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Alex Osadzinski +1 (650) 854-9500 [email_address] Venture Capital (Almost) everything you wanted to know but were afraid t...
Agenda <ul><li>Who I am </li></ul><ul><li>How (California) venture capital works </li></ul><ul><li>What VCs look for </li>...
Me <ul><li>6 venture funded startups </li></ul><ul><ul><li>$234B total outcomes </li></ul></ul><ul><li>1 large company </l...
Trinity Ventures <ul><li>Founded 1986 </li></ul><ul><li>$1.3B under management </li></ul><ul><li>Investing $300M Trinity I...
Size
How venture capital works Venture Fund Limited Partners General Partners Portfolio Companies
Valley of death Valuation Time Enthusiasm Optimism Reality Results
Outcome Venture Fund Limited Partners General Partners Portfolio Companies
Measurements <ul><li>IRR </li></ul><ul><ul><li>2x return in 1 year is 100% </li></ul></ul><ul><ul><li>But only a 2x </li><...
What VCs look for <ul><li>Disruptive technology </li></ul><ul><li>Disruptive business models </li></ul><ul><li>Fast execut...
What VCs look for in a company <ul><li>Team </li></ul><ul><li>Technology </li></ul><ul><li>Traction </li></ul>
Compare
Entrepreneurs – what I look for <ul><li>Trust and respect </li></ul><ul><li>Track record </li></ul><ul><li>Confidence, ski...
Technology <ul><li>Trade secret or patented IP </li></ul><ul><li>Secret sauce – must be hard to replicate </li></ul><ul><l...
Traction <ul><li>Big markets </li></ul><ul><ul><li>All markets seem to be $1B </li></ul></ul><ul><li>Large addressable mar...
Deal flow <ul><li>At Trinity </li></ul><ul><ul><li>3000 plans/referrals -> 500 1 st  meetings -> 50 actively “worked” -> 1...
Bay Area stats <ul><li>400,000 people in technology </li></ul><ul><li>20,000 entrepreneurs </li></ul><ul><ul><li>India, Ch...
After the investment <ul><li>Active board participation </li></ul><ul><li>Follow-on rounds </li></ul><ul><li>Team building...
What do I do all day? <ul><li>Leave home 7:30am, get to office 7:42am! </li></ul><ul><li>300-400 emails </li></ul><ul><li>...
Where do I do all this?
Silicon Valley vs London <ul><li>Better weather   </li></ul><ul><li>Lower taxes </li></ul><ul><li>Everything is (much) ch...
Europe vs US  (VC) business <ul><li>Europe </li></ul><ul><li>Large fragmented market </li></ul><ul><li>Sophistication </li...
Why startups are fun <ul><li>Speed </li></ul><ul><li>Focus </li></ul><ul><li>Agility </li></ul><ul><li>Size </li></ul><ul>...
Venture capital is… <ul><li>Simple in concept </li></ul><ul><li>Complex in execution </li></ul><ul><li>Getting tougher all...
<ul><li>Alex Osadzinski [email_address] +1 (650) 854-9500 </li></ul>
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Outcome Venture Fund Limited Partners Alex Osadzinski at New Connect Club - www.ncclub.pl

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Outcome Venture Fund Limited Partners General Partners Portfolio Companies

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