20150226 ppm oost
Transcript of 20150226 ppm oost
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Life Sciences Starters
“The Financial Challenge”
Pieter Rhemrev – PPM OostFebruary 26, 2015
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The Challenge
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The financial challenge
• Why?
• Subject of today!
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Agenda
1. Brief introduction of PPM Oost NV2. The main subject: The financial Challenge3. Lessons Learned4. Questions & Summary
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Introduction PPM Oost
• Regional venture capital fund
• Private fund, Public funding
• Public shareholders
• Revolving fund
• Matching fund
• Minority interest
• Standard VC conditions & terms
• Active shareholder
• Positive impact on regional economy
• Market returns (exit driven)
• Maximum € 2,5 mio
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Shareholders
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Our motivation
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Funds
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Facts & figures portfolio PPM Oost
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Figures Life Sciences & Health
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Portfolio
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Portfolio LS&H
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Agenda
1. Brief introduction of PPM Oost NV
2. The main subject: The financial Challenge
3. Lessons Learned
4. Questions & Summary
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The Financial Challenge
Entrepreneurs view:
• Enough funds available
• Good proposition
• Successful/profitable
• Success rate 5%-10%
Investors view:
• Many fail (20/80 rule)• Difficult to make a positive ROI
Conclusion:
• No science/formula• People's business
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The Financial Challengeeach phase of life cycle has its own source
Vouchers
RedMedtech Discovery Fund
Gelderland voor Innovaties
Vroege fase financiering (Rvo)
I.K.Informals/business angels
PPM Oost Funds
Family /own capital ------------------
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Bridge the challenge
Characteristics LS&H
• Capital intensive
• Long time to market
• Severe regulations
• Cost pressure
• High risk
Answers
• Good BP
• Second Opinion
• Experience
• Knowledge of the risks
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Bridge the Challenge
• People’s business
• Confidence
• Match
• Understanding
• Many meetings investors
• Meetings experts
• Improve BP
• Positive drive/attitude
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Agenda
1. Brief introduction of PPM Oost NV2. The main subject: The financial Challenge3. Lessons Learned4. Questions & Summary
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Lessons learned
• More time
• More money
• Too optimistic/ Not realistic
• No knowledge
• Find investor who understand the business
• Deep pockets
• Scenario’s
• Knowledge
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Agenda
1. Brief introduction of PPM Oost NV2. The main subject: The financial Challenge3. Lessons Learned4. Questions & Summary
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Financing is people's business
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Thank you for your attention