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.

Parenting and Entrepreneurs

3,024 views

Published on

by David Teten, http://teten.com

I have deprecated this file. To see the current version, go to http://teten.com/parenting

Published in: Business, Economy & Finance

Parenting and Entrepreneurs

  1. 1. © 2016 David Teten. More at teten.com How to Raise Entrepreneurs…Children and Adults David Teten HOF.capital / @HOFcapital teten.com / @dteten New York, NY
  2. 2. © 2016 David Teten. More at teten.com Don’t Take Notes! Download the slides at teten.com/parenting
  3. 3. © 2016 David Teten. More at teten.com David Teten • Managing Partner, HOF Capital • Previously Partner for six years, ff Venture Capital, one of the best- performing seed- and early-stage VC firms in the U.S. • Previously serial entrepreneur and Bear Stearns technology investment banker • Advised clients such as Goldman Sachs Special Situations Group, Icahn Enterprises, LLR Partners ($1.4b fund), Birch Hill Equity Partners (C$2B fund), and other institutional investors • Harvard MBA, Yale BA • Teten.com / @dteten / info@teten.com
  4. 4. © 2016 David Teten. More at teten.com Angel investing is a high-return activity. • Angel mean IRR ranges from 18% to 54% across 12 studies1 • 47% of angel investments exited at a loss, vs. 64% of VC investments2 • Angel and VC rates of “home run” investments (IRR > 100%) are roughly equal 2 1 Historical Returns in Angel Markets, Right Side Capital Management, and other sources listed at http://techcrunch.com/2012/11/17/how-institutional-limited-partners-can-avoid-limited-returns/ 2 Is It Worth It?, Journal of Business Venturing, http://www.crab.rutgers.edu/~richmich/NVF%20Spring%202013/ROR%20on%20VC.pdf http://www.flickr.com/photos/alancleaver/4375850315/sizes/m/in/photostream/
  5. 5. © 2016 David Teten. More at teten.com VCAP Pilot Program Achievements - 2012 Work-Life Balance • “You can do anything, but not everything” – David Allen • Optimizing for career success or for family involvement are both extremes on a spectrum. • Everyone is replaceable in every capacity. What are you willing to delegate? • If you do not make conscious decisions on delegation, you will end up being replaced in some areas because some balls will inevitably get dropped.
  6. 6. © 2016 David Teten. More at teten.com Caveat: I’ve just begun my parenting career, so all my thoughts may be 100% wrong…
  7. 7. © 2016 David Teten. More at teten.com Caveat: Entrepreneurs ≠ Easy-to-Parent Kids
  8. 8. © 2016 David Teten. More at teten.com Caveat: We can’t possibly do everything for our kids that we’d like to do. http://farm6.staticflickr.com/5019/5485513402_7a5052d997_z.jpg
  9. 9. © 2016 David Teten. More at teten.com 1. Think different, be different
  10. 10. © 2016 David Teten. More at teten.com We are seeking entrepreneurs playing in the white space.
  11. 11. © 2016 David Teten. More at teten.com 2. “Play is the work of children” (Jean Piaget)…. so let children play as leaders.
  12. 12. © 2016 David Teten. More at teten.com Take leadership on the playground. http://farm3.staticflickr.com/2470/5826718940_47ff606512_z.jpg
  13. 13. © 2016 David Teten. More at teten.com We document and spread best practices across our portfolio.
  14. 14. © 2016 David Teten. More at teten.com 3. Provide role models. You are the average of your 5 closest friends. http://www.flickr.com/photos/25802865@N08/3178448986/
  15. 15. © 2016 David Teten. More at teten.com There are few people on TV, movies, or pop music that I view as role models. So we minimize our kids’ exposure. http://farm2.staticflickr.com/1184/1360710739_923eae708c_z.jpg?zz=1
  16. 16. © 2016 David Teten. More at teten.com Our Mentor Network and Online Community supports our companies. Karen Bantuveris, Founder/CEO of Signup.com, PTA board member
  17. 17. © 2016 David Teten. More at teten.com 4. Play individual sports as well as team sports.
  18. 18. © 2016 David Teten. More at teten.com Any questions ? Sign up for updates: teten.com @dteten
  19. 19. © 2016 David Teten. More at teten.com Disclaimer A representative of an asset management firm (“Firm”) is providing this presentation for informational purposes to the intended audience. Nothing in this presentation shall constitute an offer or solicitation with respect to the purchase or sale of any security in any jurisdiction nor should anything in this presentation form the basis of, or be relied upon for, making any investment decision. Nothing in this presentation constitutes professional and/or financial advice of any kind (including business, employment, investment advisory, accounting, tax, and/or legal advice), nor does any information in this presentation constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. This presentation and the information contained herein are provided “AS IS”. The Firm and the presenter make no representation or warranty (express or implied) with respect to the information contained herein (including, without limitation, information obtained from third parties) and expressly disclaims any liability based on or relating to the information contained in, or errors or omissions from, these materials; or based on or relating to the recipient’s use (or the use by any of its affiliates or representatives or any other person) of these materials; or based on any other written or oral communications transmitted to the recipient or any of its affiliates or representatives. The Firm and the presenter undertake no duty or obligation to update or revise the information contained in this presentation.
  20. 20. © 2016 David Teten. More at teten.com Geo Time Period Study Total Investments Exited Investments IRR US 1994 - present Band of Angels Website FAQ 240+ 63 54.0% US 2010-11 Sohl: “The Angel Investor Market in 2011: The Recovery Continues” Unknown Unknown 18-28% US 2009-10 Sohl: “The Angel Investor Market in 2010: A Market on the Rebound” Unknown Unknown 24-36% US 2008-09 Sohl: “The Angel Investor Market in 2009: Holding Steady but Changes in Seed and Startup Investments” Unknown Unknown 23-38% US approx 2004- 09 DeGennaro & Dwyer: "Expected Returns to Angel Investors" 603 434 33.0% UK 2000-08 Wiltbank: "Siding with the Angels: Business angel investing - promising outcomes and effective strategies" 1080 406 24.6% US 2007-08 Sohl: "The Angel Investor Market in 2008: A Down Year in Investment Dollars But Not in Deals" Unknown Unknown 22.0% US 2006-07 Sohl: "The Angel Investor Market in 2007: Mixed Signs of Growth" Unknown Unknown 27.7% US 1990-07 Wiltbank & Boeker: "Returns to Angel Investors in Groups" 3,097 1,137 31.4% US approx 1999- 07 Villalobos & Payne: "Startup Pre-Money Valuation: The Keystone to Return on Investment" 117 117 24.3% UK 1961- 1996 Mason & Harrison: "Is it worth it? The rates of return from informal venture capital investments" 372 128 37.4% Average Angel Returns from Twelve Studies Historical Returns in Angel Markets, Right Side Capital Management, and other sources listed at http://techcrunch.com/2012/11/17/how-institutional-limited-partners-can-avoid-limited-returns/

×