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Preparing For Tech Investing

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Notes for presentation on public/private investing in tech.

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Preparing For Tech Investing

  1. 1. PREPARING FOR TECHNOLOGY INVESTING O C T O T B E R 2 0 1 3 Thursday, April 30, 15
  2. 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. 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. 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. 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. 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. Thursday, April 30, 15
  7. 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... Thursday, April 30, 15
  8. 8. MORE PUBLIC OPTIONS • Mutual Funds • Index Funds • Exchange-Traded Funds • Hedge Funds • Public Institutions Thursday, April 30, 15
  9. 9. INVESTING IN PRIVATE TECH COMPANIES • Individual investing • Becoming an LP • Starting or joining an institutional fund • Secondary markets • AngelList Thursday, April 30, 15
  10. 10. INVESTING AS AN INDIVIDUAL • Angel investing • Participating in institutional financings • Accelerators and incubators • Liquidity Thursday, April 30, 15
  11. 11. BECOMING A LIMITED PARTNER • Size of fund • Management fees • Splitting carry • Liquidity Thursday, April 30, 15
  12. 12. INSTITUTIONAL INVESTING • Becoming a “classic” VC • Venture Partner, EIR • Operating Partners • Starting a fund Thursday, April 30, 15
  13. 13. VENTURE CAPITAL INDUSTRY • What’s Venture Capital really like. • Pursuing a career in VC. • Industry breakdown by size, stage, type. Thursday, April 30, 15
  14. 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. 15. ANGELLIST / CROWDFUNDING • Decollateralization of pooled venture funds • Syndicates, Backers • Carry and platform rake • Liquidity • Known and Unknown Risks Thursday, April 30, 15

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