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Investors slam Steven Bartlett’s ‘vulture’ Flight Fund terms

Steven Bartlett Flight Fund
Image credit: Olivia Spencer / Flight Fund

Founders and investors have criticised Steven Bartlett’s recently launched startup fund after pitch decks emerged showing it is asking for discounted valuations on investments in exchange for access to the Dragon’s Den star’s “network”.

The slide deck, posted to equity crowdfunding platform Seedrs but since removed, show that Bartlett’s Flight Fund is looking to take minority stakes in companies with a valuation of “at least” $100m that are approaching an exit in the next one to two years.

The fund is seeking a discount that is “typically 50%” for the “services of Steven” and what is “effectively a payment-in-kind”, the slides said.

Bartlett, who is also known for hosting “The Diary of a CEO” podcast, launched the Flight Fund in January....