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Market DynamicsThen Now Funding Gap Between Angels Funding Gap Between Seed and VCs and Growth 4
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 5
OATV Investment ThemesThen 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 6
OATV Fund ReturnsThen 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
OATV Fund I Projected ReturnThen Now Downside Beating Base Projected Net Multiple Base Upside 8
Team Then Now Mark Jacobsen Mark Jacobsen Bryce Roberts Bryce Roberts Tim O’Reilly Tim O’Reilly 9