YEAH 2011 Conference Workshop on how to raise capital

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YEAH 2011 Conference Workshop on how to raise capital as a startup company. 3F, seed and angel investments and VCs.

YEAH 2011 Conference Workshop on how to raise capital as a startup company. 3F, seed and angel investments and VCs.

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Transcript

  • 1. Money talk! YEAH Conf.Hello! I’m Dimitris
  • 2. That’s HackFwd
  • 3. Lets start with a principle
  • 4. money = hapiness #not
  • 5. money = startup success #not
  • 6. ask color- Color raised $41m pre-launch- Said “No” to Google for a $200m acquisition
  • 7. color again- Lost its first co-founder a couple of weeks later- Other startups (with less money) do it better!- No good news so far
  • 8. start small* *small is beautiful
  • 9. this is you
  • 10. you don’t need a million
  • 11. what you need is:trust, guidance (and money)
  • 12. the (usual) path 1. 3F2. Angel and Seed 3. VC
  • 13. chapter one
  • 14. let me show you your first investor
  • 15. family
  • 16. friends
  • 17. 3F (family, friends, fools)- They trust you (and vice versa)- They are here for you- They know you really well+- They don’t know the market you are in
  • 18. how to benefit from them- money (10 to 15k Euro)- Pitch your idea (Practice)- your very first pre-alpha users (yay!)- Ask ask ask (direct feedback)
  • 19. you now have- a working prototype (yay!)- a small team (max. 3ppl)- a business plan- the courage to continue
  • 20. chapter two
  • 21. angel/seed level investments
  • 22. your first “real” investor- they are experts- they want to invest their time,resources and money in your team/idea- they don’t know you
  • 23. a misconception
  • 24. “seed funding is just about money”
  • 25. no!
  • 26. benefits- money (around 20-50k Euro forangels / 50 to 200k Euro for seed funds)- 3-12 months programs- guidance (mentors!)- partnerships with other portfoliostartups- networking- they prepare you for the “bigguys” (VCs)
  • 27. well known tech seed fundsUS:y Combinator, TechStars, 500 StartupsEU:Seedcamp, HackFwd, StartupBootCamp
  • 28. you now have- proof of concept- user/client base- team (7-10 ppl)- a network of mentors and businesspartners- Someone to push you to the next step
  • 29. chapter three
  • 30. VC
  • 31. VC- money (1m Euro to IPO)- board members (that’s how they call“mentors” now)- C and G level networking- they prepare you for the “bigthing” (IPO + your exit)
  • 32. Q: Do you have a webstartup? Are you looking for money?
  • 33. Connect with me! dimitris@away.gr@kalavros on Twitterfacebook + linkedin