Changes in Venture Capital & Building 500 Startups (Sao Paulo, Sept 2013)Dave McClure
slides from my talk at Brazil Innovators startup conference in Sao Paulo (Sept 2013) on changes in the venture capital industry, and how we built 500 Startups.
The Lean VC: a Silicon Valley 2.0 StoryDave McClure
Slides from my talk about changes happening in the venture capital & angel investing industry, from the GROW Conference, Vancouver, Canada (August 2010).
Changes in Venture Capital & Building 500 Startups (Sao Paulo, Sept 2013)Dave McClure
slides from my talk at Brazil Innovators startup conference in Sao Paulo (Sept 2013) on changes in the venture capital industry, and how we built 500 Startups.
The Lean VC: a Silicon Valley 2.0 StoryDave McClure
Slides from my talk about changes happening in the venture capital & angel investing industry, from the GROW Conference, Vancouver, Canada (August 2010).
Impact investing involves “investors seeking to generate both financial return and social and/or environmental value—while at a minimum returning capital, and, in many cases, offering market rate returns or better.” The Rockefeller Foundation’s Impact Investing Initiative has sought to address the “lack of intermediation capacity and leadership to generate collective action” that was constraining the small but rapidly growing impact investing industry.
Carried out in 2011, the evaluation of the Initiative aimed to evaluate the relevance, rationale, effectiveness, influence and sustainability of the Initiative through document review, portfolio analysis, interviews with more than 90 impact investing leaders based in 11 countries, participant observation at industry events, and organizational assessment. The external evaluation team also conducted a scan of the impact investing industry’s evolution over the past four years (summarized in a companion report).
Given the rapidly changing and emergent nature of the impact investing field, the Evaluators were asked to frame their findings for the Initiative in the context of findings for the field as a whole, to help guide the recommendations for the Foundation and for leaders in the field more broadly.
Cybersecurity in the Cognitive Era: Priming Your Digital Immune SystemIBM Security
What could cybersecurity look like in the cognitive era? Organizations are facing a number of well-known security challenges and these challenges are leading to gaps in intelligence, speed, and accuracy when it comes to threats and incidents. The gaps can’t be addressed by simply scaling up legacy processes and infrastructure – new approaches are needed, and cognitive security solutions may help address these gaps. IBM conducted a survey of over 700 security professionals leaders and practitioners from 35 countries, representing 18 industries to get a sense for what challenges they are facing, how they are being addressed, and how they view cognitive security solutions as a potential powerful new tool.
Join us as Diana Kelley, Executive Security Advisor in IBM Security, and David Jarvis, Functional Research Lead for CIO and Cybersecurity in the IBM Institute for Business Value, discuss findings from the 2016 Cybersecurity Study “Cybersecurity in the Cognitive Era: Priming Your Digital Immune System” This webinar will cover an overview of the study findings, including:
Security challenges, shortcomings and what security leaders are doing about them
Views on cognitive security solutions – how they might help, readiness to implement and what might be holding them back
What those that are ready to implement cognitive enabled security today are thinking and doing
Slides from Matt Dowle's presentation at H2O Open Tour: NYC
- Powered by the open source machine learning software H2O.ai. Contributors welcome at: https://github.com/h2oai
- To view videos on H2O open source machine learning software, go to: https://www.youtube.com/user/0xdata
Website Heal Thyself: Creating a Patient-Friendly Web ExperienceJeffrey Stevens
A quick review of the custom taxonomy that powers UFandShands.org and the results of the site launch, leading to a 700% increase in patient appointment requests. Presented during the Case Studies session and the Healthcare Experience Design conference in Boston, March 2013.
5-day reading plan focused on God's Purpose for you!
Day 1: God Has an Eternal Purpose for Everything
Day 2: God’s Purposes Are Pure
Day 3: God’s Purpose for You Is Active
Day 4: Yield to God’s Purposes
Day 5: God’s Purpose Requires Response
EMC World 2016 - code.12 Managing a Large Open Source community at EMC and Do...{code}
Buiding an Open Source community at EMC that collaborates with people outside normal organization borders is critical to our success in the new world of platforms, containers and DevOps-related skills. By working with our community we are driving more interesting solutions to market, for free, to the larger population of forward-thinking IT organizations. When creating, maintaining and collaborating with a community, success needs to be measured to show value back to your organization. Learn about our experiences in building and running a vibrant online community focused on Open Source and DevOps.
Ready to build culture from the ground up? DH hosted a lunch-and-learn session on how culture can impact the success of your growing organization.
Together, we discussed the burning culture questions that keep you up at night such as:
• How to create and maintain a productive company culture as you scale
• How to resolve problematic areas that do not embody desired culture
• How to hire for and measure performance based on culture
In attendance were founders looking to develop a strong company culture from the start and leaders in Employee Experience, HR, Talent Management, Learning and Development, and People Operations.
To bring our coaches to your organization for a workshop, email us: culture@deliveringhappiness.com
Learn more: http://deliveringhappiness.com/services/
Slides from my talk "Unicorns and Other Wild Things" at the IA Summit 2013 in Baltimore, MD.
Audio and transcripts: http://library.iasummit.org/podcasts/unicorns-and-other-wild-things/
http://lanyrd.com/2013/iasummit/sccqpm/
The August Economist Ipsos MORI issues index shows that half (50%) the public mention immigration as among the most important issues facing Britain. For a third (32%) it is the single most important issue facing the country. This measurment of 50% is an increase of 8 percentage points since July, and this represents the highest level of concern we have ever recorded about immigration – surpassing the 46% recorded in December 2007, as the migrant camps in Calais continue to dominate sections of the media. It is also the highest score we have recorded for any issue in over two years, since 51% mentioned the economy in July 2013.
How to VC: Creating a VC fund portfolio modelDave McClure
This article aims to help VCs figure out how to size a venture capital fund, how many companies to include in your portfolio, and when and how to do follow-on investments. Most VCs aim to make a 3X (net) return on initial fund capital, at a ~20% net IRR. Note however, likely less than 10% of most VC funds achieve that goal.
Basic concepts of marketing and branding for venture capital. Emphasis on competitive differentiation (aka "How are you different/better than other VCs in your category?"). Specific focus on defining areas of "value add" that aren't BS.
How to define and position your VC brand to attract funding and dealflow.
* note: more recent updated version below:
https://www.slideshare.net/dmc500hats/branding-strategies-for-better-dealflow-and-fundraising-aka-the-helpful-vc
Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...Dave McClure
my talk on corporate innovation (or the lack thereof), the death of many dinosaurs, the survival of a smart few Raptors, and how to avoid getting trampled by Unicorns.
1.Wireless Communication System_Wireless communication is a broad term that i...JeyaPerumal1
Wireless communication involves the transmission of information over a distance without the help of wires, cables or any other forms of electrical conductors.
Wireless communication is a broad term that incorporates all procedures and forms of connecting and communicating between two or more devices using a wireless signal through wireless communication technologies and devices.
Features of Wireless Communication
The evolution of wireless technology has brought many advancements with its effective features.
The transmitted distance can be anywhere between a few meters (for example, a television's remote control) and thousands of kilometers (for example, radio communication).
Wireless communication can be used for cellular telephony, wireless access to the internet, wireless home networking, and so on.
Multi-cluster Kubernetes Networking- Patterns, Projects and GuidelinesSanjeev Rampal
Talk presented at Kubernetes Community Day, New York, May 2024.
Technical summary of Multi-Cluster Kubernetes Networking architectures with focus on 4 key topics.
1) Key patterns for Multi-cluster architectures
2) Architectural comparison of several OSS/ CNCF projects to address these patterns
3) Evolution trends for the APIs of these projects
4) Some design recommendations & guidelines for adopting/ deploying these solutions.
ER(Entity Relationship) Diagram for online shopping - TAEHimani415946
https://bit.ly/3KACoyV
The ER diagram for the project is the foundation for the building of the database of the project. The properties, datatypes, and attributes are defined by the ER diagram.
This 7-second Brain Wave Ritual Attracts Money To You.!nirahealhty
Discover the power of a simple 7-second brain wave ritual that can attract wealth and abundance into your life. By tapping into specific brain frequencies, this technique helps you manifest financial success effortlessly. Ready to transform your financial future? Try this powerful ritual and start attracting money today!
guildmasters guide to ravnica Dungeons & Dragons 5...
Building Startup Ecosystems (Bahrain, May 2013)
1. Changes in Venture Capital +
Building Startup Ecosystems
@DaveMcClure
Founding Partner
@500Startups http://500.co
#MENAsummit Bahrain - May 2014
2. This Talk…
• What is 500 Startups?
• Changes in Tech + VC
• “Lean VC” = Quantitative Venture Capital
• Building Startup Ecosystems
• Global Entrepreneurship
• Q & A
3. Dave McClure
Founding Partner & Chief Troublemaker, 500 Startups
00’s & 10’s:
• VC: Founders Fund, Facebook fbFund, 500 Startups
• Angel: Mashery, Mint.com, SlideShare, Twilio, Wildfire, SendGrid
• Marketing: PayPal, Simply Hired, Mint.com, O’Reilly
!
!
80’s & 90’s:
• Entrepreneur: Aslan Computing (acq’d by Servinet/Panurgy)
• Developer: Windows / SQL DB consultant (Intel, MSFT)
• Engineer: Johns Hopkins‘88, BS Eng / Applied Math
4. 500 Startups
Global Seed Fund & Startup Accelerator
• What is 500?
– $100M silicon valley VC fund + startup accelerator
– 30+ people / 10 investing partners
– Locations: SV, NYC, MEX, BRZ, IND, CHN, SE Asia
– 1500+ Founders / 200+ Mentors
– Community + Content + Conferences
!
• 750+ Portfolio Co’s / 40+ Countries
– Wildfire (acq GOOG, $350M)
– MakerBot (acq SSYS, $400M)
– Viki (acq Rakuten, $200M)
– Simple (acq BBVA, $117M)
– Twilio
– SendGrid
– Credit Karma
– Udemy
6. This Talk…
• What is 500 Startups?
• Changes in Tech + VC
• “Lean VC” = Quantitative Venture Capital
• Building Startup Ecosystems
• Global Entrepreneurship
• Q & A
7. Industry Changes
• Startup Efficiency, Reduced Capital Costs
• Growing Market, Distribution Platforms
• Financial Market Crises (2000, 2008)
• Lean Startups
!
• Micro VC: Seed Funds (ex: First Round Capital)
• Incubators & Accelerators (ex: Y Combinator, 500)
• Funding Platforms (ex: Angel List, Kickstarter)
• Growing Global Market of Angel Investors
!
more info: http://PreMoney.co (June 27th, San Francisco)
8. Changes in Tech Startups
• LESS Capital required to build product, get to market
– Dramatically reduced cost for servers, software, bandwidth
– Funding Platforms: KickStarter, Angel List, Funders Club, etc
– Access to online platforms for 100M-1B+ consumers, smallbiz, etc
!
• MORE Customers via ONLINE platforms (100M+ users)
– Search (Google)
– Social (Facebook, Twitter)
– Mobile (Apple, Android)
– Media (YouTube, Pinterest, Instagram, Tumblr)
– Comm (Email, WeChat/WhatsApp/Line/Kakao, Voice, SMS, etc)
!
• LOTS of little bets: Accelerators, Angels, Angel List, Small Exits
– Y Combinator, TechStars, 500 Startups
– Capital + Co-working + Mentoring -> Design, Data, Distribution
– “Fast, Cheap Fail”, network effects, quantitative + iterative investments
9. Before & After 2 Dot-Com Crashes
Daft Punk Startup: Simpler, Faster, Cheaper, Smarter
Before 2000
• Sun Servers
• Oracle DB
• Exodus Hosting
• 12-24mo dev cycle
• 6-18mo sales cycle
• <100M people online
• $1-2M seed round
• $3-5M Series A
• Sand Hill Road crawl
• Big, Fat, Dinosaur Startup
After 2008
• AWS, Google, PayPal, FB, TW
• Cloud + Open Source SW
• Lean Startup / Startup Wknd
• 3-90d dev cycle
• SaaS / online sales
• >3B people online
• <$100K incub + <$1M seed
• $1-3M Series A
• Angel List global visibility
• Lean, Little, Cockroach Startup
13. This Talk…
• What is 500 Startups?
• Changes in Tech + VC
• “Lean VC” = Quantitative Venture Capital
• Building Startup Ecosystems
• Global Entrepreneurship
• Q & A
14. Silicon Valley 2.0:
Lots of Little Bets
aka “MoneyBall for Startups”
• VC Evolution: Physician, Scale Thyself (Aug 2012)
• MoneyBall for Startups, 500 Startups Investment Thesis (Jul 2010)
16. The Lean VC:
Lots of Little Bets, Incremental Investment
Method: Make little bets in lots of startups using
incremental investment, iterative development.
Start with many small experiments, filter out failures,
and expand investment in successes.
!
• Incubator: $0-100K (“Build & Validate Product”)
• Seed: $100K-$1M (“Test & Grow Marketing Channels””)
• Venture: $1M-$10M (“Maximize Growth & Revenue”)
17. Investment Stage #1:
Product Validation + Customer Usage
• Structure
– 1-3 founders
– $25-$100K investment
– Incubator environment: multiple peers, mentors/advisors
!
• Test Functional Prototype / “Minimum Viable Product” (MVP):
– Prototype->Alpha, ~3-6 months
– Develop Minimal Critical Feature Set => Get to “It Works! Someone Uses It.”
– Improve Design & Usability, Setup Conversion Metrics
– Test Small-Scale Customer Adoption (10-1000 users)
!
• Demonstrate Concept, Reduce Product Risk, Test Functional Use
• Develop Metrics & Filter for Possible Future Investment
18. Investment Stage #2:
Market Validation + Revenue Testing
• Structure
– 2-10 person team
– $100K-$1M investment
– Syndicate of Angel Investors / Small VC Funds
!
• Improve Product, Expand Customers, Test Revenue:
– Alpha->Beta, ~6-12 months
– Scale Customer Adoption => “Many People Use It, & They Pay.”
– Test Marketing Campaigns, Customer Acquisition Channels + Cost
– Test Revenue Generation, Find Profitable Customer Segments
!
• Prove Solution/Benefit, Assess Market Size
• Test Channel Cost, Revenue Opportunity
• Determine Org Structure, Key Hires
19. Investment Stage #3:
Revenue Validation + Growth
• Structure
– 5-25 person team
– $1M-$10M investment
– Seed & Venture Investors
!
• Make Money (or Go Big), Get to Sustainability:
– Beta->Production, 12-24 months
– Revenue / Growth => “We Can Make (a lot of) Money!”
– Mktg Plan => Predictable Channels / Campaigns + Budget
– Scalability & Infrastructure, Customer Service & Operations
– Connect with Distribution Partners, Expand Growth
!
• Prove/Expand Market, Operationalize Business
• Future Milestones: Profitable/Sustainable, Exit Options
20. This Talk…
• What is 500 Startups?
• Changes in Tech + VC
• “Lean VC” = Quantitative Venture Capital
• Building Startup Ecosystems
• Global Entrepreneurship
• Q & A
24. Entrepreneur Education
• Business Plans
• Functional Prototypes
• Lean Startup
• Software Engineering / Design & UX
• Online Marketing / Unit Economics
• Monetization & Payments
• Customer Service + Support
• Fundraising & Pitch
24
25. Investor Education
• Startups are NOT Real Estate
• Most Startups Fail / Power Law Returns
• Portfolio Approach (10-20+ investments)
• Legal Structure, Financial Structure
• Syndication + Co-Investment
• Access to Downstream Capital
• Exits & Liquidity
25
26. This Talk…
• What is 500 Startups?
• Changes in Tech + VC
• “Lean VC” = Quantitative Venture Capital
• Building Startup Ecosystems
• Global Entrepreneurship
• Q & A
27. Local vs Global?
• Emerging / Developing Markets
• Global Languages: English, Chinese, Spanish, Arabic
• Critical Factors: Education, Mentorship, Capital
• Capital Availability: Incubation, Seed, Series A
• Positive Macro: SmartPhones, Tablets, Payments,
Logistics, Growing Middle Class, Distribution Platforms
• Wealthy Global Users, Shoppers, Travelers