reed elsevier ventures overview tony askew general partner reed elsevier ventures bvca summit 17...
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Reed Elsevier Ventures Overview
Tony AskewGeneral Partner
Reed Elsevier Ventures
BVCA Summit
17 October 2013
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Reed Elsevier is one of the world’s leading provider of professional information solutions
~$26bn market cap
$9.3bn annual revenues
$6bn digital revenues
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Reed Elsevier Ventures (REV) was founded in 2000 and has a dual focus: make money and be strategic
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We have an LP/GP structure and have raised a total of $250m from Reed Elsevier over a number of funds
• REV is structured as a VC Investment Partnership– Clear alignment of incentives with other investors and management
• typical fund structure, 10 years duration for each fund• management fee• carried interest remuneration
– Invests $1m to $10m for large minority stake • typically 10-30% equity ownership• Series A/B, some later stage• Lead and syndicate investor
– Fast, transparent decision making
• REV people are from the world of VC– VC skillset: diligence, investment discipline and mindset– Distinctive experience and network– Active investor, board seats and governance
We run a typical venture capital process with a focus on rigour and fast paced & clear decision making
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• Rigorous diligence, VC financial returns hurdle
• Streamlined investment approval process (Investment Committee of CFO, CSO & REV Partners)
• No BU champion/blackball• Sector focus and pro-active
targeting of companies • Active post investment via board
seats to exit• Active portfolio management• Aligned long term focus with
management and other investors
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We invest in high growth technology, information & media companies across the US, Europe and Israel
Acq. By informatica
Acq. By Akamai Acq. By IBMAcq. By Business Obj.
Large scale data, analytics & enabling technologies
Healthcare information & software
Internet, information, new media & mobile
Acq. By D&BAcq. By IHS
TASE: BBYL
Acq. By RH Donnelly
• Acq. By Optum Health.Acq. By Galapagos NV
Acq. By FAST Acq. By VignetteAcq. By IBM
Please feel free to contact us to learn more
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Tony AskewGeneral Partner
Kevin BrownGeneral Partner