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.
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YEAH 2011 Conference Workshop on how to raise capital
- 1. Money talk! YEAH Conf. Hello! I’m Dimitris
- 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
- 10. this is you
- 11. you don’t need a million
- 12. what you need is: trust, guidance (and money)
- 13. the (usual) path 1. 3F 2. Angel and Seed 3. VC
- 14. chapter one
- 15. let me show you your first investor
- 16. family
- 17. friends
- 18. 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
- 19. 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)
- 20. you now have - a working prototype (yay!) - a small team (max. 3ppl) - a business plan - the courage to continue
- 21. chapter two
- 24. 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
- 25. a misconception
- 26. “seed funding is just about money”
- 27. no!
- 28. benefits - money (around 20-50k Euro for angels / 50 to 200k Euro for seed funds) - 3-12 months programs - guidance (mentors!) - partnerships with other portfolio startups - networking - they prepare you for the “big guys” (VCs)
- 30. well known tech seed funds US: y Combinator, TechStars, 500 Startups EU: Seedcamp, HackFwd, StartupBootCamp
- 31. you now have - proof of concept - user/client base - team (7-10 ppl) - a network of mentors and business partners - Someone to push you to the next step
- 32. chapter three
- 33. VC
- 34. 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 “big thing” (IPO + your exit)
- 35. Q: Do you have a web startup? Are you looking for money?
- 36. Connect with me! dimitris@away.gr @kalavros on Twitter facebook + linkedin