Venture Capital Resource Guide
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2017 Flywheel Investment Conference’S Mission Is to Educate Our Community on the Exciting and KEYNOTE SPEAKER Varied Opportunities of Investing in Startup Businesses
To discover and promote opportunities in North Central Washington MAY 4, 2017 WENATCHEE, WASHINGTON www.flywheelconference.com is presented by: ABOUT FLYWHEEL AGENDA 10:00am 2:00pm - 2:50pm PRE-CONFERENCE SEMINAR ON WHAT IS THE DIFFERENCE BETWEEN RAISING CAPITAL FOR STARTUPS VENTURE CAPITAL & PRIVATE EQUITY? presented by Moderated by Chrismon Nofsinger, Nofsinger Group Panelists include: • Aaron Richmond, Endeavour Capital 11:30am • Andy Dale, Montlake Capital, LLC CONFERENCE CHECK-IN OPENS • Erik Benson, Voyager Capital • Todd Marker, Alpine Pacific Capital 12:00pm - 1:00pm • Cole Younger, Arnold Venture Group LUNCHEON AND 3:00pm - 3:50pm The 2017 Flywheel Investment Conference’s mission is to educate our community on the exciting and KEYNOTE SPEAKER varied opportunities of investing in startup businesses. These startups have the potential to bring significant Introductions by Jenny Rojanasthien, COMPANY PRESENTATIONS economic development to our area. Our goal is to create a dynamic, annual event that brings investors, Steve Wright & Shiloh Schauer Moderated by Wiley Kitchell capital resources and startup businesses together. of Moss Adams Capital LLC Presentation by Jonathan Evans Flywheel is directed by Jenny Rojanasthien, Executive Director of GWATA, a 501c3 with a mission to Co-President of Skyward: A Verizon company iFoodDecisionSciences Inc. bring people and technology resources together. Flywheel is also supported by Shiloh Schauer, Executive Diane Wetherington | Founder Director of the Wenatchee Valley Chamber of Commerce. 1:00pm -
Jun Zhang (10742239) Msc
To Which Extend Do Material Incentives Matter? A Study on Backers’ Motivation behind Crowdfunding Behaviour Master Thesis Student: Jun Zhang (10742239) MSc. in Business Administration - Entrepreneurship and Innovation Faculty of Business and Economics of UvA Supervisor: First Supervisor: Dr. G.T. Vinig Second Supervisor: Dr. W. van der Aa Date: 26 Jun 2015 (Final Version) Statement of Originality This document is written by Student Jun Zhang, who declares to take full responsibility for the contents of this document. I declare that the text and the work presented in this document is original and that no sources other than those mentioned in the text and its references have been used in creating it. The Faculty of Economics and Business is responsible solely for the supervision of completion of the work, not for the contents. Page 2 of 91 Contents Acknowledgement ..................................................................................................................... 5 Abstract ...................................................................................................................................... 6 1. Introduction ........................................................................................................................ 7 1.1 Academic Relevance ................................................................................................. 10 1.2 Managerial Relevance ............................................................................................... 11 1.3 Thesis Outline .......................................................................................................... -
Resources for Startups and Entrepreneurs Microwork
Resources for Startups and Entrepreneurs 1. Microwork 2. Sharing Economy 3. The Investment Cycle 4. EU SME and Startup Funds 5. Microlending, Microfinancing, and Microcredit 6. Crowdfunding (P2P Financing) 7. Alternative Lending 8. Vendor/PO Financing and Online Factoring 9. Other Sources of Financing 10 Resources Microwork (get paid for fulfilling tasks online) Amazon Mechanical Turk LiveOps InnoCentive Samasource Paid online survey sites Kindle Direct Publishing (self-publishing) Craiglist (classified ads) Monster (find a job) Newsy or CNN iReport (citizen journalism) YouTube Partner (share ad revenues) CCNow (accept credit cards and PayPal payments) Amazon Associates (get a commission on referred sales) EBay or Etsy or Alibaba (sell things, including handicrafts) Shareconomy (Sharing Economy) View introductory video AirBnB or Couchsurfing (share your home for a fee) Eatwith or Kitchensurfing (host a meal and get paid) Vayable (become a tour guide) Uber or Lyft or Sidecar (give rides in your car) BorrowedBling or Girl Meets Dress or Rent the Runway (lend your jewelry and haute couture for a fee) Yerdle or Snap Goods (Simplist) or Open Shed (swap, rent, or borrow things) Relay Rides or Getaround (rent out your car) Favor Delivery (get deliveries – or deliver) Task Rabbit (handyman services) Waze (community rides) The Investment Cycle Register firm in target market Doing Business Equity structure Common stock Stock options Convertible debt Series A Preferred Stock (convertible to common stock on IPO/sale) Investment Cycle - Overview Seed -
GREATER SEATTLE TECHNOLOGY ECOSYSTEM Study & Entrepreneur’S Guide (2017)
2017 Seattle Technology Ecosystem Study GREATER SEATTLE TECHNOLOGY ECOSYSTEM Study & Entrepreneur’s Guide (2017) Brent DeCracker (MBA Candidate) R. Joe Ottinger Christian Michelet (MBA Candidate) iInnovate Leadership Network Denis Trapido (Faculty Coordinator) [email protected] UWB school of business January 2018 A collaboration between iInnovate and University of Washington Bothell School of Business 1 2017 Seattle Technology Ecosystem Study ABOUT THE AUTHORS IINNOVATE LEADERSHIP NETWORK UNIVERSITY OF WASHINGTON | BOTHELL Iinnovate Leadership Network is a leadership network and advisory firm for The University of Washington Bothell is a the innovation economy helping leaders rapidly developing UW campus just north innovate, scale up, and renew their of Seattle. Its School of Business focuses companies. Iinnovate’s services include on top quality research, excellence in professionally moderated forum groups, teaching, and community engagement. leadership education, and innovation The School’s undergraduate and MBA | growth | renewal advisory. Iinnovate programs inspire business excellence by was founded by Joe Ottinger a former ensuring that current and future leaders management consultant with Harvard have the skills needed to be successful Business School professor John Kotter, in a constantly changing business world. tech executive, and author. Joe cares UW Bothell is known for providing deeply about transforming companies, a participatory student experience communities, and lives through grounded in hands-on learning, close innovation. He and his company have relationships with faculty as teachers and published the Seattle Tech Ecosystem mentors, and the personalized support Study and Entrepreneur’s Guide for of staff who are dedicated to student the last 3 years providing insights to success. The campus is also distinguished entrepreneurs, investors, and service by its focus on cross-disciplinary research providers. -
Bloomberg Briefs
Wednesday June 8, 2016 www.bloombergbriefs.com MedMen Seeks $100 Million for Marijuana Investments QUOTED BY AINSLIE CHANDLER, BLOOMBERG BRIEF Medical cannabis management company MedMen is raising its first institutional fund "This is the toughest decision- as it tries to capitalize on investors' interest in legal marijuana enterprises. making environment that I MedMen is trying to raise $100 million for MedMen Opportunity Fund, according to think we have ever been in.... firm founder and Chief Executive Adam Bierman. Yesterday, JPMorgan comes MedMen, founded in 2009, previously acted as a management company for out and they say there is a 36 businesses with medical marijuana licenses. It also invested money from family offices and venture funds in special purpose vehicles where the investors held the cannabis percent chance of a licenses, Bierman said in a May 26 interview. recession. As a CIO or head Existing investors pushed the firm to raise a fund to allow for greater diversification in of private equity, what do you their portfolios, he said. do with that?" “If you are a multi-billion dollar family office or an institutional quality investor, you are — Glenn Youngkin, President and COO of not making one-off investments in the $3 million to $5 million range with single-asset Carlyle Group, at a conference June 7 exposure in a market that is complicated from a regulatory environment,” Bierman said. The Los Angeles-based firm held a first close on the WEEK IN NUMBERS fund in May and hopes to have a final close within six months, Bierman said. $13.5 billion — Extra return MedMen The fund will invest in cannabis-related projects, he Calstrs calculates it earned from its said. -
Expert Report of Anindya Ghose (Replacement Copy)Ag November 1, 2016
PUBLIC Before the UNITED STATES COPYRIGHT ROYALTY JUDGES The Library of Congress In the Matter of Docket No. 16-CRB-0003-PR (2018-2022) DETERMINATION OF RATES AND TERMS FOR MAKING AND DISTRIBUTING PHONORECORDS (PHONORECORDS III) EXPERT REPORT OF ANINDYA GHOSE (REPLACEMENT COPY)AG NOVEMBER 1, 2016 PUBLIC Table of Contents I. Assignment ..........................................................................................................................1 II. Summary of Opinions ..........................................................................................................1 III. Qualifications .......................................................................................................................2 IV. Brief Background on Permanent Downloads, Ringtones, Interactive Streaming, and Locker Services, and On Related Industry Trends ..............................................................4 A. Permanent Downloads and Ringtones .....................................................................4 B. Interactive Streaming ...............................................................................................6 C. Locker Services ........................................................................................................7 D. Related Trends in the Digital Music Industry ..........................................................9 V. Current and Proposed Mechanical Royalty Rates For Permanent Downloads, Ringtones, Interactive Streaming, and Locker Services ....................................................10 -
Market Analysis, Economics and Success Drivers of Equity Crowdfunding
Dipartimento di Impresa e Cattedra di Advanced Corporate Management Finance MARKET ANALYSIS, ECONOMICS AND SUCCESS DRIVERS OF EQUITY CROWDFUNDING RELATORE: CANDIDATO: Prof. Cristiano Cannarsa Salvatore Luciano Furnari CORRELATORE: Matr. 691441 Prof. Raffaele Oriani Anno Accademico 2016/2017 1 Contents Introduction ............................................................................................................. 4 Chapter 1 – Equity crowdfunding ............................................................................. 6 1.1 Definition and origins ..................................................................................... 6 1.2 Classification .................................................................................................. 8 1.2.1 Equity crowdfunding and other crowdfunding models .............................. 8 1.2.2 Definition of the target and type of campaign: All-Or-Nothing vs Keep-It- All .................................................................................................................. 16 1.3. Equity crowdfunding benefits ...................................................................... 23 1.3.1 Advantages for investors ........................................................................ 24 1.3.2 Advantages for issuers............................................................................ 26 1.4 Equity crowdfunding risks ............................................................................ 30 1.4.1 Risk for investors .................................................................................. -
Piper Jaffray Cybersecurity Earnings Update
Piper Jaffray Cybersecurity Earnings Update Third Quarter 2017 Marc Steifman Greg Klancher Co-Head of Technology Principal Investment Banking Piper Jaffray & Co. Piper Jaffray & Co. MINNEAPOLIS | BOSTON | CHICAGO | HOUSTON | LONDON | LOS ANGELES | NEW YORK | SAN FRANCISCO | ZÜRICH Piper Jaffray Companies (NYSE: PJC) is an investment bank and asset management firm headquartered in Minneapolis with offices across the U.S. and in London, Zurich and Hong Kong. Securities brokerage and investment banking services are offered in the United States through Piper Jaffray & Co., member NYSE and SIPC, in Europe through Piper Jaffray Ltd., authorized and regulated by the Financial Conduct Authority, and in Hong Kong through Piper Jaffray Hong Kong, authorized and regulated by the Securities and Futures Commission. Asset management products and services are offered through three separate investment advisory affiliates registered with the U.S. Securities and Exchange Commission: Advisory Research Inc., Piper Jaffray Investment Management LLC and PJC Capital Partners LLC. Piper Jaffray & Co., Member SIPC and FINRA 11/17 Piper Jaffray Case Study: Vista Equity Partners acquires majority stake in Jamf Vista Equity Partners: Undisclosed . Vista Equity Partners is a U.S.-based investment firm with more than $30 billion in cumulative capital commitments, currently invests in software, data and technology-enabled organizations. The firm invests in middle market management and leveraged buyouts, growth and acquisition Has purchased a majority financing, recapitalizations, private transactions, spin-outs and corporate divestitures. stake in . The firm was founded in 2000 and is headquartered in Austin, Texas. Jamf: . Jamf focuses on helping businesses, education and government organizations succeed with November 2017 Apple through its Jamf Pro and Jamf Now solutions. -
Investing in Our Competitive Future
Investing in Our Competitive Future: Approaches to Increase Early Stage Capital in Washington State Report of the Technology Alliance Seed Funding Committee January 2007 Technology Alliance 1301 Fifth Avenue, Suite 2500 Seattle, Washington 98101 www.technology-alliance.com Table of Contents Acknowledgements................................................................................... 1 Introduction............................................................................................. 3 Overview of committee objectives and process The Competitive Landscape....................................................................... 5 The funding climate in Washington Venture capital Angel capital Washington’s challenges Survey of approaches in other states Grants and loans Equity investment vehicles Tax credit programs Washington’s Opportunity....................................................................... 13 Committee recommendations to increase early stage investment in young Washington companies Organized angel investor groups Angel sidecar funds Fund of funds State constitutional amendment Appendix A: Washington State Constitutional Provisions……………… 17 Appendix B: Catalog of State Programs………………………………….. 19 Acknowledgements Technology Alliance Seed Funding Committee Co-Chairs Henry James, Goldman Sachs Patrick Schultheis, Wilson Sonsini Goodrich & Rosati Members Tom Alberg, Madrona Venture Group H. Stewart Parker, Targeted Genetics Robert Bergquist, Widemile Dan Rosen, Dan Rosen & Associates Paul Isaki, Port of Seattle Rafael -
IDC Finance Technology Conference 20 Ekim 2016
FinTech İstanbul Platformu Prof. Dr. Selim YAZICI Co-Founder FinTech Istanbul @SelimYazici IDC Finance Technology Conference 20 Ekim 2016 Nedir bu FinTech? Girişimcilik dünyasında 2014 yılından beri en çok duyulan kelime: “FinTech” Bankacılık Sigortacılık “Finansal HİZMET” sağlamak için “TEKNOLOJİ” kullanımı ! Aracı Kurumlar FinTech Neden Gündemde? Finans dünyasına, dijitalleşme ile çözüm: “Yeniden Yapılanma” Dijital kanallardan anında; hızlı esnek bireysel çözümler sunar FinTech Neden Gündemde? “Dijital Dönüşüm” Dijital kanallardan anında; hızlı esnek bireysel çözümler sunar FinTech Finansal Hizmetler Dünyasını Yeniden Şekillendirecek “Korkunun Ecele Faydası Yok” • Önümüzdeki 5 yıl içinde global FinTech yatırımlarının 150 Milyar USD’yi aşması bekleniyor. • FinTech’ler %100 müşteri odaklı • Müşterinin çektiği acıyı biliyorlar • Yeni iş modelleri ile yeni ürün ve hizmetleri getiriyorlar • FinTech Startupları geleneksel şirketlerin işlerini tehdit edebilir • Blockchain Teknolojisi çok şeyi değiştirecek Çözüm: “Rekaberlik” Dünyada FinTech Sadece Aralık 2015’de 81 FinTech girişimi 1 milyar USD yatırım aldı. 894 224 Sadece Google, son 5 yılda 37 farklı FinTech 2010 2011 2012 2013 2014 2015 yatırımı yaptı Son 5 yılda FinTech odaklı girişim sermayesi (VC) sayısı Dünyada FinTech Yatırımları DEsignED BY POWERED BY PIERRE DREUX Fintech Landscape Banking & Payment (356) Investments (108) Financing (196) Insurance (82) Banking (54) P2P Lending (49) Banking Personal Finance Investment P&C Reinsurance (6) Platforms Mobile Virtual Banking (9) - Expense -
Oregon Capital Scan: a Developing Ecosystem by Niels Zellers
Confluence Capital, LLC Oregon Capital Scan: A Developing Ecosystem By Niels Zellers March 2012 ACKNOWLEDGEMENTS First and foremost, I would like to thank the participants of this study. Each and every interviewee went out of their way to make time to share their data and unique insights about Oregon’s capital ecosystem. All participants were supportive of the work and hopeful that this effort can contribute to an appropriate and robust capital ecosystem in Oregon. I would also like to thank the sponsors for supporting the work and taking a first step to address such a complex and vital economic development issue. My hope is that this study proves useful to a wide array of readers, but most importantly, that readers are motivated to improve Oregon’s capital ecosystem, either through direct investment or by working with businesses to engage in productive dialogs about issues related to capital and economic development. STUDY PARTICIPANTS 1. Alex Pawlowski – Southern Oregon Regional 26. Dennis Powers – Cornerstone Management Economic Development, Inc. Resources 2. Alma Flores – City of Beaverton 27. Diane Fraiman – Voyager Capital 3. Amanda Hoey – Mid‐Columbia Economic 28. Don Krahmer, Jr. – Schwabe, Williamson & Development District Wyatt 4. Andrea Nelson – City of Beaverton 29. Drew Bernard – Bellport Ventures, LLC 5. Andy Ford – Hanover Partners 30. Drew Smith – The Clymb 6. Angela Jackson – Bridge City Ventures & 31. Duffy DuFresne Portland State University Business Accelerator 32. Erik Krieger – Riverlake Partners 7. Bettina von Hagen – Ecotrust Forest 33. Eric Nerdin – Mid‐Columbia Economic Management, Inc. Development District 8. Betty Riley – South Central Oregon Economic 34. Eric Rosenfeld – Oregon Angel Fund Development District 35. -
Beginners-Guide-To-Raising-Capital
THE STARTUP TOOLKIT SERIES | Beginner’s Guide to Raising Capital | 2 The Startup Garage works with entrepreneurs in early stage, high-growth companies to attract investment and get out of the “garage.” We help startups achieve the milestones investors care about. Our team has helped raise over $200 million for startup businesses. Beginner’s Guide to Raising Capital Beginner’s Guide to Raising Capital is a comprehensive resource for learning the basics of the fundraising process. It contains actionable items to put new business on the path to reaching funding goals, and even covers tips for maintaining personal mental health as an entrepreneur. The end goal is to create a scalable, investor-ready startup — actively involved in the community and ready to #GetFunded. The Startup Garage.com • (858) 876 - 4597 © 2014 The Startup Garage — All rights reserved. This article may not be reprinted, reproduced, or retransmitted in whole or in part without the express written consent of the author. THE STARTUP TOOLKIT SERIES | Beginner’s Guide to Raising Capital | 3 Beginner’s Guide to Raising Capital ABOUT THE AUTHOR 4 MILEStone #5: MARKET Traction 33 Bio: Tyler Jensen Surveys Beta Testing INTRODUCTION 5 Crowdfunding Letters of Intent PreparinG FOR FUNDRAISING 7 Contracts Competitor Market Traction MILEStone #1: PreparinG YOURSELF 9 MILEStone #6: LEGAL Foundation 36 MILEStone #2: BUSINESS PLANNING 11 Business Planning MILEStone #7: OperationaL SYSTEM 40 Financial Projections What’s NEXT? 42 Capital Strategy Alternative Sources of Investment CONCLUSION 46 Valuation Other Investor Documents Identifying Potential Investors Pitching Due Diligence Negotiation Strategies Term Sheet Closing the Deal Follow-up MILEStone #3: Product DEVELOPMENT 29 MILEStone #4: TEAM BUILDING 30 Partners/Co-Founders Key Staff Board of Advisors Board of Directors Business Advisors and Mentors Personal Support Team Professional Service Providers The Startup Garage.com • (858) 876 - 4597 © 2014 The Startup Garage — All rights reserved.