SlideShare ist ein Scribd-Unternehmen logo

Finding the next Waze: The OurCrowd Due Diligence Process

•
•
OurCrowd
OurCrowd

Breaking down the Waze Investment: Google just paid over $1 billion to acquire the Israeli social driving app.

Wirtschaft & FinanzenBusiness
1 von 32
Downloaden Sie, um offline zu lesen
Finding the next Waze: An insider view of startup investing and due diligence How to conduct professional due-diligence Creating a winning investment checklist Breaking down the Waze investment: From startup to $ billion exit Tuesday, July 30, 13
Zack Miller, OurCrowd Head of Investor Community David Stark, OurCrowd Investment Associate Meet OurCrowd’s Team OurCrowd: 7 months since launch, OurCrowd has invested $17M in 26 startups Tuesday, July 30, 13
Waze/Google Deal • >$1 billion • team gets to stay in Israel • Israel and the consumer web Tuesday, July 30, 13
The investment case for Israel Tuesday, July 30, 13
The investment case for Israel Tuesday, July 30, 13
Special Guest: Gadi Mazor OurCrowd General Partner/CTO Tuesday, July 30, 13
2008 BlueRun leads $12M round, Magma and Vertex join Same investors Qualcomm Ventures: $25M round, $95M valuation 2010 2011 $30M round inc Kleiner Perkins, $200+M valuation 2013 Google buys Waze app for $1.1 billion Waze:Anatomy of a super investment “Our bet was basically that they could disrupt old-fashioned cartography, and that they were at just the right time to begin trying it.” -- BlueRun’s John Malloy 2.2M users 7M users Tuesday, July 30, 13
“We’ll also work closely with the vibrant Waze community, who are the DNA of this app, to ensure they have what’s needed to grow and prosper. The Waze community and its dedicated team have created a great source of timely road corrections and updates. We welcome them to Google and look forward to working with them in our ongoing effort to make a comprehensive, accurate and useful map of the world. ” Posted by Brian McClendon,Vice President, Google Tuesday, July 30, 13
Where to find the next Waze (or, how do I invest in the next $billion exit)?? Tuesday, July 30, 13
Building deal flow pipeline Sources of dealflow • web, email, referrals • tech events ❖ Resources: TechAviv, Garage Geeks, incubator demo days • proactive sourcing • Jeff Pulver’s Twitter investment (just a Tweet away) ❖ Resources: OurCrowd, AngelList, CrunchBase, blogs/articles Tuesday, July 30, 13
Initial screening process • Elevator Pitch • (big) * (idea, market, team) ❖ disruptive idea ❖ market > $500M ❖ team = serial • Coffee Chat with Founder(s) ❖ Blink theory: experience breeds good intuition • Pitch Deck Tuesday, July 30, 13
In-depth diligence • Follow-up meetings with management • Research: biz plan, competition, industry trends/forecasts, intellectual property, financial projections, HR • Customer/strategic partner interviews (see handout) • Industry experts/mentors ❖ Resource: DIY Expert Networks (see Quora, Laughing atWall Street) • Scorecarding (see handout) Tuesday, July 30, 13
Legal negotiation/diligence •Term sheets • Valuation • Common vs. Preferred • Important rights and protections ❖ Resource: Passion Capital Plain English Term Sheet, Founders Fund Transparent Term Sheet • legal diligence, final review... Tuesday, July 30, 13
The morning after... from investor to mentor • Can I add value? • customers/partners/ hires/investors • perfect balance • annoying <--> helping • aligned expectations Tuesday, July 30, 13
How will OurCrowd identify the next Waze? Tuesday, July 30, 13
...the 6 point investment checklist Tuesday, July 30, 13
So, how does Waze score? 1. Great team 2. Large market 3. Easy to understand 4. Traction 5. Sponsorship 6. A good deal ✓ ✓ ✓ ✓ ✓ Tuesday, July 30, 13
#1: Great team Tuesday, July 30, 13
AE-Squared founders have sold 3 companies between the two of them Case Study:AE- Squared’s great team Tuesday, July 30, 13
#2: Large market Tuesday, July 30, 13
Fireblade multibillion dollar market of website security anti-bots, anti-scraping Case Study: Fireblade’s billion dollar market Tuesday, July 30, 13
#3: Easy to understand Tuesday, July 30, 13
Abe’s Market Amazon for green products Case Study:Abe’s Market is easy tounderstand Tuesday, July 30, 13
#4:Traction Tuesday, July 30, 13
Kela Existing customers include Fortune 100 + top hedge funds large pipeline 250% revenue growthYoY Case Study: Kela’straction Tuesday, July 30, 13
#5: Sponsorship Tuesday, July 30, 13
Argo/ReWalk top Israeli venture capital investors (Pontifax, Israel HealthCareVentures, SCP Vitalife) Case Study:Argo’s sponsorship Tuesday, July 30, 13
#6: Good deal Tuesday, July 30, 13
Parko investment made at good valuation Case Study: Parko’s early stage valuation Tuesday, July 30, 13
Summary • Waze exemplifies a new type of Israeli startup • Conduit,Wix, Mobileye, GetTaxi • Finding quality angel investments requires a formal process • OurCrowd is helping make investing in startups easier and accessible ➡Now, for accredited investors and hopefully in the near future, open to all investors Tuesday, July 30, 13
Any questions? Zack Miller, Head of Investor Community email: zack@ourcrowd.com phone: +1.914.401.6422 Tuesday, July 30, 13
Accredited investor? Register now OurCrowd.com Sign up blog.OurCrowd.com OurCrowd Newsletter Tuesday, July 30, 13

Empfohlen

AppVirality.com - Investor Pitch Deck
AppVirality.com - Investor Pitch DeckAppVirality.com - Investor Pitch Deck
AppVirality.com - Investor Pitch DeckLaxman Papineni
 
How Wealthsimple raised $2M in 2 weeks
How Wealthsimple raised $2M in 2 weeksHow Wealthsimple raised $2M in 2 weeks
How Wealthsimple raised $2M in 2 weeksWealthsimple
 
Square Pitch Deck
Square Pitch DeckSquare Pitch Deck
Square Pitch DeckVishal Kumar
 
Linkedin Series B Pitch Deck
Linkedin Series B Pitch DeckLinkedin Series B Pitch Deck
Linkedin Series B Pitch DeckJoseph Hsieh
 
Sequoia Capital Pitch Deck Template
Sequoia Capital Pitch Deck TemplateSequoia Capital Pitch Deck Template
Sequoia Capital Pitch Deck TemplateMalcolm Lewis
 
Social Commerce Summit
Social Commerce SummitSocial Commerce Summit
Social Commerce SummitAndy Ellwood
 
Waze, the mobile location landscape; avichai bakst
Waze, the mobile location landscape; avichai bakstWaze, the mobile location landscape; avichai bakst
Waze, the mobile location landscape; avichai bakstMatthew Robinson
 
SEOmoz Pitch Deck July 2011
SEOmoz Pitch Deck July 2011SEOmoz Pitch Deck July 2011
SEOmoz Pitch Deck July 2011Rand Fishkin
 

Empfohlen

AppVirality.com - Investor Pitch Deck
AppVirality.com - Investor Pitch DeckAppVirality.com - Investor Pitch Deck
AppVirality.com - Investor Pitch DeckLaxman Papineni
 
How Wealthsimple raised $2M in 2 weeks
How Wealthsimple raised $2M in 2 weeksHow Wealthsimple raised $2M in 2 weeks
How Wealthsimple raised $2M in 2 weeksWealthsimple
 
Square Pitch Deck
Square Pitch DeckSquare Pitch Deck
Square Pitch DeckVishal Kumar
 
Linkedin Series B Pitch Deck
Linkedin Series B Pitch DeckLinkedin Series B Pitch Deck
Linkedin Series B Pitch DeckJoseph Hsieh
 
Sequoia Capital Pitch Deck Template
Sequoia Capital Pitch Deck TemplateSequoia Capital Pitch Deck Template
Sequoia Capital Pitch Deck TemplateMalcolm Lewis
 
Social Commerce Summit
Social Commerce SummitSocial Commerce Summit
Social Commerce SummitAndy Ellwood
 
Waze, the mobile location landscape; avichai bakst
Waze, the mobile location landscape; avichai bakstWaze, the mobile location landscape; avichai bakst
Waze, the mobile location landscape; avichai bakstMatthew Robinson
 
SEOmoz Pitch Deck July 2011
SEOmoz Pitch Deck July 2011SEOmoz Pitch Deck July 2011
SEOmoz Pitch Deck July 2011Rand Fishkin
 
AdPushup Fundraising Deck - First Pitch
AdPushup Fundraising Deck - First PitchAdPushup Fundraising Deck - First Pitch
AdPushup Fundraising Deck - First Pitchadpushup
 
Zenpayroll Pitch Deck Template
Zenpayroll Pitch Deck TemplateZenpayroll Pitch Deck Template
Zenpayroll Pitch Deck TemplateJoseph Hsieh
 
The deck we used to raise $270k for our startup Castle
The deck we used to raise $270k for our startup CastleThe deck we used to raise $270k for our startup Castle
The deck we used to raise $270k for our startup Castleentercastle
 
SteadyBudget's Seed Funding Pitch Deck
SteadyBudget's Seed Funding Pitch DeckSteadyBudget's Seed Funding Pitch Deck
SteadyBudget's Seed Funding Pitch DeckShape Integrated Software
 
The 10 most interesting slides that helped our SaaS company raise 9 million
The 10 most interesting slides that helped our SaaS company raise 9 millionThe 10 most interesting slides that helped our SaaS company raise 9 million
The 10 most interesting slides that helped our SaaS company raise 9 millionGoCanvas
 
Swipes pitch deck for Beta Pitch 2013 Finals in Berlin
Swipes pitch deck for Beta Pitch 2013 Finals in BerlinSwipes pitch deck for Beta Pitch 2013 Finals in Berlin
Swipes pitch deck for Beta Pitch 2013 Finals in BerlinSwipes App
 
500’s Demo Day Batch 16 >> Podozi
500’s Demo Day Batch 16 >> Podozi500’s Demo Day Batch 16 >> Podozi
500’s Demo Day Batch 16 >> Podozi500 Startups
 
Fittr Pitch Deck
Fittr Pitch DeckFittr Pitch Deck
Fittr Pitch Decknolanperk
 
The Deck We Used to Raise $1M Seed Round
The Deck We Used to Raise $1M Seed RoundThe Deck We Used to Raise $1M Seed Round
The Deck We Used to Raise $1M Seed RoundBen Lang
 
Dwolla Startup Pitch Deck
Dwolla Startup Pitch DeckDwolla Startup Pitch Deck
Dwolla Startup Pitch DeckJoseph Hsieh
 
Manpacks
ManpacksManpacks
Manpacks500 Startups
 
The investor presentation we used to raise 2 million dollars
The investor presentation we used to raise 2 million dollarsThe investor presentation we used to raise 2 million dollars
The investor presentation we used to raise 2 million dollarsMikael Cho
 
Foursquare's 1st Pitch Deck
Foursquare's 1st Pitch DeckFoursquare's 1st Pitch Deck
Foursquare's 1st Pitch DeckRami Al-Karmi
 
AirBnB Pitch Deck
AirBnB Pitch Deck AirBnB Pitch Deck
AirBnB Pitch Deck Malcolm Lewis
 
Mint.com Pre-Launch Pitch Deck
Mint.com Pre-Launch Pitch DeckMint.com Pre-Launch Pitch Deck
Mint.com Pre-Launch Pitch DeckHiten Shah
 
Mixpanel - Our pitch deck that we used to raise $65M
Mixpanel - Our pitch deck that we used to raise $65MMixpanel - Our pitch deck that we used to raise $65M
Mixpanel - Our pitch deck that we used to raise $65MSuhail Doshi
 
The slide deck we used to raise half a million dollars
The slide deck we used to raise half a million dollarsThe slide deck we used to raise half a million dollars
The slide deck we used to raise half a million dollarsBuffer
 
Apresentação perimetral - Waze e ônibus
Apresentação perimetral - Waze e ônibusApresentação perimetral - Waze e ônibus
Apresentação perimetral - Waze e ônibusPablo Cerdeira
 
Everything You Need to Know about Preemptive Rights
Everything You Need to Know about Preemptive RightsEverything You Need to Know about Preemptive Rights
Everything You Need to Know about Preemptive RightsOurCrowd
 
[ACA webinar] Investor Experiences with Online Equity Platforms
[ACA webinar] Investor Experiences with Online Equity Platforms[ACA webinar] Investor Experiences with Online Equity Platforms
[ACA webinar] Investor Experiences with Online Equity PlatformsOurCrowd
 
Webinar: Q&A with XPRIZE and HeroX founders
Webinar: Q&A with XPRIZE and HeroX foundersWebinar: Q&A with XPRIZE and HeroX founders
Webinar: Q&A with XPRIZE and HeroX foundersOurCrowd
 
Conquering The Term Sheet Everything You Need To Know About Deal Terms Part 3
Conquering The Term Sheet Everything You Need To Know About Deal Terms Part 3Conquering The Term Sheet Everything You Need To Know About Deal Terms Part 3
Conquering The Term Sheet Everything You Need To Know About Deal Terms Part 3OurCrowd
 

Weitere ähnliche Inhalte

Andere mochten auch

AdPushup Fundraising Deck - First Pitch
AdPushup Fundraising Deck - First PitchAdPushup Fundraising Deck - First Pitch
AdPushup Fundraising Deck - First Pitchadpushup
 
Zenpayroll Pitch Deck Template
Zenpayroll Pitch Deck TemplateZenpayroll Pitch Deck Template
Zenpayroll Pitch Deck TemplateJoseph Hsieh
 
The deck we used to raise $270k for our startup Castle
The deck we used to raise $270k for our startup CastleThe deck we used to raise $270k for our startup Castle
The deck we used to raise $270k for our startup Castleentercastle
 
The 10 most interesting slides that helped our SaaS company raise 9 million
The 10 most interesting slides that helped our SaaS company raise 9 millionThe 10 most interesting slides that helped our SaaS company raise 9 million
The 10 most interesting slides that helped our SaaS company raise 9 millionGoCanvas
 
Swipes pitch deck for Beta Pitch 2013 Finals in Berlin
Swipes pitch deck for Beta Pitch 2013 Finals in BerlinSwipes pitch deck for Beta Pitch 2013 Finals in Berlin
Swipes pitch deck for Beta Pitch 2013 Finals in BerlinSwipes App
 
500’s Demo Day Batch 16 >> Podozi
500’s Demo Day Batch 16 >> Podozi500’s Demo Day Batch 16 >> Podozi
500’s Demo Day Batch 16 >> Podozi500 Startups
 
Fittr Pitch Deck
Fittr Pitch DeckFittr Pitch Deck
Fittr Pitch Decknolanperk
 
The Deck We Used to Raise $1M Seed Round
The Deck We Used to Raise $1M Seed RoundThe Deck We Used to Raise $1M Seed Round
The Deck We Used to Raise $1M Seed RoundBen Lang
 
Dwolla Startup Pitch Deck
Dwolla Startup Pitch DeckDwolla Startup Pitch Deck
Dwolla Startup Pitch DeckJoseph Hsieh
 
The investor presentation we used to raise 2 million dollars
The investor presentation we used to raise 2 million dollarsThe investor presentation we used to raise 2 million dollars
The investor presentation we used to raise 2 million dollarsMikael Cho
 
Foursquare's 1st Pitch Deck
Foursquare's 1st Pitch DeckFoursquare's 1st Pitch Deck
Foursquare's 1st Pitch DeckRami Al-Karmi
 
Mint.com Pre-Launch Pitch Deck
Mint.com Pre-Launch Pitch DeckMint.com Pre-Launch Pitch Deck
Mint.com Pre-Launch Pitch DeckHiten Shah
 
Mixpanel - Our pitch deck that we used to raise $65M
Mixpanel - Our pitch deck that we used to raise $65MMixpanel - Our pitch deck that we used to raise $65M
Mixpanel - Our pitch deck that we used to raise $65MSuhail Doshi
 
The slide deck we used to raise half a million dollars
The slide deck we used to raise half a million dollarsThe slide deck we used to raise half a million dollars
The slide deck we used to raise half a million dollarsBuffer
 
Apresentação perimetral - Waze e ônibus
Apresentação perimetral - Waze e ônibusApresentação perimetral - Waze e ônibus
Apresentação perimetral - Waze e ônibusPablo Cerdeira
 

Andere mochten auch (18)

AdPushup Fundraising Deck - First Pitch
AdPushup Fundraising Deck - First PitchAdPushup Fundraising Deck - First Pitch
AdPushup Fundraising Deck - First Pitch
 
Zenpayroll Pitch Deck Template
Zenpayroll Pitch Deck TemplateZenpayroll Pitch Deck Template
Zenpayroll Pitch Deck Template
 
The deck we used to raise $270k for our startup Castle
The deck we used to raise $270k for our startup CastleThe deck we used to raise $270k for our startup Castle
The deck we used to raise $270k for our startup Castle
 
SteadyBudget's Seed Funding Pitch Deck
SteadyBudget's Seed Funding Pitch DeckSteadyBudget's Seed Funding Pitch Deck
SteadyBudget's Seed Funding Pitch Deck
 
The 10 most interesting slides that helped our SaaS company raise 9 million
The 10 most interesting slides that helped our SaaS company raise 9 millionThe 10 most interesting slides that helped our SaaS company raise 9 million
The 10 most interesting slides that helped our SaaS company raise 9 million
 
Swipes pitch deck for Beta Pitch 2013 Finals in Berlin
Swipes pitch deck for Beta Pitch 2013 Finals in BerlinSwipes pitch deck for Beta Pitch 2013 Finals in Berlin
Swipes pitch deck for Beta Pitch 2013 Finals in Berlin
 
500’s Demo Day Batch 16 >> Podozi
500’s Demo Day Batch 16 >> Podozi500’s Demo Day Batch 16 >> Podozi
500’s Demo Day Batch 16 >> Podozi
 
Fittr Pitch Deck
Fittr Pitch DeckFittr Pitch Deck
Fittr Pitch Deck
 
The Deck We Used to Raise $1M Seed Round
The Deck We Used to Raise $1M Seed RoundThe Deck We Used to Raise $1M Seed Round
The Deck We Used to Raise $1M Seed Round
 
Dwolla Startup Pitch Deck
Dwolla Startup Pitch DeckDwolla Startup Pitch Deck
Dwolla Startup Pitch Deck
 
Manpacks
ManpacksManpacks
Manpacks
 
The investor presentation we used to raise 2 million dollars
The investor presentation we used to raise 2 million dollarsThe investor presentation we used to raise 2 million dollars
The investor presentation we used to raise 2 million dollars
 
Foursquare's 1st Pitch Deck
Foursquare's 1st Pitch DeckFoursquare's 1st Pitch Deck
Foursquare's 1st Pitch Deck
 
AirBnB Pitch Deck
AirBnB Pitch Deck AirBnB Pitch Deck
AirBnB Pitch Deck
 
Mint.com Pre-Launch Pitch Deck
Mint.com Pre-Launch Pitch DeckMint.com Pre-Launch Pitch Deck
Mint.com Pre-Launch Pitch Deck
 
Mixpanel - Our pitch deck that we used to raise $65M
Mixpanel - Our pitch deck that we used to raise $65MMixpanel - Our pitch deck that we used to raise $65M
Mixpanel - Our pitch deck that we used to raise $65M
 
The slide deck we used to raise half a million dollars
The slide deck we used to raise half a million dollarsThe slide deck we used to raise half a million dollars
The slide deck we used to raise half a million dollars
 
Apresentação perimetral - Waze e ônibus
Apresentação perimetral - Waze e ônibusApresentação perimetral - Waze e ônibus
Apresentação perimetral - Waze e ônibus
 

Mehr von OurCrowd

Everything You Need to Know about Preemptive Rights
Everything You Need to Know about Preemptive RightsEverything You Need to Know about Preemptive Rights
Everything You Need to Know about Preemptive RightsOurCrowd
 
[ACA webinar] Investor Experiences with Online Equity Platforms
[ACA webinar] Investor Experiences with Online Equity Platforms[ACA webinar] Investor Experiences with Online Equity Platforms
[ACA webinar] Investor Experiences with Online Equity PlatformsOurCrowd
 
Webinar: Q&A with XPRIZE and HeroX founders
Webinar: Q&A with XPRIZE and HeroX foundersWebinar: Q&A with XPRIZE and HeroX founders
Webinar: Q&A with XPRIZE and HeroX foundersOurCrowd
 
Conquering The Term Sheet Everything You Need To Know About Deal Terms Part 3
Conquering The Term Sheet Everything You Need To Know About Deal Terms Part 3Conquering The Term Sheet Everything You Need To Know About Deal Terms Part 3
Conquering The Term Sheet Everything You Need To Know About Deal Terms Part 3OurCrowd
 
The Changing Relationship Between Investors and Investments
The Changing Relationship Between Investors and Investments The Changing Relationship Between Investors and Investments
The Changing Relationship Between Investors and Investments OurCrowd
 
InvestHK and OurCrowd
InvestHK and OurCrowdInvestHK and OurCrowd
InvestHK and OurCrowdOurCrowd
 
FrieghtOS and OurCrowd
FrieghtOS and OurCrowdFrieghtOS and OurCrowd
FrieghtOS and OurCrowdOurCrowd
 
Recipe for Retail Sector Success: Q&A with Andrew Heyer, Jamba Juice Investor...
Recipe for Retail Sector Success: Q&A with Andrew Heyer, Jamba Juice Investor...Recipe for Retail Sector Success: Q&A with Andrew Heyer, Jamba Juice Investor...
Recipe for Retail Sector Success: Q&A with Andrew Heyer, Jamba Juice Investor...OurCrowd
 
Investment Trends: Where to invest your attention in 2015
Investment Trends: Where to invest your attention in 2015 Investment Trends: Where to invest your attention in 2015
Investment Trends: Where to invest your attention in 2015 OurCrowd
 
The State of Online Lending: Q&A with Dan Ciporin, Lending Club & Borro Inves...
The State of Online Lending: Q&A with Dan Ciporin, Lending Club & Borro Inves...The State of Online Lending: Q&A with Dan Ciporin, Lending Club & Borro Inves...
The State of Online Lending: Q&A with Dan Ciporin, Lending Club & Borro Inves...OurCrowd
 
OurCrowd 2014 Year in Review
OurCrowd 2014 Year in ReviewOurCrowd 2014 Year in Review
OurCrowd 2014 Year in ReviewOurCrowd
 
Rise of the Robo Advisors: The Growing Trend of Automating Asset Allocation S...
Rise of the Robo Advisors: The Growing Trend of Automating Asset Allocation S...Rise of the Robo Advisors: The Growing Trend of Automating Asset Allocation S...
Rise of the Robo Advisors: The Growing Trend of Automating Asset Allocation S...OurCrowd
 
The changing face of the American Investor: Tools, Advice, and Do It Yourself...
The changing face of the American Investor: Tools, Advice, and Do It Yourself...The changing face of the American Investor: Tools, Advice, and Do It Yourself...
The changing face of the American Investor: Tools, Advice, and Do It Yourself...OurCrowd
 
From the Trenches to Traction: How Unit 8200 is Transforming Israel's Tech Scene
From the Trenches to Traction: How Unit 8200 is Transforming Israel's Tech SceneFrom the Trenches to Traction: How Unit 8200 is Transforming Israel's Tech Scene
From the Trenches to Traction: How Unit 8200 is Transforming Israel's Tech SceneOurCrowd
 
IPOs: How they work and what they mean for your portfolio
IPOs: How they work and what they mean for your portfolioIPOs: How they work and what they mean for your portfolio
IPOs: How they work and what they mean for your portfolioOurCrowd
 
M&A and IPO Activity of Israeli companies, 1H 2014
M&A and IPO Activity of Israeli companies, 1H 2014M&A and IPO Activity of Israeli companies, 1H 2014
M&A and IPO Activity of Israeli companies, 1H 2014OurCrowd
 
Investing in fintech: Trends in financial technology for investors and entrep...
Investing in fintech: Trends in financial technology for investors and entrep...Investing in fintech: Trends in financial technology for investors and entrep...
Investing in fintech: Trends in financial technology for investors and entrep...OurCrowd
 
History of Online Investing
History of Online InvestingHistory of Online Investing
History of Online InvestingOurCrowd
 
Presented by OurCrowd: The SpaceIL Story and the Israeli Race to the Moon
Presented by OurCrowd: The SpaceIL Story and the Israeli Race to the MoonPresented by OurCrowd: The SpaceIL Story and the Israeli Race to the Moon
Presented by OurCrowd: The SpaceIL Story and the Israeli Race to the MoonOurCrowd
 
The Cyber Security Landscape: An OurCrowd Briefing for Investors
The Cyber Security Landscape: An OurCrowd Briefing for InvestorsThe Cyber Security Landscape: An OurCrowd Briefing for Investors
The Cyber Security Landscape: An OurCrowd Briefing for InvestorsOurCrowd
 

Mehr von OurCrowd (20)

Everything You Need to Know about Preemptive Rights
Everything You Need to Know about Preemptive RightsEverything You Need to Know about Preemptive Rights
Everything You Need to Know about Preemptive Rights
 
[ACA webinar] Investor Experiences with Online Equity Platforms
[ACA webinar] Investor Experiences with Online Equity Platforms[ACA webinar] Investor Experiences with Online Equity Platforms
[ACA webinar] Investor Experiences with Online Equity Platforms
 
Webinar: Q&A with XPRIZE and HeroX founders
Webinar: Q&A with XPRIZE and HeroX foundersWebinar: Q&A with XPRIZE and HeroX founders
Webinar: Q&A with XPRIZE and HeroX founders
 
Conquering The Term Sheet Everything You Need To Know About Deal Terms Part 3
Conquering The Term Sheet Everything You Need To Know About Deal Terms Part 3Conquering The Term Sheet Everything You Need To Know About Deal Terms Part 3
Conquering The Term Sheet Everything You Need To Know About Deal Terms Part 3
 
The Changing Relationship Between Investors and Investments
The Changing Relationship Between Investors and Investments The Changing Relationship Between Investors and Investments
The Changing Relationship Between Investors and Investments
 
InvestHK and OurCrowd
InvestHK and OurCrowdInvestHK and OurCrowd
InvestHK and OurCrowd
 
FrieghtOS and OurCrowd
FrieghtOS and OurCrowdFrieghtOS and OurCrowd
FrieghtOS and OurCrowd
 
Recipe for Retail Sector Success: Q&A with Andrew Heyer, Jamba Juice Investor...
Recipe for Retail Sector Success: Q&A with Andrew Heyer, Jamba Juice Investor...Recipe for Retail Sector Success: Q&A with Andrew Heyer, Jamba Juice Investor...
Recipe for Retail Sector Success: Q&A with Andrew Heyer, Jamba Juice Investor...
 
Investment Trends: Where to invest your attention in 2015
Investment Trends: Where to invest your attention in 2015 Investment Trends: Where to invest your attention in 2015
Investment Trends: Where to invest your attention in 2015
 
The State of Online Lending: Q&A with Dan Ciporin, Lending Club & Borro Inves...
The State of Online Lending: Q&A with Dan Ciporin, Lending Club & Borro Inves...The State of Online Lending: Q&A with Dan Ciporin, Lending Club & Borro Inves...
The State of Online Lending: Q&A with Dan Ciporin, Lending Club & Borro Inves...
 
OurCrowd 2014 Year in Review
OurCrowd 2014 Year in ReviewOurCrowd 2014 Year in Review
OurCrowd 2014 Year in Review
 
Rise of the Robo Advisors: The Growing Trend of Automating Asset Allocation S...
Rise of the Robo Advisors: The Growing Trend of Automating Asset Allocation S...Rise of the Robo Advisors: The Growing Trend of Automating Asset Allocation S...
Rise of the Robo Advisors: The Growing Trend of Automating Asset Allocation S...
 
The changing face of the American Investor: Tools, Advice, and Do It Yourself...
The changing face of the American Investor: Tools, Advice, and Do It Yourself...The changing face of the American Investor: Tools, Advice, and Do It Yourself...
The changing face of the American Investor: Tools, Advice, and Do It Yourself...
 
From the Trenches to Traction: How Unit 8200 is Transforming Israel's Tech Scene
From the Trenches to Traction: How Unit 8200 is Transforming Israel's Tech SceneFrom the Trenches to Traction: How Unit 8200 is Transforming Israel's Tech Scene
From the Trenches to Traction: How Unit 8200 is Transforming Israel's Tech Scene
 
IPOs: How they work and what they mean for your portfolio
IPOs: How they work and what they mean for your portfolioIPOs: How they work and what they mean for your portfolio
IPOs: How they work and what they mean for your portfolio
 
M&A and IPO Activity of Israeli companies, 1H 2014
M&A and IPO Activity of Israeli companies, 1H 2014M&A and IPO Activity of Israeli companies, 1H 2014
M&A and IPO Activity of Israeli companies, 1H 2014
 
Investing in fintech: Trends in financial technology for investors and entrep...
Investing in fintech: Trends in financial technology for investors and entrep...Investing in fintech: Trends in financial technology for investors and entrep...
Investing in fintech: Trends in financial technology for investors and entrep...
 
History of Online Investing
History of Online InvestingHistory of Online Investing
History of Online Investing
 
Presented by OurCrowd: The SpaceIL Story and the Israeli Race to the Moon
Presented by OurCrowd: The SpaceIL Story and the Israeli Race to the MoonPresented by OurCrowd: The SpaceIL Story and the Israeli Race to the Moon
Presented by OurCrowd: The SpaceIL Story and the Israeli Race to the Moon
 
The Cyber Security Landscape: An OurCrowd Briefing for Investors
The Cyber Security Landscape: An OurCrowd Briefing for InvestorsThe Cyber Security Landscape: An OurCrowd Briefing for Investors
The Cyber Security Landscape: An OurCrowd Briefing for Investors
 

Kürzlich hochgeladen

Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...Pooja Nehwal
 
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...Call Girls in Nagpur High Profile
 
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...Pooja Nehwal
 
The Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdfThe Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdfGale Pooley
 
Call Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance BookingCall Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance Bookingroncy bisnoi
 
The Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdfThe Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdfGale Pooley
 
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...ssifa0344
 
Vip Call US 📞 7738631006 ✅Call Girls In Sakinaka ( Mumbai )
Vip Call US 📞 7738631006 ✅Call Girls In Sakinaka ( Mumbai )Vip Call US 📞 7738631006 ✅Call Girls In Sakinaka ( Mumbai )
Vip Call US 📞 7738631006 ✅Call Girls In Sakinaka ( Mumbai )Pooja Nehwal
 
The Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdfThe Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdfGale Pooley
 
The Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdfThe Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdfGale Pooley
 
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...Call Girls in Nagpur High Profile
 
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779Delhi Call girls
 
The Economic History of the U.S. Lecture 23.pdf
The Economic History of the U.S. Lecture 23.pdfThe Economic History of the U.S. Lecture 23.pdf
The Economic History of the U.S. Lecture 23.pdfGale Pooley
 
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure serviceWhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure servicePooja Nehwal
 
03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptxFinTech Belgium
 
Top Rated Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...
Top Rated Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...Top Rated Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...
Top Rated Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...Call Girls in Nagpur High Profile
 

Kürzlich hochgeladen (20)

Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
Dharavi Russian callg Girls, { 09892124323 } || Call Girl In Mumbai ...
 
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
VVIP Pune Call Girls Katraj (7001035870) Pune Escorts Nearby with Complete Sa...
 
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
Independent Call Girl Number in Kurla Mumbai📲 Pooja Nehwal 9892124323 💞 Full ...
 
VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
VIP Independent Call Girls in Bandra West 🌹 9920725232 ( Call Me ) Mumbai Esc...
 
The Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdfThe Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdf
 
Call Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance BookingCall Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance Booking
Call Girls Koregaon Park Call Me 7737669865 Budget Friendly No Advance Booking
 
Veritas Interim Report 1 January–31 March 2024
Veritas Interim Report 1 January–31 March 2024Veritas Interim Report 1 January–31 March 2024
Veritas Interim Report 1 January–31 March 2024
 
The Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdfThe Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdf
 
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
Solution Manual for Principles of Corporate Finance 14th Edition by Richard B...
 
Vip Call US 📞 7738631006 ✅Call Girls In Sakinaka ( Mumbai )
Vip Call US 📞 7738631006 ✅Call Girls In Sakinaka ( Mumbai )Vip Call US 📞 7738631006 ✅Call Girls In Sakinaka ( Mumbai )
Vip Call US 📞 7738631006 ✅Call Girls In Sakinaka ( Mumbai )
 
The Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdfThe Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdf
 
The Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdfThe Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdf
 
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...
Booking open Available Pune Call Girls Talegaon Dabhade 6297143586 Call Hot ...
 
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
Best VIP Call Girls Noida Sector 18 Call Me: 8448380779
 
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
VIP Independent Call Girls in Andheri 🌹 9920725232 ( Call Me ) Mumbai Escorts...
 
The Economic History of the U.S. Lecture 23.pdf
The Economic History of the U.S. Lecture 23.pdfThe Economic History of the U.S. Lecture 23.pdf
The Economic History of the U.S. Lecture 23.pdf
 
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure serviceWhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
WhatsApp 📞 Call : 9892124323 ✅Call Girls In Chembur ( Mumbai ) secure service
 
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
VIP Call Girl Service Andheri West ⚡ 9920725232 What It Takes To Be The Best ...
 
03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx03_Emmanuel Ndiaye_Degroof Petercam.pptx
03_Emmanuel Ndiaye_Degroof Petercam.pptx
 
Top Rated Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...
Top Rated Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...Top Rated Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...
Top Rated Pune Call Girls Viman Nagar ⟟ 6297143586 ⟟ Call Me For Genuine Sex...
 

Finding the next Waze: The OurCrowd Due Diligence Process

  • 1. Finding the next Waze: An insider view of startup investing and due diligence How to conduct professional due-diligence Creating a winning investment checklist Breaking down the Waze investment: From startup to $ billion exit Tuesday, July 30, 13
  • 2. Zack Miller, OurCrowd Head of Investor Community David Stark, OurCrowd Investment Associate Meet OurCrowd’s Team OurCrowd: 7 months since launch, OurCrowd has invested $17M in 26 startups Tuesday, July 30, 13
  • 3. Waze/Google Deal • >$1 billion • team gets to stay in Israel • Israel and the consumer web Tuesday, July 30, 13
  • 4. The investment case for Israel Tuesday, July 30, 13
  • 5. The investment case for Israel Tuesday, July 30, 13
  • 6. Special Guest: Gadi Mazor OurCrowd General Partner/CTO Tuesday, July 30, 13
  • 7. 2008 BlueRun leads $12M round, Magma and Vertex join Same investors Qualcomm Ventures: $25M round, $95M valuation 2010 2011 $30M round inc Kleiner Perkins, $200+M valuation 2013 Google buys Waze app for $1.1 billion Waze:Anatomy of a super investment “Our bet was basically that they could disrupt old-fashioned cartography, and that they were at just the right time to begin trying it.” -- BlueRun’s John Malloy 2.2M users 7M users Tuesday, July 30, 13
  • 8. “We’ll also work closely with the vibrant Waze community, who are the DNA of this app, to ensure they have what’s needed to grow and prosper. The Waze community and its dedicated team have created a great source of timely road corrections and updates. We welcome them to Google and look forward to working with them in our ongoing effort to make a comprehensive, accurate and useful map of the world. ” Posted by Brian McClendon,Vice President, Google Tuesday, July 30, 13
  • 9. Where to find the next Waze (or, how do I invest in the next $billion exit)?? Tuesday, July 30, 13
  • 10. Building deal flow pipeline Sources of dealflow • web, email, referrals • tech events ❖ Resources: TechAviv, Garage Geeks, incubator demo days • proactive sourcing • Jeff Pulver’s Twitter investment (just a Tweet away) ❖ Resources: OurCrowd, AngelList, CrunchBase, blogs/articles Tuesday, July 30, 13
  • 11. Initial screening process • Elevator Pitch • (big) * (idea, market, team) ❖ disruptive idea ❖ market > $500M ❖ team = serial • Coffee Chat with Founder(s) ❖ Blink theory: experience breeds good intuition • Pitch Deck Tuesday, July 30, 13
  • 12. In-depth diligence • Follow-up meetings with management • Research: biz plan, competition, industry trends/forecasts, intellectual property, financial projections, HR • Customer/strategic partner interviews (see handout) • Industry experts/mentors ❖ Resource: DIY Expert Networks (see Quora, Laughing atWall Street) • Scorecarding (see handout) Tuesday, July 30, 13
  • 13. Legal negotiation/diligence •Term sheets • Valuation • Common vs. Preferred • Important rights and protections ❖ Resource: Passion Capital Plain English Term Sheet, Founders Fund Transparent Term Sheet • legal diligence, final review... Tuesday, July 30, 13
  • 14. The morning after... from investor to mentor • Can I add value? • customers/partners/ hires/investors • perfect balance • annoying <--> helping • aligned expectations Tuesday, July 30, 13
  • 15. How will OurCrowd identify the next Waze? Tuesday, July 30, 13
  • 16. ...the 6 point investment checklist Tuesday, July 30, 13
  • 17. So, how does Waze score? 1. Great team 2. Large market 3. Easy to understand 4. Traction 5. Sponsorship 6. A good deal ✓ ✓ ✓ ✓ ✓ Tuesday, July 30, 13
  • 18. #1: Great team Tuesday, July 30, 13
  • 19. AE-Squared founders have sold 3 companies between the two of them Case Study:AE- Squared’s great team Tuesday, July 30, 13
  • 21. Fireblade multibillion dollar market of website security anti-bots, anti-scraping Case Study: Fireblade’s billion dollar market Tuesday, July 30, 13
  • 22. #3: Easy to understand Tuesday, July 30, 13
  • 23. Abe’s Market Amazon for green products Case Study:Abe’s Market is easy tounderstand Tuesday, July 30, 13
  • 25. Kela Existing customers include Fortune 100 + top hedge funds large pipeline 250% revenue growthYoY Case Study: Kela’straction Tuesday, July 30, 13
  • 27. Argo/ReWalk top Israeli venture capital investors (Pontifax, Israel HealthCareVentures, SCP Vitalife) Case Study:Argo’s sponsorship Tuesday, July 30, 13
  • 28. #6: Good deal Tuesday, July 30, 13
  • 29. Parko investment made at good valuation Case Study: Parko’s early stage valuation Tuesday, July 30, 13
  • 30. Summary • Waze exemplifies a new type of Israeli startup • Conduit,Wix, Mobileye, GetTaxi • Finding quality angel investments requires a formal process • OurCrowd is helping make investing in startups easier and accessible ➡Now, for accredited investors and hopefully in the near future, open to all investors Tuesday, July 30, 13
  • 31. Any questions? Zack Miller, Head of Investor Community email: zack@ourcrowd.com phone: +1.914.401.6422 Tuesday, July 30, 13
  • 32. Accredited investor? Register now OurCrowd.com Sign up blog.OurCrowd.com OurCrowd Newsletter Tuesday, July 30, 13