discussion on startups, venture capital and entrepreneurshiplapalme/ift3225/presentation-j... ·...
TRANSCRIPT
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Discussion on Startups, Venture Capital and Entrepreneurship
JS Cournoyer [email protected] www.jscournoyer.com @jscournoyer
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Me
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I’m not a moustache person
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Father of Five
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Family man
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Community
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I’m committed to the Startup Ecosystem
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Work
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I help entrepreneurs succeed
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What is Venture Capital?
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‣ financial capital provided to early-stage, high-potential, high risk, growth startup companies
‣ VC funds make money by owning equity in the companies they invest in, which usually have a novel technology or business model in high technology industries, such as biotechnology, IT, software, etc
‣ VC accounts for 21% of USA GDP and 11% of private sector jobs
According to Wikipedia
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The new funding ecosystem
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Open Source Software (free)
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Dynamic Development Frameworks (free)
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Cloud Computing (pay as you go)
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Mass Market Distribution Platforms
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Costs from concept to validation trending to $0
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New funding model required
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2004: SoftTech VC, SV Angels
First Super Angels
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Today: Super Angels become Micro VCs
AngelList: 100s of Angels chasing deals
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2005: Y Combinator
First Accelerator
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Today: hundreds of Accelerators all over
the world
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Today: Facebook valued at $80B
Twitter at $7-8B Zynga at + $10B Groupon at $20B Linkedin at $8B Pandora at $3B
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Today: Dropbox valued at $4B AirBnB valued at $1B
Spotify at $1B Square at $1B Fourquare at ?
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Today: VC funds getting bigger again
Sequoia at $1.3B Greylock at $1B Accel at $1.35B
Bessemer at $1.6B
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What is Real Ventures?
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‣ Invest in entrepreneurs and help achieve market validation
‣ Initial investment of $50K to $400K
‣ Target ownership of 10-25%
‣ Web, mobile, Saas, gaming, digital media tech, social, data optimization
‣ Invest up to $3M per company
A $50 MILLION
SEED FUND
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What is Founderfuel?
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‣ Mentor-driven accelerator program like Techstars ‣ 2 cohorts of 8-12 companies per year ‣ 12 weeks program in Montreal ‣ Mentor day ‣ Iteration, mentoring, coaching, access to networks ‣ Demo day ‣ ~$25K for 6% of the company
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Should I start a company?
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Should I apply to an Accelerator like
Founderfuel?
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Should I raise VC money?
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Should I join a startup?
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