1T3XT BVBA, the iText Company http://itextpdf.com/

GentM #9: Business Angels

iText®:

The exception proves the rule

1T3XT BVBA, the iText Company http://itextpdf.com/

At the end of the day...

1T3XT BVBA, the iText Company http://itextpdf.com/

Money = Sales! At iText Software Corp. we make money since

2009

1T3XT BVBA, the iText Company http://itextpdf.com/

Sales = Market

0

1000

2000

3000

4000

Visits/Day

0

20000

40000

60000

80000

Unique visitors/Month

iText in Action 1st: 2006 2nd: 2010

1T3XT BVBA, the iText Company http://itextpdf.com/

Market = Product

Feb 2000 to Present

1T3XT BVBA, the iText Company http://itextpdf.com/

What about the government?

They talk the talk, but don’t walk the walk

Small companies don’t need subsidies! They need projects & money for value!

1T3XT BVBA, the iText Company http://itextpdf.com/

The role of a VC?

1T3XT BVBA, the iText Company http://itextpdf.com/

VC = Leverage! Give me a place to stand and I’ll move the Earth

(Archimed)

1T3XT BVBA, the iText Company http://itextpdf.com/

Without/with a VC

• 2000: Bruno, the engineer

• 2005: Bruno, the author

• 2006: Bruno, the marketeer

• 2009: Bruno, the business owner

• 2011: Bruno, the all-round entrepreneur

Things could have gone faster if a VC had provided

• A little bit of funding

• A whole lot of leverage

That didn’t happen, so we lost some time. So what?

1T3XT BVBA, the iText Company http://itextpdf.com/