8. 74
%
74
%
73
%
49
%
47
%
45
%
1st Round 2nd Round 3rd Round
2.8x 1.7x 1.3x
Partial Loss
Full Loss
average
money
multiple
source: Sand Hill Econometrics
Risk Doesn’t Decrease
9. the Valley of Death
PRE-SEED SEED GROWTHFUNDING GAP EARLY
source: Forbes
10. FOUNDATION MVP FIT VALIDATION GROWTHSTAGE
PRE-SEED SEED GROWTHINVESTMENT FUNDING GAP EARLY
VERY HIGH RISK HIGH RISK PRODUCT RISK MARKET RISK SCALE RISKRISK
VERY LOW LOW MEDIUM HIGH VERY HIGHDATA
Bridging the Valley of Death
75%
measured
Business Model
Market
Team
Industry
Stage
Geography
MCDA
RiskModel
25%
mitigated
12. alice.
Variable 2-5%
(risk adjusted)
On Closing
0%Management
Variable 10-20%
(risk adjusted)
Performance
HighInvestor Calibre
Relative
(facilitated smartness)
Smart Money
VCs
0%
20-30%
lifetime
20%
High
Relative
(depends on VC )
Disrupting Startup Investing
Syndicates
0%
0%
up to 20%
Medium
Relative
(depends on lead)
Crowd-
investing
7.5%
0%
0%
Low
No
Yes
Continuous Due
Diligence
No No No
Yes
Investment Tracking
& Data Insights
No No No
200k-1M
(per startup)
Target Size 1M+ 100k-500k 25k-250k
13. Upcoming Startup Indexs™
15 Countries, 193m Population,
$4tn GDP
5000+ Startups
30 Accelerators
€250-300m total VC investment
CEE.1
MENA.1
15 Countries, 295m Population,
$2.4tn GDP
2200+ Startups
30 Accelerators
$150-200m total VC investment