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YEAH 2011 Conference Workshop on how to raise capital
 

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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    YEAH 2011 Conference Workshop on how to raise capital YEAH 2011 Conference Workshop on how to raise capital Presentation Transcript

    • Money talk! YEAH Conf.Hello! I’m Dimitris
    • That’s HackFwd
    • Lets start with a principle
    • money = hapiness #not
    • money = startup success #not
    • ask color- Color raised $41m pre-launch- Said “No” to Google for a $200m acquisition
    • 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
    • start small* *small is beautiful
    • this is you
    • you don’t need a million
    • what you need is:trust, guidance (and money)
    • the (usual) path 1. 3F2. Angel and Seed 3. VC
    • chapter one
    • let me show you your first investor
    • family
    • friends
    • 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
    • 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)
    • you now have- a working prototype (yay!)- a small team (max. 3ppl)- a business plan- the courage to continue
    • chapter two
    • angel/seed level investments
    • 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
    • a misconception
    • “seed funding is just about money”
    • no!
    • 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)
    • well known tech seed fundsUS:y Combinator, TechStars, 500 StartupsEU:Seedcamp, HackFwd, StartupBootCamp
    • 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
    • chapter three
    • VC
    • 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)
    • Q: Do you have a webstartup? Are you looking for money?
    • Connect with me! dimitris@away.gr@kalavros on Twitterfacebook + linkedin