Venture Capital in the World of Sport

There’s plenty of stories across the rugby world about the potential for venture capitalists chucking some money at our game.

The English Premiership have sold a minority shareholding (thought to be 27%) to CVC Capital Partners for £200m, whilst the same group are rumoured to have made a £500m offer in the Six Nations.

In competition to this Six Nations offers, World Rugby are desperately trying to get on the bandwagon of “revenue maximisation” with their World League , which they claim could be worth £5bn over 12 years.

Lots of money, but what will the new investors get in return, and how much of this “maximised revenue” will make it’s way down to the grassroots of the game so that the real stakeholders of our sport (our local communities where local rugby clubs make it all happen) can evolve and develop.

For a look at the process of venture capital and what VC investors expectations are from their investment, here’s an interesting book review on the Secrets of Sand Hill Road.

What Will Leclercq Want from their $6m Investment in Moodle

Founded in 2001, Moodle is a leading light in the opensource movement. By relying on partners (there’s currently 84 of them) to pay royalties for using the software, end-users get the software for free (but paying for support and services) whilst funds are generated for the central project.

But now, Martin Dougiamas, founder and CEO of Moodle Pty Ltd, has succumbed to an outside investor, with France based Education for the Many, injecting $6m dollars into the company.

Continue reading What Will Leclercq Want from their $6m Investment in Moodle

Integration of NetDimensions going to plan with full benefit of synergies expected in 2018

LTG have today issued a trading update up to the end of June, where they say first half revenue is up 62.5%. Their plan to build an international business with revenues in excess of £50 million appears to be on track. Continue reading Integration of NetDimensions going to plan with full benefit of synergies expected in 2018

Success (or lack of it) in IT Projects

We have billions of £s being spent in IT projects, but an Axelos report suggests that 40% of these are on course to fail – so what do we need to do to improve the odds of success.

They’ve identified the main issues as:

  • significant changes to the project brief (45 per cent);
  • unrealistic timeframes (41 per cent);
  • an incomplete understanding of the risks (48 per cent);
  • projects not resourced with the right people (42 per cent);
  • lack of a clearly defined goals (49 per cent), and
  • overrun budgets (32 per cent)

But note, Axelos was set up to develop, manage and operate qualifications in project management methodology – so maybe a bit of vested interest in pushing for greater structure to project management.

see also:

Project management is key to driving business success

Disconfirmations, Framing & Satisficing

A quick summary from Ben Carlson on Robert Cialdini new book, Pre-Suasion: A Revolutionary Way to Influence and Persuade.

  • Avoiding mistakes is often more important than seeking brilliance.
    Framing can influence your thought process in both positive or negative ways.
  • There are subtle ways in which you can be persuaded to make decisions that you may not be aware of.
  • Before the persuasion even begins there are triggers that can cause us to lean in a certain direction in terms of how we view certain decisions.
  • In increased awareness of these techniques can help you avoid mistakes and also increase your ability to persuade others.

Lost in a Sea of eLearning

A quick question, when was the last time you sat down, and asked your learners what they thought of your eLearning, and I don’t mean a quick smile sheet exercise, but some digging – identifying the opinions and feelings about what they experienced.

Well, Queen’s University Belfast have done just that with a group of students who are increasingly using eLearning during their 5 years of study.
Continue reading Lost in a Sea of eLearning

Tribal Confirms £21m Rights Issue and Move to AIM

As previously indicated, the Board of Tribal have announced a fully underwritten £21m Rights Issue.

The gross proceeds of the 1 for 1 Rights Issue (approximately £21 million), together with the disposal of the Synergy business announced earlier in the month, raises approximately £41.12 million, which will be used to reduce the Group’s net debt.
Continue reading Tribal Confirms £21m Rights Issue and Move to AIM