2. Seed Funding Landscape
Then Now
$250k to $1M Seed Rounds Up to $3M Party Rounds
Y Combinator and Techstars 100+ Accelerators and
Priced Rounds Incubators
10-12 Seed Stage Funds Convertible Notes
Everyone
2
4. Market Dynamics
Then Now
Funding Gap Between Angels Funding Gap Between Seed
and VCs and Growth
4
5. OATV Investment Strategy
Then Now
Invest $500k to $1M Seed Invest $500k to $2M Seed and
Rounds Seed+ Rounds
Lead or Co-Lead Rounds up to Lead or Co-Lead Rounds up to
$2M $3M
Participate in Series B and C Participate in Series B and C
Rounds Rounds
Opportunistically Participate in Opportunistically Participate in
Traditional Series A Rounds Traditional Series A Rounds
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6. OATV Investment Themes
Then Now
Quantified Self Quantified Self Pro
Internet Subsystems Maker Pro
Smart Networks of Things Hacking Education
Manipulation and Visualization Hidden Economies
of Big Data Operations as Competitive
Sustainability Advantage
Maker Movement A Router in Every Pocket
The Internet Operating System
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7. OATV Fund Returns
Then Now (audited 12/31/11)
Solid Gross IRR Fund I
Negative Net IRR Like Woah Net IRR
Um, Wow Gross Multiple
R U Kidding?!? Net Multiple
Fund II
Really? Net IRR
Is That Possible? Multiple
Nice Net Multiple
7
8. OATV Fund I Projected Return
Then Now
Downside Beating Base Projected Net
Multiple
Base
Upside
8
9. Team
Then Now
Mark Jacobsen Mark Jacobsen
Bryce Roberts Bryce Roberts
Tim O’Reilly Tim O’Reilly
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