Grow Vc Mobile Brain Bank 2010 04 13p

everyone funding startups

Finance for Mobile and Internet BusinessesJouko Ahvenainen

London, April 13, 2010

everyone funding startupswww.growvc.com2

What is Grow VC?

Grow VC International offers a new global service to enable early phase funding Focus on web and mobile companies

Targeted at web and mobile companies that need $10,000 to $1,000,000 funding

Total transparency is essential for the service

Grow VC will offer three main services:1. Match-making for business angels to fund investment

opportunities and for startups to find private investors2. Service investment match-making, professionals can invest

their time and work in startup instead of dollars3. Community Investments, i.e. open virtual investment fund that

makes investments into startups based on its limited partners voting decisions


Background

The business environment of fast-growth companies has changed significantly over the past 15 years Internet and web 2.0 spreading funding model global #1 in their niche VC’s and business angels – typically local

Immediately global web and mobile companies look for global smart money, not limited to single country or state

New funding models are needed for early phase, but also to cover the needs of different kind of companies not only one type risk money


Vision and Mission

Vision: The next Silicon Valley is not a location, it is a platform and community on the Internet

Mission: Grow VC will provide the platform, service tool kit and partner network for the virtual Silicon Valley

www.growvc.com4


Grow VC: Platform and Market Placefor Efficient Start-up Funding

First services:1. Crowdfunding via Community Investments: Members invest 75 % of

the membership fee into startups, enough these micro-investments can also trigger a co-investment. Also serves as a peer-review process.

2. Matchmaking in community: Private Investors find direct investment opportunities and Startups find Private Investors

3. Professional service investments: Professionals can invest their time and work in start-up instead of equity

Membership fees starting from $20 a month to $140, depending on profile specifications (e.g. investment budget, funding target)

www.growvc.com6


Next steps

1. Local investment networks and entrepreneur communities: e.g. local incubators, universities and business angel networks

2. Virtual fund: institutional investors (e.g. VCs and LPs) can out-source seed investments to Grow VC

3. Open platform to build investment models, e.g. investors with similar interests can syndicate a virtual fund or local organization can build its own funding network with its own terms.

www.growvc.com7


Web and mobile businesses:new retail business

The new chasm is to get attention and users

It is like to sell goods through supermarkets, except No manufacturing costs No logistical issues The number of supermarkets and shelf

space is in principle limitless

To be successful Users must find your app directly, or You must get good supermarkets to put

your add to good shelf space, or Both of these options

Large micro-funding investment community can help to see potential success stories

www.growvc.com13


Web and mobile servicesfunding

1. Immediately global web and mobile companies look for global smart money, not limited to single country or state

2. Step-by-step funding If you cannot start mobile apps business with less than $200k, you must re-think

your approach Make it – launch it – improve it Successful companies don’t do it immediately right, but they use money carefully

and are able to change course as they learn

3. New funding models are needed for early phase, but also to cover the needs of different kind of companies not only one type risk money Someone can make simple apps for personal living without world-class ambitious,

and need some money to start Another one what to create fast growing business with hundreds of apps


Micro-investment is also aco-investment tool

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• Match-making

• Service investments

• Communityinvestments

• Support for investment process and

materials

Entrepreneurs who looks forfunding

InvestmentPartners, e.g. VC

Private Investors,e.g. angels

Start-upXXX

Start-upYYY

Start-upZZZ

Investment decisions:• Private investors

• Community of investors and entrepreneurs

Investment process:Managed by community


Jouko Ahvenainen

[email protected] (UK): +44 7889 833 165Tel (US): +1 415 287 0854Skype: jahven

www.growvc.comTwitter: @growvc

You don’t have to be Steve Jobs to be an entrepreneurYou don’t have to be Bill Gates to be an investorEveryone must start somewhereGrow VC – everyone funding startups

Grow Vc Mobile Brain Bank 2010 04 13p

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