Overview & analysis of the market from Pre-Seed, to Seed, Later Stage Seed / Seed Extension, Series, A, B, C, D to the private IPO phenomenon - understanding trends - which are crowded, overpriced, underpriced and key risk points
Why investing now is more attractive than ever before
What industries, sectors, company stage and geographies are best for you
Convertible notes - key points and the meaning beyond the moving parts
Priced equity rounds - key points and the meaning beyond the moving parts
Valuation concepts on pricing valuations when investing, exiting and risk tied to perceived exit multiples
Portfolio construction strategies for angels and VCs - how to allocate your capital
Best practices for sourcing deal flow and conducting due diligence
Tactics to get into oversubscribed deals
Strategies for continuing to invest in portfolio companies a 2nd, 3rd, 4th, 5th time, etc
Best practices for post investment information rights, governance, adding value and Different options to invest ranging from Angel List, to other investor platforms, angel groups, demo days, accelerators, VC funds, SPVs, tax breaks for UK, EU and Israeli taxy payers
Different options to get liquidity on the secondary market before definitive liquidity event for startup / how to sell some stock before the final exit
Presentation at the Vaughan, Ontario, Canada Business Series with Panelists: Jim Turner, VP of Ontario Securities Commission, Christopher Charlesworth and Hivewire, Adam Spence, SVX
The Changing Relationship Between Investors and Investments OurCrowd
Take this opportunity to meet OurCrowd’s new president, Anthony DeChellis, who brings to the discussion his extensive experience in the private banking and institutional finance world. Anthony previously served as CEO of Private Banking Americas at Credit Suisse, headed Private Wealth Management at UBS, and held a range of leadership positions at Merrill Lynch, including Manager of the European Private Banking Business.
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
Overview & analysis of the market from Pre-Seed, to Seed, Later Stage Seed / Seed Extension, Series, A, B, C, D to the private IPO phenomenon - understanding trends - which are crowded, overpriced, underpriced and key risk points
Why investing now is more attractive than ever before
What industries, sectors, company stage and geographies are best for you
Convertible notes - key points and the meaning beyond the moving parts
Priced equity rounds - key points and the meaning beyond the moving parts
Valuation concepts on pricing valuations when investing, exiting and risk tied to perceived exit multiples
Portfolio construction strategies for angels and VCs - how to allocate your capital
Best practices for sourcing deal flow and conducting due diligence
Tactics to get into oversubscribed deals
Strategies for continuing to invest in portfolio companies a 2nd, 3rd, 4th, 5th time, etc
Best practices for post investment information rights, governance, adding value and Different options to invest ranging from Angel List, to other investor platforms, angel groups, demo days, accelerators, VC funds, SPVs, tax breaks for UK, EU and Israeli taxy payers
Different options to get liquidity on the secondary market before definitive liquidity event for startup / how to sell some stock before the final exit
Presentation at the Vaughan, Ontario, Canada Business Series with Panelists: Jim Turner, VP of Ontario Securities Commission, Christopher Charlesworth and Hivewire, Adam Spence, SVX
The Changing Relationship Between Investors and Investments OurCrowd
Take this opportunity to meet OurCrowd’s new president, Anthony DeChellis, who brings to the discussion his extensive experience in the private banking and institutional finance world. Anthony previously served as CEO of Private Banking Americas at Credit Suisse, headed Private Wealth Management at UBS, and held a range of leadership positions at Merrill Lynch, including Manager of the European Private Banking Business.
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
We’re thrilled to announce that we’ve raised Kleiner Perkins’ 18th venture fund -- $600 million to focus on early stage investing. This marks 47 years for our firm, and with a fresh team and strategy, we’re incredibly excited for the next 47 years.
An Investor's Guide to Real Estate CrowdfundingCrowdfundSuite
Why did investors place $2.6B via real estate crowdfunding in 2015? Discover how investors are creating outstanding returns from real estate with more transparency, smaller amounts, more diversification, more control and flexibility and without landlord hassles. Keynote for 2016 Rai$e Conference by Crowdfund Suite Evangelist Bret Conkin.
Real Estate Crowdfunding has become a dynamic new option for real estate developers and project sponsors for raising capital to finance projects. In turn, investors have tapped an exciting new option tof investing in previously inaccessible projects to achieve high returns in this booming asset class.
This guide details what investors need to know. Also useful for developers. Learn more at www.crowdfundland.co
Introduction to Real Estate Crowdfunding by the CrowdSeekr TeamAshley Smith
This is the slide deck from our recent presentation on the history and future of real estate crowdfunding at the 2017 Commercial Real Estate Summit at the University of Central Oklahoma.
Everything You Need to Know about Preemptive RightsOurCrowd
Have you been following the growing trend in continuity funds?
Listen to our 30-minute session with OurCrowd Investment Partner David Stark to learn how professional investors use preemptive rights to get further involved in winning companies.
• Get an insider’s view of how to leverage preemptive rights in startup investing
• Understand the basics of continuity funds and review case studies
• Learn how to get involved at a time when companies are staying private longer
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.
Grow VC and the South East England Development AgencyGrow VC Group
Grow VC organized this startup event jointly with South East England Development Agency. To talk about Finance for Mobile and Internet Businesses.
Some of the main topics in our presentation today are:
* Developing Global Internet Businesses - Challenges and opportunities
* Web and mobile businesses: new retail business
* Go-to-market
* Challenges of funding market
* Web and mobile services funding
* Grow VC platform for Experts and funding - The first global concept
* Grow VC Local Partner examples
* Investment policy and our market position
* Would you like to manage VC money?
These are the slides that accompanied the Q3 2021 Quarterly Investment Briefing for the South West on 23rd September. The event included lightning talks from Stuart Nicol, QantX, Rosie Bennett, SETSquared, and Briony Phillips, Rocketmakers.
Slides 37/39 include information about those 13 companies that are actively raising investment in Q3 2021. Check out the disclaimer - these aren't recommendations, just information.
Analysis on an decade of data relating to start-up which would guide the budding start-ups towards the way of success and also provide them the right place for maximum funding.
There has been much news coverage of Internet-based crowdfunding recently, including stories about entrepreneurs who have funded diverse projects through donation crowdfunding on popular sites, such as Kickstarter, as well as stories about the developing federal securities laws for investment crowdfunding. With large dedicated pools of alumni, universities and colleges may be particularly well positioned to take advantage of crowdfunding as a means of funding the development of inventions and innovations by their scientists. The securities laws with respect to investment crowdfunding are still evolving and will impact how broadly this trend will be adopted.
Winning Investment: Business Angels Networks & Equity CrowdfundingSteven Lyons
Winning equity investment is often the best way for start-ups to finance rapid growth. This talk focuses on Business Angels Networks and Equity Crowdfunding Platforms making it ideal for those looking to raise between £50,000 and £750,000.
Learn what makes a raise successful, what some of the pitfalls to receiving investment are and if equity investment is right for you.
Aims
• Provide an overview of business angels and their networks.
• Explain the deal making process.
• Describe what makes a business opportunity suitable for investment.
• Provide an overview of the equity crowdfunding market.
• Give an insight into the different types of online investors.
• Describe the different crowdfunding models.
The talk is scheduled to last for approximately an hour with another hour being devoted to answering questions and networking.
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.
What is a "Private Fund?" (Series: PE, VC, and Hedge Funds De-Mystified)Financial Poise
According to the Securities and Exchange Commission, the number of private investment funds in the United States grew from 20,000 in Q1 2013 to more than 25,000 in Q1 2015. This included 1,100 more hedge funds, 1,500 more private equity funds and 140 more venture capital funds. So what are private funds and why are they growing so quickly? This webinar explains the basics of private funds, how and why they differ from public investment options, and how investors gain access to the different kinds of private fund vehicles. Included is a breakdown of the three major private funds (private equity, venture capital and hedge fund) and what makes each unique.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/what-is-private-fund-2019/
Chapter 8 from Romans' book "Masters of Corporate Venture Capital" Lists the most active CVCs globally and in the USA as well of lots of numbers and analysis on CVC broken down by sector, stage and geography.
We’re thrilled to announce that we’ve raised Kleiner Perkins’ 18th venture fund -- $600 million to focus on early stage investing. This marks 47 years for our firm, and with a fresh team and strategy, we’re incredibly excited for the next 47 years.
An Investor's Guide to Real Estate CrowdfundingCrowdfundSuite
Why did investors place $2.6B via real estate crowdfunding in 2015? Discover how investors are creating outstanding returns from real estate with more transparency, smaller amounts, more diversification, more control and flexibility and without landlord hassles. Keynote for 2016 Rai$e Conference by Crowdfund Suite Evangelist Bret Conkin.
Real Estate Crowdfunding has become a dynamic new option for real estate developers and project sponsors for raising capital to finance projects. In turn, investors have tapped an exciting new option tof investing in previously inaccessible projects to achieve high returns in this booming asset class.
This guide details what investors need to know. Also useful for developers. Learn more at www.crowdfundland.co
Introduction to Real Estate Crowdfunding by the CrowdSeekr TeamAshley Smith
This is the slide deck from our recent presentation on the history and future of real estate crowdfunding at the 2017 Commercial Real Estate Summit at the University of Central Oklahoma.
Everything You Need to Know about Preemptive RightsOurCrowd
Have you been following the growing trend in continuity funds?
Listen to our 30-minute session with OurCrowd Investment Partner David Stark to learn how professional investors use preemptive rights to get further involved in winning companies.
• Get an insider’s view of how to leverage preemptive rights in startup investing
• Understand the basics of continuity funds and review case studies
• Learn how to get involved at a time when companies are staying private longer
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.
Grow VC and the South East England Development AgencyGrow VC Group
Grow VC organized this startup event jointly with South East England Development Agency. To talk about Finance for Mobile and Internet Businesses.
Some of the main topics in our presentation today are:
* Developing Global Internet Businesses - Challenges and opportunities
* Web and mobile businesses: new retail business
* Go-to-market
* Challenges of funding market
* Web and mobile services funding
* Grow VC platform for Experts and funding - The first global concept
* Grow VC Local Partner examples
* Investment policy and our market position
* Would you like to manage VC money?
These are the slides that accompanied the Q3 2021 Quarterly Investment Briefing for the South West on 23rd September. The event included lightning talks from Stuart Nicol, QantX, Rosie Bennett, SETSquared, and Briony Phillips, Rocketmakers.
Slides 37/39 include information about those 13 companies that are actively raising investment in Q3 2021. Check out the disclaimer - these aren't recommendations, just information.
Analysis on an decade of data relating to start-up which would guide the budding start-ups towards the way of success and also provide them the right place for maximum funding.
There has been much news coverage of Internet-based crowdfunding recently, including stories about entrepreneurs who have funded diverse projects through donation crowdfunding on popular sites, such as Kickstarter, as well as stories about the developing federal securities laws for investment crowdfunding. With large dedicated pools of alumni, universities and colleges may be particularly well positioned to take advantage of crowdfunding as a means of funding the development of inventions and innovations by their scientists. The securities laws with respect to investment crowdfunding are still evolving and will impact how broadly this trend will be adopted.
Winning Investment: Business Angels Networks & Equity CrowdfundingSteven Lyons
Winning equity investment is often the best way for start-ups to finance rapid growth. This talk focuses on Business Angels Networks and Equity Crowdfunding Platforms making it ideal for those looking to raise between £50,000 and £750,000.
Learn what makes a raise successful, what some of the pitfalls to receiving investment are and if equity investment is right for you.
Aims
• Provide an overview of business angels and their networks.
• Explain the deal making process.
• Describe what makes a business opportunity suitable for investment.
• Provide an overview of the equity crowdfunding market.
• Give an insight into the different types of online investors.
• Describe the different crowdfunding models.
The talk is scheduled to last for approximately an hour with another hour being devoted to answering questions and networking.
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.
What is a "Private Fund?" (Series: PE, VC, and Hedge Funds De-Mystified)Financial Poise
According to the Securities and Exchange Commission, the number of private investment funds in the United States grew from 20,000 in Q1 2013 to more than 25,000 in Q1 2015. This included 1,100 more hedge funds, 1,500 more private equity funds and 140 more venture capital funds. So what are private funds and why are they growing so quickly? This webinar explains the basics of private funds, how and why they differ from public investment options, and how investors gain access to the different kinds of private fund vehicles. Included is a breakdown of the three major private funds (private equity, venture capital and hedge fund) and what makes each unique.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/what-is-private-fund-2019/
Chapter 8 from Romans' book "Masters of Corporate Venture Capital" Lists the most active CVCs globally and in the USA as well of lots of numbers and analysis on CVC broken down by sector, stage and geography.
Behold CVC - The Founders' Perspective on What to Watch Out forAlexander Marten
Was verbirgt sich hinter CVC? Was sind die Haupttreiber, wie nutzen Konzerne CVC um Ihre Ziele zu erfüllen und warum gibt es so wenig Erfolgsgeschichten? So wie Konzerne CVC aufgesetzt haben, ist es schwierig Erfolge zu erzielen. Startups sollten sich bei einem Investment durch CVC sehr genau überlegen, ob und wie dieser Investor zum Produkt passt.
What is the deal with CVC? What is the main goal, how do corporates want to achieve it and why are there so few success stories? The way corporates have set up CVC is maybe not doomed to fail, but rigged in a way that success is very hard to achieve. Startups should look out if a CVC investor is really the right one for their product.
"Introduction to 500 Startups" presentation will provide you a comprehensive overview of various activities that we do to promote startup ecosystem globally, discover best early stage companies and help them grow.
31 growth hacking resources for startup marketers covering newsletters, podcasts, books, communities, and blogs. Bonus Twitter list of growth hackers to follow included.
Virtual Chief Finance Officers (VCFO) offer the same services, and more, as a traditional Accountant must but a VCFO does it remotely, part-time or on an ad hoc basis.
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.
Fundraising 101 : Are You Ready for an Investment Round? David Ehrenberg
Why raise funds?
What are your funding options?
How much should you raise?
What do you need to do to show investors you're ready for their investment?
These questions are explored in this presentation from Shayne Vermallay from DLA Piper and Sirk Roh of Early Growth Financial Services.
Takeaways include:
- Your fundraising options at every stage of the development process
- Milestone funding
- What investors want to see
- Crafting your financial projections
- Expert pitching tips
- Financial modeling
- and more!
Larry Scheinfeld: 4 Factors to Consider When Seeking Venture Capital FundingLarry Scheinfeld
While VC funding is still flowing, investors are being more mindful about which companies they are willing to back—and we are continuing to see the post tech bubble trend of startups choosing to stay private for longer periods of time before seeking out VC funding rounds.
These 4 key factors can be the difference between raising the right amount of capital and missing the mark.
Forming a Company: How to Start a Business (SERIES: One Hour Law School 2018)Financial Poise
To view the accompanying webinar, go to: https://www.financialpoise.com/financialpoisewebinars/view-webinar/?id=266157173&slides=Zexv5CoEVKZsN
Starting a business can be an exciting time but requires careful planning to avoid foreseeable pitfalls. Careful drafting of formation documents can provide stability as the business launches and can also prevent many future issues. However, there is no one-size-fits-all entity that works for all businesses.
Be it a corporation, limited liability company, partnership, or solo proprietorship, numerous factors must be considered to ensure as the correct entity is chosen for your new company. Chief among these considerations are tax implications (pass-through vs. corporate taxation), personal liability (limited vs. unlimited), and the ability to maintain control of the business. Additionally, founders should be educated on the rules regarding capital raising, as well as what, if any, fiduciary duties they owe and to whom. This webinar provides guidance on each of these considerations.
How to Raise Venture Capital: What's Your Plan? David Ehrenberg
Are you looking to raise investment capital? If so, you need a plan. The trick is to get investors to believe in you, in your company, in your vision, and in your ability to execute.
Ncfa Craig Asano Jan 8 equity and funding presentationCraig Asano
Beyond bootstrapping raising capital is critical to launch or grow most ventures. Here's a lean overview of common funding options. Here's to your future success!
Understand the resources required to execute on your business concept; understand the different opportunities to fund start-up and subsequent growth, and the opportunities and challenges associated with each.
For Business Funding go to http://frombootstobusiness.com/category/from-boots-to-business/business-finance/
To view the accompanying webinar, go to: https://www.financialpoise.com/financialpoisewebinars/on_demand_webinars/factoring/
A simple way to think about factoring is to think of it as a company selling its invoices or accounts receivable (A/R) to a third party. It is not that simple, however, thus the purpose of this webinar. A factor makes a profit by buying A/R for less than 100% of its face amount. Companies that transact with factors are often cash-strapped. A factor will typically advance most of an invoice amount – usually between 70% - 90%. When the invoice is paid, the factor will remit the balance the company, less a transaction fee. This arrangement allows a company to get cash much faster than it would if it waited to be paid pursuant to the terms of its invoices (i.e. often 30 days) and even faster if its customer fails to pay within terms. This webinar discusses various common types of factoring arrangements; how to negotiate a factoring agreement; and alternatives to consider before deciding to factor.
Are you looking to set your business up for a successful capital raise?
In this presentation, you’ll learn:
How to build your business’ reputation before a capital raise.
Effective strategies for the ‘who’ and ‘what’ of fundraising communications.
The best tools for getting your message out (and how to choose the right one).
What investors are looking for from founders and startups seeking venture capital.
Legal tips to make sure you’re poised for fundraising success.
If you have any questions about capital raising, give us a call on 1300 544 755, we'd be happy to help.
Similar to Founders floor lifograph cvc - 45 mins (20)
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!
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.
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.
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.
3. NEW BOOK ON CORPORATE VENTURE CAPITAL - CVC - 08/18/2016
3
4. ADVICE TO CORPORATES THINKING OF ESTABLISHING A CVC PROGRAM
4
• Outline reasons why the corporate wants to operate a CVC and make all
decisions to achieve these goals
• Get physical signature buy-in from CEO & board and make this your constitution
to drive all decisions that will follow
• Set specific investing budget and stick with it for minimum of 10 years
• Expand the topics you will invest in. Disruption is coming from a direction you
never considered
• Fund of Funds (FoF) immediately gets corporate their list of goals
• FoF as first step followed by direct CVC investing ensures the program will be
profitable
5. ADVICE TO CORPORATES THINKING OF ESTABLISHING A CVC PROGRAM
5
• A profitable CVC program is like a zero cost external R&D innovation program
• Force General Partners (GPs) to share information, intelligence, deal flow and
introduce startups for partnerships, direct investments & M&A
• Investing in financial VCs gets you access to the deals that would never take your
funding for many good reasons and very likely to make a profit
• GPs bring specific deal flow to corporate and teaches them how to invest
• Establish process to approve and execute an investment
• Do not invest into any deals without at least one financial VC investing in the same
round
6. ADVICE TO CORPORATES THINKING OF ESTABLISHING A CVC PROGRAM
6
• Make first investments using outside law firms that do this every day like DLA,
Orrick, etc. Do NOT start with your internal legal department
• Use CVC & M&A to diversify product & service portfolio
• Come up with compensation plan to keep team together for 10 years
• Staff the CVC team with 50% internal execs that have as much power as possible
within the company and 50% external VCs with financial VC experience and
existing networks
• Locate the CVC in San Francisco or Palo Alto - not Detroit, duh!!!!
• Learn from mistakes and successes of the last 30 years of CVC experience
7. RAISING CAPITAL FROM CVCS
7
• Understand the dangers of what can go wrong when taking funding from a CVC
• Understand any strings attached terms, licensing agreements, and legal terms
such as ROFR, ROFN
• Give careful consideration to loosing your neutrality. If you disclose to Cisco that
you took funding from Huawei, can you still get Cisco as a customer or get them to
acquire you? Probably not!
• Take meetings with CVCs to run your startup up the flagpole to the CEO, CTO,
head of a Business Unit you can partner with.Take meetings and be prepared to
decline to take their funding
• Tell war story of CVC with a bad ending
8. RAISING CAPITAL FROM CVCS
8
• Do your homework and find out as much as you can about any strategic
partnerships you can launch with the parent corporation and try to articulate this
when approaching and meeting with the CVC team
• Ask your existing angels and VCs if they understand the CVC’s investment
strategy
• If there are books or blogs that state the exact investment strategy of the CVC
read up on the CVCs play book before you get on the field with them
• Learn about the CVCs process. How do they make an investment decision?
• How is Corporate Development related to the CVC? Is it the same group?!!!
9. RAISING CAPITAL FROM CVCS
9
• Do they have an investment committee?
• Who is on the investment committee?
• How long will the process take to get funding?
• Do they require the signature of a BU head stating they will do business with you
or not try to build what you have internally?
• Do you need to make a sale to the corporate as a customer before getting CVC
funding?
• Ask if they require other strings attached or performance warrants?
• Qualify the check size and stage, sectors and geography they invest in
10. RAISING CAPITAL FROM CVCS
10
• Ask to be referred to 2 or 3 CEOs that they invested in recently
• Don’t be annoying to the CVC when doing all of this qualification and DD :-)
• Keep an eye on your legal bill.You can easily spend $50k per month and never
sign the deal and take CVC funding
• Qualify the check size and stage, sectors and geography they invest in
• Don’t let them pump up your valuation. Always set valuation looking at your next
round valuation
• Try to get a financial VC to syndicate with CVC and establish balance of power.
Financial VC wants to make money. CVC may have another much more important
agenda
11. RAISING CAPITAL FROM CVCS
11
• Consider not giving the CVC a board seat
• Identify conflicts of interest and be open with the CVCs about your concerns over
conflicts of interests and discuss this with your financial VC
• Consider having two sets of board meetings - one without the CVCs present
• Be prepared that the person at the CVC may change jobs before your next
fundraising round or they will cancel the CVC program and you need other plans
to raise capital
• Lower your risk of being orphaned by making more friends at the CVC and BUs
12. RAISING CAPITAL FROM CVCS
12
• Do all the same things you do with a financial VC and more
• Push the CVC hard as hell to get meaningful revenue or other partnerships to
help grow your business internationally. Push hard
• Be prepared for corporate to be slow and not operate at startup or financial VC
speed.
• Getting a wire transfer from a corporate can take 2 months longer than what they
told you to expect
• Never run out of cash
13. RUBICON VENTURE CAPITAL INVESTMENT FOCUS
GEOGRAPHY
ENTERPRISE &
CONSUMER
SECTOR FOCUS STAGE
US-Focused and
opportunistic
internationally with
active LPs throughout the
world
Investing in B2B and
B2C companies
Broad range of software
/ internet sector
investments. Ex: Mobile,
IoT, MarTech, Big Data,
FinTech, Hospitality
Tech, Enterprise SaaS
Late-Seed, Series A
and Series B
13
LATE SEED,
A, B
B2B B2C
14. RUBICON’S LP NETWORK IS A PLATFORM FOR DOING BUSINESS
14
We leverage our network to source deals and help our portfolio companies expand into new markets in the US
and across the globe
15. DIVERSE LP NETWORK ADDS VALUE TO STARTUPS
15
Rubicon raises capital from corporates, individual
high net worth angel investors, family offices and
institutional LPs creating a powerful network ready to
help and go to bat for our startup portfolio.
16. INVESTORS IN FUND II MAY CO-INVEST WITH FUND I AND FUND II CO’S
Investor in Fund II may co-invest with our VC fund in any Fund II or Fund I
companies
Our investors have control of which companies they want to invest more into
INVESTMENT
RUBICON
FUND
SIDECAR
FUND
COMPANY
16
MGMT
FEE
CARRYCARRY
MGMT
FEE
17. MAXIMIZE INTERACTION AND INFORMATION AMONG LPS AND PORTFOLIO
• Classic VC has zero contact from big LPs and the portfolio
• Rubicon facilitates contact among LPs and the portfolio companies with sidecar
real-time transparency and culture of events and introductions
ANGEL INVESTOR
LPs
CORPORATE
LPs
FAMILY OFFICE
LPs
GENERAL PARTNERS
& VENTURE PARTNERS
RUBICON PORTFOLIO COMPANIES