More Related Content More from Mark Silva (18) Evolution of Venture from GROW Conference 20122. Set-up
• Our three panelists need little introduction, but if you’re not familiar with them, google or wiki their
names, follow them on twitter to get up to speed
• There’s an important url for you to check out--it’s bit.ly/GROWConfVC--note the caps. It has all the
articles and news on this topic we’ll be referencing today
• 3-Years of GROW Conference
• In this short time we’ve seen a number of shifts in the composition, approach, behaviors, scale, location
and players in Venture
• In short you can say venture is evolving
• I can’t think of a better range of participants and disrupters to lead us through this topic
• For those watching via streaming or on YouTube, put on your headphones if you’re in a NSFW situation
• BTW, let’s light up Twitter using the #GROWConf hashtag--this ADD Panel will be tracking your thoughts
& we’ll use them to answer your questions
• Dave, last week you posted your thoughts on the Evolution of Venture. Want to topline those and then
we’ll unpack them as a panel?
• http://500hats.com/VC-evolution-geeks-got-next
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3. Evolution of Venture
• $$, network/connections & Advice
• Composition--from Financial to Operators
• Non-investment headcount, resources and
revenues into Fees Structure
• http://bhorowitz.com/2012/01/31/why-has-andreessen-horowitz-raised-2-7b-in-3-years/
• http://bestengagingcommunities.com/2012/07/15/how-to-disrupt-the-venture-capital-industry/
Q:
What do you bring to your investments?
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4. Evolution of Venture
• Google Ventures' 3 FT statistics PhDs found you need 60-80 deals/
year for seed-stage investments to earn mean return of 25%
validating what some pejoratively called “Spray & Pray” referring
to Ron Conway’s investment style
• http://venturebeat.com/2012/08/13/google-ventures-startup-lab/view-all/
• Andreesen Horowitz (A16Z) says they look at
1500 investments, make 600 demos to
brands/dealmakers, etc.
Q:
What kind of seed volume do you do by month/year?
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5. Evolution of Venture
• Dave, you made a few comments yesterday about VCs with a focus
on culture--you said that sales & suits freak out developers so flip
flops & hoodies could signify a cultural shift.
• http://www.slideshare.net/dmc500hats/vc-revolution-geeks-got-next
• http://www.geekwire.com/2012/dave-mcclure-rips-vcs-fing-arrogant-stupid-aholes/
Q:
Ethan, residing inside of a legendary, incumbent fund and not owning a
pair of jeans since highschool, want to talk about evolutions in culture
you’re seeing?
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6. Evolution of Venture
• Yossi Vardi compares business plans to sausages--if you know
what’s in one, you won’t want to eat it.
• http://venturebeat.com/2012/08/21/theres-only-so-many-times-you-can-fake-an-orgasm-10-
nuggets-of-startup-wisdom-from-yossi-vardi
Q:
For all the start-ups in the room, what’s your thoughts on the role
of B-Plans in this evolving venture reality?
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7. Evolution of Venture
• Pando Daily reports A16Z would not be investing in international--
BRIC countries, but that’s where so many businesses are leaning
• http://pandodaily.com/2012/08/09/sorry-marc-internet-rich-man-andreessen-is-not-launching-a-
new-china-fund/
• At u$exy conference we heard MailChimp earns 60% of its revenue
outside of US and Survey Monkey was finding fast growth in
emerging markets
• And here we are in Vancouver at the GROW Conference, where the
valley gets out of its cave to use their passports
Q:
What’s your view on international investments & approach to
executing out of The Valley?
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8. Evolution of Venture
• Inside baseball discussion:
• This evolution is introducing a new class of investors from the
Crowd & Angels to new LPs
• We see Unilever & Pepsi in Physic Ventures, Acquisitions/Acqui-
hires, etc.--will throw to Turner/CNN & Zite panel later
Q:
And, for the other panelists, other examples of Fortune 500 as a
new player in the evolution of Venture?
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9. Evolution of Venture
• As VCs seek to re/position in this Evolving reality, we’re hearing of
new kinds of behaviors, practices and deals
• For instance, Sequoia Scouts
• http://pandodaily.com/2012/05/04/sequoia-confirms-existence-of-stealth-scout-program-whos-
next/
Q:
Panel--any thoughts on this or other practices you’re hearing that
fit in this vein?
Sneaky or Stealthy?--transparency?
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10. Evolution of Venture
• What about Technology?
Q:
What kind of technologies and platforms are you tapping for
scale?
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11. Close
• Let’s go to the the audience for Q&A--anyone pitching their business
or running on will be shut down--so any legitimate questions please
raise your hands
• If you liked these speakers thank them by following them on Twitter:
@Jeff @DaveMcClure @EthanKurz @MarkSilva
• ...and join me in thanking with a hand now. Thanks guys.
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12. Thanks, Contact, Follow
Hope you enjoyed the session. Thanks for participating & following.
Mark Silva
SVP Emerging Platforms
Anthem Worldwide
mark.silva@anthemww.com
415-321-8904
digital.anthemww.com
@marksilva
+realmarksilva on Skype & G+
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