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Continued access to investment (early-stage and further rounds) is vital for UK plc to innovate its way out of the clutches of recession.

However, there’s been trouble brewing in the traditional venture capital industry for some time. Many private VC firms are struggling and have been forced to invest further cash into their existing portfolios, or at least holding more in reserve. Today’s FT also highlights a new report from the National Audit Office, which has attacked the government’s record of VC investment with taxpayers’ money.

So with this background in mind, we’re really excited to support the launch of the first reverse VC fund, The Founders Club, that enables CEOs and founders to use their shares and stock options to become limited partner investors.

Formed by fourteen senior venture capitalists from Silicon Valley, Europe and Israel, members agree to pay a small percentage of their personal cash exits from an IPO or M&A transaction into the fund, which is then distributed to all the members in that specific fund. As well as the obvious diversification and liquidity benefits, members are tied together and incentivized to help each other.

At Chameleon PR, we pride ourselves in understanding the power of the ‘network’, and wish The Founders Club, and its portfolio companies, the very best of luck.

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