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Winning Venture Capital
  Ignite Leeds 2009
 Edward French, 22nd January 2009
• Ed French, Investment Director, Enterprise Ventures


• Team specialising in backing early-stage companies and
  teams


• Done around 40 technology investments~ half software


• £40m under management in technology funds


• Deals from £50k-£2m
What is Venture Capital?


•   VC provides capital for a share of the business (usually 25-50%)


•   VC joins the team and helps


•   Everyone makes money ... OR .. Not
     – Some businesses fail
     – Some businesses survive but don’t make money
     – A few businesses pay back all the capital
When should you start talking to a VC?


    “Early”                     “Well prepared”
Why might my business be rejected?


Too similar to other                          Too much
                       Opportunity too
 products/services         small         (technology/market)
                                                 risk
How much money should you ask for?


The least that will   What you need and a   Aim higher than you
        work               tiny bit more            need
VC’s like to back companies with no
            competitors?
How long might it take?


    3 months        6 months   12 months
Conclusion...




                9
Contact Details




                  Edward French
                      Email       Edward.french@enterprise-
                                  ventures.co.uk
                      Phone       07966 347407
                      Yuuguu ID   edwardmfrench@gmail.com
                      Website     www.rsgf.co.uk
                      Blog        techgain.net




                                                              10

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Funding For Technology Startups (Ed French)

  • 1. Winning Venture Capital Ignite Leeds 2009 Edward French, 22nd January 2009
  • 2. • Ed French, Investment Director, Enterprise Ventures • Team specialising in backing early-stage companies and teams • Done around 40 technology investments~ half software • £40m under management in technology funds • Deals from £50k-£2m
  • 3. What is Venture Capital? • VC provides capital for a share of the business (usually 25-50%) • VC joins the team and helps • Everyone makes money ... OR .. Not – Some businesses fail – Some businesses survive but don’t make money – A few businesses pay back all the capital
  • 4. When should you start talking to a VC? “Early” “Well prepared”
  • 5. Why might my business be rejected? Too similar to other Too much Opportunity too products/services small (technology/market) risk
  • 6. How much money should you ask for? The least that will What you need and a Aim higher than you work tiny bit more need
  • 7. VC’s like to back companies with no competitors?
  • 8. How long might it take? 3 months 6 months 12 months
  • 10. Contact Details Edward French Email Edward.french@enterprise- ventures.co.uk Phone 07966 347407 Yuuguu ID edwardmfrench@gmail.com Website www.rsgf.co.uk Blog techgain.net 10