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The Economics of Creative Destruction   or Making money from growing things ,[object Object],[object Object],[object Object],Robert E Wiltbank, Ph.D. Associate Professor of Strategy & Entrepreneurship Willamette University Partner, Buerk Dale Victor LLC 503 715 7894 [email_address]
Distribution of Returns by Venture Investment Red Bars: U.K. % of exits in that Category Blue bars: U.S. % of exits in that Category UK:  Overall Multiple: 2.2X Holding Period: 3.6 years US:  Overall Multiple: 2.6X Holding Period: 3.5 years Approx 22% IRR Approx 27% IRR Hold: 3.0 yrs. Hold: 3.3 yrs. Hold: 4.6 yrs. Hold: 4.9 yrs. Hold: 6.0+ yrs.
[object Object],[object Object],[object Object],[object Object],[object Object],Investor Expertise
60% better multiple for deals related to industry expertise
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Participation post investment
4X better multiple to Board Involvement
2X better multiple for 20+ due diligence
Follow-On Investment from Same Angel Investor 3X better multiple in deals where the investor did not make  a follow-on investment. 30% of deals had follow on investments.
[object Object],[object Object],[object Object],[object Object],[object Object],Better angel investing
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
A Passion for Two Worlds ,[object Object],[object Object],[object Object],[object Object],[object Object]
mix the best of both worlds ,[object Object],Leverage Your Organization Small Bets … Fast Pragmatic Leadership Design for Scale Enter with Competitive Intent YES Entrepreneurial World Corporate  World The Catalysts

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Rob Wiltbank - Presentation to Tacoma Angel Network

  • 1.
  • 2. Distribution of Returns by Venture Investment Red Bars: U.K. % of exits in that Category Blue bars: U.S. % of exits in that Category UK: Overall Multiple: 2.2X Holding Period: 3.6 years US: Overall Multiple: 2.6X Holding Period: 3.5 years Approx 22% IRR Approx 27% IRR Hold: 3.0 yrs. Hold: 3.3 yrs. Hold: 4.6 yrs. Hold: 4.9 yrs. Hold: 6.0+ yrs.
  • 3.
  • 4. 60% better multiple for deals related to industry expertise
  • 5.
  • 6. 4X better multiple to Board Involvement
  • 7. 2X better multiple for 20+ due diligence
  • 8. Follow-On Investment from Same Angel Investor 3X better multiple in deals where the investor did not make a follow-on investment. 30% of deals had follow on investments.
  • 9.
  • 10.
  • 11.
  • 12.