AlphaTech Ventures is seeking to raise $75 million for its seed stage venture capital fund. The seed funding landscape has expanded significantly in recent years with the rise of accelerators and incubators. AlphaTech differentiates itself through its connections to O'Reilly Network, focus on specific investment themes, disciplined investment process, and ability to work with highly referenceable founders. It plans to address the ongoing funding gap between seed and growth stages. The fund has significantly outperformed projections with strong returns for its first fund and high multiples for its second.

1. AlphaTech Ventures
Target: $75M

2. Seed Funding Landscape
Then Now
 $250k to $1M Seed Rounds  Up to $3M Party Rounds
 Y Combinator and Techstars  100+ Accelerators and
 Priced Rounds Incubators
 10-12 Seed Stage Funds  Convertible Notes
 Everyone
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3. OATV Differentiators
Then Now
 O’Reilly Network  O’Reilly Network
 Investment Themes  Investment Themes
 Funding Strategy  Funding Strategy
 Thought Leadership
 Investment Discipline
 Highly Referenceable Founders
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4. Market Dynamics
Then Now
 Funding Gap Between Angels  Funding Gap Between Seed
and VCs and Growth
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5. OATV Investment Strategy
Then Now
 Invest $500k to $1M Seed  Invest $500k to $2M Seed and
Rounds Seed+ Rounds
 Lead or Co-Lead Rounds up to  Lead or Co-Lead Rounds up to
$2M $3M
 Participate in Series B and C  Participate in Series B and C
Rounds Rounds
 Opportunistically Participate in  Opportunistically Participate in
Traditional Series A Rounds Traditional Series A Rounds
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6. OATV Investment Themes
Then Now
 Quantified Self  Quantified Self Pro
 Internet Subsystems  Maker Pro
 Smart Networks of Things  Hacking Education
 Manipulation and Visualization  Hidden Economies
of Big Data  Operations as Competitive
 Sustainability Advantage
 Maker Movement  A Router in Every Pocket
 The Internet Operating System
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7. OATV Fund Returns
Then Now (audited 12/31/11)
 Solid Gross IRR  Fund I
 Negative Net IRR  Like Woah Net IRR
 Um, Wow Gross Multiple
 R U Kidding?!? Net Multiple
 Fund II
 Really? Net IRR
 Is That Possible? Multiple
 Nice Net Multiple
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8. OATV Fund I Projected Return
Then Now
 Downside  Beating Base Projected Net
Multiple
 Base
 Upside
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9. Team
Then Now
 Mark Jacobsen  Mark Jacobsen
 Bryce Roberts  Bryce Roberts
 Tim O’Reilly  Tim O’Reilly
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