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David Foreman
Managing Partner & Co-Founder at Praetura Ventures
David Foreman is the Managing Partner and Co-Founder of Praetura Ventures, a venture capital firm based in Manchester, England. He has been instrumental in the firm's mission to support early-stage, high-growth businesses, particularly in the North West of England. Since January 2023, he has held the title of Managing Partner after previously serving as Managing Director from January 2019 to January 2023.14
Professional Background
- Current Role: Managing Partner at Praetura Ventures (January 2023 - Present)
- Previous Role: Managing Director at Praetura Ventures (January 2019 - January 2023)
- Partner at Praetura Capital: June 2011 - January 2023
Foreman's experience spans over a decade in venture funding and corporate advisory, focusing on providing not just capital but also strategic support to entrepreneurs. Praetura Ventures emphasizes a "more than money" approach, offering resources and expertise to help businesses grow beyond financial investment.23
Education
David Foreman holds a Bachelor of Laws (LLB) degree from the University of Leeds, which he completed between 2000 and 2003.1
Philosophy and Insights
Foreman is known for his candid views on startup management. He advocates for founders to be actively involved in their businesses rather than stepping back too early into strategic roles. He argues that many startups are not yet mature enough to warrant such a shift and that this advice can lead to unnecessary complications and costs.5
Contributions to the Venture Capital Community
Under Foreman's leadership, Praetura Ventures has made significant investments in various companies, focusing on those with potential for substantial growth. The firm has invested over £20 million in 21 businesses since 2019, demonstrating its commitment to fostering innovation and entrepreneurship in the region.46
Highlights
There are two types of founders whose first business was a failure… Firstly, you have the battle-hardened, scars-on-the-back founders that have taken extreme accountability for any missteps and learned loads from the experience. And are desperate to go again, despite knowing how brutal it can be. These are the ones VCs are looking to back for a second time. And the rest? The ones who haven’t looked deeply into why the company failed and owned all mistakes as their own? They should probably go and get jobs. #founder #vcfunding #startups Ps. Absolutely no criticism intended around people who go from being a founder into a job. In fact, I think some founders would make great additions to a team and could absolutely thrive in the right role.
So much is now just expected of founders. Large addressable market, experienced team, early traction, signs of a great product. But how do you stand out when you’re fundraising? Create FOMO, build relationships, test what messaging lands best, lead with a story and help them see the future exit. And show investors why the window of opportunity to invest in you is closing soon. This is sales, just in a different wrapper. Treat it like any other campaign.
