Future of funding & the virtual Silicon Valley

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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!

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  • 1. How to fix it? Crowd-funding and new funding models Jouko Ahvenainen May 11, 2010 Grow VC - Everyone funding startups
  • 2. Grow VC - Everyone funding startups
  • 3. When something doesn’t work WE MUST ACT 3 www.growvc.com Grow VC - Everyone funding startups
  • 4. When people don’t like how something works… Grow VC - Everyone funding startups
  • 5. its all about enabling …great things entrepreneurship can happen and the freedom of innovation Grow VC - Everyone funding startups
  • 6. Current Venture Capital market Grow VC - Everyone funding startups
  • 7. Venture Capital model is over 50 years old… Grow VC - Everyone funding startups
  • 8. …and it’s going downhill Grow VC - Everyone funding startups
  • 9. 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
  • 10. enabling a more vibrant market via peer-to-peer and crowd-funding Grow VC - Everyone funding startups
  • 11. Vision The next Silicon Valley is not a location, it is a platform and community on the Internet Grow VC - Everyone funding startups
  • 12. “;+) Virtual Silicon Valley Grow VC - Everyone funding startups
  • 13. Mission Provide the platform, service tool kit and partner network for the virtual Silicon Valley Grow VC - Everyone funding startups
  • 14. Grow VC - Everyone funding startups
  • 15. global transparent open collaborative efficient Grow VC - Everyone funding startups
  • 16. 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
  • 17. 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
  • 18. Co-op was for creating together Co-op will again be for creating more together 18 www.growvc.com Grow VC - Everyone funding startups
  • 19. Buying and owning 19 www.growvc.com Grow VC - Everyone funding startups
  • 20. You can take money investments and build with money 20 www.growvc.com Grow VC - Everyone funding startups
  • 21. Or you can take service investments and build with people 21 www.growvc.com Grow VC - Everyone funding startups
  • 22. Crowd-funding AND HOW TO DO IT 22 www.growvc.com Grow VC - Everyone funding startups
  • 23. 23 www.growvc.com Grow VC - Everyone funding startups
  • 24. P2P and Crowd-funding via Community Investments Grow VC - Everyone funding startups
  • 25. Match-making and negotiation tools for private investments Grow VC - Everyone funding startups
  • 26. Professional service investments Grow VC - Everyone funding startups
  • 27. 27 www.growvc.com Grow VC - Everyone funding startups
  • 28. 28 www.growvc.com Grow VC - Everyone funding startups
  • 29. 29 www.growvc.com Grow VC - Everyone funding startups
  • 30. 30 www.growvc.com Grow VC - Everyone funding startups
  • 31. 31 www.growvc.com Grow VC - Everyone funding startups
  • 32. 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
  • 33. 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
  • 34. Open  Open API’s to develop applications and services  Open to develop new funding and business models Grow VC - Everyone funding startups
  • 35. 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
  • 36. more equal opportunities, enabling entrepreneurship and investors and accelerating innovation Grow VC - Everyone funding startups
  • 37. Trust Economy Grow VC - Everyone funding startups
  • 38. It can work only if IT CREATES VALUE 38 www.growvc.com Grow VC - Everyone funding startups
  • 39. Value to All Parties Grow VC - Everyone funding startups
  • 40. 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
  • 41. 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
  • 42. 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
  • 43. Excellent, but WHAT NEXT? 43 www.growvc.com Grow VC - Everyone funding startups
  • 44. “You don’t have to be Steve Jobs, to be an entrepreneur” Grow VC - Everyone funding startups
  • 45. ”You don’t have to be Bill Gates to be an investor” Grow VC - Everyone funding startups
  • 46. ”Everyone must start somewhere” Grow VC - Everyone funding startups
  • 47. When do YOU start...? Grow Venture Community Grow VC - Everyone funding startups
  • 48. 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