The Next10 Conference in Berlin took place on May 11th and 12th. The theme for the conference was Game Changers.
...
The Next10 Conference in Berlin took place on May 11th and 12th. The theme for the conference was Game Changers.
This is Jouko’s presentation from his workshop at the event. The presentation illustrates the fundamental problems in the funding market and our shared futures. Enjoy!
Market inefficiency
VC market includes $540 Million in transaction fees (~3 %, NVCA, 2010)
A few VC managers CANNOT find all the good companies
Business angel market is not effective
poor deal flow
based on local/personal networks
lack of information and tools
Grow VC - Everyone funding startups
enabling a more vibrant market
via peer-to-peer and crowd-funding
Grow VC - Everyone funding startups
Vision
The next Silicon Valley is not a location, it is a platform
and community on the Internet
Grow VC - Everyone funding startups
“;+)
Virtual Silicon Valley
Grow VC - Everyone funding startups
Mission
Provide the platform, service tool kit and partner network
for the virtual Silicon Valley
Grow VC - Everyone funding startups
Grow VC - Everyone funding startups
global
transparent
open
collaborative
efficient
Grow VC - Everyone funding startups
Networked solutions =
new frameworks
Kiva.org transactions well over $100 Million in 4 years
Local Motors, Lego, NASA, Linux, TxtEagle, Zopa
Grow VC - Everyone funding startups
There will be much more models, because
IT IS NOT ONLY MONEY, BUT
PEOPLE AND PASSION
17 www.growvc.com Grow VC - Everyone funding startups
Co-op was for creating together
Co-op will again be for creating more together
18 www.growvc.com Grow VC - Everyone funding startups
Grow VC will provide
that networked solution
Freemium - Subscription based
NO transaction fees
Efficient due diligence
Standard term sheets, including partners in process
Grow VC - Everyone funding startups
Create a connected
global marketplace
Transparent global market place
Tools to find companies, make investments and manage
investments
Together – Crowd, Business Angels and Institutional Investors
Grow VC - Everyone funding startups
Open
Open API’s to develop applications and services
Open to develop new funding and business models
Grow VC - Everyone funding startups
It is not only money
Help to build the team and other key contacts to start
Ecosystem and community to find partners, people and other
actors
Support good things, help new activities and build their own
future – people do not only invest to get ROI
Grow VC - Everyone funding startups
more equal opportunities,
enabling entrepreneurship
and investors
and accelerating innovation
Grow VC - Everyone funding startups
Trust Economy
Grow VC - Everyone funding startups
It can work only if
IT CREATES VALUE
38 www.growvc.com Grow VC - Everyone funding startups
Value to All Parties
Grow VC - Everyone funding startups
Start-ups
Community to find right type of investors around the world
Tools to manage the investment process
Market, develop and gain credibility to your company
Build your team
Build TRUST online
Grow VC - Everyone funding startups
Investors
A place to find early phase companies around the world
Community peer-review indicators for interesting opportunities
(micro investment)
Opportunity to diversify investments and risk
Build your TRUST online
Grow VC - Everyone funding startups
Experts
Access to start-up companies and investors around the world
Potential customers that need investment, legal, business
development and financial services
Follow trends and new ideas globally
Build your TRUST online
Grow VC - Everyone funding startups
Excellent, but
WHAT NEXT?
43 www.growvc.com Grow VC - Everyone funding startups
“You don’t have to be
Steve Jobs, to be
an entrepreneur”
Grow VC - Everyone funding startups
”You don’t have to be
Bill Gates to be
an investor”
Grow VC - Everyone funding startups
”Everyone must start
somewhere”
Grow VC - Everyone funding startups
When do YOU start...?
Grow Venture Community
Grow VC - Everyone funding startups
Jouko Ahvenainen
jouko@growvc.com
Tel (UK): +44 7889 833 165
Tel (HK): +852 8120 7854
Tel (US): +1 415 287 0854
Skype: jahven - Twitter:@jahven
www.growvc.com
Twitter: @growvc
Podcast: “Grow VC” in iTunes
Grow VC - Everyone funding startups
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