Artiman Ventures reviews innovation, start ups & lifecycle for venture funding - PowerPoint PPT Presentation

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Artiman Ventures reviews innovation, start ups & lifecycle for venture funding

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This presentation by Amit Shah shares his insights on venture funding; Artiman reviews their focus on disruption and the stages in the lifecycle of a startup company. He describes the reasons for a start up as well as the different phases in the lifecycle of the start up. – PowerPoint PPT presentation

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Title: Artiman Ventures reviews innovation, start ups & lifecycle for venture funding


1
Innovation, Startups, Life
  • Amit Shah

2
What is Venture Funding?
  • Riskiest money Equity without security
  • Money that your relatives will not lend you
  • A bank lends when you dont need it
  • Types of Venture fund
  • Seed
  • Like the individual / team
  • Early
  • When it is a concept Mid
  • Product ready some customers interested
  • Late stage funds
  • In revenue need money for expansion

3
Artiman Investors Entrepreneurs
U.S. Investment Team Amit Shah Yatin
Mundkur Tom Dennedy Akhil Saklecha Ajit
Singh Tim Wilson
  • Venture Investing Experience
  • Collectively managing 900M invested in 140
    seed/earlystage companies
  • 88 exits with aggregate realized return of 3.3x
  • 11 IPOs and 32 acquisitions
  • Entrepreneurial Experience
  • Co-founded 10 startups in the U.S. and India
  • 6 successful exits with aggregate value of gt 1
    Billion
  • ZeitNet, PipeLinks, Equator, Daksh, Ross,
    Kaleida, Clarity, Airgo, BioImagene
  • Operating Experience - public and private
  • Cisco, Rockwell, Siemens, AMD, ATT, Lucent,
    Cabletron, Digital Island, FireEye, Airgo,
    Clarity Wireless, Adaptive, Compaq, Qualcomm, HP
  • Technology Background
  • Played pioneering roles in seminal industries
    Server Computing, Networking, Voice over IP,
    IPTV, Digital Consumer Electronics
  • 26 US patents

India Team M. J. Aravind Ramesh Radhakrishnan
US Operations Team Ida Ng
EIR Frank Thibodeau Adam De La Zerda Mahmood
Panjwani Atul Sharan
4
Investment Strategy
  • Concept and Early Stage
  • World class entrepreneurs with ideas
  • Lower cost basis, providing significant ownership
  • Ability to impact company strategy
  • White Spaces
  • Potential to dominate markets
  • No identifiable competition, with at least a
    12-month lead on technology or market
  • Lower execution risk and outsized returns
  • Scalable Business Models
  • Develop technologies cost effectively
  • Scale the business efficiently
  • Fundamentally change economics of target sectors
  • Leverage India
  • Long-standing network and deep deal flow
  • Same disciplined screen as in Silicon Valley
  • To build companies that cannot be built in the US
    BioImagene, Guavus, Cellworks

5
Innovation
  • Best ideas have come from outside industry
  • Intersect expertise in one market with another
  • Think out of the box
  • Do NOT be a hammer in search of a nail
  • Intersection of experience, market understanding,
    ability to
  • Execute
  • Is it a business?
  • Feature, Product or Company?

6
Artiman Focus on Disruption
  • BioImagene (Acquired by Roche)
  • Changing Standard of Care in Pathology
  • Cellworks (www.cellworksgroup.com)
  • Designing drugs the way computer chips are
    designed
  • Aditazz (www.aditazz.com)
  • Designing building Facilities the way computer
    chips are designed and fabricated
  • Zspace (www.zspace.com)
  • Non-invasive testing for Cardio-vascular diseases
  • Invensense (www.invensense.com)
  • Motion Processing for consumer devices
  • Prysm (www.prysm.com)
  • First American TV company in 30 years

7
Why? O Why a startup?
  • The trigger for doing a startup
  • My boss sucks I dont like my job
  • He/she made it why cant I?
  • Always wanted to do a startup
  • Caution
  • Not sexy most likely foolhardy
  • Very, very hard work with incredible ups/downs
  • Enjoyment is in hindsight

8
Still want to do a startup?
  • Create a Business Plan
  • Not an excel spreadsheet or a word document or a
    powerpoint presentation
  • An innate and clear understanding of what you are
    going after
  • Remember
  • if it is in the press it is too late
  • Truly understand the market dynamics

9
The Money
  • Most businesses should not raise venture money
  • Do you really know why and how much money you
    need?
  • Who do you raise it from?
  • Customers, partners, friends and family, angels,
    VCs
  • Government (Darpa, SBIC,)

10
The VCs
  • They are evil dumb do not understand my
    business trying to screw me
  • - All true
  • - No different than a marriage
  • How well do you know the person?
  • - Look beyond the sexy early days and to the fat
    middle age and can you live with it?
  • - Ecosystem

11
Finally
  • Actually doing a startup
  • Phases
  • Primordial
  • Middle Ages
  • Industrial Revolution
  • Deliverance

12
Primordial
  • Concept
  • Early fools
  • Extreme Energy
  • Some lucidity

13
Middle Ages
  • Newer Skeptics converts
  • Energy / focus correlation
  • Outside thoughts
  • Confusion

14
Industrial Revolution
  • Scale
  • Technology ready for customers
  • Sales and Marketing starts ramping
  • Internal Challenges
  • Job function confusion (mix of newer v/s older
    employees)
  • Communications
  • Hallway conversations dont work
  • Processes (unfortunately) needed
  • Fallout
  • People dissatisfaction
  • Inability to scale
  • Some dont make it thru transition

15
Deliverance
  • Customer interaction starts
  • Initially Skepticism
  • Goes to piddly stuff
  • Some more selling and it becomes maybe
  • If persistence, the customer converts

16
Start-Up Check List
  • Establish business entity
  • Engage a lawyer/be cautious going solo with
    online resources
  • Corporation is the entity of choice if you plan
    to raise money for the business
  • Establish initial ownership of company with
    co-founders
  • Fed/State registration, business license and
    permits
  • Secure Key Personnel
  • As shareholders, consultants or employees

17
Start-Up Check List (cont.)
  • Secure work space
  • Clean up the garage, lease an office, come to
    Artiman
  • Open bank account
  • Obtain necessary insurance
  • Workmens comp
  • Medical
  • Liability
  • Implement Accounting System
  • Popular Quickbooks is adequate
  • Select payroll vendor (Paychex, ADP)

18
Business is Never as Planned
  • You will have to Refine your Business Plan
  • Annual Strategy Plan
  • Annual Operating Plan
  • Annual Financial Budgets

19
Artiman Tool Kit
  • www.artiman.com/startup-toolkit
  • Templates and sample documents covering
  • Annual Operating Plans
  • Board Meetings
  • Financial
  • Human Resource
  • Legal

20
Artiman Tool Kit Index
Artiman Tool Kit Index Artiman Tool Kit Index Artiman Tool Kit Index Artiman Tool Kit Index Artiman Tool Kit Index Artiman Tool Kit Index Artiman Tool Kit Index Artiman Tool Kit Index
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