Cornerstone Partners is the first Angel Investor Network exclusively focused on investing in UK based black-owned businesses. Cornerstone: 2.0 is a brand new nine-week program for 25 Black-only businesses to significantly grow their network of investors, expand their business operations and absorb cutting-edge knowledge over a period of 9-weeks. 

Cornerstone 2.0 will run at the prestigious Level39 in Canary Wharf with sweeping views of London and will be the UK’s first scale-up program designed exclusively for emerging businesses run by black founders aiming to catapult their ventures to the next level of growth. We’re making history.
 
Delivered over 9 weeks, Cornerstone 2.0 combines advanced business training from serial entrepreneurs and renowned speakers, expert support and coaching to help growth-stage ventures accelerate their success. Cornerstone Partners have invested over £250,000 within the last year into private black-owned and are specifically looking for black ventures which are SEIS/EIS qualified that require under £100K to grow within the next 12 months. 
 
Two hours of networking coaching, mentoring, advice in-person, each week in the evening for 9 weeks culminating in a final pitch day (demo day) is what it takes.


If you are successful in being invited onto the program, you will be asked to pay an administration cost of £199. This money is used to ensure the program is coordinated well and the participants remain committed. That's an average of £12.45 an hour contribution to accelerating your business' success.

APPLICATION DEADLINE EXTENDED TO SEPTEMBER 22ND!

Who is it for?

Cornerstone: 2.0 is best suited to growing UK based ventures less than 7 years old or SEIS/EIS qualified, who have an annual turnover of approximately £50K+, have 2 or more members of staff and are seeking equity investment or loan finance in the next 6-12 months.

What's involved?

  • Nine-week structured learning plan

  • Group and one-to-one expert coaching sessions

  • Access to funding networks & community of ambitious founders

  • Complete the program for a chance to secure investment from Cornerstone Partners

Topics Covered

  • How to hire good people

  • How to identify and influence your value drivers

  • How to model and manage your cashflow

  • How to build a sales team

  • How to get a return on your marketing spend

  • How to scale your operations

  • The role of legal, accounting and corporate finance

  • How to raise capital

A word from Cornerstone Partners

Cornerstone Partners is the first Angel Investor Network focused exclusively on investing in UK based businesses, owned and run by black founders.

In 2018 we grew from 6 partners to 20 partners and within a year our AUM grew from circa. > £30,000 to > £500,000 with a clear path to reaching >£1m in early 2020.  We're excited to be partnering with Foundervine to host Cornerstone: 2.0 for growth-stage ventures seeking funding. We look forward to welcoming ventures to Cohort I.

 

FAQ

How do I apply

Applications are open now and close on September 22nd 2019. Apply here.

Who are Cornerstone Partners?

Cornerstone Partners is a unique limited liability partnership consisting of 20 equal partners. They currently have over £500,000 in assets under management and have managed to raise this capital purely through investments and self funding. They are now on track to turn their £500,000 AUM into £750,000 before the end of the year and >£1M by early 2020.

 

They have invested approximately £250,000 into private black owned businesses since they expanded to 20 partners in early 2018 and collectively the partners represent various different industries including: Private Equity, Investment Banking, Asset Management, Capital Markets, Technology and Professional Services to name a few.

 

Many of their members sit on executive boards and the group have significant professional and director level experience in the following:

 

  • Tier 1 Investment Banking helping clients raise money in capital markets issuing debt or selling equity in the companies

  • Private Equity and Venture Capital financing providing funds to small, early-stage, emerging businesses that are deemed to have high growth potential, or which have demonstrated high growth in terms of number of employees, annual revenue, or both

  • Entrepreneurs in technology start ups, internet, software, hardware, tools, fashion and beauty, food and beverage franchises and Fin-tech technologies supporting apps

  • Professional services / Legal focusing on corporate/M&A, capital markets, litigation, banking and finance, restructuring and insolvency, antitrust and tax.

  • “Big Four” Managing Consultancy / Advisory within Capital Markets and Asset Management focusing on Target Operating Model Design (TOM), Cost optimisation and Operational transformation capabilities

 

Their wealth of experience in business and industry coupled with their mission of empowering the black community through financial backing, mentorship, education and support make them the ideal organisation to support the growth of your venture.

 

Cornerstone are proud to be launching their first Scale-Up Program in October 2019.

What will Cornerstone 2.0 do for my business?

Your team will embark on a nine-week program with a cohort of entrepreneurs. You will receive training on:

  1. Raising Capital

  2. Marketing and Sales

  3. Scaling your Operations

  4. Financial Modelling 

  5. Storytelling and Pitching

  6. and more...

 

You will receive bespoke mentorship for the duration of the program (with the potential to extend this further). Our goal is to help your businesses thrive and if needs be, to give you room to pivot or completely change direction.

 

We want you and your venture to graduate from the program excited and fully prepared to execute your future plans.

Can anybody apply to be part of the cohort? 

This is the program for you if:

  • You already have customers and you’re ready to get more

  • You’re full-time, or almost full-time on your business

  • You're ready to raise funding for your business

  • You want to connect with other ambitious, diverse entrepreneurs 

What are the key program dates?

Applications open - 31st July

Applications close - 22nd September 

Video Interviews - 16th - 28th September 

Final allocation - 30th September 

Program Launch - 8th October 

Program Close / Demo Night - 3rd December 

Please note that you will need to be available to attend a video interview between 16th - 28th September. 

What type of businesses can apply?

The Cornerstone Partners Scale-Up Program is best suited to growing London based ventures less than 7 years old or SEIS/EIS qualified, who have an annual turnover of approximately £50K or greater. members of staff and are seeking equity investment or loan finance in the next 18-24 months.

If successful, will I receive funding from Cornerstone 2.0?

Funding is obviously a critical element for the success of your venture.  

Cornerstone 2.0 is designed to give you education and development so that the business is capable of attracting investment. Foundervine (delivery partner) or Cornerstone Partners (Angel Network) will not organise the fundraising but will be able to support you through the fundraising process. 

 

We provide you with all of the tools to build a great business but your passion and drive are the key ingredients.

Our program ends with a Demo Night which gives you the opportunity to tell your story to a room full of key stakeholders. 

What does the program cost?

The cost of the program is over £2,250. We are pleased to be able to offer the program at £199 per venture thanks to subsidies provided through the Cornerstone Network and Foundervine. Payment will be due within 14 days of confirmation of your place on the program. 

When is payment due?

 

Payment will be due within 14 days of confirmation of your place on the program. 

Do I need to live in London to apply?

No, we are keen to build a UK-wide cohort. However, you will need to travel to central London at least once a week for the duration of the program.

How can I contact you for future questions?

For further questions, please contact Foundervine at hello@foundervine.com 

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