Follow Us

We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message

Autonomy's Mike Lynch to head tech start-up fund

Mike Lynch and other former Autonomy execs will back entrepreneurs from around the world

Article comments

Autonomy founder Mike Lynch is planning to set up a technology investment fund for start-ups.

According to sources close to the situation, the fund will be based in London but invest in new companies around the world, Bloomberg reported, citing people with knowledge of the plans.

Lynch left HP in May, less than a year after Autonomy was acquired by the IT giant for $10.3 billion (£6.7 billion), with Lynch earning £500 million from the sale. According to sources, the entire Autonomy management team and 20 percent of all the British company’s staff had left since the HP takeover.

These include president Sushovan Hussein, chief financial officer (CFO) Steve Chamberlain, chief technology officer (CTO) Pete Menell, chief marketing officer Nicole Eagan, chief operating officer Andy Kanter, and Martina King, head of Lynch’s more recent pet project, the augmented reality platform Aurasma.

Former Autonomy executives are believed to be involved in Lynch’s new investment fund, and will use their expertise to help start-ups in its portfolio grow, Bloomberg said.

Lynch has previously voiced his support for start-ups, having grown Autonomy from a 10-strong group of entrepreneurs to a FTSE100 company.

Start-ups are where the opportunities lie for young IT people to lead change in the industry, he told Computerworld UK in an interview last year.

He also said that the UK government should encourage start-ups in the UK by giving IT entrepreneurs a capital gains tax break.

Read Mike Lynch's columns on CIO UK here



Share:

More from Techworld

More relevant IT news

Comments



Send to a friend

Email this article to a friend or colleague:

PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.

Techworld White Papers

Choose – and Choose Wisely – the Right MSP for Your SMB

End users need a technology partner that provides transparency, enables productivity, delivers...

Download Whitepaper

10 Effective Habits of Indispensable IT Departments

It’s no secret that responsibilities are growing while budgets continue to shrink. Download this...

Download Whitepaper

Gartner Magic Quadrant for Enterprise Information Archiving

Enterprise information archiving is contributing to organisational needs for e-discovery and...

Download Whitepaper

Advancing the state of virtualised backups

Dell Software’s vRanger is a veteran of the virtualisation specific backup market. It was the...

Download Whitepaper

Techworld UK - Technology - Business

Innovation, productivity, agility and profit

Watch this on demand webinar which explores IT innovation, managed print services and business agility.

Techworld Mobile Site

Access Techworld's content on the move

Get the latest news, product reviews and downloads on your mobile device with Techworld's mobile site.

Find out more...

From Wow to How : Making mobile and cloud work for you

On demand Biztech Briefing - Learn how to effectively deliver mobile work styles and cloud services together.

Watch now...

Site Map

* *