats have recognised the inequality in mental health care, acknowledging that mental health conditions will affect one in four people in the UK throughout a lifetime and that the prevalence of such conditions costs the country as much as £100 billion each year.
- Advertisement -

You might also likeRELATED
Recommended to you