Jonathan Goodwin (entrepreneur)

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Jonathan Goodwin
BornNovember 1972 (age 51)
NationalityBritish
Education Charterhouse
Alma mater University of Nottingham
OccupationMerchant banker
Known forAlvarium Investments, Founders Forum, Founders Pledge
Political partyConservative
SpouseHon. Flora Hesketh
Children6
Relatives Alexander Fermor-Hesketh, 3rd Baron Hesketh (father-in-law)
Alvarium Investments
TypeIndependent merchant bank
Founded2009
Headquarters
Mayfair, London
Area served
Global
Number of employees
200

Jonathan Philip Pryce Goodwin OBE (born November 1972 [1] ) is a British banker and investor. [2] He is partner, head of Merchant Banking at Alvarium Investments. His appointment followed the merger in March 2019 of Lepe Partners, the merchant bank he co-founded in 2011, with Alvarium which works across North America, Europe and Asia Pacific, supervising $15bn+ of assets. [3] [4] [5] With Brent Hoberman, Goodwin also co-founded Founders Forum, a network of digital entrepreneurs, corporate CEOs and senior investors. [6]

Contents

Goodwin is treasurer of the Centre for Policy Studies and a member of the Advisory Board on Planning and Development at the Victoria and Albert Museum. [7] [8] He is a former head of the investment pillar of the British Fashion Council. [9]

He has advised on more than 200 media deals, together worth over $20 billion. They include Chris Evans' purchase of Virgin Radio, the sale of Friends Reunited to ITV, the sale of Who Wants To Be A Millionaire and the merger of property websites Findaproperty.com, Primelocation.com and Zoopla. Recent M&A advisory projects include News Corps' £220m purchase of Wireless Group plc. [10] [11]

He was appointed an OBE in 2018 for services to the economy. [12]

Early career

After graduating from the University of Nottingham, Goodwin worked briefly at Coopers and Lybrand, [13] where for one assignment he was asked to compile two reports. One report was to be on a "fascinating" proposed deal in the media sector, the other involved research into car component manufacturers; at that moment Goodwin realised he would "prefer castration" to car parts: "Every deal I've worked on has been in and around the media sector since then", he told The Daily Telegraph in 2012. [14]

Goodwin then spent a year at private equity group Apax Partners, before leaving to join a News Corporation/Liberty Media-backed buyout of Talk Radio in 1997. He was appointed managing director of Talk Radio, which went on to become the foundation for The Wireless Group PLC, for which Goodwin was Group managing director under Kelvin Mackenzie. [15] [16]

In 2000 Goodwin and Julian Culhane co-founded LongAcre Partners, a corporate finance boutique. LongAcre worked with Elisabeth Murdoch, helping to build her TV production business Shine via a series of acquisitions. LongAcre was also involved in the £175m sale of  Friends Reunited to ITV. [17] LongAcre's investors included the law firm Olswang and private equity house Corsair. In 2007 LongAcre was sold to US investment bank Jefferies. Goodwin remained at Jeffries as head of Global Technology, Media and Telecommunications until 2010. [10]

Lepe Partners

In 2011 Goodwin and Culhane co-founded Lepe Partners, a merchant bank focused on the media internet and technology sectors. The company was named after a hamlet and beach in Hampshire where Goodwin spends his weekends. [18]

In addition to its advisory work, Lepe operated a venture growth fund which provided capital and strategic support to late stage venture growth opportunities in industry verticals. The fund was structured as a pledge fund based on annual commitments. Its portfolio included: Pharmacy2U, Boat International Media, CreativeLive, Masabi, and Festicket. The fund exited its investment in Wahanda (now Treatwell) in 2015, following a sale of the business to Recruit Holding. [19] [20] [21] Lepe also advised on investment deals for News Corp, Ministry of Sound and TalkTalk. [22] [23]

In 2019 Lepe Partners merged with Alvarium.

Founders Forum

In 2006 Goodwin and Hoberman created Founders Forum, a network for digital entrepreneurs, corporate CEOs and senior investors. The Forum has 1500 members and has become known as a Europe-based equivalent of Sun Valley, the Allen & Co retreat for media executives in the US. Speakers and attendees at previous Forum meetings include Sir Richard Branson, Arianna Huffington, Eric Schmidt, Reid Hoffman, Sean Parker,  Niklas Zennstrom, Mikitani Hiroshi, Ben Horowitz, Natalie Massenet, Charles Dunstone, Tony Fadell, Natalie Vodianova, Jessica Alba, Peter Gabriel, Ashton Kutcher, Jeffrey Katzenberg, Daniel Ek and Ari Emanuel. [24] [25]

Events are held in London, Paris, Madrid, Istanbul, Los Angeles, New York City, Rio de Janeiro, Mumbai, New Delhi, Qingdao and Singapore. In 2013 the Financial Times announced a media partnership with the Forum, presenting two awards at that year's London event. [26]

Also in 2013, Founders Forum and the British Government's UK Trade & Investment arm created the Technology Innovators' Forum (TIF-IN), which connects new UK businesses with influential heads of content, media and finance companies worldwide.

In 2009 Goodwin, Hoberman and other partners co-founded PROfounders Capital, an early stage fund backed by entrepreneurs for digital entrepreneurs. One of its first investments was UK-based TweetDeck, the online application sold two years later to Twitter for $40m. [27]

Founders Forum has launched a number of initiatives under the Founders aegis, including the executive search arm Founders Keepers and the strategic consultancy Founders Intelligence.

Philanthropy

Founders Pledge

In June 2015 Goodwin co-launched Founders Pledge, a UK- and US-registered charity to enable tech entrepreneurs to commit to donating at least 2% of their personal proceeds to philanthropic causes upon exit. [1] Founders Pledge's declared mission is to "strip down the barriers to charitable giving, making it easy for technology entrepreneurs to give back to society." The Pledge's service is paid for by sponsors, partners, and private donors, and is offered free to entrepreneurs. Founders Pledge also offers post-exit support, including charity sourcing, due diligence and impact reporting.

At launch, £18.5m was pledged by leaders of 50 UK technology companies, including  Alex Depledge of Hassle.com, José Neves of Farfetch, Ben Medlock from SwiftKey  and James Alexander of Zopa. Founder's Pledge has facilitated the giving of $15.5 million to charities of donors' choices and has secured a further $180 million in legally binding pledges. [28] [29]  

In March 2016 Founders Pledge launched Founders of the Future, a philanthropic initiative that uses artificial intelligence and recommendations to uncover entrepreneurial talent in the 15–35 age group who are not currently founders. [30]  

Founders Pledge has also entered partnerships with US seed accelerators MassChallenge and Y Combinator, to obtain pledges from their funded companies. [31] [32]  

Personal life

Goodwin is married to Flora Hesketh, the daughter of Alexander Fermor-Hesketh, 3rd Baron Hesketh, the former Conservative Party treasurer. [33]

Goodwin's hobbies include sailing. [34] In 2012 he campaigned the J/109 Harlequin, becoming the overall winner at Cowes Week 2012 for both the White Group, J/109 group, and Cowes Week overall.

Awards and recognition

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References

  1. ↑ "Jonathan Philip Pryce GOODWIN – Personal Appointments (free information from Companies House)". beta.companieshouse.gov.uk. Retrieved 28 January 2018.
  2. ↑ "Jonathan Goodwin's Official Profile on The Marque".
  3. ↑ "Jonathan Goodwin". The Guardian. Retrieved 12 August 2019.
  4. ↑ Murphy, Hannah (23 September 2018). "City veterans plan 'merchant bank for mega-rich millennials'" . Financial Times . Retrieved 1 October 2019.
  5. ↑ "Alvarium completes acquisition of Iskander, bolstering European reach". www.internationalinvestment.net. 21 March 2019. Retrieved 1 October 2019.
  6. ↑ "Jonnie Goodwin: the entrepreneur taking our top tech stars to". Evening Standard. 1 February 2013. Retrieved 1 November 2016.
  7. ↑ "Board – Centre for Policy Studies". cps.org.uk. Retrieved 1 November 2016.
  8. ↑ "Jonnie Goodwin | Web Science Institute | University of Southampton". University of Southampton. Retrieved 1 November 2016.
  9. ↑ "British Fashion Council – Jonathan Goodwin". britishfashioncouncil.com. Retrieved 1 November 2016.
  10. 1 2 Sweney, Mark (31 May 2007). "Jefferies buys LongAcre". The Guardian. ISSN   0261-3077 . Retrieved 1 November 2016.
  11. ↑ "Exciting times ahead as rules of media have changed". The Daily Telegraph. Retrieved 1 November 2016.
  12. ↑ "Honours List" (PDF).
  13. ↑ Your Business. "Digital stars tackle 'elitist' media and tech sectors". The Daily Telegraph. Retrieved 31 December 2012.{{cite news}}: |author= has generic name (help)
  14. ↑ "Digital stars tackle 'elitist' media and tech sectors". The Daily Telegraph. Retrieved 1 November 2016.
  15. ↑ "Talk Radio announces management shake-up" . Retrieved 1 November 2016.
  16. ↑ "Media star rises with legendary Sun editor". The Daily Telegraph. Retrieved 1 November 2016.
  17. ↑ Pictet. "The digital media investor and entrepreneur – Perspectives Pictet". perspectives.pictet.com. Retrieved 1 November 2016.
  18. 1 2 Edgecliffe-Johnson, Andrew (15 April 2015). "Goodwin departs Jefferies to set up bank". Financial Times. Pearson. Retrieved 1 November 2016.
  19. ↑ Gooch, James (7 December 2015). "Mobile Ticketing Leader Masabi Secures $12m Growth Funding From Keolis, Lepe Partners, MasterCard, and MMC Ventures". Masabi. Retrieved 1 November 2016.
  20. ↑ "Festival package site Festicket raises $6.3m | IQ Magazine". IQ Magazine. 1 July 2016. Retrieved 1 November 2016.
  21. ↑ "Goodwin departs Jefferies to set up bank".
  22. ↑ Burke, Lucy Burton and Tim (11 August 2016). "Ministry of Sound sale music to dealmaker's ears" . Retrieved 1 November 2016.
  23. ↑ Sweney, Mark (30 June 2016). "Rupert Murdoch's News Corp buys TalkSport owner in £220m deal". The Guardian. ISSN   0261-3077 . Retrieved 1 November 2016.
  24. ↑ "London: the new Silicon Valley?" . The Independent. 19 October 2013. Archived from the original on 14 June 2022. Retrieved 1 November 2016.
  25. ↑ "Lucian Grainge: Banging the drum for the UK in LA" . The Independent. 8 February 2013. Archived from the original on 14 June 2022. Retrieved 1 November 2016.
  26. ↑ InPublishing. "FT partners with Founders Forum" . Retrieved 1 November 2016.
  27. ↑ "Twitter acquires UK's TweetDeck for $40m". Financial Times. Retrieved 1 November 2016.
  28. ↑ "Entrepreneurs encouraged to pledge 2% of proceeds to charity following an exit – Startups.co.uk: Starting a business advice and business ideas". Startups.co.uk: Starting a business advice and business ideas. 2 March 2016. Retrieved 9 November 2016.
  29. ↑ "David Goldberg: 'Find the thing that gets you out of bed in the morning'". Varsity Online. Retrieved 9 November 2016.
  30. ↑ "A high-flying London tech entrepreneur rocked up to No. 10 in shorts and Ed Vaizey loved it". Business Insider. Retrieved 9 November 2016.
  31. ↑ Butcher, Mike (22 September 2016). "Y Combinator signs up to Founders Pledge charity scheme for social causes". TechCrunch. Retrieved 9 November 2016.
  32. ↑ UK, MassChallenge (3 March 2016). "MassChallenge Partners with Founders Pledge to Help Entrepreneurs Pay It Forward – MassChallenge Blog". Medium. Retrieved 9 November 2016.
  33. ↑ "Jonnie Goodwin: the entrepreneur taking our top tech stars to". standard.co.uk. 30 April 2015. Retrieved 28 January 2018.
  34. ↑ Louay Habib (17 August 2012). "Aberdeen Asset Management Cowes Week day seven | Racing news from". Yachting World. Retrieved 31 December 2012.
  35. ↑ "GQ and ei's 100 Most Connected Men 2014". British GQ. Retrieved 1 November 2016.
  36. ↑ WIRED. "The 2014 Wired 100". WIRED UK. Retrieved 1 November 2016.
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