Overview & analysis of the market from Pre-Seed, to Seed, Later Stage Seed / Seed Extension, Series, A, B, C, D to the private IPO phenomenon - understanding trends - which are crowded, overpriced, underpriced and key risk points
Why investing now is more attractive than ever before
What industries, sectors, company stage and geographies are best for you
Convertible notes - key points and the meaning beyond the moving parts
Priced equity rounds - key points and the meaning beyond the moving parts
Valuation concepts on pricing valuations when investing, exiting and risk tied to perceived exit multiples
Portfolio construction strategies for angels and VCs - how to allocate your capital
Best practices for sourcing deal flow and conducting due diligence
Tactics to get into oversubscribed deals
Strategies for continuing to invest in portfolio companies a 2nd, 3rd, 4th, 5th time, etc
Best practices for post investment information rights, governance, adding value and Different options to invest ranging from Angel List, to other investor platforms, angel groups, demo days, accelerators, VC funds, SPVs, tax breaks for UK, EU and Israeli taxy payers
Different options to get liquidity on the secondary market before definitive liquidity event for startup / how to sell some stock before the final exit
Silverwood Capital Fund I LLC formed to take advantage of a narrow niche in the mortgage note industry. The Company will seek to acquire, workout, and manage nonperforming real estate notes secured by residential 1-4 unit properties. While the primary emphasis will be focusing on nonperforming junior and Home Equity Line Of Credit (“HELOC”) notes, we will purchase select senior liens and REOs.
Using our network of banking and equity fund contacts, and advanced marketing techniques, the Fund will purchase mortgages and real estate at significant discounts to its underlying value. By focusing on distressed mortgages and properties, we know the potential for above average returns exist.
These securities are being offered under an exemption provided by SEC Regulation D Rule 506(c). Only accredited investors who meet the SEC Regulation D 501 “accredited investor” accreditation standards and who provide suitable verification of accredited status may invest into this Offering.
• Any historical performance data represents past performance. Past performance does not guarantee future results;
• Current performance may be different than the performance data presented;
• The Company is not required by law to follow any standard methodology when calculating and representing performance data;
• The performance of the Company may not be directly comparable to the performance of other private or registered funds or companies;
• The securities are being offered in reliance on an exemption from the registration requirements, and therefore are not required to comply with certain specific disclosure requirements;
• The Securities and Exchange Commission has not passed upon the merits of or approved the securities, the terms of the offering, or the accuracy of the materials.
Have you ever considered becoming an Angel Investor? Wondered why people join angel groups as opposed to going it alone? Then this session is for you.
Join MLA Chair and Angel Investor Gerard Buckley as he leads a session that will answer the following:
What is Angel Investing?
Why would someone be an Angel Investor?
Who are Angel Investors?
What types of companies do Angels invest in?
What is Maple Leaf Angels and what are the benefits of joining?
Andrew Romans - general partner of Rubicon Venture Capital.
Andrew Romans, based in Silicon Valley, is a successful VC-backed entrepreneur, author of two top-selling books on venture capital, former tech VC and M&A investment banker, cofounder of an angel group and now General Partner of Rubicon Venture Capital, a VC fund active in Silicon Valley, New York and Europe. Masters of Corporate Venture Capital and The Entrepreneurial Bible to Venture Capital have been translated into Chinese, Japanese and Russian by major publishers.
Romans raised over $48m for tech startups he founded by the age of 28. He has continually raised VC funding as a founder, banker or VC ever since. Romans was the founder and General Partner of The Founders Club and also acted as the Managing Director of EMEA at VC-backed Sentito Networks (acquired by Verso Technologies) and managed enterprise software sales in Europe at VC-backed Motive Communications (NASDAQ IPO). He founded a global angel group and turned that into a venture capital group Rubicon Venture Capital. He is also a frequent VC guest speaker on TV shows including MSNBC, CNBC and ABC, as well as various TV channels in China and Russia. He was born in Japan, lived in Europe for 15 years and is fluent in English, German, and French and can speak conversationally in Slovak. He began his career in 1993 working in the UNIX computing industry at Pencom Systems in New York, Silicon Valley, and Austin. He holds a BA from the University of Vermont and an MBA in finance from Georgetown University, which he completed on scholarship.
Silverwood Capital Fund I LLC formed to take advantage of a narrow niche in the mortgage note industry. The Company will seek to acquire, workout, and manage nonperforming real estate notes secured by residential 1-4 unit properties. While the primary emphasis will be focusing on nonperforming junior and Home Equity Line Of Credit (“HELOC”) notes, we will purchase select senior liens and REOs.
Using our network of banking and equity fund contacts, and advanced marketing techniques, the Fund will purchase mortgages and real estate at significant discounts to its underlying value. By focusing on distressed mortgages and properties, we know the potential for above average returns exist.
These securities are being offered under an exemption provided by SEC Regulation D Rule 506(c). Only accredited investors who meet the SEC Regulation D 501 “accredited investor” accreditation standards and who provide suitable verification of accredited status may invest into this Offering.
• Any historical performance data represents past performance. Past performance does not guarantee future results;
• Current performance may be different than the performance data presented;
• The Company is not required by law to follow any standard methodology when calculating and representing performance data;
• The performance of the Company may not be directly comparable to the performance of other private or registered funds or companies;
• The securities are being offered in reliance on an exemption from the registration requirements, and therefore are not required to comply with certain specific disclosure requirements;
• The Securities and Exchange Commission has not passed upon the merits of or approved the securities, the terms of the offering, or the accuracy of the materials.
Have you ever considered becoming an Angel Investor? Wondered why people join angel groups as opposed to going it alone? Then this session is for you.
Join MLA Chair and Angel Investor Gerard Buckley as he leads a session that will answer the following:
What is Angel Investing?
Why would someone be an Angel Investor?
Who are Angel Investors?
What types of companies do Angels invest in?
What is Maple Leaf Angels and what are the benefits of joining?
Andrew Romans - general partner of Rubicon Venture Capital.
Andrew Romans, based in Silicon Valley, is a successful VC-backed entrepreneur, author of two top-selling books on venture capital, former tech VC and M&A investment banker, cofounder of an angel group and now General Partner of Rubicon Venture Capital, a VC fund active in Silicon Valley, New York and Europe. Masters of Corporate Venture Capital and The Entrepreneurial Bible to Venture Capital have been translated into Chinese, Japanese and Russian by major publishers.
Romans raised over $48m for tech startups he founded by the age of 28. He has continually raised VC funding as a founder, banker or VC ever since. Romans was the founder and General Partner of The Founders Club and also acted as the Managing Director of EMEA at VC-backed Sentito Networks (acquired by Verso Technologies) and managed enterprise software sales in Europe at VC-backed Motive Communications (NASDAQ IPO). He founded a global angel group and turned that into a venture capital group Rubicon Venture Capital. He is also a frequent VC guest speaker on TV shows including MSNBC, CNBC and ABC, as well as various TV channels in China and Russia. He was born in Japan, lived in Europe for 15 years and is fluent in English, German, and French and can speak conversationally in Slovak. He began his career in 1993 working in the UNIX computing industry at Pencom Systems in New York, Silicon Valley, and Austin. He holds a BA from the University of Vermont and an MBA in finance from Georgetown University, which he completed on scholarship.
Common Traps Israeli Founders Fall for in the US MarketGil Ben-Artzy
Growing a startup is hard enough, but doing so in a foreign market adds a whole new set of challenges and complexities. Misaligned expectations, unfamiliar business practices and cultural differences can have a dramatically adverse impact on the startup, despite the strong foundational skill set that Israeli founders often possess.
Join Gil Ben-Artzy, UpWest Founding Partner, for an interactive talk on the most common traps Israeli founders fall for in the US market, and how they can be avoided.
Gil’s takeaways are based on UpWest’s experience building the largest portfolio of Israeli startups headquartered in the US. Since 2012, UpWest has invested in 80 Israeli startups targeting the US market that have raised over $600M, including companies such as SentinelOne, Airobotics, and HoneyBook.
Acquiring Your First US Customer (1/14/20, Tel Aviv)Gil Ben-Artzy
So you founded a startup based in Israel, but your target customers are all the way in the US. How do you approach customers so far away? And when is the right time?
In this interactive session, UpWest Founding Partner Gil Ben-Artzy will cover topics including when in the product dev cycle to first engage with US customers, how to build your sales pipeline, and how to identify early adopters.
Gil will draw from his experience investing in Israeli startups targeting the US market, including case studies from UpWest portfolio companies.
UpWest is a Silicon Valley-based venture fund investing in Israeli entrepreneurs looking to break into the US market. Our portfolio has raised $1B in follow-on funding from over 200 investors. Select investments include SentinelOne, HoneyBook, Jolt, Stampli, and CyCognito.
This is the first in a series of UpWest's US Market Series on penetrating and scaling in the US market.
The Changing Relationship Between Investors and Investments OurCrowd
Take this opportunity to meet OurCrowd’s new president, Anthony DeChellis, who brings to the discussion his extensive experience in the private banking and institutional finance world. Anthony previously served as CEO of Private Banking Americas at Credit Suisse, headed Private Wealth Management at UBS, and held a range of leadership positions at Merrill Lynch, including Manager of the European Private Banking Business.
Everything You Need to Know about Preemptive RightsOurCrowd
Have you been following the growing trend in continuity funds?
Listen to our 30-minute session with OurCrowd Investment Partner David Stark to learn how professional investors use preemptive rights to get further involved in winning companies.
• Get an insider’s view of how to leverage preemptive rights in startup investing
• Understand the basics of continuity funds and review case studies
• Learn how to get involved at a time when companies are staying private longer
For the narrated version with original fonts, visit:
http://venturecompany.com/videos/sovc
After the preeminent presentation on The State of Venture Capital has been viewed (bullet-by-bullet) by close to 11,000 people, we revised The State of Venture Capital, narrated and updated it with the latest findings from 2012.
Insider's Guide to Raising Early-Stage CapitalNnamdi Okike
An insider's guide to raising early-stage capital. An explanation of the key things to think about when raising early-stage funding from angels, angel groups, and venture capital firms.
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/
The Lifecycle of an OurCrowd Investment: Following a Company's Progress from ...OurCrowd
This presentation came from a webinar we conducted February 4, 2014, entitled The Lifecycle of an OurCrowd Investment: Following a Company's Progress from Due Diligence to Investment (and Beyond).
How OurCrowd chooses which early stage companies to invest in
The tools we create for investors to do their own research
What successful investors can do to maximize value AFTER an investment is made
How our portfolio companies receive support from us in future investment rounds
Things startups need to know if they want to raise capital from Silicon ValleyJeff Clavier
I used this deck in a keynote at the Kima Ventures portfolio day, in Paris (France) on Dec 9, 2013. Kima has a very large portfolio of investments, mostly located outside of the US. Founders often hope to raise capital in Silicon Valley over the course of their financing journey, and my goal was to draw their attention to the traps and pitfalls ahead of them.
Presentation given by Elad Gil on raising a seed round.
Gil is an investor in Airbnb, Airtable Coinbase, Gusto, Instacart, Stripe, Square, Opendoor, Pinterest, Wish and other companies as well as author of High Growth Handbook.
https://www.amazon.com/High-Growth-Handbook-Elad-Gil/dp/1732265100/
Angel investing is a great way to participate in the growing trend of entrepreneurship. Responsible investing is very important for the health of your portfolio and for your relationships with founders. Don't invest without understanding a few simple things. Equity investments are long term relationships. Investors must do their part to be good investment partners.
These are the things I learned about Angel Investing. If you're thinking about investing in startups, either directly or via services like AngelList, my hope is that these tips can help you avoid some common mistakes.
Learn whats needed to become an Angel Investor in today's world. Start your Start-up journey here!
About Author:
Manish is the co-founder of www.LetsVenture.com
Manish is a passionate mentor & business coach. He works with technology start-ups to help them get established and started-ups in helping them scale. As an angel investor he also invests in innovative start-ups.
Manish serves on the board of companies ranging from technology businesses, consumer businesses, e-commerce to employability like Freshersworld.com, Moontara Technovations etc. He is also an active mentor on the CIIE Mentor Edge Panel (IIM Ahmedabad), Start-up Village (Kochi) and Venture Labs (Standford University).
Chapter 8 from Romans' book "Masters of Corporate Venture Capital" Lists the most active CVCs globally and in the USA as well of lots of numbers and analysis on CVC broken down by sector, stage and geography.
Common Traps Israeli Founders Fall for in the US MarketGil Ben-Artzy
Growing a startup is hard enough, but doing so in a foreign market adds a whole new set of challenges and complexities. Misaligned expectations, unfamiliar business practices and cultural differences can have a dramatically adverse impact on the startup, despite the strong foundational skill set that Israeli founders often possess.
Join Gil Ben-Artzy, UpWest Founding Partner, for an interactive talk on the most common traps Israeli founders fall for in the US market, and how they can be avoided.
Gil’s takeaways are based on UpWest’s experience building the largest portfolio of Israeli startups headquartered in the US. Since 2012, UpWest has invested in 80 Israeli startups targeting the US market that have raised over $600M, including companies such as SentinelOne, Airobotics, and HoneyBook.
Acquiring Your First US Customer (1/14/20, Tel Aviv)Gil Ben-Artzy
So you founded a startup based in Israel, but your target customers are all the way in the US. How do you approach customers so far away? And when is the right time?
In this interactive session, UpWest Founding Partner Gil Ben-Artzy will cover topics including when in the product dev cycle to first engage with US customers, how to build your sales pipeline, and how to identify early adopters.
Gil will draw from his experience investing in Israeli startups targeting the US market, including case studies from UpWest portfolio companies.
UpWest is a Silicon Valley-based venture fund investing in Israeli entrepreneurs looking to break into the US market. Our portfolio has raised $1B in follow-on funding from over 200 investors. Select investments include SentinelOne, HoneyBook, Jolt, Stampli, and CyCognito.
This is the first in a series of UpWest's US Market Series on penetrating and scaling in the US market.
The Changing Relationship Between Investors and Investments OurCrowd
Take this opportunity to meet OurCrowd’s new president, Anthony DeChellis, who brings to the discussion his extensive experience in the private banking and institutional finance world. Anthony previously served as CEO of Private Banking Americas at Credit Suisse, headed Private Wealth Management at UBS, and held a range of leadership positions at Merrill Lynch, including Manager of the European Private Banking Business.
Everything You Need to Know about Preemptive RightsOurCrowd
Have you been following the growing trend in continuity funds?
Listen to our 30-minute session with OurCrowd Investment Partner David Stark to learn how professional investors use preemptive rights to get further involved in winning companies.
• Get an insider’s view of how to leverage preemptive rights in startup investing
• Understand the basics of continuity funds and review case studies
• Learn how to get involved at a time when companies are staying private longer
For the narrated version with original fonts, visit:
http://venturecompany.com/videos/sovc
After the preeminent presentation on The State of Venture Capital has been viewed (bullet-by-bullet) by close to 11,000 people, we revised The State of Venture Capital, narrated and updated it with the latest findings from 2012.
Insider's Guide to Raising Early-Stage CapitalNnamdi Okike
An insider's guide to raising early-stage capital. An explanation of the key things to think about when raising early-stage funding from angels, angel groups, and venture capital firms.
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/
The Lifecycle of an OurCrowd Investment: Following a Company's Progress from ...OurCrowd
This presentation came from a webinar we conducted February 4, 2014, entitled The Lifecycle of an OurCrowd Investment: Following a Company's Progress from Due Diligence to Investment (and Beyond).
How OurCrowd chooses which early stage companies to invest in
The tools we create for investors to do their own research
What successful investors can do to maximize value AFTER an investment is made
How our portfolio companies receive support from us in future investment rounds
Things startups need to know if they want to raise capital from Silicon ValleyJeff Clavier
I used this deck in a keynote at the Kima Ventures portfolio day, in Paris (France) on Dec 9, 2013. Kima has a very large portfolio of investments, mostly located outside of the US. Founders often hope to raise capital in Silicon Valley over the course of their financing journey, and my goal was to draw their attention to the traps and pitfalls ahead of them.
Presentation given by Elad Gil on raising a seed round.
Gil is an investor in Airbnb, Airtable Coinbase, Gusto, Instacart, Stripe, Square, Opendoor, Pinterest, Wish and other companies as well as author of High Growth Handbook.
https://www.amazon.com/High-Growth-Handbook-Elad-Gil/dp/1732265100/
Angel investing is a great way to participate in the growing trend of entrepreneurship. Responsible investing is very important for the health of your portfolio and for your relationships with founders. Don't invest without understanding a few simple things. Equity investments are long term relationships. Investors must do their part to be good investment partners.
These are the things I learned about Angel Investing. If you're thinking about investing in startups, either directly or via services like AngelList, my hope is that these tips can help you avoid some common mistakes.
Learn whats needed to become an Angel Investor in today's world. Start your Start-up journey here!
About Author:
Manish is the co-founder of www.LetsVenture.com
Manish is a passionate mentor & business coach. He works with technology start-ups to help them get established and started-ups in helping them scale. As an angel investor he also invests in innovative start-ups.
Manish serves on the board of companies ranging from technology businesses, consumer businesses, e-commerce to employability like Freshersworld.com, Moontara Technovations etc. He is also an active mentor on the CIIE Mentor Edge Panel (IIM Ahmedabad), Start-up Village (Kochi) and Venture Labs (Standford University).
Chapter 8 from Romans' book "Masters of Corporate Venture Capital" Lists the most active CVCs globally and in the USA as well of lots of numbers and analysis on CVC broken down by sector, stage and geography.
Angel Investing Made Easy, Shanti Mohan, BangaloreSanjay Jha
Angel Investing Made Easy
Workshop for angel investors; quick primer on angel investing, valuations, Term Sheets, SHA, trends, how syndicates and Lead Investor model works.
The workshop is aimed at acquainting HNIs and prospective investors with early stage risk investments in start-ups.
It is structured to impart an understanding on developing and maintaining a deal flow of startups, enabling discussions with practicing angel investors and learning through case studies which reflect the realities of angel investing in India, for HNIs and new angels in India.
Behold CVC - The Founders' Perspective on What to Watch Out forAlexander Marten
Was verbirgt sich hinter CVC? Was sind die Haupttreiber, wie nutzen Konzerne CVC um Ihre Ziele zu erfüllen und warum gibt es so wenig Erfolgsgeschichten? So wie Konzerne CVC aufgesetzt haben, ist es schwierig Erfolge zu erzielen. Startups sollten sich bei einem Investment durch CVC sehr genau überlegen, ob und wie dieser Investor zum Produkt passt.
What is the deal with CVC? What is the main goal, how do corporates want to achieve it and why are there so few success stories? The way corporates have set up CVC is maybe not doomed to fail, but rigged in a way that success is very hard to achieve. Startups should look out if a CVC investor is really the right one for their product.
SME and Entrepreneurship Access to Finance: An OECD ScoreboardOECDglobal
Presented at the July 2012 Meeting of the OECD-MENA Initiative's Working Group on SME Policy, Entrepreneurship and Human Capital Development http://www.oecd.org/mena/investment
How to Add Value To Your Small Business with Effective BrandingVisible Logic, Inc.
An overview of what branding is and why branding is important. Explains how a strong brand can charge higher prices, attract better customers and clients and increase the value of the business. The presentation talks about why graphic design is at the heart of a strong brand identity, and the elements of an effective brand identity.
"Introduction to 500 Startups" presentation will provide you a comprehensive overview of various activities that we do to promote startup ecosystem globally, discover best early stage companies and help them grow.
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.
Quit Trying to Buy Me, I’m Busy Disrupting You… Unveiling Aggressive New Technology Acquirers? - Workshop by Storm Duncan, Joint Global Head of Technology M&A, Global Head Technology Enabled Transportation of Jefferies at the NOAH Conference Berlin 2017, Tempodrom on the 23rd of June 2017.
Newt is a cloud-based Software as a Service (SaaS) platform enabling enterprises to offer digital financial products and services. Digital financial technologies and infrastructure are reshaping payments, commerce, and access to financial services, creating a growing market opportunity for digital financial service disruptors like Newt.
Purple Innovation: A Rising Digitally-native Brand Unicorn Hiding in Plain SightDrew Peng
The following presentation attempts to outline both the opportunities and challenges faced by the Company and its new management team as it seeks to capture its fair share of the rapidly emerging, digitally-native mattress market. While Purple faces challenges as it emerges from startup mode, the opportunities to grow into a profitable, truly differentiated player are massive and importantly, not merely hypothetical or speculative. As a small-cap, public company with minuscule non-founder free float, Purple is not well covered by sellside analyst research. This presentation hopefully serves as a good overview of the Company, its competitive position, challenges, and future prospects based on readily-available public information.
CROWDFUNDING 2022 - Crowdfunding from the Investor's PerspectiveFinancial Poise
This webinar focuses on the opportunities that crowdfunding makes available to the investor, and how the investor should go about navigating this new world. We begin with a basic overview of the new regulatory regime, the requirements to invest, and the on-boarding process one should expect. We then dive deeper into the market opportunity, including how to access and select investments, and expectations investors should set for themselves and the projects they select. This is not intended to support any specific deal selection, but instead sheds a light upon the basic selection criteria available, the method to go about investing and what to avoid.
Part of the webinar series: Crowdfunding 2022
See more at https://www.financialpoise.com/webinars/
This is an older version. The latest version of this deck can be found here: https://www.slideshare.net/fabulis/simple-token-v70-project-deck-for-14-november-2017-ico
Simple Token is the bridge between crypto-currencies and mainstream consumer apps.
Any app can launch branded tokens on open scalable side-chains, powered by Simple Token, a protocol for consumer-app tokenization and an ERC-20 utility token.
We will launch Simple Token on 1 November, 2017, to empower the ecosystem and finance further development of the protocols and platform.
Crowdfunding from the Investor's Perspective (Series: Crowdfunding 2020) Financial Poise
This webinar focuses on the opportunities that crowdfunding makes available to the investor, and how the investor should go about navigating this new world. We begin with a basic overview of the new regulatory regime, the requirements to invest, and the on-boarding process one should expect. We then dive deeper into the market opportunity, including how to access and select investments, and expectations investors should set for themselves and the projects they select. This is not intended to support any specific deal selection, but instead sheds a light upon the basic selection criteria available, the method to go about investing and what to avoid.
Crowdfunding from the Investor's Perspective (Series: Crowdfunding)Financial Poise
This webinar focuses on the opportunities that crowdfunding makes available to the investor, and how the investor should go about navigating this new world. We begin with a basic overview of the new regulatory regime, the requirements to invest, and the on-boarding process one should expect. We then dive deeper into the market opportunity, including how to access and select investments, and expectations investors should set for themselves and the projects they select. This is not intended to support any specific deal selection, but instead sheds a light upon the basic selection criteria available, the method to go about investing and what to avoid.
To view the accompanying webinar, go to: https://www.financialpoise.com/financial-poise-webinars/crowdfunding-from-the-investors-perspective-2021/
Before Series A - Convertible Note and Series Seed Funding for Startups ldef2001
Presentation explaining the differences between Convertible Notes and Seed Stage Equity, the important terms of each funding structure and the pros/cons of each.
Our latest quarterly "State of Blockchains" report on developments in the blockchains space, across startups, government and corporate adoption. This information has been provided to help build knowledge and understanding in the emerging blockchain and DLT space.
Simple Token - V5.7 (Older version) -- Follow link below for Version 7.0 for ICOOST | Open Simple Token
PLEASE NOTE:
This is an older version. The latest version of this deck can be found here: https://www.slideshare.net/fabulis/simple-token-v70-project-deck-for-14-november-2017-ico
Simple Token is the bridge between crypto-currencies and mainstream consumer apps.
Any app can launch branded tokens on open scalable side-chains, powered by Simple Token, a protocol for consumer-app tokenization and an ERC-20 utility token.
We will launch Simple Token on 1 November, 2017, to empower the ecosystem and finance further development of the protocols and platform.
At Techbox Square, in Singapore, we're not just creative web designers and developers, we're the driving force behind your brand identity. Contact us today.
What is the TDS Return Filing Due Date for FY 2024-25.pdfseoforlegalpillers
It is crucial for the taxpayers to understand about the TDS Return Filing Due Date, so that they can fulfill your TDS obligations efficiently. Taxpayers can avoid penalties by sticking to the deadlines and by accurate filing of TDS. Timely filing of TDS will make sure about the availability of tax credits. You can also seek the professional guidance of experts like Legal Pillers for timely filing of the TDS Return.
Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
Affordable Stationery Printing Services in Jaipur | Navpack n PrintNavpack & Print
Looking for professional printing services in Jaipur? Navpack n Print offers high-quality and affordable stationery printing for all your business needs. Stand out with custom stationery designs and fast turnaround times. Contact us today for a quote!
Putting the SPARK into Virtual Training.pptxCynthia Clay
This 60-minute webinar, sponsored by Adobe, was delivered for the Training Mag Network. It explored the five elements of SPARK: Storytelling, Purpose, Action, Relationships, and Kudos. Knowing how to tell a well-structured story is key to building long-term memory. Stating a clear purpose that doesn't take away from the discovery learning process is critical. Ensuring that people move from theory to practical application is imperative. Creating strong social learning is the key to commitment and engagement. Validating and affirming participants' comments is the way to create a positive learning environment.
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
Kyiv PMDay 2024 Summer
Website – www.pmday.org
Youtube – https://www.youtube.com/startuplviv
FB – https://www.facebook.com/pmdayconference
The world of search engine optimization (SEO) is buzzing with discussions after Google confirmed that around 2,500 leaked internal documents related to its Search feature are indeed authentic. The revelation has sparked significant concerns within the SEO community. The leaked documents were initially reported by SEO experts Rand Fishkin and Mike King, igniting widespread analysis and discourse. For More Info:- https://news.arihantwebtech.com/search-disrupted-googles-leaked-documents-rock-the-seo-world/
Company Valuation webinar series - Tuesday, 4 June 2024FelixPerez547899
This session provided an update as to the latest valuation data in the UK and then delved into a discussion on the upcoming election and the impacts on valuation. We finished, as always with a Q&A
Premium MEAN Stack Development Solutions for Modern BusinessesSynapseIndia
Stay ahead of the curve with our premium MEAN Stack Development Solutions. Our expert developers utilize MongoDB, Express.js, AngularJS, and Node.js to create modern and responsive web applications. Trust us for cutting-edge solutions that drive your business growth and success.
Know more: https://www.synapseindia.com/technology/mean-stack-development-company.html
3. www.rubicon.vc3
andrew@rubicon.vc
Twitter: @RomansVentures
www.linkedin.com/in/romans
• Very active venture capitalist in Silicon Valley & New York – Rubicon Venture
Capital – roughly 1 new investment per month – unique value add platform for startups
VC-backed Entrepreneur - The Global TeleExchange (The GTX), a $50M venture-backed
telecom VoIP venture…Raised $27m from Lucent Technologies + $20m VC
• VC investment banker / advisor - Georgetown Venture Partners & Georgetown
Angels
• Founder of The Founders Club (42 VCs on the advisory board)
• Author and frequent venture capital speaker on CNBC & msnbc
• Fluent in English, German & French, conversant Slovak – lived 15 years in Europe
• BA University of Vermont, Duke University, FU Berlin, MBA in Finance from
Georgetown University on scholarship
ANDREW ROMANS, RUBICON VENTURE CAPITAL
5. www.rubicon.vc5
• Overview & analysis of the market from Pre-Seed, to Seed, Later Stage Seed / Seed
Extension, Series, A, B, C, D to the private IPO phenomenon - understanding trends -
which are crowded, overpriced, underpriced and key risk points
• Why investing now is more attractive than ever before
• What industries, sectors, company stage and geographies are best for you
• Convertible notes - key points and the meaning beyond the moving parts
PROGRAM FOR THE DAY 1/3
6. www.rubicon.vc6
• Priced equity rounds - key points and the meaning beyond the moving parts
• Valuation concepts on pricing valuations when investing, exiting and risk tied to
perceived exit multiples
• Portfolio construction strategies for angels and VCs - how to allocate your capital
• Best practices for sourcing deal flow and conducting due diligence
• Tactics to get into oversubscribed deals
PROGRAM FOR THE DAY 2 / 3
7. www.rubicon.vc7
• Strategies for continuing to invest in portfolio companies a 2nd, 3rd, 4th, 5th time, etc
• Best practices for post investment information rights, governance, adding value and
Different options to invest ranging from Angel List, to other investor platforms, angel
groups, demo days, accelerators, VC funds, SPVs, tax breaks for UK, EU and Israeli taxy
payers
• Different options to get liquidity on the secondary market before definitive liquidity
event for startup / how to sell some stock before the final exit
PROGRAM FOR THE DAY 3/ 3
8. www.rubicon.vc
Secondaries
THE PROCESS OF STARTUP FINANCINGS
Founders,
Friends, Family,
Credit Cards &
Customer Revs
Pre-Seed
Seed
(Demo Day
Context)
Seed
Extension /
Later Stage
Seed
Series A Series B
Series C Series D
Pre-IPO /
Mezzanine
9. www.rubicon.vc9
DIFFERENT STA GES OF INVESTING
Pre-Seed
Demo
Day Seed
Later
Stage
Seed
Series A Series B
Pre-IPO
Growth &
Secondaries
Smart, but a lot of
work / needs a
machine
Crowded easy to access
over priced
Less easy to access
slightly over priced
Difficult to access
optimal risk / reward
Difficult to access
optimal risk / reward
Crowded difficult to access
over priced w/protection
10. www.rubicon.vc10
TECH VC MORE ATTRACTIVE NOW THAN EVER BEFORE
• 5.6x more Internet users now than in 2000. Women who make more than
50% of consumer purchase decisions are online (fixed and mobile).
• Broadband connections are 120x faster. 1995 56k modems > today 6.7 Mbps
average US Internet connection.
• People are mobile connected everywhere all the time. Personal, location
aware, at point of purchase. 138m US smartphone users, up 18.8% since 2012.
99m US tablet users, up 42.3% since 2012.
• Everyone socially connected driving viral growth rates. Facebook 1bn
active monthly users. Twitter 288m. LinkedIn 200m. YouTube 4bn+ hours of
video watched by 1bn+ monthly users.
11. www.rubicon.vc11
TECH VC MORE ATTRACTIVE NOW THAN EVER BEFORE
• Everyone has credit cards with single click to purchase. Apple ecosystem
$25bn up from zero in 2008
• Amount of LP money addressing series A & B down. Most so-called VC dollars
are investing in growth not VC. Amount of actual committed VC capital is far
less now than in 1998 and today’s system should require more to be right-
sized
• Amount of money investing in Seed increasing. Number of startups being
created is increasing brings more funded deal flow to A & B rounds where Rubicon is
focused
• VC is the best place to position for a shift in the economy or correction of
possible bubble. Pre-Seed, Seed, Growth and PE will be hit hard compared to early stage
VC
12. www.rubicon.vc12
1999 VS 2 014 – WE ARE NOT IN A BUBBLE
1999 2014
US tech funding $ $71bn $48bn
Funding as % US Tech GDP 10.8% 2.6%
S&P IT index forward P/E 39.0x 16.1x
Global Internet Population 0.4bn people 3bn people
US e-commerce revenues $12bn $304bn
Number of IPOs 371 53
Median time to IPO 4 years 11 years
Source: Andreessen Horowitz
70% of VC dollars are actual private IPO expansion capital / Not enough VC cash in system
13. www.rubicon.vc13
SECTORS, STAGE & GEOGRAPHIES BEST FOR YOU?
Internet & Software
Consumer
Enterprise
Hardware
Cleantech
Medtech
Biotech
GEOGRAPHY
SECTOR FOCUS
STAGESeed
Later
Stage
14. www.rubicon.vc14
THE DIFFERENT PROCESSES OF A VC’S JOB
Plan Fund /
unique
positioning
Recruit
team
Source
deals
Vet deals
and Due
Diligence
Seduce the
CEO &
other VCs
Complete
investment
Collect info to
make future
investment
decisions
Add value to
investment &
improve your
reputation
Impact the
exit
Collect info
& report to
LPs / Events
Build VC
brand and
recruit more
team
Raise next
fund
Where do you fit or what makes you interesting enough to start a fund?
15. www.rubicon.vc15
• Why convertible note vs a priced round?
• Cap or discount rate to the next priced round – lower of the
two
• Discount rate - 10% to 30% - 20% is the norm – uncapped
notes?
• Interest rate – 4% to 8% - 5% or 6% is the norm
• Conversion feature – what happens if NewCo is sold prior to
a priced round. 1x, 2x, 3x or cap
• Maturity date or SAFE note – 12, 18 or 24 months
• What’s behind the moving parts?
• Pricing for success
CONVERTIBLE NOTES
16. www.rubicon.vc16
• Pre-money valuation = $10m (classic example)
• Size of financing round = $5m (classic example)
• Post money Valuation + 15m (pre + round)
• % to new investors = round / post (small number / big number = 33% in this example.
Modern times investors get less – in-your-head-math pre is 2x size of round on 33% deal)
• % dilution to insiders (1-% to new investors)
• Target 10x upside for early / 4x upside for later stage
• Liquidation prefs, pro rata rights, information rights, governance
• Get a 1x liquidation pref or walk otherwise founders & existing investors are not confident
• No pro rata and we walk away at Rubicon
• If we don’t have good close working chemistry with CEO we walk away
PRICED ROUNDS
17. www.rubicon.vc17
LIQUIDATION PREFS STRUCTURING
• Seed stage investors should get a 2x liquidation preference and
win in acqui-hire exits (McClure is one of few that pulls this off –
very smart, but hard to get)
• All other investors should get 1x liquidation prefs
• Newest investors investing at high valuations may get 1x senior
liquidation pref, or 1.2x or higher to justify high valuations
• Use liquidation prefs in concert with valuations and secondaries
• Buying founder shares without liquidation prefs is dangerous
and should be priced accordingly – structured deals such as
investor makes 1.5x and then splits with seller
• Only use law firms active in the local market place and use
standard terms
18. www.rubicon.vc18
• Most VCs have some kind of focus on stage, sector and geography and often strategy is driven by
investors in the fund
• Timeless elements in the investor decision making equation…
• Team is number 1 – MANAGEMENT, MANGEMENT, MANGEMENT!!!!!!!!!!!!!!!!!!!
• Market is number 2 and don’t invest unless you have 1 and 2 – IT’S GOT TO BE BIG to cover fees
and risky losses
• Team must be a fit to take on the market – subject matter experts born to disrupt that market
• Product - VC is typically product centric. Technology must be a miracle to drive growth and keep
out competitors. Never be seduced by a product with bad management and no clear market
• Traction – in a horse race if your horse is in the lead and you drop rocket fuel funding…
• Investor value add – @Rubicon if we can’t add value we don’t invest
• Take on a lazy incumbent – if one big fat lazy company has 80%+ of the market a new startup
can disrupt and take a slice and make a 100x for investors
WHY INVEST? WHAT’S MOST IMPORTANT?
19. www.rubicon.vc19
• 10x potential for early investments
• 4x potential for later stage investments
• 2x potential with 1x downside near zero risk protection via prefs for large amounts
• Get 1x senior liquidation pref for each investment / prefs and pre-money are
interchangeable
• Performance warrants – get paid if you are super value add
• Make sure each valuation is low enough that each next financing will be an up-round.
Down rounds kill founders, early and small investors
• Know the market and do some math. Sanity check your numbers and back your way into
a valuation to make sure the return is commensurate with the risk
• Can you afford to wait 3 or 7 years before the first exit? Who are you?
VALUATIONS & STAGE
20. www.rubicon.vc20
• What’s your total amount of capital to be invested over how
long a period of time?
• Startup and stage diversification
• Vintage diversification – investing at the top of a bubble curve
vs bottom of downturn
• How many investments will / can you make over a 3 year
period?
• What’s your average first check size, follow on check, reserve
amount?
• What stage can you muscle into?
PORTFOLIO CONSTRUCTION 1/2
21. www.rubicon.vc21
• Can you access more money next year, next, next, next year?
• VCs with 8 investments in the fund are crazy
• VCs investing in 15 over 5 years are crazy
• Pre-seed requires 100+ diversification
• Seed requires 30+
• Series A should have 20+
• Optionality concept: invest in 25 and throttle 50% of fund
capital into top 5 to 10 performers
• Later stage should target 10 to 25
PORTFOLIO CONSTRUCTION 2 /2
22. www.rubicon.vc22
IMPORTANCE OF DEAL FLOW & ABILITY TO CLOSE
• Deal flow is the life blood of a fund
• A fund with 3,000 high quality deals per year is better than a
fund with 1,000 high quality deals per year
• A fund with lots of bad deal flow is worthless
• Deal flow is not enough, investors must convince the
CEO, founders & other VCs that you add value not just
capital or stupid enough to over pay
• Must have ability to demonstrate what value you bring
beyond just cash
23. www.rubicon.vc23
• How can you see 100% of all the deals
• Big funnel, invest in small sub-set
• Blogs, Twitter, books, TV
• Produce and attend events
• Lots of public speaking
• How can you get other VCs to bring you deals?
SOURCING DEAL FLOW AND CONDUCTING DD
24. www.rubicon.vc24
• Strategy /brand to be unique
• Strategy /brand to source new deals
• Strategy /brand to close into the oversubscribed deal
• Strategy /brand to make all founders and VCs love you and
want to work with you
• Strategy /brand to raise more capital
WHAT’S YOUR BRAND?
25. www.rubicon.vc25
• Adding value
• Information rights
• Governance
• Continuing to invest in portfolio companies
• Accessing enough information to make future investment
decisions
POST INVESTMENT GAME
26. www.rubicon.vc26
• Angel List & other investor platforms
• Angel groups – hunt in packs
• Accelerators, demo days & pre-demo day investing
• Tax breaks for UK, EU and Israeli tax payers
• Special Purpose Vehicles (SPVs)
• Invest into VC fund, Fund of Funds or start a corporate VC
• Start your own fund & all of the above
DIFFERENT OPTIONS TO INVEST
27. www.rubicon.vc27
• How to get your money out after investing
• M&A trade sales
• IPO
• Secondary market for direct investment
• Secondary market for LP interest
• Investment pace and positioning for vintages
THE LADDER TO LIQUIDITY
28. www.rubicon.vc28
• 2% annual management fee
• 20% carry
• Dynamics around 2 & 20
• Stacking fees and diversification among vintages
• Positive dynamics of multiple funds at once
VENTURE CAPITAL REVENUE MODEL
29. www.rubicon.vc29
• Financial return
• Access to innovation
• Access to information in Silicon Valley, New York, London and
Israel
• Protection against becoming obsolete
• Leverage existing resources and capabilities
• Response to deferred IPO
• Personal goals
• Become a VC
WHAT ARE YOUR TOP OBJECTIVES AS AN INVESTOR
30. www.rubicon.vc30
RUBICON FUND THESIS
Our thesis: If we can’t add value we don’t invest
How we add value: Network of angel, corporates and
institutional investors across the US, Canada, Europe,
China and Japan
A new model of venture capital: Investors in Rubicon’s
fund may co-invest on a deal-by-deal basis
Sidecar funds pay part of their deal-by-deal carry / profit as
a distribution to the main fund. Better for startups, better
for investors, better for Rubicon: win-win-win
31. www.rubicon.vc31
INVESTMENT FOCUS
Geography: Silicon Valley & New York Offices, US-focus, may invest
globally but prefer Northern Europe (London, Stockholm, Berlin,
Amsterdam, Paris)
Sector focus: Software/internet companies and some hardware/software
Enterprise and Consumer
Stage:
• Raised a min of $1 million already
• Must see at least one other VC in the deal with us
• Current round provides 18 to 24 month runway
• Potential for 10x return
• Seeing significant traction—typically in terms of revenue growth but
also user growth and engagement
• Capital efficient businesses with potential to grow very quickly
32. www.rubicon.vc32
CO-INVESTMENT MODEL
VC Fund
Invests in later
stage seed
VC Fund
Invests in VC
Series A & B
Sidecar Invests
in Later Stage
Growth
LPs Co-
Invest with
the VC Fund
LPs Co-
Invest with
the Fund
LPs may
Invest
until Exit
Investors in our VC fund may co-invest with our fund from later stage
Seed, to Series A to very late stage pre-IPO rounds typically too late for
most VCs. Investors only co-invest in the deals they like
Angels, family offices & corporates deserve the same access to high
quality deals and terms as VCs, not just angel financings
35. www.rubicon.vc35
Masters of Corporate Venture Capital
Every corporate with $1bn revs should
launch a FoF and CVC
CVC should sit right next to Corp Dev and
Strategy
NEXT BOOK
36. www.rubicon.vc36
Do 2 favors for someone you meet tonight
It’s the magic dust
Make 2 intros for someone from tonight. Good karma will come back to you
Crossing the Rubicon
In the centuries since Julius Caesar led a Roman legion across the Rubicon
River, “crossing the Rubicon” has become synonymous with irrevocably
committing oneself to a bold and revolutionary course of action. At Rubicon
we’re committed to revolutionizing venture capital and building a lasting
venture capital franchise to last many generations.
Andrew@Rubicon.vc
QUESTIONS & DISCUSSION