Why should you consider moving to Silicon valley? - Baris Aksoy - Innovation Nest Mentors
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Why should you consider moving to Silicon Valley? If you are a founder of a European startup and you think about the US market, look at Baris slide deck.
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Why should you consider moving to Silicon valley? - Baris Aksoy - Innovation Nest Mentors
- 1. by Barış Aksoy @baris US Fundraising
- 2. Innovation Nest – Poland most active seed fund invites hand selected companies to a series of closed events. This one is about money. WHAT IS THIS?
- 3. Baris runs 37-ventures.com, firm that focuses mainly on tech companies. Previously, he has been a Director at Intel Capital. He is also a board observer for Caring.com, Crowdstar, Nokta Medya, and Sense Networks. Baris’ other investments are Kno and Yume. Baris also invested in and managed exits for OpenFeint (acquired by Gree, Inc.) WHO IS BARIŞ?
- 4. A little bit of perspective ” Most venture deals are done in the US You may have heard:
- 5. No.ofDeals 0 500 1000 1500 2000 2500 2008 2009 2010 2011 2012 2013 2014 Way more than half of all deals are done in the US alone. Source: Preqin US EUROPE & OTHERS
- 6. US also leads M&A activities Regional deal value (%) 2010 2011 2012 2013 First half of 2014 989915 15 141415 13 23 262331 26 5252 54 4545 US EUROPE ASIA OTHER Source: Thomson One
- 7. Out of which tech M&A is a healthy share Tech share of U.S. M&A deals (%) 2010 2011 2012 2013 2014 14 13 1010 11 AND IT’S GROWING! Source: Thomson One
- 9. Four major markets grab VC $ in Europe Source: blog - yankeesabralimey ISRAEL UK & IRELAND DACH Deutschland, Austria, Switzerland NORDIC OTHER $500M+ $440M+ $200M+ $180M+ ~$120M
- 10. Good news is US VCs tend to invest in later stage European startups
- 11. Seed (<2) Early Venture (2-8) Venture (8-20) Growth (20-100) Mega (>100) 67% 55% 22% 10%10% 33% 45% 78% 90%90% The later the stage, geography is less and less important Did US VC firm participate in European & Israeli VC rounds? NOYES
- 12. So… should you move there?
- 13. Can you handle it? So… should you move there? Where is your target customer base? Where is your target talent base? Do you have traction / product- market fit in US? Can your company support a move? THE US THE US YES YES YES
- 14. If yes, then raise… • Seed or A in US • Angels, syndicates, early-stage VCs • Platforms (AngelList, FundersClub, KickStarter, etc.) YES
- 15. Advice on Fundraising Process
- 16. Advice on Fundraising Process a. Create a target list of investors b. Create a solid intro boilerplate, deck, pitch, etc. c. Manage syndicate yourself or find a lead d. Create sense of urgency e. Don’t forget: you can’t divorce your VC (pick wise) f. Pitch: Passion / Market / Team g. Show momentum / traction well h. Run the transaction process till close (= money in the bank) i. Learn from rejection j. #1 priority is your business, not investors
- 17. This presentation is brought to you by Innovation Nest Learn more about us at innovationnest.co