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With two new funds, LocalGlobe has more latitude than ever – TechCrunch


“Just in case you say anything interesting,” I quip back.
“I won’t be doing most of the talking, so maybe someone will say something interesting,” Klein replies poker-faced, before grinning.
Once again, I’ve agreed to an ensemble-style interview with multiple members of the LocalGlobe investment team: Klein, George Henry, Suzanne Ashman, Julia Hawkins, Mish Mashkautsan and Remus Brett. Unlike in 2015, however, when I visited the early-stage VC’s then offices in Tileyard Studios, the interview is taking place over Zoom, rather than the firm’s new Phoenix Court premises in the King’s Cross area of London.
Also in contrast to last time, when I wanted to scoop LocalGlobe’s latest fundraise and Klein rather I didn’t, this time it’s the other way round: I’ve been invited to write a piece partly anchored on news of two new funds that were quietly raised last year. ....

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Investing in university spin-outs can help your profits grow


The Social Network, the film that depicts the founding of Facebook by Mark Zuckerberg and his Harvard friends, is a compelling drama that also causes viewers idly to speculate: If I d been able to back this university start-up in 2004, how rich would I be now?  
Facebook is now an $880bn giant. The share price has risen from $42 in 2012 to $309. Yet its early performance was disappointing, a point to note amid the buzz over Oxford Nanopore, the DNA sequencing technology business spun out from the university that is set to make a stock market debut this year. 
For savers in the failed Woodford equity income fund, Oxford Nanopore s move has been a fresh source of chagrin, as the stake was sold by the administrator Link at a fraction of its current value.  ....

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