The Importance of Smart Money:What a Startup Should Look For on        Top of Just Cash?             Lotus 9/ AIESEC     1...
Do Startups Need Money?• YES, but...• What kind of a startup are you?  – Lifestyle business (SME)            or  – Buyable...
Small Business vs. Scalable Startup
Where’s the Money?Scalable                                      Venture Capital                            Seed/         F...
Money: Degree of Wisdom• FFF                   •   Business Angels               DUMB                        •   Seed Fund...
Smart Money: What’s in it?• Experience  – Have seen all the mistakes you will make  – Have developed best practices• Conta...
Incubators & Accelerators• Business Incubator  – An infrastructure-centered concept  – Basically, a grant (subsidy) with a...
Funding Scene in Latvia• Direct Grants• Business Incubators (Regions + Riga Creative  Industries Incubator)• Banks, includ...
Summary: What’s the Strategy?• Decide on startup type• Decide on business model• Look for the resources’ needs and gaps to...
A Word on TechHub Riga      • TechHub is NOT an incubator!      • TechHub is a collocation space        (joint office) for...
Questions Welcome! viesturs@techhub.com
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Importance of Smart Money and what a start-up should look for instead of just money.
A presentation from Lotus 9 - conference about startups.
Website: http://www.aiesec.lv/lotus

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Tech Hub presentation

  1. 1. The Importance of Smart Money:What a Startup Should Look For on Top of Just Cash? Lotus 9/ AIESEC 15th of December, 2012 @ RBS
  2. 2. Do Startups Need Money?• YES, but...• What kind of a startup are you? – Lifestyle business (SME) or – Buyable startup or – Scalable startup
  3. 3. Small Business vs. Scalable Startup
  4. 4. Where’s the Money?Scalable Venture Capital Seed/ Funds Start-up Funds and Founders Business Private Equity Funds + Angels FFFLifestyle Starting-up Maturity
  5. 5. Money: Degree of Wisdom• FFF • Business Angels DUMB • Seed Funds• Bank Loans • VC Funds • Industrial Investors• Public (government) money, especially SMART grants
  6. 6. Smart Money: What’s in it?• Experience – Have seen all the mistakes you will make – Have developed best practices• Contacts – Industry – International• Loyalty & goal alignment• ... and Money...
  7. 7. Incubators & Accelerators• Business Incubator – An infrastructure-centered concept – Basically, a grant (subsidy) with a focus• Technology Incubator – A funding-centered concept – Attempt of “smart-inizing” of (mostly) public funding• Startup Accelerator – Boot camp of startups coupled with smart money
  8. 8. Funding Scene in Latvia• Direct Grants• Business Incubators (Regions + Riga Creative Industries Incubator)• Banks, including LHZB special programs• Non-bank/ junior lenders• Micro-Angels• Seed (Imprimatur Capital) and VC (BaltCap) funds
  9. 9. Summary: What’s the Strategy?• Decide on startup type• Decide on business model• Look for the resources’ needs and gaps to fill• Look for what’s going on in (your) funding market• Go out and raise financing STRATEGICALLY
  10. 10. A Word on TechHub Riga • TechHub is NOT an incubator! • TechHub is a collocation space (joint office) for tech startups, funded by memberships and sponsors • TechHub is a focal point of tech startup community in LV, active in promoting of startup culture
  11. 11. Questions Welcome! viesturs@techhub.com

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