Philip Baddeley, Venture Capital Tips from London
Are you an entrepreneur thinking about going for venture capital? Well, Philip Baddeley works with startups in Cambridge, England, and helps entrepreneurs know what to expect and prepare their pitches. I found him interesting to talk with, and he gave me lots of good information on how to approach the venture capital industry, not just in England, but anywhere.
Tags: Philip Baddeley, England
December 21st, 2006 at 1:45 pm
[…] Scoble frappe encore avec un podcast assez intéressant avec un investisseur nommé Philip Baddeley du coin de Cambridge en Angleterre. […]
December 27th, 2006 at 3:22 pm
merci pour votre comment!
Mais je ne parle pas Le Francais tres bien.
Je suis desole mais….
December 29th, 2006 at 4:04 pm
Time line of the video at Robert Scoble and Equity Fingerprint video on Podtech
Who are you? Where are we?
What do you do? Explain to people why they need Equity Fingerprint - VCs
Venture capital in Cambridge; Microsoft in Cambridge
Cambridge accounts for 24% of VC investment in the UK
Podtech.net raised $5.5million
YouTube.com plus VCs
Podtech already has 30 employees; VCs and runways; make the plane fly
How Equity Fingerprint helps? - Entrepreneur = Equity + MBA; It is the equity which makes the difference
After the business planning process, you need to plan your equity
Difficult to get out after making an investment
Extra resources offered by VCs; contact with customers
Non-executive director makes you think through all the time; due diligence
Most common mistake made my entrepreneurs is customer engagement
Pick up a phone and talk to customers; feedback from customers - Equity Fingerprint Guide – a business plan resource
Life-style (consultancy) v high growth (scaleable)
Download from www.equityfingerprint.com;
Survey with Lancaster University Management School
Getting away from not understanding equity
What is the value offered by Equity Fingerprint?
Working with entrepreneurs; founder shares - How much money should an entrepreneur take?
Why does a software engineer want lots of money?
$50k start; $500k second round and then $5million
Difficult with lots of money from VCs but exciting,; run, run and run
Their business, their way
When you take money, you give up your freedom - No place to hide! Have you performed?
Are you in charge, lifestyle; or someone else in charge, VCs
How much do you own? - Stamp your personality on the company
Remember it is difficult for VCs to raise funds
With VCs, you are right at the sharp end of a tough market
You must communicate with other investors; talk, talk and talk
VCs like to know what is going on
Equity Fingerprint Journey Planner
How do you value a company?
VCs generous at start but VCs claw back if you stumble
Find a VC who likes your space to get good valuations
VCs are very special; networking for you providing you keep going
VCs want a good share; too little, they get poor returns; too much, they run the business
Structure the deal so that the founders get options
What happens with the Angels?
Difficult to split he pie three ways so Angels can lose out
Squeeze the Angels
Negotiating with the VCs – what happens
What can the VCs bring to the party?
The VCs bring so much more to the party than just money
Structure of board of directors; small board with focus
Which founders go on the board?
Second round stage; ramp up even further with second and third round
Do early investors have the cash to continue investing?
Getting second round investors to revalue the business
What is dilution? Balance dilution with growth
Opportunity, opportunity, opportunity
VCs add so much value
How VCs helped build eBay
VCs start lots of buinesses; entrepreneurs just a three or four
What should an employee look for when joining a company?
What should an employee ask?
Noam Wasserman study at Harvard - CEO gets 5%; CFO 1%
Employees get diluted but the option pool is normally protected
Provide an incentive to employees
What is view of VCs to option pool?
Equity Fingerprint Journey Planner www.businessplanresource.biz
Which path? Bonzer business or bonanza business?
Fantastic question by Robert Scoble
If you own it you control it and sell it
Once other people involved you have to sell the business or IPO
EF Board Game to show the difference of bringing in other shareholders
Different tracks
VC want quick result in one or two years
Is YouTube the moat round the castle for Google or money making opportunity?
Lots of non-paying customers is so valuable
VCs have ten year funds (I say entrepreneurs by mistake)
EF Graphic Book design – a new idea
Graphic novel on 9/11 report – it is a complete book of cartoons
The cartoons help make the report accessible
Graphic Novel will have different types of businesses
Special super glue which does not stick to the skin
Two story boards; one fun, one serious
Contact www.equityfingerprint.com business plan resource
Jingfang translating guide into Mandarin
Thanks to Prof Bill Fitzgerald, David Excell, Dill, Abbi and everyone in the Cambridge Cluster
“It is a great pleasure and privilege to meet you, Robert Scoble” (said by Philip)
Thanks also to Geoff Jones and to Hugh MacLeod
December 30th, 2006 at 11:37 am
Anyone know how I can add more tags to this posting?
December 30th, 2006 at 11:43 am
This is a reply to the post on 21 December 2006.
You posted to my Scoble Show. Yes, there is a third way and some entrepreneurs do manage to start a consultancy and then develop a product company. The best known example in Cambridge is Geneva Technology which was sold for over $600million in 2000. A very special entrepreneur who bought in a serially successful CEO who managed the transition.
Great post
Equity Fingerprint - Business Plan Resource
Anyone want to translate our guide into French?
June 14th, 2007 at 2:53 am
basketball ohsaa…
shit-happens 1142341 basketball ohsaa moves…
June 26th, 2007 at 10:30 pm
http://floridastatemortgage.info/california-mortgage/ontario-mortgage-california-home-loans.php
August 12th, 2007 at 10:18 am
fff
August 25th, 2007 at 5:20 pm
September 8th, 2007 at 5:20 pm
Thank for making this valuable information available to the public.
September 28th, 2007 at 5:14 am
[…] Insgesamt ein fantastisches Tool für jeden Gründer der auf externe Kapitalgeber angewiesen ist. Hier erklärt Philip Baddeley den Equity Fingerprint noch mal im Detail. […]
October 1st, 2007 at 10:25 am
October 1st, 2007 at 10:25 am
October 1st, 2007 at 10:25 am
November 14th, 2007 at 6:37 pm
November 14th, 2007 at 6:37 pm
November 14th, 2007 at 6:37 pm