James Blackwell, a key investor in the popular Internet Bookshop web site, has founded a venture capital firm called Cubic Egg, for investing in Net-related businesses.
Blackwell and Jasper Judd, co-founder of the successful Oxford-based electronic commerce site, have set up Cubic Egg to represent a network of professional individual investors, looking for opportunities to invest between #20,000 and #300,000 - filling the gap between bank loans and full-blown venture capital.
Cubic Egg intends to provide more than just cash and is offering new ventures help with their business and marketing plans, business contacts and alliances, ongoing support and non-executive directors.
"An entrepreneur seeking funds is requested to send a synopsis of his plans to the Cubic Egg team," explained Blackwell. "If the opportunity is considered appropriate, a meeting will be held at which the business plan will be reviewed for circulation to potential investors. Those investors that express an interest in the venture will be sent the full plan and introduced to the entrepreneurs concerned," he added.
Cubic Egg charges a success-related negotiable fee.
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