Irish Technology Capital
European Technology Venture Fund




          January 4, 2010




                              ...
Supporting the entrepreneur




                              Page 2
Management Team Backgrounds




           John Hartnett                             Rich Moran                           ...
Advisory Group
The ITLG is supported by an Advisory Group of executives and
 professional advisors from both the public an...
Irish Technology Capital
• $100M venture fund investing in early
  and growth stage European technology
  companies with g...
Why Ireland?

• World-class Universities
• 20+ years of direct foreign
  investment from multi-national
  technology leade...
Investment Thesis – Invest Local, Build Global

• European /Silicon valley, connected fund.
    –   Access and Co-Investme...
What Do We Do?
ITC invests and then delivers the keys to US success:


• Market Knowledge - Understanding the real dynamic...
Challenges for 2010
• Micro – Investing in Europe
    – Raising a venture fund is challenging
    – Everyone is cautious
 ...
Thank You
       Contact:
     John Hartnett
Irish Technology Capital




                           Page 10
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Irish Technology Capital-European Technology Venture Fund - John Hartnett - Stanford-Jan 4 2010

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Presentation by John Hartnett, Irish Technology Capital, about the new venture Fund that he is raising in Ireland and Silicon Valley, aimed at the Irish and European hitech startups marketplace. Stanford Engineering, January 4 2010. Program Director and Course Instructor Dr. Burton Lee. Homepage: http://me421.stanford.edu

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Irish Technology Capital-European Technology Venture Fund - John Hartnett - Stanford-Jan 4 2010

  1. 1. Irish Technology Capital European Technology Venture Fund January 4, 2010 Page 1
  2. 2. Supporting the entrepreneur Page 2
  3. 3. Management Team Backgrounds John Hartnett Rich Moran Brendan Richardson • 20 year veteran of Silicon Valley • 25 year veteran of Silicon Valley • 18 year veteran of Silicon Valley • CEO, G24i • Partner, Venrock • Partner, Vision Capital • Former EVP Worldwide Markets • Renowned business consultant, • 12 year venture career including 8 Palm, Inc social scientist, best-selling author, investing in Ireland and Europe. organizational effectiveness • Former Director, Private Equity at • 20+ years with Handspring, evangelist. Metacreations, Claris, AT&T and Investure, $7B consortium of DEC. • Former Senior Partner, Accenture – Endowments and Foundations Technology, Media, Entertainment • Extensive network of US and • Founder – Irish Technology Practice Leadership Group European venture investors. • 5 highly successful ICT exits as an • Member – American-Ireland Fund Angel Investor – GluMobile, Portal and US-Ireland Alliance Software, etc Page 3
  4. 4. Advisory Group The ITLG is supported by an Advisory Group of executives and professional advisors from both the public and private sector Page 4
  5. 5. Irish Technology Capital • $100M venture fund investing in early and growth stage European technology companies with global potential • Key sectors: Clean Energy, IT and Wireless. • Dual HQ in Silicon Valley and Europe • Experienced: 20 year track record of successful operational, entrepreneurial Ireland and venture capital Silicon • Connected : Irish Technology Leadership Valley Group ‘Ecosystem’ Page 5
  6. 6. Why Ireland? • World-class Universities • 20+ years of direct foreign investment from multi-national technology leaders ($13B in 2008) • Established and seasoned “local” venture capital eco-system: VCs, Legal, HR, etc. • Strong entrepreneurial drive and cultural alignment with US • Relatively un-touched by US VCs • Start-ups have great promise but require direct access to Silicon Valley Page 6
  7. 7. Investment Thesis – Invest Local, Build Global • European /Silicon valley, connected fund. – Access and Co-Investment with US VCs • World class network and advisory board – Networks into key customers – Mentoring of Management • Irish Innovation Centre – European launch pad in Silicon valley Page 7
  8. 8. What Do We Do? ITC invests and then delivers the keys to US success: • Market Knowledge - Understanding the real dynamics in the US market - Competitive Analysis: (Known and under-the-radar) - Market sizing and discovery: How big is the TAM? Where are the real opportunities? - Understanding the VC landscape: Who are the best VCs to partner with? • Positioning - Setting the ground conditions for maximum potential - Enhancing Profile and rising above the Noise - Public Relations and Marketing - Guerrilla Marketing • Execution - Getting it right the first time - Hiring - Product and Channel Management - Strategic Partnering - Lead Development - Sales & Marketing Page 8
  9. 9. Challenges for 2010 • Micro – Investing in Europe – Raising a venture fund is challenging – Everyone is cautious – Deal environment is improving but still difficult • Macro – US and Globally • European/US economy is still fragile • Exits. Exits. Exits. Total # of venture backed IPOs? • 2007: 117 Total value: $10.3B • 2008: 6 Total value: $470M • 2009:* 8 Total value: $1.2B *thru Q3 Page 9
  10. 10. Thank You Contact: John Hartnett Irish Technology Capital Page 10

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