Innovation in capital markets is surging once again due to increasingly cheaper cloud computing / storage power, greater bandwidth, multiple new sources of valuable investment data (including social media) and competitive forces leading to the constant search for alpha – along with renewed private equity and venture capital interest
(Pitch Deck): How FTX raised over $1 billionPitch Decks
FTX was arguably the market-leading cryptocurrency exchange before it's highly-publicized liquidity crisis and ensuing bankruptcy filing in late 2022.
FTX (once valued over $32 billion) collapsed in a matter of days in November 2022 after it was revelaed that founder Bankman-Fried had secretly shifted $10 billion of FTX customer deposits to Alameda.
Despite their recent failures, one cannot overlook that FTX was incredibly successful in fundraising in a challenging environment:
They raised their first seed round in 2018 in the midst of the crypto-winter, and raised over $1.8 billion since.
FTX raised multiple rounds led by Sequoia, with participation from notable VC funds like Tiger Global, Softbank, Lightspeed Venture Partners, ICONIQ Growth, and more.
Here's an inside look at an FTX pitch deck from May 2021, presumably used to raise their $1B Series B round announced in June of the same year:
Innovation in capital markets is surging once again due to increasingly cheaper cloud computing / storage power, greater bandwidth, multiple new sources of valuable investment data (including social media) and competitive forces leading to the constant search for alpha – along with renewed private equity and venture capital interest
(Pitch Deck): How FTX raised over $1 billionPitch Decks
FTX was arguably the market-leading cryptocurrency exchange before it's highly-publicized liquidity crisis and ensuing bankruptcy filing in late 2022.
FTX (once valued over $32 billion) collapsed in a matter of days in November 2022 after it was revelaed that founder Bankman-Fried had secretly shifted $10 billion of FTX customer deposits to Alameda.
Despite their recent failures, one cannot overlook that FTX was incredibly successful in fundraising in a challenging environment:
They raised their first seed round in 2018 in the midst of the crypto-winter, and raised over $1.8 billion since.
FTX raised multiple rounds led by Sequoia, with participation from notable VC funds like Tiger Global, Softbank, Lightspeed Venture Partners, ICONIQ Growth, and more.
Here's an inside look at an FTX pitch deck from May 2021, presumably used to raise their $1B Series B round announced in June of the same year:
Battery Ventures State of the OpenCloud Report 2022Battery Ventures
Battery Ventures' 2022 State of the OpenCloud report, compiled by General Partner Dharmesh Thakker and his team Danel Dayan, Jason Mendel and Patrick Hsu. The report analyzes the macro technology and economic trends impacting the cloud market, and provides advice for cloud-native entrepreneurs who are navigating these trends to build large, enduring businesses.
2023 Annual Crypto Industry Report | CoinGeckoCoinGecko
In the fourth quarter of 2023, the crypto market experienced a surge in anticipation related to ETFs, particularly with the growing optimism surrounding the potential approval of US spot Bitcoin ETFs. This optimism contributed to a bullish market sentiment, leading to a significant increase in the total crypto market cap from $1.1 trillion to $1.6 trillion, marking a 55% rise. During this period, the price of Bitcoin soared from $27,000 to $42,000.
When considering the entire year of 2023, the crypto market witnessed substantial growth, more than doubling its total market cap from $832 billion at the beginning of the year. This remarkable expansion was primarily driven by Bitcoin's impressive resurgence, experiencing a 2.6x increase. After the challenges and stagnation experienced in 2022, 2023 proved to be a robust year of recovery for the crypto industry.
Our comprehensive 2023 Crypto Industry Report covers everything from the crypto market landscape to analyzing Bitcoin and Ethereum, deep diving into the decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, and reviewing how centralized exchanges (CEX) and decentralized exchanges (DEX) have performed.
A pitch deck template with sample copy to help technology startups sell their business concept to angel investors and VCs. Inspired by pitch deck words of wisdom from Dave McClure (500 Startups), AirBnb, Guy Kawasaki and Venture Hacks (the folks behind AngelList).
YOU MIGHT ALSO LIKE THESE PITCH DECK EXAMPLES & TEMPLATES:
> Airbnb pitch deck @ https://pitchdeckcoach.com/airbnb-pitch-deck
> Sequoia Capital pitch deck template @ https://pitchdeckcoach.com/sequoia-capital-pitch-deck
> FREE pitch deck template download @ https://pitchdeckcoach.com/free-pitch-deck-template
> Pitch deck guide with hints, tips, and a worked example @ https://pitchdeckcoach.com/pitch-deck-template
NEED HELP WITH YOUR PITCH DECK?
See how I can help then book a free call @ https://pitchdeckcoach.com/
MORE PITCH DECK RESOURCES @ https://pitchdeckcoach.com/pitch-deck-template#resources
The cloud economy has entered the multiverse as a gloomy financing climate welcomes the biggest tech platform shift of our lifetimes. We share insights for SaaS founders as they navigate today’s difficult macro climate and seek new horizons in the dawn of the AI era.
https://www.bvp.com/atlas/state-of-the-cloud-2023
Bessemer uncovers the year’s top trends and insights in the global cloud economy, including how the model is only getting better, and why being a Centaur is the new milestone to celebrate.
Read the full report: https://www.bvp.com/atlas/state-of-the-cloud-2022
2022 has proven to be a tumultuous year for crypto - the total crypto market cap lost more than half its value, ending the year at $829 billion, marking the start of another crypto winter, after two years of bull market exuberance. NFTs and DeFi are among the hardest hit, and BTC recorded a steep decline of 64.2% since January 2022.
Our comprehensive 2022 Annual Crypto Industry Report covers everything from the crypto market landscape to analyzing Bitcoin and Ethereum, deep diving into the Decentralized Finance (DeFi) and Non-Fungible Token (NFT) ecosystem and reviewing the Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) performance.
Here's the deck we used for our Seed round. We raised $5M led by Accel.
Even though we didn't necessarily show the appendix slides, we sent them along with the rest of the deck.
See https://airbyte.io
In this updated edition of our report, we share our continued excitement for the South Korean technology and venture capital ecosystem. With more global investors turning their attention to Korean startups today, we're excited to continue strengthening our presence in the country. The report includes the latest South Korean startup funding data and perspectives from some of the country's leading VCs.
Ark Kapital is a data-driven precision financing company that helps early-stage startups thrive by providing long-term loans while keeping founders in control and lowering the risk for investors.
The Swedish-based startup, which was launched in 2021, analyses the financial health of early-stage tech businesses using AI and machine learning and provides precise loans based on their performance.
Ark Kapital announced that it has raised $182 million in a mix of debt and equity funding. The round was led by Local Globe, with participation from Creandum and angel investors including Supercell CEO Ilkka Paananen, iZettle founder Jacob de Geer, and EQT Ventures founding partner Hjalmar Winbladh.
Read more: vip.graphics/ark-pitch-deck/
See the deck: bestpitchdeck.com/ark
A reproduction of the official pitch deck template recommended by leading VC firm Sequoia Capital.
YOU MIGHT ALSO LIKE THESE PITCH DECK EXAMPLES & TEMPLATES:
> Airbnb pitch deck @ https://pitchdeckcoach.com/airbnb-pitch-deck
> Sequoia Capital pitch deck template @ https://pitchdeckcoach.com/sequoia-capital-pitch-deck
> FREE pitch deck template download @ https://pitchdeckcoach.com/free-pitch-deck-template
> Pitch deck guide with hints, tips, and a worked example @ https://pitchdeckcoach.com/pitch-deck-template
NEED HELP WITH YOUR PITCH DECK?
See how I can help then book a free call @ https://pitchdeckcoach.com/
MORE PITCH DECK RESOURCES @ https://pitchdeckcoach.com/pitch-deck-template#resources
Summary presentation of the critically acclaimed book on venture capital and entrepreneurship by Flybridge general partner Jeff Bussgang (www.jeffbussgang.com)
Trulia Founder & NFX (www.nfx.com) Managing Partner Pete Flint uncovers what's really happening in PropTech and why you should care (hint: it will be a massive opportunity).
OKYO Pharma (OKYO) is a bio-pharmaceutical company focused on the discovery & development of first-in-class pharmaceutical therapies to treat inflammatory eye diseases including dry eye and ocular pain. OKYO is developing a lipidated chemerin-peptide drug candidate OK-101, designed to target a key ocular receptor controlling inflammation and ocular pain. The drug, developed by a unique proprietary membrane anchored technology, is designed to increase agonist potency and ocular residence time.
Battery Ventures State of the OpenCloud Report 2022Battery Ventures
Battery Ventures' 2022 State of the OpenCloud report, compiled by General Partner Dharmesh Thakker and his team Danel Dayan, Jason Mendel and Patrick Hsu. The report analyzes the macro technology and economic trends impacting the cloud market, and provides advice for cloud-native entrepreneurs who are navigating these trends to build large, enduring businesses.
2023 Annual Crypto Industry Report | CoinGeckoCoinGecko
In the fourth quarter of 2023, the crypto market experienced a surge in anticipation related to ETFs, particularly with the growing optimism surrounding the potential approval of US spot Bitcoin ETFs. This optimism contributed to a bullish market sentiment, leading to a significant increase in the total crypto market cap from $1.1 trillion to $1.6 trillion, marking a 55% rise. During this period, the price of Bitcoin soared from $27,000 to $42,000.
When considering the entire year of 2023, the crypto market witnessed substantial growth, more than doubling its total market cap from $832 billion at the beginning of the year. This remarkable expansion was primarily driven by Bitcoin's impressive resurgence, experiencing a 2.6x increase. After the challenges and stagnation experienced in 2022, 2023 proved to be a robust year of recovery for the crypto industry.
Our comprehensive 2023 Crypto Industry Report covers everything from the crypto market landscape to analyzing Bitcoin and Ethereum, deep diving into the decentralized finance (DeFi) and non-fungible token (NFT) ecosystems, and reviewing how centralized exchanges (CEX) and decentralized exchanges (DEX) have performed.
A pitch deck template with sample copy to help technology startups sell their business concept to angel investors and VCs. Inspired by pitch deck words of wisdom from Dave McClure (500 Startups), AirBnb, Guy Kawasaki and Venture Hacks (the folks behind AngelList).
YOU MIGHT ALSO LIKE THESE PITCH DECK EXAMPLES & TEMPLATES:
> Airbnb pitch deck @ https://pitchdeckcoach.com/airbnb-pitch-deck
> Sequoia Capital pitch deck template @ https://pitchdeckcoach.com/sequoia-capital-pitch-deck
> FREE pitch deck template download @ https://pitchdeckcoach.com/free-pitch-deck-template
> Pitch deck guide with hints, tips, and a worked example @ https://pitchdeckcoach.com/pitch-deck-template
NEED HELP WITH YOUR PITCH DECK?
See how I can help then book a free call @ https://pitchdeckcoach.com/
MORE PITCH DECK RESOURCES @ https://pitchdeckcoach.com/pitch-deck-template#resources
The cloud economy has entered the multiverse as a gloomy financing climate welcomes the biggest tech platform shift of our lifetimes. We share insights for SaaS founders as they navigate today’s difficult macro climate and seek new horizons in the dawn of the AI era.
https://www.bvp.com/atlas/state-of-the-cloud-2023
Bessemer uncovers the year’s top trends and insights in the global cloud economy, including how the model is only getting better, and why being a Centaur is the new milestone to celebrate.
Read the full report: https://www.bvp.com/atlas/state-of-the-cloud-2022
2022 has proven to be a tumultuous year for crypto - the total crypto market cap lost more than half its value, ending the year at $829 billion, marking the start of another crypto winter, after two years of bull market exuberance. NFTs and DeFi are among the hardest hit, and BTC recorded a steep decline of 64.2% since January 2022.
Our comprehensive 2022 Annual Crypto Industry Report covers everything from the crypto market landscape to analyzing Bitcoin and Ethereum, deep diving into the Decentralized Finance (DeFi) and Non-Fungible Token (NFT) ecosystem and reviewing the Centralized Exchanges (CEX) and Decentralized Exchanges (DEX) performance.
Here's the deck we used for our Seed round. We raised $5M led by Accel.
Even though we didn't necessarily show the appendix slides, we sent them along with the rest of the deck.
See https://airbyte.io
In this updated edition of our report, we share our continued excitement for the South Korean technology and venture capital ecosystem. With more global investors turning their attention to Korean startups today, we're excited to continue strengthening our presence in the country. The report includes the latest South Korean startup funding data and perspectives from some of the country's leading VCs.
Ark Kapital is a data-driven precision financing company that helps early-stage startups thrive by providing long-term loans while keeping founders in control and lowering the risk for investors.
The Swedish-based startup, which was launched in 2021, analyses the financial health of early-stage tech businesses using AI and machine learning and provides precise loans based on their performance.
Ark Kapital announced that it has raised $182 million in a mix of debt and equity funding. The round was led by Local Globe, with participation from Creandum and angel investors including Supercell CEO Ilkka Paananen, iZettle founder Jacob de Geer, and EQT Ventures founding partner Hjalmar Winbladh.
Read more: vip.graphics/ark-pitch-deck/
See the deck: bestpitchdeck.com/ark
A reproduction of the official pitch deck template recommended by leading VC firm Sequoia Capital.
YOU MIGHT ALSO LIKE THESE PITCH DECK EXAMPLES & TEMPLATES:
> Airbnb pitch deck @ https://pitchdeckcoach.com/airbnb-pitch-deck
> Sequoia Capital pitch deck template @ https://pitchdeckcoach.com/sequoia-capital-pitch-deck
> FREE pitch deck template download @ https://pitchdeckcoach.com/free-pitch-deck-template
> Pitch deck guide with hints, tips, and a worked example @ https://pitchdeckcoach.com/pitch-deck-template
NEED HELP WITH YOUR PITCH DECK?
See how I can help then book a free call @ https://pitchdeckcoach.com/
MORE PITCH DECK RESOURCES @ https://pitchdeckcoach.com/pitch-deck-template#resources
Summary presentation of the critically acclaimed book on venture capital and entrepreneurship by Flybridge general partner Jeff Bussgang (www.jeffbussgang.com)
Trulia Founder & NFX (www.nfx.com) Managing Partner Pete Flint uncovers what's really happening in PropTech and why you should care (hint: it will be a massive opportunity).
OKYO Pharma (OKYO) is a bio-pharmaceutical company focused on the discovery & development of first-in-class pharmaceutical therapies to treat inflammatory eye diseases including dry eye and ocular pain. OKYO is developing a lipidated chemerin-peptide drug candidate OK-101, designed to target a key ocular receptor controlling inflammation and ocular pain. The drug, developed by a unique proprietary membrane anchored technology, is designed to increase agonist potency and ocular residence time.
OKYO Pharma Limited (LSE: OKYO) operates as a life sciences and biotechnology company in the United Kingdom. Its development program includes Chemerin for the treatment of ocular inflammation, dry eye disease, and ocular neuropathic pain; and BAM-8, a non-opiod analgesic. OKYO Pharma Limited is headquartered in London, the United Kingdom.
Trian White Paper on Creating Value at Disney April 2024Neil Kimberley
Nelson Peltz owns and operates Trian Capital. Trian's strategy is to identify underperforming public companies, then intervene as an activist investor to enact aggressive value creating strategies. This white paper outlines an approach for DIS (Disney, who owns TV Stations, film studios and theme parks to change strategy and create more value for their shareholders. Peltz has a past in many CPG businesses like Snapple, Kraft Heinz and Wendy's...
Global snapshot of Ecommerce sector valuations, M&A transactions and investment deals in the last three years.
The report focuses on revenue multiples and financial metrics (e.g. margins and growth rates) of publicly listed companies.
The report also provides an overview of the number of M&A and investment deals in the past three years, as well as the total invested capital. It also includes a snapshot of the most active acquirers and investors in the sector.
FFCON19 Workshop: Anatomy of Global STOs Security Token Offerings (5Ws) (Pe...Craig Asano
April 4-Day 2 of the 2019 Fintech & Financing Conference in Toronto at the Bram and Bluma Appel Salon in downtown Toronto. David Lucatch, CEO, Pegasus Fintech Inc and RJ Reiser, Chief Growth Officer of Polymath cover the ins and outs of conducting a global security token offering (STO) in this educational workshop.
Links
https://pegasusfintech.com/
https://polymath.network/
https://fintechandfunding.com/
https://ncfacanada.org/
With the pressure on auto manufacturers to trim CO2 emission, electric vehicle stocks have seen a great improvement. Check out the Top EV stocks that will provide investors an exposure to the sector.
DeFi Technologies builds and manages assets in the rapidly emerging decentralized financial market, providing institutional and retail investors easy access to previously unseen returns through innovative projects and groundbreaking protocols that are fundamentally reshaping the global financial system.
Northern Empire Resources is embarking on the path of becoming a project generator company. A project generator identifies, acquires and completes early stage exploration on properties of merit adding value and understanding of the project prior to seeking joint venture partners. In doing so, the Company can provide its shareholders with significant exposure to numerous exploration programs and projects without suffering the equity dilution associated with running costly later stage programs on a standalone basis.
The Company plans to embrace the current market conditions which have stalled a great number of projects that could be acquired at significant discounts to valuations during better markets. A key consideration will be targeting projects with low holding costs that will allow the Company to establish a broad portfolio of projects that shareholders will have exposure to.
Northern Empire has assembled a talented board of directors and management team that have a collective history of exploration activity as well as capital raising ability in order to develop Northern Empire in to a successful project generator.
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Memorandum Of Association Constitution of Company.pptseri bangash
www.seribangash.com
A Memorandum of Association (MOA) is a legal document that outlines the fundamental principles and objectives upon which a company operates. It serves as the company's charter or constitution and defines the scope of its activities. Here's a detailed note on the MOA:
Contents of Memorandum of Association:
Name Clause: This clause states the name of the company, which should end with words like "Limited" or "Ltd." for a public limited company and "Private Limited" or "Pvt. Ltd." for a private limited company.
https://seribangash.com/article-of-association-is-legal-doc-of-company/
Registered Office Clause: It specifies the location where the company's registered office is situated. This office is where all official communications and notices are sent.
Objective Clause: This clause delineates the main objectives for which the company is formed. It's important to define these objectives clearly, as the company cannot undertake activities beyond those mentioned in this clause.
www.seribangash.com
Liability Clause: It outlines the extent of liability of the company's members. In the case of companies limited by shares, the liability of members is limited to the amount unpaid on their shares. For companies limited by guarantee, members' liability is limited to the amount they undertake to contribute if the company is wound up.
https://seribangash.com/promotors-is-person-conceived-formation-company/
Capital Clause: This clause specifies the authorized capital of the company, i.e., the maximum amount of share capital the company is authorized to issue. It also mentions the division of this capital into shares and their respective nominal value.
Association Clause: It simply states that the subscribers wish to form a company and agree to become members of it, in accordance with the terms of the MOA.
Importance of Memorandum of Association:
Legal Requirement: The MOA is a legal requirement for the formation of a company. It must be filed with the Registrar of Companies during the incorporation process.
Constitutional Document: It serves as the company's constitutional document, defining its scope, powers, and limitations.
Protection of Members: It protects the interests of the company's members by clearly defining the objectives and limiting their liability.
External Communication: It provides clarity to external parties, such as investors, creditors, and regulatory authorities, regarding the company's objectives and powers.
https://seribangash.com/difference-public-and-private-company-law/
Binding Authority: The company and its members are bound by the provisions of the MOA. Any action taken beyond its scope may be considered ultra vires (beyond the powers) of the company and therefore void.
Amendment of MOA:
While the MOA lays down the company's fundamental principles, it is not entirely immutable. It can be amended, but only under specific circumstances and in compliance with legal procedures. Amendments typically require shareholder
Memorandum Of Association Constitution of Company.ppt
SaaStr Workshop Wednesdays: State of SaaS with Altimeter Capital
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4. Introduction
Source: Data set includes 98 public software companies. Data sourced from Bloomberg, Pitchbook and company filings. As of 12/1/23
For illustrative purposes only. There is no assurance that any trends will continue or that any such trends will be profitable.
● I’m a partner at Altimeter Capital
● We invest in both public and private markets
● Today I’ll discuss the “State of SaaS” as it relates to valuations, business
performance, and macro
5. Software Revenue Multiples
Source: Data set includes 98 public software companies. Data sourced from Bloomberg, Pitchbook and company filings. As of 12/1/23
For illustrative purposes only. There is no assurance that any trends will continue or that any such trends will be profitable.
6. Growth Has Slowed
Source: Data set includes 98 public software companies. Data sourced from Bloomberg, Pitchbook and company filings. As of 12/1/23
For illustrative purposes only. There is no assurance that any trends will continue or that any such trends will be profitable.
Using 2015 - 2020 (up until Covid) as the period of “long term average)
● Median multiple down
22% from long term
average (6.1x vs 7.8x)
● Median growth rate
down 49% from long
term average (13% vs
27%)
● 10Y is up 93% from
long term average (4.3%
vs 2.2%)
7. Software Growth Adjusted Revenue Multiples
Source: Data set includes 98 public software companies. Data sourced from Bloomberg, Pitchbook and company filings. As of 12/1/23
For illustrative purposes only. There is no assurance that any trends will continue or that any such trends will be profitable.
Using 2015 - 2020 (up until Covid) as the period of “long term average)
● Growth adjusted
multiples are up 62%
from long term average
(0.45x vs 0.28x)
8. Software FCF Multiples
Source: Data set includes 98 public software companies. Data sourced from Bloomberg, Pitchbook and company filings. As of 12/1/23
For illustrative purposes only. There is no assurance that any trends will continue or that any such trends will be profitable.
● FCF multiples are
down 8% from the
long term average
(36.7x vs 40.1x)
9. Recap on Software Multiples
Source: Data set includes 98 public software companies. Data sourced from Bloomberg, Pitchbook and company filings. As of 12/1/23
For illustrative purposes only. There is no assurance that any trends will continue or that any such trends will be profitable.
10. Recent Software Performance
Source: Data set includes 70+ public software companies. Data sourced from Bloomberg, Pitchbook and company filings. As of 12/1/23
For illustrative purposes only. There is no assurance that any trends will continue or that any such trends will be profitable.
11. Net New ARR Growth Starting to Rebound
Source: Data set includes 70+ public software companies. Data sourced from Bloomberg, Pitchbook and company filings. As of 12/1/23
For illustrative purposes only. There is no assurance that any trends will continue or that any such trends will be profitable.
12. Additional Performance Metrics
Source: Data set includes 98 public software companies. Data sourced from Bloomberg, Pitchbook and company filings. As of 12/1/23
For illustrative purposes only. There is no assurance that any trends will continue or that any such trends will be profitable.
13. Market Rewarding Efficient Growth
Source: Data set includes 98 public software companies. Data sourced from Bloomberg, Pitchbook and company filings. As of 12/1/23
For illustrative purposes only. There is no assurance that any trends will continue or that any such trends will be profitable.
R^2 = 0.7
R^2 = 0.5
As of 9/10/21 Current
14. Rate Expectations Starting to Come Down
Data sourced from Bloomberg, Pitchbook and company filings. As of 12/1/23
For illustrative purposes only. There is no assurance that any trends will continue or that any such trends will be profitable.
15. Dispersion: Not All Software Created Equal
Source: Data set includes 98 public software companies. Data sourced from Bloomberg, Pitchbook and company filings. As of 12/1/23
For illustrative purposes only. There is no assurance that any trends will continue or that any such trends will be profitable.
Historical Dispersion
Covid Anomaly
New Normal?
16. Takeaways
For illustrative purposes only. There is no assurance that any trends will continue or that any such trends will be profitable.
● Valuations today appear expensive relative to growth, profitability and interest
rates. I don’t expect a “bounce back” in public valuations
● Interest rates have been a headwind to valuations since the end of 2021. As
we head into 2024 it appears that rates will start to become a tailwind to
valuations (ie rates projected to fall)
● Current debate is do we have a hard or soft landing in 2024 (ie are rates
declining because economic growth is expected to deteriorate, or because
inflation is coming down and rates this high are no longer needed)