VC Chile by mpp15079

VIEWS: 27 PAGES: 8

									ANGEL INVESTMENT
   INDUSTRY
                           Venture Capital Market: Total Invested

                                     Evolution of funds invested on formal Venture Capital
                                   according to the type of funding (thousands of millions of
                                                         Chilean pesos)

                           $ 160,00
                           $ 140,00
                           $ 120,00
          Total Invested




                                                                                                Seed
                           $ 100,00
                                                                                                Early VC
                            $ 80,00
                                                                                                Expansion
                            $ 60,00
                                                                                                Consolidation
                            $ 40,00
                            $ 20,00
                              $-
                                       2001   2002    2003   2004    2005   2006    2007
                                                             Year


Source: CAPITAL DE RIESGO CHILE 2008, Patricio Cortés
D. and Germán Echecopar K., 2008
                       Venture Capital Market: Flows

             Evolution of funds invested in formal Venture Capital according
             to the type of funding (thousands of millions of Chilean pesos)


          $ 50,00
          $ 40,00
          $ 30,00                                                           Seed
 Flows




          $ 20,00                                                           Early VC
          $ 10,00                                                           Expansion
            $-                                                              Consolidation
         -$ 10,00   2001     2002        2003          2004   2005   2006
         -$ 20,00
                                                Year


Source: CAPITAL DE RIESGO CHILE 2008, Patricio Cortés
D. and Germán Echecopar K., 2008
                  National and Regional Equity Gaps




Source: GEM Adult Population Survey




This gap is filled, in principle, by business angels
                              Investment Funds
                        Total of Assets administered
                        (Millions of dollars per year)




Source: ACAFI, 2009 (www.acafi.cl)
                Formal Venture Capital (% GDP)
                   (Thousand million dollars)


                                USA            UK             UN          Chile

          GDP                 13.840          2.773         16.830        231

    Venture Capital              30            3,2            12          0,13

      VC/GDP (%)                0,22          0,12           0,07         0,06




Source: NVCA, EVCA, BVCA, GEM Financiero Chile 2007, CIA World Factbook
   Government Involvement

• No tax incentives
•$5.292 million chilean pesos: seed capital
(CORFO).
•$1.130 million chilean pesos: corporative
spin offs
        Southern Angels
• The  first business angel in Chile (2004)
• 95 angel investors (members)
• We have organized 20 venture forums (89
projects)
• 185 projects evaluated at Investors
Committee.
• 15 invested companies (USD 5.000.000
total)

								
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