Felicis Ventures is a venture capital firm headquartered in Palo Alto, CA that has invested $40 million through its second fund. The investment team of 3 people are all immigrants from Turkey, Brazil, and India. Felicis focuses on mobile, e-commerce, education, and health technology companies. It has had 24 exits in 5 years, including companies sold to Google, eBay, Microsoft, Twitter, Intuit, and others. Felicis' international portfolio represents less than 10% of capital but includes some of its most successful companies from countries like Finland, Canada, Brazil, Estonia, Israel, and Slovenia.
Backing Iconic Tech Companies of Today and Tomorrow
1. Backing the Iconic Technology Companies
of Today & Tomorrow
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2. Felicis Ventures Background
Operations & Highlights
• Headquartered in Palo Alto, CA
• Currently investing Felicis Ventures II, a $40M Fund raised in July 2010
• Investment team of 3 (Aydin, Sundeep & Renata)
• 24 Primary Exits in 5 years (to: Google, eBay, Microsoft, Twitter, Intuit, AT&T, Disney, Groupon, IAC)
International
• Everybody in the investment team is an immigrant (Turkey, Brazil & India)
• International Investments represent:
ü < 10% of capital base but 3 out of 8 most successful companies
• International Portfolio companies in 6 countries:
ü Rovio (Finland), Shopify (Canada), Baby.com.br (Brazil), Erply (Estonia), Any.do (Israel), Azumio (Slovenia)
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3. FV II Strategy – Invest with a Prepared Mind
Mobile E-commerce Education Health
Global e-commerce to grow Electronic Medical Records (EMR)
from $625 in 2010 US education spend to grow from $2.19B in 2010
Smartphone to $1 Trillion in 2013 technology
shipments to grow spending to grow to $3.82B in 2014
from 250M in 2010 from $60B in 2009
to 0.5B in 2013 to $80B
in 2014
Health IT spend to grow from
$32B in 2010 to $76B in 2014
Mobile app spend Digital textbooks
to grow from sales to grow from
$4.5B in 2010 to Mobile merchandise sales $54M in 2010
$40B in 2014 to grow from $3B in 2010 to $1.1B in 2014
to $31B in 2016
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4. FV II – Sample of our Successful Companies
Mobile E-commerce Enterprise Education Health
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5. Our Unique Approach – Engineering Success
Calling Our Shots
• Stellar portfolio performance across all focus areas
• Up-rounds supported by strong revenue performance
Focus on Critical Use & Huge Markets
• Key focus areas address a critical need, growth or huge market
• Key focus areas uncoupled with rest of economy
Intelligent Portfolio Construction
• All current big winners have large portfolio allocation ($)
• Strong focus on liquidity for investors
Portfolio Diversification & International Exposure
• ~8% allocated to international deals
• Wide diversity in syndicate composition
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