Venture capital（二十三）.pdfVIP

Venture Financing Business Coach Venture capital Catalyst for ICT SMEs Francisco Sandeja, BGN Ventures, The Philippines High-technology ventures are unique as they require certain high-tech startups since they give superior returns. Exit from key ingredients, namely: investment through IPO or acquisition by a larger company is Innovative products and/or services based on intellectual very important since funds have to be returned to the inves- property (IP), such as patents and copyrights; tors. VCs are more than just financiers; they bring high-level skill sets and experiences to the high-tech startups by: Products that are priced on value and quality not on cost; Validating market assumptions; Significant initial investments of time, money and human resources (typically highly trained and experienced engi- Providing strategic and operational advice, at least at the neers); board level; Many man-years of research, development and engineer- Sharing synergies and wealth of experience from their ing (RDE); and portfolio companies and past startups; High barriers to entry (hard to replicate). Sharing global network of contacts crucial to the startup’s Investing in