25 - Dr. Paul Mattick on multi-stage investing and having a regional focus
While multi-stage venture capital management is common in the US, few firms have, so far, managed to develop it successfully here. Mercia is has probably developed the widest range of capital pools in the tax-advantaged world. We get Dr Paul Mattick on discuss their approach.
While the benefits of multiple pools are clear, it does bring challenges to. We discuss how Mercia addresses these, building up strong processes and using its scale to its benefit.
We also discuss Mercia's regional focus - the advantages and challenges, why the regions are underfunded and whether that can change. Paul also explains his idea of geographical arbitrage, to buy at low regional valuations and sell at a premium in the south east!