The Rise of the Angels (and the Entrepreneurs) - Baltimore - Feb 2013
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Slides from my talk at Betamore.
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The Rise of the Angels (and the Entrepreneurs) - Baltimore - Feb 2013
- 1. @paulsingh @betamore THE RISE OF THE ANGELS (AND THE ENTREPRENEURS) PAUL SINGH @paulsingh・paul@500startups.com・resultsjunkies.com
- 2. @paulsingh @betamore GETTING TO KNOW 500 STARTUPS BECAUSE WE’RE KIND OF A BIG DEAL PAUL SINGH @paulsingh・paul@500startups.com・resultsjunkies.com
- 3. @paulsingh @betamore
- 4. @paulsingh @betamore EARLY STAGE STARTUPS HAVE CHANGED
- 5. @paulsingh @betamore CLOUD, OPEN SOURCE AND ONLINE DISTRIBUTION DRIVING STARTUP COSTS LOWER THAN EVERBUT SCALING STILL COSTS MONEY
- 6. @paulsingh @betamore WEB GETS BIGGER. WORLD GETS SMALLER.
- 7. @paulsingh @betamore TRACTION IS THE NEW INTELLECTUAL PROPERTY PLATFORMS (SEARCH, SOCIAL & MOBILE) PRIMARILY DRIVING THE CHANGE. NO LONGER “GOOD ENOUGH” TO DEPEND ON TECH DIFFERENTIATION.
- 8. @paulsingh @betamore CAPITAL INCREASINGLY COMMODITIZED RISE OF THE ANGELS, YO!
- 9. @paulsingh @betamore NEW REALITY: MONEY FOLLOWS FOUNDERS RISE OF THE ENTREPRENEURS, YO!
- 10. @paulsingh @betamore SIGNALS ARE EVERYWHERE BIG DATA + OPEN SOURCE ANALYTICS = NEW TECHNIQUES FOR VC
- 11. @paulsingh @betamore SIGNALS ARE EVERYWHERE BIG DATA + OPEN SOURCE ANALYTICS = NEW TECHNIQUES FOR VC
- 12. @paulsingh @betamore TRANSPARENCY IS SIGNALS ARE EVERYWHERE BIG DATA + OPEN SOURCE ANALYTICS = NEW TECHNIQUES FOR VC
- 13. @paulsingh @betamore WALL STREET BEAT US TO IT
- 14. @paulsingh @betamore
- 15. @paulsingh @betamore “ UBS PROPRIETARY SATELLITE PARKING LOT FILL RATE ANALYSIS POINTS TO AN INTERESTING CADENCE INTRA-QUARTER AND POTENTIAL UPSIDE TO OUR VIEW.
- 16. @paulsingh @betamore
- 17. @paulsingh @betamore “ TWICE A WEEK A SMALL HELICOPTER CIRCLES OVER CUSHING’S TANK FARMS ON AN OIL INDUSTRY SPYING MISSION.
- 18. @paulsingh @betamore WALL STREET ISN’T ALONE THESE TECHNIQUES ALREADY USED TO UNDERWRITE IN-VITRO FERTILIZATION LENDING, PAYDAY LOANS, SUBPRIME AUTO LENDING, HOME/PERSONAL/AUTO INSURANCE AND MORE.
- 19. @paulsingh @betamore IT TURNS OUT, WE CAN DO IT, TOO SURPRISE!
- 20. @paulsingh @betamore
- 21. @paulsingh @betamore + “GUT” + TRUSTED MENTORS + MUCH, MUCH MORE DATA.
- 22. @paulsingh @betamore WE CAN DO IT, TOO.
- 23. @paulsingh @betamore WE CAN DO IT, TOO.
- 24. @paulsingh @betamore WE’RE DOING IT, TOO.
- 25. @paulsingh @betamore
- 26. @paulsingh @betamore “ VENTURE CAPITAL IS OPEN TO ATTACK BY DISRUPTIVE NEW BUSINESS MODELS AND TECHNOLOGY. -- NAVAL RAVIKANT (@naval)
- 27. @paulsingh @betamore EARLY STAGE VC IS CHANGING HAS CHANGED
- 28. @paulsingh @betamore STATE OF THE ART IN EARLY STAGE INVESTING IS NOT VERY SOPHISTICATED
- 29. @paulsingh @betamore UNBUNDLING OF ADVICE, CONTROL AND MONEY
- 30. @paulsingh @betamore USED TO BE ABOUT CAPITAL, DEALFLOW AND JUDGEMENT TODAY, IT’S ABOUT ACCESS.
- 31. @paulsingh @betamore (500) CHECKLIST Product solves a problem for a specific target customer Capital-efficient businesses - operational @ <$1M funding Primarily internet-based distribution - search, social, mobile, local Simple revenue models - transactions, subscriptions or affiliate Functional prototype before investment (or previous success) Small but measurable usage - some customers, early revenue Small but cross-functional team - engineer, design/UX, marketing
- 32. @paulsingh @betamore (NEW) FINANCINGS
- 33. @paulsingh @betamore (NEW) FINANCINGS Standardized terms
- 34. @paulsingh @betamore (NEW) FINANCINGS Standardized terms No fixed amounts, no closings, no leads
- 35. @paulsingh @betamore (NEW) FINANCINGS Standardized terms No fixed amounts, no closings, no leads Continuous, not discrete rounds
- 36. @paulsingh @betamore (NEW) FINANCINGS Standardized terms No fixed amounts, no closings, no leads Continuous, not discrete rounds Prices beginning to float
- 37. @paulsingh @betamore (NEW) FINANCINGS Standardized terms No fixed amounts, no closings, no leads Continuous, not discrete rounds Prices beginning to float No Board seats at the earliest stage
- 38. @paulsingh @betamore (NEW) FINANCINGS Standardized terms No fixed amounts, no closings, no leads Continuous, not discrete rounds Prices beginning to float No Board seats at the earliest stage Herd mentality and oversubscriptions
- 39. @paulsingh @betamore “ BY ITS NATURE, THE INTERNET UNDERMINES ANYONE WHOSE STATUS DEPENDS ON PRIVILEGED ACCESS TO INFORMATION. -- MICHAEL LEWIS
- 40. @paulsingh @betamore Demo Day Videos ⟹ livestream.com/500startups Sample Pitch Decks ⟹ slideshare.net/500startups Venture Capital 101 ⟹ venturehacks.com/archives Investor Thoughts: Brad Feld ⟹ feld.com Fred Wilson ⟹ avc.com Chris Dixon ⟹ cdixon.org Mark Suster ⟹ bothsidesofthetable.com
- 41. @paulsingh @betamore YOUR KEY TAKEAWAYS
- 42. @paulsingh @betamore YOUR KEY TAKEAWAYS Focus on Traction.
- 43. @paulsingh @betamore YOUR KEY TAKEAWAYS Focus on Traction. Learn to Communicate and Inspire.
- 44. @paulsingh @betamore ALSO...
- 45. @paulsingh @betamore ALSO... Think about distribution a lot
- 46. @paulsingh @betamore ALSO... Think about distribution a lot Focus on customer acquisition
- 47. @paulsingh @betamore ALSO... Think about distribution a lot Focus on customer acquisition Get on AngelList
- 48. @paulsingh @betamore ALSO... Think about distribution a lot Focus on customer acquisition Get on AngelList Learn the basics of VC economics
- 49. @paulsingh @betamore ALSO... Think about distribution a lot Focus on customer acquisition Get on AngelList Learn the basics of VC economics Raise 12-18 months of funding
- 50. @paulsingh @betamore THE RISE OF THE ANGELS (AND THE ENTREPRENEURS) PAUL SINGH @paulsingh・paul@500startups.com・resultsjunkies.com