Grow Vc Mobile Brain Bank 2010 04 13p

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Grow VC presentation in Mobile Brain Bank event in London on April 13, 2010.

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Grow Vc Mobile Brain Bank 2010 04 13p

  1. 1. Finance for Mobile and Internet Businesses<br />JoukoAhvenainen<br />London, April 13, 2010<br />
  2. 2. www.growvc.com<br />2<br />What is Grow VC?<br />Grow VC International offers a new global service to enable early phase funding<br />Focus on web and mobile companies<br />Targeted at web and mobile companies that need $10,000 to $1,000,000 funding<br />Total transparency is essential for the service<br />Grow VC will offer three main services:<br />Match-making for business angels to fund investment opportunities and for startups to find private investors<br />Service investment match-making, professionals can invest their time and work in startup instead of dollars<br />Community Investments, i.e. open virtual investment fund that makes investments into startups based on its limited partners voting decisions<br />
  3. 3. www.growvc.com<br />3<br />Background<br />The business environment of fast-growth companies has changed significantly over the past 15 years<br />Internet and web 2.0 <br />spreading funding model<br />global #1 in their niche<br />VC’s and business angels – typically local<br />Immediately global web and mobile companies look for global smart money, not limited to single country or state<br />New funding models are needed for early phase, but also to cover the needs of different kind of companies  not only one type risk money<br />
  4. 4. Vision and Mission<br />Vision: The next Silicon Valley is not a location, it is a platform and community on the Internet<br />Mission: Grow VC will provide the platform, service tool kit and partner network for the virtual Silicon Valley<br />www.growvc.com<br />4<br />
  5. 5. www.growvc.com<br />5<br />
  6. 6. Grow VC: Platform and Market Placefor Efficient Start-up Funding<br />First services:<br />Crowdfunding via Community Investments: Members invest 75 % of the membership fee into startups, enough these micro-investments can also trigger a co-investment. Also serves as a peer-review process.<br />Matchmaking in community: Private Investors find direct investment opportunities and Startups find Private Investors<br />Professional service investments: Professionals can invest their time and work in start-up instead of equity<br />Membership fees starting from $20 a month to $140, depending on profile specifications (e.g. investment budget, funding target) <br />www.growvc.com<br />6<br />
  7. 7. Next steps<br />Local investment networks and entrepreneur communities: e.g. local incubators, universities and business angel networks<br />Virtual fund: institutional investors (e.g. VCs and LPs) can out-source seed investments to Grow VC<br />Open platform to build investment models, e.g. investors with similar interests can syndicate a virtual fund or local organization can build its own funding network with its own terms.<br />www.growvc.com<br />7<br />
  8. 8. www.growvc.com<br />8<br />
  9. 9. www.growvc.com<br />9<br />
  10. 10. www.growvc.com<br />10<br />
  11. 11. www.growvc.com<br />11<br />
  12. 12. www.growvc.com<br />12<br />
  13. 13. Web and mobile businesses:new retail business<br />The new chasm is to get attention and users<br />It is like to sell goods through supermarkets, except<br />No manufacturing costs<br />No logistical issues<br />The number of supermarkets and shelf space is in principle limitless<br />To be successful<br />Users must find your app directly, or<br />You must get good supermarkets to put your add to good shelf space, or<br />Both of these options<br />Large micro-funding investment community can help to see potential success stories<br />www.growvc.com<br />13<br />
  14. 14. www.growvc.com<br />14<br />Web and mobile servicesfunding<br />Immediately global web and mobile companies look for global smart money, not limited to single country or state<br />Step-by-step funding<br />If you cannot start mobile apps business with less than $200k, you must re-think your approach<br />Make it – launch it – improve it<br />Successful companies don’t do it immediately right, but they use money carefully and are able to change course as they learn<br />New funding models are needed for early phase, but also to cover the needs of different kind of companies  not only one type risk money<br />Someone can make simple apps for personal living without world-class ambitious, and need some money to start<br />Another one what to create fast growing business with hundreds of apps<br />
  15. 15. Micro-investment is also aco-investment tool<br />www.growvc.com<br />15<br />Investment decisions:<br /><ul><li>Private investors
  16. 16. Community of investors and entrepreneurs
  17. 17. Match-making
  18. 18. Service investments
  19. 19. Communityinvestments
  20. 20. Support for investment process and materials</li></ul>Private Investors,e.g. angels<br />Start-upXXX<br />InvestmentPartners, e.g. VC<br />Start-upYYY<br />Entrepreneurs who looks forfunding<br />Start-upZZZ<br />Investment process:Managed by community<br />
  21. 21. You don’t have to be Steve Jobs to be an entrepreneur<br />You don’t have to be Bill Gates to be an investor<br />Everyone must start somewhere<br />Grow VC – everyone funding startups<br />Jouko Ahvenainenjouko@growvc.comTel (UK): +44 7889 833 165Tel (US): +1 415 287 0854Skype: jahven<br />www.growvc.com<br />Twitter: @growvc<br />

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