Venture Capital Opportunity Selection Decision Criteria: An Example
|
|
|
- Harold Rose
- 8 years ago
- Views:
Transcription
1 Venture Capital Opportunity Selection Decision Criteria: An Example Daniel F. Muzyka University of British Columbia Daniel F. Muzyka, 2003 Research Methods ) Individual Interviews ) Decision Model (Tradeoff) Questionnaire ) Extended Interviews ) Individual Decision-Model ) Groups Of Like Decision-Makers ) Product-Market Factors: 5 Degree Market Already Established 5 Market Size 5 Seasonality Of Product-Market 5 Sensitivity To Economic Cycles 5 Market Growth And Attractiveness 5 Uniqueness Of Product And Technology 5 National Location Of Business 5 Degree Of Product-Market Understanding
2 ) Strategic-Competitive Factors: 5 Ease Of Market Entry 5 Ability To Create Post-Entry Barriers 5 Sustained Share Competitive Position 5 Nature And Degree Of Competition 5 Strength Of Suppliers And Distributors ) Management Team Factors: 5 Leadership Potential Of Management Team 5 Leadership Potential Of Lead Entrepreneur 5 Recognized Industry Expertise In Management Team 5 Track Record Of Lead Entrepreneur 5 Track Record Of Management Team ) Management Competence Factors: 5 Marketing/Sales Capabilities Of Team 5 Process/Production Capabilities Of Team 5 Organizational/Administrative Capabilities Of Team 5 Financial/Accounting Capabilities Of Team ) Financial Factors: 5 Time To Breakeven 5 Time To Payback 5 Expected Rate Of Return 5 Ability To Cash Out ) Fund Factors: 5 Business Meets Fund Constraints 5 Business And Product Fit With Fund Portfolio 5 Ability Of Investors To Influence The Deal 5 Location Of Business Relative To The Fund
3 ) Deal Factors: 5 Stage Of Investment Required 5 Number And Nature Of Co-Investors In Deal 5 Ability To Syndicate Deal 5 Scale And Chance Of Later Rounds Of Financing 5 Importance Of Unclear Assumptions Sample Region: Number Of Questionnaires: United Kingdom/Ireland 23 Germany/Austria/Switzerland 15 Italy 9 Nordic Countries 7 France 7 Belgium/Netherlands 7 Spain/Portugal 5 Total General Factor Findings ) Factors Applied By European Venture Capitalists Appear To Be Largely The Same As Those Reported In North America ) Findings Consistent With Previous Research On Top Factors: The Human Element Is Key ) There Appears To Be An Overall Sequence In Groupings Of Factors Applied: 5 Management Team 5 Management Competencies 5 Strategic-Competitive/Financial ) The Product-Market Characteristics Of Opportunities Appear To Be Of Only Moderate Importance
4 Relative Factor Count Vs. Rank Category Of Factors: Management Team Top 20% Second 20% Third 20% Fourth 20% Bottom 20% 5 Management Competencies Strategic- Competitive Financial 3 1 Product-Market Fund Deal 2 3 Ranked List Leadership Potential of Lead Entrepreneur Leadership Potential of Management Team Recognized Industry Expertise in Management Team Track Record of Lead Entrepreneur Track Record of Management Team Sustained Share Competitive Position Marketing/Sales Capabilities of Team Organizational/Admin Capabilities of Team Ability to Cash-Out Degree of Product-Market Understanding Expected Rate of Return Time to Break-Even Financial/Accounting Capabilities of Team Ability to Create Post-Entry Barriers Business Meets Funds Constraints Process/Production Capabilities of Team Uniqueness of Product & Technology Market Growth & Attractiveness Ranked List Degree Market Already Established Time to Payback Ability to Influence Nature of Business Importance of Unclear Assumptions Stage of Investment Required Ease of Market Entry Strength of Suppliers & Distributors Nature And Degree of Competition National Location of Business Business & Product Fit with Fund Portfolio Market Size Sensitivity to Economic Cycles Ability to Syndicate Deal Number & Nature of Co-Investors in Deal Seasonality of Product-Market Scale & Chance of Later Financing Rounds Location of Business Relative to Fund
5 Product-Market And Strategic-Competitive Factors Rank: Product-Market Factors: Strategic Competitive Factors: 11 Sustained-Share Competitive Position 14 Degree Of Product-Market Understanding 16 Ability To Create Post-Entry Barriers 18 Uniqueness Of Product & Technology Market Growth And Attractiveness Degree Market Already Established 21 Ease Of Market Entry Strength Of Suppliers And Distributors Nature And Degree Of Competition 22 National Location Of Business 23 Market Size 25 Sensitivity To Economic Cycles Findings From Cluster Analysis ) The Overall Level Of Association Among Venture Capitalists In Terms Of The Ranking Of The Investment Decision Criteria Appears Mixed ) Several Clusters Or Groupings Of Venture Capitalists Do Appear As Well As A Number Of Weakly Associated Individuals ) Groupings Do Not Appear To Be Associated By: 5 Country 5 Scale Of Fund 5 Typical Round Of Financing 5 Apparent Network Cluster Descriptions ) Opportunistic Investors ) Product-Market Investors ) People Investors ) Financial Investors
6 Cluster A: Opportunistic Investors 5 Ease of Market Entry (+6) 5 Scale And Chance Of Later Rounds Of Finance (+6) 5 Time To Breakeven (+5) 5 Ability To Cash Out (+4) 5 Degree of Product-Market Understanding (+4) 5 Sustained Share Competitive Position (-7) 5 Market Size (-7) 5 Stage of Investment Required (-6) 5 Degree Market Already Established (-5) 5 Ability To Create Post-Entry Barrier (-4) 5 Leadership Potential Of Management Team (-4) Cluster B: Product-Market Investors 5 Sensitivity To Economic Cycles (+10) 5 Market Growth And Attractiveness (+10) 5 Business Meets Fund Constraints (+6) 5 Sustained Share Competitive Position (+6) 5 Expected Rate of Return (+5) 5 Degree Market Already Established (-8) 5 Importance of Unclear Assumptions (-7) 5 National Location of Business (-7) 5 Time To Breakeven (-6) 5 Time To Payback (-5) 5 Process/Production Capabilities Of Team (-5) Cluster C: People Investors 5 Track Record Of Lead Entrepreneur (+8) 5 Market Size (+6) 5 Ability To Create Post-Entry Barriers (+5) 5 Leadership Potential Of Management Team (+5) 5 Degree Market Already Established (+4) 5 Expected Rate Of Return (-11) 5 Importance Of Unclear Assumptions (-10) 5 Business Meets Fund Constraints (-7) 5 Business And Product Fit With Fund Portfolio (-6) 5 National Location Of Business (-6)
7 Cluster D: Financial Investors 5 Expected Rate Of Return (+7) 5 Time To Breakeven (+5) 5 Ability Of Investors To Influence Deal (+5) 5 Business Meets Fund Constraints (+4) 5 Sustained Share Competitive Position (+4) 5 Recognized Industry Expertise In Team (+4) 5 Ability To Syndicate Deal (-7) 5 Importance Of Unclear Assumptions (-6) 5 Degree Of Product-Market Understanding (-6) 5 Strength Of Suppliers And Distributors (-6) 5 Market Size (-5) 5 Scale And Chance Of Later Round Financing (-5) Implications ) Venture Capital, Based On The Nature Of Investment Decision-Making, Appears To Be Pan-European ) Venture Capitalists Do Not Appear To Judge Investment Opportunities Primarily On Product-Market Or Strategic Competitive Factors ) On An Overall Basis, Venture Capitalists Look For A Top Notch Management Team ) They Do Not Appear To Be Overwhelmed By The Financials: Entrepreneurs Need To Spend Time And Effort In Positioning Team And Product-Market Opportunity Rather Than "Engineering" The Financials Implications ) Venture Capitalists Will Work Around Aspects Of The Deal And Fund Issues If The Opportunity Is Good Enough ) Venture Capitalists View Of Their World Is Colored By Their Prior Experience ) While These Observations Are Generally True, There Is A Great Deal Of Individual Variation In What Venture Capitalists See As Important: Entrepreneurs Need To Shop Their Deal ) Entrepreneurs: Look Beyond National Borders For Investment, Location Does Not Appear That Important
Insufficient Cash On Hand A Frequent Reason For Needing A Business Loan
Insufficient Cash On Hand A Frequent Reason For Needing A Business Loan 2 Cash flow is cash into or out of a business When cash inflows exceed cash outflows, it is generally indicative of good financial
Financing Your Already Established Business Georgetown University Alumni Career Services Keith Kohler, K² Financing with special guest Ivan Abrams,
Financing Your Already Established Business Georgetown University Alumni Career Services Keith Kohler, K² Financing with special guest Ivan Abrams, Abrams & Company, Inc. Introduction K² Financing Financing:
( The Simple Yet Critical Questions You Must Be Able to Answer BEFORE talking with Venture Capitalists )
Or ( The Simple Yet Critical Questions You Must Be Able to Answer BEFORE talking with Venture Capitalists ) The Venture Capital Checklist Right so this was supposed to be a quick one page checklist of
PRIVATE EQUITY SURVEY QUESTIONNAIRE
PRIVATE EQUITY SURVEY QUESTIONNAIRE Instructions When completing the survey please recall the decision-making process of any specific investment you have recently made. Personal Information Name Company
SCORECARD VALUATION METHODOLOGY Establishing the Valuation of Pre-revenue, Start-up Companies by Bill Payne
SCORECARD VALUATION METHODOLOGY Establishing the Valuation of Pre-revenue, Start-up Companies by Bill Payne This article was originally written in May 2001 and extensively revised in January 2011. The
Guidelines Business Plan
Guidelines Business Plan and Innovation CTI Jurors evaluate business plans and provide feedback entrepreneurs in 9 areas and VCs in 4 areas Objectives Elements of evaluation Relevant for ranking 1 Jurors
Preparing A Business Plan. Presented By: Raed Daoudi
Preparing A Business Plan Presented By: Raed Daoudi The Business Plan Whether it s a start-up company, an expansion of an existing firm, a spin-off from a parent corporation, or even a project within a
Effective Investor Presentations
Effective Investor Presentations What is effective? The purpose of an investor presentation is not to close a deal, but to get you to the next step. A two minute elevator pitch results in a request for
VENTURE CAPITAL 101 I. WHAT IS VENTURE CAPITAL?
VENTURE CAPITAL 101 I. WHAT IS VENTURE CAPITAL? Venture capital is money provided by an outside investor to finance a new, growing, or troubled business. The venture capitalist provides the funding knowing
Health Care Viewpoint
Global Penetration: Growth and Competitive Advantage Health Care Viewpoint Number 6 Bain health care expertise As the year 2000 approaches, the health care industry is still turbulent. Customer requirements
Intel Capital Investing in Global Innovation. January 2014
Intel Capital Investing in Global Innovation January 2014 Strategic, Long Term Investor Intel s Global Investment and M&A Organization Our Mission Enhance Intel s strategic objectives by making and managing
New York StartUP! 2013 Business Plan Competition Company Profile
New York StartUP! 2013 Business Plan Competition Company Profile Company Name: Year Founded: Contact Name: Address: City State Zip: Target Market: Customer Problem: Email: p: f: URL: Industry: # Employees:
How to Write an Effective Business Plan
How to Write an Effective Business Plan A good business plan is an invaluable tool for any business owner, whether you are just starting your new enterprise, expanding or changing strategic direction.
The main points are: The Business Plan How To Write It. History of your Business
The Business Plan How To Write It A business plan has nine key sections. Within each of the following sections there is a list of points that should be covered fully backed up with detailed information
GENERAL GUIDELINES FOR DEVELOPING A BUSINESS PLAN
GENERAL GUIDELINES FOR DEVELOPING A BUSINESS PLAN August 2012 Table of contents Introduction... 3 1. Executive Summary... 3 2. Business Summary... 3 2.1 Company Summary... 3 2.2 Management Summary... 3
Financing a New Venture
Financing a New Venture A Canadian Innovation Centre How-To Guide 1 Financing a new venture New ventures require financing to fund growth Forms of financing include equity (personal, family & friends,
Module 3: The Venture Capital Negotiation and Investment Process The Venture Capital Investment Process TABLE OF CONTENTS
Module 3: The Venture Capital Negotiation and Investment Process The Venture Capital Investment Process 1.0 THE VENTURE CAPITAL INVESTMENT PROCESS TABLE OF CONTENTS Typical Stages in Life Cycle of Venture
Investors G u i d e 201 0 1 Investors Guide 2011
2011 Investors 2011 Guide 1. 2. 3. 01 Investors Guide 2011 1 2 5 3 4 6 Investors Guide 2011 02 03 Investors Guide 2011 1 2 3 4 5 Investors Guide 2011 04 1 2 2 2 05 Investors Guide 2011 3 3 3 4 5 5 5 Investors
British Business Bank
British Business Bank Peter Wilson CEO British Business Bank Investments ABFA Annual Conference 3 June 2015 Contents Overview of the British Business Bank Rationale Business Model Aims Programmes Impact
UK s Private Equity community: the verdict on Procurement
UK s Private Equity community: the verdict on Procurement Contents pg 2 Executive Summary Introduction 3 Sampling Methodology and survey design 4 Survey Results 5 How involved are private equity General
Financial Projections. Making sense of the money
Financial Projections Making sense of the money The Burning Questions What are your capital needs? Projections How will you get that capital? Structure: Equity or debt? Ownership structure Up-front or
Entrepreneurs Wary of Dilution? A Perspective to Consider
Entrepreneurs Wary of Dilution? A Perspective to Consider Most entrepreneurs are loath to give up equity anyone who has ever watched Shark Tank knows that. And it makes sense. After all, it s your breakthrough
OPPORTUNITY STATEMENT:
2.3.3 HVAC Contractor Business Model The HVAC contractor model reviews the operating environment for contractors whose primary service offering is HVAC installation and repair. The model also highlights
A Fund of Funds Investment Strategy to Create an Enduring Venture Capital Ecosystem in Wisconsin: Money for Minnows
A Fund of Funds Investment Strategy to Create an Enduring Venture Capital Ecosystem in Wisconsin: Money for Minnows Many states have significant levels of research and development activity, large and well-funded
Cornell Hospitality Business Plan Competition Official Rules and Guidelines
Cornell Hospitality Business Plan Competition Official Rules and Guidelines Summary: Through the generous gift of the Sun Family, Stanley Sun SHA 00 and his parents Dennis and Betty Sun, the Leland C.
Demand Dividend: Creating Reliable Returns in Impact Investing
Demand Dividend: Creating Reliable Returns in Impact Investing Demand Dividend is a debt vehicle designed to improve the repayment cycle for impact investors and ease capital access for social enterprises.
Intel Capital. Investing in Global Innovation February 2013
Intel Capital Investing in Global Innovation February 2013 Strategic, Long-Term Investor Intel s Global Investment and M&A Organization Our Mission: Enhance Intel s strategic objectives by making and managing
DEAL PROCESS WORKSHOP. April 30, 2015
DEAL PROCESS WORKSHOP April 30, 2015 Importance of a well-established Deal Process Well-established Deal Process Investments in well-managed, high integrity start-up companies Good quality investment portfolio
James Madison University
James Madison University Center of Academic Excellence in Information Assurance Education Presents The Information Security MBA Information technology is changing the business environment Our civilization
Unsecured Business Lines Of credit. Real Estate Investors, Business Owners, Start Up Business
Unsecured Business Lines Of credit Real Estate Investors, Business Owners, Start Up Business What is this program? This program is an alternative funding method with these great features No Collateral
Commercialization Overview The Austin Model. Laura J. Kilcrease Triton Ventures
Commercialization Overview The Austin Model November 2004 Laura J. Kilcrease Triton Ventures laura@tritonventures.com 2004 Triton Ventures 1 Commercialization The Austin Model Establish excellence in R&D
BUSINESS PLAN OUTLINE
BUSINESS PLAN OUTLINE I. Background of the Business If an existing business, give a brief history of the company. If a new business, describe in detail what your company will be about. II. Qualifications
Part 10. Small Business Finance and IPOs
Part 10. Small Business Finance and IPOs In the last section, we looked at how large corporations raised money. In this section, we will examine some of the financing issues facing small and start-up businesses.
1. Introduction. For further information contact; Donnchadh Cullinan Manager, Banking Relationships & Growth Capital Department +353 1 727 2162
Enterprise Ireland is the Government agency responsible for the development and growth of Irish enterprises in world markets. We work in partnership with Irish enterprises to help them start, grow, innovate
Intel Capital Investing in Global Innovation. January 2014
Intel Capital Investing in Global Innovation January 2014 Strategic, Long Term Investor Intel s Global Investment and M&A Organization Our Mission Enhance Intel s strategic objectives by making and managing
BANGKOK BUSINESS CHALLENGE THE SEED OF SUCCESS
BANGKOK BUSINESS CHALLENGE THE SEED OF SUCCESS In its third year, Bangkok Business Challenge has continued to evolve as a leading academic event and Thailand s most renowned business plan competition.
INTRODUCTION TO RAPID PRODUCT DEVELOPMENT (RPD)
INTRODUCTION TO RAPID PRODUCT DEVELOPMENT (RPD) SCHEMATIC REPRESENTATION FOR NEW INTERNATIONAL PRODUCTS DEVELOPMENT The scheme below considers the product design concept, main outlines and shape were defined
How does a venture capitalist appraise investment opportunities?
1 How does a venture capitalist appraise investment opportunities? Michael Queen - Finance Director, 3i Group plc A presentation to: 23 Pensions Convention 2 June 23 A How presentation does a venture to:
How Tsinghua Manages its Companies
DO NOT CITE, QUOTE, COPY OR CIRCULATE J Song 1 How Tsinghua Manages its Companies Dr. Jun Song President, Tsinghua Holdings Co. Ltd. Tsinghua University, Beijing 100084, P. R. China Tel: 86-10-62782279,
BUSINESS PLAN OUTLINE
I - BUISNESS PLAN OUTLINE INTRODUCTION TO THE BUSINESS PLAN & CONCEPT Before starting a new business or expanding an existing business, you should develop a Business Plan. The Business Plan will serve
Project Management Services
Join other leading firms in discovering the agility, efficiency, and expertise of MicroAgility! gility.com Completing projects on-time, on-budget and without surprises is critical for a business to meet
PRODUCTIVITY & GROWTH
Productivity Financial Tools There are a number of financial tools that can be used to measure the financial performance and potential contribution of improvement projects to the productivity of a business.
BUSINESS PLAN TEMPLATE
BUSINESS PLAN TEMPLATE Business Name: (Please provide details of owners / members involved) Name of owner(s): Address: Identity Number: Tel: ( ) Cell: 1 1. INTRODUCTION OF YOUR BUSINESS IDEA 1.1. Give
Investment Capital Program Guidelines. Creating Business Investment, Innovation and Opportunity Accelerate your access to capital
Investment Capital Program Guidelines Creating Business Investment, Innovation and Opportunity Accelerate your access to capital Today s small businesses are dynamic innovators that will shape British
PROJECT DUE: Name: Date: Water Filtration Portfolio Eligible Project
Name: Date: Water Filtration Portfolio Eligible Project PROJECT DUE: Now that you have explored the process of water filtration you are going to use your expertise to individually design and build your
Impact Investing Lab Financing innovation: the role of Angel Investing
Impact Investing Lab Financing innovation: the role of Angel Investing December 3rd, 2014 www.iban.it Entrepreneurship: a definition
Guide to a winning business plan
Guide to a winning business plan Guide to a winning business plan How to use the guide: The following fields are mandatory to use and are evaluated by the judges when you submit an entry in Venture Cup
AIM INVESTOR DAY 3 April, 2014
1 AIM INVESTOR DAY 3 April, 2014 2 MISSION Italia Independent Group has a clear mission: to develop the brand Italia Independent. The company heads a group active in the market of eyewear, lifestyle products
Business Plan Template Job Creation Social Enterprise
Business Plan Template Job Creation Social Enterprise Enterprise ABC Agency XYZ Prepared by: Last Revised: 08 October 2009 TABLE OF CONTENTS 1. BUSINESS DESCRIPTION... 3 1.1. Enterprise and agency overview...
Venture Debt Overview
Venture Debt Overview Introduction When utilized appropriately, venture debt can reduce dilution, extend a company s runway or accelerate its growth with limited cost to the business If utilized poorly
Creating a Comprehensive Business Plan
Creating a Comprehensive Business Plan Although most people know that it is wise to have a well calculated Business Plan before starting a company, many people do not know how to properly prepare one.
ACCESS TO CAPITAL MARKETS FOR SMALL NEW ZEALAND EXPORTERS: IS THERE A MARKET FAILURE?
ACCESS TO CAPITAL MARKETS FOR SMALL NEW ZEALAND EXPORTERS: IS THERE A MARKET FAILURE? Alex Sundakov and Ben Gerritsen Castalia Ben.gerritsen@castalia-advisors.com, (+644 913 2800) Abstract This paper considers
Preparing a Business Plan ANS 439 Group Projects
Preparing a Business Plan ANS 439 Group Projects What is a Business Plan? A business plan is a document outlining the key functional areas of a business including operations, management, finance, and marketing.
RICHLAND COMMUNITY COLLEGE BUSINESS CONCEPT CHALLENGE SPONSORED BY:
RICHLAND COMMUNITY COLLEGE BUSINESS CONCEPT CHALLENGE 2015 SPONSORED BY: CALENDAR OF EVENTS Tuesday, March 24, 2015............................... Executive Summary Workshop NSEC 121 6:00 PM Tuesday, March
Starting your Business Guide
Starting your Business Guide Small Business Resources The material in this document is intended to provide only general information to Canadian Western Bank s clients and the public, and not for the purposes
The AR Factor. The economic value of Accounts Receivable Finance to Europe s leading economies October 2011
The AR Factor The economic value of Accounts Receivable Finance to Europe s leading economies October 2011 Executive Summary The purpose of this report is to assess the benefits that Accounts Receivable
Global Survey: Is enterprise social collaboration living up to its promise? May 2013 Avanade
Global Survey: Is enterprise social collaboration living up to its promise? May 2013 Avanade Across the board, IT and business decision-makers, along with end users, report positive outcomes from their
How Do Venture Capital Investors Add Value To Portfolio Companies?
This article first appeared in slightly modified form in Top Capital October 2007 Capital Investors Add by Joseph Chan Corporate & Securities Joseph Chan +86.21.63351128 joseph.chan@pillsburylaw.com Joseph
GLOSSARY OF EVALUATION TERMS
Planning and Performance Management Unit Office of the Director of U.S. Foreign Assistance Final Version: March 25, 2009 INTRODUCTION This Glossary of Evaluation and Related Terms was jointly prepared
A Structured Approach to Business Financing, Part 1: Current Landscape Tiered Financing
A Structured Approach to Business Financing, Part 1: Current Landscape Tiered Financing By MARK EIKELAND, CGA Times have changed Show me the money A tiered approach to financing More reasons to use the
Topic 3: Accounts and finance
Topic 3: Accounts and finance 3.1 Sources of Finance LO1: Evaluate advantages & disadvantages of each form of finance. LO2: Evaluate appropriateness of source of finance for given situation. Short, Medium,
Business Flanning. and Market Strategy
Business Flanning and Market Strategy E. K. Valentin Weber State University dsage Los Angeles [ London New Delhi Singapore Washington DC Contents Preface xiii PART I: THE BIG PICTURE 1 1 Business Flanning
Alternative Sources of Funding Your Business. Presented by: Eva Brown, Director of the Access to Capital Program
Alternative Sources of Funding Your Business Presented by: Eva Brown, Director of the Access to Capital Program WBDC Programs Business Start-up Program Established Business Program Finance Program WBDC
what s inside Who we are 2 How discretionary investment management can work for you 3 Your customized investment portfolio 4 Regular client contact 5
Vancity Investment Management provides you with direct access to an experienced, dedicated Portfolio Manager who will actively monitor and professionally manage your account. Thank you for taking the time
Entrepreneur Certificate Program BUSINESS PLANNING
Entrepreneur Certificate Program Brought to you by NJ Small Business Development Center BUSINESS PLANNING Overview Business Plan Formulation This workshop covers all the components of a business plan (business
PBL: Project Management. Competency: Project Definition
Competency: Project Definition 1. Define project management and the context of modern project management. 2. Describe how to manage projects throughout the five major process groups. 3. Define the characteristics
BAAZI BUSINESS STRATEGY AND VENTURE CAPITAL CHALLENGE SHAILESH J. MEHTA SCHOOL OF MANAGEMENT IIT BOMBAY
BAAZI BUSINESS STRATEGY AND VENTURE CAPITAL CHALLENGE SHAILESH J. MEHTA SCHOOL OF MANAGEMENT IIT BOMBAY Page2 BAAZI BAAZI is the flagship event of NAVONMESH, the Entrepreneurship Convention of AVENUES
Investor Growth Capital Stephen Campe
Investor Growth Capital Stephen Campe Head of Investor Growth Capital Agenda 1. Rationale for Investor Growth Capital and strategy 2. Business overview and setup 3. Our value creation model 4. The portfolio
EXECUTIVE SUMMARY OF THE PRODUCTIVITY ENHANCEMENT PROGRAM EVALUATION
EXECUTIVE SUMMARY OF THE PRODUCTIVITY ENHANCEMENT PROGRAM EVALUATION Submitted to: United States Department of State (formerly the United States Information Agency) Bureau of Educational and Cultural Affairs
Chapter 6 The Business Plan: Visualizing the Dream
Chapter 6 The Business Plan: Visualizing the Dream TRUE/FALSE 1. As the game plan for a new venture, the business plan focuses on the entrepreneur's bank account and other cash sources. The business plan
Assessing Viability and Feasibility of Business Ideas. Dr. Neeraj Pandey Assistant Professor LM Thapar School of Management
Assessing Viability and Feasibility of Business Ideas Dr. Neeraj Pandey Assistant Professor LM Thapar School of Management WHY NEW VENTURES FAIL Lack of Objective Evaluation No Real Insight into the Market
Shaping. Business Strategy. Through. Competitive Intelligence. Strategic Use of. Intellectual Property Information
Shaping This project is funded by the EU Business Strategy Through Competitive Intelligence Strategic Use of Intellectual Property Information Strategic Planning Process Business Strategy Definition This
CE Entrepreneurship. Investment decision making
CE Entrepreneurship Investment decision making Cash Flow For projects where there is a need to spend money to develop a product or establish a service which results in cash coming into the business in
Franchisee Motivation Survey Report
Franchisee Motivation Survey Report In today's economic turmoil, franchising is countercyclical to the economy. As the unemployment rate rises, entrepreneurship is becoming more appealing and more effort
Learn the basics of using spreadsheets Use a spreadsheet to make your calculations easier. Customize a spreadsheet to calculate profit
Course Directory HP LIFE e-learning is a free, cloud-based training program designed for students, entrepreneurs, and small- owners to develop their IT and skills anytime, anywhere. The courses are modular,
Measures to support access to finance for SMEs. Funding for Lending... 2. The National Loan Guarantee Scheme (NLGS)... 2
Measures to support access to finance for SMEs Contents Funding for Lending... 2 The National Loan Guarantee Scheme (NLGS)... 2 Enterprise Finance Guarantee (EFG)... 3 Business Finance Partnership (BFP)...
Key Steps Before Talking to Venture Capitalists
Key Steps Before Talking to Venture Capitalists Some entrepreneurs may not be familiar with raising institutional capital to grow their businesses. Expansion plans beyond common organic growth are typically
I. Executive Summary. II. The Business and its Product/Services
Business Plan Outline UW Oshkosh Small Business Development Center Tel. 1-800-232-8939 (In Oshkosh, (920) 424-1453) Web Site: www.wisconsinsbdc.org/oshkosh There are a variety of styles and formats used
Attitude to Risk Questionnaire.
Attitude to Risk Questionnaire. 1. In an effort to grow your wealth, can you afford to lose any money over the next two years? No Yes 2. When do you expect to start withdrawing money from your investment?
D.A.M. De Silva and Trond Bjorndal, Sabaragamuwa University of Sri Lanka and Centre for the Economics and Management of Aquatic Resources(CEMARE), UK
D.A.M. De Silva and Trond Bjorndal, Sabaragamuwa University of Sri Lanka and Centre for the Economics and Management of Aquatic Resources(CEMARE), UK Introduction Objectives Conceptual framework Methodology
-CMA Learning System, version 3.0 Part 2: Financial Decision Making The University of Georgia- Instructor-led Classroom Syllabus
1 Course Introduction Introduction to CMA Credential and CMA Learning System Section A: Financial Statement Analysis Topic 1: Basic Financial Statement Analysis Topic 2: Financial Performance Metrics Financial
Because of inherent tradeoffs between marketing mix elements, pricing will depend on other product, distribution, and promotion decisions.
10. Pricing Strategy One of the four major elements of the marketing mix is price. Pricing is an important strategic issue because it is related to product positioning. Furthermore, pricing affects other
NATIONAL CERTIFICATE (VOCATIONAL)
NATIONAL CERTIFICATE (VOCATIONAL) SUBJECT GUIDELINES FINANCIAL MANAGEMENT NQF Level 4 September 2007 FINANCIAL MANAGEMENT LEVEL 4 CONTENTS INTRODUCTION 1 DURATION AND TUITION TIME 2 SUBJECT LEVEL OUTCOME
The How To Guide To Raising Venture Capital. B-Hert Master Class Workshop 06 09/05/02
The How To Guide To Raising Venture Capital B-Hert Master Class Workshop 06 09/05/02 Andrew Maxwell Serial Entrepreneur Return to Study Management Consultant to Start Ups CEO, ES Group Ventures MOOT CORP
IPDET Module 6: Descriptive, Normative, and Impact Evaluation Designs
IPDET Module 6: Descriptive, Normative, and Impact Evaluation Designs Intervention or Policy Evaluation Questions Design Questions Elements Types Key Points Introduction What Is Evaluation Design? Connecting
COGENT CONSULTING, INC.
COGENT CONSULTING, INC. point of view Taking the Guesswork out of Resource Allocation How to align marketing investments with growth opportunities and potential Doing More with Less The Patent Cliff. The
E-COMMERCE AND ENTREPRENEURSHIP 579M. Essential Curriculum Course Overview. Total Hours: 125. 01 Should You Become an Entrepreneur?
E-COMMERCE AND ENTREPRENEURSHIP 579M Essential Curriculum Course Overview Total Hours: 125 UNIT 1: THE BASICS OF ENTREPRENEURSHIP Hours: 10 01 Should You Become an Entrepreneur? (2 hours) The student will
Do you have difficulty making purchasing decisions? Have you ever wished you could figure out how to decide more easily?
Portable Skills Handout #1 Conducting a Cost Benefit Analysis Do you have difficulty making purchasing decisions? Have you ever wished you could figure out how to decide more easily? Some decisions, such
Keeping it Simple: White Paper. Lifestyle Funds: A Streamlined Approach
Keeping it Simple: Lifestyle Funds for Retirement Planning Retirement investors who suspect that things are more complicated than they used to be can take heart from the findings of a new study by American
VENTURE CAPITAL FINANCING FINC-GB.40.3173.00
VENTURE CAPITAL FINANCING FINC-GB.40.3173.00 Professor Glenn A. Okun E-mail gokun@stern.nyu.edu Home page: www.stern.nyu.edu/~gokun COURSE DESCRIPTION When it comes to raising capital for early stage companies,
Keir s FINANCIAL PLANNING. Revised December 2015
Keir s FINANCIAL PLANNING 2016 Revised December 2015 Published by: KEIR EDUCATIONAL RESOURCES 4785 Emerald Way Middletown, OH 45044 1-800-795-5347 Fax 1-800-859-5347 E-mail customerservice@keirsuccess.com
WHAT IS CAPITAL BUDGETING?
WHAT IS CAPITAL BUDGETING? Capital budgeting is a required managerial tool. One duty of a financial manager is to choose investments with satisfactory cash flows and rates of return. Therefore, a financial
Business Plan Guide for a Small Business
Business Plan Guide for a Small Business A Business Plan is a written document that describes the path of your business venture. It describes what you want to do and how you plan to do it, usually covering
24. 56. 90 93. Entrepreneurial Business Development Program THE ALEIT GROUP 68% 98,9% 23.30 + 16.80% =? PROSPECTUS 2015 2016
Entrepreneurial Business Development Program 9,9% 24. 60 23.30 + 16.0% =? 56. 90 6% PROSPECTUS 2015 2016 93. 60 CERTIFIED BY SOUTHERN BUSINESS SCHOOL 5 6 7 2 3 4 9 0 0 TABLE OF CONTENTS PROGRAM OVERVIEW
Presentation of Schneider Electric Ventures. May 2009
Schneider Electric Ventures Developer of Innovative Companies Let s s build on technologies Presentation of Schneider Electric Ventures May 2009 Schneider Electric Ventures - Developer of Innovative Companies
VII. The Feasibility Study
VII. The Feasibility Study What is a Feasibility Study? Types of Feasibility Cost/Benefit Analysis Risk Analysis Comparing Alternatives Information Acquisition Feasibility Study Contents Do it! 2004 Jaelson
Business Plan Workbook
Business Plan Workbook TABLE OF CONTENTS 1.0 OVERVIEW... 3 2.0 DESCRIPTION OF THE BUSINESS... 5 3.0 OWNERSHIP & MANAGEMENT... 7 4.0 MARKET & INDUSTRY OVERVIEW... 8 5.0 MARKETING PLAN & STRATEGY... 11 6.0