big data.be (10th) at capricorn venture partners - 17/10/2012

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10th Big DataCapricorn Venture Partners

(Leuven)

17/10/2012

Martin van Wunnik

0475/96.95.91

Martin@FinanceCoach24.com

meetup.com/Finance-for-startups

www.slideshare/FinanceCoach24.com

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Technical level

Finance & Accounting level

“How will you make money ?”

Tech startup: Your product is only 1/3 !

Freemium (« build a community »)

Burn rate, cash crunch, « valley of death »

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Why should you create a company?

Limit your liabilities !Professional touch

Fiscal 34% (24% for 3y)Succession

...

Formalities & some costs (bank, notary, KBO/CBE, social secretary)

Double entry accountingRevisor for in-natura contributions

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Legal minimum capital

REAL minimum = Business required ! REAL minimum = Business required !

BVBA-SPRL (min.1)

CVBA-SCRL (flexible)

18.550 EUR � 6.200 EUR(or 12.400 EUR)

SA-NV (min.2): 61.500 EUR

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Revenues (Sales…)

COGS (Cost of Sales)

General Expenditures

Personnel Costs

Depreciation

Financial cost

Profit

Taxes

Profit & Loss statements (P&L)

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7

Investments / CostsToday 2009 2010 2011

(300) 100 100 100

40 - -

(interest on loans? PDA? Insurance?)

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10 STEPS TO A SCALABLEBUSINESS

A free course at 10steps2.com

@VladBlagi

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Easy to sell

Easy to deliver

Repeatable business

Scalable growth engine

Big, growing market of buyers

Unfair advantage

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And entrepreneurs? They seem to have confused the definition of entrepreneurship altogether.

Entrepreneurship, they mistakenly believe, equals financing!

This is wrong.

Over 99% of entrepreneurs who seek funding get rejected.

Yet, the entire world is focused on the 1% that is "fundable."

http://www.readwriteweb.com/start/2012/01/the-other-99-of-entrepreneurs.php

Funding

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http://www.ideaowl.com/blog/2011/06/microconf-2011-3-surprises-and-learnings-from-best-conference-ever/

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www.impulse.de

weighted average cost of capital (WACC)

Cost of Equity (Re) = Rf + Beta (Rm-Rf).

After-tax cost of debt

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100

506

122

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How to finance your start-up ?

Equity

LT Debts

ST Debts

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10th Big DataCapricorn Venture Partners

(Leuven)

17/10/2012

Martin van Wunnik

0475/96.95.91

Martin@FinanceCoach24.com

meetup.com/Finance-for-startups

www.slideshare/FinanceCoach24.com