← Investments
Learning experiences

Told in full.

Not every position worked. These are the ones that didn't — kept on the record in full, because a track record is judged on completeness before it is judged on returns, and because each of these shaped how we invest now.

A Learning

Sweeney Earl Productions

Production company backed in 2010 — one of the earliest positions in the angel book.

A Learning

Voucherbag

Early consumer internet position, backed in 2010.

A Learning

Houseology

Online homeware retailer, including Occa Design. The equity was lost; the loan behind it was repaid with interest.

A Learning

Keyser · Moshen

Two small positions backed together in 2011.

A Learning — dissolved 2025

Clarks Cider

Craft cider produced in Leresti, Romania.

Receivership, 2024

Renegade Spirits (Waterford)

Irish whisky distilling venture, backed in 2014.

A Learning

Atenvia

Backed in 2015; written off in full.

A Learning

Flavourly

Drinks subscription business, including Drinkshare and Brewhive. Bill led the investor syndicate.

A Learning

Renegade Rum

Terroir-driven single cane rum, distilled in Grenada.

Liquidated, 2022

Machine Labs

Software business backed in 2019.

A Learning

Programmai

Predictive marketing technology.

A Learning — liquidated 2026

Pawprint

Carbon tracking tools for people and companies.

A Learning — liquidation 2026

Firestoke

Publisher of independent PC and console games.