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SUW Funding StartUps, Timo Ahopelto

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    SUW Funding StartUps, Timo Ahopelto SUW Funding StartUps, Timo Ahopelto Presentation 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?
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    • 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?
    • Story #2
      • 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.
    • Ending words...
    • 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]