advertisement

Presentation to MoMo London - February 2014

50 %
50 %
advertisement
Information about Presentation to MoMo London - February 2014
Investor Relations

Published on February 20, 2014

Author: capenterprise

Source: slideshare.net

Description

How the London Accelerator & Seed Investment Scene is looking in 2014
( Get to the end and you will find lots of links to who is investing in W 2014? )
advertisement

Accelerating and Financing London’s Tech Sector Start-ups. . John Spindler CEO of Capital Enterprise @capenterprise 1

A start-up is… “ an organisation in search of a repeatable and scalable business model” – Eric Ries- Author of the Lean Start-up. @capenterprise 2

Scale focused start-ups are…different • Ambitious: want to be worth £20M+ minimum in 3 years. • Solve a big problem for potential customer in a “Game Changing ” way. • Build/leverage new technology/ business model innovations • Acquire and leverage as many “Unfair Advantages as possible”- team, key partners, resources etc • Move very FAST @capenterprise 3

“ An Investable Start-up Needs.. • Team, Tech & resources that is FIT for the task of creating an awesome company • Smart Ass Team • Product that is the best solution FIT for the target customers problems. • Disrupting a Big Ass Market • with a Kick Ass Product ( Jeff Clavier 3 Ass-es rule) • Business Model that is FIT to be scaled. + Capital Efficient to Scale. @capenterprise 4

How! Advance in Stages… ..using the Lean Start-up Method @capenterprise 5

Idea to Tech Business- Three Chasms.

Help in Forming & Exploring Ideas @capenterprise 7

Sources of Start-up Help for Tech Entrepreneurs Information: • • • • • • • • • • • • • • • • • • • • • Capital Enterprise; www.capitalenterprise.org Meet-up - http://www.meetup.com Mobile Academy- http://themobileacademy.org.uk/ Makers Academy- http://www.makersacademy.com/ GoGowo- http://www.gocowo.com Skills Matter- http://skillsmatter.com/ Start- up Britain - http://www.startupbritain.org British Library- www.bl.uk/bipc Google Campus- http://www.campuslondon.com General Assembly- https://generalassemb.ly/locations/london Innovation Warehouse- http://www.theiw.org IC Tomorrow - https://connect.innovateuk.org/web/ictomorrow UCL Decide- https://www.ucl.ac.uk/decide Start-up Weekend- London- http://london.startupweekend.org/ Launch 48- http://launch48.com/ Start-ups on Air at Google Campushttps://docs.google.com/spreadsheet/viewform?formkey=dEpuYlRFRFJ6SUVDdHVLRms3YmdBcmc6MQ Hubventurelabs - http://hubwestminster.net/hubventurelabs 3 Beards- http://www.3-beards.com/ Tech Hub- http://www.techhub.com/events/ Dreamstake- http://www.dreamstake.net/events Capital List Get Together- http://www.capitallistblog.co/our-monthly-monday-get-together/ @capenterprise 8

Forming Businesses.. ideas from??? @capenterprise 9

Developing the team & Product • Hipster (Designer) • Hacker (Developer) • Hustler (Distributor) @capenterprise 10

Minimum Viable Product (MVP): Problem – Solution FIT @capenterprise

Proof of Concept? Does it work? Does anyone care? @capenterprise 12

Funding Product Development & Beta Testing Grants & Awards General • • • • • • • • • Technology Strategy Board ( R&D Funding) - http://www.innovateuk.org http://www.innovateuk.org/content/competition/grant-for-rd-single-business.ashx Knowledge Transfer Networks- www.innovateuk.org IC Tomorrow- https://connect.innovateuk.org/web/ictomorrow NESTA- http://www.nesta.org.uk/ London European Enterprise Network- http://www.een-london.co.uk E Funding for SME R&D - http://www.eurostars-eureka.eu/what.do EU Funding for R&D collaborations: http://ec.europa.eu/research/participants/portal/page/calls Knowledge Transfer Partnerships funding support- http://www.ktponline.org.uk/ktp-what-will-it-costmy-business J4B- Portal for grant finding http://www.j4b.co.uk Translation/ Follow on research funds. • • • • • • www.rdfunding.org.uk/bulletin/queries/Search.asp?TheCloseMonth=July&TheYear=2011. http://www.rcuk.ac.uk/kei/ktportal/Pages/Followon.aspx https://ktn.innovateuk.org/web/145175/overview http://www.ahrc.ac.uk/FundingOpportunities/Pages/BrowseOpportunitiesOld.aspx http://www.ahrc.ac.uk/Pages/default.aspx http://www.theculturecapitalexchange.co.uk/ @capenterprise 13

Crowdfunding (Reward) Crowd funding PlatformsReward based Crowdfunding platforms- will help you to raise funding to build a proto-type and market test a great idea or product.- Great for pre-selling cool tech hardware. • www.kickstarter.com • www.indiegogo.com (USA) • www.peoplefund.it • www.sponsume.com • https://www.buzzbnk.org • www.pleasefund.us • www.wefund.com • www.pozible.com • www.crowdfunder.co.uk • http://spacehive.com • https://www.banktothefuture.com @capenterprise 14

Need less than £20K to get to Build and test MVP? Grantwww.j4b.co.uk No Funds Unemployed? Need Less than £10K to Launch a business New Enterprise Allowance Scheme Self Fund Borrow Write a simple Business Plan & 12 month cashflow Community Development Finance Institution Start-Up Loan • Bank Sources of Grants- www.j4b.co.uk Competition funding £1000 issued to 10+ businesses per month- http://www.shell-livewire.org Princes Trust http://www.princes-trust.org.uk/need_help/enterprise_programme.aspx £1000- £20,000 Enterprise Loans for Under 25’s- www.startuploanslondon.co.uk or www.startuploans.com New Enterprise Allowance Scheme – Check who delivers the scheme in London by e-mailing Capital Enterprise. Community Development Finance Associations- http://www.cdfa.org.uk - Also check out North London Community Finance ELSBC Access to Finance – Business Plan support for those looking to raise up to £10K Soft loans for Creative Businesses- http://www.creativeindustryfinance.org.uk/ @capenterprise 15

Idea to Tech Business- Three Chasms.

Accelerators help by .. Offering early Stage Entrepreneurs… • Fellow Community of entrepreneurs & supporters • Runway support & funding (£15-£100K at standardised investment terms. ) ( 3-6 months on average) • Physical Space & Facilities • Mentors ( 1st Industry- 2nd Investors) • Help to Rapid Field Trail with users & customers. • Demo days- Introductions to Investors/ customers …so that they can test.. • Product- Assess Functional use/ improve design & UX • Market Reaction- interest/ usage/revenue - AARRR • Revenue/ profit Potentialpricing, market timing, LTV/CCA • Business Model- “To Pivot or Not To Pivot” • Investor reaction- interest and valuations • Team- ability to work together and deliver.

Accelerators In London http://www.f6s.com/ https://capitallist.co

Accelerators Accelerators : Training & Mentoring programmes that provide fast-track to seed funding for Scalable new businesses 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Seed Camp: http://www.seedcamp.com Tech Stars Europe -http://www.techstars.com/program/locations/london Wayra- http://wayra.org/en/wayra Microsoft Ventures - http://www.microsoft.com/en-in/accelerator/ Start-Up Bootcamp ( 3 new accelerators including Fintech in London)- http://www.startupbootcamp.org Emerge Venture Labs- ( Education TECH) http://www.theemergelab.org Oxygen Accelerator ( Now in London) - http://www.oxygenaccelerator.com/ BBC Worldwide Labs- http://www.bbcworldwide.com/digital/labs.aspx Accelerator Academy ( Part-Time)- http://acceleratoracademy.com Fintech Innovation Labs- https://www.fintechinnovationlablondon.co.uk Entrepreneur First- http://www.entrepreneurfirst.org.uk The Bakery ( Adtech) - http://thebakerylondon.com/#!/ Healthbox- http://www.healthboxaccelerator.com/ Level 39- http://level39.co ( More of an incubator) Idea London ( Cisco, DC Thompson and UCL) – www.idea-london.co.uk IC Start-up- ( Imperial) http://www.icstartup.com Bethnal Green Ventures ( Social Impact)- http://bethnalgreenventures.com/ HUB Launchpad- (Social Impact)http://www.hublaunchpad.net/ True Start- (Retail Tech) – http://www.truecapital.co.uk/truestart/ Eco-Machines incubator (Hardware)- http://www.ecomachinesincubator.com Capital’s Accelerator Programme Partners. www.f6s.com @capenterprise

Capital’s Accelerator Programme Partners and CoInvestors Pre-Acceleration Support/ Incubation Acceleration Support Connections to Investors

Accelerators want businesses who..…

Start- Up Funding road –map. Hackathons/ Hatcheries/ Meet-ups. Idea Bootstrap- FFF Problem/ Space Exploration MVP Factories Start-up Loans Design/ Prototype Accelerators (Early) SEIS Super Angels/ Angel Groups Innovation Awards Crowdfunding i.e. Kickstarter Beta Test Adapt/ PivotX2 Seedrs/ Crowdcube/F6s Accelerators (Late) Launch Early Stage VC’s @capenterprise 22

4 3 1 Idea Stage 2 Commitment Stage- Secure Co-Founders FFF funding round –Build & Beta Test Minimum Viable Product Seed Investment Round (Angels + Early VC’s) - Prove Business model & acquire metrics to prove scalability 5 Series A Round (Angels, VC’s & Strategic Investors) – Go for scale, build out team, technologyEXECUTE 6 Exit (Average 7 years and after many rounds) – Trade Sale or IPO ££££££££££££££ How Start-Up Funding Works ?Why 100% of “Nothing” is worth Less than 10% of something big @capenterprise 23

Investment Essentials Round Pre- Seed Seed Amount Purpose Under 50K Under £250K (SEIS £150K) Assemble Team/ Build MVP Beta Test- Launch into Beachhead Market Super Seed £250K-£1m Series A (Small) £1m- £5M Valuation Guideline (London) Zero £450-£750K (Pre Money) Proof of Market & Scalability £1-£3m Scale - Build out Team/ Technology and Expand Marketing £3-20m @capenterprise Source Own Money/ FFF/ Crowdfunding/ TSB Angels/ Crowdfunders/ TSB Seed VC's/ Angel Syndicates/ CoInvestment Funds/ Family Offices VC's/ Corporate Venture Firms/ Family Offices. 24

SEIS is…… “a game changer”? Seed Enterprise Investment Scheme-SEIS is a tax break launched in 2012 for UK tax payers to encourage them to buy shares in start-up companies registered in the UK The Facts: • • • • • • • • SEIS investors can input £100,000 in a single tax year rising to a maximum £150,000 over two or more tax years in to a single company Investors cannot control the company receiving their capital Investors pick up 50% tax relief in the tax year the investment is made, regardless of their marginal rate. In the 2013-14 tax year, tax payers can roll 50% of a chargeable gain in the tax year in to a SEIS with a full capital gains tax exemption (another 14%) The business must be a start-up company -registered in the UK within 2 years of claim. The company must not employ more than 25 workers. The company must have assets of less than £200,000. The company has to trade in an approved sector – generally not in finance or investment, for example, a property company raise capital as a SEIS. @capenterprise 25

Think like an Angel! Why Do Angels Invest? Where to find them? www.capitallist.co #capenterprise

Key to being s Successful Business Angel? • Good Reputation – “Track Record” • Great Source – “Having good introducers” • Good Selection – “ Sticking to what you know” • Adding Value- “ Offering more than money to increase the chance of success” • Ability to Follow on Successes/ Walk Away from Failures. • Getting Value – “Getting a Good deal at all stages” www.capitallist.co #capenterprise

Capital List – The Minimum Viable Introducer “ Showcasing and connecting Entrepreneurs to champions and investors” beta.capitallist.co @capenterprise 28

Send a slide deck and get introduced http://www.slideshare.net/slidesthatrock/how-to-pitch-a-vc-redesigned Ten slides. Ten is the optimal number of slides in a PowerPoint presentation because a normal human being cannot comprehend more than ten concepts in a meeting—and business angels are very normal. If you must use more than ten slides to explain your business, you probably don’t have a business. The ten topics that an investors cares about are: 1. Summary and call to action/ what do you want? 2. Problem 3. Your solution 4. Business model 5. Underlying magic/technology 6. Marketing and sales 7. Competition 8. Team 9. Projections and milestones 10. Status and timeline Send to : magdalena@capitallist.co @capenterprise 29

Airbnb pitch deck http://www.businessinsider.com/airbnb-a-13billion-dollar-startups-first-ever-pitch-deck2011-9?0=sai#-1 @capenterprise 30

7 Types of Early Stage Investors in London Market 1. 2. 3. 4. 5. 6. 7. Crowdfunders/ Platforms Tax Relieve Seeking SEIS/EIS Funds Government Backed ECF’s Traditional Angel Syndicates Super Angels VC’s Strategic Investors ( Corporate Venture) @capenterprise 31

Seed/ Early stage Investment Platforms Crowdfunders. www.crowdcube.com www.seedrs.com www.f6s.com Angel Platforms - www.angel.co - www.syndicateroom.com @capenterprise 32

Syndicates. Top SEIS Funding Syndicates Top Traditional Angel Syndicates 1. 1. London Business Angels: 2. 3. 4. 5. Jenson Solutionswww.jensonsolutions.com Ingenious Mediawww.ingeniousmedia.co.uk Ascension Ventureshttp://www.ascensionmedia. com/ascension-ventures.php Start-up Funding Clubhttp://www.startupfundingcl ub.com/ Ascot SEIS – www.ascotwm.com http://www.lbangels.co.uk/ 2. E100 (LBS) 3. Oxford Angels: http://www.oxei.co.uk 4. Cambridge: http://cambridgeangels.com 5. Envestors- www.envestors.co.uk 6. Angels Den- www.angelsden.com @capenterprise 33

Super Seed Investors • Playfair Capital- http://playfaircapital.com • Angel Pad/ Avonmore http://www.avonmoredevelopments.com/ • Kima Ventures- http://www.kimaventures.com • Boundary Capital - www.boundarycapital.com • Venerex ( Fashion Tech- see Capital List) • Jam Jar Investments- http://jamjarinvestments.com • No 1 Seed - www.number1seed.co.uk • Warner Yard Associates - http://www.warneryard.com/ • Angel List – www.angel.co @capenterprise 34

Active VC’s in London. Cool Cats Big 5 • Accel Partners: Stage agnostic, see their portfolio here. • Balderton- Stage Agnostic- See there portfolio here • • DN Capital : Early and mid-stage, see their portfolio here • DFJ Esprit: Early to mid-stage, see their portfolio here. • Spark Ventures : Stage Agnostic- See there portfolio here • Octopus Ventures: Early to mid-stage, see their portfolio here. Piton Capital: Early and mid-stage specialize in market places. M8 Capital : Mobile Specialists, see their portfolio here Wellington Partners: Stage Agnostic, see there portfolio here • Amadeus Capital: Early and mid-stage- just launched new fund. Index Ventures: Stage agnostic, see their portfolio here. • Profounders: Early and mid-stage, see their portfolio here. • • • ECF’s/ Public funded. • Notion Capital – SAAS and Cloud specialist- See portfolio here • Passion Capital: Early Stage, see their portfolio here. • Episode1: Early Stage Software Companies • Arts Alliance: Minimum investment £500K in Media related tech- see portfolio here • Longwall – Oxford Based – Science backed Start-ups focus • EC1 Capital: Early stage, see their portfolio here • MMC Ventures - Series A Fund- Co-Investment fund with Mayor of London • Connect Ventures- Early stage and very cool. • Hoxton Ventures – New and focus on seed with next mobe to USA. • @capenterprise 35

Specialist Funds Social/ Tech for Good NESTA - www.nesta.org.uk/investments Unltd – www.ubltd.org.uk Big Society Capital- http://www.bigsocietycapital.com Sources of Social Finance- http://www.bigsocietycapital.com/finding-the-right-investment Bridges Venture Fund http://www.bridgesventures.com/social-entrepreneurs-fund Big Issue Investment- http://www.bigissueinvest.com Social Finance- http://www.socialfinance.org.uk Social Investment Fund- http://www.thesocialinvestmentbusiness.org Women - Stargate Capital- Trapezia- http://www.stargatecapital.co.uk/trapezia_1.aspx FSE- Incito- http://thefsegroup.com/investors/business-angels/incito-ventures/ Aspire Fund - http://www.capitalforenterprise.gov.uk/files/Aspire%20Information%20Leaflet%20(v%202)%20Flyer%20brochure.pdf Green Bridges Sustainable Fund- http://www.bridgesventures.com/sustainable-growth-funds Ingenious Media- Cleantech Fund http://www.ingeniousmedia.co.uk/investments/investmentopportunities/clean-energy Carbon Trust- http://www.carbontrust.com/about-us/our-investments Low Carbon Accelerator- http://www.lowcarbonaccelerator.com CT Investment Partners- http://www.ctip.co.uk Wellington Partners- http://www.wellington-partners.com/wp/index.html @capenterprise 36

Active Corporate Players @capenterprise 37

UK Investment State of Play 2013 Deals Under £0.5M Deals Over £0.5m • SEIS Deals £5-6m per month - 82 Deals - £72K Average • EIS & SEIS - £600M in New Companies in 2012-13. - Estimated 1,116 New Companies received investments. Courtesy of Stuart McKnight at www.ascendant.co.uk 38

If you want an introduction then send a slide deck Magdalena@capitallist.co @capenterprise 39

Add a comment

Related presentations

Gage-Cannon Investor Services

Gage-Cannon Investor Services

November 10, 2014

Gage-Cannon helps ventures accelerate organic growth or obtain equity funding, and...

Mavenir Analyst Day

Foro MAB Sevilla 13 de noviembre de 2014

ING Q3 2014 Earnings Report

ING Q3 2014 Earnings Report

November 5, 2014

Analyst presentation third quarter 2014 results. ING posts 3Q14 underlying net pro...

Related pages

Better Training Presentations, London, 27 February 2014 ...

BrightCarbon are running their Better Training Presentations Course in London on 27 February 2014. Book here. UK +44 161 883 0225;
Read more

February MoMo London: Mobile OS | Mobile Phone Development

February MoMo London: ... David gave a whirlwind presentation why he thinks Symbian will be around ... Thoughts on Google’s Android Security 2014 Year in ...
Read more

IET/EuroGPR Colloquium, London , 17 th February 2014

IET/EuroGPR Colloquium, London, 17th February 2014 Operator display and control Control Attitude sensor Spread spectrum modem interface Power conversion and
Read more

2014 Budget Overview February 10, 2014 - London, Ontario

2014 Budget Overview February 10, 2014. Agenda. ... London Police (reduction to 2.8%) ... SPPC Decision February 6th $(0.2)
Read more

Momo Japanese Restaurant - London, | OpenTable

Momo Japanese Restaurant 55 Hanger Lane, ... · Dined on 21 February 2011. Momo, West London.
Read more

Charles Dickens by Momo Stop det navn! on Prezi

Charles Dickens Charles Dickens Married: ... Born: Friday, February 7, 1812 Portsmouth, ... 48 Doughty St London, England
Read more

London Fashion Week - Schedules

Schedules. Shows. Events. ... Friday 19 th February 10:00 - 18:00 ... London W1F 0LA. BFC Presentation Space ICA The Mall
Read more

Investor Visit Hans-Ulrich Engel CFO BASF SE London ...

Investor Visit Hans-Ulrich Engel CFO BASF SE London February 27, 2014 . ... The information contained in this presentation is subject
Read more

2014 Budget Overview February 7, 2014 - London, Ontario

2014 Budget Overview February 7, 2014. Agenda. Topic Recap Assessment Growth Capital Levy Update 2013 Surplus . 2 : Budget Update – Levy From ...
Read more

Momo | LinkedIn

Momo Momo Momo chez Mte logistic. Besançon Area, France. Logistics and Supply Chain
Read more