Raising Capital in 1997

Document Sample
Raising Capital in 1997 Powered By Docstoc
					      Flatiron Partners
          Presentation to MIT

               Spring 2001

                Bob Greene
          Managing General Partner
              Flatiron Partners
257 Park Avenue South, 15th Floor, NYC 10010

 Who is Flatiron Partners
 Investment Philosophy
 Flatiron Portfolio
 How we work with Companies
 The Market Today
What Is Flatiron Partners?
 One of the leading technology venture
  capital firms in New York
 Founded in August 1996
 Focused on early and mid-stage,
  information technology companies
 Investment range $1 to $50 million
What Is Flatiron Partners?
 1996 fund capitalized at $150 million with
  two investors: JP Morgan Partners (JPMP)
  and SOFTBANK Technology Ventures
 Current fund capitalized at $500 million
  with JPMP as sole active LP
Our Partner:
  A global private equity organization with
  approximately $24 billion under management
  whose sole limited partner is The JP Morgan
  Chase Corporation.
  Since 1984, has closed more than 1,500
  individual transactions.
  One of the largest most active private equity
  groups in the world.
Flatiron Partners – the People
 Ten Investment professionals

 Diverse backgrounds

 Decades of VC, technology, Internet and
  media experience
Our Philosophy
 Invest in services, infrastructure/technology and
 Domestic, International
 Pervasive Computing

 Generally, invest at an early stage
 As often as possible, invest locally
 Work closely with management
 Use the strengths of partner: JPMP
Transactions - Content
 Geocities
 Starmedia Network
 TheStreet.com
 Gamesville.com
 Onlinepartners - gay.com
 Powerful Media – [Inside.com]
 Urban Box Office (UBO)
 The Industry Standard
 The New York Times Digital
Transactions – Services
 Multex.com
 iXL Enterprises
 Mainspring
 Comscore
 Acurian
 Electron Economy
 Return Path
 Resonate
 Ibiquity
 Reciprocal
 Portal Player
 AppGenesis
 Eshare Technologies
Transactions – International
 Starmedia Network
 Sina.com
 sportsya
 Patagon
 Submarino
 Mercado Libra
 Viajo
Transactions–Pervasive Computing
 Vindigo
 Fusion One
 Vertical One
 Quixi
 Kozmo
 Kinkos.com
What do Venture Capitalists
  actually do ….? ? ?
The Venture Capitalist’s Role
 … according to Flatiron

 We buy a part of the Company

 We are Owners

 We are on the Board of Directors
The Venture Capitalist’s Role
 … according to Flatiron

 We become Partners with the founders and
 We think like Owners

 We help with …Strategy, Recruiting,
 Raising money, Opening doors, High level
 sales intros, Going public, Merging, etc
An Analogy – A VC is a Producer
 A VC is like a Movie Producer

 We help find money, people, bankers,
 clients, the Board, etc.

 To Management, we are …friend, foe,
 shrink, cheerleader, teacher, idiot, partner.
The Market Today…
The Market Today
 To many questionable ideas funded the last
  few years
 Portfolio Triage

 Support or Euthanasia
The Market Today
 Hard to put together financings

 Investors focused on their portfolios

 Valuations down – a buyers market
 Invest more slowly

 Spend less & grow within your means

 Conditions and psychology start to improve
  later this year

Shared By: