how to get funded when you have no customers, no prototype, no team

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Xavier Corman | Martin van Wunnik 1 20/02/2013 Xavier Corman | Martin van Wunnik 1 11/12/2013 Finance for Startups How to get funded when you have no customers, no prototype, no team... Martin van Wunnik Xavier Corman

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11/12/13: Finance for Startups presentation Together with Xavier Corman, Gilbert West and Belfius at joint Betagroup event (Brussels)

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Page 1: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 1 20/02/2013 Xavier Corman | Martin van Wunnik 1 11/12/2013

Finance for Startups

How to get funded when you

have no customers,

no prototype,

no team...

Martin van Wunnik

Xavier Corman

Page 2: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 2 20/02/2013 Xavier Corman | Martin van Wunnik 2 11/12/2013

Sponsors

Page 3: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 3 20/02/2013 Xavier Corman | Martin van Wunnik 3 11/12/2013

This presentation is available for free:

http://www.slideshare.net/XavierCorman

http://www.slideshare.net/FinanceCoach24

Page 4: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 4 20/02/2013 Xavier Corman | Martin van Wunnik 4 11/12/2013

Who we are

Martin van Wunnik

Xavier Corman

Page 5: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 5 20/02/2013 Xavier Corman | Martin van Wunnik 5 11/12/2013

Valley of « Death »

Page 6: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 6 20/02/2013 Xavier Corman | Martin van Wunnik 6 11/12/2013

http://www.ideaowl.com/blog/2011/06/microconf-2011-3-surprises-

and-learnings-from-best-conference-ever/

Page 7: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 7 20/02/2013 Xavier Corman | Martin van Wunnik 7 11/12/2013

Capital � Debt

Non Current Assets

(Actifs Immobilisés/

Vast Activa)

Equity

(Capital/Kapitaal)

LT Debts

ST Debts

Current Assets

(Actifs circulants/

Vlottend Activa)

ACTIVE PASSIVE

Page 8: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 8 20/02/2013 Xavier Corman | Martin van Wunnik 8 11/12/2013

Page 9: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 9 20/02/2013 Xavier Corman | Martin van Wunnik 9 11/12/2013

Subsidies

Impulse.Brussels (ex-ABE/BAO)

http://www.ecosubsibru.be/

Pay 100, get 50 reimbursed

3 examples:

Prototype

Strategic assistance

Promotion outside BE

Page 10: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 10 20/02/2013 Xavier Corman | Martin van Wunnik 10 11/12/2013

4 things to do with your money

Page 11: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 11 20/02/2013 Xavier Corman | Martin van Wunnik 11 11/12/2013

4 Types of Crowdfunding

Page 12: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 12 20/02/2013 Xavier Corman | Martin van Wunnik 12 11/12/2013

Relative market sizes

Page 13: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 13 20/02/2013 Xavier Corman | Martin van Wunnik 13 11/12/2013

Crowdfunding

effort of individuals

who network and pool their money

to support efforts initiated

by other people or organizations

Page 14: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 14 20/02/2013 Xavier Corman | Martin van Wunnik 14 11/12/2013

Look & Fin

- Loans only- Mature companies only

+ No company valuation+ No dilution

Page 15: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 15 20/02/2013 Xavier Corman | Martin van Wunnik 15 11/12/2013

My Micro Invest

- Equity -> Dilution- Business Angels required

+ Good track record+ Largest in Belgium

Page 16: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 16 20/02/2013 Xavier Corman | Martin van Wunnik 16 11/12/2013

Angel.me

- New platform- Activity

+ Bart Becks+ Flemish

Page 17: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 17 20/02/2013 Xavier Corman | Martin van Wunnik 17 11/12/2013

KissKissBankBank

- Competition- B2C only

+ No company valuation+ No dilution

Page 18: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 18 20/02/2013 Xavier Corman | Martin van Wunnik 18 11/12/2013

FFF

+ Quick

+ Good for small amounts

‒ Mix friends and money

‒ Less pressure

Page 19: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 19 20/02/2013 Xavier Corman | Martin van Wunnik 19 11/12/2013

Business Angels

+ Less formal

+ Could be fast

‒ Non professional

investors

‒ Manage relationship

Page 20: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 20 20/02/2013 Xavier Corman | Martin van Wunnik 20 11/12/2013

Gust

Page 21: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 21 20/02/2013 Xavier Corman | Martin van Wunnik 21 11/12/2013

Advisors

• Middle(wo)men

• Serious image

• Coordination

• Valuable advices

Page 22: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 22 20/02/2013 Xavier Corman | Martin van Wunnik 22 11/12/2013

Thank you

Free download :

http://www.slideshare.net/XavierCorman

http://www.slideshare.net/FinanceCoach24