Must-read for anyone who is looking for VC funding now or is planning to do in the future!
This no-punches-pulled crash course on VC funding was delivered by two VCs, Patrick Polak of Newion Investments Management and Marc Lambrechts (Capricorn Venture Partners) at the Benelux Venture Forum.
Inside you'll find explanation of why VCs do the things they do, as well as excellent tips on the content and structure of your business plan and execution plan, forming your team and overall wooing the next VC you come across.
Vigo Venture Accelerators is a new acceleration program in Finland designed to support high-potential startups. It assigns selected accelerators to provide experience, funding opportunities, and business development support to Finnish startups. The key objectives are to help startups grow into successful companies, ensure early funding, increase company value, and attract venture capital investments. The program is governed by the Ministry of Employment and Economy and coordinated by Tekes. Accelerators invest time and money in portfolio companies and take an active role in operations. Initial results show over 40 startups supported, 70 million euros raised, international investments, job growth, and acquisition of one startup.
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
Private Equity Investments 2015 - Tunis Business SchoolHatem Chanoufi
This document provides information about private equity investments. It discusses that private equity involves purchasing equity or equity-linked securities in undervalued companies through a negotiated process with sophisticated investors who have financial and operating expertise. The goal is to realize profits in 3-5 years after acquiring and improving undervalued assets. Private equity focuses on mature companies seeking changes in ownership or financing for expansion. Venture capital focuses on riskier startups and smaller investments in early-stage companies.
The Vigo Programme is a new type of acceleration program in Finland designed to complement the existing innovation ecosystem. It assigns select accelerator companies to provide support, experience, and financing to high-potential Finnish startups. The key objectives are to help promising startups grow, ensure early funding, raise venture capital investments, and develop the Finnish venture capital market. Selected accelerator companies invest time and money in portfolio companies and take a hands-on role to help them grow rapidly over 18-24 months. To date the program has over 40 portfolio companies that have raised over 70 million Euros in total funding.
This document provides guidance on how to pitch a start-up to financiers. It discusses:
1) The services offered by Spinno to help start-ups develop fundable business plans and launch their businesses.
2) Factors that often cause start-ups to fail in fundraising, such as not having a fundable business case, traction, or understanding how different financiers operate.
3) An overview of various types of financiers (business angels, Tekes, VCs), what motivates them, and how to appeal to their priorities when pitching a case.
Venture capital and private equity are forms of equity funding for startups. Venture capitalists invest in high-growth companies and can provide competence, access to networks, and support for global expansion. However, VCs primarily seek significant return on investment potential, a clear path to profitability, and identifiable exit opportunities. Founders need to understand the priorities and perspective of VCs to effectively prepare their business case and negotiate terms.
The document provides an introduction to private equity, including how it can help growing companies, the investment process, and tips for a successful relationship between a company and its private equity investor. Private equity involves medium-to-long term financing in exchange for an equity stake in high-growth companies. It can benefit companies by providing funding, management expertise, and access to networks to help with growth. The business plan is key to attracting investors, and professional advisors can help navigate the legal and financial aspects of the process.
Vigo Venture Accelerators is a new acceleration program in Finland designed to support high-potential startups. It assigns selected accelerators to provide experience, funding opportunities, and business development support to Finnish startups. The key objectives are to help startups grow into successful companies, ensure early funding, increase company value, and attract venture capital investments. The program is governed by the Ministry of Employment and Economy and coordinated by Tekes. Accelerators invest time and money in portfolio companies and take an active role in operations. Initial results show over 40 startups supported, 70 million euros raised, international investments, job growth, and acquisition of one startup.
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
Private Equity Investments 2015 - Tunis Business SchoolHatem Chanoufi
This document provides information about private equity investments. It discusses that private equity involves purchasing equity or equity-linked securities in undervalued companies through a negotiated process with sophisticated investors who have financial and operating expertise. The goal is to realize profits in 3-5 years after acquiring and improving undervalued assets. Private equity focuses on mature companies seeking changes in ownership or financing for expansion. Venture capital focuses on riskier startups and smaller investments in early-stage companies.
The Vigo Programme is a new type of acceleration program in Finland designed to complement the existing innovation ecosystem. It assigns select accelerator companies to provide support, experience, and financing to high-potential Finnish startups. The key objectives are to help promising startups grow, ensure early funding, raise venture capital investments, and develop the Finnish venture capital market. Selected accelerator companies invest time and money in portfolio companies and take a hands-on role to help them grow rapidly over 18-24 months. To date the program has over 40 portfolio companies that have raised over 70 million Euros in total funding.
This document provides guidance on how to pitch a start-up to financiers. It discusses:
1) The services offered by Spinno to help start-ups develop fundable business plans and launch their businesses.
2) Factors that often cause start-ups to fail in fundraising, such as not having a fundable business case, traction, or understanding how different financiers operate.
3) An overview of various types of financiers (business angels, Tekes, VCs), what motivates them, and how to appeal to their priorities when pitching a case.
Venture capital and private equity are forms of equity funding for startups. Venture capitalists invest in high-growth companies and can provide competence, access to networks, and support for global expansion. However, VCs primarily seek significant return on investment potential, a clear path to profitability, and identifiable exit opportunities. Founders need to understand the priorities and perspective of VCs to effectively prepare their business case and negotiate terms.
The document provides an introduction to private equity, including how it can help growing companies, the investment process, and tips for a successful relationship between a company and its private equity investor. Private equity involves medium-to-long term financing in exchange for an equity stake in high-growth companies. It can benefit companies by providing funding, management expertise, and access to networks to help with growth. The business plan is key to attracting investors, and professional advisors can help navigate the legal and financial aspects of the process.
This document provides an overview of a private equity masterclass on deal origination, execution, and portfolio management. It discusses industry analysis, financial modeling, leveraged buyouts, due diligence, deal structuring, and portfolio company management. Specifically, it covers topics like investment strategies, industry KPIs, valuation methods, private equity returns calculations, debt financing, commercial and legal due diligence, legal deal documents, and portfolio company board representation.
Show Me The Money London 2014 - Presentation by John Spindler Ceo of Capital ...TechMeetups
This document provides information for entrepreneurs seeking to raise seed investment in London. It discusses the importance of scaling startups to achieve success and the need for investment to enable scale. It outlines characteristics of scale-focused startups and the lean startup process. It also discusses proving business model fit through customer development and metrics. Sources of funding at different stages are listed, including the importance of tax breaks like SEIS. Finally, it provides tips for successful angel investing. The overall message is that investment can help startups scale fast to solve big problems, but entrepreneurs must demonstrate product-market fit and a business model with potential for growth.
Venture capital equity funding explained - Paula Mariwala, Seed Fundtiemumbai
Know more about fund raising and the key parameters that an investors takes into consideration while investing his money and time into a business or entrepreneur as explained by Paula Mariwala - Partner Seed Fund
D2 Capital Partners: Capital Markets InternshipIan Nguyen
The document summarizes the D2C Capital Markets Internship Program. The 12-week intensive program provides extensive in-class training on technical skills and hands-on experience completing real assignments on complex capital market transactions. The goal is to immerse candidates in international capital markets and provide a foundation for success in capital markets careers.
The Vigo Programme is a new type of acceleration program in Finland designed to complement the existing innovation ecosystem. It selects independent accelerator companies to provide support, experience, and financing to high-potential Finnish startups. The key objectives are to help promising startups grow, ensure early funding, increase company value, and attract venture capital investments. Six respected accelerators were initially selected to work with over 40 startups. The program has seen nearly 60 million euros raised to date, with successful exits and hundreds of new jobs created after the first 20 months of operation.
Professional services firm focused on aiding and investing on startups. Okuri Ventures contributes to the development of businesses through:
Advisory, helping entrepreneurs and young companies with their strategic plan and implementation, usually through interim management and sweat equity.
Education, contributing to the potential of startups. We offer exclusive programs and aid materials through our collaboration with business schools in Spain.
Incubator, combining a consulting and educational package tailored for each startup with flexible infrastructure and support services at a very competitive price.
For further information please visit http://www.okuriventures.com or email us at info@okuri.es
AAL Investment Forum 2010 - How to attract investors to your AAL companyAALInvestmentForum2010
This document provides guidance on attracting investors to an early stage company. It discusses understanding the current investment environment, which favors companies generating revenue due to low risk capital availability. It recommends deciding on the type of financing sought, such as angel investors or venture capital. The process involves an initial screening, due diligence, and negotiation leading to potential funding. Top tips include differentiating your product/model, having the right committed team, selling your vision to investors early, and maintaining focus on sales over further development alone. Common pitfalls to avoid are unrealistic valuations and secrecy towards potential backers.
10 Year Anniversary Tocqueville Value Europefitzgeralddon
The long-only equity fund that we manage, Tocqueville Value Europe, celebrated its 10th Anniversary on April 1st.
Thanks to our approach to value investing we managed to comfortably outperform European equity markets and over 95% of comparable funds over the past decade with a lower than average volatility.
In fact, over the last decade the fund is ranked 2nd out of 67 funds in the general European equities category marketed in France.
We have always been transparent in our communications with investors. To this end, we have prepared the attached presentation to share with our clients.
It deals with our approach to value investing, the sources of the fund\’s out-performance and how we are managing the fund in the current environment.
Planning a Start-up? Our private equity investment PowerPoint presentation slide is just what you need. These equity-based crowdfunding PPT templates will fill the gap between the investors and your company. Download from here: https://www.slideteam.net/private-equity-investment-deck-powerpoint-presentation-slides.html
The document summarizes an investor presentation about gaming startups from the perspective of an associate at the venture capital firm dPixel. It discusses what venture capital is and dPixel's focus areas and portfolio. It also outlines what the associate looks for in gaming startups, including traction, user retention, a pipeline of new games, awareness of strengths and weaknesses, and a strong founding team.
Virtue Capital is an independent, FCA-regulated investment advisory firm based in London that assists institutional clients in Europe, the Middle East, and Asia. It provides access to structured and derivative multi-asset class investment solutions through its association with Societe Generale, as well as direct and alternative investment opportunities with an emphasis on real estate, hedge funds, private equity, and pre-IPO investments. Virtue Capital operates through two entities - Virtue Capital Solutions provides structured products and derivatives solutions through its partnership with Societe Generale, while Virtue Capital Partners connects clients to direct and alternative investments. The company aims to establish itself as a preferred provider of institutional investment opportunities and solutions.
This document provides an overview of venture capital. It defines venture capital as a means of equity financing for rapidly growing private companies. Venture capital firms invest funds professionally, often focusing on specific sectors like IT, biotechnology, or healthcare. They provide capital needed for startups, development, or expansion of companies. Venture capital involves high risk but can help innovative entrepreneurs and growing companies that are too small for public markets or bank loans. The document discusses venture capital stages, objectives, methods of financing, and exit strategies. It also outlines regulations for venture capital in India.
My presentation from the BVCA (British Venture Capital Association) conference talking about why we have seen the rise of the Micro VC. It's a natural outcome from a changing startup world.
Knowledge & technology transfer in public support programmesinosfera
CzechInvest supports foreign direct investment, local companies, and business development programs. It has approved over 1,798 projects since 1993, creating over 228,380 new jobs and $27.8 billion in total investment. CzechInvest works with government ministries and agencies to provide funding and incentives for research and development programs and technology transfer between public institutions and private enterprises. Key programs support industrial R&D, innovation, commercialization of new technologies, international cooperation, and development of startups and SMEs. EU structural funds for 2007-2013 also support these activities through operational programs managed by CzechInvest and other agencies.
Raising Business Angel Investment Insights for EntrepreneursESBANBusinessAngels
This document provides insights for entrepreneurs on raising business angel investment. It discusses the equity raising process, highlighting that building relationships with investors is important. The top three criteria investors assess are the management team, exit opportunity, and revenue potential. The document outlines the typical investment process and provides tips for entrepreneurs, such as understanding what investors find attractive and addressing the top criteria in all investor interactions. It emphasizes that investors ultimately want an attractive return on their investment through a realized exit.
This document provides insights for entrepreneurs on raising business angel investment. It discusses the equity raising process for startups, highlighting key tips such as building relationships with investors early, addressing the top investment criteria of management, exit potential and revenue potential, and creating a compelling executive summary and business plan. The document emphasizes that entrepreneurs should understand valuation and deal terms, have "skin in the game" through their own investment, and realize that raising external equity can accelerate company growth in a win-win scenario if investors receive an attractive return.
Funding Options for Technology startupsAmit Ranjan
This document summarizes various funding options for tech startups, including bootstrapping, private equity, debt, angel investors, and venture capital. It discusses the lifecycle of startups from ideation to growth and exit options. Specific funding trends covered are the increasing popularity of debt over equity, lower average investment amounts, and the proliferation of angel investors and incubation centers in India to support early-stage startups. YCombinator is highlighted as a pre-seed funding model that takes a small equity stake in exchange for a short program and initial support.
Dietmar Harhoff - UniMunich LMU - GSVA - Stanford Engineering - Feb 6 2012 - ...Burton Lee
The document provides information about innovation and entrepreneurship programs in Germany, including:
1) The LMU Entrepreneurship Center which supports startups through education, incubation, and community building. It has supported 49 startups and over 120 jobs in 4 years.
2) Research and innovation in Germany which is led by enterprises, universities, and public research organizations, but lags other countries in entrepreneurship and venture capital investment.
3) The German Silicon Valley Accelerator which is a new bridge program placing selected German tech startups in Silicon Valley for 3 months of mentoring and networking to help them expand internationally.
1. The document provides a report on strategies for securing funding for startups during lean economic times.
2. It analyzes opportunities and challenges such as investing in growth sectors, having scalable businesses, and the importance of management credentials.
3. Recommendations include focusing on sectors like IT, healthcare, and education, ensuring strong forecasting and scalability plans, and building a experienced management team to attract funding from sources like venture capitalists and angel investors.
6 thinking hats in change management #2Timothy Wooi
Six Thinking Hats is a simple, effective parallel thinking process that helps people be more productive, focused, and mindfully involved.
Day2
Leading & Managing Change
Leading Change with success
Workshop-Reflection
Six Hats in Innovation &
Creativity
Summary & debrief
The document summarizes Edward De Bono's book "Six Thinking Hats" which presents a method for group discussion and decision making. The method involves assigning a colored "thinking hat" to represent six different perspectives: white for objective facts, red for emotions, black for caution, yellow for optimism, green for creativity, and blue for organization. By switching between hats, groups can examine ideas from different angles to make better decisions. The hats help structure discussions, avoid bias, and allow for parallel thinking to fully explore all aspects of an issue.
This document provides an overview of a private equity masterclass on deal origination, execution, and portfolio management. It discusses industry analysis, financial modeling, leveraged buyouts, due diligence, deal structuring, and portfolio company management. Specifically, it covers topics like investment strategies, industry KPIs, valuation methods, private equity returns calculations, debt financing, commercial and legal due diligence, legal deal documents, and portfolio company board representation.
Show Me The Money London 2014 - Presentation by John Spindler Ceo of Capital ...TechMeetups
This document provides information for entrepreneurs seeking to raise seed investment in London. It discusses the importance of scaling startups to achieve success and the need for investment to enable scale. It outlines characteristics of scale-focused startups and the lean startup process. It also discusses proving business model fit through customer development and metrics. Sources of funding at different stages are listed, including the importance of tax breaks like SEIS. Finally, it provides tips for successful angel investing. The overall message is that investment can help startups scale fast to solve big problems, but entrepreneurs must demonstrate product-market fit and a business model with potential for growth.
Venture capital equity funding explained - Paula Mariwala, Seed Fundtiemumbai
Know more about fund raising and the key parameters that an investors takes into consideration while investing his money and time into a business or entrepreneur as explained by Paula Mariwala - Partner Seed Fund
D2 Capital Partners: Capital Markets InternshipIan Nguyen
The document summarizes the D2C Capital Markets Internship Program. The 12-week intensive program provides extensive in-class training on technical skills and hands-on experience completing real assignments on complex capital market transactions. The goal is to immerse candidates in international capital markets and provide a foundation for success in capital markets careers.
The Vigo Programme is a new type of acceleration program in Finland designed to complement the existing innovation ecosystem. It selects independent accelerator companies to provide support, experience, and financing to high-potential Finnish startups. The key objectives are to help promising startups grow, ensure early funding, increase company value, and attract venture capital investments. Six respected accelerators were initially selected to work with over 40 startups. The program has seen nearly 60 million euros raised to date, with successful exits and hundreds of new jobs created after the first 20 months of operation.
Professional services firm focused on aiding and investing on startups. Okuri Ventures contributes to the development of businesses through:
Advisory, helping entrepreneurs and young companies with their strategic plan and implementation, usually through interim management and sweat equity.
Education, contributing to the potential of startups. We offer exclusive programs and aid materials through our collaboration with business schools in Spain.
Incubator, combining a consulting and educational package tailored for each startup with flexible infrastructure and support services at a very competitive price.
For further information please visit http://www.okuriventures.com or email us at info@okuri.es
AAL Investment Forum 2010 - How to attract investors to your AAL companyAALInvestmentForum2010
This document provides guidance on attracting investors to an early stage company. It discusses understanding the current investment environment, which favors companies generating revenue due to low risk capital availability. It recommends deciding on the type of financing sought, such as angel investors or venture capital. The process involves an initial screening, due diligence, and negotiation leading to potential funding. Top tips include differentiating your product/model, having the right committed team, selling your vision to investors early, and maintaining focus on sales over further development alone. Common pitfalls to avoid are unrealistic valuations and secrecy towards potential backers.
10 Year Anniversary Tocqueville Value Europefitzgeralddon
The long-only equity fund that we manage, Tocqueville Value Europe, celebrated its 10th Anniversary on April 1st.
Thanks to our approach to value investing we managed to comfortably outperform European equity markets and over 95% of comparable funds over the past decade with a lower than average volatility.
In fact, over the last decade the fund is ranked 2nd out of 67 funds in the general European equities category marketed in France.
We have always been transparent in our communications with investors. To this end, we have prepared the attached presentation to share with our clients.
It deals with our approach to value investing, the sources of the fund\’s out-performance and how we are managing the fund in the current environment.
Planning a Start-up? Our private equity investment PowerPoint presentation slide is just what you need. These equity-based crowdfunding PPT templates will fill the gap between the investors and your company. Download from here: https://www.slideteam.net/private-equity-investment-deck-powerpoint-presentation-slides.html
The document summarizes an investor presentation about gaming startups from the perspective of an associate at the venture capital firm dPixel. It discusses what venture capital is and dPixel's focus areas and portfolio. It also outlines what the associate looks for in gaming startups, including traction, user retention, a pipeline of new games, awareness of strengths and weaknesses, and a strong founding team.
Virtue Capital is an independent, FCA-regulated investment advisory firm based in London that assists institutional clients in Europe, the Middle East, and Asia. It provides access to structured and derivative multi-asset class investment solutions through its association with Societe Generale, as well as direct and alternative investment opportunities with an emphasis on real estate, hedge funds, private equity, and pre-IPO investments. Virtue Capital operates through two entities - Virtue Capital Solutions provides structured products and derivatives solutions through its partnership with Societe Generale, while Virtue Capital Partners connects clients to direct and alternative investments. The company aims to establish itself as a preferred provider of institutional investment opportunities and solutions.
This document provides an overview of venture capital. It defines venture capital as a means of equity financing for rapidly growing private companies. Venture capital firms invest funds professionally, often focusing on specific sectors like IT, biotechnology, or healthcare. They provide capital needed for startups, development, or expansion of companies. Venture capital involves high risk but can help innovative entrepreneurs and growing companies that are too small for public markets or bank loans. The document discusses venture capital stages, objectives, methods of financing, and exit strategies. It also outlines regulations for venture capital in India.
My presentation from the BVCA (British Venture Capital Association) conference talking about why we have seen the rise of the Micro VC. It's a natural outcome from a changing startup world.
Knowledge & technology transfer in public support programmesinosfera
CzechInvest supports foreign direct investment, local companies, and business development programs. It has approved over 1,798 projects since 1993, creating over 228,380 new jobs and $27.8 billion in total investment. CzechInvest works with government ministries and agencies to provide funding and incentives for research and development programs and technology transfer between public institutions and private enterprises. Key programs support industrial R&D, innovation, commercialization of new technologies, international cooperation, and development of startups and SMEs. EU structural funds for 2007-2013 also support these activities through operational programs managed by CzechInvest and other agencies.
Raising Business Angel Investment Insights for EntrepreneursESBANBusinessAngels
This document provides insights for entrepreneurs on raising business angel investment. It discusses the equity raising process, highlighting that building relationships with investors is important. The top three criteria investors assess are the management team, exit opportunity, and revenue potential. The document outlines the typical investment process and provides tips for entrepreneurs, such as understanding what investors find attractive and addressing the top criteria in all investor interactions. It emphasizes that investors ultimately want an attractive return on their investment through a realized exit.
This document provides insights for entrepreneurs on raising business angel investment. It discusses the equity raising process for startups, highlighting key tips such as building relationships with investors early, addressing the top investment criteria of management, exit potential and revenue potential, and creating a compelling executive summary and business plan. The document emphasizes that entrepreneurs should understand valuation and deal terms, have "skin in the game" through their own investment, and realize that raising external equity can accelerate company growth in a win-win scenario if investors receive an attractive return.
Funding Options for Technology startupsAmit Ranjan
This document summarizes various funding options for tech startups, including bootstrapping, private equity, debt, angel investors, and venture capital. It discusses the lifecycle of startups from ideation to growth and exit options. Specific funding trends covered are the increasing popularity of debt over equity, lower average investment amounts, and the proliferation of angel investors and incubation centers in India to support early-stage startups. YCombinator is highlighted as a pre-seed funding model that takes a small equity stake in exchange for a short program and initial support.
Dietmar Harhoff - UniMunich LMU - GSVA - Stanford Engineering - Feb 6 2012 - ...Burton Lee
The document provides information about innovation and entrepreneurship programs in Germany, including:
1) The LMU Entrepreneurship Center which supports startups through education, incubation, and community building. It has supported 49 startups and over 120 jobs in 4 years.
2) Research and innovation in Germany which is led by enterprises, universities, and public research organizations, but lags other countries in entrepreneurship and venture capital investment.
3) The German Silicon Valley Accelerator which is a new bridge program placing selected German tech startups in Silicon Valley for 3 months of mentoring and networking to help them expand internationally.
1. The document provides a report on strategies for securing funding for startups during lean economic times.
2. It analyzes opportunities and challenges such as investing in growth sectors, having scalable businesses, and the importance of management credentials.
3. Recommendations include focusing on sectors like IT, healthcare, and education, ensuring strong forecasting and scalability plans, and building a experienced management team to attract funding from sources like venture capitalists and angel investors.
6 thinking hats in change management #2Timothy Wooi
Six Thinking Hats is a simple, effective parallel thinking process that helps people be more productive, focused, and mindfully involved.
Day2
Leading & Managing Change
Leading Change with success
Workshop-Reflection
Six Hats in Innovation &
Creativity
Summary & debrief
The document summarizes Edward De Bono's book "Six Thinking Hats" which presents a method for group discussion and decision making. The method involves assigning a colored "thinking hat" to represent six different perspectives: white for objective facts, red for emotions, black for caution, yellow for optimism, green for creativity, and blue for organization. By switching between hats, groups can examine ideas from different angles to make better decisions. The hats help structure discussions, avoid bias, and allow for parallel thinking to fully explore all aspects of an issue.
The document introduces Edward de Bono's method of parallel thinking using six colored thinking hats. Each hat represents a different perspective or thought process: white for objective facts, red for emotions, black for caution, yellow for benefits, green for creative ideas, and blue for organization and control. The six hats method structures group discussions to consider an issue from different angles in a set sequence, allowing for a more comprehensive analysis that incorporates logic, creativity, and feelings. Applying the hats helps remove ego and confrontation from problem solving so groups can effectively generate, evaluate, and implement solutions.
1. The document discusses various types of thinking including critical thinking, creative thinking, linear thinking, and random thinking.
2. It contrasts critical thinking and creative thinking, noting that critical thinking involves analysis and judgment while creative thinking is expansive, non-judgmental, and focuses on developing unique ideas.
3. The document presents models for thinking including the kayak with two paddles representing critical and creative thinking, and the six thinking hats method which categorizes different types of thinking into white, red, black, yellow, green, and blue hats.
The 6 Thinking Hats technique developed by Edward De Bono separates critical thinking into 6 colored "hats" representing different perspectives or modes of thinking. The main idea is for a group to consider a problem or topic while only "wearing" one hat's perspective at a time. The hats are White (facts), Red (emotions), Black (caution), Yellow (optimism), Green (creativity), and Blue (process). Various hat sequences can be used - for example, Yellow then Black to evaluate an idea by considering positives then negatives. The document provides examples of hat activities and thinking sequences to structure discussions and problem solving.
The document discusses the Six Thinking Hats technique created by Edward de Bono. The Six Thinking Hats technique uses six colored hats to represent six different perspectives or types of thinking. It identifies the six hats as white for objective facts, red for emotions, yellow for positive thinking, black for caution, green for creativity, and blue for control. The benefits of the technique include allowing different perspectives, focusing thinking, improving creativity, communication and decision making.
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.
This document provides an overview of venture capital. It defines venture capital as equity support that funds new business concepts with higher risk but also higher growth potential. The document outlines the typical stages of venture capital funding from seed money to bridge financing. It also describes the roles within a venture capital firm such as general partners and limited partners. Key features of venture capital investments are discussed like the long time horizon, lack of liquidity, high risk, and equity participation. Finally, the advantages of venture capital for the economy, investors, and entrepreneurs are summarized.
An Overview of Venture Capital in India by Dhanpal JhaveriStartupCentral
The document summarizes key topics relating to private capital and venture capital in India. It discusses the evolution of private capital in India from the 1980s onward. It provides data on historical venture capital deal value and volume in India, with 2011 being a record year. The top 5 venture capital deals of 2011 are listed. The rest of the document outlines various aspects of the venture capital process, including the pre-investment and post-investment phases, managing exits, tips for a successful partnership between entrepreneurs and investors, and challenges that can arise.
Venture capital is a form of private equity financing that provides capital to startup companies and small businesses with perceived long-term growth potential. It involves high risk for investors but also offers the possibility of high returns. Venture capital funding comes in stages from seed funding to help prove an idea, to multiple rounds of funding as the company grows. Venture capital firms are run by general partners who manage funds from limited partners and seek to invest in companies that will provide high returns over a long time horizon of 5-10 years. Venture capital funding is advantageous for entrepreneurs through providing financing, business expertise, networking opportunities and an exit strategy for the company.
The 5 ps to finding capital and attracting investors to your business AP DealFlow
The document discusses finding capital and attracting investors for businesses. It outlines the 5 Ps approach: Planning, Promotion, Placement, Presentation, and People. Planning involves writing a business plan to outline one's idea and financial projections. Promotion is about targeting the appropriate investors, like angels or venture capital. Promotion can be done through the APDealFlow platform, which allows adding media and pushing deals to agents and investors. Placement refers to closing deals, which involves negotiating terms sheets and agreements with investors. Presentation and networking with people are also important aspects of obtaining funding.
Effective Communication with Angel InvestorsRemound
Effective communication is critical for private equity relationships. The entrepreneur must understand the investor's criteria including how much money is needed, intended use of funds, expected return and timeline. The communication should achieve shared understanding and help people think in new ways to act effectively. An entrepreneur needs to know what stage of development they are in and who typically invests at that stage.
The document summarizes a BEN Networking event about raising finance in difficult times held on April 19th, 2012. It provides an agenda for the evening including speakers on the funding landscape, tax-efficient ways to access finance through programs like the Enterprise Investment Scheme and Venture Capital Trusts, and a discussion period. Upcoming BEN Networking events are also advertised on topics like technology startups, entrepreneurship, and an innovation showcase.
The Vigo Programme is a new type of acceleration program in Finland designed to complement the existing innovation ecosystem. It assigns independent accelerator companies to provide support, experience, and financing to high-potential Finnish startups. The key objectives are to help startups grow into successful companies, ensure early funding, increase company value, and attract venture capital investments. Selected accelerators invest both money and time into portfolio companies and play a strategic role in operations and development. Initial results show over 40 startups funded over 70 million euro, including international investments, and hundreds of new jobs created. The program aims to further strengthen deal flows, international networks, and early stage financing to make Helsinki a leading European accelerator hub.
Connect Midlands welcomed Mr Manuel Urquijo, Vice Minister of Spain and Mr Iñaki Beristain Extabe, Director of Economic Planning of the Basque Country to discuss supporting companies in getting ready for investment. The presentation provided background on Connect Midlands and how it operates to connect entrepreneurs to resources through various programs, workshops, and events. It has helped raise over €70 million for 65 companies. Connect Midlands also discussed plans to expand the Connect model across Europe through a three phase plan to create new organizations, share best practices, and maximize the benefits of a European network.
GB/ Consulting was founded in 2004 to provide management consulting services and help clients manage their companies. They have expertise in finance, organization, operations, and internationalization. They provide global vision, best practices, tools, and action-oriented professionals to promote change. Their solutions include business development, international strategy, finance, operations, and systems. They have a team of experienced directors from senior positions in various industries.
Slides from the Equity for SMEs event held on 22nd October 2014 at Francis Clark offices, Truro. Joint event with Francis Clark, Stephens Scown and Get Set for Growth.
I am uploading this for the beginners those who can watch and learn how to make an presentation
This can be also helpful for those who wants to know the concept of venture capital
Conventional Vs Modern Instruments Of Business FundingFranchiseExpo.in
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3. Your speakers today
• Dr ir Marc Lambrechts • Ir Patrick H. Polak (1965)
– research in microsystems and PhD on – TU Delft, Aerospace Engineering (1984-
biosensors at KU Leuven 1992)
– industrial R&D experience at Terumo – Founder, COO IT company (1991-1996)
Europe
– RTD programme management experience – VC Investment manager (1997-2000)
at IWT – VC: Managing Partner Newion Investments
– + 10 years experience as senior investment (2001-….)
manager in early stage venture capital – 18 Relevant Board seats since 1997
– technology fusion as special area of • Newion Investments Management
interest
– Founded in 2000
– board member Boondoggle, fluXXion,
Neosens, Leuven.Inc – Independent and partners-owned
• Capricorn Venture Partners – Benelux Focus; located in Heerenveen and
– founded in 1993 Eindhoven, The Netherlands
– independent and partners-owned – Investing from Newion Investments II and
– pan-European activity, located in Leuven, Private Plus Fund
Belgium
– hands-on, early stage & technology focus
– investing out of Capricorn Cleantech Fund
and Capricorn Health-tech Fund
2011-05-16 Insight the mind of a VC 3
6. Differences between
Private Equity and Venture Capital
Private Equity invests in private Venture Capital invests in fast
companies growing and ambitious
companies
The invested amounts will go to
the old shareholders and, in The invested amounts will be
invested in the company to
general, bank loans are involved accelerate growth.
for the acquisition finance.
The investors concentrate on
Loans will be repaid by the cash rapid market penetration and
flow of the company. increase of market share, and
The investors concentrate primarily acceleration of product
on maximizing of cash flow, and development.
strategy
7. Who is the client of a VC?
• Is it the Company where the VC wants to invest in?
• Is it the “Exit partner” where the VC wants to sell it’s shares
to? – Strategic, Financial, Stock Market?
• The client of a VC are its Shareholders: Banks, Institutional
Investors, Pension Funds, Informal Investors.
– For Investors, VC’s are just a part of their investment mix:
a asset class with a high risk – high reward.
• They invest in: Private Equity for LBO’s, stock markets,
Hedge Funds, VC’s…
8. The Venture Capital model
€
IP
knowledge €€€€
experience
+ €€€€
proof of concept
business plan €€€€
+
market €€€€
customers ..
entrepreneurs and team
(TTO)
investors
8 Insight the mind of a VC 2011-05-16
9. Tech VC’s prefer to invest in…
• Entrepreneurs and a team
• Technology as sustainable competitive advantage
– strong and clean intellectual property/capital
– proof of concepts exists and mode of action is
understood
• A business model we understand and like
• Growing and huge markets
• ‘Need to have’ proposals with ‘identified
customer pain’
• Focus combined with mutant potential
• Well funded and capital efficient companies
• Exit perspective @ 5 to 10 x multiple
9 Insight the mind of a VC 2011-05-16
10. Probability of Success
• Technical Success 60 %
• Commercial Success 50 %
• Economic Success 40 %
Overall Probability 12 %
10 Insight the mind of a VC 2011-05-16
11. ….can a VC make a living?
• Track record Fund level: extreme good Returns: Net IRR >
20%! – after all costs, failures, etc…
• That is why VC’s look for IRR’s of >40%/company!
• No track record, no next fund!
Source: Evca-Thompson study july 2009
Top Quarter Net IRR Venture Funds 10 year 5,5%
Venture Funds 10 year Net IRR -1,4%
Newion Investments Net IRR 2001-2010 22%
Newion Investments DPI 2001-2010 2,5
12. Organization of a VC
Limited Partner 1 Limited Partner 2 Limited Partner 3 Limited Partner n Fund Management
Advisory Board
Investment Committee/Board
Newion Investments
Newion Investments Management
Managing partners
Investment Directors
Investment managers
Company 1 Company 2 Company 3 Company n
Analysts
13. Lifecycle of a VC...
• In general, VC’s are “closed-end Funds”
– Meaning that they have to close their
fund after a certain time.
– 5 years investing, 5 years ‘managing’
• This influences the way you and the VC
work together!
– Early stage company in the last year
FUND I of investing for a VC??..... How long
can the VC support your growth and
New companies Support companies
needs?
FUND II
New companies Support companies
FUND III
New companies Support companies
14. Process within a VC
Introduction Research stage and Exit
Value creation stage
stage negotiations stage
Elevator Pitch, Business plan, execution Building team and company M&A
Exec summary plan, multiple Partnerships, financial advisors,
Business plan discussions, references, reporting, execution plans Analysts,
third parties third party analysts and Due
involvement, due exposure, M&A if needed Diligence
diligence Lawyers
NDA Termsheet Shareholders Financing Share Purchase
agreement rounds Agreement
Investment
Investment
manager, analyst
Manager, Investment director, analyst
and investment
Analyst
directors
Go/no go Team Go/no go Team + Board Go/no go Team + Board
15. Prepare yourself
• Think the whole process through, just like you sell your products and services:
Fund raising is a complex sales cycle
• Always make sure the information you provide is consistent during the whole
process
• Make sure you prepare all the necessary data
• Prepare your references
• Work with professional Advisors especially Lawyers and Tax advisors
• Choose the right VC partner: it is a business marriage (same type of companies in
their portfolio, industry knowledge, experiences – no first timers -, money in the
bank). In a syndicate: make sure all VC’s are aligned with the same expectations,
investment philosophy and “mid term visions”.
• Ask references from the VC’s
• Keep momentum all the time
– For a VC it is “killing” if the project is stalled for weeks because the entrepreneur has to
deliver something…
• 1 VC can ask 1000 stupid questions, more then 10 wise entrepreneurs can
answer….
16. Elevator Pitch Example
Hello Mr. Green,
My name is Georges Leclanché, CEO of CleanStore, a French company active
in utility-scale electricity storage. We solve the problem of intermittent power
generation of wind or solar farms and experience increasing market traction
from utilities and operators active in renewable energy.
Our solution consists of modular battery-based units for load balancing and
energy storage. In comparison with other systems on the market, we have
demonstrated a 10% higher efficiency at half of the investment cost (well
below € 200k/MWh) and with minimal operational cost. Our systems are
based on an innovative patented cell chemistry using cheap, safe and
abundant materials.
We plan to raise a € 5 million series B round by the end of the year and would
like to present to Empedocles Ventures our investment case. Are you
interested in receiving more information in preparation of a meeting?
16 Insight the mind of a VC 2011-05-16
17. Business plans…strategy without execution is hallucination
Business Plan Execution plan: What will you do within the next
• Team 8 quarters
• Vision • Product development and road map
• Business model • Marketing
• Products and solutions • Organization
• Intellectual Property (if any) and strategy • Roll out plan:
• Market and Market developments – Partner strategy (if any) and actions/timing
– Internationalization (if any) and
• Product developments actions/timing
• Competition • Analyst strategy
• Clients (and future clients…) • Sales and account plans
• Business cases for your clients
• Organization and structure (incl The Execution plan is updated every quarter: on
shareholders) which items have been done, not done, changed
• History etc, and how this influences the next 8 quarters.
• Financials (P&L, Balance sheets, Cash flow
forecasts)
• Sales and pipeline
• Use of proceeds Make sure that all this is done and written
before you approach a VC. And make sure it
is “ready for due diligence”.
Preparation is key for a smooth process
18. Why investments fail?
• Technology
– The technology being developed by a start-up may just plain not work.
– The technology works in the lab, but takes too long to scale up to a point where the
economics work.
– The technology works, but something better comes along.
• Market
– The dogs won't eat the dog food.
– Existing solutions may be "sticky" because of existing infrastructure.
– The hoped-for market never materializes within the investment timeframe.
• People
– Gaps in the management team skill set.
– Management teams that don't know how to use their Board.
– Investors who push for a more capital-intensive growth path.
Source : Rob Day www.greentechmedia.com/cleantech-investing/post/why-cleantech-
venture-investments-fail/
18 Insight the mind of a VC 2011-05-16
19. Choosing the business model
Leo Baekeland on the IP license business model
"I firmly intended to escape the recurrence of business occupations, as in my
Velox days. So I planned, instead of manufacturing myself, to grant licenses to
established manufacturing concerns, especially experienced in plastics.
But I soon was confronted with a repetition of my former experience with
Velox: that it was very difficult to teach new methods to men who had
acquired routine in older processes. The preparation of the new resinoid and
its molding compositions, which to me seemed very simple, appeared either
very difficult or needlessly complicated to others.
Reluctantly I had to start manufacturing the raw materials in a sufficiently
advanced stage so that the users had only to complete the operation of
molding and polymerization.“
See also ”The Baekeland story - Lessons for today’s ventures in new materials”
http://be.linkedin.com/in/marclambrechts
Insight the mind of a VC 2011-05-16
19
20. Team formation
• Get business & entrepreneurial experience in the team
• Do not force researchers in a CEO role
• Build multidisciplinary teams (not all engineers!)
• International exposure and language skills
• Humans are not scalable
• Do not expect the same salary and goodies as in a corporate environment
• Key persons that you have to pay more as the founders?
• No function in a start-up company is forever
• Keep you friends as friends
• And keep your Cap Table clean…
• Foresee “good leaver – bad leaver” conditions in shareholders agreement
and stock option plans
20 Insight the mind of a VC 2011-05-16
21. ….Some lies….
• …Told by Entrepreneurs: • …Told by VC’s:
– The market is $2.5 billion – Our money is different!
today going to $ 7.5 – There is no need for
billion in 2014! signing a NDA! No one in
– BMW, GE and Phillips the industry does!
have selected our – We can recruit a team of
products. first- class of directors
– Cisco wants to become a – I will become your board
strategic partner member and will be your
full time advisor
22. Conclusion
“Strategy without Execution is Hallucination“ (Steve Ballmer CEO Microsoft)
Do not try to build castles in the sky…VC’s are still very cautious and
“there is no such thing as a free lunch”.
Choose the right partners!
It is a business marriage…
There is no “success guaranteed” recipe!
Prepare! Prepare!! Prepare!!!
Stay focused, have fun!
23. For further reading
• http://www.bva.be
• http://www.bvca.co.uk
• http://www.evca.eu
• http://www.brownrudnick.com/nr/request.asp?ID=3 (legal terms)
• http://www.mit100k.org
• http://entrepreneurship.mit.edu/15975/index.php
• http://www.enterprise.cam.ac.uk/uploads/File/BuildingBusiness/StartingA
TechnologyCompany.pdf
• http://www.openinnovation.eu
• http://www.venturebeat.com (silicon valley blog)
• http://www.redherring.com
• http://www.tornado-insider.com
• http://www.cleantech.com
23 Insight the mind of a VC 2011-05-16
24. For more information
Capricorn Venture Partners Newion Investments Management
Dr ir Marc Lambrechts ir Patrick Polak
Marc at capricorn dot be Polak at newion-investments dot com
Lei 19/1, B-3000 Businesspark Friesland West 27b 8466 SL
Leuven, Belgium Nijehaske, The Netherlands
Tel. +32 16 28.41.00 Tel: +31513640633
www.capricorn.be www.newion-investments.com
http://creativecommons.org/licenses/by-nc-sa/3.0/
2011-05-16 Insight the mind of a VC 24
25. Capricorn’s investment strategy
Companies meeting the following criteria:
Geography core activities in the heart of Europe and co-investments
in other areas alongside strong and return-driven local VC
partners
Financial instruments equity investments resulting in a significant minority stake
Technology stage minimum requirement: a proof of concept exists and the
mode of action is understood; with a strong preference
for defendable intellectual property
Company stage € 0.5 to 5 M initial investment in the first and second VC
rounds; reserve for follow-on investments
Exit perspective activities applicable to a growing market segment with an
exit window of 3 to 7 years after initial investment
25 Insight the mind of a VC 2011-05-16
26. Newion’s investment strategy
Companies meeting the following criteria:
Geography core activities in the Benelux-investments and in other areas
alongside strong and return-driven local VC partners as long as
there is a strong Benelux ‘angle’
Financial instruments equity investments resulting in a significant minority stake
(minimum 20%)
Company stage minimum requirement: First revenues, business model shows
traction. Market validation is there. Intellectual property is there
Technology focus Business to Business Software, innovation is an existing market
Company stage € 0.5 to € 2 mln initial investment in the first and second VC
rounds; reserve for follow-on investments up to max € 4 mln
Exit perspective activities applicable to a growing market segment with an exit
window of 3 to 7 years after initial investment
26 Insight the mind of a VC 2011-05-16