David Glick at Business Creativity, Lee McQueen and Venture Capital

David Gleick is in the business of creativity. For him, creativity not only offers a strong return, but also benefits the whole community.

Glick learned the value of buying and selling intellectual property while working as an entertainment and media lawyer, typically transacting between 15 million and 50 50 million. He eventually sold the business to law firm Michigan de Rhea and later set up a media business. Several close contacts of the industry. The business grew rapidly, listing on the London Stock Exchange before being acquired by DreamWorks. This is now the DreamWorks children’s department.

“I like this story because I think the main thing as an entrepreneur is that you don’t want to get lost, the second is to get out, and the third thing you want to get out is to get out really well. , ”Says Glick. “When the acquisition is a long-term success it shows that the business you created was really valuable to the community.”

She then went on to partner in the fashion business, which grew rapidly. The business was Alexander McQueen.

“My friend, Lee McQueen, was really talented. He was talented. While he was alive, we set up a charity to help extraordinarily gifted creators who didn’t have the financial means to pursue their creativity. When McQueen died, it was left to him and Trento, McQueen’s best friends and collaborators. Owners of Gucci, Yves St. Laurent, Balenciaga and other brands).

Gleick’s experiences led him to realize that he was good at making money and passing this income on to production companies to make some positive contributions to the community. As an angel investor he invested in companies himself, and through funds on behalf of others. Glick believes that target-driven businesses will do much better than those that focus solely on profit. “Edge VC is a very purposeful business,” he says.

“People enrich people’s lives through their consumption, not only on a mythical basis, but it also promotes technological advancement and contributes to the overall well-being and self-respect of the community,” says Glick. She likes it a great workaholic, which leads her to their second passion: “One of the great things in life for me is social movement. I feel that if you don’t have social movement, then you really are a You don’t have a civilized society. That’s why revolutions happen in some countries. I like that the creative economy is a great engine of work and creates high quality jobs – jobs with self-respect, “he adds.

“With the increasing acceptance of AI, the tasks of the creative industry may be the ultimate center of humanity,” says Glick. “While creativity respects scientific and intellectual ability, it also respects ability, hard work, perseverance and determination.” He believes that creative economics plays an important role in the development of social mobility by recognizing not only academic success, but also talent and enthusiasm.

The edge is the bridge between the private capital markets and the creative world. The creative sector has historically been undervalued by private equity markets, and traditional investment tools have failed to define their true value, according to Glick.

Glick feels that the creative economy has access to financial problems. Edge focuses on two types of business: those that start out profitable but need £ 1-2 million and those that need £ 10-20 million to accelerate. He thinks the lazy assumption that the creative industry is dangerous hurts the economy. “People are beginning to understand this better but have more difficulty understanding intellectual property than real property.” He believes that the IP management system needs to be updated and this is a more advanced idea in Europe than in the United States.

The plague has accelerated many changes, Glick says. As a fundraiser and as a business, Edge is always looking to identify trends and technological advances that affect creativity, then find a business that will benefit from it.

During the plague, a whole bunch of digitally literate people emerged that if not online would not be regularly ‘available’. In their 50s, 60s and 70s people now shop online, play games online and use tools like Zoom and Facebook and social media for communication. These developments were not expected. Technology businesses are always looking to bring their technology to younger and younger audiences, but now a whole new market has emerged that no one expected.

When it comes to Edge’s investment strategy, Glick says he “looks at businesses with management teams that can run the business, companies that can define a category with global aspirations. We’re looking for those companies.” One that seeks to succeed not only in the UK but throughout Europe, the US and the world. Everything we invest in integrates technology into a business model. We know our sector like no other and we We are very clear about the business we want to return to. We are fast and decisive once we get to know them. Our relationship with them and their founders is really important.

Glick hopes: “I want to build a business that will continue to grow. I want it to grow as efficiently as the Anderson Horwitz a16z, not only making money, but also providing real skills to companies. We already have We do this, we have an interesting panel of consultants, but I want to expand and build it.

“Personally, I want to help 25-30 standard businesses, 5 exceptional category leaders, 10,000 jobs and around 100 entrepreneurs, whether starting a new business or an investor themselves, because I think it will leave. .A true sign in the creative world and society, ”he says.

“Then,” he joked, “I can even retire!”

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