Know how venture capitalists value your deal....understand how they are compensated...see what creates value and how investors assess your "risk factors."
A great slide show presentation that provides solid answers to many of these essential questions Check out mikeklein2010.wordpress.com
Know how venture capitalists value your deal....understand how they are compensated...see what creates value and how investors assess your "risk factors."
A great slide show presentation that provides solid answers to many of these essential questions Check out mikeklein2010.wordpress.com
Decision Analysis in Venture Capital workshop for Stanford Angels and Entrepr...Ulu Ventures
This is a workshop given for Stanford Angels and Entrepreneurs India on Jul 10, 2018 at Nexus Venture Partners, Bangalore. The video for this talk is at: https://vimeo.com/279467353
Slash - the Startup Studio Playbook (13 dec2018)Slash
New models for collaboration emerge between corporates, startups and investors.
In his keynote at the Asia Startup Summit, Slash CEO Andries De Vos shares how Slash (www.slash.co) has developed a startup studio model which can be applicable to corporates, investors and entrepreneurs.
This presentation will introduce you to the fundamentals of raising capital for venture builders, startup studios. Compared to raising capital for a single startup, the fundraising process is more challenging. Because you are raising money for an organization that will be active participant in building up an entire batch or batches of startups. So you have to show to your investors that you have:
+ A studio leadership team with the power to build an entire portfolio of ventures;
+ The right financial-organizational structure that matches the goals;
+ A coherent vision and venture building thesis;
+ Viability of your approach supported by benchmarks;
+ Strong portfolio of startups and ideas in your pipeline.
This presentation will help you understand the basics of how to build up your fundraising approach.
If you need more help, reach out and I will guide you in:
+ Structuring your venture builder and fundraising strategy;
+ Assess your current material and identify gaps and risks;
+ Preparing for a successful investor meeting;
Attila Szigeti
https://www.attilaszigeti.com/
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
"Start Up India... Stand Up India" is an government initiative - announced by GOI on 16th Jan 2016. For inspiring youth for the entrepreneurship & start ups.
Corporate Venture Capital best practices from interviews and researchMark S. Brooks
Summary research from interviews with 13 CVCs to identify best practices in creating a corporate venture capital (CVC) unit or a corporate accelerator.
Key takeaways include having clear objectives, clear processes and structure, easy to measure metrics, having patience and board or executive support, and making contributions to select startups that go well beyond capital.
I hope you find it useful. Feel free to distribute further to others who might find value in it.
You can reach me at https://www.linkedin.com/in/markbrooks
Delivering Outstanding VC Results with DAUlu Ventures
Slides of guest lecture by Dr. Clint Korver, Partner, Ulu Ventures, at Stanford University's class Professional Decision Analysis (MS&E 352) on Feb 27, 2018
At the Notation annual LP meeting this past fall, we gave a short talk on how we think about pre-seed investing & risk, and why we think there's a particularly interesting risk versus reward tradeoff at this stage.
Deal sourcing is the first step towards an investment process in Venture Capital. Pratim Pathak from pi Ventures walks through the learnings developed on how to source effectively and strategically as a part of the pi fellows program.
Guest lecture corporate venture capital (herman kienhuis)Herman Kienhuis
Guest Lecture about Corporate Venture Capital by Herman Kienhuis for Corporate Venturing course, MSc Business Administration, Amsterdam Business School (University of Amsterdam - UvA)
This talk explains the broad framework for deal evaluation. It was anchored by Roopan Aulakh for the pi fellows programme. Most of the talk was an actual case study which is not part of this presentation for confidentiality reasons.
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.
These are the things I learned about Angel Investing. If you're thinking about investing in startups, either directly or via services like AngelList, my hope is that these tips can help you avoid some common mistakes.
Decision Analysis in Venture Capital workshop for Stanford Angels and Entrepr...Ulu Ventures
This is a workshop given for Stanford Angels and Entrepreneurs India on Jul 10, 2018 at Nexus Venture Partners, Bangalore. The video for this talk is at: https://vimeo.com/279467353
Slash - the Startup Studio Playbook (13 dec2018)Slash
New models for collaboration emerge between corporates, startups and investors.
In his keynote at the Asia Startup Summit, Slash CEO Andries De Vos shares how Slash (www.slash.co) has developed a startup studio model which can be applicable to corporates, investors and entrepreneurs.
This presentation will introduce you to the fundamentals of raising capital for venture builders, startup studios. Compared to raising capital for a single startup, the fundraising process is more challenging. Because you are raising money for an organization that will be active participant in building up an entire batch or batches of startups. So you have to show to your investors that you have:
+ A studio leadership team with the power to build an entire portfolio of ventures;
+ The right financial-organizational structure that matches the goals;
+ A coherent vision and venture building thesis;
+ Viability of your approach supported by benchmarks;
+ Strong portfolio of startups and ideas in your pipeline.
This presentation will help you understand the basics of how to build up your fundraising approach.
If you need more help, reach out and I will guide you in:
+ Structuring your venture builder and fundraising strategy;
+ Assess your current material and identify gaps and risks;
+ Preparing for a successful investor meeting;
Attila Szigeti
https://www.attilaszigeti.com/
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
"Start Up India... Stand Up India" is an government initiative - announced by GOI on 16th Jan 2016. For inspiring youth for the entrepreneurship & start ups.
Corporate Venture Capital best practices from interviews and researchMark S. Brooks
Summary research from interviews with 13 CVCs to identify best practices in creating a corporate venture capital (CVC) unit or a corporate accelerator.
Key takeaways include having clear objectives, clear processes and structure, easy to measure metrics, having patience and board or executive support, and making contributions to select startups that go well beyond capital.
I hope you find it useful. Feel free to distribute further to others who might find value in it.
You can reach me at https://www.linkedin.com/in/markbrooks
Delivering Outstanding VC Results with DAUlu Ventures
Slides of guest lecture by Dr. Clint Korver, Partner, Ulu Ventures, at Stanford University's class Professional Decision Analysis (MS&E 352) on Feb 27, 2018
At the Notation annual LP meeting this past fall, we gave a short talk on how we think about pre-seed investing & risk, and why we think there's a particularly interesting risk versus reward tradeoff at this stage.
Deal sourcing is the first step towards an investment process in Venture Capital. Pratim Pathak from pi Ventures walks through the learnings developed on how to source effectively and strategically as a part of the pi fellows program.
Guest lecture corporate venture capital (herman kienhuis)Herman Kienhuis
Guest Lecture about Corporate Venture Capital by Herman Kienhuis for Corporate Venturing course, MSc Business Administration, Amsterdam Business School (University of Amsterdam - UvA)
This talk explains the broad framework for deal evaluation. It was anchored by Roopan Aulakh for the pi fellows programme. Most of the talk was an actual case study which is not part of this presentation for confidentiality reasons.
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.
These are the things I learned about Angel Investing. If you're thinking about investing in startups, either directly or via services like AngelList, my hope is that these tips can help you avoid some common mistakes.
Have a great idea, but not sure how to get funding to turn it into a business? This presentation highlights the many ways to find funding and focuses on the pros & cons of using venture capital to launch.
Craig Blair is a co-founder and partner at AirTree Ventures which invests in world-class Australian entrepreneurs building the iconic companies of tomorrow. With over 15 years experience running 2 of Australia’s most successful tech investment funds with partner Daniel Petre and backing businesses such as eBay, Beamly and Ninemsn, Craig is keen to share his insights on how to get a VC's attention. This presentation includes:
- The Start Up journey - what you can expect
- The key steps to approaching a VC
- What to do (and what not to do) when pitching to your business
- How to avoid the pre/post money traps
- How to choose your funding partner (remember VCs and investors are an employee you can't fire!)
Understand the VC math and valuation from the investors perspective. What is fair deal and a super deal for the investee and the investor shares Madhukar Sinha, India Quotient
a presentation I made at Jacksonville State University's "The Alabama Conference for Inventors"... some content blatantly lifted from other great presentations
Ritesh Banglani takes us through some of the hard decisions a VC has to make on a day to day basis. This session was done for the pi fellows 2020 programme
Session 8 of the pi fellows programme covers various aspects of evaluating products from a venture investment perspective. Session was conducted by Shamik Sharma, Venture Partner @ pi Ventures and GM @ Cult Gear
Session 9: This session was done as part of pi fellows programme by Manish Singhal to put some structure to the art of evaluating tech in deep tech startups
Some thoughts on how to view your business in the market place and thereby evolve your strategy of handling potential risks and creating appropriate marketing pitch.
Salma Karina Hayat is Conscious Digital Transformation Leader at Kudos | Empowering SMEs via CRM & Digital Automation | Award-Winning Entrepreneur & Philanthropist | Education & Homelessness Advocate
Explore Sarasota Collection's exquisite and long-lasting dining table sets and chairs in Sarasota. Elevate your dining experience with our high-quality collection!
What You're Going to Learn
- How These 4 Leaks Force You To Work Longer And Harder in order to grow your income… improve just one of these and the impact could be life changing.
- How to SHUT DOWN the revolving door of Income Stagnation… you know, where new sales come into your magazine while at the same time existing sponsors exit.
- How to transform your magazine business by fixing the 4 “DON’Ts”...
#1 LEADS Don’t Book
#2 PROSPECTS Don’t Show
#3 PROSPECTS Don’t Buy
#4 CLIENTS Don’t Stay
- How to identify which leak to fix first so you get the biggest bang for your income.
- Get actionable strategies you can use right away to improve your bookings, sales and retention.
How to Build a Diversified Investment Portfolio.pdfTrims Creators
Building a diversified investment portfolio is a fundamental strategy to manage risk and optimize returns. For both novice and experienced investors, diversification offers a pathway to a more stable and resilient financial future. Here’s an in-depth guide on how to create and maintain a well-diversified investment portfolio.
Best Crypto Marketing Ideas to Lead Your Project to SuccessIntelisync
In this comprehensive slideshow presentation, we delve into the intricacies of crypto marketing, offering invaluable insights and strategies to propel your project to success in the dynamic cryptocurrency landscape. From understanding market trends to building a robust brand identity, engaging with influencers, and analyzing performance metrics, we cover all aspects essential for effective marketing in the crypto space.
Also Intelisync, our cutting-edge service designed to streamline and optimize your marketing efforts, leveraging data-driven insights and innovative strategies to drive growth and visibility for your project.
With a data-driven approach, transparent communication, and a commitment to excellence, InteliSync is your trusted partner for driving meaningful impact in the fast-paced world of Web3. Contact us today to learn more and embark on a journey to crypto marketing mastery!
Ready to elevate your Web3 project to new heights? Contact InteliSync now and unleash the full potential of your crypto venture!
Textile Chemical Brochure - Tradeasia (1).pdfjeffmilton96
Explore Tradeasia’s brochure for eco-friendly textile chemicals. Enhance your textile production with high-quality, sustainable solutions for superior fabric quality.
When listening about building new Ventures, Marketplaces ideas are something very frequent. On this session we will discuss reasons why you should stay away from it :P , by sharing real stories and misconceptions around them. If you still insist to go for it however, you will at least get an idea of the important and critical strategies to optimize for success like Product, Business Development & Marketing, Operations :)
Reflect Festival Limassol May 2024.
Michael Economou is an Entrepreneur, with Business & Technology foundations and a passion for Innovation. He is working with his team to launch a new venture – Exyde, an AI powered booking platform for Activities & Experiences, aspiring to revolutionize the way we travel and experience the world. Michael has extensive entrepreneurial experience as the co-founder of Ideas2life, AtYourService as well as Foody, an online delivery platform and one of the most prominent ventures in Cyprus’ digital landscape, acquired by Delivery Hero group in 2019. This journey & experience marks a vast expertise in building and scaling marketplaces, enhancing everyday life through technology and making meaningful impact on local communities, which is what Michael and his team are pursuing doing once more with Exyde www.goExyde.com
2. § A word of caution
§ The role of a VC
§ India vs the West
§ Skills required to be a VC
§ Life in the day of a VC
We’ll talk about
3. A Career in VC
A word of caution
Over a 10 year period…
2-3x
>3x
1-2x
<1x
Over-performs the
market
Underperforms the
market
% of VC Funds
5%
10%
35%
50%
98%
5%
2%
95%
Other VC funds Top 20 VC funds
% of VC Funds % of Return
Survivorship bias, selection bias and skew
U.S is a saturated market; Potential for new funds in India
3
4. To the LP | To the fund | To the portfolio
The Role of a VC
5. A Career in VC
The role of a VC – to the LPs
5
Exit 1
Exit 2
Exit 3
Exit 4
Exit 5
Exit 1
Exit 2
Other
Exits
Equity,
Fixed Income etc.
VC
VC Capital allocation 5-10%
Expected return from VC = 3-4x
Typical route
Pareto
LP Portfolio
6. A Career in VC
The role of a VC – to the fund
6
1. Find great founders and teams that will scale with the company (early stage)
Find great fast-growing businesses (later-stage)
2. Predict market trends – understand where the world is (probably) headed
3. Build your own team – funds have small teams, challenging to build
4. Fundraise from LPs – becomes a larger part of the job with seniority
7. A Career in VC
The role of a VC – to portfolio companies
7
1. Provide a strong network that can be leveraged by the portfolio companies across Strategy, Hiring, Mentoring,
Product & Marketing
2. Be a good board member – this is different from being a good investor
3. Follow-on fundraises – help companies get more capital and eventually plan an exit
4. Guide the founder along her journey – entrepreneurship can be a lonely path
8. Not currently. May converge in the future.
Are VC roles the same in India and the West?
9. A Career in VC
India vs. the West
9
India is unique – Entrepreneurs need to do a lot more things
+ + =E-commerce Payments Logistics
Infrastructure is weak; no predictability of service
+ =Content Delivery
9
10. A Career in VC
India vs. the West
10
VC Ecosystem in India is still very early (but growing)
India-focused VC dry power by global and domestic funds
$B
U.S is
~$150B
Total # of funded start-ups in India
U.S is
~100k
000’s
Accel - US Fund 1 and India Fund 2 were both $65M – 1985 and 2008
~2% of funds have India focus; <1% have an India office, even fewer are India-based
11. A Career in VC
India vs. the West
11
Only a handful of exits till now; secondaries and acquisitions are the norm
Equity Markets
U.S. has ~200 IPOs every
year
India in 2018
Maturity of exits will bring in a lot more interest
12. A Career in VC
India vs the West
12
• Rounds are smaller, valuations are lower
$10M Seed is commonplace in the US, reserved for rare occasions and serial entrepreneurs in India
• Capital isn’t as freely available as in the West, raising is harder
$500K seed in US will close on a paper-plan on a good day, much harder in India
• Typical VCs in the West -
Ivy League MBA, Investment Banking background, recently seeing entrepreneur VCs
65% of Midas List have MBAs
• Typical VCs in India -
Ex-entrepreneur or part of company leadership, MBA agnostic, recently seeing finance VCs
• In the US, money was king. That’s not enough in India.
Pendulum swung too much in the US in favour of capital; YC and similar initiatives are pulling it back
India requires an entrepreneurial spirit
14. A Career in VC
Skills required to be a VC
14
1. People reading skills
Ability to pick the right founder, recognize patterns of success in individuals and teams
Need to select founders that scale with the company
2. Understanding market trends and technology
Specific - What is hot right now? Can it be big? Is it the right time?
Generic - Where is the world headed? What problems need to be solved? (Domain expertise helps)
3. High Speed of Unlearning
What you knew yesterday may no longer be true
Need constant self assessment and re-evaluation
15. A Career in VC
Skills required to be a VC
15
4. Pattern recognition
What can you see that others cannot? Shadow senior partners, experience through cycles counts for a lot
5. Empathy for entrepreneurs
You are not in control; parent-ego state (looking down) will not help
What is not empathy? – Saying YES to everything, spoon-feeding, micro-managing
6. Connector style
Who in your network can solve this problem or move it?
Any gaps you can fill by hiring from your network?
7. Sourcing dealflow
Build a strong and diverse network over time; founders will come back for their next company
Sourcing has to proprietary at steady state – no use in having the same shopping list as everyone else
Good founders do their research and pick their VCs, not the other way around
16. A Career in VC
Skills required to be a VC
16
8. Board member skills
You can only direct and nudge; let the entrepreneur solve the problem
This is very different from being a good investor
9. Intellectual & emotional honesty
To both the portfolio and the fund
10. Finance knowledge
Common-sense framework is important both to enter the deal and after
11. Fundraising skills
Pitching and raising funds from the LPs; Skill becomes more important with seniority
17. A Career in VC
Skills required to be a VC
17
Finally,
Risk taking & Risk Appetite
You need to look things through various lens -
Need to constantly assess risk vs. reward; Risk-taking and crystal-ball gazing must be calculated
Market
Size
Growth
Timing
Competition
Distribution
Macro factors
Business
Users
PM Fit
Economics
Defensibility
Network effects
Investments
"7 year test"
Team
Knowledge
Track record
Dynamics
Aspirations
Can they scale?
18. A Career in VC
Skills required to be a (deep-tech) VC
18
What to do?
Be passionate about tech!
What not to do?
• Fall in love with the tech
Important to see how tech will lead to 10x differentiated businesses
• Keep the blinders on
Look around and be aware of state of the art and competition
• Be an expert
Talk to experts, understand the core, validate the hypothesis and the tech
• Rely on experts
Incumbents often give negative feedback. Use their expertise to get your hypothesis well-rounded
19. Should I become a VC?
Depends on your motivation. VC jobs are not a stint.
20. A Career in VC
Life in the day of a VC
20
- Fund raising (from the LPs)
- Build solid team (own)
- Build strong pipeline
- Selection process
- Helping the companies and founders
- Planning exits
Few days are no wins – lose deal to a competitor, day full of uneventful meetings, stuck in diligence
Most days are small wins – solving a problem with a portfolio company, introducing a new sourcing method, learning
something new, meet good companies (and mostly passing), get closer to an answer;
These work up to big wins – Company makes a new investment, portfolio company raises a new round
Self Motivation is key! Lifetime VC - do most of these and enjoy it!