This document provides an overview for entrepreneurs on raising a first round of capital from venture capitalists (VCs). It discusses why entrepreneurs may want to raise money from VCs due to their experience, networks, and ability to provide follow-on funding. The document outlines what VCs look for in investments and the due diligence process. It provides tips for entrepreneurs in preparing their pitch and presentation, including focusing on the team, market opportunity, and business model. The document also discusses term sheets, expectations, and typical valuation ranges for seed, Series A, and Series B rounds.
How to Raise Your First Round of Capital - January 2020Jeffrey Bussgang
A step by step guide to raising your first round of capital -- from angels or venture capitalists (VCs) -- from a VC veteran and Harvard Business School (HBS) professor
Tips and techniques for raising your first round of financing from entrepreneur turned VC Jeff Bussgang of Flybridge Capital and Harvard Business School.
How to achieve product-market fit by running the experiments that matter most and building the right organization to run those experiments effectively.
A presentation reviewing the series of techniques and experiments that founders / entrepreneurs can pursue in the quest for acheiving product-market fit.
How to Raise Your First Round of Capital - January 2020Jeffrey Bussgang
A step by step guide to raising your first round of capital -- from angels or venture capitalists (VCs) -- from a VC veteran and Harvard Business School (HBS) professor
Tips and techniques for raising your first round of financing from entrepreneur turned VC Jeff Bussgang of Flybridge Capital and Harvard Business School.
How to achieve product-market fit by running the experiments that matter most and building the right organization to run those experiments effectively.
A presentation reviewing the series of techniques and experiments that founders / entrepreneurs can pursue in the quest for acheiving product-market fit.
A primer for founders on how to raise that first round of venture capital from Harvard Business School professor and Flybridge general partner Jeff Bussgang
10 Common Assumptions Entrepreneurs Make That Kill Their Ventures: De-Risking...Steve Barsh
Steve Barsh, a partner in DreamIt Ventures in Philadelphia, will be giving a very fast-paced, information-packed talk at IDC on 30 December. Steve will speak about the very common mistakes he sees many entrepreneurs make regarding assumptions in their business models, not realizing they are making assumptions, how those assumptions are often deadly, and most importantly, how to de-risk those assumptions in a very quick and capital-efficient manner.
If you are building out a business plan for a new venture, expanding an existing company, creating a new product, or meeting with VC investors to pitch for funding, this will be a presentation you won’t want to miss.
As well, Steve will be speaking briefly about DreamIt Ventures. DreamIt will once again be providing 12 teams with up to $30,000 in funding and will have the companies relocate for June – August 2009 to Philadelphia. During the 3 month program the teams will receive the DreamIt funding as well as: an experienced 1 on 1 mentor; office space with furniture and Internet connectivity; legal and accounting services from some of the best firms in Philadelphia; a weekly speaker series where expert speakers cover tricks and traps in marketing, technology, product development, software architecture, venture capital, etc.; and all of the software that Microsoft offers.
Steve’s talk will last for approximately 45 minutes with 15 minutes of Q&A.
Steve is a serial entrepreneur who has worked in high tech businesses for over 20 years. As well, Steve teaches part time in the Wharton MBA program, is a partner in DreamIt Ventures, and provides high-impact consulting and advisory work to help CEO’s build and expand great companies. To learn more about Steve click here. To learn more about DreamIt Ventures, click here.
Landmines for Entrepreneurs with Olivier Wenker, MD, MBA, DEAAPlatform Houston
About Dr. Olivier Wenker
Since 2001, Dr. Wenker is M. D. Anderson Cancer Center's Director of Technology Discovery. In this function, he has created a novel support mechanism for clinical and research faculty. The fund he manages created within a few years a multiple of 4 on value creation for the institution. Dr. Wenker also teaches entrepreneurship classes in collaboration with The University of Texas System.
Dr. Wenker started his career as an anesthesiologist in 1985. He is triple European board certified in anesthesiology, critical care medicine and emergency/disaster medicine and holds the title Professor of Anesthesiology. Dr. Wenker served many years as emergency/trauma physician on board rescue helicopters, ICU airplanes, ambulances, and emergency physician vehicles. He worked as a trauma field physician, rescue diver, disaster medicine triage and lead physician, and served many years as chief of a medical team for special police forces. He was involved in over 700 rescue missions. In 2004, Dr. Wenker earned a Master of Business Administration degree from the Jones Graduate School for Management at Rice University in Houston, Texas, receiving the prestigious Jones Award for Academic Excellence.
Dr. Wenker's special interests involve electronic publishing and the use of digital information for education. In 1996, he founded "Internet Scientific Publications, LLC." This online platform became the world's largest electronic medical publishing house. Approximately 15,000 daily readers enjoy the free medical content offered by the site. Dr. Wenker created and launched 64 online journals in the past nine years. He assembled over 1,000 international editors and reviewers and closely collaborates with over 60 editors-in-chief. For two consecutive years he won the esteemed ASA (American Society of Anesthesiologists) "Exceptional Merit for Outstanding Education in Anesthesia Award." In addition, he won over 20 awards for his online journals. Most recently he received the Golden Web Award presented by the International Association of Webmasters and Designers.
Babson & Brandeis - Fundraising 101: How to raise a seed roundDavid Chang
Brandeis Innovation Speaker Series: Overview of tech/startup fundraising basics, some how-to tactics on raising a seed round, and general pitch tips/lessons learned for entrepreneurs who are current students and recent grads.
Startup financial modeling class - general assembly sf -- septemer 27VentureArchetypes LLC
Financial modeling for startups workshop given at General Assembly class in San Francisco by Nathan Beckord, CFA, Founder of www.VentureArchetypes.com. Part of a 3-part series on raising startup capital.
Jenny will demystify the funding process by discussing how much to raise and from whom. She will also speak about how best to tell your story to VCs, among other tips.
Q&A will be taken throughout the presentation.
Accessing Silicon Valley: A Primer for the Israeli EntrepreneurGil Ben-Artzy
When should you visit the US with your startup? How do you make your visit worthwhile and begin to gain momentum? When and how should you fundraise in the US? We’ll discuss what you need to think about when answering these questions, as well as best practices and common pitfalls. Some of the topics that will be covered include:
- Best timing to access the US (product mock-up stage, post-launch, etc)
- Fundraising best practices, differences from Israel
- Cultural nuances and why you it really matters
- East Coast vs. West Coast considerations
Basics on the startup process, raising capital, and thinking about valuation, especially for first-time entrepreneurs. Read my article at VentureBeat for details on this slide deck:
http://venturebeat.com/2016/09/05/startup-fundraising-101-revisited/
Dossier Seminario Internacional de Estrategia de Comunicación DigitalLisandro Caravaca
Dossier Seminario Internacional de Estrategia de Comunicación Digital. Tendrá una modalidad presencial y otra online. Se organiza desde Valladolid los días 1, 3 y 8 de julio de 2014. Más información: http://eduskopia.com/estrategiadigitalvll/
Muchas veces en nuestra profesión se nos pide solucionar problemas con pocos recursos, en extremadamente poco tiempo y se espera que presentemos soluciones brillantes que no sólo funcionen, sino que también dejen impresionados tanto a jefes como a nuestros clientes y/o usuarios. En esta colección de anécdotas, tanto propias como ajenas, discutiremos que muchas veces llegar a la conclusión de que un problema es imposible de resolver, es que se ha intentado resolver el problema equivocado.
A primer for founders on how to raise that first round of venture capital from Harvard Business School professor and Flybridge general partner Jeff Bussgang
10 Common Assumptions Entrepreneurs Make That Kill Their Ventures: De-Risking...Steve Barsh
Steve Barsh, a partner in DreamIt Ventures in Philadelphia, will be giving a very fast-paced, information-packed talk at IDC on 30 December. Steve will speak about the very common mistakes he sees many entrepreneurs make regarding assumptions in their business models, not realizing they are making assumptions, how those assumptions are often deadly, and most importantly, how to de-risk those assumptions in a very quick and capital-efficient manner.
If you are building out a business plan for a new venture, expanding an existing company, creating a new product, or meeting with VC investors to pitch for funding, this will be a presentation you won’t want to miss.
As well, Steve will be speaking briefly about DreamIt Ventures. DreamIt will once again be providing 12 teams with up to $30,000 in funding and will have the companies relocate for June – August 2009 to Philadelphia. During the 3 month program the teams will receive the DreamIt funding as well as: an experienced 1 on 1 mentor; office space with furniture and Internet connectivity; legal and accounting services from some of the best firms in Philadelphia; a weekly speaker series where expert speakers cover tricks and traps in marketing, technology, product development, software architecture, venture capital, etc.; and all of the software that Microsoft offers.
Steve’s talk will last for approximately 45 minutes with 15 minutes of Q&A.
Steve is a serial entrepreneur who has worked in high tech businesses for over 20 years. As well, Steve teaches part time in the Wharton MBA program, is a partner in DreamIt Ventures, and provides high-impact consulting and advisory work to help CEO’s build and expand great companies. To learn more about Steve click here. To learn more about DreamIt Ventures, click here.
Landmines for Entrepreneurs with Olivier Wenker, MD, MBA, DEAAPlatform Houston
About Dr. Olivier Wenker
Since 2001, Dr. Wenker is M. D. Anderson Cancer Center's Director of Technology Discovery. In this function, he has created a novel support mechanism for clinical and research faculty. The fund he manages created within a few years a multiple of 4 on value creation for the institution. Dr. Wenker also teaches entrepreneurship classes in collaboration with The University of Texas System.
Dr. Wenker started his career as an anesthesiologist in 1985. He is triple European board certified in anesthesiology, critical care medicine and emergency/disaster medicine and holds the title Professor of Anesthesiology. Dr. Wenker served many years as emergency/trauma physician on board rescue helicopters, ICU airplanes, ambulances, and emergency physician vehicles. He worked as a trauma field physician, rescue diver, disaster medicine triage and lead physician, and served many years as chief of a medical team for special police forces. He was involved in over 700 rescue missions. In 2004, Dr. Wenker earned a Master of Business Administration degree from the Jones Graduate School for Management at Rice University in Houston, Texas, receiving the prestigious Jones Award for Academic Excellence.
Dr. Wenker's special interests involve electronic publishing and the use of digital information for education. In 1996, he founded "Internet Scientific Publications, LLC." This online platform became the world's largest electronic medical publishing house. Approximately 15,000 daily readers enjoy the free medical content offered by the site. Dr. Wenker created and launched 64 online journals in the past nine years. He assembled over 1,000 international editors and reviewers and closely collaborates with over 60 editors-in-chief. For two consecutive years he won the esteemed ASA (American Society of Anesthesiologists) "Exceptional Merit for Outstanding Education in Anesthesia Award." In addition, he won over 20 awards for his online journals. Most recently he received the Golden Web Award presented by the International Association of Webmasters and Designers.
Babson & Brandeis - Fundraising 101: How to raise a seed roundDavid Chang
Brandeis Innovation Speaker Series: Overview of tech/startup fundraising basics, some how-to tactics on raising a seed round, and general pitch tips/lessons learned for entrepreneurs who are current students and recent grads.
Startup financial modeling class - general assembly sf -- septemer 27VentureArchetypes LLC
Financial modeling for startups workshop given at General Assembly class in San Francisco by Nathan Beckord, CFA, Founder of www.VentureArchetypes.com. Part of a 3-part series on raising startup capital.
Jenny will demystify the funding process by discussing how much to raise and from whom. She will also speak about how best to tell your story to VCs, among other tips.
Q&A will be taken throughout the presentation.
Accessing Silicon Valley: A Primer for the Israeli EntrepreneurGil Ben-Artzy
When should you visit the US with your startup? How do you make your visit worthwhile and begin to gain momentum? When and how should you fundraise in the US? We’ll discuss what you need to think about when answering these questions, as well as best practices and common pitfalls. Some of the topics that will be covered include:
- Best timing to access the US (product mock-up stage, post-launch, etc)
- Fundraising best practices, differences from Israel
- Cultural nuances and why you it really matters
- East Coast vs. West Coast considerations
Basics on the startup process, raising capital, and thinking about valuation, especially for first-time entrepreneurs. Read my article at VentureBeat for details on this slide deck:
http://venturebeat.com/2016/09/05/startup-fundraising-101-revisited/
Dossier Seminario Internacional de Estrategia de Comunicación DigitalLisandro Caravaca
Dossier Seminario Internacional de Estrategia de Comunicación Digital. Tendrá una modalidad presencial y otra online. Se organiza desde Valladolid los días 1, 3 y 8 de julio de 2014. Más información: http://eduskopia.com/estrategiadigitalvll/
Muchas veces en nuestra profesión se nos pide solucionar problemas con pocos recursos, en extremadamente poco tiempo y se espera que presentemos soluciones brillantes que no sólo funcionen, sino que también dejen impresionados tanto a jefes como a nuestros clientes y/o usuarios. En esta colección de anécdotas, tanto propias como ajenas, discutiremos que muchas veces llegar a la conclusión de que un problema es imposible de resolver, es que se ha intentado resolver el problema equivocado.
Cursos - Liderazgo y Dirección de Personas con Paco Muro
Fechas
1ª Sesión: Jueves, 18 septiembre
2ª Sesión: Jueves, 9 octubre
3ª Sesión: Jueves, 30 octubre
4ª Sesión: Jueves, 20 noviembre
5ª Sesión: Jueves, 11 diciembre
Presentación de objetivos:
El Programa Executive OW-APD capacita a los directivos para que logren liderar y dirigir mejor mediante un método de transformación y perfeccionamiento de comportamientos profesionales contrastado.
El Programa está diseñado para lograr que los profesionales con funciones que impliquen mando directo sobre equipos realicen su cometido de forma más eficaz, y movilicen mejor a los demás mediante la calidad de su trato y su comportamiento profesional. En definitiva, para que se gestionen mejor a sí mismos para así movilizar e influir mejor a sus equipos.
Destinatarios:
Dirigido a todos aquellos que deseen consolidar y mejorar de forma tangible en el área de DIRIGIR a las PERSONAS que conforman sus equipos.
? Directivas/os (Comités de Dirección, Directores de Unidades de Negocio, Directores de Área/Departamento) de empresas medianas y grandes (de más de 100 empleados), con experiencia mínima de 3 años dirigiendo personas y en funciones de dirección que impliquen mínimo de 5 colaboradores directos a su cargo.
Proceso de admisión
Este Programa Executive requiere un proceso de admisión, por lo que los datos solicitados serán a efectos de preinscripción.
APD se pondrá en contacto con el participante con el fin de garantizar la homogeneidad en el nivel del grupo y lograr el óptimo desarrollo del mismo.
La asistencia al Programa está limitada a 12 participantes.
Sistema de trabajo:
Es una de las piedras angulares de este Programa. Se basa en la puesta en práctica de los conceptos de forma consciente, provocando el cambio real de comportamientos y la adquisición de nuevos hábitos, de forma que se recogen frutos incluso antes de que acabe el ciclo, aspecto que refuerza la eficacia de esta acción de alto impacto.
Es un método de TRANSFORMACIÓN y DESARROLLO DE COMPORTAMIENTOS.
- 5 sesiones presenciales
- a lo largo de 100 días de Experiencia Práctica Consciente (EPC®)
Cuándo: jueves, 18 de septiembre de 2014
Hasta: jueves, 11 de diciembre de 2014
Hora: de 9:00 a 18:30 h
Dónde: Oficinas APD Zona Centro Pl.1º, Salón Wifi
Madrid
Si está interesado en inscribirse a este
Seminario, hágalo a través de nuestra
página web: www.apd.es
KEY CONCEPT
Many organizations struggle to keep up because their culture, mindset and processes are designed for a Complicated domain (in Cynefin terms), whereas Agile is Business in Complexity.
ABSTRACT
How is it like for a manager to work in an environment where knowing the past will hardly help foresee the future? An environment where unpredictability and change are, in fact, the only constant? And how does this affect -- and is affected by -- the kind of intellectual work that is the true asset many organizations have, these days, to generate value?
In this talk we'll see how living and operating in the 21st century calls for a whole new set of skills for managers and how, most relevantly, calls for a mindset that's slightly different from the one we got used to in past decades.
We'll talk about the connection between mindset, complexity and agility; and you'll get some practical advice that can help you operate better in these domains.
Latest News from ZTE, ZTE AXON Elite: Flagship Redefined, Stunning Smartphone Accessories, Get the Most out of Your Space,
How to Control Bezel-Free Phones?
Highlights from Milan Design Week 2015
Welcome to Expert Topic, a new feature for International Aquafeed. Each issue will take an in-depth look at a particular species and how it's feed is managed.
An insider look of a venture capital fund. What it takes to successfully raise funds Knowledge learned over years of working for one of the top tier VC funds
Inside The Mind Of The Venture Capitalist: An Introduction to Venture CapitalJ. Skyler Fernandes
The was the first is a series of presentations by Inside the Mind of The Venture Capitalist, presenting the basic foundations of Venture Capital and what Venture Capitalists look for in companies.
a presentation I made at Jacksonville State University's "The Alabama Conference for Inventors"... some content blatantly lifted from other great presentations
Raising your first $1mm to $5mm a view from both sides of the tableStartupWeekDallas
Presentation at Dallas Startup Week from Lee Blaylock, Founder and CEO, Who@
Lee Blaylock, a former Oracle exec and current serial entrepreneur and investor, offered up a multitude of advice for founders on Tuesday at Dallas Startup Week.
First, the Who@ founder started with his definition of entrepreneurship.
dallasstartupweek“It’s the undertaking of a business enterprise with a complete, total, utter lack of respect of the resources you currently control,” Blaylock said.
Blaylock listed a bevy of investing lingo that every entrepreneur should understand when trying to raise that first $1 million to $5 million. Among them:
- Fiduciary
- Traction
- Term Sheet
- Debt
- Equity
- Warrants
- Option Pool / Vesting / Cliff
- Capitalization Table
- Accredited Investor
- Due Diligence
- LTV / CaC
- Burn Rate
- Fume Date
- Making money and good investments concept
He then offered a “6 Things Before You Pitch” guide.
Product Market Fit Presentation - May 2023 - Jeff BussgangJeffrey Bussgang
A systematic walk through of the journey to achieve product market fit by Jeff Bussgang, general partner at Flybridge Capital Partners and senior lecturer at Harvard Business School
A brief review of the Boston startup ecosystem from the perspective of Jeff Bussgang of Flybridge and HBS, a former entrepreneur turned VC / Harvard faculty member.
A presentation on the search for product-market fit at the Harvard Business School Black Tech Masters Series by venture capitalist and entrepreneurship faculty professor Jeff Bussgang
The Community Playbook for Founders (from Flybridge)Jeffrey Bussgang
Now more than ever, community can be a competitive advantage for savvy founders. This presentation deconstructs how to get the most out of your community.
Lecture slide titled Fraud Risk Mitigation, Webinar Lecture Delivered at the Society for West African Internal Audit Practitioners (SWAIAP) on Wednesday, November 8, 2023.
how to swap pi coins to foreign currency withdrawable.DOT TECH
As of my last update, Pi is still in the testing phase and is not tradable on any exchanges.
However, Pi Network has announced plans to launch its Testnet and Mainnet in the future, which may include listing Pi on exchanges.
The current method for selling pi coins involves exchanging them with a pi vendor who purchases pi coins for investment reasons.
If you want to sell your pi coins, reach out to a pi vendor and sell them to anyone looking to sell pi coins from any country around the globe.
Below is the contact information for my personal pi vendor.
Telegram: @Pi_vendor_247
Abhay Bhutada Leads Poonawalla Fincorp To Record Low NPA And Unprecedented Gr...Vighnesh Shashtri
Under the leadership of Abhay Bhutada, Poonawalla Fincorp has achieved record-low Non-Performing Assets (NPA) and witnessed unprecedented growth. Bhutada's strategic vision and effective management have significantly enhanced the company's financial health, showcasing a robust performance in the financial sector. This achievement underscores the company's resilience and ability to thrive in a competitive market, setting a new benchmark for operational excellence in the industry.
US Economic Outlook - Being Decided - M Capital Group August 2021.pdfpchutichetpong
The U.S. economy is continuing its impressive recovery from the COVID-19 pandemic and not slowing down despite re-occurring bumps. The U.S. savings rate reached its highest ever recorded level at 34% in April 2020 and Americans seem ready to spend. The sectors that had been hurt the most by the pandemic specifically reduced consumer spending, like retail, leisure, hospitality, and travel, are now experiencing massive growth in revenue and job openings.
Could this growth lead to a “Roaring Twenties”? As quickly as the U.S. economy contracted, experiencing a 9.1% drop in economic output relative to the business cycle in Q2 2020, the largest in recorded history, it has rebounded beyond expectations. This surprising growth seems to be fueled by the U.S. government’s aggressive fiscal and monetary policies, and an increase in consumer spending as mobility restrictions are lifted. Unemployment rates between June 2020 and June 2021 decreased by 5.2%, while the demand for labor is increasing, coupled with increasing wages to incentivize Americans to rejoin the labor force. Schools and businesses are expected to fully reopen soon. In parallel, vaccination rates across the country and the world continue to rise, with full vaccination rates of 50% and 14.8% respectively.
However, it is not completely smooth sailing from here. According to M Capital Group, the main risks that threaten the continued growth of the U.S. economy are inflation, unsettled trade relations, and another wave of Covid-19 mutations that could shut down the world again. Have we learned from the past year of COVID-19 and adapted our economy accordingly?
“In order for the U.S. economy to continue growing, whether there is another wave or not, the U.S. needs to focus on diversifying supply chains, supporting business investment, and maintaining consumer spending,” says Grace Feeley, a research analyst at M Capital Group.
While the economic indicators are positive, the risks are coming closer to manifesting and threatening such growth. The new variants spreading throughout the world, Delta, Lambda, and Gamma, are vaccine-resistant and muddy the predictions made about the economy and health of the country. These variants bring back the feeling of uncertainty that has wreaked havoc not only on the stock market but the mindset of people around the world. MCG provides unique insight on how to mitigate these risks to possibly ensure a bright economic future.
Turin Startup Ecosystem 2024 - Ricerca sulle Startup e il Sistema dell'Innov...Quotidiano Piemontese
Turin Startup Ecosystem 2024
Una ricerca de il Club degli Investitori, in collaborazione con ToTeM Torino Tech Map e con il supporto della ESCP Business School e di Growth Capital
BYD SWOT Analysis and In-Depth Insights 2024.pptxmikemetalprod
Indepth analysis of the BYD 2024
BYD (Build Your Dreams) is a Chinese automaker and battery manufacturer that has snowballed over the past two decades to become a significant player in electric vehicles and global clean energy technology.
This SWOT analysis examines BYD's strengths, weaknesses, opportunities, and threats as it competes in the fast-changing automotive and energy storage industries.
Founded in 1995 and headquartered in Shenzhen, BYD started as a battery company before expanding into automobiles in the early 2000s.
Initially manufacturing gasoline-powered vehicles, BYD focused on plug-in hybrid and fully electric vehicles, leveraging its expertise in battery technology.
Today, BYD is the world’s largest electric vehicle manufacturer, delivering over 1.2 million electric cars globally. The company also produces electric buses, trucks, forklifts, and rail transit.
On the energy side, BYD is a major supplier of rechargeable batteries for cell phones, laptops, electric vehicles, and energy storage systems.
What price will pi network be listed on exchangesDOT TECH
The rate at which pi will be listed is practically unknown. But due to speculations surrounding it the predicted rate is tends to be from 30$ — 50$.
So if you are interested in selling your pi network coins at a high rate tho. Or you can't wait till the mainnet launch in 2026. You can easily trade your pi coins with a merchant.
A merchant is someone who buys pi coins from miners and resell them to Investors looking forward to hold massive quantities till mainnet launch.
I will leave the telegram contact of my personal pi vendor to trade with.
@Pi_vendor_247
how to sell pi coins in South Korea profitably.DOT TECH
Yes. You can sell your pi network coins in South Korea or any other country, by finding a verified pi merchant
What is a verified pi merchant?
Since pi network is not launched yet on any exchange, the only way you can sell pi coins is by selling to a verified pi merchant, and this is because pi network is not launched yet on any exchange and no pre-sale or ico offerings Is done on pi.
Since there is no pre-sale, the only way exchanges can get pi is by buying from miners. So a pi merchant facilitates these transactions by acting as a bridge for both transactions.
How can i find a pi vendor/merchant?
Well for those who haven't traded with a pi merchant or who don't already have one. I will leave the telegram id of my personal pi merchant who i trade pi with.
Tele gram: @Pi_vendor_247
#pi #sell #nigeria #pinetwork #picoins #sellpi #Nigerian #tradepi #pinetworkcoins #sellmypi
How to get verified on Coinbase Account?_.docxBuy bitget
t's important to note that buying verified Coinbase accounts is not recommended and may violate Coinbase's terms of service. Instead of searching to "buy verified Coinbase accounts," follow the proper steps to verify your own account to ensure compliance and security.
1. Elemental Economics - Introduction to mining.pdfNeal Brewster
After this first you should: Understand the nature of mining; have an awareness of the industry’s boundaries, corporate structure and size; appreciation the complex motivations and objectives of the industries’ various participants; know how mineral reserves are defined and estimated, and how they evolve over time.
What website can I sell pi coins securely.DOT TECH
Currently there are no website or exchange that allow buying or selling of pi coins..
But you can still easily sell pi coins, by reselling it to exchanges/crypto whales interested in holding thousands of pi coins before the mainnet launch.
Who is a pi merchant?
A pi merchant is someone who buys pi coins from miners and resell to these crypto whales and holders of pi..
This is because pi network is not doing any pre-sale. The only way exchanges can get pi is by buying from miners and pi merchants stands in between the miners and the exchanges.
How can I sell my pi coins?
Selling pi coins is really easy, but first you need to migrate to mainnet wallet before you can do that. I will leave the telegram contact of my personal pi merchant to trade with.
Tele-gram.
@Pi_vendor_247
1. Mastering the VC Game:
How to Raise Your First Round of Capital
Jeffrey Bussgang
Flybridge Capital Partners, General Partner
Harvard Business School, Senior Lecturer
April 3, 2012
2. Context For My Perspective
General Partner at Flybridge Capital Partners, early-
stage VC firm based in Boston and NYC
40+ active portfolio companies, Fund III: $280M, 5 GPs
Senior Lecturer at HBS – Launching Tech Ventures
Former entrepreneur
Cofounder Upromise (acq‟d by SallieMae),
VP at Open Market (IPO „96)
Author: Mastering the VC Game
Blog: SeeingBothSides.com
HBS ‟95, Harvard „91
3. Goals For Today‟s Session
As an entrepreneur, I
found venture capital to
be a black box
As a VC, I now see the
other side and wanted to
help entrepreneurs
understand how to
finance and build great
companies
Today‟s mission: to
demystify the VC/angel
world for entrepreneurs
3
4. Why Raise Money from VC?
Experience Matters:
Deep Pockets: VCs have “seen the
High risk tolerance movie” over and over
and additional again and can help
funding for follow- avoid pitfalls to find
on rounds the path to success
Value-Add: Swing Big:
VCs provide domain VCs don’t invest in
experience, industry niches, they invest in
contacts, and transformative ideas
strategic planning that can build large
companies
8
5. VCs vs. Angels
Will want some control (voting, Will want no control (“send me
board, veto) an annual email”)
Will want to own 20-30% Will want to own 1-10%
Very actively engaged (they Maybe engaged or not (often a
get paid to do this!) hobby, sometimes a personal
Can add tremendous value mission)
and be great business partners Can add tremendous value and
Can be total disasters be great business partners
Typically rational actors, Can be total disasters
commercially-driven, but if
inexperienced… Typically rational, but if
unsophisticated: naïve
irrational, emotional
6. Raising $ from VCs: Find the Sweet Spot
Scope out the firm –
size matters, as does
the individual
Arrange for a warm
introduction
Prepare, be brief
(VCs Blink)
Don‟t downplay risk
Mutual due diligence
is fair play
04/09/10 9 9
7. Context About VCs and Angels
Most VCs and Angels have ADD – operate on
“BLINK” instincts
Want to SEE everything, but DO very, very few
deals
Make their decision within the first 10-15 minutes
Typical VC and angel will invest in one out of every
300-500 deals they see
Long odds – you need to really stand out
Like college applicants – triage quickly
8. The Right People: an Unfair Advantage
Ideas are a dime a dozen
Having a world-class team is golden
Laser focus of the young entrepreneur is very
powerful
E.g., Bill Gates, Michael Dell, and Mark
Zuckerberg
04/09/10 10
10
9. Investor‟s Decision Tree
Worth 3 minutes
(email, phone)?
No
Ignore Worth 30 minutes
(phone, in person)?
No
Pass
gracefully Worth 60-90 minutes
(in person)?
No
Pass but stay
In touch Worth 2nd mtg
(in person)?
No
Pass but be helpful Serious due diligence
10. Top 3 Things To Do
Be gracious and personable
Say something that makes you smile…authentically
Tell your personal history, tell a story
Be crisp and on point
Personal intro should take < 5 minutes
Team introduction 10 minutes
Make it relevant – don‟t go off on tangents
If you can‟t show good summarization skills,
how will you handle a board room?
Know your stuff
They will push you to test you
John Doerr/Upromise case study
11. Top 3 Things To Avoid
Do not exaggerate
Assume everything you say will be verified in due diligence
Assume the listener is a cynic and a professional BS detector
There‟s no “I” in team
If you are self-aggrandizing, investors will assume you can‟t build
teams
Do not name drop
No one is going to be impressed
with who you know unless
the relationships are both real
and relevant.
12. Typical Investment Criteria
Tangible things investors like to see:
Very big market (> $500m)
Unfair advantage (why you? why now?)
Attractive business model (recurring, high gross margin)
Unique technology or business model approach
Intangible things investors like to see:
“Pied Piper” – an ability to recruit and retain a great team,
partners
Interpersonal chemistry
Movie, not a snapshot
13. So You‟ve Had a Good Meeting…
Then What?
Treat fundraising like a sales process – build a pipeline,
work people through the pipeline, build up to crescendo
VCs get distracted – typically only pursue 2-3 high
priority new investment opportunities at any given time
Stay connected, top of mind, build a sense of momentum
Need to sell the individual “champion”, then the help
them sell the partnership
Address objections with specific data
Make the investment case for them
Give them tools/materials to share with their partners
13
14. Then, Expect More Due Diligence
Customers / partners
Team
Technology
Business model
Market size / analysts
As with sales, package up the information, make it easy
on the VC – provide reference list, financial models,
detailed market size analysis – all in readable form
14
15. Term Sheet Time
Frequently Asked Questions…
Should I include VCs in my first round or just angels?
How big should the option pool be?
How should I think about valuation?
“Promote” definition - http://bit.ly/8NpdM
Should I do a convertible note with a cap, no cap or a
priced round?
How should I think about control?
15
16. Expectations and Milestones
Have well-documented milestones that represent what
you expect to achieve during the initial funding period
Team building
Technical progress/product development
Customers, revenue
Budget
Talk to the investor about the next round before you
close this round
Expectations, amount, price
16
17. What Is Market?
Rough Numbers (vary slightly by coast and sector):
Seed: $500k-$2m raise on $3-5m pre-money (or cap)
Series A: $3-6m raise on $6-10m pre-money
Series B: $8-12m raise on $15-20m pre-money
Option pool: 10-20%
The smaller the pool, the more confidence in the
founding team
Do an “option pool budget” to determine the right pool
17
18. LATER STAGE VALUATIONS ARE
INCREASING, WHILE EARLY STAGE REMAINS
CONSISTENT
$70
$60
Median Premoney Valuation ($M)
$50
$40
$30
$20
$10
$-
2002 2003 2004 2005 2006 2007 2008 2009 2010 1H11
Later Stage Second Round First Round Seed Round
Source: Dow Jones VentureSource
20. Mastering the VC Game:
How to Raise Your First Round of Capital
Jeffrey Bussgang
Flybridge Capital Partners, General Partner
Harvard Business School, Senior Lecturer
April 3, 2012
Jeff@flybridge.com @bussgang
Editor's Notes
And this is showing up in increasing valuations, especially for later stage companies