Slides for a masterclass/workshop organized at the 2018 edition of Movin'On by Michelin, the "Davos of Sustainable Mobility"

1. June 1st 2018 | Movin’On | Montreal
@goodtechlab
Benjamin Tincq | ben@goodtechlab.io

2. Logarithmic Plot
The Great Acceleration
Moore’s Law = computing power X2 every 2 years

3. The Great Acceleration
Carlson’s Curve = Moore’s Law for biology
Logarithmic Plot

4. DIGITAL APPS
AND PLATFORMS
DATA & MACHINE
INTELLIGENCE
INTERNET
OF THINGS
AUTONOMOUS
VEHICLES
DIGITAL FABRICATION NEW MATERIALS CLEAN TECH LOW TECH
ROBOTICS BIO TECH BLOCKCHAINS VR / AR / MR
The Great Acceleration
Convergence = The Fourth Industrial Revolution

6. The Other Great Acceleration
Welcome to the Anthropocene
SOCIO ECONOMIC TRENDS EARTH SYSTEMS TRENDS

8. A Purchase Order From The Future
SDG Innovation = $12 Trillion / year Market Opportunity Until 2030

9. Carbon Law = Moore’s Law for Carbon
Halving CO2 emissions every decade

11. 21st Century Stakes vs 20th Century Organizations
How Do We Address The New Double Imperative?

12. Typical VC Fund structure (source: Hackerbay)
Typical VC Model
Crash Course in 1 min
Closed-End Fund = 10+2 years
- 3-5 years investment period
- 5-7 years holding period (before exit)
Typical Return Targets
- Portfolio: 5 to 15% year-on-year
- Company: 5X-10X
- only a few do this!!

13. Venture Capital Is Instrumental In Innovation
CB Insights Data For 2017
Venture Capital (VC)
● $165B invested in 2017
● ~ $825B assets (AUM)
● 50% growth since 2016
Corporate Venture Capital (CVC)
● $31B invested in 2017
● 18% of total VC (> entire VC 2013)
● 19% growth since 2016

14. « Investments made (...) to generate social and
environmental impact alongside a financial return. »
1 / Financial Return Expectation
2 / Impact Intentionality
3 / Impact Measurement
$114B assets in 2016 (reported to GIIN)
= 48% growth (vs $77B in 2015)
What Is Impact Investing?
Definitions and Data Points

15. Financial Performance of Impact Investing
Similar return range as traditional investing
PE/VC Impact Funds
● 82% aim for market-rate returns
● Returns similar to classic PE/VC
Private LPs (HNWI + family offices)
● 73% aim for market-rate returns
● 82% met or exceeded expectations

16. Impact Management Project
Shared framework developed by 700+ finance and impact organizations

17. Millenials: The Big Shift in Impact Investing?
Customers, Talent and Capital
1 / Shifting Customer Demands
● 90% would shift for a brand associated with a cause (Cone)
2 / Shifting Employee Aspirations
● 75% would take a pay cut for SR/impact (Cone)
● 43% plan to change jobs within 2 years (Deloitte)
3 / Shifting Wealth Allocation
● $30 Trillion “Great Wealth Transfer” from Boomers
● Tech Exit $$ invested in impact (ex: Obvious, Norrsken, POV, OSF, Zinc, ...)

18. Specialist
Generalist
Impact First Tech First

19. Unbundling Venture Capital
And How To Reinvent It
Capital
equity, quasi-equity, debt, evergreen, ...
Expertise
entrepreneurial, industry, tech/science, ...
Network
mentors, corporates, investors, media, …
Services & Tools
hiring, legal, PR, office/lab, design, ...
Brand
think YC, Sequoia, A16Z, Atomico, ...
Fundraise from LPs
Source Quality Dealflow
Perform Due Diligence
Support Portfolio Companies
Grow Network & Brand
VC Value
Proposition.
VC Key Activities.

22. Next Frontiers of Tech+Impact Investing ?
Customers, Talent and Capital
1 / From Billions To Trillions
2 / Global Players + Global Ecosystems
3 / Sector-Focused Funds (ex: sustainable mobility!)
4 / Involvement of Experienced Tech Founders
5 / Leveraging Innovative Fund Structures (see next section)

23. Head of Venture Capital
matthieu.van-der-elst@michelin.com
Founder & CEO
ben@goodtechlab.io