Discussion on Startups, Venture Capital and Entrepreneurshiplapalme/ift3225/Presentation-J... ·...
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Discussion on Startups, Venture Capital and Entrepreneurship JS Cournoyer [email protected] www.jscournoyer.com @jscournoyer
Transcript of Discussion on Startups, Venture Capital and Entrepreneurshiplapalme/ift3225/Presentation-J... ·...
Discussion on Startups, Venture Capital and Entrepreneurship
JS Cournoyer [email protected] www.jscournoyer.com @jscournoyer
Me
I’m not a moustache person
Father of Five
Family man
Community
I’m committed to the Startup Ecosystem
Work
I help entrepreneurs succeed
What is Venture Capital?
‣ financial capital provided to early-stage, high-potential, high risk, growth startup companies
‣ VC funds make money by owning equity in the companies they invest in, which usually have a novel technology or business model in high technology industries, such as biotechnology, IT, software, etc
‣ VC accounts for 21% of USA GDP and 11% of private sector jobs
According to Wikipedia
The new funding ecosystem
Open Source Software (free)
Dynamic Development Frameworks (free)
Cloud Computing (pay as you go)
Mass Market Distribution Platforms
Costs from concept to validation trending to $0
New funding model required
2004: SoftTech VC, SV Angels
First Super Angels
Today: Super Angels become Micro VCs
AngelList: 100s of Angels chasing deals
2005: Y Combinator
First Accelerator
Today: hundreds of Accelerators all over
the world
Today: Facebook valued at $80B
Twitter at $7-8B Zynga at + $10B Groupon at $20B Linkedin at $8B Pandora at $3B
Today: Dropbox valued at $4B AirBnB valued at $1B
Spotify at $1B Square at $1B Fourquare at ?
Today: VC funds getting bigger again
Sequoia at $1.3B Greylock at $1B Accel at $1.35B
Bessemer at $1.6B
What is Real Ventures?
‣ Invest in entrepreneurs and help achieve market validation
‣ Initial investment of $50K to $400K
‣ Target ownership of 10-25%
‣ Web, mobile, Saas, gaming, digital media tech, social, data optimization
‣ Invest up to $3M per company
A $50 MILLION
SEED FUND
What is Founderfuel?
‣ Mentor-driven accelerator program like Techstars ‣ 2 cohorts of 8-12 companies per year ‣ 12 weeks program in Montreal ‣ Mentor day ‣ Iteration, mentoring, coaching, access to networks ‣ Demo day ‣ ~$25K for 6% of the company
Should I start a company?
Should I apply to an Accelerator like
Founderfuel?
Should I raise VC money?
Should I join a startup?
