fundraising for euro startups (part 1)

14
Hacking Fundraising for Euro startups @dresenalex founder kown.co

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My slides from the fundraising workshop for Eleven batch #6.

TRANSCRIPT

Page 1: Fundraising for Euro Startups (Part 1)

Hacki ng Fundraisi ng for Euro startups @dresenalexfounder kown.co

Page 2: Fundraising for Euro Startups (Part 1)

Hello, I am Alex Dresen and i know your pain

Built 5 businesses 2 exits, 3 fails Raised $2.1M from angels, EU & US vc’s Coached entrepreneurs to fundraise I am a European « nomad »

Page 3: Fundraising for Euro Startups (Part 1)

My mission is to match you with capital so you can realize your dream Startup

and create wealth for investors

[email protected]

Page 4: Fundraising for Euro Startups (Part 1)

« Investing is to fundraising what sex is to dating. »

Page 5: Fundraising for Euro Startups (Part 1)

MODUS OPERANDI « Oldschool »

Meet, connect & find common ground (1st date)

Build a relationship (2nd date)

Close (3rd date - sex)

Page 6: Fundraising for Euro Startups (Part 1)

1. connect

Oldschool Events Demodays Elevator picthes

2014 Twitter Facebook AngelList (Silicon valley) Kown (europe)

Page 7: Fundraising for Euro Startups (Part 1)

2. Build a relationship

Page 8: Fundraising for Euro Startups (Part 1)

3. Close

Oldschool Lawyers Long negotiations Headaches Due diligence 3-6 months Investor-driven

2014 – Angie.co/Kown.com Standard contracts No lawyers Online closing Money in the bank within weeks Founder-driven

Page 9: Fundraising for Euro Startups (Part 1)

Some personal wartime Insights

Page 10: Fundraising for Euro Startups (Part 1)

1. Due Diligence your investors

!

Ask for references

Check references

Find out how they act (when the shit hits the fan)

Page 11: Fundraising for Euro Startups (Part 1)

2. Smart money is « extremely » rare

VC’s should give less advice because they “ haven’t done shit ” “ 70% of VC’s add negative value in advising ” Vinod Khosla

Page 12: Fundraising for Euro Startups (Part 1)

3. Your time = more valuable than investors’ time

Focus on product

Focus on getting customers !

Don’t waste your time (with wannabe investors or events)

Page 13: Fundraising for Euro Startups (Part 1)

4. Understand « investors »

Get introduced through an entrepreneur they’ve backed !

Your product should be awesome & loved !

Your vision/product/… should be ‘easily’ scalable

Page 14: Fundraising for Euro Startups (Part 1)

Want to raise for your startup? – Let’s talk.

http://twitter.com/dresenalex http://facebook.com/dresenco !

[email protected]