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Scouting for Growth

Nick Pester: Growth Ventures and the Role of The Legal Counsel

Scouting for Growth

Sabine VdL

Business, Entrepreneurship

51.8K Ratings

🗓️ 3 March 2022

⏱️ 37 minutes

🧾️ Download transcript

Summary

On this episode, Sabine VdL interviews Nick Pester. Sabine has known Nick for over 4 years. They met when Nick showed strong interest in the tech startups accepted within Sabine’s accelerator programs and was willing to mentor them with advice when he was leading the Financial Services, Insurance & InsurTech practices at Capital Law. Nick moved from legal advice within a legal firm to becoming the group general of one of the leading InsurTech growth ventures in the UK. He is also an Advisor to the Chartered Insurance Institute and the Centre for Data Ethics & Innovation on Digital Ethics and the use of Artificial Intelligence in Insurance. On this podcast they catch-up to understand what the past 4 years has brought to him in terms of lessons learnt.

Transcript

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0:00.0

The Today I'm joined by Nick Pester. I know Nick for the four years. I met Nick when we were both in the world of intro tech. Nick actually was working for a leading legal firm and was interested in mentoring startup at the time and was willing to mentor the

0:39.2

startup which went through my accelerator. Then Nick move from legal advice within a legal firm to becoming the

0:48.4

group legal counsel in the leading in Schotek Growth Venture in the leading Institute Tech growth venture in the UK.

0:55.0

But also Nick was involved with actually as an advisor for the Chartered Insurance Institute where he worked on data ethics, innovation, and digitization of artificial intelligence in insurance. So I'm so thrilled to have Nick with us today. We know each other. Thank you for having me.

1:18.0

I can't believe it's actually for you. It's been nearly five years in fact. It's been a while. Yeah.

1:23.2

It's been a while and remember when you used to take me out for lunch.

1:27.2

And Patrick stocks, remember?

1:30.1

That was one of the perks of working for a law firm, right? You could take people out for lunch. I missed that. I do.

1:36.0

I used to have great lunch and enjoy the waterfront as St's stocks and great memories.

1:45.0

Very nice. Yeah.

1:46.6

So Nick, tell us, how are you to start with?

1:50.9

I'm good, thank you, Sabine.

1:52.2

It's been, it's been a funny 18 months or so I think I think it's actually

1:59.6

There have been some benefits some silver linings to the cloud if you life like I think it's it's led to people

2:04.9

reassessing priorities I think it's led to better work life balance I think obviously

2:10.6

flexible working which was already you you know, well, well underway in terms of direction of travel has picked up, you know, much more acceptability around people working from home and working where they need to work and working the hours they need to work to fit in with their lifestyle.

2:24.3

So it's it feels like a very, very different world in some respects to 18 months ago

2:30.5

but still, you know, very similar in other respects like, for example, how the insurance

2:36.1

market works and the things that still need to improve within the insurance market.

2:41.8

So tell us a little bit more. I mean, I've done a little bit more I've done a little bit of an introduction about you but tell us about you what make you take every day what got you into that legal career?

2:55.0

To be honest, I kind of fell into insurance to start with.

3:00.0

The firm that I applied to for a training contract was actually a media and entertainment specialist, which was one of my kind of things I was really interested in at the time. I think I had like these kind of visions of me advising big bands, you know, around the world and that type of thing and then actually they happen to have a really strong insurance practice and so I just started working with the insurance teams there and I just really enjoyed the fact that there was a dual layer to all of the to all of the legal aspects that you dealt with you had the insurance layer you the actual policy wordings and how that was interpreted.

...

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