audio-thumbnail
Proof of Execution Replaces the Pitch Deck
0:00
/856.444807

Most accelerators and venture studios give founders advice. But founders don't fail because they lack advice—they fail because they can't execute fast enough when it matters most.

Cash is tight. Momentum is fragile. The next funding round feels impossibly far away. And while you're trying to preserve runway, your competitors are shipping.

Execution Capital exists to finance the work that actually gets done—not the pitch deck.

The Market Reality in 2026

Building software is cheaper than ever. Running it costs less every year. But here's the problem: it's also harder to defend.

Competition moves faster. Defensibility erodes quicker. And investors are concentrating capital on perceived winners, often driving valuations sky-high right when traction starts showing.

The teams that win will be the ones who compress time-to-proof and show measurable progress earlier than everyone else.

That's exactly where our model comes in.

Our Offer: £150k Co-Investment, Every Single Startup, Guaranteed

When you become an Execution Capital Operator, we don't "maybe" invest. We don't pick favorites from your cohort in the same term as you.

We co-invest £150k into every startup you accept. 100% of the time.

This works like a dedicated sidecar investment vehicle that automatically invests alongside you—but without any of the traditional investment vehicle management burden, costs, or multi-year setup timelines. It's evergreen, ring-fenced to your ecosystem, and ready to deploy from day one.

There are only three requirements:

  1. You run proper governance: selection criteria, due diligence, information rights (quarterly updates, event-driven notifications)
  2. Your founders commit minimum cash for the agreed work (we preserve runway, we don't replace financial discipline)
  3. You commit to the rule set: no side deals, everything documented, settlement only on shipped work

This isn't a demo partnership where one lucky company gets funding. It's a programme-level commitment designed to make your entire ecosystem stronger by default—not just when a unicorn happens to walk through the door.

What That £150k Actually Buys

Execution Capital is execution-first financing. When you accept a startup, we help convert a portion of their equity upside into an execution budget—deployed as milestone-based work packages (we call them "Tickets") with crystal-clear deliverables and acceptance criteria.

The rule is simple: work only settles when it ships.

Here's the operating loop:

  1. Scope the tickets → Define deliverables, milestones, acceptance criteria, and timeline
  2. Experts bid → Your network proposes with blended settlement (typically ~30% cash / ~70% GPUs)
  3. Execute and verify → Work gets done with clear outputs
  4. Settle on delivery → No delivery = no settlement
  5. Generate proof → Create Proof-of-Execution that compounds trust and investor readiness
The Startup Dilemma: Why Founders Are Forced to Choose—and How Execution Capital Breaks the Rule
The Startup Dilemma: Why Founders Are Forced to Choose—and How Execution Capital Breaks the Rule There’s a worn principle that every founder encounters, usually scrawled on a whiteboard or muttered by a battle-scarred advisor: FAST — CHEAP — GOOD. Pick two. It’s treated like gospel. An immutable law of business physics.

What Are GPUs?

GPUs (Growth Performance Units) are portfolio-specific execution units issued at your ecosystem level. They're not "a token narrative"—they're designed to keep economics clean and aligned.

Experts earn upside tied to the specific portfolio they helped build. Founders preserve runway while accessing senior talent early. Everyone's incentives point in the same direction.

Why This Model Changes Everything for Operators

1. You Stop Being a "Programme" and Become a Portfolio Growth Engine

Most Startup Programmes (Venture Studios, Incubators, Accelerators, Venture Builders, etc.) survive on fragile economics: grants, dual structure (fund), sponsorships, cohort fees, or long-dated equity that may never mature.

Our model introduces execution-linked activity that can generate revenue and measurable impact as companies build—not only at exit.

2. You Tap Into a Large, Pre-Built Expert Network That's Ready to Execute

Almost every accelerator claims they have "mentors and advisors." The problem isn't access—it's activation and incentives.

We've already built a substantial network of senior operators across AI, Fintech, and Healthcare. These aren't advisors who attend quarterly calls—they're execution-focused experts and service providers who bid on scoped work packages with skin in the game.

Execution Capital turns expertise into an outcome marketplace with clear scopes, governed negotiation, and a cash + upside structure that keeps senior people genuinely engaged. You get the activation layer without having to build or maintain the network yourself.

3. You Get a Sidecar Investment Vehicle Without the Burden of Fund Management

Think of this as having your own dedicated investment vehicle that invests alongside you into every portfolio company—but without any of the operational headaches, costs, or timelines that come with traditional fund management.

Here's what we bring:

Dedicated, Tax-Efficient & Compliant Vehicle
Each ecosystem gets its own ring-fenced, evergreen vehicle structure—designed for tax efficiency and full regulatory compliance from day one.

Complete Legal & Governance Framework
We provide the entire legal infrastructure: portfolio valuation systems, independent board members, comprehensive documentation templates, and governance protocols. Everything you'd expect from an institutional investment vehicle, none of the setup burden.

Large and Growing Expert Network
We've built a substantial network of senior operators across AI, Fintech, and Healthcare who are ready to execute. You're not starting from zero—you're plugging into proven execution capacity.

£5m Track Record
This isn't theoretical. We've already deployed £5 million into portfolio companies with visible outcomes and follow-on investor participation. The model works.

Advanced & Unique Software Platform
Our proprietary platform handles ticket scoping, expert matching, milestone tracking, settlement workflows, and proof-of-execution generation—capabilities you can't replicate with a simple SPV.

This is the infrastructure of a professional investment vehicle operating at scale—delivered as a service, not a project you have to build yourself.

4. Your Own Evergreen Sidecar "Fund", Ring-Fenced for Your Ecosystem

Each ecosystem gets a dedicated, ring-fenced portfolio vehicle that operates like a permanent sidecar fund—investing into every company you select, automatically.

No cross-contamination. No portfolio bleed. Your AI ecosystem doesn't carry the risk of someone else's healthcare strategy.

And because it's evergreen, there's no fund lifecycle clock ticking. No forced 10-year exit timeline. The vehicle continues to support your ecosystem as it grows, with the flexibility to adapt as your portfolio evolves.

This structural separation is what makes scaling possible—and what makes this fundamentally different from a simple SPV.

Why Startups Love This Model

1. They Execute Earlier With Far Less Cash

Startups don't need another slide review. They need senior operators to ship critical milestones—product builds, GTM execution, finance setup, regulatory compliance, security implementation, strategic hires—without burning runway like they've hired a full-time team.

The blended settlement (cash + GPUs) is designed specifically for this constraint.

2. They Turn "Support" Into Measurable Outcomes

  • Tickets replace vague advisory conversations
  • Acceptance criteria replace "good progress" updates
  • Founders arrive at investor meetings with proof instead of promises

This matters especially in AI, Fintech, and Healthcare, where credibility and compliance matter from day one.

3. They Keep Full Optionality for Their Next Round

Execution Capital is designed to be completely non-intrusive to follow-on investors.

The story becomes: "We shipped key milestones and de-risked the business with senior execution support."

Not: "We did some strange financial structure that's hard to explain."

It's execution finance. Governed, transparent, and investor-friendly.

Why Follow-On Investors Want to Get into Your Ecosystem

Follow-on investors don't just buy traction. They buy conviction.

And conviction increasingly comes from high-fidelity evidence: what shipped, how fast, with which operators involved, and what changed in the business as a result.

Execution Capital makes that evidence legible:

  • Milestone-level Proof-of-Execution rather than narrative-heavy updates
  • Repeatable execution cadence across your entire batch—not just one star performer
  • De-risked teams because senior execution is present before the inflection point

This is why the model naturally attracts follow-on investors into your ecosystem: it converts your pipeline into execution-verified deal flow—the thing every serious investor wants and almost no programme can produce consistently.

This Isn't Theoretical

We've already road-tested this model through a prior pilot where millions of pounds of senior execution were deployed into portfolio companies—with visible outcomes and follow-on investor participation.

We're Selecting a Small Number of 2026 Operator Partners

We're deliberately limiting the number of Operator partnerships we launch in 2026, because quality control matters more than logos.

Our focus sectors:

  • AI & Automation
  • Fintech & Financial Services
  • Healthcare / Bio / MedTech

Is This You?

If you run a venture builder, studio, accelerator, incubator, or programme with:

  • Strong founder access
  • A credible operator brand
  • A vibrant community

...then we should talk now—before the 2026 partner slate is full.

Next Step: Let's Talk

Connect with me on LinkedIn and message "Operator 2026" to book a meeting.

Kevin Monserrat: linkedin.com/in/kevinmonserrat

The Fractional Expert’s Dilemma: When Value Creation Doesn’t Equal Payment
Let me tell you about Darren. He’s a fractional CMO based in Glasgow. By the end of last year, he had what most would consider a stable setup: two anchor clients, doing solid work, creating real value. Then life happened. When Anchors Disappear Client one started struggling to raise capital.