Nordic Venture Partners（三）.pptVIP

page Managing Innovation - Managing Change? Laurence Mc Donald Outline Introduction to a Venture (not Vulture) Capitalist How do we normally view innovation? How we normally View Innovation – the linear process The Reality: A journey between Ecstasy Despair Models for Working with Innovation Innovation and the organisation Innovation and the Market Product Innovation vs Service Innovation Implications for Managing Innovation Risk vs Innovation – For a VC managing Innovation is managing a set of risks Introduction to Venture Capital(ist) VC’s have a simple business model: buy shares a one price, add value to the share, and sell at a higher price. Venture capital investments are typically high risk investments with co-related high returns Our customers are typically institutions that manage very large amounts of money and need to diverse risk (2% allocation) Our return expectations are in the order of 10X the investment amount and our incentives are totally tuned to taking risk in return for high reward There is no standard profile for a VC; an interesting observation we will come back to! We don’t do the job the team does! Often called Vulture capitalists are some risk reduction mechanisms are very tough, e.g. the full ratchet (ratshit) NVP Investment Strategy, managing mEUR 320 Innovation the linear process Innovation the reality – a journey from Ecstasy and despair Innovation and the Organisation Innovation and the Market Product vs Service Innovation - A cash flow perspective Implications for Managing Innovation Innovation management should be viewed as change management  The nature of the innovation being managed needs to be understood  Then the organisation tools for that type of innovation put in place The place to start is with the recruitment! A VC view on Innovation Governance – Risk Management (not to be confused with risk avoidance) Thank You Q A Page * Telecommunication Technology Enterprise Applications Internet Applications Inves