WebGuild Startup Idol VC Perspective

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Presentation to Startup Idol Conference
Ethan Kurzweil
Bessemer Venture Partners
July 23, 2009

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WebGuild Startup Idol VC Perspective

  1. 1. VC Perspective on Trends in Investing<br />Ethan Kurzweil<br /> Bessemer Venture Partners<br />Startup Idol Conference<br /> July 23, 2009<br />Presentation online at: http://www.slideshare.net/ethankurz<br />
  2. 2. Bessemer Venture PartnersFounded 1911<br />Israel<br />Boston<br />New York<br />Califonia<br />Mumbai (India)<br />Presentation online at: http://www.slideshare.net/ethankurz<br />
  3. 3. And so you asked for trends…<br /> $100 Trillion<br />Andre Perold<br />Finance Professor<br />Harvard Business School<br />
  4. 4.
  5. 5.
  6. 6. Signs of hope in Q2…<br />
  7. 7. And even better, first-time financings are on the rise<br />
  8. 8. When Great Companies Were Founded…<br />FORE<br />SYSTEMS<br />1980 1982 1984 1986 1988 1990 1992 1994 1996<br />
  9. 9. When Great Companies Were Founded…<br />2001 2002 2003 2004 2005 2006 2007<br />
  10. 10. What’s hot right now?<br />
  11. 11. Big Markets<br />Energy<br />Internet<br />Stem Cells<br />Security<br />Mobile<br />Consumerization of enterprise software<br /><ul><li>India
  12. 12. Web Video
  13. 13. Social Gaming
  14. 14. Virtualization
  15. 15. SaaS</li></li></ul><li>Benefited by GDP<br />Changes<br />
  16. 16. Failure *is* an option...<br />Source: Dow Jones VentureSource<br />
  17. 17. And here’s why…<br /> Bessemer’s Law of Internet Efficiency<br />Web Application Development<br />Cost<br />“The time and money required to produce (design, develop, test, launch, scale) a basic e-commerce application drops in half every two years.”<br />NetScape<br /> Apache<br /> Java<br /> ActiveX<br /> Flash<br /> Shockwave<br /> PHP<br /> XML<br /> Ruby on Rails<br /> service APIs<br /> Amazon EC2<br /> AJAX<br />$20,000<br />$300<br />1995 19992003 2007<br />
  18. 18. Twitter<br />
  19. 19. Piryx<br />
  20. 20.
  21. 21. MashLogic<br />“It’s like a frickin Swiss Army Knife for hyperlinks…I’m putting this on my must-have list of Firefox addons.”<br />
  22. 22. CAPITAL<br />EFFICIENT<br />What’s hot right now?<br />
  23. 23. Tip #1: Meet your new sales force…<br />
  24. 24. Tip #1: Meet your new sales force…<br />
  25. 25. Tip #2: Get someone else to do it<br />
  26. 26. Tip #3: Design: less is more…<br />
  27. 27. Tip #4: Who are your customers?<br />
  28. 28. Tip #5: Offices are overrated<br />
  29. 29. If Bessemer won’t invest…<br />
  30. 30. Ethan Kurzweil<br />Bessemer Venture Partners<br />ethankurz@bvp.com<br /> Twitter: @ethankurz<br />Slides available at: http://www.slideshare.net/ethankurz<br />Startup Idol Conference<br /> July 23, 2009<br />Thanks!<br />

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