Tech Aviv, March 31st, 2009




© Gemini Israel Funds 2009, Private & Confidential
          Confidential
DEMO!!




2   Confidential
The entrepreneur tries to get an answer from the VC.




3   Confidential
The Partners Meeting




4   Confidential
The VC Brush-off




5   Confidential
DATA




6   Confidential
US Venture Capital Data


                                  Q3 2008 Q4 2008   Diff
# of Companies Funded             283  ...
Israel Venture Capital Data


                                   Q3 2008 Q4 2008       Diff
# of Companies Funded         ...
The LP Story (1)




9   Confidential
The LP Story (2)


     • Endowments – No liquidity
     • Fund of funds – Will they survive?
     • The ongoing fears
   ...
The VC Story (1)




11   Confidential
The VC Story (2002 vs. 2009)


                      2002             2009
Term Sheets           3x Liquidation   1x Liqui...
Summary


     • Good time to start a company?




13    Confidential
The Real Summary


     • 2 Years, 10 Months
     • 1 Board -> 7 Boards, 1 Company shutdown
     • 3 Girls -> 4 Girls
    ...
Upcoming SlideShare
Loading in...5
×

Gemini Israel Funds Presentation @ TechAviv CA

425

Published on

Gemini partner Danny Cohen's presentation at TechAviv CA. March 31st, 2009

Published in: Business, Economy & Finance
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total Views
425
On Slideshare
0
From Embeds
0
Number of Embeds
0
Actions
Shares
0
Downloads
3
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Gemini Israel Funds Presentation @ TechAviv CA

  1. 1. Tech Aviv, March 31st, 2009 © Gemini Israel Funds 2009, Private & Confidential Confidential
  2. 2. DEMO!! 2 Confidential
  3. 3. The entrepreneur tries to get an answer from the VC. 3 Confidential
  4. 4. The Partners Meeting 4 Confidential
  5. 5. The VC Brush-off 5 Confidential
  6. 6. DATA 6 Confidential
  7. 7. US Venture Capital Data Q3 2008 Q4 2008 Diff # of Companies Funded 283 236 -17% Average Investment per Company $5.4M $4.6M -15% Total VC Funding $8M $3.5M -56% Internet Deals $1,100M $787M -28% Clean technology Deals $1,100M $909M -17% • Any news? • Angels decreased $ invested (-26%), but not the overall # of deals (-3%) 7 Confidential
  8. 8. Israel Venture Capital Data Q3 2008 Q4 2008 Diff # of Companies Funded 78 81 4% Average Investment per Company $5M $3.5M -30% • VC Fund raising in 2008: $1.1bn, projected to be $300M in 2009 • Overall, 2008 was excellent, with Q4 much stronger in Israel than in the US • But the news from the west coast travels fast… 8 Confidential
  9. 9. The LP Story (1) 9 Confidential
  10. 10. The LP Story (2) • Endowments – No liquidity • Fund of funds – Will they survive? • The ongoing fears • Defaults • Capital Calls • In an odd way, US looks better than Europe • Asia? 10 Confidential
  11. 11. The VC Story (1) 11 Confidential
  12. 12. The VC Story (2002 vs. 2009) 2002 2009 Term Sheets 3x Liquidation 1x Liquidation Valuation 50% down 50% down Angel Investing Gone Not Yet Sectors Enterprise SW Cleantech Deal Flow Weak Strong Labor Market Lots of talent Lots of marketing, Eng.? Bootstrapping Harder Hard Investment Period Great ? Down Turn Shut downs Cost Cutting. 2010? Fund Raising length 6 Months ? 12 Confidential
  13. 13. Summary • Good time to start a company? 13 Confidential
  14. 14. The Real Summary • 2 Years, 10 Months • 1 Board -> 7 Boards, 1 Company shutdown • 3 Girls -> 4 Girls • 10 Pounds • 70,000 Miles • Bruce Springsteen, Eddie Vedder, Switchfoot, , , Foo Fighters 14 Confidential
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×