Sirb
Agenda• Who are we?• How does SirB fit in theEntrepreneurship’s Echo system?• Evaluation Committee Role• Pitching events• ...
Who are we: Emergence of Sirb AngelInvestors Network• Lack of Financial channels forStartups/ SMEs• Lack of Expertise inEn...
Online PortalPitching EventsTraining ProgramsSirb AwardFor Best Investment OpportunitiesSirb Network Activities/ Services
MainParticipantsActivities/ServicesProvidedObjectivesto beAchievedConsortium MembersEntrepreneursand AngleInvestorsSupport...
Agenda• Who are we?• How does SiRB fit in theEntrepreneurship’s Echo system?• Evaluation Committee Role• Pitching events• ...
What’s an Angelinvestor?Definition• An angel investor or angel is anaffluent individual who providescapital for a business...
Entrepreneurship Echo system8
Entrepreneurship Echo system9
Entrepreneurship Echo system10MOL SME Programs1.Unified Portal2.Support for accelerators3.Business Communities4.Restructur...
Where do we fit?
12Funding Gap-Where SirbComes in10Investment (one round) $5MM $10MMF&FVenture CapitalAngelsStage Pre-Seed Seed / Start-UpA...
1313
How Much Money?• A study of angel investors sponsored by theKauffman Foundation -– Data from 539 investors– Members of 86 ...
Angel Investment paysoff..Bigtime• If you invested in all 1,137 companies that had aterminal event-– You received 2.6X amo...
16Comparing Angels and VCs• Invest their own money• Often along with others• May invest in anything and/oreverything• Don’...
17Angel Funded Companies5
PERSONAL STARTUP TRACK RECORD1994 25K to30M in 14yearsV60M1994 25K to30M in 14yearsV60M2011 1 M to4.7 M in 2years2011 1 M ...
Agenda• Who are we?• How does SiRB fit in theEntrepreneurship’s Echo system??• Evaluation Committee Role• Pitching events•...
OUR ROLE• Help Angels Doa morecalculatedInvestment, andreduce the Risk• Helpentrepreneurstalk “Money.”
EntrepreneursInvestmentopportunitiesDue DiligenceTechnologyAssessment of alternativeTechnologyMarket positioningValue prop...
How good are the materials entrepreneursprovide?2222
Angel’s Response2323
2424Angel’s Response
Evaluation Committee Helps toBridge the Gap
Evaluation Process26
Evaluation Committeemembers• Khalid Suleimani:Technology-Entrepreneur• Yasser Baharith: Jeddahmerchant-Traditional-Family ...
Agenda• Who are we?• How does SiRB fit in theEntrepreneurship’s Echo system??• Evaluation Committee role.• Pitching events...
Verify Product Viability or real prototypeMake sure all Basic Information in the business canvas is completeFace to fac...
WE FOCUS ON “STRUCTURE” ANDBASIC “DUE DILIGENCE” AND LEAVETHE REST TO THE ANGEL.
 5 entrepreneurial projects Average Required capital: SAR500k to 5MM 25 Angel Investors 10 signed letters of interest ...
Agenda• Who are we?• How does SiRB fit in theEntrepreneurship Echo system?• Evaluation Committee Role• Pitching events• En...
“No Passes” get support untilthey get it right33CoachingMentorshipPrototypeDevelopmentIncubationaccelerationBoot Camptrain...
Agenda• Who are we?• How does SiRB fit in theEntrepreneurship’s Echo system??• Pitching events• Entrepreneurship services•...
ENWANI• Founded by Dr.Abdullah Elias, PHD.• Innovative solution foraddressing problem.• Incubated by BADIRProgram35
ENWANI• Received intensive Sirb Coaching & Mentoring• Received 2 letters of interest by Sirb Investors in the pitching eve...
Team Members37
Element Plan• Innovative and cost effectivesolution for addressing Cathodeprotection• Received intensive Coaching &Mentori...
• Developed a method fordrilling based on specialfitting of machines• CathodeProtection/AnodeSurface/Deep Anode• Excelled ...
shat6er40
Sirb Competition41
Sirb CompetitionTraining42• Entrepreneurship Essentials• Business Model Generation/Strategy/ Financial Modeling/Corporate ...
Sirb CompetitionFinalists – May 26th43
Agenda• Who are we?• How does SiRB fit in theEntrepreneurship’s Echo system??• Pitching events• Entrepreneurship services•...
Partnerships45Potential universitiesPotential internationalpartnersCurrent partners
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Sirb's contribution to Saudi entrepreneurship's Echo system.

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Presentation at Entrepreneurship and innovation Forum 2013, Um Alqura University. May 15, 2013. Khalid Suleimani

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  • The term "angel" originally comes from Broadway where it was used to describe wealthy individuals who provided money for theatrical productions. In 1978, William Wetzel,[2] then a professor at the University of New Hampshire and founder of its Center for Venture Research, completed a pioneering study on how entrepreneurs raised seed capital in the USA, and he began using the term "angel" to describe the investors that supported them.
  • Sirb's contribution to Saudi entrepreneurship's Echo system.

    1. 1. Sirb
    2. 2. Agenda• Who are we?• How does SirB fit in theEntrepreneurship’s Echo system?• Evaluation Committee Role• Pitching events• Entrepreneurship services• SiRB Aces• SiRB Partnerships
    3. 3. Who are we: Emergence of Sirb AngelInvestors Network• Lack of Financial channels forStartups/ SMEs• Lack of Expertise inEntrepreneurs• Lack of effective communicationbetween Entrepreneurs & AngelInvestorsAs a result, KACST-BADIRestablished Sirb Angel InvestorsNetwork
    4. 4. Online PortalPitching EventsTraining ProgramsSirb AwardFor Best Investment OpportunitiesSirb Network Activities/ Services
    5. 5. MainParticipantsActivities/ServicesProvidedObjectivesto beAchievedConsortium MembersEntrepreneursand AngleInvestorsSupportingEntities forTrainingTrainingProgramsOnline PortalPitching Events Comprehensive data base of angelinvestors and entrepreneurs Opportunity evaluation training to the angelinvestors Presentations training to entrepreneurs Periodic pitching events to bring the angelinvestors and entrepreneurs togetherCommunicationbetween investors andentrepreneursAppropriate fundingchannels to SMEsDeal flow to theinvestorsStrategic partnershipswith universities andgovernmentCompetitions Competition for Best InvestmentOpportunitiesSirb Network - Framework
    6. 6. Agenda• Who are we?• How does SiRB fit in theEntrepreneurship’s Echo system?• Evaluation Committee Role• Pitching events• Entrepreneurship services• SiRB Aces• SiRB Partnerships
    7. 7. What’s an Angelinvestor?Definition• An angel investor or angel is anaffluent individual who providescapital for a business start-up,usually in exchange forconvertible debt or ownershipequity ^.• More interested in success ofbusiness or individual thanmaximizing profit.^^• Exact Opposite to venturecapitalists^^Business Angel7^ Source: Wikipedia ^^ Investopedia
    8. 8. Entrepreneurship Echo system8
    9. 9. Entrepreneurship Echo system9
    10. 10. Entrepreneurship Echo system10MOL SME Programs1.Unified Portal2.Support for accelerators3.Business Communities4.Restructuring of regulations5.Restructuring SME Finance6.Promote SME entrepreneurshipculture7.Access to Market
    11. 11. Where do we fit?
    12. 12. 12Funding Gap-Where SirbComes in10Investment (one round) $5MM $10MMF&FVenture CapitalAngelsStage Pre-Seed Seed / Start-UpAngel InvestorsUSD 250,000 toUSD 2,000,000(depending on region)Expansion(Launch)Later(Growth)Source PersonalSourcesFriends &Family Venture CapitalInvestmentUSD 25,000USD 100,000USD 100,000USD 250,000USD 2,000,000 and upEarly StageNumberofInvestors
    13. 13. 1313
    14. 14. How Much Money?• A study of angel investors sponsored by theKauffman Foundation -– Data from 539 investors– Members of 86 angel groups– Made 3,097 investments– 1,137 “terminal events” (bankruptcy to IPO)14
    15. 15. Angel Investment paysoff..Bigtime• If you invested in all 1,137 companies that had aterminal event-– You received 2.6X amount invested in 3.5 years– Achieved a 27% annualized IRR– However, returns were skewed:– Less than half returned capital invested– One third produced expected returns– About 15% of deals drove returns
    16. 16. 16Comparing Angels and VCs• Invest their own money• Often along with others• May invest in anything and/oreverything• Don’t collect fees• (Hopefully) get a return on investedcapital• Are actively engaged with theentrepreneurs• Wait patiently for returns(up to a point)Individual Angels• Invest other peoples’ moneyAnd perhaps a bit of their own• Focus on markets where they haveexpertise• Earn management fees• Collect a percentage of the returnon invested capital (if any!)• Are actively engaged with theentrepreneurs• Try to return capital within thefund’s life (10-12 years)Venture Capitalists
    17. 17. 17Angel Funded Companies5
    18. 18. PERSONAL STARTUP TRACK RECORD1994 25K to30M in 14yearsV60M1994 25K to30M in 14yearsV60M2011 1 M to4.7 M in 2years2011 1 M to4.7 M in 2years2011 200K to1.4 M in 1year2011 200K to1.4 M in 1year
    19. 19. Agenda• Who are we?• How does SiRB fit in theEntrepreneurship’s Echo system??• Evaluation Committee Role• Pitching events• Entrepreneurship services• SiRB Aces• SiRB Partnerships
    20. 20. OUR ROLE• Help Angels Doa morecalculatedInvestment, andreduce the Risk• Helpentrepreneurstalk “Money.”
    21. 21. EntrepreneursInvestmentopportunitiesDue DiligenceTechnologyAssessment of alternativeTechnologyMarket positioningValue propositionBusiness ModelFinancial Structure………Angel InvestorsVenture CapitalistsGovernment FundEvaluation Committee Helps toBridge the Gap
    22. 22. How good are the materials entrepreneursprovide?2222
    23. 23. Angel’s Response2323
    24. 24. 2424Angel’s Response
    25. 25. Evaluation Committee Helps toBridge the Gap
    26. 26. Evaluation Process26
    27. 27. Evaluation Committeemembers• Khalid Suleimani:Technology-Entrepreneur• Yasser Baharith: Jeddahmerchant-Traditional-Family business• Hani Baothman: Bigmoney• Soraqa Alkhateeb: Newmedia-Marketing-entrepreneur27
    28. 28. Agenda• Who are we?• How does SiRB fit in theEntrepreneurship’s Echo system??• Evaluation Committee role.• Pitching events• Entrepreneurship services• SiRB Aces• SiRB Partnerships
    29. 29. Verify Product Viability or real prototypeMake sure all Basic Information in the business canvas is completeFace to face meeting with Entrepreneurial teamPick the right Angels for the pitching eventInvite Groups of Angel that are likely to invest together.Pitching Events
    30. 30. WE FOCUS ON “STRUCTURE” ANDBASIC “DUE DILIGENCE” AND LEAVETHE REST TO THE ANGEL.
    31. 31.  5 entrepreneurial projects Average Required capital: SAR500k to 5MM 25 Angel Investors 10 signed letters of interest toinvest in 4 projects out of 5.First Pitching EventMarch 10, 2013
    32. 32. Agenda• Who are we?• How does SiRB fit in theEntrepreneurship Echo system?• Evaluation Committee Role• Pitching events• Entrepreneurship services• SiRB Aces• SiRB Partnerships
    33. 33. “No Passes” get support untilthey get it right33CoachingMentorshipPrototypeDevelopmentIncubationaccelerationBoot Camptraining
    34. 34. Agenda• Who are we?• How does SiRB fit in theEntrepreneurship’s Echo system??• Pitching events• Entrepreneurship services• SiRB Aces• SiRB Partnerships
    35. 35. ENWANI• Founded by Dr.Abdullah Elias, PHD.• Innovative solution foraddressing problem.• Incubated by BADIRProgram35
    36. 36. ENWANI• Received intensive Sirb Coaching & Mentoring• Received 2 letters of interest by Sirb Investors in the pitching event• Winner of Taif International Venture Academy – Best• Winner of Nice,France International Venture Academy – Most InvestableCompany• Received International investment opportunities by Sophia Business Angels36
    37. 37. Team Members37
    38. 38. Element Plan• Innovative and cost effectivesolution for addressing Cathodeprotection• Received intensive Coaching &Mentoring from Sirb Network• Received 4 letters of interest fromSirb Investors during the firstpitching event• Currently negotiating closinginvestment deals with investors38
    39. 39. • Developed a method fordrilling based on specialfitting of machines• CathodeProtection/AnodeSurface/Deep Anode• Excelled in neutralizingstatic electricity of oilpipes for Aramco fasterthan any of thecompetitors39Element Plan
    40. 40. shat6er40
    41. 41. Sirb Competition41
    42. 42. Sirb CompetitionTraining42• Entrepreneurship Essentials• Business Model Generation/Strategy/ Financial Modeling/Corporate Governance• Pitching Skills/Investorsnegotiations/ How to raiseangel capitalB Partnerships
    43. 43. Sirb CompetitionFinalists – May 26th43
    44. 44. Agenda• Who are we?• How does SiRB fit in theEntrepreneurship’s Echo system??• Pitching events• Entrepreneurship services• SiRB Aces• SiRB Partnerships
    45. 45. Partnerships45Potential universitiesPotential internationalpartnersCurrent partners
    46. 46. Thank you

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