Jorge Mata - Serial Fund Raiser and EntrepreneurMr. Mata provided a practical and realistic review of the curren
t money raising eco system, defining specific requirements for successfully funding ventures and detailing the pitfalls of getting into bed with new partners. The following is a brief review of this professionals key points made during the second installment of Enrique Dans IE Tech Start Up class:
-Give away 30% of the company in angel round
-Try to control at least 60% of the company
-Valuation has to double or triple but pre-money valuation has to be on target to get the founder a strong a worthwhile exit
-Don't invest your own money
-Investable companies: Scalable / strong management team / real commitment / disruptive / process driven is more exciting than another platform....updating 19th century processes for the 21st century
-"Grow them, make them big...and then do something else."
-"Money is green everywhere, I don't believe in the smarts of investors...its all pretty much the same."
-The recent world economic crises has led investors to think again about the benefits of investing in the unregulated world of technology startups....they like what the see! Expect an uptick in tech startup investment from angels...(ok I paraphrased:)
-"I like my lunch with wine...and I don't want a sandwich...I want at least two plates." Yes...by far my favorite quote of the day.
-"The web is a lot of know how and a lot tools. But they are mot connected."
-Selling a company is like opening a watermelon....if you open to early its tastless, too late and its worth nothing as well.
-Its little to do with the technology, its how well you solve the problem.
....Thats all folks ;)
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