2. THANK YOU
• ...special thanks to Brian Snyder (@bryansny) and to
Salesforce for offering this space...
• ...and to Glenn for buying drinks after this session...
• ...and to all of you for showing up.
Thursday, April 30, 15
3. DISCLAIMER
• This is not financial advice.
• The opinions expressed here are just opinions.
• This isn’t a Skillshare class -- my hope is we learn together.
• The event is focused on investing in the tech sector.
• Some of you will know answers we do not. Chime in.
• Please keep discussion “off the record.”
Thursday, April 30, 15
4. TODAY’S GOALS
• For everyone to leave with better frameworks for considering
investing in technology.
• For everyone to gain a better understanding of the options
available to invest in public tech companies.
• For everyone to gain a better understanding of the options
available to invest in private tech companies.
Thursday, April 30, 15
5. WHY “THIS” EVENT
• I’ve been trying to learn more about public and private tech
investing, so this was a way to bookmark the learnings to date.
• I want to meet and connect with others who are interested in
tech investing.
• Glenn is an experienced VC and was willing to give some time.
Thursday, April 30, 15
6. GLENN
• @GlennSolomon has two superpowers...
• 1) He is an expert on identifying private companies that will
perform well in public markets.
• Pandora, Square, Nimble, Zendesk, and many more.
• 2) He played against Agassi & Sampras in tennis growing up.
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7. PUBLIC TECH STOCKS
• Set aside some $. Be prepared to lose it.
• Pick themes you believe in. Write them down. Test them.
• Invest, and monitor. Record feedback.
• Case Study: $YELP
• But...you guys aren’t here for public tech stocks...
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8. MORE PUBLIC OPTIONS
• Mutual Funds
• Index Funds
• Exchange-Traded Funds
• Hedge Funds
• Public Institutions
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9. INVESTING IN PRIVATE TECH COMPANIES
• Individual investing
• Becoming an LP
• Starting or joining an institutional fund
• Secondary markets
• AngelList
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10. INVESTING AS AN INDIVIDUAL
• Angel investing
• Participating in institutional financings
• Accelerators and incubators
• Liquidity
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11. BECOMING A LIMITED PARTNER
• Size of fund
• Management fees
• Splitting carry
• Liquidity
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13. VENTURE CAPITAL INDUSTRY
• What’s Venture Capital really like.
• Pursuing a career in VC.
• Industry breakdown by size, stage, type.
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14. SECONDARY MARKETS
• Have been around for a while.
• Facebook and Twitter ignited a marketplace around them.
• Helps with liquidity for early founders and investors.
• SecondMarket, SharesPost, etc...
• Future of AngelList, possibilities
Thursday, April 30, 15
15. ANGELLIST / CROWDFUNDING
• Decollateralization of pooled venture funds
• Syndicates, Backers
• Carry and platform rake
• Liquidity
• Known and Unknown Risks
Thursday, April 30, 15