Young Rich lister Jack Delosa has $2m for profitable businesses that will ‘move civilisation forward’
Published 12 February 2015 21:41,
Updated 13 February 2015 12:31 Jack Delosa . . . ‘Yes the numbers are
important and we want the companies
we invest in to have begun showing
some profitability, but really we invest
in people.’
Founder of The Entourage business school, Jack Delosa, has joined the ranks of successful entrepreneurs seeking early equity in up-‐and-‐comers. Delosa and his two silent, minority partners in The Entourage have pooled $2 million with which they intend to take 20 per cent to 30 per cent stakes in between five and eight businesses. Delosa was valued at $25 million by the 2014 BRW Young Rich list. The fund’s first investment is a 2014 graduate of The Entourage’s flagship “Scaleable and Saleable” course, Jade Green, with her recruitment firm Velocity Consulting. Having previously opened new offices for two other recruiters, Green launched Velocity three years ago and has bootstrapped since. She will use the Entourage investment to hire more staff in Sydney and open a Melbourne office this year, with a target of being the largest specialist sales recruiter in the Asia Pacific region by 2021. “I like to think we’re not typical suit-‐and-‐tie investors,” Delosa says. “Yes the numbers are important and we want the companies we invest in to have begun showing some profitability, but really we invest in people. We want them to align with us as a values-‐driven organisation, to have a sense of purpose about moving civilisation forward with whatever they do.” While technology companies won’t be excluded from his radar, Delosa says they are well-‐served by other investors – he namechecks Blackbird Ventures, Startmate, BlueChilli, Dominet Digital and Pollenizer – and he will lean toward businesses in other sectors. Delosa’s private investment portfolio includes stakes in life sciences company QBiotics and a pre-‐IPO investment in Martin Jetpack. Potential investees can apply to the Entourage Growth Fund here.
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