《美国天使投资市场》ppt课件

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1、Startonomics/Tokyo-June9,2009DaveMcClure,FoundersFundJoyceKim,Soompi&FortisGeneralCounselDavidTroy,BaltimoreAngelsRyanPipkin,AngelSoftUSStartupInvestmentMarketStartupInvestmentTrendsVentureCapitalTurmoil:“R.I.P.GoodTimes”Notsobadforstartups(valuation),however..PrettybadforVCs(fundraising)i

2、fpoorreturnsSlowdownLaterStageDeals,ReducedValuationsLegalTrendsandChanges?Growth->Monetization,Revenue->ProfitabilityGrowthofSeedFunds,IncubatorsY-Combinator,TechStars,fbFundREVStartonomics/StartupMetrics/LeanStartup3PROPRIETARY&CONFIDENTIALDaveMcClure2001-2008:StartupInvestor:500HatsLLC,

3、FoundersFundTechMarketing:PayPal,SimplyHired,MintAdvisor,AngelInvestor:20+StartupsConf.Organizer:Web2.0,O’Reilly,StartonomicsStanfordVisitingLecturer:Facebook,StartupMetrics80’s&90’s:Entrepreneur:Founder/CEOAslanComputing(acq.)Developer:WindowsApps/SQLDBAdminUserGroups:E-Commerce,Internet,

4、Client-ServerEngineer:JohnsHopkins‘88,BSEng/AppliedMath4PROPRIETARY&CONFIDENTIALPersonalInvestments(2004-2008)ProfessionalInvestments(2009)FFAngelLLCTwilio1000MarketsUserVoiceBit.lyDailyBurnChangingFocusAdvertising->“Freemium”,SubscriptionBigVenture->SmallVenture/SeedSeed->Angels+Incubator

5、sGrowth->RevenueRevenue->ProfitabilitySeriesA:GettoRevenueBreak-even7PROPRIETARY&CONFIDENTIALStartupFundingEcosystemAngels&Incubators($0-10M)SeedFunds($10-50M)SmallVCFunds($50-250M)TraditionalVCFunds(>$250M)UnionSquareVenturesFirstRoundCapitalSoftTech(Clavier)MaplesInvestmentsBenchmarkSequ

6、oiaY-CombinatorTechStarsFFAngelFFIIfbFundREVFFIAngelsoft.netDataMetricsAngelsoftrepresentsover80%oftheOrganizedAngelNetworksintheUnitedStatesFromQ4‘08-Q1‘09Growthby17.83% in#ofcompaniesactivelylookingforangelcapitalDeclineby35% intotal$investmentamountDeclineby23.42% invaluationsFromQ4‘08-

7、Q1‘09Decreasedby50% intimeittooktomakeaninvestmentIncreaseby31.19%inaverageamountofmoneyentrepreneursareseekingIncreaseby86%inaverageinvestmentamountperdealthatclosedLegalTrendsConvertibleNotes/CapsPricedRoundsTermsareverypro-investorValuationsaredownTip–askyo