One of my pleasures is catching up with old colleagues and friends, and seeing where life and opportunity has taken them. Since I started Qi3 in June 1999, I’ve been involved in over 30 business start-ups and nearly 350 collaborative partnerships, so it’s hard to track them all. I’ve sometimes described my role in brokering Knowledge Exchange as equivalent to making snowballs on a summer’s day. Most of my efforts melt away, but others gradually gain momentum and turn into business success. Business in general and technology business in particular has plenty of risk, so seeing the fruits of one’s efforts is a particular pleasure.
It takes time and patience though. A British Business Angels Association survey of Business Angel investments showed that the companies sampled take an average of three years to fail, or six years to provide financial return.