Fund: YFM Venture Finance
Posted by Anonymous on 2013-06-20
YFM invested into my company approx. 4 years ago. The investment was small, and whilst they didn't want large %'s for it, they did insist on some onerous clauses in the investment agreement and the articles. Those clauses have consistently stopped us from being able to raise funds elsewhere. YFM, to their credit, have continued to invest in my company - death by a thousand cuts some might say.
On the good: were prepared to invest where others wouldn't: followed up their investment
On the bad: require copious amounts of reporting - don't let you get on with the business. didn't invest an appropriate amount of money or follow up appropriately.
Advice: Check the rules of the fund before taking an investment from them. Expect a fussy investor. Go to them if you are having trouble raising funds elsewhere.