Jam Tomorrow

Directorbank recently announced it is taking equity stakes in young companies in lieu of their fee for placing staff. A number of Connect Yorkshire partners also work with companies on a contingency basis and look to take a stake in return for the effort they put in. Is this a good idea? It can be a good way of building trust and aligning the interests of the advisor with that of the company. I am surprised more service providers aren't prepared to take a punt and put their money where their mouth is. One our sponsors Winburn Glass Norfolk is well known for its innovative approach in this area.