About Us - LettsGroup - A branded incubator group

Venture capital reinvented

The venture capital industry is fundamentally changing thanks to AI and blockchain. LettsGroup is a part of that change.

The Letts family has an extraordinary history going back to 1796 when John Letts opened a store and publishing business in the city of London. It was one of the earliest examples of a corporate incubator. In 1812 he invented the commercial diary. 225 years later the family is still innovating.

Today LettsGroup is an AI venture group run by Philip Letts, the 7th generation of the eponymous diary family. He is reinventing venture capital in the AI era and developing the group for the 21st Century.

Our values are no different today. They include innovation, sustainability, quality, integrity and family.

Innovation delivery and financing is still in its infancy

Artisanal approach to business building

Overly dependent on analogue processes and individual heroes

Historically delivers just 1 successful venture out of 10

Success rate for corporate venture building even lower, more like 1 in 15 or 20

The approach to venture building and ‘founder mode’ is ad hoc, without a standard methodology or system

We offer a different approach to building ventures with our AI-powered playbook, innovation methodology and VentureFactory system. We call it startup intelligence.

In the 1990’s we organised the Exhibition of Pompei in London and launched Gianni Versace in the UK.

Photo of a designer with 4 models, 2 to his right and 2 to his left

By the early 2000's the family had divested its paper based products and businesses and the 21st Century LettsGroup was born. We developed our innovation methodology and built our AI VentureFactory. Starting in 2019 we backed and built our first cohort of ventures in Web3 and AI.

Our previous ventures created the world's first cryptocurrency, one of the first smartphone operating systems and a creative services marketplace.