Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.
VC 3.0 - Re-inventing Start Up Capital (again)
Georgia Tech Finance Speaker Series
November 9, 2016
Bill Nussey
Startup Capital and Finance Are Being Revolutionized
It’s increasingly unlikely we’ll see additional software
platform gia...
The Evolution of Venture Capital
VC 2.0
Internet, Mobile,
Social
Networks
VC 3.0
Physical Space,
Manufacturing
Atoms
VC 1....
“Tesla is going to be hell-bent on becoming the
best manufacturer on earth.”
“[We are] turning the factory itself into a p...
Three New Capital Models for Start Ups
Asset sharing 2.0
 Software enabled, super convenient
Manufacturing
Asset aggregat...
Case Study of VC 3.0 Failure
Between 2006 and 2011, Venture capital firms spent
over $25 billion funding clean energy tech...
Financial Skillsets
Finance 1.0 & 2.0
Raising equity capital
Payroll and taxes
Finance 3.0
Multiple types of capital
S...
Bill Nussey
@bnusse
y
NusseyNotes.com
Upcoming SlideShare
Loading in …5
×

Venture Capital 3.0

770 views

Published on

Venture capital is entering its third major era. VC 1.0 was about software and functionality - BITS. VC 2.0 was about connectedness - the internet, social, and mobile - NETWORKS. VC 3.0 is about the physical world - places, spaces and manufacturing - ATOMS.

Published in: Business
  • Be the first to comment

  • Be the first to like this

Venture Capital 3.0

  1. 1. VC 3.0 - Re-inventing Start Up Capital (again) Georgia Tech Finance Speaker Series November 9, 2016 Bill Nussey
  2. 2. Startup Capital and Finance Are Being Revolutionized It’s increasingly unlikely we’ll see additional software platform giants like Google or Amazon Investors looking for “10 bangers and 100 bangers” will begin shifting their money into new areas…
  3. 3. The Evolution of Venture Capital VC 2.0 Internet, Mobile, Social Networks VC 3.0 Physical Space, Manufacturing Atoms VC 1.0 Software Bits
  4. 4. “Tesla is going to be hell-bent on becoming the best manufacturer on earth.” “[We are] turning the factory itself into a product.” – ELON MUSK
  5. 5. Three New Capital Models for Start Ups Asset sharing 2.0  Software enabled, super convenient Manufacturing Asset aggregation  Software enabled, super convenient
  6. 6. Case Study of VC 3.0 Failure Between 2006 and 2011, Venture capital firms spent over $25 billion funding clean energy technology start- ups – they lost over half their money (MIT 2016) What went wrong? Understanding this is key for VC 3.0  Prototypes couldn’t scale to high volume manufacturing  Return profile fell outside traditional VC investor expectations  Capital management skills for traditional VCs and Entrepreneurs were only part of the required set
  7. 7. Financial Skillsets Finance 1.0 & 2.0 Raising equity capital Payroll and taxes Finance 3.0 Multiple types of capital Supply chain Inventory Packaging Distribution Safety Standards & regulations Global tariffs & imports
  8. 8. Bill Nussey @bnusse y NusseyNotes.com

×