10 Things You Should Know About VC

10 THINGS YOU SHOULD KNOW ABOUT « VC » ABE – BECI – BVA Event January 21rst, 2010

Selected messages from the first Belgian Guide to VC ,[object Object],[object Object],[object Object],Olivier Witmeur, 21/01/2010

Venture Capital / VC Capital-Risque Capital-Développement Risicokapitaal Seed Capital Start-up capital Private Equity / PE Durfkapitaal Olivier Witmeur, 21/01/2010

1. VC is typical inside entrepreneurial finance Risk level High Low Company maturity FFF BUSINESS ANGELS VENTURE CAPITAL STOCK MARKETS BANKS Low High Olivier Witmeur, 21/01/2010

2. High risks = High returns ,[object Object],[object Object],[object Object],[object Object],[object Object],RISK RETURN Olivier Witmeur, 21/01/2010

3. VCs are professionals with their own business strategy ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Olivier Witmeur, 21/01/2010

4. Equity for growth … not lifestyle BE AMBITIOUS. Olivier Witmeur, 21/01/2010

5. A very selective filter 1 100 80 2 Contacts Initial meetings 10 Start of Due Diligence Investment Proposal (term sheet) Investment DON’T GIVE UP AFTER A FIRST REJECTION. Olivier Witmeur, 21/01/2010

6. A systematic Due Diligence process Initial Contact In-depth analysis Negotiate Go / No go Go / No go Shareholder agreement Term sheet Pitch Initial meeting Business Plan More info items Closing From 6 to 9 months BE PREPARED. Olivier Witmeur, 21/01/2010

7. Define Exit route in advance ,[object Object],[object Object],[object Object],[object Object],Olivier Witmeur, 21/01/2010

8. The value of a company is mainly based on its future ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Olivier Witmeur, 21/01/2010

9. A partnership with written rules ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],ETHICS MATTERS. Olivier Witmeur, 21/01/2010

10. Smart money ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],BETTER A SMALLER PART OF A MUCH BIGGER CAKE. Olivier Witmeur, 21/01/2010

[object Object],Olivier Witmeur, 21/01/2010

10 Things You Should Know About VC

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