bizcampbe 2012 presentation final slideshare
TRANSCRIPT
Angels in Silicon Valley Trends and lessons learned
Pieter Dubois – Founder Paycento [email protected]
Seriously!
Paycento makes paying for content as easy as a facebook “Like”
Paycento received world wide press coverage in April
www.slideshare.net/paycento
A rising tide lifts up all boats
It’s the era of social flea picking
Incremental improvements leveraging WW platforms
Case: Simplifying Payments, credit card payments
Case: Disrupting the “Store” model
1. Give Title 2. Upload Picture 3. Set price 4. Create link 5. Distribute
Using twitter messages to buy and sell
Remove all friction Great design & simplicity
Remove all friction Great design & simplicity
Outlier
Reality Check: Most fundings are in the $50-250k
IT cost are 10% of what they were in 2000
Tools are much more powerful (cloud)
World wide distribution platforms (Facebook)
Leading to much smaller teams (instagram 13ppl)
But … result is no room for “big thinking” anymore
Incubators taking role of Angels
Outliers
Competition is much harder now
Ironically requiring higher & sustained investments over time
Secret: Become a “habit”
What are (US) VC’s looking for in startups?
TRACTION
Engagement
VC’s also look for
High valuation potential
Case Study
1750 + 250 revenue/mo x 12 months
x 1000 Top 1000 Forbes
24,000,000 Revenue
x 18 Multiplier
432 Million valuation
24 000 revenue per year
(very) Simplified valuation example
: 10 (VC’s want 10x money)
43,2 Million Current Value
4 Million investment = 10%
However …. • Only when there is traction (there is!)
• Competition from Radian6, Visible Technologies, Sysomos, Socialbakers and Buddy Media
• So it won’t win all top 1000 Forbes accounts
• And Engagor’s prices are already bottom level
Finally, most importantly
Thank You
Contact me! Pieter Dubois +32-472.72.45.96 [email protected]
www.paycento.com
Twitter: @Paycento
We are looking for
an AWESOME
Web Developer & Designer
as Partner