Venture Capital for Long Tail Entrepreneurs

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SXSW Core Conversation, March 15th, 2009, 3:30-4:30 …

SXSW Core Conversation, March 15th, 2009, 3:30-4:30

“Venture Capital for the Long Tail” describes the need for a fundamentally different, economically viable model for creating and funding micro-businesses. Venture capital needs a new model to adapt to declining costs to start businesses, the impact of Generation Y and increased personal and corporate transparency and sharing.

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  • 1. “Venture Capital for the Long Tail” describes the need for a fundamentally different, economically viable model for creating and funding micro- businesses. Venture capital needs a new model to adapt to declining costs to start businesses, the impact of Generation Y and increased personal and corporate transparency and sharing. SXSW, Sunday, March 15, Event tag: #SX09-682 @ Taylor Davidson | Unstructured Ventures Photography@taylordavidson.com Business@unstructuredventures.com +1 540.860.4119, @tdavidson, business strategy, photography, innovation, entrepreneurship, financial modeling, nomad, perspective, hope
  • 2. THIS IS NOT “How to raise venture capital.” “How to fund your startup.” “What is the right funding and operational model for a venture capital firm today.” INSTEAD The future will be different than today; What cultural, business, technological and political trends are “framing” our future? @ Taylor Davidson | Unstructured Ventures
  • 3. TEN FRAMES +1 @ Taylor Davidson | Unstructured Ventures
  • 4. A. Value is created at the edges, but captured at the hubs. B. The Long Tail has many edges ”and it better have a hub”. @ Taylor Davidson | Unstructured Ventures
  • 5. … preferred and common equity, convertible debt, venture debt, SBA, SBIC, DARPA, university research grants, mutual guarantee funds, angel, seed, pre-seed, Series A, B, C, “friends and family”, angel and entrepreneur investment tax credits, bootstrapping, consulting, bridge financing, “smart” and “dumb” money, mentorship-based capital, social venture commons … Broken or not, venture capital is ripe for creative destruction and reconstruction. @ Taylor Davidson | Unstructured Ventures
  • 6. Incubate people, not companies. “Lifestyle business” shouldn’t be a dirty word. @ Taylor Davidson | Unstructured Ventures
  • 7. Collaboration is a core competence. @ Taylor Davidson | Unstructured Ventures
  • 8. Companies are people. “Transparent lives” will create “transparent companies”. @ Taylor Davidson | Unstructured Ventures
  • 9. “Scaling people” is the untapped promise of the Internet. Creating context is more valuable than creating content. @ Taylor Davidson | Unstructured Ventures
  • 10. Social capital isn’t new, but everything about it is. @ Taylor Davidson | Unstructured Ventures
  • 11. Value (flow) is king. Value > Cash Flow > Stock @ Taylor Davidson | Unstructured Ventures
  • 12. “Passion allocation” is more important than asset allocation. Time, passion and attention are the most important costs of tomorrow’s economy. @ Taylor Davidson | Unstructured Ventures Taylor Davidson | Unstructured Ventures
  • 13. Generation Y isn’t waiting around. Conflicts create companies. @ Taylor Davidson | Unstructured Ventures
  • 14. Everyone is a futurist. Yet we’ll almost always be wrong. @ Taylor Davidson | Unstructured Ventures