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Dave McClure >> 99 VC Problems But A Batch Ain't One: Why Portfolio Size Matters For Returns

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VC 101 Education
Dave McClure, MOAR Demo Day | Aug. 11, 2015

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Dave McClure >> 99 VC Problems But A Batch Ain't One: Why Portfolio Size Matters For Returns

  1. AGENDA 9:00 Registration 10:00 VC 101 Edu 11:30 Lunch 12:45 Demos: Batch 13, part I 14:00 Break 14:30 Demos: Batch 13, part II 15:45 Break 16:15 Demos: Series A track 17:30 Networking reception
  2. #500STRONG • Team of 75 people, 15 countries, 20+ languages • $190M under management with $130M deployed • 1200 companies across all funds • >300 companies started outside the US • >300 companies with women co-founders • >150 companies with women CEOs • Companies have raised $3B+ in additional capital
  3. #1200STRONG
  4. #500TEAM (75 people) 500 TEAM % # Investment 28% 21 Operations 25% 19 Accelerator 21% 16 Distro/ Growth 17% 13 Mktg / Events 8% 6 TOTAL 100% 75 Gender % # Male 57% 43 Female 43% 57 Geo % # USA 65% 49 INTL 35% 26
  5. #500DISTRO • Distro Team: in-house growth team - 13 people • Distro Program : London, Miami, Taipei, Dubai , KL, HK + MOAR. • WMD.co: 1-day conference covering mktg & distribution
  6. #500FUNDS Fund I Jul 2010 $29M Fund II Apr 2012 $45M Fund III Oct 2013 $85M Mexico May 2013 $3M Mobile Nov 2014 $10M SE Asia Feb 2014 $10M Korea May 2015 $15M Thailand Jul 2015 $10M FI Annex Jan 2013 $4M
  7. 3 Unicorns >$1B in Value 25+ Centaurs >$100M in Value 250 - 300 Ponies >$10M in Value #500STABLE
  8. #500UNICORNS TWILIO GRAB TAXICREDIT KARMA
  9. #500UNICORNS GARTH
  10. #500CENTAURS Barkbox Intercom Ipsy Life360 Peertransfer Plangrid Remind Sendgrid Smule Sprig Makerbot ($400M) Wildfire ($350M) Viki ($200M) Behance ($150M) Simple ($117M) Sunrise (100M) StyleSeat TalkDesk The RealReal Tradesy Udemy Virool VivaReal Vungle WePay Womply EXITS + MOAR COMING
  11. Q: Chances of spotting unicorn?/ a) 1% b) 2% c) 5% d) 10%
  12. Q: Chances of spotting unicorn?/ a) 1% b) 2% c) 5% d) 10% e) ZERO
  13. Chances of spotting unicorn/
  14. / http://bit.ly/99VCProblems
  15. If portfolio size = 15 companies/
  16. / If portfolio size = 30 companies
  17. / If portfolio size = 100 companies
  18. / Consideration % Probability of Unicorn First check vs Follow-on Seed vs Series A/B
  19. / Optimal portfolio size a) 20 – 30 (NO guarantee of ANY Unicorns) b) 50 – 100(SOME Centaurs, MAYBE 1 Unicorn) c) 200 – 500 (MANY Centaurs, SEVERAL Unicorns)
  20. (Portfolio) SIZE MATTERS
  21. #500VCs 2-Week Investor Course with 500 Startups and Stanford (FIRST CLASS- MAY 2015 – DONE!) • Education program for angels, micro VCs, corporates and family offices who want to learn the Silicon Valley playbook • 35 Students, 50% female - India, Vietnam, Germany, Pakistan, Iceland, Brazil, Malaysia, South Korea, UAE, Russia, Taiwan, Jamaica
  22. #500VCs How to build investment thesis Meet REAL startup founders and conduct selection Connection with Silicon Valley investors and mentors Legal docs: cap table and standard terms How to generate deal flow Trends and relevant area of investments
  23. #500VCs Feb 8th - Feb 19th @ Stanford + 500 Sign up: http://500.vc
  24. #500SyFy Bazillion Dollar Club http://www.syfy.com/BazillionDollarClub @BazillionSyfy Debuts Sep 22nd 2015 on
  25. #500SyFy

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