How vc funds works

BARCAMP BA 2012

VANESA KOLODZIEJ @VANESAK [email protected]

• Early stage VC fund.

• Aims to transform local startups into

regional/global players.

• Based in Santiago, office in BA.

• All limited partners are entrepreneurs.

• All 5 general partners are

entrepreneurs. 2@VANESAK [email protected]

• Invests in early stage tech startups, $250k to $750k.

• Focus in mobile.

• 2MM fund size.

• In operation. 1 legacy investment, 5 new investments.

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• Invests in early stage tech startups, $250k to $750k.

• 21MM fund size.

• Operative March 2013.

MANAGING PARTNERStrategy

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PARTNER Expansion

PARTNERPublic Affairs

PARTNER Corporate Affairs

PARTNER Dealflow

@VANESAK [email protected]

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• Founded 7 companies, exited 3.• Did 2 LatAm roll-outs. • Participated in 1 IPO.• Invested in10 as angels, exited 2.• Founded the first LatAm accelerator,

Octantis, Santiago, 2005. • Created 1 entrepreneur program.• Directed 2 entrepreneur NGO.

• Other people money.

• Contacts/ Portfolio.

• Structure.

•Follow on.

•Asset class with the higher level of risk.

7@VANESAK [email protected]

• Limited Partners: write checks but do

no add value.

• General Partners: write checks and

add value: management.

• Analysts: do the leg work

8@VANESAK [email protected]

• Fund Philosophy.

• Who are the General Partners.

• Which rounds they do.

• What is their actual portfolio.

• Where in the investment cycle they

are.

• How many partners, how many

investments.

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• Limited partner: value they add.

• General partners: what are their

domain of expertise.

• Payment: Management fee 2.5% +

carried interest 20%.

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• Limited partner: value they add

• Portfolio approach: 90% will fail

• 30/30/40 investment spread

• Investments class A, B and C

• Potential for home run: black swan

• 1 company would/should pay the fund

How vc funds works

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