GS seminar approaching vc basics 20130327
-
Upload
pawel-chudzinski -
Category
Economy & Finance
-
view
1.872 -
download
1
description
Transcript of GS seminar approaching vc basics 20130327
Approaching VCs: Basics, DO’s and DON’Ts
Berlin, 27.3.2013
Early-stage Venture Capital firm based in Berlininvesting internationally (focus Europe)
SaaS
Network effects
Commerce
Current key investment themes and examples:
Currently investing Point Nine Capital Fund II (40m Euro)
PNC I - 6m Euro (launched 2009/10)
PNC II - 40m Euro (launched 2012)
Investment size: 100k - 1m Euro + follow-on
Stage: seed / series-A
Early stage investment landscape (largely simplified)
Angels / Accellerators / Incubators
VCs
Other investor types / financing sources
BANKS (need collaterals / cash flow / history)
CORPORATES (can make sense, issues with exit)
STATE SUPPORT (varies over time / by region)
VC investment landscape looking from Berlin(super simplified, based on perception and not exhaustive :-)
Stage
Investment size
Seed Series A Series B
€100k
Business Angels
€500k
€1-5M
€5M+
F&F
Accel-erators
Grants
How VCs work and make money....
Look for potential for fast growth:- market (opportunity / competition)
- team
VCs develop theses and patterns and spend a lot of time looking for companies that match them
Point Nine Capital in 2012:- 2500 business plans
- 10 investments=> we invested in 0.4% of business we have seen in 2012. other
investors will have a similar rate
VCs tend to specialise, but in general they look for:
Amazing teams
Great products
Huge / fast growing / not very competitive market opportunities
Great unit economics
Traction
Exit
Approach - network!
Do your research
Try not to cold approach
Networking wins, info@ is weakest channel
Approach - have a Deck!
+/- 10 slides - be visual + numbers
english only
no paper
no 50 page business plan
no NDAs
=> the initial info needs to grab attention and explain basics, not everything!
To be included in the basic info pack:
Simple/simplified concept description + vision
Product screenshots / links
Market definition and size (not always easy, but give it a go)
Competition / comparables
Traction / KPIs / unit economics
Team
Next 12 months budget / capital required
Get prepared!
Read (blogs > books):