Sunday Times Q&A with Oliver Woolley, Envestors
Oliver Woolley is co-founder and chief executive of Envestors, a network that connects investors with scale-up businesses looking for cash. It has a community of 8,000 investors and has raised more than £100m.
Woolley, 55, of Putney, southwest London, sits on the board of the UK Crowdfunding Association. He founded Woolleys Healthfoods, which was acquired by Northern Foods in 1997.
Entrepreneurs are often wildly optimistic about their [company’s] growth trajectory and the sales and profits they expect to achieve. This leads to artificially high valuations. It’s very difficult to raise money and only 2% of businesses are successful. Reducing valuations can help.
Read more at The Sunday Times