Evolution of the Private Market - Paradoxos - June 2013
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Slides for my keynote talk at Paradoxos' The Next event in Durham, NC.
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Evolution of the Private Market - Paradoxos - June 2013
- 1. @paulsingh @pdxs PAUL SINGH @paulsingh・paul@dashboard.io・resultsjunkies.com THE EVOLUTION OF THE PRIVATE MARKET THE RISE OF THE ANGELS (AND THE ENTREPRENEURS)
- 2. @paulsingh @pdxs 500 STARTUPS PAUL SINGH @paulsingh・paul@dashboard.io・resultsjunkies.com
- 4. @paulsingh @pdxs EARLY STAGE STARTUPS HAVE CHANGED
- 5. @paulsingh @pdxs STARTUP COSTS LOWER THAN EVERBUT SCALING STILL COSTS MONEY CLOUD, OPEN SOURCE AND ONLINE DISTRIBUTION DRIVING
- 6. @paulsingh @pdxs WEB GETS BIGGER. WORLD GETS SMALLER.
- 7. @paulsingh @pdxs TRACTION IS THE NEW INTELLECTUAL PROPERTYPLATFORMS (SEARCH, SOCIAL & MOBILE) PRIMARILY DRIVING THE CHANGE. NO LONGER “GOOD ENOUGH” TO DEPEND ON TECH DIFFERENTIATION.
- 8. @paulsingh @pdxs CAPITAL INCREASINGLY COMMODITIZEDRISE OF THE ANGELS, YO!
- 9. @paulsingh @pdxs NEW REALITY: MONEY FOLLOWS FOUNDERS RISE OF THE ENTREPRENEURS, YO!
- 10. @paulsingh @pdxs SIGNALS ARE EVERYWHERE BIG DATA + OPEN SOURCE ANALYTICS = NEW TECHNIQUES FOR VC
- 11. @paulsingh @pdxs SIGNALS ARE EVERYWHERE BIG DATA + OPEN SOURCE ANALYTICS = NEW TECHNIQUES FOR VC
- 12. @paulsingh @pdxs TRANSPARENCY IS SIGNALS ARE EVERYWHEREBIG DATA + OPEN SOURCE ANALYTICS = NEW TECHNIQUES FOR VC
- 13. @paulsingh @pdxs WALL STREET BEAT US TO IT
- 14. @paulsingh @pdxs
- 15. @paulsingh @pdxs UBS PROPRIETARY SATELLITE PARKING LOT FILL RATE ANALYSIS POINTS TO AN INTERESTING CADENCE INTRA-QUARTER AND POTENTIAL UPSIDE TO OUR VIEW. “
- 16. @paulsingh @pdxs
- 17. @paulsingh @pdxs TWICE A WEEK A SMALL HELICOPTER CIRCLES OVER CUSHING’S TANK FARMS ON AN OIL INDUSTRY SPYING MISSION. “
- 18. @paulsingh @pdxs WALL STREET ISN’T ALONETHESE TECHNIQUES ALREADY USED TO UNDERWRITE IN-VITRO FERTILIZATION LENDING, PAYDAY LOANS, SUBPRIME AUTO LENDING, HOME/PERSONAL/AUTO INSURANCE AND MORE.
- 19. @paulsingh @pdxs WE CAN DO IT, TOOSURPRISE! IT TURNS OUT,
- 20. @paulsingh @pdxs
- 21. @paulsingh @pdxs + “GUT” + TRUSTED MENTORS + MUCH, MUCH MORE DATA.
- 22. @paulsingh @pdxs WE CAN DO IT, TOO.
- 23. @paulsingh @pdxs WE CAN DO IT, TOO.
- 24. @paulsingh @pdxs WE’RE DOING IT, TOO.
- 25. @paulsingh @pdxs
- 26. @paulsingh @pdxs VENTURE CAPITAL IS OPEN TO ATTACK BY DISRUPTIVE NEW BUSINESS MODELS AND TECHNOLOGY. “ -- NAVAL RAVIKANT (@naval)
- 27. @paulsingh @pdxs EARLY STAGE VC IS CHANGING HAS CHANGED
- 28. @paulsingh @pdxs STATE OF THE ART IN EARLY STAGE INVESTING IS NOT VERY SOPHISTICATED
- 29. @paulsingh @pdxs UNBUNDLING OF ADVICE, CONTROL AND MONEY
- 30. @paulsingh @pdxs USED TO BE ABOUT CAPITAL, DEALFLOW AND JUDGEMENTTODAY, IT’S ABOUT ACCESS.
- 31. @paulsingh @pdxs (500) CHECKLIST Product solves a problem for a specific target customer Capital-efficient businesses - operational @ <$1M funding Primarily internet-based distribution - search, social, mobile, local Simple revenue models - transactions, subscriptions or affiliate Functional prototype before investment (or previous success) Small but measurable usage - some customers, early revenue Small but cross-functional team - engineer, design/UX, marketing
- 34. @paulsingh @pdxs (NEW) FINANCINGS Standardized terms No fixed amounts, no closings, no leads
- 35. @paulsingh @pdxs (NEW) FINANCINGS Standardized terms No fixed amounts, no closings, no leads Continuous, not discrete rounds
- 36. @paulsingh @pdxs (NEW) FINANCINGS Standardized terms No fixed amounts, no closings, no leads Continuous, not discrete rounds Prices beginning to float
- 37. @paulsingh @pdxs (NEW) FINANCINGS Standardized terms No fixed amounts, no closings, no leads Continuous, not discrete rounds Prices beginning to float No Board seats at the earliest stage
- 38. @paulsingh @pdxs (NEW) FINANCINGS Standardized terms No fixed amounts, no closings, no leads Continuous, not discrete rounds Prices beginning to float No Board seats at the earliest stage Herd mentality and oversubscriptions
- 39. @paulsingh @pdxs BY ITS NATURE, THE INTERNET UNDERMINES ANYONE WHOSE STATUS DEPENDS ON PRIVILEGED ACCESS TO INFORMATION. “ -- MICHAEL LEWIS
- 40. @paulsingh @pdxs THE PRIVATE MARKET IS BECOMING MORE EFFICIENT. AND, SOON, MORE LIQUID.
- 41. @paulsingh @pdxs @paulsingh・paul@dashboard.io・resultsjunkies.com THE EVOLUTION OF THE PRIVATE MARKET THE RISE OF THE ANGELS (AND THE ENTREPRENEURS) LEARN MORE: events.dashboard.io/paradoxos OR text “DASH you@email.com” to 51303