What does it take to scale a successful venture capital firm while staying aligned with founders?
In this episode of Oxford+, host Susannah de Jager speaks with David Mott, Founder Partner at Oxford Capital, about his 25-year journey backing over 100 UK tech startups.
David shares insights on what makes early-stage companies succeed, why founder-led teams outperform, and how Oxford Capital bridges the gap between private wealth and innovation. From pioneering EIS funds to influencing UK venture policy, David outlines the key elements that drive value creation in startups—including team structure, sector focus, and investment timing. He also explains how the UK can move towards a more integrated "supercluster" approach and why simplicity and alignment are essential in venture capital deals.
Whether you're a founder, investor, or ecosystem builder, this conversation offers a masterclass in startup funding and strategy.
- (00:00) - Aligning Founders and Investors with David Mott, Founder Partner of Oxford Capital
- (00:40) - Founding of Oxford Capital
- (02:33) - Understanding Venture Capital
- (03:38) - Challenges in Growth and Scale-Up Capital
- (05:18) - Family Offices and Investment Opportunities
- (08:21) - Sector Focus and Investment Strategy
- (10:15) - Success Stories and Learnings
- (16:51) - Supporting Founders and Building Teams
- (23:05) - Investment Philosophy and Alignment
- (28:30) - Oxford Capital's Broader Investment Universe
- (33:03) - The Future of Venture Capital and Liquidity Solutions
Action Points:
Back Founders, Not Just Technology: David emphasises the importance of founder-led teams, showing that startups with original founders in leadership roles significantly outperform. Look for founders with deep conviction and ownership over the business idea to increase the chances of success.
Keep Capital Structures Simple: Complex term sheets may impress on paper but often break down during tough times. Prioritise plain-vanilla deal terms that maintain alignment between founders and investors, which leads to better long-term outcomes.
Invest in Sectors with Shorter Timelines: Oxford Capital favours sectors like SaaS, AI, and FinTech where companies can scale quickly. Focus on businesses that don’t require years of development before reaching the market.
Facilitate Strategic Co-Investments: Effective syndicates with complementary investors bring more than just money. Build a network of co-investors who can contribute sector expertise, global reach, or future funding capacity.
Use Early Data and Engagement Signals: In the absence of financial metrics, look at user engagement and team dynamics. Early product testing and strong team rapport can indicate future traction and success.
David Mott: Founder Partner at Oxford Capital, David has spent 25 years investing in UK startups across sectors including AI, SaaS, FinTech, and digital health. A seasoned voice in venture capital policy, he has advised both UK and EU bodies and champions the role of private wealth in fuelling innovation.
Connect with David on LinkedIn
Susannah de Jager: Susannah is a seasoned professional with over 15 years of experience in UK asset management. She has worked closely with industry experts, entrepreneurs, and government officials to shape the conversation around domestic scale-up capital.
Connect with Susannah on LinkedIn
Subscribe to the Oxford+ Newsletter for exclusive content.
Oxford+ is hosted by Susannah de Jager and supported by Mishcon de Reya and Oxford North.
Produced and edited by Story Ninety-Four in Oxford.