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Financing your business

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  • 1. Financing your business Sources of finance for startups
  • 2. Types of financing Equity Loan Other sources
  • 3. Equity Capital Ownership Willingness to take risk No interest and repayment Profit at exit – maybe…
  • 4. Sources of Equity Capital FFF Seed Funds Business Angels – Individuals – Networks Venture Funds Corporate Venture Stock Markets
  • 5. Loan Capital Low willingness to take risk Interest and repayment starts immediately No ownership
  • 6. Sources of Loan Capitals Banks Real Estate Funding Guarantee Schemes (through banks) FFF
  • 7. Other types Grants and Awards Funds Leasing Factoring Negotiate payment terms
  • 8. Financing & Life Cycle R&D Start up Exploitation & Growth
  • 9. Expand product to national markets BRIDGE IPO or sale Completing product STAGE 1 development & Preparing startup STAGE 2 Capital to maintain Full scale until pending manufacturing & sales liquidity event or initial expansion SEED STARTUP Product development, market research & Concept building management infrastructure
  • 10. R & D Financing Seed Capital – Often connected to universities Public Sector – If R&D is in the interest of society Venture Capital – If the potential is really promising Corporate – If it is of strategic interest
  • 11. Start Up Financing Business Angels – Growth potential necessary Venture Capital + Corporate – High growth potential necessary Public Sector – Grants Bank loans – Typically small – Through Guarantee Schemes
  • 12. Exploitation & Growth Financing Banks Business Angels Venture Capital
  • 13. Sources of finance Equity Funds Venture Funds Vækstfonden – Guarantee Schemes and more Business Angels Seed Fund Own money Idea/Pre-seed Seed Startup Initial growth Expansion Re-structuring
  • 14. R&D/Idea Startup Early growth Marketing Growth Maturity Private Equity 6 IPO Late-stage VC’s Revenue Non-Bank lending Factoring Early-stage VCs PROFITS Corp. Investors 4 INVESTMENT SIZE Seed Capital Founder Founders Grants Business Angels FFF TIME - 2-