Grow vc next workshop 2010 05-10

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Virtual Silicon Valley by growvc.com

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  • Venture Capital€71 billion in Europe, 2006 (EVCA, 2007)$18 billion in the US, 2009 (NVCA, 2010)Business Angels and friends & family represent more money than VC’sAnnual angel investments at $20-50 billion in the USGo4Venture, monthly report, March 2010:“Professional venture capital funds have become less relevant to the financing of innovation for the time being”“the market is wondering whether professional VC managers add sufficient value”“By driving new investors into the venture capital market, such shifts may prove beneficiary to the eco-system as a whole in the end”
  • Venture Capital€71 billion in Europe, 2006 (EVCA, 2007)$18 billion in the US, 2009 (NVCA, 2010)Business Angels and friends & family represent more money than VC’sAnnual angel investments at $20-50 billion in the USGo4Venture, monthly report, March 2010:“Professional venture capital funds have become less relevant to the financing of innovation for the time being”“the market is wondering whether professional VC managers add sufficient value”“By driving new investors into the venture capital market, such shifts may prove beneficiary to the eco-system as a whole in the end”
  • Venture Capital€71 billion in Europe, 2006 (EVCA, 2007)$18 billion in the US, 2009 (NVCA, 2010)Business Angels and friends & family represent more money than VC’sAnnual angel investments at $20-50 billion in the USGo4Venture, monthly report, March 2010:“Professional venture capital funds have become less relevant to the financing of innovation for the time being”“the market is wondering whether professional VC managers add sufficient value”“By driving new investors into the venture capital market, such shifts may prove beneficiary to the eco-system as a whole in the end”
  • Venture Capital€71 billion in Europe, 2006 (EVCA, 2007)$18 billion in the US, 2009 (NVCA, 2010)Business Angels and friends & family represent more money than VC’sAnnual angel investments at $20-50 billion in the USGo4Venture, monthly report, March 2010:“Professional venture capital funds have become less relevant to the financing of innovation for the time being”“the market is wondering whether professional VC managers add sufficient value”“By driving new investors into the venture capital market, such shifts may prove beneficiary to the eco-system as a whole in the end”
  • First services:Crowdfunding via Community InvestmentsMatch-making and negotiation tools for private investmentsProfessional service investments
  • First services:Crowdfunding via Community InvestmentsMatch-making and negotiation tools for private investmentsProfessional service investmentsNext steps:Local investment networks and entrepreneur communitiesCorporate VC platformVC Co-investmentsOpen platform to build investment models
  • Next steps:Local investment networks and entrepreneur communitiesCorporate VC platformVC Co-investmentsOpen platform to build investment models
  • Trust is based on several components:Official (e.g. licenses)Personal (e.g. feelings and earlier experiences)Networks (e.g. do my friends or business partners trust in something or someone).There are many ways to build trust in networking services, e.g. track record, social network, ratings, trusted partnersYounger generations have grown into a new type of trust and privacy worldReputation is one of the key assets in the networked society – you should build it, not destroy it
  • Start-upsInvestorsExperts
  • Grow vc next workshop 2010 05-10

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

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