SUW Funding StartUps, Timo AhopeltoPresentation Transcript
Serial entrepreneurs co-creating growth companies in health and Web Funding start-ups Timo Ahopelto Founding Partner [email_address]
Timo. Minulla on vanha vakava rytmihäiriö. R&D palaverissa olin saada sydänkohtauksen. Voinko mennä kotiin loppupäiväksi?
Timo. I still believe that your company is the best. You are financially stable and you have the best technology. EUR 2.5 million in due payments > 100 days. My CTO almost got heart attack.
Co-creating growth companies Petteri Koponen Timo Ahopelto Jarkko Joki-Tokola
B uilt four life sciences and telecoms companies to global market leaders
Raised in excess of €100 million in venture capital and angel investor funding
Built the best-performing venture-funded life sciences IT company in Finland
Worked in all the startup CxO roles in Europe, the US and Asia
Call us if...
Your idea is revolutionary, industry-defining or otherwise bigger than life
You will lead a global category
Your team masters technology, science or core processes
You believe it would be fun to work together to create a ’once-in-a-lifetime’ experience and significant value fast
Venture capital returns continue to slide Source: Cambridge Associates 2009 Total value of paid-in capital by year
Reason? We have moved away from entrepreneurs funding entrepreneurs How it used to be Today
Call for experienced entrepreneurs to drive companies go international Select 2-3 start-ups /manager Managers work hands-on Managers invest into start-ups personally Public funding leverage from Tekes, Veraventure and Finnvera What did we decide to do in Finland by the Ministry?
About raising money...
Fund-raising is easy for passionate entrepreneurs with big idea and capability to execute It is difficult only for MBAs with business plans
Timing is everything. You need to raise against the next stage of expectations. Idea Alpha Real customers Real revenue growth $ $ $ $ $ Real traction
Amount is important. You need to raise to deliver the expectations. Idea Alpha Real traction Real customers Real revenue growth $ $ $ $ $ Can this really scale? Is this really validated by customers? Does this work? Where is your trend-line?
Founding CEO of CRF Health – the company we just bought back from 3i plc and a top performing
VC-funded Finnish IT company all time
CRF Health funding story for EUR 25 million Idea Alpha Real customers Real revenue growth $ $ $ $ $ Real traction 2000 * Stratos Ventures * Angels 2001 * 3i * Stratos Ventures Not capable to attract new investors 2002 * NVP * 3i * Stratos Ventures Bridge funding from the investors 2010 Founders bought 3i out
Business plan document is over-rated. Plans don’t close deals, results do.
Network. But understand that networks do not close deals either - and if you are good enough, you don’t need networks to start.
Have timeline and keep it. We will close this round by end of this year to have our product launched by end of Q1 next year.
Think what you would expect from someone you trust your money to?
The list can become quite simple... Good idea Good team Big market Capability to execute Return for the money
Serial entrepreneurs co-creating growth companies in health ad Web Contact us to talk more! Timo Ahopelto Founding Partner [email_address]