Our client is seeking 3 investing NEDs to join their board alongside their founders with the following area of expertise on top of having business strategy / growth experience in fast growing early-stage businesses, ideally with a background in the Online content ecosystem, Tech, Media or Marketing
- Experienced in Online Content creator’s ecosystem with good knowledge and well connected with social media industry to enable the company to gain access to partnerships with YouTube, Tiktok, Meta etc.
- CFO NED - Experienced with Unsecured loan management and fundraising experience in high growth companies with connections to support future fundraising activities
- AI/ML Tech NED - Experienced with UEX design, process automation and experience as a product manager for a tech company. Expertise that will help the company in its push towards utilizing AI to help creators analyze their data in real time and to prepare the process flow for the scaling phase.
The incoming Non-Executive Directors will be encouraged to become shareholders in the Company with an initial investment of a minimum of £50k to align their interests with that of the existing Board Members who are shareholders.
OLE has been approved for SEIS advance assurance tax scheme.
Market & Opportunities:
- OLE has registered its business in Q3/2023 and has launched its MVP in Jan 2024, and is currently making early revenue from content acquisition
- OLE has raised £75k and is currently raising additional capital to fund its content acquisition, product development, and team expansion. They expect to be raising a seed round by Q3/2024 to push for business scaling to the US.
- OLE started seeing that after its first quarter of business, the target market and major opportunity seems to be much more US and Canada focused than European market, therefore, they have planned to push to scale into the US starting from Q3/2024
- To expand the business, since the core model is very capital intensive, OLE has explored debt financing structures with very positive feedback. This could be a future financing route for OLE to scale its operations, and would minimise dilution for early investors
Applying for the role:
Candidates who feel they meet the above criteria are invited to apply having first registered their CV with First Flight Non-Executive Directors (if they have not already done so – there is no charge) by using our “Apply for Role” tab for role no: 1214 and completing the application form explaining how they match the key criteria we have set out for the role. Applicants that go forward to interview stage will be asked to sign a self-certification form as either a sophisticated investor or high net worth individual.
Closing date for applications: 26th April 2024
