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@BEAGLESLOFT #VENTUREWEDNESDAYS

Venture wednesdays - Fundraising 101

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Venture Wednesdays is a program by Beaglesloft to create an ecosystem of VCs, entrepreneurs, engineers and designers in Bangalore. The first event of the series was on July 9, 2014 and focused on Fundraising 101. VCs from Sequoia capital and Accel Partners had a panel discussion with the entrepreneurs. Follow @Beaglesloft on twitter.

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Page 1: Venture wednesdays - Fundraising 101

@BEAGLESLOFT #VENTUREWEDNESDAYS

Page 2: Venture wednesdays - Fundraising 101

A PLAYGROUND FOR

ENTREPRENEURS, ENGINEERS AND

DESIGNERS

Page 3: Venture wednesdays - Fundraising 101

VENTURE WEDNESDAY

S

TECH BUILDERS RE:DESIGN

Page 4: Venture wednesdays - Fundraising 101

VENTURE WEDNESDAYS

Page 5: Venture wednesdays - Fundraising 101

GOAL

CREATE AN ECOSYSTEM IN BANGALORE LIKE SILICON VALLEY OR

NEW YORK

EDUCATE ENTREPRENEURS IN

FUNDRAISING

INCREASE THE AMBITION OF STARTUPS

IN BANGALORE TO BUILD GLOBAL

COMPANIES

Page 6: Venture wednesdays - Fundraising 101

PROGRAM

BLOG POST EVERY WEDNESDAY

EVENT ON SECOND WEDNESDAY OF EVERY MONTH

PANEL DISCUSSION AND ONE STARTUP PITCH

Page 7: Venture wednesdays - Fundraising 101

FUNDRAISING 101

Page 8: Venture wednesdays - Fundraising 101

VCs

PRAYANK SWAROOPACCEL PARTNERS

NAGARAJA PRAKASAMANGEL INVESTOR

GAUTAM MAGOSEQUOIA CAPITAL

Page 9: Venture wednesdays - Fundraising 101

1.1 THE PITCH

Page 10: Venture wednesdays - Fundraising 101

A PROCESS OF TRIAGE – FOCUS ONLY ON WHAT MATTERS

SEED CAPITAL

MARKET SIZE

TEAM

PROOF OF

CONCEPT

Page 11: Venture wednesdays - Fundraising 101

PROOF OF CONCEPT

WIREFRAME SEVERAL ITERATIONS BEFORE WRITING A SINGLE LINE OF CODE

TOOLS ARE YOUR BEST FRIEND

MARVEL APP

POP APP

INVISION APP

Page 12: Venture wednesdays - Fundraising 101

PROOF OF CONCEPT

FOCUS ONLY ON BUILDING THE CORE FEATURE FIRST(DON’T WORRY ABOUT THE BELLS AND WHISTLES)

Page 13: Venture wednesdays - Fundraising 101

TEAM

STARTUPS ARE HARD. FIND YOUR FOXHOLE BUDDY

Page 14: Venture wednesdays - Fundraising 101

TEAM

BE EXCEPTIONAL AT ONE THINGOUTSOURCE THE OTHERS

ANDY RACHLEFFCEO, WEALTHFRONT

Page 15: Venture wednesdays - Fundraising 101

MARKET SIZE

THE SIZE OF THE MARKET THAT YOU ARE DISRUPTING IS VERY IMPORTANT

VENTURE CAPITAL POWER LAWA LOT OF STARTUPS FAIL, BUT THE ONES THAT

SUCCEED BETTER BE WORTH IT

Avg. Value of a meal*

6,390

Online Bookings per year, per restaurant

60,000$16.36 Billion

No. of Restaurants taking online bookings in North

America**North American Restaurant Market

$42.5

MARKET SIZE: HAGGLE

Page 16: Venture wednesdays - Fundraising 101

1.2 CONTACTING VENTURE

CAPITALISTS

Page 17: Venture wednesdays - Fundraising 101

REFERRAL IS THE BEST WAY

VCs HAVE TOO MUCH DEAL FLOW

IF YOU CAN’T EVEN GET A REFERRAL, HOW WILL YOU DEFEAT YOUR MEAN, SUPER COMPETITIVE COMPETITOR

Page 18: Venture wednesdays - Fundraising 101

DO YOUR RESEARCH

STRONG MUTUAL

CONNECTION

QUALITY OF REFERRAL

PITCH MEETING

Page 19: Venture wednesdays - Fundraising 101

1.3 THE PITCH MEETING

Page 20: Venture wednesdays - Fundraising 101

CAN A TALENTED FOUNDER BECOME A GREAT CEO WHO WILL FIGHT ALL

ODDS?

ASSESSING YOU

Page 21: Venture wednesdays - Fundraising 101

IS IT A BIG ENOUGH OPPORTUNITY

OPPORTUNITY SIZE

Page 22: Venture wednesdays - Fundraising 101

WHAT IS THE REAL INNOVATION?

THE IDEA/PRODUCT

Page 23: Venture wednesdays - Fundraising 101

1.4 AFTER THE PITCH MEETING

Page 24: Venture wednesdays - Fundraising 101

THE TERM SHEET(NEXT EVENT)

Page 25: Venture wednesdays - Fundraising 101

DUE DILIGENCE

1. DON’T LIE IN YOUR PITCH DECK

2. DON’T EMBELLISH THE NUMBERS

Page 26: Venture wednesdays - Fundraising 101

REFERENCE CHECK

GET SOMEONE WHO KNOWS YOU WELL AND CAN GIVE EXAMPLES OF YOUR LEADERSHIP TO GIVE YOU A

REFERENCE

Page 27: Venture wednesdays - Fundraising 101

NEXT EVENTAUGUST 13

TERM SHEET

Page 28: Venture wednesdays - Fundraising 101

@BEAGLESLOFT #VENTUREWEDNESDAYS