《The Lean Investor》.ppt

* * * * * I know, too many bullets… * * * * * * * The Lean VC:a Silicon Valley 2.0 Story Dave McClure Founding Partner, 500 Startups (@DaveMcClure) http://500 Nokia Growth Partners – Nov 2010, SF Re-Inventing Venture Capital Angel Investing through Innovation, Incubation, Iteration Changes, Oh. Venture Capital 2.0 = Fewer, Smaller Funds ($100M) Death of Large Funds Birth of Super Angel Funds MA Market Changes Platforms = Distribution + Monetization (not Tech) Search (Google) Social (Facebook, Twitter) Mobile (Apple, Android) Incubators Metrics = Many Small Experiments (most FAIL) Y-Combinator, TechStars, SeedCamp Betaworks, fbFund REV, AngelPad 500 Startups Dave McClure: Bio 2000-2010: Investor: 100+ Startups (Mint, SlideShare, Twilio, WildFire) Blogger: Ranked #7 on Top 10 VC blogs (2009) Marketing: PayPal, Simply Hired, Mint, O’Reilly, Founders Fund Community: Startup2Startup, GeeksOnaPlane, StartupVisa Speaker: Startup Metrics for Pirates, Stanford Facebook class 80’s 90’s: Entrepreneur: Founder/CEO Aslan Computing (acq.) Developer: Windows App Dev / SQL DB Admin Engineer: Johns Hopkins ‘88, BS Eng / Applied Math 500 Startups LPMountain View, CA – Founded 2010 Seed Fund Startup Accelerator Program Design, Distribution, Data (AARRR!) 50+ Portfolio Companies Twilio Wildfire SendGrid MyGengo Erply Payvment FlowTown Medialets 500 Hats LLC(Personal Investments: 13 deals, 2004-2008, ~$300K) Results: 1 exit @ $170M (9x), +3-6 future wins 2 addtl exits @ $50M, $70M (advisory roles) Bix (acq YHOO) Jambool (acq GOOG) Founders Fund (Incubator/Seed Program: 43 deals, 2008-2010, ~$3M) Facebook fbFund 22 incubator deals ($850K) FF Angel LLC 21 seed deals ($2M) Results: 8 raised seed rd $500K+ 3 small exits Results: 6 raised Series A $2M+ 2 raised Series B $5-10M+ 1 early exit @ 4x FanBridge 500 Startups LP Fund I(50+ investments @ ~$100K avg) Wildfire Crave Tello AwayFind Indinero MyGengo Revnetics Mogotix EcoMom Zencoder GazeHawk Crocodoc SayHired Recurl