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#GEC2017 | GEC.CO
“SEEDERS” OF LEBANON
Nicolas Rouhana national leadGeneral Manager, IM Capital / Seeders@nrouhana
#GEC2017 | GEC.CO
KSA
Iraq Iran
Egypt
Soudan
Bahrain
Syria
Algeria KuwaitJordan
UAE
Somalia
Tunisia
Yemen
Oman
Libya
Mediterranean Sea
Ocean Indian
2000 km
Geo-political context: Great home in a tough neighborhood !
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Startup Funding in Lebanon: The LeapFrog !
Pre-Acceleration Acceleration Seed Stage Series A, B, ..
(VC)Internationalization
Programs Additional Funds
Idea Stage Seed Stage Growth StageMVP & Seed Stages$30K
MatchingInvestment Stage$1-5M
TheemarTrablos
Circular 331Aug-2013
#GEC2017 | GEC.CO
MENA II: Encouraging Early-Stage Investments
Matching Capital Equity Guarantee Support Programs
Matching new private sector investments with Investment
Partners and/or qualified angel
investors to support Early-Stage
Businesses and Investments
Providing Qualified Investors with a
partial guarantee on investments in Early-Stage Businesses and
on Venture Capital
Providing a range of assistance to investors and
entrepreneurs, including trainings, angel coordination and assistance, and
mentorship programs
VC .. with a “twist”
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Some Infographics since April 2015163 Start Ups Met
17 Business Angels not Matched
Selected for IC25
11 Co- funded Companies
10Business Angels Matched
7 VCs Matched
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Let’s explore Angel Investing !
6
Existing “angels”
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Seeders MBA 2016 – Learn & EarnA One Year-long Program for “Novice” Angel Investors• Pitches every 6 weeks (from September 8, 2016 to July 6, 2017): - GBI Workshops on Investment Topic - Meet MSMEs via Investment Meetings / Pitching Sessions - Moderated Group Debrief – Voting on Investment (Majority Decides)• In Between: - Conduct Due Diligence & Negotiation (Deal-leader) - Attend Videos & Webinars on Investment Topic - Commitment• $15K Each in a Common Pool for Investing in an SPV, 50% Capital Guaranteed• $2.5K Tuition – 50% Sponsored for First MBA Batch
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Investment vehicle
MSME
50% Capital Guaranteed by
IM Capital
MSME
SPV(Lebanese HOLDING S.A.L.)
Individual Investors shareholders
$15K $15K$15K
3 – 4 investments
Average ticket size: $80K
co-investment from other funds
(IM Capital, iSME, etc)
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Info sessionJune 2016
Formal launchJuly 2016
Outreach
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And they were 26.. the “unusual suspects” !
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Seeders MBA 2016-2017 – Preliminary Results
5 investment workshops /sessions39 startups pre-pitched16 startups pitchedDue diligence with 9 startups3 term sheets proposed
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Outreach
Angels “ambassadors” promoting Seeders experience and angel investment opportunities
“Sparring with an angel” workshop
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Towards an Angel Network
13
Potential Individual Investors
MBA Angels
Angel Network (formed by “MBA Alumnis”)Deal-Leaders
SideCar angel co-investment fund (accredited)
Identification Convening & Educating
Training & technical support Co-investment
SEEDERS OF LEBANON• Starting a batch for Women Business Angels Q2
‘17 with LLWB• Create a side-car angel co-investment fund• Lobby force (tax deduction for business angels,
etc.)• Sector-based groups (Media, Mobile, Games,
Movies, Women, ICT, etc)• Attract diaspora
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Parting thoughts: Lessons learnt•Find a value proposition that works locally•Trust is key•Value-chain & eco-system is a must•Scalability is key
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#GEC2017 | GEC.CO
The Global Entrepreneurship Congress is part of theGLOBAL ENTREPRENEURSHIP NETWORK
g e n g l o b a l . o r g
