More Related Content Similar to VC 2.0: The Lean Investor (Sept 2010) (20) More from Dave McClure (20) VC 2.0: The Lean Investor (Sept 2010)1. The Lean VC: a Silicon Valley 2.0 Story Dave McClure, 500 Startups ( @DaveMcClure ) http://500startups.com Capital Factory Demo Day – September 2010 – Austin, TX Re-Inventing Venture Capital & Angel Investing through Innovation, Incubation, & Iteration 5. 500 Hats Investments (13 deals, 2004-2008, ~$300K) 2004-2008: 13 deals, avg $25K results: 1 exit @ $170M (9x ), +3-7 future wins (i hope) 6. Founders Fund Investments (43 deals, 2008-2010, ~$2.9M) Results : 8 Seed rounds @ $500K+, 3 small exits, 5 ramen-profitable) Results : 1 small exit @ 4x, 5 Series A $2M+, (expect 5+ more) fbFund REV (Facebook Incubator) 22 deals ($850K) ~$15-75K FF Angel LLC 21 deals ($2M) ~$50-250K 7. 500 Startups Investments (~40+ deals, 2010, ~$3.5M) 2010 YTD: 38+ deals, avg $100K Wildfire Crave Tello AwayFind MyGengo Recurly Mogotix EcoMom Zencoder Crocodoc SayHired RevNetics AppBistro Foodspotting Medialets Rapportive TransFS SiteJabber Estately FlowTown OneForty Twilio Postling Plancast WePay OtherInbox Viikii Zozi Graphicly Networked Blogs What Up Texas! Hi Josh 9. Venture Capital 1.0 = Too Big To FAIL WIN ? (at least for *Internet* Startups) Venture Capitalist? Super Angel. 10. Silicon Valley Investor Ecosystem True Ventures First Round Capital Benchmark Sequoia Angels & Incubators ($0-10M) “ Seed” Funds ($10-50M) “ Small” VC Funds ($50-250M) “ Large” VC Funds (>$250M) Y-Combinator TechStars SoftTech (Clavier) FloodGate (Maples) Felicis (Senkut) SV Angel (Conway) 15. Platform Viability Successful Platforms have 3 Things: 1) Features 2) Users 3) Money Users . . Money Features Growth Profit Profitable Growth Nirvana 22. Startup Metrics: Lean Startup & Lean VC Measure Stuff, Iterate. (Rinse & Repeat.) Editor's Notes I know, too many bullets…