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FLYWHEEL VENTURES. Presentation to. Coronado Ventures Forum. Santa Fe, NM * November 18, 2004. Experienced Investment Team. Track Record of Success. Classic Investment Strategy. Hands-On Partnering with Entrepreneurs. Agenda. Experienced Investment Team. Track Record of Success. - PowerPoint PPT Presentation
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FLYWHEEL VENTURES
Coronado Ventures Forum
Santa Fe, NM * November 18, 2004
Presentation toPresentation to
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Experienced Investment Team
Classic Investment Strategy
Track Record of Success
Hands-On Partnering with Entrepreneurs
Agenda
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Experienced Investment Team
Classic Investment Strategy
Track Record of Success
Hands-On Partnering with Entrepreneurs
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Scott CarusoDirector Angel investor in NM & CO Founder of HotSpare Co-Founder of ComputeIntensive
(sold to NTT Verio; $140M) SUN Microsystems BS New Mexico State
Chris TraylorAssociate Start-up experience with PSI MBA from Univ. of New Mexico BA Kansas State University
Trevor LoyManaging Director Founded Flywheel in 1999 Boards: Comet, Samba, CVF,
Arrowhead (NMSU), NMVCA Conexant, Gigabeat, Intel, ParkingNet,
Stanford, Teradyne Co-founder, Stanford “Gap” Fund BSEE, MSEE, MS MS&E, Stanford
Kim Sanchez RaelDirector Co-Founder, Qynergy Senior exec, Intel Senator Bingaman (D-NM) BA Harvard, MBA Stanford
All Team Members Have Entrepreneurial Experience
Flywheel New Mexico Team
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Fern Mandelbaum Venture Partner, Monitor Ventures
Carlos Perea Founding Partner, Entrada Private Equity
Olympia Nguyen VP, JP Morgan Chase
Dr. Everett Rogers (1931-2004) Regents Professor, Univ. of NM Author, Diffusion of Innovations
Erik Straser, Ph.D. Partner, Mohr Davidow Ventures
Louise Velazquez Senior VP at Oracle President at Quincy Jones Productions
Tom ByersPh.D., Chairman, Strategic Advisory Board & L.P. Advisory Committee Professor of Entrepreneurship, Stanford University Co-Founder of Slate and Symantec; operating roles at Novell and Accenture Board member, Reactivity, Alphablox, Harvard Business CRC, Visio (now MSFT)
David Albin Managing Partner, Natural Gas Partners
David Alderson, Ph.D. Post-Doctoral Scholar, CalTech
Andrew Constantin Partner, Constantin Partners
Bill Garcia New Mexico Secretary of Econ Development Executive at Intel and USWest/Qwest
Craig Johnson Founder and Former Chairman, Venture Law Group
Audrey MacLean Private Angel Investor; Stanford Professor
Flywheel Strategic Advisory Board
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Experienced Investment Team
Classic Investment Strategy
Track Record of Success
Hands-On Partnering with Entrepreneurs
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Investment Size
Business Model
Geography
Semi-conductors
Telecom / Networking
Software / Internet
Advanced Materials
Security
Sector
AZ CO CA
NM $100K-$1M
3:1
Disruptive
Re-Segmentation
Flywheel Investment Criteria
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TechnologyInnovations
EntrepreneurialTalent
Market Identification
Flywheel Matching Process
SuccessfulSeed Stage Companies
The enduring competitive advantages in a global economy lie increasingly in local things—knowledge, relationships, motivation— that distant rivals cannot match.
—Michael Porter, HBS
“ ”
How Flywheel Identifies Opportunities
9Flywheel Avoids Investment Hype
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Importance of Sales and Distribution Understood?Equity Markets Understood? Value Stock > Prestige?Experienced Team; Play to Win? Know What They
Don’t Know?Market Big Enough; Segmented Properly?Business Model Works? Capital Efficient?Technology-based, Sustainable Advantage?Milestones Aligned with Risk Reduction?Realistic, Sizable Exit Strategy?
Key Questions Flywheel Asks
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Experienced Investment Team
Classic Investment Strategy
Track Record of Success
Hands-On Partnering with Entrepreneurs
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Firm-wide Value Add, Not Just One PartnerSchedule & Resource Capacity to Be InvolvedStrategy & Technical SkillsEntrepreneurial Management ExperienceManagement Recruiting Sales / Customer Resources & RelationshipsFollow-On Capital Reserves & Syndicate RelationshipsExperience in Achieving Liquidity
Assess the Venture Firm as They Assess You. Check References.
It’s a Partnership!
Key Aspects to Selecting a VC Firm
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Pick Ventures Where Flywheel Team’s Involvement Adds Operational Value
Maintain Conservative Company Ratio (3-5 Max per Flywheel Team Member)
Syndicate Investments with Additional Professional Investors Nationwide
Strategy, Recruiting, Sales, Management, and Mentoring Assistance
Flywheel’s Commitment to Entrepreneurs
14Flywheel Provides Bridge to
Silicon Valley
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Experienced Investment Team
Classic Investment Strategy
Track Record of Success
Hands-On Partnering with Entrepreneurs
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Woodside, CA
Albuquerque, NM
San Francisco, CA
Albuquerque, NM
Mountain View, CA
Palo Alto, CA
San Francisco, CA
St. Louis, MO Santa Fe, NM
Representative Flywheel Investments
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Constantin Partners
Venture Capital Investors
Representative Customers
Sample Co-Investors and Customers
