Why should you consider moving to Silicon Valley? If you are a founder of a European startup and you think about the US market, look at Baris slide deck.
2. Innovation Nest – Poland most active
seed fund invites hand selected
companies to a series of closed
events. This one is about money.
WHAT IS THIS?
3. Baris runs 37-ventures.com, firm that
focuses mainly on tech companies.
Previously, he has been a Director at Intel Capital. He is
also a board observer for Caring.com, Crowdstar, Nokta
Medya, and Sense Networks. Baris’ other investments
are Kno and Yume. Baris also invested in and managed
exits for OpenFeint (acquired by Gree, Inc.)
WHO IS BARIŞ?
4. A little bit of perspective
”
Most venture deals
are done in the US
You may have heard:
6. US also leads M&A activities
Regional deal value (%)
2010 2011 2012 2013 First half
of 2014
989915
15
141415
13
23
262331
26
5252
54
4545
US EUROPE
ASIA
OTHER
Source: Thomson One
7. Out of which tech M&A
is a healthy share
Tech share of U.S. M&A deals (%)
2010 2011 2012 2013 2014
14
13
1010
11
AND IT’S
GROWING!
Source: Thomson One
9. Four major markets
grab VC $ in Europe
Source: blog - yankeesabralimey
ISRAEL
UK &
IRELAND
DACH
Deutschland, Austria,
Switzerland
NORDIC
OTHER
$500M+
$440M+
$200M+
$180M+
~$120M
10. Good news is US VCs tend
to invest in later stage
European startups
11. Seed (<2) Early Venture (2-8) Venture (8-20) Growth (20-100) Mega (>100)
67%
55%
22%
10%10%
33%
45%
78%
90%90%
The later the stage, geography
is less and less important
Did US VC firm participate in European & Israeli VC rounds?
NOYES
13. Can you
handle it?
So… should you move there?
Where is your target
customer base?
Where is your target
talent base?
Do you have
traction / product-
market fit in US?
Can your company
support a move?
THE
US
THE
US
YES
YES YES
14. If yes, then raise…
• Seed or A in US
• Angels, syndicates, early-stage VCs
• Platforms (AngelList, FundersClub,
KickStarter, etc.)
YES
16. Advice on Fundraising Process
a. Create a target list of investors
b. Create a solid intro boilerplate, deck, pitch, etc.
c. Manage syndicate yourself or find a lead
d. Create sense of urgency
e. Don’t forget: you can’t divorce your VC (pick wise)
f. Pitch: Passion / Market / Team
g. Show momentum / traction well
h. Run the transaction process till close (= money in the bank)
i. Learn from rejection
j. #1 priority is your business, not investors
17. This presentation is brought to you by Innovation Nest
Learn more about us at innovationnest.co