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Start at the End - Your Exit Strategy - Part 2
Highlights of Start at the End - Your Exit Strategy - Part 2:
- Do you even need investors to make it big today?
- Why this is a golden era for entrepreneurs.
- The Club Penguin example - it's never been easier for entrepreneurs to make a lot of money - quickly.
- Back in the 1980s almost every company cost $tens of millions to build.
- That need gave rise to the enormous, traditional Venture Capital fund industry.
- Why "mashups" and open source are the epitome of what's changed in the 2000s.
- The whole game for entrepreneurs has changed - very valuable companies are being built for $tens of thousands.
- Why your first choice should be to bootstrap if you possibly can.
- If you really do need capital, what are your options? A Venture Capital fund? Angel investors?
- Definitions of traditional Venture Capital. Why the term doesn't really make sense anymore.
- The classic view of the venture capital industry and what it looks like today - things have changed a lot.
- The new phenomena of angel funds. Mike Volker's WUTIF fund for example. Seed and startup funds.
- Angel group syndication - angel groups are now investing as much as $5 to 10 million in some companies.
- The unique BC VCC funds: Discovery Capital, BC Advantage Funds and Pender Funds.
- Angels finance 27 times more startups than traditional Venture Capital funds.
- Surprising new data on how the financial ecosystem supports entrepreneurs.
- Angel investors invest about the same amount as traditional Venture Capital funds - about $20 billion in the US.
- Friends and Family investors invest much more than angels or VC funds.
- There is no shortage of capital today - despite what you might have heard.
Part 3 of this video is online here.
Many of these lessons are described in my new book on exit strategies for entrepreneurs and angel investors - www.Early-Exits.com.
Part 3 of this video is online here.
