Michael Lynch (pictured), co-founder and former chief executive of software provider Autonomy, has set up Invoke Capital in order to bring a “gun” to the venture capital “knife fight”.

Lynch, paraphrasing a quote from the film Untouchables, said this was a phrase – “bringing a gun to a knife fight” – widely used at Autonomy before its acquisition by technology company Hewlett-Packard for £6.2bn plus cash in October and that he would apply to help deliver success as a venture…