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Fast Company 2 intro seminar 8 Dec 2010
Fast Company 2 intro seminar 8 Dec 2010
Fast Company 2 intro seminar 8 Dec 2010
Fast Company 2 intro seminar 8 Dec 2010
Fast Company 2 intro seminar 8 Dec 2010
Fast Company 2 intro seminar 8 Dec 2010
Fast Company 2 intro seminar 8 Dec 2010
Fast Company 2 intro seminar 8 Dec 2010
Fast Company 2 intro seminar 8 Dec 2010
Fast Company 2 intro seminar 8 Dec 2010
Fast Company 2 intro seminar 8 Dec 2010
Fast Company 2 intro seminar 8 Dec 2010
Fast Company 2 intro seminar 8 Dec 2010
Fast Company 2 intro seminar 8 Dec 2010
Fast Company 2 intro seminar 8 Dec 2010
Fast Company 2 intro seminar 8 Dec 2010
Fast Company 2 intro seminar 8 Dec 2010
Fast Company 2 intro seminar 8 Dec 2010
Fast Company 2 intro seminar 8 Dec 2010
Fast Company 2 intro seminar 8 Dec 2010
Fast Company 2 intro seminar 8 Dec 2010
Fast Company 2 intro seminar 8 Dec 2010
Fast Company 2 intro seminar 8 Dec 2010
Fast Company 2 intro seminar 8 Dec 2010
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Fast Company 2 intro seminar 8 Dec 2010

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  1. Welcome to Fast Company 2Introduction Seminar<br />#fcp2<br />
  2. Agenda<br />2.15 Introductions<br />2.30 Presentation | Debt and Q & A<br />3.00 Coffee break<br />3.30 Presentation | Equity and Q & A<br />4.00 About Fast Company 2<br />4.15 Final Q &A<br />
  3. Welcome to Fast Company 2<br /><ul><li>The Fast Company team
  4. Why are we all here?
  5. What is in the programme this afternoon
  6. Fast Company 2 programme details</li></li></ul><li>Fast Company 2 - Team<br />
  7. Why Are We All Here ?<br /><ul><li>Good companies can unnecessarily fail to raise funding
  8. Equity investment is a highly competitive environment
  9. Bank lending continues to be still fragile
  10. Business owners often don't have recent understanding, abilities or contacts to successfully raise funds</li></li></ul><li>This Afternoon You Get...<br /><ul><li>An overview of funding types and their pros and cons
  11. Fundraising process insights for both debt and equity
  12. An overview of the current funding landscape
  13. What the programme is all about and what it can do for you
  14. Opportunities to ask questions!</li></li></ul><li>Sources of funding<br /><ul><li>Friends and Family
  15. ‘Soft’ loans
  16. Banks
  17. Business angels
  18. Venture capital</li></li></ul><li>Funding Types by Stage<br />Funding Required<br />Bank Debt<br />Venture Capital<br />>£1m<br />Seed VC<br />£1m<br />Govt secured debt<br />Seed VC<br />Business Angel<br />£100k<br />Friends & Family<br />£10k<br />R&D Grant<br />Idea Research Development Commercialisation<br />Development Stage<br />
  19. Debt vs Equity<br />
  20. Debt Basics<br />Conventional Bank Loan<br />Loans from 3Fs<br />Convertible Loan<br />Enterprise Finance Guarantee (EFG)<br />Types of Collateral<br />
  21. What Do Banks Want and Need? <br />Key considerations<br />Amount Vs Collateral<br />Interest: more risk = more interest<br />Current Climate<br />Need for Collateral<br />Based on balance sheet (so Assets / Liabilities) and P&L of the past<br />Need to build up confidence<br />
  22. What Do Banks Want and Need? <br />Ability to repay to a profile<br />Borrowing + Interest + Term<br />Long Term: Asset Financing<br />Short Term: Operating loan / Working Capital<br />Don't breach covenants (charges or loan recall)<br />Principal and interest must be repaid according to schedule agreed<br />Cash flow requirements<br />
  23. What Do Banks Want and Need? <br />How they read a business plan<br />Get the numbers right – often a weak point<br />Need more robust proposition than in previous years (good for your business anyway)<br />
  24. Debt Summary<br />No interference<br />Obligation is to repay the loan + interest<br />Tax benefits<br />If business fails you still have to repay loan + interest<br />If bankrupt lenders will have first claim on collateral<br />Interest rates vary depending on economy, your business & personal history<br />
  25. Debt Q&A<br />
  26. Sources of Equity Investment<br /><ul><li>Sweat equity
  27. 3 Fs
  28. HNWI/ Business angels
  29. Venture capital
  30. Corporates
  31. Mix of above, plus debt (in some cases)</li></li></ul><li>Equity Investors View<br />
  32. Investor Types - Angels vs VCs<br />
  33. Raising Equity<br /><ul><li>Business plan, financial forecasts and investor presentation
  34. Network, network, network (and keep networking...)
  35. Find investors that are actually investing
  36. Secure term sheets, negotiate, get external advice
  37. Understand their processes
  38. Due diligence
  39. Timing (crucial)</li></li></ul><li>EquityQ&A<br />
  40. About Fast Company 2<br /><ul><li>Help you with up-to-date knowledge and firsthand experience to prepare for growth finance
  41. Diverse range of chalk-and-talk, interactive and varied external speaker sessions
  42. Access to contacts in finance that are looking to lend/invest</li></li></ul><li>About Fast Company 2<br /><ul><li>Each stage by invitation only – apply through www.visionandmedia.co.uk
  43. Debt Workshop 26th Jan 2011
  44. Equity Workshops 27th Jan, Feb 2nd, pitching Feb 16th
  45. Wrap up / networking event February 16th</li></li></ul><li>What you should do next<br /><ul><li>Speak to the team
  46. Reviews Dec/Jan
  47. Invitation to participate early January 2011
  48. On line registration</li></li></ul><li>Thank You<br />

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