A Seed/Startup Venture Fund & Collaboration Community working with, supporting and compensating Incubators, Universities and Economic Development Agencies
Team Topologies - how and why to design your teams - AllDayDevOps 2017Matthew Skelton
From the AllDayDevOps 2017 live stream https://www.youtube.com/watch?v=XqowSG2Jxqc
For effective, modern, cloud-connected software systems we need to organize our teams in certain ways. Taking account of Conway’s Law, we look to match the team structures to the required software architecture, enabling or restricting communication and collaboration for the best outcomes.
This talk will cover the basics of organization design, exploring a selection of key team topologies and how and when to use them in order to make the development and operation of your software systems as effective as possible. The talk is based on experience helping companies around the world with the design of their teams.
Takeaways:
- The implications of Conway’s Law for software teams
- Cognitive Load for teams
- Effective team topologies
- Team evolution
Game Changing Business Models - V2! - with case examples - Competitive Advant...Michael Skok
Developed for the Harvard Innovation Lab workshop series on Startup Secrets.
This is part 3 of the 5 part series by Michael J Skok on how to get competitive advantage as a startup.
Michael's slides are the agenda for the workshop, and are NOT self contained. For fuller coverage of the slides, visit Michael's website http://www.mjskok.com/
Metrics at Every (Flight) Level [2020 Agile Kanban Istanbul FlowConf]Matthew Philip
Slides as presented on Dec 8, 2020 at FlowConf organized by Agile Kanban Istanbul. https://www.flowconf.com/
Organizational change often stalls out at departmental boundaries, whether that is IT or another division. How do we help organizations connect vertically and horizontally to realize the outcomes that they have when undertaking large-scale change efforts?
Join this session to learn from a case study of a bank that combined flight levels and metrics to bridge their departmental boundaries and recognize gains not only in software delivery effectiveness but unifying higher-level strategy.
Ideas are worth very little without a culture to guide the selection of talent and a big, bold vision to attract and unify the team. Human capital is what separates great from good companies – which is why establishing a strong culture to attract and retain the right people, while unifying them behind an inspiring vision and mission is essential to any significant venture.
Team Topologies - how and why to design your teams - AllDayDevOps 2017Matthew Skelton
From the AllDayDevOps 2017 live stream https://www.youtube.com/watch?v=XqowSG2Jxqc
For effective, modern, cloud-connected software systems we need to organize our teams in certain ways. Taking account of Conway’s Law, we look to match the team structures to the required software architecture, enabling or restricting communication and collaboration for the best outcomes.
This talk will cover the basics of organization design, exploring a selection of key team topologies and how and when to use them in order to make the development and operation of your software systems as effective as possible. The talk is based on experience helping companies around the world with the design of their teams.
Takeaways:
- The implications of Conway’s Law for software teams
- Cognitive Load for teams
- Effective team topologies
- Team evolution
Game Changing Business Models - V2! - with case examples - Competitive Advant...Michael Skok
Developed for the Harvard Innovation Lab workshop series on Startup Secrets.
This is part 3 of the 5 part series by Michael J Skok on how to get competitive advantage as a startup.
Michael's slides are the agenda for the workshop, and are NOT self contained. For fuller coverage of the slides, visit Michael's website http://www.mjskok.com/
Metrics at Every (Flight) Level [2020 Agile Kanban Istanbul FlowConf]Matthew Philip
Slides as presented on Dec 8, 2020 at FlowConf organized by Agile Kanban Istanbul. https://www.flowconf.com/
Organizational change often stalls out at departmental boundaries, whether that is IT or another division. How do we help organizations connect vertically and horizontally to realize the outcomes that they have when undertaking large-scale change efforts?
Join this session to learn from a case study of a bank that combined flight levels and metrics to bridge their departmental boundaries and recognize gains not only in software delivery effectiveness but unifying higher-level strategy.
Ideas are worth very little without a culture to guide the selection of talent and a big, bold vision to attract and unify the team. Human capital is what separates great from good companies – which is why establishing a strong culture to attract and retain the right people, while unifying them behind an inspiring vision and mission is essential to any significant venture.
Die Entwicklung von Objectives und Key Results in Europa | 16.08.2017 | OKR F...die.agilen GmbH
Einführung in das agile Zielmanagement & moderne Leadership Framework Objectives & Key Results (OKR) von Patrick Lobacher & Christian Jacob auf dem OKR Forum Berlin vom 16.08.2017.bei der MYTOYS Group. Veranstaltet von Workpath.
Maximizing Business Success Through Organizational AgilityNick Born
Agile organizations look across the multiple dimensions of organization structure, processes, talent, leadership, and culture and embed flexibility in each. Through a system of HR practices and an integrated foundation of management practices, agile organizations are able to consistently respond to environmental trends and disruptions, move closer to the speed of ideas, and seize market opportunities. These collective capabilities drive sustained organizational performance. In this study, CAHRS Research Assistants Nicholas Born, Kasey Kovack and Matt Olson discuss the results of their research on organizational and HR agility. They share specific examples as they relate to:
• Key catalysts for organizational agility
• Obstacles to agility and knowledge sharing
• HR’s role in driving the right people outcomes to support the organizational culture, human capital, and knowledge exchange opportunities that support organizational agility
• What specific talent management and HR practices drive organizational agility
• Opportunities to assess impact of organizational agility
The Kanban Maturity Model democratizes successful Agile transformation. It enables faster, better results without the high costs and extreme failure rate associated with the conventional path to Agile. For over a decade, the Kanban Method has been your alternative path to agility. Now the KMM offers a map to consistently achieve superior business agility. Regardless of your starting conditions, the Kanban Maturity Model can help you improve collaboration, trust, team work, service delivery, customer satisfaction, business agility, risk management and economic performance. David’s talk explains how KMM helps you understand your context and choose appropriate Kanban practices. Your circumstances are unique. You need pragmatic, actionable, evidence-based guidance that works. The KMM codifies a decade of Kanban coaching experience and delivers it in a consumable package that will democratize business agility. KMM: successful evolutionary change for professional service businesses of every size and maturity level.
• Performance is what an enterprise delivers to its shareholders in the here and now, evaluated through such measures as net operating profit, return on capital employed, total returns to share- holders, net operating costs, and stock turn.
• Health is the ability of the organization to align, execute, and renew itself faster than its competition, allowing it to sustain exceptional performance year in, year out
Die OKR-Methode: Ziele setzen wie im Silicon ValleyPerdoo
OKR (Objectives & Key Results) ist eine Management-Methode für das Setzen, Messen und Verknüpfen von Zielen im Unternehmen.
OKR geht zurück auf den damaligen Intel-CEO Andrew Grove. In den 1970ern verwendete dieser den Begriff „Objectives and Key Results“ erstmalig in seinem Buch „High Output Management“ und führte die Methode bei Intel ein. Schnell erlangte sie eine gewisse Bekanntheit, bis ihr Google im Jahr 1999 zum Durchbruch verhalf. Noch heute wird OKR als Geheimnis hinter dem beispiellosen Erfolg von Google gesehen.
Inspiriert von Google wendeten fortan auch Silicon-Valley-Firmen wie LinkedIn, Zynga und Oracle die Methode mit firmeneigenen Tools an. Inzwischen nutzen immer mehr etablierte KMU und Großkonzerne OKR als ein Mittel für Innovation und digitale Transformation.
Richtig eingesetzt unterstützt OKR Unternehmen aller Größen und Branchen darin, bessere Entscheidungen zu treffen, Mitarbeitermotivation zu steigern und ambitionierte Ziele zu erreichen.
Perdoo (www.perdoo.com) ist eine einfache, smarte und flexible Goal-Management-Plattform, die es Unternehmen ermöglicht, OKR schnell und erfolgreich zu implementieren.
Best practice management process for OKR rollout: company-wide OKR examples.
We created this guided course on the OKR best practices to make your OKR rollout smooth and successful. This course includes learnings and insights that we uncovered together with our customers over the past 8 years.
It is perfect for leaders, team managers, and OKR champions who are looking for practical resources to improve their team’s workflows.
90% of our customers who have been very successful with OKRs said that early-stage learning is the foundation of a sustainable OKR process.
These are the companies that report incredible growth and performance improvement.
In this course, you will learn:
how to align the company with OKRs
how to write engaging OKRs that work
the difference between KRs and Initiatives
the difference between OKRs and KPIs
how to facilitate teamwork and discussions
and more…
Startup Secrets - Game Changing Business ModelsMichael Skok
In our industry, it’s not uncommon for entrepreneurs to become so mono-focused on the novelty of their product that they forget to innovate sufficiently around their business model. A disruptive business model can be at least as important as a discontinuous innovation.
Agiles Zielmanagement und modernes Leadership mit Objectives und Key Results ...die.agilen GmbH
Klassisches Zielmanagement ist längst an seine Grenzen gekommen. Jahreszielgespräche und jährliches Zielplanung sind in Zeiten der digitalen Transformation nicht mehr wirksam. Bereits 47 Jahre alt, aber erst jetzt in den letzten Jahren wirklich populär geworden, revolutioniert Objectives & Key Result (OKR) die Welt des agilen Zielmanagements. Bei Intel erfunden und durch Google groß und bekannt geworden, verwenden OKR mittlerweile gleichermaßen StartUps, KMUs und große Konzerne wie beipielsweise Daimler, BWM oder Merck. Was aber macht OKR genau aus und wie funktioniert agiles Zielmanagement? Wie kann man als Unternehmen mit OKR starten und was gilt es zu beachten? Das und vor allem viele reale Beispiele machen den kurzweiligen und inspirierenden Vortrag aus.
Deal sourcing is the first step towards an investment process in Venture Capital. Pratim Pathak from pi Ventures walks through the learnings developed on how to source effectively and strategically as a part of the pi fellows program.
I often refer to The Netflix Culture Deck in presentations to companies when I speak about alignment and line of sight between departmental or branch goal with the overall wildly important strategic goals, mission, vision, and values.
Startup Studios - Innovating Innovation White Paper Select Slides by EnhanceAlper Celen
Select visuals and graphs from Enhance's white paper on Startup Studios aka Venture Builders. The visuals include
Need for More Human Capital
History of Startup Studios
Startup Studio Trends
Betaworks Case Study
Startup Studio Design Parameters
Information about Enhance and the Authors Alper Celen and Ritesh Tilani
You can download the full white paper at www.enhance.online
Strong Leaders at all levels within an organization are a requisite for business success. Yet the leadership pipeline –internal architecture for growing leaders is often broken or
nonexistent. This updated edition of the bestselling book has been revised to help address the challenges of today’s business environment. Anchored in experience based case studies, this
remarkable book synchronizes a proven model for planning leadership succession and development for corporate organizations. The Second edition is an improvement based on
learning and review of the authors who have drawn their work at more than one hundred international companies over a period of ten years since the first edition of the book with the same title was published. The book under review is addressed to the leading corporate organizations, where the succession path of leaders/ chief executives is being formulated & executed on a continuous basis to perpetuate the organization and make it strong and robust while facing trials and tribulations of corporate growth and success.
Die Entwicklung von Objectives und Key Results in Europa | 16.08.2017 | OKR F...die.agilen GmbH
Einführung in das agile Zielmanagement & moderne Leadership Framework Objectives & Key Results (OKR) von Patrick Lobacher & Christian Jacob auf dem OKR Forum Berlin vom 16.08.2017.bei der MYTOYS Group. Veranstaltet von Workpath.
Maximizing Business Success Through Organizational AgilityNick Born
Agile organizations look across the multiple dimensions of organization structure, processes, talent, leadership, and culture and embed flexibility in each. Through a system of HR practices and an integrated foundation of management practices, agile organizations are able to consistently respond to environmental trends and disruptions, move closer to the speed of ideas, and seize market opportunities. These collective capabilities drive sustained organizational performance. In this study, CAHRS Research Assistants Nicholas Born, Kasey Kovack and Matt Olson discuss the results of their research on organizational and HR agility. They share specific examples as they relate to:
• Key catalysts for organizational agility
• Obstacles to agility and knowledge sharing
• HR’s role in driving the right people outcomes to support the organizational culture, human capital, and knowledge exchange opportunities that support organizational agility
• What specific talent management and HR practices drive organizational agility
• Opportunities to assess impact of organizational agility
The Kanban Maturity Model democratizes successful Agile transformation. It enables faster, better results without the high costs and extreme failure rate associated with the conventional path to Agile. For over a decade, the Kanban Method has been your alternative path to agility. Now the KMM offers a map to consistently achieve superior business agility. Regardless of your starting conditions, the Kanban Maturity Model can help you improve collaboration, trust, team work, service delivery, customer satisfaction, business agility, risk management and economic performance. David’s talk explains how KMM helps you understand your context and choose appropriate Kanban practices. Your circumstances are unique. You need pragmatic, actionable, evidence-based guidance that works. The KMM codifies a decade of Kanban coaching experience and delivers it in a consumable package that will democratize business agility. KMM: successful evolutionary change for professional service businesses of every size and maturity level.
• Performance is what an enterprise delivers to its shareholders in the here and now, evaluated through such measures as net operating profit, return on capital employed, total returns to share- holders, net operating costs, and stock turn.
• Health is the ability of the organization to align, execute, and renew itself faster than its competition, allowing it to sustain exceptional performance year in, year out
Die OKR-Methode: Ziele setzen wie im Silicon ValleyPerdoo
OKR (Objectives & Key Results) ist eine Management-Methode für das Setzen, Messen und Verknüpfen von Zielen im Unternehmen.
OKR geht zurück auf den damaligen Intel-CEO Andrew Grove. In den 1970ern verwendete dieser den Begriff „Objectives and Key Results“ erstmalig in seinem Buch „High Output Management“ und führte die Methode bei Intel ein. Schnell erlangte sie eine gewisse Bekanntheit, bis ihr Google im Jahr 1999 zum Durchbruch verhalf. Noch heute wird OKR als Geheimnis hinter dem beispiellosen Erfolg von Google gesehen.
Inspiriert von Google wendeten fortan auch Silicon-Valley-Firmen wie LinkedIn, Zynga und Oracle die Methode mit firmeneigenen Tools an. Inzwischen nutzen immer mehr etablierte KMU und Großkonzerne OKR als ein Mittel für Innovation und digitale Transformation.
Richtig eingesetzt unterstützt OKR Unternehmen aller Größen und Branchen darin, bessere Entscheidungen zu treffen, Mitarbeitermotivation zu steigern und ambitionierte Ziele zu erreichen.
Perdoo (www.perdoo.com) ist eine einfache, smarte und flexible Goal-Management-Plattform, die es Unternehmen ermöglicht, OKR schnell und erfolgreich zu implementieren.
Best practice management process for OKR rollout: company-wide OKR examples.
We created this guided course on the OKR best practices to make your OKR rollout smooth and successful. This course includes learnings and insights that we uncovered together with our customers over the past 8 years.
It is perfect for leaders, team managers, and OKR champions who are looking for practical resources to improve their team’s workflows.
90% of our customers who have been very successful with OKRs said that early-stage learning is the foundation of a sustainable OKR process.
These are the companies that report incredible growth and performance improvement.
In this course, you will learn:
how to align the company with OKRs
how to write engaging OKRs that work
the difference between KRs and Initiatives
the difference between OKRs and KPIs
how to facilitate teamwork and discussions
and more…
Startup Secrets - Game Changing Business ModelsMichael Skok
In our industry, it’s not uncommon for entrepreneurs to become so mono-focused on the novelty of their product that they forget to innovate sufficiently around their business model. A disruptive business model can be at least as important as a discontinuous innovation.
Agiles Zielmanagement und modernes Leadership mit Objectives und Key Results ...die.agilen GmbH
Klassisches Zielmanagement ist längst an seine Grenzen gekommen. Jahreszielgespräche und jährliches Zielplanung sind in Zeiten der digitalen Transformation nicht mehr wirksam. Bereits 47 Jahre alt, aber erst jetzt in den letzten Jahren wirklich populär geworden, revolutioniert Objectives & Key Result (OKR) die Welt des agilen Zielmanagements. Bei Intel erfunden und durch Google groß und bekannt geworden, verwenden OKR mittlerweile gleichermaßen StartUps, KMUs und große Konzerne wie beipielsweise Daimler, BWM oder Merck. Was aber macht OKR genau aus und wie funktioniert agiles Zielmanagement? Wie kann man als Unternehmen mit OKR starten und was gilt es zu beachten? Das und vor allem viele reale Beispiele machen den kurzweiligen und inspirierenden Vortrag aus.
Deal sourcing is the first step towards an investment process in Venture Capital. Pratim Pathak from pi Ventures walks through the learnings developed on how to source effectively and strategically as a part of the pi fellows program.
I often refer to The Netflix Culture Deck in presentations to companies when I speak about alignment and line of sight between departmental or branch goal with the overall wildly important strategic goals, mission, vision, and values.
Startup Studios - Innovating Innovation White Paper Select Slides by EnhanceAlper Celen
Select visuals and graphs from Enhance's white paper on Startup Studios aka Venture Builders. The visuals include
Need for More Human Capital
History of Startup Studios
Startup Studio Trends
Betaworks Case Study
Startup Studio Design Parameters
Information about Enhance and the Authors Alper Celen and Ritesh Tilani
You can download the full white paper at www.enhance.online
Strong Leaders at all levels within an organization are a requisite for business success. Yet the leadership pipeline –internal architecture for growing leaders is often broken or
nonexistent. This updated edition of the bestselling book has been revised to help address the challenges of today’s business environment. Anchored in experience based case studies, this
remarkable book synchronizes a proven model for planning leadership succession and development for corporate organizations. The Second edition is an improvement based on
learning and review of the authors who have drawn their work at more than one hundred international companies over a period of ten years since the first edition of the book with the same title was published. The book under review is addressed to the leading corporate organizations, where the succession path of leaders/ chief executives is being formulated & executed on a continuous basis to perpetuate the organization and make it strong and robust while facing trials and tribulations of corporate growth and success.
Artificial intelligence (AI) is everywhere, promising self-driving cars, medical breakthroughs, and new ways of working. But how do you separate hype from reality? How can your company apply AI to solve real business problems?
Here’s what AI learnings your business should keep in mind for 2017.
Study: The Future of VR, AR and Self-Driving CarsLinkedIn
We asked LinkedIn members worldwide about their levels of interest in the latest wave of technology: whether they’re using wearables, and whether they intend to buy self-driving cars and VR headsets as they become available. We asked them too about their attitudes to technology and to the growing role of Artificial Intelligence (AI) in the devices that they use. The answers were fascinating – and in many cases, surprising.
This SlideShare explores the full results of this study, including detailed market-by-market breakdowns of intention levels for each technology – and how attitudes change with age, location and seniority level. If you’re marketing a tech brand – or planning to use VR and wearables to reach a professional audience – then these are insights you won’t want to miss.
Role of venture capital in the development of Rajasthan: Entrepreneurs perspe...inventionjournals
: Since independence there is significant improvement in the economic and social development of
Rajasthan for which role of venture capitalist is important. in this paper the researcher indented to highlight
the different industrial sector of Rajasthan which got benefited by different venture capitalist . and Also efforts
are made to determine the entrepreneurs perception regarding the role of venture capital for smooth
functioning of newly established companies. The research design used is exploratory in nature. The data is
being collected from the entrepreneurs of Rajasthan, RVCF and other websites, hence this research is based on
primary and secondary data. Correlation is used to determine the relationship between the role of venture
capital and development of Rajasthan . The results of this study would help venture capitalist to modify their
role and policies according to the changing needs of state’s entrepreneurs which will facilitate it’s adoption by
rural.
Key
A massive transformation is underway in the startup-funding ecosystem; the shift towards democratizing fundraising has meant that startups at every stage of the development cycle have greater access to capital than ever before. This new generation of fundraising has seen unprecedented growth of 167% in 2014, with an estimated global funding volume of $16.2billion (USD) rapidly proving to be a force capable of bridging the liquidity gap, and
reducing industry fragmentation for early stage startups.
The economic downturn of 2007 was a defining period in the fundraising ecosystem, and ultimately the marker responsible for changing the course of fundraising. Consequently, we have observed VC’s opting to de-risk their portfolios to later stage revenue generating firms, angels and super-angels are stepping in to fill the gaps where they are participating in much larger early-stage rounds, and finally, crowdfunding has seen explosive growth as an innovative new funding vehicle for very early stage startups and SMEs alike.
Crowdfunding for Women: The Capital Raising EqualizerPatch of Land
Crowdfunding for Women: The Capital Raising Equalizer is a presentation given by Reality Crowd TV Media Corporation to the University of Hartford Entrepreneurial Center for Women on 10/30/14.
Impact Grid is a project to harness the potential offered by blockchain and other emerging technologies to design a transparent, secure and decentralized platform for Impact Investing.
Research about accelerators, main important academic research . Selection, curation of +80 academic papers and reports in business accelerators, VC, CVC, Angel Business, Startups, Serial Entrepreneurs. Insights and conclusions of the main findings. (Draft for a Msc Business Innovation Thesis)
Crowdfunding and Startups: Why Angels & VC's Should Love CrowdfundingPatch of Land
Crowdfunding and Startups: Why Angels & VC's Should Love Crowdfunding was a presentation given by Manolis Sfinarolakis, the Founder of Reality Crowd TV Media Corporation, at MIT in front of Venture Capitalists, Angel Investors, and Startup Companies.
For Startups: Gives specific examples of why startups should considering using crowdfunding for their business.
For Venture Capitalists / Angels: Gives specific reasons of why venture capitalists / angels should see crowdfunding as a benefit to their investment plans.
Wharton FinTech - Launching a FinTech Venturewhartonfintech
Thinking of launching an entrepreneurial venture in the FinTech space? Wharton FinTech hosted George King of Infrastructure Group to discuss building a FinTech company, best practices / watch-outs, and key industry trends.
All about Startups! Definition, Stages, Sources of Funding, Obstacles, Reasons of Failure, Different Scenarios of India & U.S., Case studies on Whatsapp and Flipkart.
Innovation in Financial Institutions: a World Tour
Start Fund Q3 2009
1. THE START FUND A Seed/Startup Venture Fund working with, supporting and compensating Incubators, Universities and Economic Development Agencies Elliott Dahan Q3, 2009 [email_address] http://www.thegrowthgroup.com Office 650 903 9990
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3. Venture Risk Investing - One Size Does Not Fit All Paul Gompers and Josh Lerner attempted to quantify the venture capital effect. They found that 90% of start-ups that were unable to attract venture capital within the first three years failed, while the failure rate dropped to 33% for those that did attract venture capital. The (Not So) Puzzling Behavior of Angel Investors Darian M. Ibrahim University of Arizona Rogers College of Law February 2008 Little risk – IPOs are pre-sold or called off 1/3 losers; 1/3 breakeven & 1/3 average 5X return – Pretty much Blind Faith RISK LEVEL OF INVESTMENT The World Markets for IPO Geographic hubs – Silicon Valley, NY, LA, Seattle, London, Tel Aviv Same Day turnaround – investors/company can meet face-to-face and be home in 1 day GEOGRAPHIC REACH Operating groups within a corporation for M&A, Public markets for IPO VC funds for follow on rounds, corporations for M&A, investment bankers for IPOs VC Firm, Corporate partners, customers for company’s products CUSTOMER Can it be sold on the public market for IPO & does it meet corporate goals for M&A “ Traction” – validation by usage/acceptance of the target market (consumers, B2B) #1 – belief in the guys standing in front of you – can they really do what they say FUNDING CRITERIA EXIT STAGE (M&A or IPO) VC FUND STAGE SEED STAGE RISK STAGE / VARIABLE
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7. TECH SCOUTS/INTRODUCTIONS TheFunded.com Discussion Posted by Anonymous June 17, 2009 “ . . . . . . .After lots of research, we decided not to go the VC route. The size of the required investments coupled with the technical resources we would need convinced us that we should try and partner with a major existing player. One very large US corporation is already evaluating our proposal, but we would like to talk to more. We are having major problems finding a route into companies like GOOG, AMZN, YHOO etc. Cold emails aren't working. So here is the question: are there any companies out there that can make these introductions for us? I wasn't really thinking about M&A focused businesses, rather the equivalent of some sort of tech scouts – who can review our technology and then introduce us to the big boys. Thanks in advance for any ideas.” NOTE: the two elements every startup needs are: money and VALIDATION – COMMUNITY AND COLLABORATION ON A BOTTOMUP GLOBAL BASIS
17. In what geographic region does your group invest?: Within two-hours drive of the center of the group’s metropolitan area 28.4% Within four-hours drive of the center of the group’s metropolitan area 18.5% Only within our state or province 16.0% Within a region (i.e. Midwest or Southeast) 19.8% No geographical restrictions 17.3% NOTE – This geographic limitation greatly restricts the size of the seed pool thereby making seed investment more of an “avocation” than a “vocation” The START Fund, working with and compensating incubators, universities and economic development organizations for both pre-investment sourcing and post-investment oversight, will not be limited by geography – both within the United States and Internationally. 2008 Angel Group Confidence Survey Results Angel Capital Assoc. Feb., 2008
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33. Florida, the Next Hotbed of Venture Capital? Claire Cain Miller, NY Times, December 29, 2008 The state of Florida wants to tap into the billions of venture capital dollars invested in young companies each year. It is seeking venture capital funds in which to invest money from the $29.5 million Florida Opportunity Fund , established by the state to funnel more venture capital to Florida start-ups. The fund will look for regional and national venture capital funds that have done business in Florida and plan to invest in young Florida companies, particularly those developed at Florida universities and research institutions . Then, the fund will invest portions of its $29.5 million in those funds, with the goal of creating and growing Florida businesses. The fund is managed by Florida First Partners, which is a joint venture between Milcom Venture Partners, a Florida venture capital fund manager, and a Credit Suisse investment group that runs similar funds in Ohio, Michigan, Indiana, New York and Oregon . Venture capital is spreading outside its historic hotbeds in Silicon Valley and New England, but so far, Florida has not been getting a significant chunk of the money. The fastest-growing regions for venture capital investment over the last decade are New Mexico, Pittsburgh, Seattle, Los Angeles and the District of Columbia, according to the National Venture Capital Association.
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37. Michigan incubator partners with venture capitalist OU INC , Oakland University’s business incubator in Rochester, Mich., is partnering with venture capitalist Ian Bund to invest in growing Michigan companies -- including incubator graduates. Bund will base his new $30 million fund at the incubator, which will provide staffing and back-office support. Bund’s company, Plymouth Management, will provide funding for at least one full-time staff person to run an office at OU INC. Bund founded Plymouth Management in 2003 and has since helped take 34 companies public. Bund also is co-founder of Innovation Capital Ltd., which brings Australian technology to the U.S. The agreement between Bund and the university calls for the fund to invest between $500,000 and $2 million in either debt or equity in growth companies, defined as having revenue and approaching the point where they are cash-flow positive. David Spencer, executive director of OU Inc., projects that the fund will begin accepting applications and inquiries by this fall. Founded in 2001, OU INC has nine resident clients and five affiliate clients. It is one of 12 SmartZones, technology clusters recognized by the Michigan Economic Development Corporation for their ability to incubate and accelerate emerging companies. Together, SmartZone businesses have created 8,300 new jobs and attracted more than $1 billion in public and private investment. NBIA Review June, 2008