Weitere ähnliche Inhalte Ăhnlich wie Butterfly ventures early stage investment philosophy - 18.6.2013 (20) KĂźrzlich hochgeladen (20) Butterfly ventures early stage investment philosophy - 18.6.20132. Juho Risku
⢠Involved with the web mid â90âs, sinceÂ
then at the very front of networkedÂ
technology and business innovation
⢠Serial entrepreneur, founder in fourÂ
companies, involved in hundreds ofÂ
projects, gathered millions of ventureÂ
financing and helped numerousÂ
startup entrepreneurs
⢠Outside of work: Big mountainÂ
freeriding, ice climbing andÂ
mountaineering , friend of goodÂ
literature food and wine
Email:Â juho@butterfly.vc
LinkedIn:Â http://fi.likedin.com/in/jriskuÂ
About.me:Â http://about.me/juho.risku
Juho Risku
⢠Involved with the web mid â90âs, sinceÂ
then at the very front of networkedÂ
technology and business innovation
⢠Serial entrepreneur, founder in fourÂ
companies, involved in hundreds ofÂ
projects, gathered millions of ventureÂ
financing and helped numerousÂ
startup entrepreneurs
⢠Outside of work: Big mountainÂ
freeriding, ice climbing andÂ
mountaineering , friend of goodÂ
literature food and wine
Email:Â juho@butterfly.vc
LinkedIn:Â http://fi.likedin.com/in/jriskuÂ
About.me:Â http://about.me/juho.risku
4. Board of Directors
Jukka Mäkinen
Chairman of the Board
Jari Pasanen
Member of the Board
The Team
Partners
Matti Kanninen
managing partner
Juho Risku
partner, co-founder
Antti Kosunen
partner, co-founder,
and Board member
6. Idea
15â90 k⏠200â400 k⏠1â2 M⏠xx MâŹ
Unqualified Qualified preâseed/seed Qualified expansion
Accelerating
StartUp
Financing
Financed â Exit
Go fast forwardÂ
or fail fast
ScoutingScouting
Basics Preparation
Proof ofÂ
concept
Scope of main interest
OperationalizationOperationalization
Scaleâup
ÎŁÂ < 500 k⏠Σ < 2.5 MâŹ
Fast forward, fail fast
First timeÂ
Investment
Follow upÂ
Investment
Follow upÂ
Investment
Follow
Exit
14. Decission making
Process
⢠Quick look
â ~25% into prospect = examinedÂ
in more detail
⢠Case selection
â Heuristic analysis and scoring
â Priorization: Each week, focusÂ
on top 3
⢠Deal scoping
â Business model and cash flowÂ
analysis
â Deal proposal
⢠Agreement and approval
Scoring criteria
⢠Market / market potential
⢠Founder team
⢠Product and business model
⢠Long term competitiveÂ
advantage / protection foÂ
market position
⢠Current situation
⢠Exit potential
⢠Financing requirements nowÂ
and in future