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How to fix it?
Crowd-funding and new funding models
Jouko Ahvenainen

May 11, 2010




                            Grow VC - Everyone funding startups
Grow VC - Everyone funding startups
When something doesn’t work

WE MUST ACT


3    www.growvc.com           Grow VC - Everyone funding startups
When people don’t like how
   something works…




                   Grow VC - Everyone funding startups
its all about enabling
…great things                  entrepreneurship
    can happen   and the freedom of innovation




                              Grow VC - Everyone funding startups
Current Venture Capital market




                                 Grow VC - Everyone funding startups
Venture Capital model is over 50 years old…




                              Grow VC - Everyone funding startups
…and it’s going downhill




       Grow VC - Everyone funding startups
Market inefficiency


   VC market includes $540 Million in transaction fees (~3 %, NVCA, 2010)
   A few VC managers CANNOT find all the good companies
   Business angel market is not effective

      poor deal flow
      based on local/personal networks
      lack of information and tools




                                             Grow VC - Everyone funding startups
enabling a more vibrant market
via peer-to-peer and crowd-funding
                         Grow VC - Everyone funding startups
Vision
The next Silicon Valley is not a location, it is a platform
              and community on the Internet
                                          Grow VC - Everyone funding startups
“;+)




                            Virtual Silicon Valley
Grow VC - Everyone funding startups
Mission
Provide the platform, service tool kit and partner network
                 for the virtual Silicon Valley

                                        Grow VC - Everyone funding startups
Grow VC - Everyone funding startups
global
 transparent
    open
collaborative
   efficient



                Grow VC - Everyone funding startups
Networked solutions =
new frameworks


 Kiva.org transactions well over $100 Million in 4 years
 Local Motors, Lego, NASA, Linux, TxtEagle, Zopa




                                         Grow VC - Everyone funding startups
There will be much more models, because

IT IS NOT ONLY MONEY, BUT
PEOPLE AND PASSION
17   www.growvc.com                       Grow VC - Everyone funding startups
Co-op was for creating together
     Co-op will again be for creating more together




18   www.growvc.com              Grow VC - Everyone funding startups
Buying and owning




19   www.growvc.com      Grow VC - Everyone funding startups
You can take money investments
                                 and build with money




20   www.growvc.com             Grow VC - Everyone funding startups
Or you can take service investments
and build with people




   21   www.growvc.com                Grow VC - Everyone funding startups
Crowd-funding

AND HOW TO DO IT


22   www.growvc.com   Grow VC - Everyone funding startups
23   www.growvc.com   Grow VC - Everyone funding startups
P2P and Crowd-funding
via Community Investments




                            Grow VC - Everyone funding startups
Match-making and negotiation tools
for private investments




                             Grow VC - Everyone funding startups
Professional
service investments




                      Grow VC - Everyone funding startups
27   www.growvc.com   Grow VC - Everyone funding startups
28   www.growvc.com   Grow VC - Everyone funding startups
29   www.growvc.com   Grow VC - Everyone funding startups
30   www.growvc.com   Grow VC - Everyone funding startups
31   www.growvc.com   Grow VC - Everyone funding startups
Grow VC will provide
that networked solution


   Freemium - Subscription based
   NO transaction fees
   Efficient due diligence
     Standard term sheets, including partners in process




                                           Grow VC - Everyone funding startups
Create a connected
global marketplace


   Transparent global market place
   Tools to find companies, make investments and manage
    investments
   Together – Crowd, Business Angels and Institutional Investors




                                          Grow VC - Everyone funding startups
Open



   Open API’s to develop applications and services
   Open to develop new funding and business models




                                           Grow VC - Everyone funding startups
It is not only money


   Help to build the team and other key contacts to start
   Ecosystem and community to find partners, people and other
    actors
   Support good things, help new activities and build their own
    future – people do not only invest to get ROI




                                            Grow VC - Everyone funding startups
more equal opportunities,
 enabling entrepreneurship
              and investors
and accelerating innovation




          Grow VC - Everyone funding startups
Trust Economy




                Grow VC - Everyone funding startups
It can work only if

IT CREATES VALUE


38     www.growvc.com   Grow VC - Everyone funding startups
Value to All Parties
                       Grow VC - Everyone funding startups
Start-ups


    Community to find right type of investors around the world
    Tools to manage the investment process
    Market, develop and gain credibility to your company
    Build your team
    Build TRUST online




                                            Grow VC - Everyone funding startups
Investors


   A place to find early phase companies around the world
   Community peer-review indicators for interesting opportunities
    (micro investment)
   Opportunity to diversify investments and risk
   Build your TRUST online




                                            Grow VC - Everyone funding startups
Experts


 Access to start-up companies and investors around the world
 Potential customers that need investment, legal, business
  development and financial services
 Follow trends and new ideas globally
 Build your TRUST online




                                          Grow VC - Everyone funding startups
Excellent, but

WHAT NEXT?


43    www.growvc.com   Grow VC - Everyone funding startups
“You don’t have to be
   Steve Jobs, to be
    an entrepreneur”




    Grow VC - Everyone funding startups
”You don’t have to be
      Bill Gates to be
           an investor”




   Grow VC - Everyone funding startups
”Everyone must start
        somewhere”




      Grow VC - Everyone funding startups
When do YOU start...?



                  Grow Venture Community




                          Grow VC - Everyone funding startups
Jouko Ahvenainen
jouko@growvc.com
Tel (UK): +44 7889 833 165
Tel (HK): +852 8120 7854
Tel (US): +1 415 287 0854
Skype: jahven - Twitter:@jahven


                   www.growvc.com
                   Twitter: @growvc
        Podcast: “Grow VC” in iTunes


                                       Grow VC - Everyone funding startups

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Future of funding & the virtual Silicon Valley

  • 1. How to fix it? Crowd-funding and new funding models Jouko Ahvenainen May 11, 2010 Grow VC - Everyone funding startups
  • 2. Grow VC - Everyone funding startups
  • 3. When something doesn’t work WE MUST ACT 3 www.growvc.com Grow VC - Everyone funding startups
  • 4. When people don’t like how something works… Grow VC - Everyone funding startups
  • 5. its all about enabling …great things entrepreneurship can happen and the freedom of innovation Grow VC - Everyone funding startups
  • 6. Current Venture Capital market Grow VC - Everyone funding startups
  • 7. Venture Capital model is over 50 years old… Grow VC - Everyone funding startups
  • 8. …and it’s going downhill Grow VC - Everyone funding startups
  • 9. Market inefficiency  VC market includes $540 Million in transaction fees (~3 %, NVCA, 2010)  A few VC managers CANNOT find all the good companies  Business angel market is not effective  poor deal flow  based on local/personal networks  lack of information and tools Grow VC - Everyone funding startups
  • 10. enabling a more vibrant market via peer-to-peer and crowd-funding Grow VC - Everyone funding startups
  • 11. Vision The next Silicon Valley is not a location, it is a platform and community on the Internet Grow VC - Everyone funding startups
  • 12. “;+) Virtual Silicon Valley Grow VC - Everyone funding startups
  • 13. Mission Provide the platform, service tool kit and partner network for the virtual Silicon Valley Grow VC - Everyone funding startups
  • 14. Grow VC - Everyone funding startups
  • 15. global transparent open collaborative efficient Grow VC - Everyone funding startups
  • 16. Networked solutions = new frameworks  Kiva.org transactions well over $100 Million in 4 years  Local Motors, Lego, NASA, Linux, TxtEagle, Zopa Grow VC - Everyone funding startups
  • 17. There will be much more models, because IT IS NOT ONLY MONEY, BUT PEOPLE AND PASSION 17 www.growvc.com Grow VC - Everyone funding startups
  • 18. Co-op was for creating together Co-op will again be for creating more together 18 www.growvc.com Grow VC - Everyone funding startups
  • 19. Buying and owning 19 www.growvc.com Grow VC - Everyone funding startups
  • 20. You can take money investments and build with money 20 www.growvc.com Grow VC - Everyone funding startups
  • 21. Or you can take service investments and build with people 21 www.growvc.com Grow VC - Everyone funding startups
  • 22. Crowd-funding AND HOW TO DO IT 22 www.growvc.com Grow VC - Everyone funding startups
  • 23. 23 www.growvc.com Grow VC - Everyone funding startups
  • 24. P2P and Crowd-funding via Community Investments Grow VC - Everyone funding startups
  • 25. Match-making and negotiation tools for private investments Grow VC - Everyone funding startups
  • 26. Professional service investments Grow VC - Everyone funding startups
  • 27. 27 www.growvc.com Grow VC - Everyone funding startups
  • 28. 28 www.growvc.com Grow VC - Everyone funding startups
  • 29. 29 www.growvc.com Grow VC - Everyone funding startups
  • 30. 30 www.growvc.com Grow VC - Everyone funding startups
  • 31. 31 www.growvc.com Grow VC - Everyone funding startups
  • 32. Grow VC will provide that networked solution  Freemium - Subscription based  NO transaction fees  Efficient due diligence  Standard term sheets, including partners in process Grow VC - Everyone funding startups
  • 33. Create a connected global marketplace  Transparent global market place  Tools to find companies, make investments and manage investments  Together – Crowd, Business Angels and Institutional Investors Grow VC - Everyone funding startups
  • 34. Open  Open API’s to develop applications and services  Open to develop new funding and business models Grow VC - Everyone funding startups
  • 35. It is not only money  Help to build the team and other key contacts to start  Ecosystem and community to find partners, people and other actors  Support good things, help new activities and build their own future – people do not only invest to get ROI Grow VC - Everyone funding startups
  • 36. more equal opportunities, enabling entrepreneurship and investors and accelerating innovation Grow VC - Everyone funding startups
  • 37. Trust Economy Grow VC - Everyone funding startups
  • 38. It can work only if IT CREATES VALUE 38 www.growvc.com Grow VC - Everyone funding startups
  • 39. Value to All Parties Grow VC - Everyone funding startups
  • 40. Start-ups  Community to find right type of investors around the world  Tools to manage the investment process  Market, develop and gain credibility to your company  Build your team  Build TRUST online Grow VC - Everyone funding startups
  • 41. Investors  A place to find early phase companies around the world  Community peer-review indicators for interesting opportunities (micro investment)  Opportunity to diversify investments and risk  Build your TRUST online Grow VC - Everyone funding startups
  • 42. Experts  Access to start-up companies and investors around the world  Potential customers that need investment, legal, business development and financial services  Follow trends and new ideas globally  Build your TRUST online Grow VC - Everyone funding startups
  • 43. Excellent, but WHAT NEXT? 43 www.growvc.com Grow VC - Everyone funding startups
  • 44. “You don’t have to be Steve Jobs, to be an entrepreneur” Grow VC - Everyone funding startups
  • 45. ”You don’t have to be Bill Gates to be an investor” Grow VC - Everyone funding startups
  • 46. ”Everyone must start somewhere” Grow VC - Everyone funding startups
  • 47. When do YOU start...? Grow Venture Community Grow VC - Everyone funding startups
  • 48. Jouko Ahvenainen jouko@growvc.com Tel (UK): +44 7889 833 165 Tel (HK): +852 8120 7854 Tel (US): +1 415 287 0854 Skype: jahven - Twitter:@jahven www.growvc.com Twitter: @growvc Podcast: “Grow VC” in iTunes Grow VC - Everyone funding startups