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Xavier Corman | Martin van Wunnik 1 20/02/2013 Xavier Corman | Martin van Wunnik 1 11/12/2013 Finance for Startups How to get funded when you have no customers, no prototype, no team... Martin van Wunnik Xavier Corman

How to get funded when you have no customers, no prototype, no team

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11/12/13: Finance for Startups presentation Together with Xavier Corman, Gilbert West and Belfius at joint Betagroup event (Brussels)

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Page 1: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 1 20/02/2013 Xavier Corman | Martin van Wunnik 1 11/12/2013

Finance for Startups

How to get funded when you

have no customers,

no prototype,

no team...

Martin van Wunnik

Xavier Corman

Page 2: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 2 20/02/2013 Xavier Corman | Martin van Wunnik 2 11/12/2013

Sponsors

Page 3: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 3 20/02/2013 Xavier Corman | Martin van Wunnik 3 11/12/2013

This presentation is available for free:

http://www.slideshare.net/XavierCorman

http://www.slideshare.net/FinanceCoach24

Page 4: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 4 20/02/2013 Xavier Corman | Martin van Wunnik 4 11/12/2013

Who we are

Martin van Wunnik

Xavier Corman

Page 5: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 5 20/02/2013 Xavier Corman | Martin van Wunnik 5 11/12/2013

Valley of « Death »

Page 6: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 6 20/02/2013 Xavier Corman | Martin van Wunnik 6 11/12/2013

http://www.ideaowl.com/blog/2011/06/microconf-2011-3-surprises-

and-learnings-from-best-conference-ever/

Page 7: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 7 20/02/2013 Xavier Corman | Martin van Wunnik 7 11/12/2013

Capital � Debt

Non Current Assets

(Actifs Immobilisés/

Vast Activa)

Equity

(Capital/Kapitaal)

LT Debts

ST Debts

Current Assets

(Actifs circulants/

Vlottend Activa)

ACTIVE PASSIVE

Page 8: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 8 20/02/2013 Xavier Corman | Martin van Wunnik 8 11/12/2013

Page 9: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 9 20/02/2013 Xavier Corman | Martin van Wunnik 9 11/12/2013

Subsidies

Impulse.Brussels (ex-ABE/BAO)

http://www.ecosubsibru.be/

Pay 100, get 50 reimbursed

3 examples:

Prototype

Strategic assistance

Promotion outside BE

Page 10: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 10 20/02/2013 Xavier Corman | Martin van Wunnik 10 11/12/2013

4 things to do with your money

Page 11: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 11 20/02/2013 Xavier Corman | Martin van Wunnik 11 11/12/2013

4 Types of Crowdfunding

Page 12: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 12 20/02/2013 Xavier Corman | Martin van Wunnik 12 11/12/2013

Relative market sizes

Page 13: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 13 20/02/2013 Xavier Corman | Martin van Wunnik 13 11/12/2013

Crowdfunding

effort of individuals

who network and pool their money

to support efforts initiated

by other people or organizations

Page 14: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 14 20/02/2013 Xavier Corman | Martin van Wunnik 14 11/12/2013

Look & Fin

- Loans only- Mature companies only

+ No company valuation+ No dilution

Page 15: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 15 20/02/2013 Xavier Corman | Martin van Wunnik 15 11/12/2013

My Micro Invest

- Equity -> Dilution- Business Angels required

+ Good track record+ Largest in Belgium

Page 16: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 16 20/02/2013 Xavier Corman | Martin van Wunnik 16 11/12/2013

Angel.me

- New platform- Activity

+ Bart Becks+ Flemish

Page 17: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 17 20/02/2013 Xavier Corman | Martin van Wunnik 17 11/12/2013

KissKissBankBank

- Competition- B2C only

+ No company valuation+ No dilution

Page 18: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 18 20/02/2013 Xavier Corman | Martin van Wunnik 18 11/12/2013

FFF

+ Quick

+ Good for small amounts

‒ Mix friends and money

‒ Less pressure

Page 19: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 19 20/02/2013 Xavier Corman | Martin van Wunnik 19 11/12/2013

Business Angels

+ Less formal

+ Could be fast

‒ Non professional

investors

‒ Manage relationship

Page 20: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 20 20/02/2013 Xavier Corman | Martin van Wunnik 20 11/12/2013

Gust

Page 21: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 21 20/02/2013 Xavier Corman | Martin van Wunnik 21 11/12/2013

Advisors

• Middle(wo)men

• Serious image

• Coordination

• Valuable advices

Page 22: How to get funded when you have no customers, no prototype, no team

Xavier Corman | Martin van Wunnik 22 20/02/2013 Xavier Corman | Martin van Wunnik 22 11/12/2013

Thank you

Free download :

http://www.slideshare.net/XavierCorman

http://www.slideshare.net/FinanceCoach24