In a discussion on venture capital (VC) investment with Andrea Cropley, Will Schaffer, an investor director for Mercia, emphasizes the importance of startups being clear about their value proposition, understanding the timing of seeking investment and tailoring their pitch based on the business type.
They discuss the availability of VC funding and the merits of sourcing funds from overseas investors and provide the funder's perspective and approach on risk-return. They also discuss the VC's role in providing ongoing support and strategic guidance, while addressing the challenges of team dynamics and business growth.