Recap of our #GFHive investor event
Yesterday, we hosted our first Investor Event were delighted to be supported by Endeavour Partnership, who sponsored the event, providing the venue and refreshments.
We'd like to give a special thank you to Endeavour's Practice Manager, Sharon Hutchinson and her PA Lotty Reeves who were instrumental in helping us pull the event together and made sure everything ran smoothly on the day.
The event focused on Hive, currently live and raising capital on the GrowthFunders equity crowdfunding platform. This SEIS-eligible investment opportunity is looking to raise £150,000 in total and raised £40,000 in the first week of their campaign's launch.
This exciting tech startup has spun out from Visualsoft, a leading North East-based ecommerce company and has been designed to measure, analyse, and improve engagement and productivity in the workplace, by giving employees a voice.
The Hive, Endeavour, and GrowthFunders teams were in early to set up and make sure everything was going to run smoothly:
Sharon Hutchinson welcomed everyone to the event and we had a fantastic turn out with around 40 people attending. It was great to see so many prominent North East business owners in the room, supporting a local startup, alternative finance, and finding out more about this live investment opportunity:
GrowthCapitalVentures' CEO, Norm Peterson, delivered an overview of the event along with some fantastic investor insights, such as how to mitigate risk, maximise upside, and associated tax reliefs of early stage investing, including the Seed Enterprise Investment Scheme. Norm's investor insights provided a great introduction into SEIS-eligible business, Hive's, presentation.
Hive’s co-founder and Head of Innovation at Visualsoft, John Ryder then delivered a 20-25 minute live pitch which gave everyone a fantastic overview of the investment opportunity. He explained where the idea for Hive came from and how the business is the first to be incubated in Visualsoft's new Innovation Lab.
Covering all of the key points of a killer pitch presentation, John talked the audience through Hive's competitors, the problem that exists in the marketplace along with Hive's solution, and their proposed revenue model. To find out more about these areas and so much more, visit Hive's pitch page now.
After the pitch, there was a 20 minute Q&A session which featured some great input from Visualsoft's CEO, Dean Benson. A number of audience members took the opportunity to ask some questions which hadn't been covered in the pitch, such as:
Q: "Will the software actually get used or can employees just delete the email?"
A: Hive will benefit employees the most if they actually voice their opinions so that the workplace can change and faciliate their requests instead of the management never hearing of problems and continuing the way they are.
Q: "What about employees who don't have access to a computer e.g. DPD, as their drivers are always out. How do they fill the surveys in?"
A: Hive are currently working on both a smart phone app and SMS service for businesses whose employees are not office-based.
After this, attendees and potential investors got the chance to network over lunch and speak to the Hive team on a more informal, one-to-one basis.
Thank you again to Endeavour for sponsoring the event, congratulations to the Hive team on delivering a fantastic presentation, and we hope everyone who was there learnt a lot about this exciting investment opportunity.
Don't worry if you weren't able to attend but want to find out more about Hive, as you can visit their pitch page by clicking the button below.