Grow vc next workshop 2010 05-10
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Grow VC - Everyone funding startups
How to fix it?Crowd-funding and new funding models
Jouko Ahvenainen
May 11, 2010
Grow VC - Everyone funding startups
Sometimes you just knowwhen things don’t feel quite
right
Grow VC - Everyone funding startups
WE MUST ACTWhen something doesn’t work
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Grow VC - Everyone funding startups
When people don’t like how something works…
Grow VC - Everyone funding startups
its all about enabling entrepreneurship
and the freedom of innovation
…great things can happen
Grow VC - Everyone funding startups
Current Venture Capital market
Grow VC - Everyone funding startups
Venture Capital model is over 50 years old…
Grow VC - Everyone funding startups
…and it’s going downhill
Grow VC - Everyone funding startups
VC market includes $540 Million in transaction fees (~3 %, NVCA, 2010) A few VC managers CANNOT find all the good companies Business angel market is not effective
Market inefficiency
poor deal flow based on local/personal networks lack of information and tools
Grow VC - Everyone funding startups
enabling a more vibrant market via peer-to-peer and crowd-funding
Grow VC - Everyone funding startups
Vision The next Silicon Valley is not a location, it is a platform
and community on the Internet
Grow VC - Everyone funding startupsVir
tual S
ilico
n V
alle
y
“;+)
Grow VC - Everyone funding startups
MissionProvide the platform, service tool kit and partner network
for the virtual Silicon Valley
Grow VC - Everyone funding startups
Grow VC - Everyone funding startups
global
transparent
open
collaborative
efficient
Grow VC - Everyone funding startups
Kiva.org transactions well over $100 Million in 4 years Local Motors, Lego, NASA, Linux, TxtEagle, Zopa
Networked solutions =new frameworks
Grow VC - Everyone funding startups
IT IS NOT ONLY MONEY, BUTPEOPLE AND PASSION
There will be much more models, because
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Co-op was for creating togetherCo-op will again be for creating more together
Grow VC - Everyone funding startups
Buying and owning
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You can take money investments
and build with money
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Or you can take service investmentsand build with people
Grow VC - Everyone funding startups
AND HOW TO DO ITCrowd-funding
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Grow VC - Everyone funding startups
P2P and Crowd-fundingvia Community Investments
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Grow VC - Everyone funding startups
Match-making and negotiation tools
for private investments
Grow VC - Everyone funding startups
Professionalservice investments
Grow VC - Everyone funding startups
Freemium - Subscription based NO transaction fees Efficient due diligence
Standard term sheets, including partners in process
Grow VC will providethat networked solution
Grow VC - Everyone funding startups
Transparent global market place
Tools to find companies, make investments and manage investments
Together – Crowd, Business Angels and Institutional Investors
Create a connected global marketplace
Grow VC - Everyone funding startups
Open API’s to develop applications and services
Open to develop new funding and business models
Open
Grow VC - Everyone funding startups
Help to build the team and other key contacts to start
Ecosystem and community to find partners, people and other actors
Support good things, help new activities and build their own future – people do not only invest to get ROI
It is not only money
Grow VC - Everyone funding startups
WE HAVE A DREAM:more equal opportunities,
where entrepreneursand private investors unite
to accelerate innovation
Grow VC - Everyone funding startups
Trust Economy
Grow VC - Everyone funding startups
IT CREATES VALUEIt can work only if
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Grow VC - Everyone funding startups
Value to All Parties
Grow VC - Everyone funding startups
Start-ups
Community to find right type of investors around the world Tools to manage the investment process Market, develop and gain credibility to your company Build your team Build TRUST online
Grow VC - Everyone funding startups
Investors
A place to find early phase companies around the world Community peer-review indicators for interesting opportunities
(micro investment) Opportunity to diversify investments and risk Build your TRUST online
Grow VC - Everyone funding startups
Experts
Access to start-up companies and investors around the world Potential customers that need investment, legal, business
development and financial services Follow trends and new ideas globally Build your TRUST online
Grow VC - Everyone funding startups
WHAT NEXT?Excellent, but
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Grow VC - Everyone funding startups
“You don’t have to be Steve Jobs, to be an entrepreneur”
Grow VC - Everyone funding startups
”You don’t have to beBill Gates to be
an investor”
Grow VC - Everyone funding startups
”Everyone must start somewhere”
Grow VC - Everyone funding startups
Grow Venture Community
When do YOU start...?
Grow VC - Everyone funding startups
Jouko [email protected] (UK): +44 7889 833 165Tel (HK): +852 8120 7854Tel (US): +1 415 287 0854Skype: jahven - Twitter:@jahven
www.growvc.comTwitter: @growvc
Podcast: “Grow VC” in iTunes