آینده سرمایه‌گذاری جسورانه

1. ‫ﻏﺎﻧﻢزاده‬ ‫ﻧﺎﺻﺮ‬
‫ﺟﺴﻮراﻧﻪ‬ ‫ﺳﺮﻣﺎﯾﻪﮔﺬاری‬ ‫آﯾﻨﺪهی‬

2. @ghanemzadeh

3. ‫اﯾﺮان‬ ‫در‬ ‫اﺳﺘﺎرﺗﺎپﻫﺎ‬ ‫اﻧﻔﺠﺎر‬

4. ‫اﯾﺮان‬
۴۵ ‫از‬ ‫ﺑﯿﺶ‬ :‫ﮐﺎرﺑﺮان‬
:‫ﻧﻔﻮذ‬ ‫ﺿﺮﯾﺐ‬ ‫ﻣﯿﻠﯿﻮن‬
٪۵۵ ‫از‬ ‫ﺑﯿﺶ‬
۷۰ ‫از‬ ‫ﺑﯿﺶ‬ :‫ﮐﺎرﺑﺮان‬
‫ﻣﯿﻠﯿﻮن‬
۸۰ ‫ﺣﺪود‬ :‫ﺟﻤﻌﯿﺖ‬
:‫ﺳﺎل‬ ۳۵-۲۰ ‫ﻣﯿﻠﯿﻮن‬
.‫م‬ ۳۰ ‫ﺑﺎﻻی‬
.‫م‬ ۴۰ ‫از‬ ‫ﺑﯿﺶ‬ :‫ﻫﻮﺷﻤﻨﺪ‬

5. ‫ﺳﺘﺎرهﻫﺎ‬ ‫ﻇﻬﻮر‬

6. ‫اﺳﺘﺎرﺗﺎپﻫﺎ‬ ‫روی‬ ‫ﺳﺮﻣﺎﯾﻪﮔﺬاری‬ ‫ﺑﻪ‬ ‫ﻧﯿﺎز‬
(‫ﭘﺬﯾﺮ‬ ‫)ﺧﻄﺮ‬ ‫ﺟﺴﻮراﻧﻪ‬
:‫ﻫﻮﺷﻤﻨﺪ‬ ‫ﭘﻮل‬
‫ﻗﻮی‬ ‫ﺷﺒﮑﻪی‬
‫ﺗﺠﺮﺑﻪ‬
‫ﺻﺒﺮ‬ ‫و‬ ‫ﺑﯿﻨﺶ‬
(‫)ﻋﻤﻠﯿﺎت‬ ‫اﺟﺮا‬ ‫در‬ ‫ﮐﻤﮏ‬

7. ‫اﺳﺘﺎرﺗﺎپﻫﺎ‬ ‫روی‬ ‫ﺟﺴﻮراﻧﻪ‬ ‫ﺳﺮﻣﺎﯾﻪﮔﺬاری‬
‫آﻏﺎز‬ /‫ﻣﺤﺼﻮل‬ ‫ﻫﻤﺨﻮاﻧﯽ‬ ‫ﮔﺴﺘﺮشﭘﺬﯾﺮی‬
Pre-Seed Seed Series A
‫ﺷﺘﺎبدﻫﻨﺪ‬
‫ﺳﺮﻣﺎﯾﻪﮔﺬار‬ ‫ﻓﺮﺷﺘﮕﺎن‬
(VC) ‫ﺟﺴﻮر‬ ‫ﺳﺮﻣﺎﯾﻪﮔﺬاران‬:‫ﻓﺮﺷﺘﮕﺎن‬ ‫ﮔﺮوه‬
‫ﺑﺎﻧﯿﺎن‬
‫ﮐﺎراﯾﺎ‬
‫اﯾﺮاﺗﻞ‬
‫ﺑﺮﮐﺖ‬
‫رﻫﻨﻤﺎ‬
‫ﺳﺮآوا‬
‫ﻟﻮﺗﻮس‬
(‫)روﯾﺶ‬
FFF
‫ﺧﻮدﮔﺮداﻧﯽ‬

8. VC Firm
(General Partner)
VC Fund
(Limited Partnership)
Paid 2% fee + 10-20% of Profits
Limited Partners
(public pension funds, corporate pension funds, insurance companies, high
net-worth individuals, family offices, endowments, foundations,
fund-of-funds, sovereign wealth funds, etc.)
Startup 1
(Ownership %)
Startup 2
(Ownership %)
Startup 3
(Ownership %)
Fund Management
Ownership of Fund
‫ﻣﯽﮐﻨﺪ؟‬ ‫ﮐﺎر‬ ‫ﭼﮕﻮﻧﻪ‬ (‫)اﺳﺘﺎﻧﺪارد‬ ‫ﺟﺴﻮراﻧﻪ‬ ‫ﺳﺮﻣﺎﯾﻪﮔﺬاری‬

9. ‫وﻟﯽ‬ ‫ﺳﯿﻠﯿﮑﻮن‬ :‫ﺗﺎرﯾﺨﭽﻪ‬
1891
1939
1956Shockley
Semiconductor
1957
1968
1976

10. ‫ﺟﺴﻮراﻧﻪ‬ ‫ﺳﺮﻣﺎﯾﻪﮔﺬاری‬ ‫ﺷﺮﮐﺖﻫﺎی‬ :‫ﺗﺎرﯾﺨﭽﻪ‬
1972
1972
1977
1983
2003
1995
2009

11. (~‍‍‍‍‍‍Power law‍ ) ۸۰/۲۰ ‫ﻗﺎﻧﻮن‬
Mike Maples, Floodgate

12. ‫اﺳﺘﺎرﺗﺎپﻫﺎ‬ ‫ﺑﻘﯿﻪ‬ ‫ﺑﺎزده‬ ‫ﺟﻤﻊ‬ ‫از‬ ‫اﺳﺘﺎرﺗﺎپ‬ ‫ﺑﻬﺘﺮﯾﻦ‬ ‫ﺳﺮﻣﺎﯾﻪﮔﺬاری‬ ‫ﺑﺎزده‬ ‫ارزش‬
‫ﺑﯿﺸﺘﺮ‬ ‫ﺷﺮﮐﺖﻫﺎ‬ ‫ﺑﺎﻗﯽﻣﺎﻧﺪه‬ ‫ﺑﺎزده‬ ‫ﺟﻤﻊ‬ ‫از‬ ‫دوﻣﯿﻦ‬ ‫ﺑﺎزده‬ ‫ارزش‬ .‫اﺳﺖ‬ ‫ﺑﯿﺸﺘﺮ‬
… ‫ﺻﻮرت‬ ‫ﻫﻤﯿﻦ‬ ‫ﺑﻪ‬ ‫و‬ ‫اﺳﺖ‬
Mike Maples, Floodgate
Power Law

13. Power Law

15. Power Law

16. Exit :‫ﻫﺎ‬VC ‫ﺳﺮﻣﺎﯾﻪی‬ ‫ﺑﺎزﮔﺸﺖ‬

17. ‫ﺻﺒﻮر‬ ‫ﺻﻨﻌﺘﯽ‬ :‫ﺟﺴﻮراﻧﻪ‬ ‫ﺳﺮﻣﺎﯾﻪﮔﺬاری‬

18. ‫ﻧﮕﺮ‬ ‫آﯾﻨﺪه‬ ‫و‬ ‫ﺟﺴﻮر‬ :‫ﺟﺴﻮراﻧﻪ‬ ‫ﺳﺮﻣﺎﯾﻪﮔﺬاری‬

19. ‫ﺳﺮﻣﺎﯾﻪ‬ ‫ﺑﺎزﮔﺸﺖ‬ ‫ﻣﺤﺮک‬ ‫ﻣﻮﺗﻮر‬ ‫ﺗﻤﻠﮏ‬

20. ‫آﻏﺎزﯾﻦ‬ ‫ﻣﺮاﺣﻞ‬ ‫ﺳﺮﻣﺎﯾﻪﮔﺬاران‬

21. AppDynamics

22. VC's big winners from the $3.3B Jet.com acquisition

23. @ghanemzadeh