Funding A Technology Start Up Insights Into The World Of Venture CapitalThomas Weithman
The document discusses various topics related to venture capital funding for technology startups. It provides an overview of what venture capital is and how it works. It also discusses changes in the venture capital industry, including challenges with exit markets and declining IPO activity. Additionally, it outlines opportunities for regional startups in the DC area from its strong economy, federal funding, and talented workforce. It concludes with advice for entrepreneurs on partnering with VCs and alternative funding options.
This document summarizes the Indian startup ecosystem and corporate venture capital landscape. It provides statistics on the number and types of startups in India, key sectors of focus, funding amounts and trends, top startup hubs, and mortality rates. It then discusses what corporate venture capital is, the value it provides to both corporations and startups, examples of active corporate venture funds in India, and factors that matter to investors. PSU venture funds in India are also mentioned as a new development. A sample startup pitch deck template with key sections is included to help founders effectively pitch their idea or business.
This document provides guidance on how to successfully invest in startups. It recommends having $500,000-$1,000,000 reserved for startup investing over 10 years. Investors should focus on scalable sectors like technology, life sciences, and green tech. To be successful, investors need knowledge of the sector, a strong network, risk tolerance, and patience. The document outlines the five steps of startup investing: sourcing deals, selection, negotiation, providing support, and harvesting returns. While many startups fail, the few that succeed can provide returns far greater than traditional investments.
Are you thinking about what you need to fund your company? Where do you start? Funding is not “one size fits all”. Every company has to approach their pathway to funding with a unique approach. Join our fundraising experts for an in-depth discussion of what options you have for funding and how to decide which paths are right for you and your company. Topics covered will include investment criteria, time to closing, investment range, success rates, control features, compliance requirements and the overall costs of capital from each such source.
Jean Hammond – LearnLaunchX, LearnLaunch.org, Hub Angels, Launchpad Venture Group, Golden Seeds
Robert Bishop - Goodwin Procter
In partnership with:
Founders Workbench
The document provides guidance on when and how much venture capital early-stage companies should raise. It recommends initially raising small amounts from friends and family, using that to build a product and pilot customers. It then suggests raising an angel/seed round and keeping costs low for the first year to prove scalability. It outlines when companies should consider venture capital versus other options. The document also provides tips on pitching VCs, including optimal fundraising seasons, pitch deck structure, and services The Rudder Group can provide to help companies raise capital.
Venture capital fills a void between traditional bank financing and public markets by providing funding for high-risk, high-growth startups. Venture capitalists invest in industries with exponential growth potential and prefer founding teams with strong management over second-class ideas. A venture capital deal addresses risk through the investment process, contractual agreements, and active involvement of the VC in the portfolio company. While failure is common, the most likely exit for Danish startups is acquisition by another company rather than an IPO.
This document summarizes the Global Frontier Technology Fund, which invests in early-stage technology companies around the world. The fund highlights that 85% of future GDP growth will occur outside the US and that it has a network of over 300,000 founders building companies in 49 countries. It invests in sectors like AI, blockchain, IoT, and financial technology. The fund also has partnerships to help portfolio companies scale globally.
Heated competition to get into top private-equity funds is leaving some investors out in the cold.
Pension funds, endowments and wealthy individuals that invest with private equity are finding it increasingly hard to get into the most sought-after funds, according to data and industry participants.
Private-equity firms, which raise money from such investors and then put it to work in various investment strategies, are generally filling their coffers faster this year from clients. The proportion of private-equity funds that reached or exceeded the maximum amount the firms set out to raise this year is at its highest level since at least 2009, according to a snapshot of funds for which private-equity tracker Preqin has data. Typically, firms put a limit on the size of the fund they are raising, known as a hard cap, at the beginning of the fundraising process. That hard cap generally can’t be exceeded without approval from fund investors.
As of Nov. 13, 55% of roughly 280 funds for which Preqin had hard-cap data reached or surpassed that maximum size. Last year, 43% of funds hit or exceeded those limits.
Funding A Technology Start Up Insights Into The World Of Venture CapitalThomas Weithman
The document discusses various topics related to venture capital funding for technology startups. It provides an overview of what venture capital is and how it works. It also discusses changes in the venture capital industry, including challenges with exit markets and declining IPO activity. Additionally, it outlines opportunities for regional startups in the DC area from its strong economy, federal funding, and talented workforce. It concludes with advice for entrepreneurs on partnering with VCs and alternative funding options.
This document summarizes the Indian startup ecosystem and corporate venture capital landscape. It provides statistics on the number and types of startups in India, key sectors of focus, funding amounts and trends, top startup hubs, and mortality rates. It then discusses what corporate venture capital is, the value it provides to both corporations and startups, examples of active corporate venture funds in India, and factors that matter to investors. PSU venture funds in India are also mentioned as a new development. A sample startup pitch deck template with key sections is included to help founders effectively pitch their idea or business.
This document provides guidance on how to successfully invest in startups. It recommends having $500,000-$1,000,000 reserved for startup investing over 10 years. Investors should focus on scalable sectors like technology, life sciences, and green tech. To be successful, investors need knowledge of the sector, a strong network, risk tolerance, and patience. The document outlines the five steps of startup investing: sourcing deals, selection, negotiation, providing support, and harvesting returns. While many startups fail, the few that succeed can provide returns far greater than traditional investments.
Are you thinking about what you need to fund your company? Where do you start? Funding is not “one size fits all”. Every company has to approach their pathway to funding with a unique approach. Join our fundraising experts for an in-depth discussion of what options you have for funding and how to decide which paths are right for you and your company. Topics covered will include investment criteria, time to closing, investment range, success rates, control features, compliance requirements and the overall costs of capital from each such source.
Jean Hammond – LearnLaunchX, LearnLaunch.org, Hub Angels, Launchpad Venture Group, Golden Seeds
Robert Bishop - Goodwin Procter
In partnership with:
Founders Workbench
The document provides guidance on when and how much venture capital early-stage companies should raise. It recommends initially raising small amounts from friends and family, using that to build a product and pilot customers. It then suggests raising an angel/seed round and keeping costs low for the first year to prove scalability. It outlines when companies should consider venture capital versus other options. The document also provides tips on pitching VCs, including optimal fundraising seasons, pitch deck structure, and services The Rudder Group can provide to help companies raise capital.
Venture capital fills a void between traditional bank financing and public markets by providing funding for high-risk, high-growth startups. Venture capitalists invest in industries with exponential growth potential and prefer founding teams with strong management over second-class ideas. A venture capital deal addresses risk through the investment process, contractual agreements, and active involvement of the VC in the portfolio company. While failure is common, the most likely exit for Danish startups is acquisition by another company rather than an IPO.
This document summarizes the Global Frontier Technology Fund, which invests in early-stage technology companies around the world. The fund highlights that 85% of future GDP growth will occur outside the US and that it has a network of over 300,000 founders building companies in 49 countries. It invests in sectors like AI, blockchain, IoT, and financial technology. The fund also has partnerships to help portfolio companies scale globally.
Heated competition to get into top private-equity funds is leaving some investors out in the cold.
Pension funds, endowments and wealthy individuals that invest with private equity are finding it increasingly hard to get into the most sought-after funds, according to data and industry participants.
Private-equity firms, which raise money from such investors and then put it to work in various investment strategies, are generally filling their coffers faster this year from clients. The proportion of private-equity funds that reached or exceeded the maximum amount the firms set out to raise this year is at its highest level since at least 2009, according to a snapshot of funds for which private-equity tracker Preqin has data. Typically, firms put a limit on the size of the fund they are raising, known as a hard cap, at the beginning of the fundraising process. That hard cap generally can’t be exceeded without approval from fund investors.
As of Nov. 13, 55% of roughly 280 funds for which Preqin had hard-cap data reached or surpassed that maximum size. Last year, 43% of funds hit or exceeded those limits.
This document provides an overview of a course on seed funding and venture capital taught by Greg Horowitt. The course covers key topics such as the role of venture capital in funding early stage companies, the qualities and motivations of venture capitalists, assessing the right type of funding for a company, and the venture capital investment process from deal sourcing to preparing companies for exit. It also defines different types of investors like angels, venture capital firms, and private equity, and explains the venture capital method of calculating required return on investment.
Have you ever considered becoming an Angel Investor? Wondered why people join angel groups as opposed to going it alone? Then this session is for you.
Join MLA Chair and Angel Investor Gerard Buckley as he leads a session that will answer the following:
What is Angel Investing?
Why would someone be an Angel Investor?
Who are Angel Investors?
What types of companies do Angels invest in?
What is Maple Leaf Angels and what are the benefits of joining?
This document outlines 10 best practices for deal management software according to Netage Solutions. The first best practice is to automate recurring deal pipeline reports so investment teams have up-to-date reports on Mondays without last minute preparations. The second is to track deal referrals by role to identify top sources. The third recommends integrating online data sources into the software using browser panels to access information without leaving the application.
This is a presentation on the state of deal sourcing in the middle and lower middle private markets. The presentation goes into detail on the state of the market, best practices for sourcing deals, etc.
Insights about Corporate Venturing Capital and InnovationMiquel Angel Perez
This document discusses corporate venture capital (CVC) and innovation from a business model perspective. It defines CVC as a large firm taking an equity stake in a small, innovative startup to gain a competitive advantage. The document presents the CVC business model canvas and explains that a CVC's value proposition is in helping startups mature and increase their value through strategic support rather than just financial investment. It concludes that measuring a CVC's effectiveness in accelerating startup maturation is still a challenge, and that a CVC must balance short-term financial results with enabling long-term innovation.
The document provides advice on common mistakes made when raising capital under Section 708 placement rules in Australia. It summarizes Morgan Cradock's report on the "Top 11 Small Scale Offer Document Mistakes", including: not being open to third party investors; believing a Small Scale Offer Document is not needed to raise capital; and providing insufficient details on the use of funds. The report aims to help businesses successfully raise capital while complying with Australian securities regulations.
Kauffman Foundation Report: Poor Long-Term Returns from Venture CapitalPhilipp Klöckner
A recent report by the Ewing Marion Kauffman Foundation raises serious questions about the degree to which venture capital deserves emulation.
The report, provocatively titled “We Have Met the Enemy and He is Us”, summarizes its findings thus:
Limited Partners (LPs) — foundations, endowments, and state pension funds — invest too much capital in underperforming venture capital funds on frequently misaligned terms. Our research suggests that investors like us succumb time and again to narrative fallacies, a well-studied behavioral finance bias.
Valuation is caveat emptor –buyer beware. More investors have lost more money because they overpaid for a stock than has been lost due to fraud. (Warren Buffett and Benjamin Graham = Value Investing)
2015 Venture Capital & Startup Traction ReportMattermark
Dive into venture funding trends
Take an in-depth look at the funding events, growth signals, exits and other insights into the fastest growing private companies. It’s compiled by our independent, in-house editorial staff to help you make fast, informed and accurate decisions.
Presented at the Digital Ventures/Siam Commercial Bank Faster Future Fintech Forum (28 Feb 2017, Bangkok) by Paul Ark, Managing Director of Corporate Venture Capital of Digital Ventures
Angel investors provide early-stage funding and guidance for startups. They typically invest smaller amounts than venture capitalists and get involved at earlier stages. The document discusses different types of angel investors, their roles in filling funding gaps, differences from venture capitalists, investment profiles seeking high returns, and considerations for entrepreneurs seeking angel funding.
Presented by David Teten - Managing Partner, HOF Capital
The cost of starting a business has trended down to the cost of being unemployed, which means dramatically more startups, and therefore more competition for your startup idea. How do you identify a startup idea that addresses a market others are not serving?
The document discusses success with venture capital and angel investors. It provides an outline on the basics of the investor market, types of venture capital and angel investors, and what investors want. Examples are given of successful companies that received venture capital funding, including brief descriptions of the companies and their founders. The presentation aims to help audiences understand how to find and appeal to venture capital and angel investors.
The document is a newsletter from Ernst & Young's Transaction Advisory Services practice titled "Capital Insights". It discusses various topics related to raising, investing, preserving, and optimizing capital. The newsletter includes features on joint ventures, an interview with Pfizer's CFO discussing partnerships, challenges in the aviation industry and airline alliances, distressed debt investing in Europe, factors contributing to success in the Nordic countries, valuing intellectual property to raise capital, and alternative sources of financing. It also contains regular sections on news headlines, recent deal trends, perspectives from private equity experts, and other insights relevant to business decisions.
Venture capitalists influenced significantly the information and industrial technology revolution of the twentieth century. If we want to make up for lost time in Africa, it would be perhaps time to solicit the creation and access of funds from Capital Risks.
Introduction to venture capital mvca event-25 feb 2016intrescapital
Venture capital is more than just money - it provides resources like talent, connections and advice to help businesses succeed. Venture capitalists work closely with companies, providing guidance and networking opportunities. They invest in stages from seed funding through expansion and growth. Companies seek venture capital when they need significant funding to scale up and reach large revenues. Venture capitalists want sizable returns from investments and prefer companies that could achieve big outcomes through an IPO or acquisition.
If you're a college student, learn more about startup internships and careers. What roles are a fit for interns and recent grads, how do you find them, and how do you pick a good startup to work for? If instead you want to start your own business, how do you fund it?
This document discusses various sources of funding for growing businesses, including friends and family, angel investors, and venture capital. It provides details on each type of funding:
- Angel investors provide early funding for ideas and may invest small amounts to help develop the business. Some angels professionally advise businesses.
- Venture capital funds invest larger amounts in exchange for equity and control over company decisions. They focus on innovative high-growth companies that need funding to expand.
- Different stages of business growth require different amounts of funding, from less than RM50k in the earliest stages to millions later on when seeking to commercialize and expand. Securing venture capital funding takes time and proving the business concept works.
This document provides an overview of a course on seed funding and venture capital taught by Greg Horowitt. The course covers key topics such as the role of venture capital in funding early stage companies, the qualities and motivations of venture capitalists, assessing the right type of funding for a company, and the venture capital investment process from deal sourcing to preparing companies for exit. It also defines different types of investors like angels, venture capital firms, and private equity, and explains the venture capital method of calculating required return on investment.
Have you ever considered becoming an Angel Investor? Wondered why people join angel groups as opposed to going it alone? Then this session is for you.
Join MLA Chair and Angel Investor Gerard Buckley as he leads a session that will answer the following:
What is Angel Investing?
Why would someone be an Angel Investor?
Who are Angel Investors?
What types of companies do Angels invest in?
What is Maple Leaf Angels and what are the benefits of joining?
This document outlines 10 best practices for deal management software according to Netage Solutions. The first best practice is to automate recurring deal pipeline reports so investment teams have up-to-date reports on Mondays without last minute preparations. The second is to track deal referrals by role to identify top sources. The third recommends integrating online data sources into the software using browser panels to access information without leaving the application.
This is a presentation on the state of deal sourcing in the middle and lower middle private markets. The presentation goes into detail on the state of the market, best practices for sourcing deals, etc.
Insights about Corporate Venturing Capital and InnovationMiquel Angel Perez
This document discusses corporate venture capital (CVC) and innovation from a business model perspective. It defines CVC as a large firm taking an equity stake in a small, innovative startup to gain a competitive advantage. The document presents the CVC business model canvas and explains that a CVC's value proposition is in helping startups mature and increase their value through strategic support rather than just financial investment. It concludes that measuring a CVC's effectiveness in accelerating startup maturation is still a challenge, and that a CVC must balance short-term financial results with enabling long-term innovation.
The document provides advice on common mistakes made when raising capital under Section 708 placement rules in Australia. It summarizes Morgan Cradock's report on the "Top 11 Small Scale Offer Document Mistakes", including: not being open to third party investors; believing a Small Scale Offer Document is not needed to raise capital; and providing insufficient details on the use of funds. The report aims to help businesses successfully raise capital while complying with Australian securities regulations.
Kauffman Foundation Report: Poor Long-Term Returns from Venture CapitalPhilipp Klöckner
A recent report by the Ewing Marion Kauffman Foundation raises serious questions about the degree to which venture capital deserves emulation.
The report, provocatively titled “We Have Met the Enemy and He is Us”, summarizes its findings thus:
Limited Partners (LPs) — foundations, endowments, and state pension funds — invest too much capital in underperforming venture capital funds on frequently misaligned terms. Our research suggests that investors like us succumb time and again to narrative fallacies, a well-studied behavioral finance bias.
Valuation is caveat emptor –buyer beware. More investors have lost more money because they overpaid for a stock than has been lost due to fraud. (Warren Buffett and Benjamin Graham = Value Investing)
2015 Venture Capital & Startup Traction ReportMattermark
Dive into venture funding trends
Take an in-depth look at the funding events, growth signals, exits and other insights into the fastest growing private companies. It’s compiled by our independent, in-house editorial staff to help you make fast, informed and accurate decisions.
Presented at the Digital Ventures/Siam Commercial Bank Faster Future Fintech Forum (28 Feb 2017, Bangkok) by Paul Ark, Managing Director of Corporate Venture Capital of Digital Ventures
Angel investors provide early-stage funding and guidance for startups. They typically invest smaller amounts than venture capitalists and get involved at earlier stages. The document discusses different types of angel investors, their roles in filling funding gaps, differences from venture capitalists, investment profiles seeking high returns, and considerations for entrepreneurs seeking angel funding.
Presented by David Teten - Managing Partner, HOF Capital
The cost of starting a business has trended down to the cost of being unemployed, which means dramatically more startups, and therefore more competition for your startup idea. How do you identify a startup idea that addresses a market others are not serving?
The document discusses success with venture capital and angel investors. It provides an outline on the basics of the investor market, types of venture capital and angel investors, and what investors want. Examples are given of successful companies that received venture capital funding, including brief descriptions of the companies and their founders. The presentation aims to help audiences understand how to find and appeal to venture capital and angel investors.
The document is a newsletter from Ernst & Young's Transaction Advisory Services practice titled "Capital Insights". It discusses various topics related to raising, investing, preserving, and optimizing capital. The newsletter includes features on joint ventures, an interview with Pfizer's CFO discussing partnerships, challenges in the aviation industry and airline alliances, distressed debt investing in Europe, factors contributing to success in the Nordic countries, valuing intellectual property to raise capital, and alternative sources of financing. It also contains regular sections on news headlines, recent deal trends, perspectives from private equity experts, and other insights relevant to business decisions.
Venture capitalists influenced significantly the information and industrial technology revolution of the twentieth century. If we want to make up for lost time in Africa, it would be perhaps time to solicit the creation and access of funds from Capital Risks.
Introduction to venture capital mvca event-25 feb 2016intrescapital
Venture capital is more than just money - it provides resources like talent, connections and advice to help businesses succeed. Venture capitalists work closely with companies, providing guidance and networking opportunities. They invest in stages from seed funding through expansion and growth. Companies seek venture capital when they need significant funding to scale up and reach large revenues. Venture capitalists want sizable returns from investments and prefer companies that could achieve big outcomes through an IPO or acquisition.
If you're a college student, learn more about startup internships and careers. What roles are a fit for interns and recent grads, how do you find them, and how do you pick a good startup to work for? If instead you want to start your own business, how do you fund it?
This document discusses various sources of funding for growing businesses, including friends and family, angel investors, and venture capital. It provides details on each type of funding:
- Angel investors provide early funding for ideas and may invest small amounts to help develop the business. Some angels professionally advise businesses.
- Venture capital funds invest larger amounts in exchange for equity and control over company decisions. They focus on innovative high-growth companies that need funding to expand.
- Different stages of business growth require different amounts of funding, from less than RM50k in the earliest stages to millions later on when seeking to commercialize and expand. Securing venture capital funding takes time and proving the business concept works.
Venture capital involves providing funding to young companies that cannot raise capital through public markets or bank loans. Venture capitalists typically invest in early-stage companies and expect returns of 30-50% over 3-7 years. They are actively involved through board seats. Venture capital started growing in the US post-World War II and boomed in the 1960s and 1980s but saw declines. On average, 3 out of 10 venture investments are successful, yielding returns of 5-10 times the initial investment. Venture capitalists add value through strategic guidance and connections.
The document discusses various options for raising capital to fund startup growth, including equity financing, debt financing, bootstrapping, government grants and loans, angels, venture capital firms, strategic investors, and debt investors. It provides an overview of the advantages and disadvantages of each approach, as well as examples of financing sources available in Arkansas, such as the Fund for Arkansas' Future angel fund.
Jan Vorstermans discusses funding and ecosystems for ICT startups. He outlines his background and experience founding startups and investing. The probability of startup success is low, so programs are needed to enhance success rates. However, successful entrepreneurs are often not university dropouts but have work experience. When selecting startups for incubation and acceleration, the right problems and teams must be chosen. External investment is not always needed but provides validation and risk/reward sharing. Crowdfunding is an alternative source of early funding that is growing. iMinds supports tech businesses in Flanders through incubation, research projects, and global expansion support. VentureWise aims to fill financing gaps for startups between incubation and later funding stages through their
Investment Analyst Guy Wallace explores the fundamental principles of venture capital and the different pathways into the industry for Textbook Ventures.
Venture capital provides funding to startup companies and small businesses with high growth potential. It involves high risk but can provide large sums of equity financing. Venture capital funding stages include seed money, startup funding, first round funding, and later stage funding. It helps attract investment for new businesses and promotes economic growth and innovation. However, it also carries risks and venture capitalists may become business partners. India has various categories of venture capital firms including those promoted by the central government, public banks, and state governments. They typically invest in high tech sectors in major cities like Mumbai, Bangalore, Delhi, and Chennai.
These are the slides that accompanied the Q2 2021 Quarterly Investment Briefing for West of England on 24th June. The event included lightning talks from Matt Penneycard, Ada Ventures, Matt Hicks, Williams Advanced Engineering and Sam Olof, Science Creates Ventures.
Slides 56-58 include information about those 13 companies that are actively raising investment in Q2 2021. Check out the disclaimer - these aren't recommendations, just information.
20 most innovative companies in Fintech IndustrySumit Roy
Global fintech financing has more than trebled in the past three years to an estimated US$3 billion annually and the level of innovation in the financial services sector has been unprecedented over the past 12 months. The level of spend and intensity of focus will – and already has – led to the development and release of products and solutions that will change the way customers view and interact with their financial services
WBS Entrepreneurship Mentoring Workshop -28 July 2011 - John GriffithsWarwick Business School
This document discusses various funding options for entrepreneurs, including grants, debt, angel investors, and venture capital. It emphasizes the importance of developing an investment-ready business by creating a strong proposition, proof points, compelling business plan, and focused pitch. The Connect Midlands program is highlighted for its success in helping over 1,000 businesses become investment-ready and assisting over 300 entrepreneurs in raising £200 million total.
The document discusses issues with the current venture capital model and the need for change. Specifically, it argues that (1) venture capital is broken as most companies don't receive funding and the industry fails to generate adequate returns, (2) true innovation is undercapitalized as investments are concentrated in few sectors and have unrealistic expectations, and (3) the current model is unsustainable as fundraising exceeds exits and the same firms continue to receive funding despite poor performance. It calls for less and better-funded venture capital firms that invest in more companies using standardized processes and terms to better support innovation.
Creative Solutions International and Midtown Partners & Co. provide a complete package of services to help small-cap companies raise capital, increase investor awareness, and grow their shareholder base and market capitalization. Midtown Partners offers broker-dealer licensing, private placements, and smaller IPOs, while Creative Solutions provides business analysis, strategy, marketing, and operations support. Their team has over 300 combined years of experience helping small companies go public and increase their valuation.
Tyson Foods is leveraging technology across its entire value chain from food processing to distribution to retail. The company has made major acquisitions and investments in automation, robotics, machine learning, and other technologies. Tyson's CTO has stated that the company sees itself as a technology company that happens to provide food, as it transforms from an 85-year old food company to one that operates with immense digital capabilities at the speed of business.
Venture capital equity funding explained - Paula Mariwala, Seed Fundtiemumbai
Know more about fund raising and the key parameters that an investors takes into consideration while investing his money and time into a business or entrepreneur as explained by Paula Mariwala - Partner Seed Fund
Creative Solutions International and Midtown Partners & Co. provide services to help small-cap companies raise capital, increase investor awareness, and improve their market capitalization. Their package includes broker-dealer services from Midtown Partners to facilitate private placements and underwritings, as well as management consulting from Creative Solutions International. They target companies with less than $500 million in revenue across various industries. The team leverages over 300 combined years of experience in investment banking, management consulting, and capital raising to help small-cap clients increase their shareholder base and valuation.
Andrew Romans - general partner of Rubicon Venture Capital.
Andrew Romans, based in Silicon Valley, is a successful VC-backed entrepreneur, author of two top-selling books on venture capital, former tech VC and M&A investment banker, cofounder of an angel group and now General Partner of Rubicon Venture Capital, a VC fund active in Silicon Valley, New York and Europe. Masters of Corporate Venture Capital and The Entrepreneurial Bible to Venture Capital have been translated into Chinese, Japanese and Russian by major publishers.
Romans raised over $48m for tech startups he founded by the age of 28. He has continually raised VC funding as a founder, banker or VC ever since. Romans was the founder and General Partner of The Founders Club and also acted as the Managing Director of EMEA at VC-backed Sentito Networks (acquired by Verso Technologies) and managed enterprise software sales in Europe at VC-backed Motive Communications (NASDAQ IPO). He founded a global angel group and turned that into a venture capital group Rubicon Venture Capital. He is also a frequent VC guest speaker on TV shows including MSNBC, CNBC and ABC, as well as various TV channels in China and Russia. He was born in Japan, lived in Europe for 15 years and is fluent in English, German, and French and can speak conversationally in Slovak. He began his career in 1993 working in the UNIX computing industry at Pencom Systems in New York, Silicon Valley, and Austin. He holds a BA from the University of Vermont and an MBA in finance from Georgetown University, which he completed on scholarship.
A bank for digital startups - Deutsche Handelsbank - NOAH19 LondonNOAH Advisors
FinTech & InsurTech: Company presentation by Jens Munk, co-CEO of Deutsche Handelsbank at the NOAH Conference London 2019, 30-31 October, Old Billingsgate.
Deutsche Handelsbank is a specialized bank for digital startups and growth companies that accompanies digital startups and growth companies from various industries along their way with growth financing, working capital, banking-as-a-service, and factoring solutions.
Dr. Michael S. Perry - Afternoon Keynote Presentationmarsinnovation
Michael Perry gave a presentation at the MaRS Innovation Summit in Toronto, Canada on October 28, 2010. He discussed trends in pharmaceutical R&D including rising costs of drug development and declining productivity. He noted significant unmet medical needs in areas like oncology, cardiovascular disease, and diabetes. Perry also talked about how venture capital like Bay City Capital is fueling innovation by translating academic research into potential drugs and funding their development through commercialization. However, industry faces challenges like large patent cliffs and risk aversion. Perry proposed strategies like the Pharma Innovation Fund to help bridge gaps in translating discoveries into treatments.
Lingo Media Corporation is an English language learning company that provides publishing, social learning, and training platforms. It has over 1.5 million registered users on its social learning platform Speak2Me. Lingo Media works with publishers in China to develop English textbooks used by over 11.7 million students. It also provides customized online training solutions through its Parlo platform to clients like China Southern Airlines and Shanghai World Expo. Lingo Media's growth strategy includes acquisitions, expanding partnerships in China and India, and launching new products such as an online English assessment service.
Yissum is one of the top 15 technology transfer companies in the world, with over 6,100 patents and 1,750 inventions licensed over 46 years. It works to commercialize research from The Hebrew University of Jerusalem and affiliated hospitals. Yissum is taking a more active role in technology transfer by creating funding platforms for projects at all stages of development and securing different funding opportunities. This helps bridge the "valley of death" between academic research and commercialization. New business models under consideration include a royalty-based funding model, utilizing Yissum's holdings in spin-off companies through IPO, and establishing an incubator to jointly invest and manage multiple early-stage projects.
Successful Start-Ups: Successful Job Creators Tell Their Story
Loudon Owen
Managing Partner, McLean Watson Capital
MaRS Innovation Summit
October 28, 2010
Vicinity Jobs’ data includes more than three million 2023 OJPs and thousands of skills. Most skills appear in less than 0.02% of job postings, so most postings rely on a small subset of commonly used terms, like teamwork.
Laura Adkins-Hackett, Economist, LMIC, and Sukriti Trehan, Data Scientist, LMIC, presented their research exploring trends in the skills listed in OJPs to develop a deeper understanding of in-demand skills. This research project uses pointwise mutual information and other methods to extract more information about common skills from the relationships between skills, occupations and regions.
2. Elemental Economics - Mineral demand.pdfNeal Brewster
After this second you should be able to: Explain the main determinants of demand for any mineral product, and their relative importance; recognise and explain how demand for any product is likely to change with economic activity; recognise and explain the roles of technology and relative prices in influencing demand; be able to explain the differences between the rates of growth of demand for different products.
Economic Risk Factor Update: June 2024 [SlideShare]Commonwealth
May’s reports showed signs of continued economic growth, said Sam Millette, director, fixed income, in his latest Economic Risk Factor Update.
For more market updates, subscribe to The Independent Market Observer at https://blog.commonwealth.com/independent-market-observer.
BONKMILLON Unleashes Its Bonkers Potential on Solana.pdfcoingabbar
Introducing BONKMILLON - The Most Bonkers Meme Coin Yet
Let's be real for a second – the world of meme coins can feel like a bit of a circus at times. Every other day, there's a new token promising to take you "to the moon" or offering some groundbreaking utility that'll change the game forever. But how many of them actually deliver on that hype?
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
Independent Study - College of Wooster Research (2023-2024) FDI, Culture, Glo...AntoniaOwensDetwiler
"Does Foreign Direct Investment Negatively Affect Preservation of Culture in the Global South? Case Studies in Thailand and Cambodia."
Do elements of globalization, such as Foreign Direct Investment (FDI), negatively affect the ability of countries in the Global South to preserve their culture? This research aims to answer this question by employing a cross-sectional comparative case study analysis utilizing methods of difference. Thailand and Cambodia are compared as they are in the same region and have a similar culture. The metric of difference between Thailand and Cambodia is their ability to preserve their culture. This ability is operationalized by their respective attitudes towards FDI; Thailand imposes stringent regulations and limitations on FDI while Cambodia does not hesitate to accept most FDI and imposes fewer limitations. The evidence from this study suggests that FDI from globally influential countries with high gross domestic products (GDPs) (e.g. China, U.S.) challenges the ability of countries with lower GDPs (e.g. Cambodia) to protect their culture. Furthermore, the ability, or lack thereof, of the receiving countries to protect their culture is amplified by the existence and implementation of restrictive FDI policies imposed by their governments.
My study abroad in Bali, Indonesia, inspired this research topic as I noticed how globalization is changing the culture of its people. I learned their language and way of life which helped me understand the beauty and importance of cultural preservation. I believe we could all benefit from learning new perspectives as they could help us ideate solutions to contemporary issues and empathize with others.
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2. Proprietary and Confidential
Who is John Kunschner?
Senior Partner & Managing Director
Head of Investment Banking Practice
Focus on Growth Opportunities Across Information
Technology, Hardware, Media Technology Sectors
Geography – US, Canada, Europe & Israel
Prior Firm Experience:
Representative Clients:
4. Proprietary and Confidential
Canadian Funds Investing Less, Domestically & Abroad
4
Smaller scale increases risk from shift to emerging markets
China, India, Brazil
Innovation continued despite US Recession – but Canada
remains investment starved
5. Proprietary and Confidential
Israeli High-Tech Companies Raising Less
5
Poster Child for Nurturing Innovation… But not Immune
Improving activity in Q2 & Q3 of 2010
3092
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2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010
YTD
Capital Raised by Israeli High Tech Companies ($Mn)
Capital Raised
6. Proprietary and Confidential
Reality of Decreased Fundraising Across Industry
6
Fund Sizes Getting Smaller / Fewer Firms Raising Funds
VC Investments Outpacing Fundraising
Inevitable Industry Shrinkage in Process
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Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3
2008 2009 2010
Fundraising By Venture Funds (U.S.)
Number of Funds Venture Capital ($M)
7. Proprietary and Confidential
The VC/PE Community…Uncertainty & New Focus
7
Capital efficiency is critical
Priority on Portfolio “Triage”
Dialing back risk – Invest Early or Late Stage
Acceptance of a Smaller Industry, New Dynamics
Active Strategic Investors – Threat or Opportunity?
New Funding Networks – Super Angels, High Net
Worth, Incubators, Growth PE
8. Proprietary and Confidential
Innovation Continues, but at Expense of
“Let’s Focus on Strategics & High Net Worth”
Earlier Stage / Alternative IPO’s
“We Don’t Want to Go to VCs”
…And Entrepreneurs are Growing Impatient
8
TSX-V, TASE, AIM, etc. – Is it worth it?
VC world too “Clubby”
Terms unattractive
Deal Flow Power Shift?
Job creation
Rapid Expansion
Marketing
Is there Value Add?
9. Proprietary and Confidential
The “Funding Barbell” Dynamic
9
VC’s Managing Current
Portfolio
Family Offices – Lots of Capital
But Fragmented & Disorganized
Look to Strategics EarlierSeed and Early Stage
Incubators
HNW
Super Angels
Late Stage and
Growth Equity
PE moving down
VC moving up
Shorter time to exit
The Mid Stage Funding Gap
10. Proprietary and Confidential
How Has the VC Model Changed?
10
Invest in 10 deals
2 go to zero
2 get 10x
6 get your money back
3-5 years to IPO or M&A exit
Deploy capital and take share
across emerging trends and
value creation
“Big Horizon” deals are very rare
(1 in 300K is a Facebook)
Less $ to Start Companies
(Open Source, SaaS, Web 2.0, Cloud )
Shift from “building the
infrastructure” to “soft-tech” and
customer & delivery platforms
Smaller funds, smaller deals, greater
competition on “marquee deals”
Forcing rationalization and
consolidation
How it Was The New Reality
11. Proprietary and Confidential
The Path Forward
11
Tax Reform - “116” a step
forward
R&D incentives – Israel as
the model, but Canada on
the right track
Angels / Incubators
Ecosystem for
entrepreneurship
Proper incentives for
investment professionals
Collaboration with
professional funds
But how to reach them?
Who monitors the
investments, protects
shareholder interests,
ensures follow thru?
Need to organize channel
to source and manage
investments through the
mid-stage
Create proper
infrastructure / support
Capital efficiency and
M&A
Better returns with
smaller deal sizes and
shorter time frames
Infrastructure for the
small cap IPO
Aligning Bankers,
Public Investors,
Corporate & VCs/PE
Government Programs
Super Angels, HNW,
Strategics
Exit Dynamics
Change Thinking
12. Proprietary and Confidential
Recent Exits – Seeing Signs of Life
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*Includes all companies with at least 1 US VC investor that trade on US exchanges, regardless of domicile
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2008 2009 2010
Venture Backed Liquidity Events
Total M&A Deals Number of IPO's*
Improving activity in Social Networking, Media Delivery
Platforms, Enterprise 2.0, Clean Tech, Healthcare Services
A trend emerging… this is a great time to invest
15. Proprietary and Confidential
Industry Expertise / Focus
15
Networking / Datacenter
IT Application / Outsourcing
Info Security & Risk
Hardware, Semis & Optics
Alternative Energy / Cleantech
Business Operations IT
Media & Marketing
Legal & E-Discovery
Finance/Procurement IT
Supply Chain & Logistics
Medical Devices
Biotechnology
Specialty Pharma
Healthcare IT
IT Enabled Services
TECHNOLOGY HEALTHCARE BUSINESS SERVICES
16. Proprietary and Confidential
In the Middle of the Action or Why Do You Care?
16
VC / PE Investment
Community
Fortune 500/1000
Initiatives
Emerging Technology Companies
Drivers & Initiatives
Strategic Sourcing &
Expansion
Changing Tides
Investment Focus
Innovation & Technology
Market Traction
Focus on Linking US, Canada and Israel
17. Proprietary and Confidential
How Do We Help Growth Stage Companies?
17
Access to Fortune 500/1000 Customers:
Big ticket sales to senior level contacts
Strategic partnerships, Channel partners
Access to Capital:
Strategic investors
Traditional VC and PE
Alternative financing – High Net Worth, Hedge, Family Offices
Mergers and Acquisitions:
Strategic exits
Strategic buy-side – Innovative ideas for Growth
Redefining How Investment Banks
Serve and Interact with Their Clients
18. Proprietary and Confidential
How Do We Help Investors & Corporations?
18
Corporate & Technology “TAPs”
Idea sharing and competitive benchmarking
Trusted channel for innovation led purchasing
VC/PE Deal Flow
Non-mainstream deal flow – Israel, Canada, etc.
Frequent networking forums
Portfolio support
Growth Focused Buy-side
Provide channel into new geographies; new segments; growing
niches
19. Proprietary and Confidential
Key Takeaways
19
We embrace emerging growth companies & segments and
want to help…. and find creative ways to do so
Cradle to grave approach – adding value over the continuum
Special focus on linkage of US, Canada & Israel for innovation
and growth
Good afternoon everyone. I’m really exciting to be here in the midst of some great minds, talent and leadership across the technology, investment, entrepreneurial, government and educational landscape.
I do want to thank Senator Jerry Grafstein for inviting Landmark to participate in this event as well as the staff at MaRs Innovation for all of their help.
It’s a real honor to be asked to share my views on the state of the Venture Capital industry and how we at Landmark are doing our part to help drive growth and value creation for entrepreneurial companies within this changing and challenging environment.
As some background, I am a Senior Partner and Managing Director and lead the Investment Banking Practice at Landmark Ventures. Landmark is a growth focused venture development and investment banking firm within the Technology, Life Sciences and Media sectors
I am based in NY, with offices in CA and Tel Aviv, Israel
I previously was with Jefferies, Broadview and Robertson Stephens, and have been continually focused on growth & technology oriented investment banking and capital raising for the past 15 years.
So where are we as an industry? [Show pictures]
I’d like to see a show of hands to get a sense….How many of you in the audience have made an investment in the past 6 months or are planning to make an investment in the next 6 months? – OK please collect business cards from all of these people
No doubt there is uncertainty, which is even greater within the Canadian market.
Lets dig a bit deeper and look at some of the data that many of you are already very familiar with.
As we all know, Canada investment is down. 2009 was the lowest level of investment in a decade.
Both Domestic and International investment by Canadian VCs has been steadily decreasing, and despite some pockets of optimism and activity in seed and early stage incubators and new funds in 2010, the situation persists.
The scale of the Canadian market makes this trend particularly concerning, especially in the wake of increasing fund creation and deployment into emerging markets such as China, India and Brazil. VC & PE markets require critical mass to operate efficiently and Canada is still in many ways struggling to get there.
From a risk aversion perspective, Canada did miss most of the major issues of the US bank and mortgage led recession. The Canadian engineering and innovation engine has continued….but the market is investment starved and frustrated
Israel, a close partner to this event and in driving joint innovation going forward, is itself also finding the funding environment challenging.
With its 70+/- active VCs (of which about 15 are Int’l VCs with Israel offices), Israel has been a key driver of high-tech innovation, but the drop in 2009 by almost 50% is a bit alarming.
Leading that decline were semiconductor and communications companies, which is a trend I’ll touch on later as well.
While investing activity has picked up in Q2 & Q3, we have seen more and more mid-stage companies in Israel looking towards strategics and possible exits, given the challenges with continued fundraising.
As we all know. Many firms are in the midst of the fund raising process.
There are plenty of successes -- Crosslink, IVP, Venrock, Kleiner Perkins, Third Rock, RedPoint, VantagePoint…but there is certainly a trend that fund sizes are shrinking, with many more $250-350M funds, and a decreasing # of funds in the industry.
Many people see this as a positive step to drive healthier deal activity & behavior, less “follower” activity that can create valuation and hype issues, more efficient pricing and ultimately better returns for the VC industry, which frankly has significantly underperformed over the past decade.
But if this is the case, the result is still a more difficult funding environment for companies and entrepreneurs, and a negative impact to growth and job creation – assuming there are not other sources and programs for capital
So how are VCs handling this environment….?
Get cash flow positive ASAP
No interest to take on new challenges, when there are plenty at home already
This is not a good time to be doing your Series B round
Smaller is not necessarily worse, but different, and investment models must be adapted
Strategics are active and sense a value opportunity to drive innovation and product extensions
Former VCs becoming Super Angels, HNW getting more proactive and organized for roll-ups and coordinated deals, incubators a hot trend to share resources and promote lower cost, more efficient early development of companies, and growth PE still working to solidify its identity (some going bigger, some going smaller, some looking to special situations)
Entrepreneurs are by definition innovators, so like with any other challenge, they are facing the market head on and with some new views on how to proceed
It is a much better environment to be early stage and able to access HNW & angel sources, or later stage, profitable and nearing an exit
The major gap exists for companies within the Series B to Series C range, small revenues, a few good customers and a need for capital to ramp into high volumes and profitability.
Current investors are tapped out or prioritizing their investments, or need the “reassurance” of an outside investor.
Strategics have become a popular avenue for dialogues, as many have reduced R&D budgets through the recession and see strategic investments as a natural extension and a way to quickly ramp new initiatives, while benefiting from the attractive pricing environment for private companies facing limited options.
Many programs are being initiated for incubators and early stage, but in a lot of ways, what is most problematic is this mid-stage funding vacuum, and often a driver of earlier M&A exits, forced consolidation and company shut downs – Scale Ventures, Edison Ventures are examples
Back in the good old days when VC was fun, the model was more simple.…
Now the situation is quite different……
Sectors are changing much more quickly (think of the # of iPod Apps companies that have been launched), business models need to be adapted faster, M&A is dictating investment behavior vs. IPOs
Infrastructure deals (semis, hardware, systems, storage) are losing favor to consumer platforms, social gaming, virtualization management / cloud, internet/mobile monetization plays
In such an environment, it is now harder for VCs to get enough share in the upside across emerging trends
So where should we focus our efforts to drive progress?
Tax reform was a very positive move and based on discussions with US VCs, does make a difference on how they view Canadian deals
R&D subsidies, grants, tax credits are a very useful tool, and a promoter of company formation in Canada. The complaints I have heard relate more to timing than anything else. It is hard to be an aggressive entrepreneur relying on the pace of government reimbursements
Early stage activity is key and programs are rolling out, so the key is consistency and focus
Remove bureaucracy & impediments to GET DEALS DONE
What else:
Promote VC/PE as an increased percentage of class of assets Pensions, Institutions, Corporate,
Government sponsored Fund-of-Funds
Retail Venture Capital, Super Angels & HNW – organize this channel – lots of talent – former CEOs, former VCs all who know how to build companies, but need proper infrastructure to manage their investments appropriately.
Strategics – they are coming back as a source of capital, as many are sitting on lots of cash, have pulled back on R&D and want to pursue M&A or investments. Our model needs to support this.
Small Cap IPO – This is not the “IPO instead of VC” model that we saw in the early 2000s, that was certainly unhealthy. This is creating an infrastructure for returns and liquidity outside of the largest banks, where most VC backed deals are not as well suited, do not get the right following or support and either get pulled or end up as orphan public cos. We can do more as bankers, investors, companies to promote this effort.
Recent exits of note:
PMC Sierra / Wintegra - $240M – access processors
Walt Disney / Playdom - $560M – social gaming
Google / Slide - $230M – Social apps developer
Cisco / ExtendMedia - $80M (4-5X revs) – IP content mgmt, distribution and monetization
DeNA / ngmoco - $300M +$100M earnout (10-13x revs, $41M funding) – Social gaming
Amazon / BuyVIP - $95M (0.7x revs, $30M funding) – Europe online shopping & lifestyle
Transaction Network Services / Cequint - $110M ($9M funding) – caller ID services for mobile subscribers
VMWare / Integrien - $100M (20x revenues, $31M funding) – real time performance analytics
So how does Landmark fit?
We blend a combination of resources to 1) help companies grow and add large customers (Advisory) and 2) access capital, strategic partners and drive shareholder value creation (Banking)
The 3rd element is to blend capital investment into this model, where we bring all of our resources to bear for a set of growth focused portfolio companies.
Our vertical focus and structure of our teams includes Technology, Healthcare and Media / Business Services