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Grow vc next workshop 2010 05-10

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Virtual Silicon Valley by growvc.com …

Virtual Silicon Valley by growvc.com

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  • Venture Capital€71 billion in Europe, 2006 (EVCA, 2007)$18 billion in the US, 2009 (NVCA, 2010)Business Angels and friends & family represent more money than VC’sAnnual angel investments at $20-50 billion in the USGo4Venture, monthly report, March 2010:“Professional venture capital funds have become less relevant to the financing of innovation for the time being”“the market is wondering whether professional VC managers add sufficient value”“By driving new investors into the venture capital market, such shifts may prove beneficiary to the eco-system as a whole in the end”
  • Venture Capital€71 billion in Europe, 2006 (EVCA, 2007)$18 billion in the US, 2009 (NVCA, 2010)Business Angels and friends & family represent more money than VC’sAnnual angel investments at $20-50 billion in the USGo4Venture, monthly report, March 2010:“Professional venture capital funds have become less relevant to the financing of innovation for the time being”“the market is wondering whether professional VC managers add sufficient value”“By driving new investors into the venture capital market, such shifts may prove beneficiary to the eco-system as a whole in the end”
  • Venture Capital€71 billion in Europe, 2006 (EVCA, 2007)$18 billion in the US, 2009 (NVCA, 2010)Business Angels and friends & family represent more money than VC’sAnnual angel investments at $20-50 billion in the USGo4Venture, monthly report, March 2010:“Professional venture capital funds have become less relevant to the financing of innovation for the time being”“the market is wondering whether professional VC managers add sufficient value”“By driving new investors into the venture capital market, such shifts may prove beneficiary to the eco-system as a whole in the end”
  • Venture Capital€71 billion in Europe, 2006 (EVCA, 2007)$18 billion in the US, 2009 (NVCA, 2010)Business Angels and friends & family represent more money than VC’sAnnual angel investments at $20-50 billion in the USGo4Venture, monthly report, March 2010:“Professional venture capital funds have become less relevant to the financing of innovation for the time being”“the market is wondering whether professional VC managers add sufficient value”“By driving new investors into the venture capital market, such shifts may prove beneficiary to the eco-system as a whole in the end”
  • First services:Crowdfunding via Community InvestmentsMatch-making and negotiation tools for private investmentsProfessional service investments
  • First services:Crowdfunding via Community InvestmentsMatch-making and negotiation tools for private investmentsProfessional service investmentsNext steps:Local investment networks and entrepreneur communitiesCorporate VC platformVC Co-investmentsOpen platform to build investment models
  • Next steps:Local investment networks and entrepreneur communitiesCorporate VC platformVC Co-investmentsOpen platform to build investment models
  • Trust is based on several components:Official (e.g. licenses)Personal (e.g. feelings and earlier experiences)Networks (e.g. do my friends or business partners trust in something or someone).There are many ways to build trust in networking services, e.g. track record, social network, ratings, trusted partnersYounger generations have grown into a new type of trust and privacy worldReputation is one of the key assets in the networked society – you should build it, not destroy it
  • Start-upsInvestorsExperts
  • Transcript

    • 1. How to fix it?Crowd-funding and new funding models
      Jouko Ahvenainen
      May 11, 2010
    • 2. Sometimes you just knowwhen things don’t feel quite right
    • 3. We must act
      When something doesn’t work
      www.growvc.com
      3
    • 4. When people don’t like how something works…
    • 5. its all about enabling
      entrepreneurship
      and the freedom of innovation
      …great things
      can happen
    • 6. Current Venture Capital market
    • 7. Venture Capital model is over 50 years old…
    • 8. …and it’s going downhill
    • 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 isnot effective
      • poor deal flow
      • 10. based on local/personal networks
      • 11. lack of information and tools
    • enabling a more vibrant market
      via peer-to-peer and crowd-funding
    • 12. Vision
      The next Silicon Valley is not a location, it is a platform and community on the Internet
    • 13. “;+)
      Virtual Silicon Valley
    • 14. Mission
      Provide the platform, service tool kit and partner network for the virtual Silicon Valley
    • 15.
    • 16. global
      transparent
      open
      collaborative
      efficient
    • 17. Networked solutions =
      new frameworks
      Kiva.org transactions well over $100 Million in 4 years
      Local Motors, Lego, NASA, Linux, TxtEagle, Zopa
    • 18. It is not only money, butpeople and passion
      There will be much more models, because
      www.growvc.com
      17
    • 19. www.growvc.com
      18
      Co-op was for creating togetherCo-op will again be for creating more together
    • 20. Buying and owning
      www.growvc.com
      19
    • 21. www.growvc.com
      20
      You can take money investments and build with money
    • 22. www.growvc.com
      21
      Or you can take service investmentsand build with people
    • 23. And how to do it
      Crowd-funding
      www.growvc.com
      22
    • 24. www.growvc.com
      23
    • 25. P2P and Crowd-funding
      via Community Investments
    • 26. www.growvc.com
      25
    • 27. www.growvc.com
      26
    • 28. www.growvc.com
      27
    • 29. www.growvc.com
      28
    • 30. www.growvc.com
      29
    • 31. Match-making and negotiation toolsfor private investments
    • 32. Professional
      service investments
    • 33. Grow VC will provide
      that networked solution
      Freemium - Subscription based
      NO transaction fees
      Efficient due diligence
      Standard term sheets, including partners in process
    • 34. 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
    • 35. Open
      Open API’s to develop applications and services
      Open to develop new funding and business models
    • 36. 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
    • 37. WE HAVE A DREAM:
      more equal opportunities,
      where entrepreneurs
      and private investors unite
      to accelerate innovation
    • 38. Trust Economy
    • 39. It creates value
      It can work only if
      www.growvc.com
      38
    • 40. Value to All Parties
    • 41. 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
    • 42. 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
    • 43. 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 yourTRUST online
    • 44. What next?
      Excellent, but
      www.growvc.com
      43
    • 45. “You don’t have to be
      Steve Jobs, to be
      an entrepreneur”
    • 46. ”You don’t have to be
      Bill Gates to be
      an investor”
    • 47. ”Everyone must start
      somewhere”
    • 48. When do YOU start...?
      Grow Venture Community
    • 49. Jouko Ahvenainenjouko@growvc.comTel (UK): +44 7889 833 165Tel (HK): +852 8120 7854Tel (US): +1 415 287 0854Skype: jahven - Twitter:@jahven
      www.growvc.com
      Twitter: @growvc
      Podcast: “Grow VC” in iTunes

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