Anatomy of an Early Stage VC - Berlin Tech Open Air 2014 Satellite-Event by Point Nine Capital
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On July 17th 2014 the crew of Point Nine Capital (www.pointninecap.com) took part in the Berlin Tech Open Air 2014 (TOA - http://toaberlin.com/) and hosted a workshop on the "Anatomy of an Early Stage VC" at Point Nine's office in Berlin-Mitte. This is the related presentation held by Nicolas Wittenborn and Mathias Ockenfels.
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Anatomy of an Early Stage VC - Berlin Tech Open Air 2014 Satellite-Event by Point Nine Capital
- 1. Anatomy of an Early Stage VC Mathias Ockenfels & Nicolas Wittenborn TOA Satellite July 17, 2014
- 2. Donโt know Point Nine? Maybe you know some of our investments: @PointNineCap
- 3. Point Nine Capital Founded in Berlin 2011 Investing โฌ100k-1M from โฌ40M Fund In Europe & North America @PointNineCap
- 4. Oslo Portfolio (exc.) Vancouver Washington D.C Auckland WarsawEdmonton New York Berlin Barcelona Paris Riga San Francisco Las Vegas Krakow
- 5. Investment Focus Other 19% Marketplaces 15% SaaS 65% We <3 SaaS @PointNineCap
- 6. Financing Landscape (EU) Seed Series A Series B โฌ100k Business Angels โฌ500k โฌ1-5M โฌ5M+ F&F Crowdfunding Caveat: Drastically simpli๏ฌed. Expect blurry lines, pixelated logos & a changing landscape. GrantsAccelerators @PointNineCap
- 7. We see a lot of companies Q1 2014 = 3,000 Startups / Year @PointNineCap
- 8. The VC Process Startup First Contact Evaluation Due Diligence Deal Memo Term Sheet Legal DD Deal ColdNetwork Outgoing ( ) Agree on terms Ready to invest Get lawyers involvedDecide internally 3,000 10
- 10. Homerun 1 Make money 2 Money back 2 Lose money 5 VCs are wrong often in 10 investments
- 11. Fund Math Fund Size Goal Exit Proceeds Avg. Ownership Exit req. ! Investments ! Unicorn (1B+) Pony (100M+) Foal (10M+) ! โฌ40M 3x+ Cash on Cash โฌ120M+ 10-15% โฌ800M-1.2B ! 30-40 ! 1-2 10+ 100+ ! Fund maker potential 3-5% 25-30% 250%+
- 12. The VC Business Model LPs & GPs Cash & Carry Fund Lifecycle @PointNineCap
- 14. Thatโs all for today! @PointNineCap
- 15. Some good resources - Blogs www.avc.com www.bothsidesofthetable.com www.feld.com And of course heyni.co :) @PointNineCap
- 16. Some good resources - Books VCs at Work (Shah) Venture Deals (Feld & Mendelson) Delivering Happiness (Hsieh) @PointNineCap
- 17. Some good resources - Other Quora (Q&A) This Week in Startups (podcast) Something Ventured (movie) @PointNineCap
- 18. Q&A