We cover a lot of venture capital news here at TechCrunch. New funds, partner changes, the funding rounds themselves — the list is long. Lately, we’ve had to touch on rolling funds, solo GPs and a faster-than-ever investing cadence that has rewritten the rules of venture investing. Gone are the days when investors can take weeks, let alone months, to get into a hot deal in today’s turbocharged private markets.
But there’s another venture capital trend worth discussing: venture capital firms going public. This July, for example, London-based Forward Partners went public on the AIM, a sub-market of the well-known London Stock Exchange. Augmentum Fintech is another example of a London-listed venture capital firm. The investing group focuses on European fintech.
Most recently, Draper Esprit, another British venture capital firm, moved from the AIM to the LSE proper, with a secondary listing on Euronext Dublin. TechCrunch has cited Esprit partners in our explorations of the European venture capital scene in the past, especially in our regular digs through the startup hub’s numbers.
To understand why Draper Esprit not only decided to stay public but doubled down on its structure by moving to the main boards in London and Dublin, we got on the horn with the firm’s co-founder, Stuart Chapman. What follows is an edited and condensed transcript of our call. Coming up, The Exchange has analysis and further interviews about whether the trend of floating venture capital firms may spread, and why other investing groups opted (Read more...)