Commenting on the fallout between HP and Autonomy at TechCrunch Disrupt last December, Lynch said: "It's a sad thing that happened in the end."
He added: "The UK model is there's no way of stopping a takeover. So when Hewlett Packard came along and wanted to make its offer, we couldn't stop them. The people that were doing it at the time, Leo and Shane (head of strategy), had an amazing strategy. What they wanted to do was to take the company, refocus it into this new age of big data and software and machine intelligence and that was exciting and we got convinced by them.
"We could see the future was that way. The problem was the week after the deal they get fired and we're left with a hardware group that used to call us the step-child. All the understanding of clever, high growth, software people wasn't there."
The Invoke Capital fund was formed in 2012 and Lynch is using it to invest in up and coming UK and European tech firms. Invoke isn't like a normal venture capital fund, instead turning to unnamed backers who give it capital as and when it wants to make investments. So far it backed around 10 technologies, according to Lynch, with tens of millions of pounds spent. However, only four companies are listed on the Invoke Capital website.