Prepared by Rick Timmins April, 2017 RISK

Transcript:Prepared by Rick Timmins April, 2017 RISK:
Prepared by Rick Timmins April, 2017 RISK Management Conference---AN OVERVIEW OF SEED-STAGE INVESTING Today’s Agenda My Journey from the “Corporate” World to Angel Investing Should We Invest or Should We Pass Austin –A Place for Entrepreneurial Activity Background on Seed-Stage Investing The Central Texas Angel Network (CTAN) and Making Money in this Space How Banks Might Get Involved Agenda My Journey from the “Corporate” World to Angel Investing Should We Invest or Should We Pass Austin –A Place for Entrepreneurial Activity Background on Seed-Stage Investing The Central Texas Angel Network (CTAN) and Making Money in this Space How Banks Might Get Involved My Journey— 23 Years and 12 Years!!!! 4 My Journey---Where I Got the “Bug” Started with Cisco (1995); it was very acquisitive Over 200 companies acquired while I was there (28 in 1 year!) Was on the due diligence team Interviewed many entrepreneurs Provided valuation estimates This work over four years made me appreciate entrepreneurs Got involved when I moved back to Austin in 2007 (VC partner & angel) 5 Should We invest or should We pass? Should I Invest In The Company Or Not-1 Company A—a company which licenses technology from Rice University on compression sensing with strong IP to significantly reduce the cost of infrared cameras Company B---snack foods based on kale chips sold in retail stores and online Company A is out of business after 1.5 years and Company B has a valuation >$30M and is only 5 years old with revenues approaching $20M Should I Invest In The Company Or Not-2 Company A---creates an easy way for a companies to engage, manage and monetize their brand anytime for users worldwide on any type of device Company B---A SaaS based platform to monitor and provide access for locks of remote facilities on any device, including mobile, in many locations such as cell towers or oil wells Company A now has a valuation of $220M after 7 years and Company B is out of business after 2 years Should I Invest In The Company Or Not-3 Company A---a free service/platform that helps Moms organize events and fundraising activities such as Girl Scouts and kids clubs, Church and sporting events Company B---a platform that develops simple, reliable and cost-effective patient population management and mobile health solutions in order to better manage chronic diseases as well as basic health and wellness Company A has been in business for