๐Ÿ‘‹๐Ÿพ Hi friends!

This week I sit down with Kiran Mehta, investor at Mercia Ventures, we talk about everything from the changing VC landscape to why decks and financial models arenโ€™t the be all and end all and why founders might want to think about them differently.

In other news, Iโ€™ll be joining a panel of CFOs hosted by Vertice and Pleo to discuss:

How to balance daily tasks with tech management

Identifying and preventing tech overspend

Tips for conducting tech audits

How to decide on tech contracts

And plenty moreโ€ฆ So if youโ€™re a finance pro working in a high growth venture, join us on the 27th June at | 10AM BST | 11AM CEST | 3PM EST.

Register here to watch live or to get the recording ๐Ÿ’ช๐Ÿพ

Register here to join us on 27th June at 10am BST

Iโ€™m well underway writing about all the things Iโ€™ve learned from the last couple of decades as founder, CFO and CEO, so sign up for early access to Off Balance – The Book and feel free to share with anyone else you think might enjoy it ๐Ÿ˜„.

Now letโ€™s get down to businessโ€ฆ

๐——๐—ฒ๐—ฐ๐—ธ๐˜€ ๐—ฎ๐—ป๐—ฑ ๐—ณ๐—ถ๐—ป๐—ฎ๐—ป๐—ฐ๐—ถ๐—ฎ๐—น ๐—บ๐—ผ๐—ฑ๐—ฒ๐—น๐˜€ ๐—ฎ๐—ฟ๐—ฒ ๐—ด๐—ฟ๐—ฒ๐—ฎ๐˜, ๐—ฏ๐˜‚๐˜ ๐—ฎ๐—น๐—น ๐—ถ๐—ป๐˜ƒ๐—ฒ๐˜€๐˜๐—ผ๐—ฟ๐˜€ ๐—ฟ๐—ฒ๐—ฎ๐—น๐—น๐˜† ๐˜„๐—ฎ๐—ป๐˜ ๐˜๐—ผ ๐—ธ๐—ป๐—ผ๐˜„ ๐—ถ๐˜€ ๐˜„๐—ต๐—ฎ๐˜ ๐—ฎ๐—ฐ๐˜๐—ถ๐—ผ๐—ป๐˜€ ๐—ฎ๐—ฟ๐—ฒ ๐—ด๐—ผ๐—ถ๐—ป๐—ด ๐˜๐—ผ ๐˜‚๐—ป๐—น๐—ผ๐—ฐ๐—ธ ๐˜๐—ต๐—ฒ ๐—ป๐—ฒ๐˜…๐˜ ๐—บ๐—ถ๐—น๐—ฒ๐˜€๐˜๐—ผ๐—ป๐—ฒ๐˜€ ๐Ÿ’ก

In this week’s episode of Nothing Ventured, I sat down with Kiran Mehta, Investment Manager at Mercia Ventures, a national venture capital provider, which has been closing the funding gap across the UK, partnering with exciting start-up and scaleup businesses.

Prior to joining Mercia, Kiran worked at Lloyds Bank and the Real Estate Equity Fund.

My top takeaways:

1๏ธโƒฃ ๐…๐จ๐œ๐ฎ๐ฌ ๐จ๐ง ๐ƒ๐จ๐ข๐ง๐  ๐–๐ก๐š๐ญ ๐˜๐จ๐ฎ ๐‹๐จ๐ฏ๐ž ๐š๐ง๐ ๐–๐ก๐š๐ญ ๐˜๐จ๐ฎ’๐ซ๐ž ๐†๐ซ๐ž๐š๐ญ ๐€๐ญ: Kiran noted the importance of pursuing something you enjoy and excel in. He highlighted the significance of prioritising working with smart people and how venture is chaotic yet rewarding. Good founders will always have a chance in any market, regardless of the challenges they face.

2๏ธโƒฃ ๐“๐ก๐ž ๐„๐ฏ๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง ๐จ๐Ÿ ๐„๐๐ฎ๐œ๐š๐ญ๐ข๐จ๐ง ๐š๐ง๐ ๐‰๐จ๐› ๐Œ๐š๐ซ๐ค๐ž๐ญ: Kiran discussed the rapid changes in the job market and the evolving landscape of education. He highlighted the need for students to prioritise their interests and skills, especially if they aspire to head into the world of venture capital. The discussion shed light on the importance of adapting to changing job cycles and market conditions.

3๏ธโƒฃ ๐๐š๐ฅ๐š๐ง๐œ๐ข๐ง๐  ๐†๐ซ๐จ๐ฐ๐ญ๐ก ๐š๐ง๐ ๐‚๐š๐ฉ๐ข๐ญ๐š๐ฅ ๐„๐Ÿ๐Ÿ๐ข๐œ๐ข๐ž๐ง๐œ๐ฒ: The conversation touched upon the shift towards capital efficiency and the intersection of venture-style growth with financial prudence. Kiran highlighted the challenges faced by founders in deciding between pursuing profitability or continuing to raise capital. The discussion provided valuable insights into the evolving dynamics of venture funding and the need for sustainable growth strategies.

We also touched on:

๐Ÿช How you canโ€™t live in a parallel universe, do what you love and what youโ€™re great at.
๐Ÿง  Why you should prioritise working with really smart people.
๐Ÿฆ‹ How venture is chaos.
๐Ÿ’ช๐Ÿพ Why great founders will have a chance in any stage of the market
๐Ÿ“ˆ Why founders need to internalise that growth is still very important even as they have to be more capital efficient.
๐Ÿ‘ฉ๐Ÿผโ€๐Ÿซ Decks and financial models are great, but they aren’t everything.
๐Ÿ’ฅ The disproportionate effect that investors can have by driving support.

Check it out!

Else listen on Spotify or Apple

If you have any feedback, or if thereโ€™s something youโ€™re desperate to see me include, just reply to this mail or ping me online – Iโ€™m very open to conversations.

If you like what Iโ€™m putting out, do give me a follow on LinkedIn, Twitter and Instagram.

(If you are trying to connect with me on LinkedIn, maybe read this post I wrote and make sure to start your request with โ€œOff Balanceโ€ and, more importantly, tell me why youโ€™d like to connect ๐Ÿ’ช๐Ÿพ)

Donโ€™t forget to like, rate and subscribe to Nothing Ventured on Apple, Spotify or YouTube, it really helps more people see what weโ€™re doing – you can find links to these (and more including my Office Hours) right here!

This edition of Nothing Ventured is brought to you by EmergeOne.

EmergeOne provides fractional CFO support to venture backed tech startups from Seed to Series B and beyond.

Join companies backed by Hoxton, Stride, Octopus, Founders Factory, Outlier, a16z and more, who trust us to help them get the most out of their capital, streamline financials, and manage investor relations so they can focus on scaling.

If youโ€™re a CFO working with venture backed startups and want to join a team of incredible fractional talent, drop us your details here.

If youโ€™re a growing startup that knows it needs that strategic financial knowhow, drop your details here to see how we can support you as you scale ๐Ÿš€

As always, my office hours are open, if youโ€™d like to chat about anything finance, tech or venture releated, just grab some time ๐Ÿ˜Š.

I hope you found Off Balance #40 valuable. As always, Iโ€™d love to get your feedback and understand the sort of topics you would love to hear about.

Just hit reply to this mail or drop me a line at hello@emergeone.co.uk and let me know ๐Ÿ˜Š

๐Ÿš€And thatโ€™s a wrap for this edition of Off Balance – Iโ€™d appreciate your feedback so just reply to this email if youโ€™ve got something youโ€™d like to say.

๐Ÿ“จ If you think someone else might love this, please forward it on to them,

๐ŸŽง Finally, if youโ€™re a fan of the Nothing Ventured podcast, please donโ€™t forget to like, rate and subscribe wherever you get your pods – it really helps us spread the word.

Thatโ€™s it from me so until next timeโ€ฆ

Stay liquid ๐Ÿ™‚

Aarish

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