This document appears to be a presentation about financing startups. It discusses different levels of consideration for startups including the technical, financial, accounting, and legal levels. It provides information on topics such as creating a company to limit liabilities, profit and loss statements, funding rejection rates, and types of financing including equity, long-term debt, and short-term debt. The presentation was given on October 17, 2012 in Leuven by Martin van Wunnik.

1. 10th Big Data
Capricorn Venture Partners
(Leuven)
17/10/2012
Martin van Wunnik
0475/96.95.91
Martin@FinanceCoach24.com
www.slideshare/FinanceCoach24.com
1
meetup.com/Finance-for-startups

2. Technical level
“How will you make money ?”
Tech startup: Your product is only 1/3 !
Freemium (« build a community »)
Burn rate, cash crunch, « valley of death »
2
Finance & Accounting level

3. Why should you create a company?
Limit your liabilities !
Professional touch
Fiscal 34% (24% for 3y)
Succession
...
Formalities & some costs
(bank, notary, KBO/CBE, social secretary)
Double entry accounting
Revisor for in-natura contributions
3

4. Legal minimum capital
BVBA-SPRL (min.1)
CVBA-SCRL (flexible)
18.550 EUR 6.200 EUR
(or 12.400 EUR)
SA-NV (min.2): 61.500 EUR
REAL minimum = Business required ! 4

5. Profit & Loss statements (P&L)
COGS (Cost of Sales)
General Expenditures
Personnel Costs
Revenues (Sales…)
Depreciation
Financial cost
Taxes
Profit
5

6. 6

7. Investments / Costs
Today 2009 2010 2011
(300) 100 100 100
40 - -
(interest on loans? PDA? Insurance?)
7

8. 8

9. @VladBlagi
10 STEPS TO A SCALABLE
BUSINESS
A free course at 10steps2.com
9

10. Easy to deliver Big, growing
market of buyers
Easy to sell Unfair advantage
Repeatable Scalable
business growth engine
10

11. Funding
And entrepreneurs? They seem to have confused the definition of
entrepreneurship altogether.
Entrepreneurship, they mistakenly believe, equals financing!
This is wrong.
Over 99% of entrepreneurs who seek funding get rejected.
Yet, the entire world is focused on the 1% that is "fundable."
http://www.readwriteweb.com/start/2012/01/the-other-99-of-entrepreneurs.php
11

12. http://www.ideaowl.com/blog/2011/06/microconf-2011-3-
surprises-and-learnings-from-best-conference-ever/
12

13. www.impulse.de
weighted average cost of capital (WACC)
Cost of Equity (Re) = Rf + Beta (Rm-Rf).
After-tax cost of debt
13

14. 100
122
506
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15. How to finance your start-up ?
Equity
LT Debts
ST Debts
15

16. 10th Big Data
Capricorn Venture Partners
(Leuven)
17/10/2012
Martin van Wunnik
0475/96.95.91
Martin@FinanceCoach24.com
www.slideshare/FinanceCoach24.com
16
meetup.com/Finance-for-startups