Index FOWA

Everything you need to know about Venture Capital 20 February 2007 Ben Holmes Index Ventures

Who we are ,[object Object],[object Object],[object Object],[object Object],Index Ventures Selected Investments

Agenda ,[object Object],[object Object],[object Object],[object Object]

Venture Capital – Size of market ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Sources: Dow Jones VentureOne, Paul Fisher at FirstCapital

Venture Capital – How the VC makes money ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Venture Capital – Stages of Investment ,[object Object],Seed Early Stage Series A, (B) Later Stage (B),C,D… Pre-IPO / Buy-out Private Equity Potential Sources of Funds 0 - €1m Grant-funding University seed funds Friends and family Angel Investors (Venture Capital) € 2m-€20m Venture Capital (Wealthy) Angel investors € 5m-€20m Venture Capital € 30m+ Specialist Late stage tech investment funds Hedge Funds

Venture Capital – What a good VC will add ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

VC Case Study ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

VC Case Study ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Venture Capital – Typical Deal Terms ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],but that’s so unfair… Photo Source: Philip Greenspun, MIT

Good reasons to raise VC Large Potential Market Opportunity Unique Product Or Concept Excellent Development Capability Pre-requisites Intense competition likely Need to move rapidly Implications… Hiring Infrastructure VC funding supports Rapid Product Development Internationalisation Partnerships Commercialisation

When NOT to raise VC ,[object Object],[object Object],[object Object],[object Object],[object Object],Application is a feature not a product Market size is too small Motivation is not financial

The top tips… ,[object Object],[object Object],[object Object]

Identifying relevant VC partners ,[object Object],[object Object],Has funds to invest Match of Size/Stage/ Geography Relevant Portfolio No directly competitive investments Excellent track record Shortlist Good free sources on VC funding http://www.thealarmclock.com/euro/ http://www.vecosys.com

Getting on radar screens ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Sharing relevant information ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Pre - first meeting Pre - termsheet Post - termsheet ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],2-4 weeks 1-2 Months

Valuation should not be the decisive factor Value at exit Probability of getting there % share of business at exit Entrepreneur’s Equation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Key things to consider ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Right partner at a fair price vs. Any partner at best price

Thank you Ben Holmes Email : benh@indexventures.com Skype : ben_holmes Stardoll : binky2128

Index FOWA

Empfohlen

Empfohlen

Weitere ähnliche Inhalte

Was ist angesagt?

Was ist angesagt? (20)

Andere mochten auch

Andere mochten auch (11)

Ähnlich wie Index FOWA

Ähnlich wie Index FOWA (20)

Mehr von Saul Klein

Mehr von Saul Klein (13)

Kürzlich hochgeladen

Kürzlich hochgeladen (20)

Index FOWA