Many shareholders make light work
by Catherine Woods - Monday, 3rd March 2008 -
Ten Lifestyle Management founder Alex Cheatle argues that having many shareholders is less work than answering to one or two large venture capitalists.
His lifestyle management services business is backed by 110 private investors who are a mixture of staff, family, friends and other interested parties who have asked to take a stake in the company.
Cheatle says it’s an easy group to manage. “Their expectations, unlike VCs, are not about control," he says. "They can influence the company but they don’t control it. For most of them, it’s something they’ve invested in that they want to work, but they’re not being held to account if it doesn’t work.”
Ten took on external investment when it was a start-up and has also raised money for development capital.
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Related tags: venture capitalists, external investment, private investors, ten lifestyle management, shareholders, alex cheatle,
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