evolution of venture panel notes for grow conference 2012 in vancouver

7/31/2019 Evolution of Venture Panel Notes for GROW Conference 2012 in Vancouver

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Evolving Venture Panel#GROWConf

bit.ly/GROWConfVC08.23.12

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CREATING COMPELLING AND CONSISTENT BRAND EXPERIENCESProprietary and Confidential 2012 Schawk , Inc. All Rights Reserved

Set-up Our three panelists need little introduction, but if youre not familiar with them, google or wiki their

names, follow them on twitter to get up to speed Theres an important url for you to check out--its bit.ly/GROWConfVC--note the caps. It has all the

articles and news on this topic well be referencing today 3-Years of GROW Conference In this short time weve 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 cant 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 youre in a NSFW situation BTW, lets light up Twitter using the #GROWConf hashtag--this ADD Panel will be tracking your thoughts

& well use them to answer your questions

Dave, last week you posted your thoughts on the Evolution of Venture. Want to topline those and thenwell unpack them as a panel?

http://500hats.com/VC-evolution-geeks-got-next

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bit.ly/GROWConfVC

https://twitter.com/#!/search/?q=%23GROWConfhttp://500hats.com/VC-evolution-geeks-got-next


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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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http://bhorowitz.com/2012/01/31/why-has-andreessen-horowitz-

raised-2-7b-in-3-years/http://bestengagingcommunities.com/2012/07/15/how-to-disrupthe-venture-capital-industry/


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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 referringto Ron Conways investment style

http://venturebeat.com/2012/08/13/google-ventures-startup-lab/view-all/

Andreesen Horowitz (A16Z) says they look at1500 investments, make 600 demos tobrands/dealmakers, etc.

Q:What kind of seed volume do you do by month/year?

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http://venturebeat.com/2012/08/13/google-ventures-startup-la

view-all/


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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 apair of jeans since highschool, want to talk about evolutions in cultureyoure seeing?

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http://www.slideshare.net/dmc500hats/vc-revolution-geeks-go

nexthttp://www.geekwire.com/2012/dave-mcclure-rips-vcs-fing-arrogant-stupid-aholes/


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Evolution of Venture Yossi Vardi compares business plans to sausages--if you know

whats in one, you wont 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, whats your thoughts on the roleof B-Plans in this evolving venture reality?

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http://venturebeat.com/2012/08/21/theres-only-so-many-time

you-can-fake-an-orgasm-10-nuggets-of-startup-wisdom-fromyossi-vardi


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Evolution of Venture Pando Daily reports A16Z would not be investing in international--

BRIC countries, but thats 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 revenueoutside of US and Survey Monkey was finding fast growth inemerging markets

And here we are in Vancouver at the GROW Conference, where thevalley gets out of its cave to use their passports

Q:Whats your view on international investments & approach toexecuting out of The Valley?

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http://pandodaily.com/2012/08/09/sorry-marc-internet-rich-m

andreessen-is-not-launching-a-new-china-fund/http://unsexy.co


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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 anew player in the evolution of Venture?

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As VCs seek to re/position in this Evolving reality, were hearing ofnew 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 youre hearing thatfit in this vein?Sneaky or Stealthy?--transparency?


Evolution of Venture

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http://pandodaily.com/2012/05/04/sequoia-confirms-existence

stealth-scout-program-whos-next/


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Evolution of Venture What about Technology?

Q:

What kind of technologies and platforms are you tapping forscale?

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Close Lets 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:

...and join me in thanking with a hand now. Thanks guys.

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@Jeff @DaveMcClure @EthanKurz @MarkSilva

//twitter.com/jeff//twitter.com/DaveMcClure//twitter.com/EthanKurz

//twitter.com/MarkSilva


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Thanks, Contact, Follow

Hope you enjoyed the session. Thanks for participating & following.

Mark SilvaSVP Emerging PlatformsAnthem [email protected]@marksilva+realmarksilva on Skype & G+

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evolution of venture panel notes for grow conference 2012 in vancouver

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