33. DOW JONES VENTURE SOURCE
EUROPEISANUNDERSERVEDOPPORTUNITY
EUROPEANEXITSARE25%SMALLER
BUTENTRYVALUATIONSATEALYSTAGE
ARE3-4XCHEAPER
TODAYEUROPEPRODUCES
1/2ASMANYEXITSASU.S.
AND1/3OF$100M+EXITS
WITHONLY20%OFU.S.VC
onlyafewstrongeuropeanVCssurvivedthe2001DOTCOMCRASH
U.S.VCsretractedfromEuropeandhavebeenslowtoreturn
MEDIANCASH-ON-CASH
$100M+EXITMULTIPLE
4.5X
U.S.
7.2X
EUROPE
DEALFLOWISGROWING
12%CAGR
34. A STARTUP IS...
an experiment in search
of a business model- steve blank
35. SCALABLE
STARTUP
transition company
business model found
product/market fit
repeatable sales model
managers hired
break-even
profitable
rapid scale
new senior management
~150 people
“a startup is not a smaller
version of a large company”- steve blank
36. A STARTUP IS A COMPANY
THAT IS CONFUSED ABOUT:
!
1. WHAT ITS PRODUCT IS,
!
2. WHO ITS CUSTOMERS ARE,
!
3. HOW TO MAKE MONEY
- DAVE MCCLURE
45. FUND+ECOSYSTEMDRIVER
INVESTMENTSCONFERENCES & EVENTS EDUCATIONAL PROGRAMS
LEADINGSTARTUP
GATHERINGINCEE
BRIDGE TO SILICON VALLEY REAL VALUE ADD
physicalpresence,establishednetwork
and partnershipswithtopinvestors,
platforms,andmajorenterprises
hands-onmarketingandgrowth
consultingforportfoliocompanies
connectiontoaworldofmentors