9: Winning Venture Capital (Ed French)

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9: Winning Venture Capital (Ed French)

  1. 1. Winning Venture Capital Ignite Leeds 2009 Edward French, 22nd January 2009
  2. 2. • Ed French, Investment Director, Enterprise Ventures • Team specialising in backing early-stage companies and teams • Done around 40 technology investments~ half software • £40m under management in technology funds • Deals from £50k-£2m
  3. 3. What is Venture Capital? • VC provides capital for a share of the business (usually 25-50%) • VC joins the team and helps • Everyone makes money ... OR .. Not – Some businesses fail – Some businesses survive but don’t make money – A few businesses pay back all the capital
  4. 4. When should you start talking to a VC? “Well prepared” “Early”
  5. 5. Why might my business be rejected? Too much Too similar to other Opportunity too (technology/market) small products/services risk
  6. 6. How much money should you ask for? The least that will What you need and a Aim higher than you work tiny bit more need
  7. 7. VC’s like to back companies with no competitors?
  8. 8. How long might it take? 3 months 6 months 12 months
  9. 9. Conclusion... 9
  10. 10. Contact Details Edward French Email Edward.french@enterprise- ventures.co.uk Phone 07966 347407 Yuuguu ID edwardmfrench@gmail.com Website www.rsgf.co.uk Blog techgain.net 10

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