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Small Cap Conference




Milan, November 21st 2013
Borsa Italiana - Palazzo Mezzanotte
The Venture Capital

Partecipation Holding listed on Borsa Italiana
Operates on an international level in the Venture Capi...
Who we are
Accelerator

The first integrated
ecosystem of
Accelerator and VC

Increase 
Success 
rate
Accelerator
LVenture Group directly controls LUISS ENLABS which is:
•  Startup accelerator founded in 2010, called LUISS E...
Seed Venture Capital
•  LVenture is one of the most important Italian VC in seed stage
•  Focus on most promising early st...
Ecosystem
International
VCs
Public
Administration

Investors

Universities

Corporation

Partners

Advisors

Startups
Big opportunity: digital startup
Accelerator = Incubator 2.0


•  Bulding product and getting to market require
less capit...
Funding the gap

OPPORTUNITY
• Low evaluation
• Limited capital availability
Investments

Micro-seed: 60k

Seed: <200k

•  Modern and furnished work
space

•  “Hands on” approach

•  Business modelli...
Targets
Sectors

Key criteria
•  Disruptive technology

•  ICT
•  M/e-commerce
•  Online media
•  Gaming

•  Complete and ...
What we do
Universities
Events
Partners
Online

Selection

Deal Flow
LUISS ENLABS
Accelerator
12 Startup

Micro Seed
€60K
...
Competitive advantages
Limits of Angels & VCs
Seed Money

Business Angels:

Investments terms
simplicity

•  Limited capit...
Competitive advantages
LVenture: the best of both
•  Ability to negotiate attractive
valuations

Seed Money
Investments te...
Investors advantages
Reliable sources with high due
diligence

Exit multiple

up to 5.3x

Adding value by intensive Accele...
Who we are
• 
• 
• 
• 

Experienced team with combined skills
High reputation and strong networks
Positive track record fr...
Where we are

2000 sqm in Termini Station: a strategic place
What we have done

•  80% of our startup funded
•  4 mln € invested with other investors
•  More than 150 jobs created
Portfolio
Key success factors
Deal Flow

Selection

Sourcing innovative tech startups from numerous and
reliable funnels 
Consolidat...
Complete our
fundraising


More startups

NEXT
STEPS

Attract SMEs &
Corporations


Attract
International

VCs

(Boston Ma...
Luigi Capello

CEO

luigi.capello@lventuregroup.com

@gigicapello

+39 335 80 99 163
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LVenture Group al “Small Cap Conference 2013” presso la Borsa di Milano - 21/11

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Transcript of "LVenture Group al “Small Cap Conference 2013” presso la Borsa di Milano - 21/11"

  1. 1. Small Cap Conference Milan, November 21st 2013 Borsa Italiana - Palazzo Mezzanotte
  2. 2. The Venture Capital Partecipation Holding listed on Borsa Italiana Operates on an international level in the Venture Capital field Makes investments in «fast growing companies» operating in the digital world
  3. 3. Who we are Accelerator The first integrated ecosystem of Accelerator and VC Increase Success rate
  4. 4. Accelerator LVenture Group directly controls LUISS ENLABS which is: •  Startup accelerator founded in 2010, called LUISS ENLABS after the joint venture of 2012 with LUISS University •  First Italian example in which entrepreneurial system, university and Venture Capital are linked together •  Represents LVenture Group micro seed investments funnel
  5. 5. Seed Venture Capital •  LVenture is one of the most important Italian VC in seed stage •  Focus on most promising early stage companies from the market •  Makes follow up investments in startups from the Acceleration Program •  Wide and strong knowledge of italian tech startup scene •  Close relationship with Italian innovation centers, universities, professionals and operators of the digital world •  Consistent track record of co-investments with main Italian investors and funds
  6. 6. Ecosystem International VCs Public Administration Investors Universities Corporation Partners Advisors Startups
  7. 7. Big opportunity: digital startup Accelerator = Incubator 2.0 •  Bulding product and getting to market require less capital •  Online platforms allow to acquire more customers Faster results with less financial need •  Building product -> cheaper, faster, better •  Acquiring customers -> easier, quicker, more measurable Italian Internet Economy Value In billions +10% 2,0% GDP 1,9% GDP € 32 € 29 •  Market: E-Commerce Italy 2012: € 9,5 Mld (+19%) •  Online advertising market Italy: 2012: €1,4 Mld +14% •  Italian internet users 2012: 38,4 Mln 2009 2010 Source: Boston Consulting Group
  8. 8. Funding the gap OPPORTUNITY • Low evaluation • Limited capital availability
  9. 9. Investments Micro-seed: 60k Seed: <200k •  Modern and furnished work space •  “Hands on” approach •  Business modelling •  Business developing •  Entrepreneurship courses •  Fundraising network & support •  Advisory services •  Business networking •  Investor relationship •  Follow on investments •  Exit strategies
  10. 10. Targets Sectors Key criteria •  Disruptive technology •  ICT •  M/e-commerce •  Online media •  Gaming •  Complete and heterogeneous team •  International and growing market •  Strong competitive advantages •  Web&mobile apps •  Scalable business
  11. 11. What we do Universities Events Partners Online Selection Deal Flow LUISS ENLABS Accelerator 12 Startup Micro Seed €60K 3 Startup 7 Startup LVenture Seed €200k 6 Startup EXIT Other VCs Every 12 months •  Total investment in startups: € 1,8 Mln •  18 partecipations •  Expected IRR: 30% From the 48° month
  12. 12. Competitive advantages Limits of Angels & VCs Seed Money Business Angels: Investments terms simplicity •  Limited capital •  Limited support •  Few deal sources •  Small Portfolio Professional approach Later round financing VC: •  Not willing to make small investments •  Less entrepreneurial approach Angels Entrepreneurial approach Operational support VC Network size Process efficiency
  13. 13. Competitive advantages LVenture: the best of both •  Ability to negotiate attractive valuations Seed Money Investments terms simplicity Entrepreneurial approach Operational support •  Enables follow-on rounds •  Full support •  Multiple deal sources •  Professional processes •  Entrepreneurial approach •  Diversified portfolio •  Ability to invest small amounts Professional approach Later round financing Network size Process efficiency
  14. 14. Investors advantages Reliable sources with high due diligence Exit multiple up to 5.3x Adding value by intensive Acceleration Program Exit multiple up to 2.8x Smaller and multiple investments portfolio Higher Risk diversification Source: Angel Capital Education Foundation (ACEF)
  15. 15. Who we are •  •  •  •  Experienced team with combined skills High reputation and strong networks Positive track record from sucessful experiences +50 professional advisors
  16. 16. Where we are 2000 sqm in Termini Station: a strategic place
  17. 17. What we have done •  80% of our startup funded •  4 mln € invested with other investors •  More than 150 jobs created
  18. 18. Portfolio
  19. 19. Key success factors Deal Flow Selection Sourcing innovative tech startups from numerous and reliable funnels Consolidated evaluation models combining professional and entrepreneurial criteria Add Value Active approach: intensive acceleration program, mentorship, advisory, business networking & developing Success Focus on most promising deals with active role in achieving highest capital gain
  20. 20. Complete our fundraising More startups NEXT STEPS Attract SMEs & Corporations Attract International VCs (Boston Mass Challenge +120) Attract Stakeholders Looking for 10.000 sqm Tech City in Termini Government procurement School for developers
  21. 21. Luigi Capello CEO luigi.capello@lventuregroup.com @gigicapello +39 335 80 99 163
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