The document outlines considerations for implementing a strategic seed investing program in healthcare. It recommends:
1) Designing an investment model focused on high-quality founders and capital efficient sectors.
2) Developing partnerships with incubators, universities, and other investors to source deals.
3) Establishing a rigorous but efficient due diligence and approval process.
4) Managing financial expectations, with most seed investments unlikely to yield returns but building expertise in emerging areas.
Workshop "How to pitch to a corporate VC" @ Start Summit 2013 in St. GallenPenny Schiffer
Penny Schiffer and Jonathan Grahm, Swisscom Ventures; Summary: Corporate Venture Capital is the practice where a large firm takes an equity stake in a small but innovative or specialist firm, to which it may also provide management and marketing expertise and other assets like customer access or IT infrastructure. The objective for the corporate is to gain a specific competitive advantage, benefits for a startup may include speed of execution and access to resources.
In this workshop we explained the concept of corporate venture capital, gave an overview over such activities in Switzerland and provided examples of how startups have used corporate venture capital to achieve their goals. We then worked on concrete examples – own startup ideas or case studies – to explore how to pitch to a corporate venture capitalist. We discussed pros and cons of such concepts and potential roadblocks. www.startsummit.ch
Workshop "How to pitch to a corporate VC" @ Start Summit 2013 in St. GallenPenny Schiffer
Penny Schiffer and Jonathan Grahm, Swisscom Ventures; Summary: Corporate Venture Capital is the practice where a large firm takes an equity stake in a small but innovative or specialist firm, to which it may also provide management and marketing expertise and other assets like customer access or IT infrastructure. The objective for the corporate is to gain a specific competitive advantage, benefits for a startup may include speed of execution and access to resources.
In this workshop we explained the concept of corporate venture capital, gave an overview over such activities in Switzerland and provided examples of how startups have used corporate venture capital to achieve their goals. We then worked on concrete examples – own startup ideas or case studies – to explore how to pitch to a corporate venture capitalist. We discussed pros and cons of such concepts and potential roadblocks. www.startsummit.ch
Stanford 2012: Building the Entrepreneurial UniversityJack Brittain
Stanford panel focused on how universities are leveraging scholarship to make a difference in the world and the communities in which they are located. This presentation describes the "Utah model" and the changes the University of Utah made to become one of the top public university commercialization programs in the nation.
Need to know more about private equity and hedge funds? Then you have come to the right place with this quick overview presentation. This is based on my book: "Figuring Out Wall Street". A part of a continuing series of on the financial services industry. We provide training, custom developed to your needs. Contact us to discuss your needs and get a quote.
Private equity overview presentation delivered to Drexel University students. Presentation highlights overall private equity market, fund structure, economics, and terms, as well as investment process.
Stanford 2012: Building the Entrepreneurial UniversityJack Brittain
Stanford panel focused on how universities are leveraging scholarship to make a difference in the world and the communities in which they are located. This presentation describes the "Utah model" and the changes the University of Utah made to become one of the top public university commercialization programs in the nation.
Need to know more about private equity and hedge funds? Then you have come to the right place with this quick overview presentation. This is based on my book: "Figuring Out Wall Street". A part of a continuing series of on the financial services industry. We provide training, custom developed to your needs. Contact us to discuss your needs and get a quote.
Private equity overview presentation delivered to Drexel University students. Presentation highlights overall private equity market, fund structure, economics, and terms, as well as investment process.
Investment In Locally Controlled Forestry: Implementation of the GuideThe Forests Dialogue
Chris Buss' presentation at the Second meeting of the Open-Ended Intergovernmental Ad Hoc Expert Group on Forest Financing (AHEG2) 14-18 January 2013 – Vienna, Austria
OurCrowd's Portfolio RESERVE: Making investing easier by putting the investme...OurCrowd
Join Zack Miller and Danna Mann -- executives at OurCrowd, the leading crowdfunding platform for Israeli startups -- for an introduction to OurCrowd's new product, Portfolio RESERVE. Interested investors can use Portfolio RESERVE to make a one-time investment with minimal paperwork to guarantee you never miss an opportunity.
Join us to learn about the Portfolio RESERVE:
You decide how much you'd like to invest in OurCrowd companies
Get automated allocation to future investment opportunities
One time funding, limited paperwork
You retain ability to opt-out of any deal
You'll also have an opportunity to ask questions about our process and startup investing in general.
Presentation at the European Pension Fund Investment Forum (EPFIF), September 4, 2012, The Hague. The presentation covers how unearthing investment beliefs helps improve investment governance, but poorly thought out or implemented investment beliefs challenge the organisation as well.
Softlanding for global startups nsob taiwan 19 juni 2014Pim de Bokx
I was happy to share my experience and vision with the Governmental delegation from Taiwan on how to attract international entrepreneurial talent. For example through softlanding programs, international incubation and seed accelerators.
Game companies as an investment 4.9.2012butterfly_vc
Presentation given at game seminar 4.9.2012 at OAMK. Talks about investors different business models and their wants when looking at game companies as investment target.
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
Enterprise Excellence is Inclusive Excellence.pdfKaiNexus
Enterprise excellence and inclusive excellence are closely linked, and real-world challenges have shown that both are essential to the success of any organization. To achieve enterprise excellence, organizations must focus on improving their operations and processes while creating an inclusive environment that engages everyone. In this interactive session, the facilitator will highlight commonly established business practices and how they limit our ability to engage everyone every day. More importantly, though, participants will likely gain increased awareness of what we can do differently to maximize enterprise excellence through deliberate inclusion.
What is Enterprise Excellence?
Enterprise Excellence is a holistic approach that's aimed at achieving world-class performance across all aspects of the organization.
What might I learn?
A way to engage all in creating Inclusive Excellence. Lessons from the US military and their parallels to the story of Harry Potter. How belt systems and CI teams can destroy inclusive practices. How leadership language invites people to the party. There are three things leaders can do to engage everyone every day: maximizing psychological safety to create environments where folks learn, contribute, and challenge the status quo.
Who might benefit? Anyone and everyone leading folks from the shop floor to top floor.
Dr. William Harvey is a seasoned Operations Leader with extensive experience in chemical processing, manufacturing, and operations management. At Michelman, he currently oversees multiple sites, leading teams in strategic planning and coaching/practicing continuous improvement. William is set to start his eighth year of teaching at the University of Cincinnati where he teaches marketing, finance, and management. William holds various certifications in change management, quality, leadership, operational excellence, team building, and DiSC, among others.
What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
HR recruiter services offer top talents to companies according to their specific needs. They handle all recruitment tasks from job posting to onboarding and help companies concentrate on their business growth. With their expertise and years of experience, they streamline the hiring process and save time and resources for the company.
Buy Verified PayPal Account | Buy Google 5 Star Reviewsusawebmarket
Buy Verified PayPal Account
Looking to buy verified PayPal accounts? Discover 7 expert tips for safely purchasing a verified PayPal account in 2024. Ensure security and reliability for your transactions.
PayPal Services Features-
🟢 Email Access
🟢 Bank Added
🟢 Card Verified
🟢 Full SSN Provided
🟢 Phone Number Access
🟢 Driving License Copy
🟢 Fasted Delivery
Client Satisfaction is Our First priority. Our services is very appropriate to buy. We assume that the first-rate way to purchase our offerings is to order on the website. If you have any worry in our cooperation usually You can order us on Skype or Telegram.
24/7 Hours Reply/Please Contact
usawebmarketEmail: support@usawebmarket.com
Skype: usawebmarket
Telegram: @usawebmarket
WhatsApp: +1(218) 203-5951
USA WEB MARKET is the Best Verified PayPal, Payoneer, Cash App, Skrill, Neteller, Stripe Account and SEO, SMM Service provider.100%Satisfection granted.100% replacement Granted.
Unveiling the Secrets How Does Generative AI Work.pdfSam H
At its core, generative artificial intelligence relies on the concept of generative models, which serve as engines that churn out entirely new data resembling their training data. It is like a sculptor who has studied so many forms found in nature and then uses this knowledge to create sculptures from his imagination that have never been seen before anywhere else. If taken to cyberspace, gans work almost the same way.
RMD24 | Retail media: hoe zet je dit in als je geen AH of Unilever bent? Heid...BBPMedia1
Grote partijen zijn al een tijdje onderweg met retail media. Ondertussen worden in dit domein ook de kansen zichtbaar voor andere spelers in de markt. Maar met die kansen ontstaan ook vragen: Zelf retail media worden of erop adverteren? In welke fase van de funnel past het en hoe integreer je het in een mediaplan? Wat is nu precies het verschil met marketplaces en Programmatic ads? In dit half uur beslechten we de dilemma's en krijg je antwoorden op wanneer het voor jou tijd is om de volgende stap te zetten.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Skye Residences | Extended Stay Residences Near Toronto Airportmarketingjdass
Experience unparalleled EXTENDED STAY and comfort at Skye Residences located just minutes from Toronto Airport. Discover sophisticated accommodations tailored for discerning travelers.
Website Link :
https://skyeresidences.com/
https://skyeresidences.com/about-us/
https://skyeresidences.com/gallery/
https://skyeresidences.com/rooms/
https://skyeresidences.com/near-by-attractions/
https://skyeresidences.com/commute/
https://skyeresidences.com/contact/
https://skyeresidences.com/queen-suite-with-sofa-bed/
https://skyeresidences.com/queen-suite-with-sofa-bed-and-balcony/
https://skyeresidences.com/queen-suite-with-sofa-bed-accessible/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-king-queen-suite-with-sofa-bed/
https://skyeresidences.com/2-bedroom-deluxe-queen-suite-with-sofa-bed-accessible/
#Skye Residences Etobicoke, #Skye Residences Near Toronto Airport, #Skye Residences Toronto, #Skye Hotel Toronto, #Skye Hotel Near Toronto Airport, #Hotel Near Toronto Airport, #Near Toronto Airport Accommodation, #Suites Near Toronto Airport, #Etobicoke Suites Near Airport, #Hotel Near Toronto Pearson International Airport, #Toronto Airport Suite Rentals, #Pearson Airport Hotel Suites
Attending a job Interview for B1 and B2 Englsih learnersErika906060
It is a sample of an interview for a business english class for pre-intermediate and intermediate english students with emphasis on the speking ability.
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Search Disrupted Google’s Leaked Documents Rock the SEO World.pdf
Healthcare seed fund strategy
1. Strategic Approach to Seed
Investing in Healthcare*
Christina LaMontagne
December 2, 2012
*The focus of this presentation is healthcare, but most
lessons could be widely applied to other sectors.
3. The case for seed investing
• Early access to deals
– Build pipeline for future venture-size and stage deals
– Establish competitive position for participation in Series A
– Gain proprietary insights into company, market, product and team while only putting small
amount of capital at risk
• Establish firm as go-to investor
– Willingness to back seed-stage founders sends message about firm’s level of partnership and
commitment to entrepreneurial teams and innovative products
– Current scarcity of early-stage healthcare investors provides an opportunity for firm to catalyze
next wave of healthcare investing
• Strategic learning about new health technology
– Digital health technologies, which require less capital than traditional life sciences companies,
are attractive seed investment targets
– See and track emerging trends; test new market opportunities without high capital commitment
• Mitigate portfolio risks
– Opportunity for deeper diligence and discretion to stem losses (fail fast)
– Diversify portfolio risk profile with early-stage high-risk deals (10x+ returns) to offset lower-risk
later stage returns (2-4x)
• Financial returns
– First money in yields better returns
– Super Angel Funds have pushed Series A valuations high, seed stage deals can be better value
3
4. Fund management risks & considerations
• Relative to initial check size, requires disproportionate time of investment
professionals
– Time might be better spent on transactions with higher investment/higher stakes
• Control/governance rights
– Given time constraints, many investors choose to be less involved with seed-stage
companies, but this comes at the cost of looser governance and irregular flow of information
• Accountability for high failure rate
– Higher risk profile of early-stage companies means many will fail or be unattractive when
seeking a Series A
– Write-offs are common in year 1 and 2 and fund leadership must set seed fund expectations
differently from VC fund expectations
– Successful investors embrace high beta risks of early-stage companies, with many losers and a
few big winners
• Seed capital goes furthest with low capital intensity businesses
– Capital efficient businesses (e.g. digital health as opposed to science-based businesses) allow
investors to track rapid progress towards meaningful short-term milestones
• Potential for seed-stage bubble
– Flood of incubators and seed investors into early-stage companies has meant easier access to
capital; some worry relative scarcity of Series A investors means fewer companies will
successfully graduate to Series A
4
5. Implementing seed investment program
1 Design an investment model
2 Develop an ecosystem of partners
3 Shape investment process
4 Build financial model
5
6. 1 Leading seed stage investment models
Model Description Examples
“Spray and • Volume play to invest in hundreds of companies with expectation of SV Angel, 500 Start-Ups
Pray” 1-2 major hits; betting on abilities of promising Founders
Sector focused • High throughput investing (~2 deals/month) creates index fund Forerunner (e-commerce),
index fund betting on best deals for specific market opportunity (e.g. big data) CommerceVC (fin-tech)
Value-add • Investor does thorough diligence and deeply engages with K9, Google Ventures
entrepreneur to provide regular support and guidance
• May advocate for seed-stage board formation, prefer priced rounds
to convertible notes
Personal brand • Led by established entrepreneur who leverages personal money, Innovation Endeavors (Eric
funds connections, and legacy to attract entrepreneurs Schmidt), Felicis (Aydin
• Opportunistic across sectors (e.g. health, enterprise, consumer, etc.) Senkut)
Incubator or • Founders apply through rigorous process, winners get workspace, RockHealth, BluePrint
accelerator mentorship and investment (e.g. $25,000 investment for 8% equity) Health, Y Combinator
Series A farm • Investors attract Founders early and influence company trajectory Many established VC firms:
team • Can be high volume, little diligence, little PR Sequoia, DFJ, General
Catalyst, KPCB, Andreesen
• For bandwidth reasons, often managed by junior investors
Horowitz, etc.
6
7. 2 Develop an ecosystem of partners
My go-to list of smart, collaborative partners*
Incubator Incubator Mayo Clinic, RockHealth, BluePrint
Health, HealthBox, StartUp Health,
TechStars, ExploraMed, Cambridge
Innovation Center, Founders Den
University Seed Investor
Stage Investor Felicis, Floodgate, KPCB, Aberdare,
Canaan, Norwest, Bessemer, Founders
Ecosystem Fund, HLM, Versant, DFJ InCube
University MIT, Harvard, Stanford, Berkeley, UCLA
Entrep-
reneur Entrepreneurs Current venture-backed entrepreneurs
who introduce their friends
Encourage deal sharing, co-
investment, and value creation
*There are lots of wonderful partnerships to be found! This list only highlights partners with whom I have direct personal experience.
7
8. 3 Shape internal investment process
Investment Criteria Due Diligence Process – Investment Committee
no more than one week Approval Process
• High caliber team Team references • 2 page investment
• Within scope of fund • Assess maturity, risk recommendation
• Billion dollar potential to tolerance and likelihood • Majority approval by
change industry to stick together for long IC/Managing Partners
• Disruptive technology haul • Not necessary to go to
• Huge addressable market Validate opportunity size corporate execs for sign-
• Opportunity for unique • To offset risk, companies off
firm value-add should have potential for • Can manage process with
• At least one other huge returns (looking for Director-level investment
reputable investor in a 10x+) staff
syndicate Technology assessment
• Investment required • Likely no time to bring in
<$200k experts; need to assess
based on published
literature, credibility of
early partnerships, and
market need
8
9. 4
Initial Financial Projection
Expected cash flow related to first year of seed investing
Assumptions Discussion
• Pace of 1 deal/quarter @ $100k • $100k seed investment size will typically only buy ~2% of equity
• Within 1 year of 1 st 4 investments: • Some early stage investments require a “bridge” to the Series A – this
• 1 matures to Series A is often seen as a 2nd seed round with little if any valuation increase
• 2 require Bridge • Seed investment should pave way for firm to participate at pro rata
• 2 are written-off or super pro rata in Series A – it is essential to include this in Series
Seed term sheet. Corporate investors are uncommonly asked to lead
Series A
9
10. My fantasy seed portfolio*
Company Description Financings
Molecular diagnostics company • $500k Series Seed Q2 2009
setting the new standard for routine • $18M Series A led by OrbiMed,
genetic carrier screening during Safeguard, SV Life Science Q3 2010
pregnancy. • $14M Series B Q2 2012
Passive monitoring via mobile • $1.7M Series Seed led by True
phone technology for better Ventures, Kapor Captial Q3 2011
management of chronic conditions. • $6.5M Series A led by Khosla Q4 2012
Software and mobile eye • $1M Series Seed in Q3 2012
diagnostics for low resource
settings.
iPad viewer app and cloud server • RockHealth seed financing
that enables collaborative viewing
of medical images.
Helps hospitals discover, evaluate • $1.1M Series Seed led by Bessemer,
and adopt high-value medical Fidelity, HLM Q3 2012
devices.
Software platform for • In process
storing, processing, and sharing
biomedical molecular data to
deliver precision medicine.
* Just a few of the excellent companies in this space. 10
11. Lessons learned
• Importance of team quality and cohesiveness
– Early stage founders must be held to the highest of standards and demonstrate ability to work
together for long haul, build a team, and be credible CEO material for Series A raise. When
company is still young, it is easiest for founders to walk away—thus destroying investment
• Seed extensions/Series a “Bridges” are common
– Often companies need additional runway before hitting milestones for Series A raise. This
means more capital is required, but often at the same or near initial valuation resulting in
greater investor ownership
• Mixed outcomes of board involvement
– When investors insist on a board seat at the Series A, they may overcommit their time to
company and then be biased to push for a Series A in company that does not merit more capital
– However, not taking a board seat means less governance/information and fewer controls
• Entrepreneurs seem to favor convertible notes over priced rounds
– Can complicate negotiations as entrepreneurs misinterpret the note’s cap as a valuation
• Seed rounds often look like a Series A
– Companies might raise as much as $2.5M and still call the round a Series Seed. Important for
investors to measure investment amount and set milestones appropriate to capital invested and
stage, regardless of semantics
• Series A crunch
– Incubators and Super Angels have brought unprecedented supply of capital to seed stage during
the same period that traditional venture capital supply has decreased. Result is a “Series A
crunch” where Series A capital is scarce and increasingly difficult to secure
11
12. Recommendations
• Launch seed stage program with:
– Appreciation of financial risks/rewards
– Strategy of leveraging seed activity to build fund profile and sector intelligence
– Focus on capital efficient software/mobile/digital sectors
• Maximize value of seed activity by creating formal channels to reach and get to
know entrepreneurs
• Selectively take board seats, if at all
• Keep check size small—consider seed investment as access to and insights for
future rounds
• Establish internal processes to ensure that criteria for Series A investments is
consistent and seed investments don’t receive undue bias/support from IC
• Pace yourself so you catch the best trends and technologies without getting
distracted by hype and noise
12