Grow Vc Mobile Brain Bank 2010 04 13p
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Transcript of Grow Vc Mobile Brain Bank 2010 04 13p
everyone funding startups
Finance for Mobile and Internet BusinessesJouko Ahvenainen
London, April 13, 2010
everyone funding startupswww.growvc.com2
What is Grow VC?
Grow VC International offers a new global service to enable early phase funding Focus on web and mobile companies
Targeted at web and mobile companies that need $10,000 to $1,000,000 funding
Total transparency is essential for the service
Grow VC will offer three main services:1. Match-making for business angels to fund investment
opportunities and for startups to find private investors2. Service investment match-making, professionals can invest
their time and work in startup instead of dollars3. Community Investments, i.e. open virtual investment fund that
makes investments into startups based on its limited partners voting decisions
everyone funding startupswww.growvc.com3
Background
The business environment of fast-growth companies has changed significantly over the past 15 years Internet and web 2.0 spreading funding model global #1 in their niche VC’s and business angels – typically local
Immediately global web and mobile companies look for global smart money, not limited to single country or state
New funding models are needed for early phase, but also to cover the needs of different kind of companies not only one type risk money
everyone funding startups
Vision and Mission
Vision: The next Silicon Valley is not a location, it is a platform and community on the Internet
Mission: Grow VC will provide the platform, service tool kit and partner network for the virtual Silicon Valley
www.growvc.com4
everyone funding startupswww.growvc.com5
everyone funding startups
Grow VC: Platform and Market Placefor Efficient Start-up Funding
First services:1. Crowdfunding via Community Investments: Members invest 75 % of
the membership fee into startups, enough these micro-investments can also trigger a co-investment. Also serves as a peer-review process.
2. Matchmaking in community: Private Investors find direct investment opportunities and Startups find Private Investors
3. Professional service investments: Professionals can invest their time and work in start-up instead of equity
Membership fees starting from $20 a month to $140, depending on profile specifications (e.g. investment budget, funding target)
www.growvc.com6
everyone funding startups
Next steps
1. Local investment networks and entrepreneur communities: e.g. local incubators, universities and business angel networks
2. Virtual fund: institutional investors (e.g. VCs and LPs) can out-source seed investments to Grow VC
3. Open platform to build investment models, e.g. investors with similar interests can syndicate a virtual fund or local organization can build its own funding network with its own terms.
www.growvc.com7
everyone funding startupswww.growvc.com8
everyone funding startupswww.growvc.com9
everyone funding startupswww.growvc.com10
everyone funding startupswww.growvc.com11
everyone funding startupswww.growvc.com12
everyone funding startups
Web and mobile businesses:new retail business
The new chasm is to get attention and users
It is like to sell goods through supermarkets, except No manufacturing costs No logistical issues The number of supermarkets and shelf
space is in principle limitless
To be successful Users must find your app directly, or You must get good supermarkets to put
your add to good shelf space, or Both of these options
Large micro-funding investment community can help to see potential success stories
www.growvc.com13
everyone funding startupswww.growvc.com14
Web and mobile servicesfunding
1. Immediately global web and mobile companies look for global smart money, not limited to single country or state
2. Step-by-step funding If you cannot start mobile apps business with less than $200k, you must re-think
your approach Make it – launch it – improve it Successful companies don’t do it immediately right, but they use money carefully
and are able to change course as they learn
3. New funding models are needed for early phase, but also to cover the needs of different kind of companies not only one type risk money Someone can make simple apps for personal living without world-class ambitious,
and need some money to start Another one what to create fast growing business with hundreds of apps
everyone funding startups
Micro-investment is also aco-investment tool
www.growvc.com15
• Match-making
• Service investments
• Communityinvestments
• Support for investment process and
materials
Entrepreneurs who looks forfunding
InvestmentPartners, e.g. VC
Private Investors,e.g. angels
Start-upXXX
Start-upYYY
Start-upZZZ
Investment decisions:• Private investors
• Community of investors and entrepreneurs
Investment process:Managed by community
everyone funding startups
Jouko Ahvenainen
[email protected] (UK): +44 7889 833 165Tel (US): +1 415 287 0854Skype: jahven
www.growvc.comTwitter: @growvc
You don’t have to be Steve Jobs to be an entrepreneurYou don’t have to be Bill Gates to be an investorEveryone must start somewhereGrow VC – everyone funding startups