Masterclass: Equity Crowd Funding and Venture Capital

Transcription

1 Masterclass: Equity Crowd Funding and Venture Capital The myth, the reality and which is right for YOUR Business November, 2014 Technology Park Malaysia, Bukit Jalil, Kuala Lumpur Presented Exclusively by The Eurasia Consortium Malaysia Featuring: Mr Kieran Garvey (Business Development Manager at Crowdcube UK) Mr Kelvin Au (Managing Director at Metail and formerly venture investor at DFJ Esprit) Program designed and presented by The Eurasia Consortium Malaysia, a division of The Eurasia Consortium in conjunction with Technology Park Malaysia and supported by Pembangunan Sumber Manusia Berhad (PSMB) For more information: or

2 PROGRAM OVERVIEW The Jumpstart Our Business Startup, or the JOBS Act of 2012 in the US has made it possible for companies to raise up to $1 million through online crowdfunding / sourcing platforms. Subsequently equity crowdfunding has become popular for those businesses that are seeking to secure smaller often start-up amounts of capital. Some observers claim that the revolution in equity crowdfunding may displace more traditional capital providers like Venture Capitalists. Conversely there is another school of thought that believes both can co-exist in the funding eco-system. In truth both have value and may address different sectors of the market and bring something different to the table. The advent and relative growth of crowdfunding platforms such as Crowdcube, Kickstarter and Indiegogo give start-up founders a unique opportunity to sell their idea direct to the consuming public. In the past the task of securing investment could be notoriously perplexing with high levels of risk and was, at times, extremely sluggish. The advent of crowdfunding has seen the progressive elimination of the gatekeepers and made raising funds quicker and more equitable. While crowdfunding is a great way to get through the first run of your product, or prove to other investors that people are interested in what you are doing, it s not the best option for long-term funding. A successful crowdfunding campaign helps prove to VCs, angel investors and banks that there is a demand for a product in a marketplace, removing some of the risk from the equation. But VCs still have their place and there is much more they can bring to the table. Venture Capitalists give entrepreneurs more than just money. Many of them understand how to build start-ups more so than the typical investor providing funding through an online portal. Many VCs can provide introductions to potential suppliers and customers and give assistance rounding out a management team. Many VCs have connections to companies that can acquire start-ups and ties to the investment bankers that take them public. Those connections are worth something to many entrepreneurs seeking to exit from investments in their own new companies. Equity Crowd Funding and Venture Capital: The myth, the reality and which is right for YOUR Business is a two day master-class held at Technology Park Malaysia (TPM) featuring two very successful players in the field of Crowdfunding and Venture Capital. The master-class is designed to help you better understand alternative and traditional means of raising finance and which model is right for YOUR business. Equity Crowd Funding Venture Capital Equity Crowd Funding and Venture Capital l Page 1

3 PROGRAM AIMS AND GOALS By attending this program, delegates will learn: Better understand how equity based crowdfunding platforms work and how they differ from more traditional sources of finance Understand better what are the pros and cons of this type of financing Learn how to create a successful funding pitch Discover how crowdfunding is an excellent way to market your business or business start up What are the industry trends in UK Crowdfunding, Private Equity and Venture Capital Understand the five investment criteria that VCs have in mind when looking at your business How to make successful funding rounds TARGET GROUP Entrepreneurs, technopreneurs, business leaders, financiers including VCs and, crowdfunders and angel investors and those considering funding their own business. In 2011 Crowdcube became the world s first equity crowdfunding platform Equity Crowd Funding and Venture Capital l Page 2

4 MASTERCLASS HOST Dr Stuart Kewley Dr Stuart Kewley MSsc (QUB), MPhil and Phd (Cantab)is the Chairman and Cofounder of The Eurasia Consortium. Since co-founding Eurasia in 2009, Stuart has grown the business from one UK based firm to four limited companies around the world. In 2011, he diversified the business into technology transfer (in conjunction with Oxford University s Isis Innovation) and developed an investment profile. In 2011, The Isis-Eurasia partnership won a million euro contract with Russian Federal and Regional government agencies to help with the commercialization of Russian technology. On its technology related projects Eurasia currently works with Isis Enterprise, Cambridge Enterprise and the Technology Partnership (Cambridge). In 2012, Stuart took the Eurasia Consortium into Middle East and opened its South East Asian regional hub office in Kuala Lumpur; The Eurasia Consortium Malaysia (TECM). In 2012, Stuart was instrumental in securing for TECM projects from the Human Resource Development Fund (HRDF) of Malaysia and, in conjunction with Isis, winning a significant technology related contract in the LED SSL sector from the government agency the SME Corp. He further developed a key Private Equity dimension to the organisation and works with crowdfunding platforms, VC houses, Angel investors and well as government investment funds. Stuart is passionate about growth acceleration for businesses of all sizes and devising both successful and sustainable market penetration strategies in often challenging emergent markets. In 2013, Stuart reworked Eurasia s China strategy and led Eurasia s re-entry into the Chinese market. In the same year he doubled the consortium s turn over. In 2014 The Eurasia Consortium is a member of The British Private Equity and Venture Capital Association (BVCA) Equity Crowd Funding and Venture Capital l Page 3

5 MR KIERAN GARVEY: DAY ONE The Alternative Finance Market and how to raise equity Crowdfunding Session outcomes will include: Why the UK alternative finance market is so liquid and is expected to grow to 1.6 billion in 2014 Better understand how equity based crowdfunding platforms work and how they differ from more traditional sources of finance Understand better what are the pros and cons of this type of financing Learn how to create a successful funding pitch In 2014, it is estimated that 1.6 billion will be raised in the UK alone by equity crowdfunding MR KELVIN AU: DAY TWO Venture Capital for High Tech or High Growth Companies Session outcomes will include: The Global VC Market in 2014 What VCs bring to the table Why VCs love technology companies Understand better why VCs will and won t invest in your start up - DFJ and the angry bird story Understand the five investment criteria that VCs have in mind when looking at your business Moving beyond Venture Capital DFJ Esprit s 2013 deal-flow marked it out as one of Europe s most active venture capital investors, as it completed one deal every two weeks across the continent. Pace continues in 2014 with Kana exit to Verint in a $514m deal and $110m ( 69m) IPO of Horizon Discovery April 2014 Equity Crowd Funding and Venture Capital l Page 4

6 SPEAKERS BIOGRAPHIES Mr Kieran Garvey Kieran is the business development manager for Crowdcube the world s first and leading equity crowdfunding platform. Crowdcube now also offers mini-bonds for larger, growing and more established businesses, enabling them to borrow from their customers and supporters. He is responsible for sourcing entrepreneurs seeking finance and building strategic partnerships within the start-up and SME community. 75, investors 37 days 900 Food & Drink I got the finance, but just as importantly, I now have a group of investors who are evangelists for my brand as wel. Prior to this, he worked with the UK Crowdfunding Association managing the operations and membership base - growing it by over 300% in 9 months. He was also the Parliamentary Crowdfunding Advisor for the office of MP Barry Sheerman and helped establish the All Party Political Group on Crowdfunding and Non-Bank Finance. He was also a founding member of the Social Finance Commission focussing on the intersection of crowdfunding, social enterprise and impact investing. Kieran also worked with TrillionFund which is a leading renewable energy crowdfunding platform. In , Kieran established Bloom Microventures in Vietnam combining microfinance and responsible tourism. He also co-founded the charity, The Student Initiative, which provides top performing students with research and internship opportunities at social enterprises and microfinance institutions around the world. Kieran holds a BSc. in International Relations from the London School of Economics. At the LSE, he co-created the Master s course unit, Business Model Innovation aimed at the Base of the Pyramid. He also holds an MSc. in Environmental Technology from Imperial College London. Mr Kelvin Au DFJ Esprit were one of the early investors in LOVEFiLM. They have helped shape our strategy and been of great support to the management team throughout. We would not be one of Europe s leading entertainment services without them. Kelvin is the Managing Director of Metail, a revolutionary holistic provider of garment and body fit visualisation technology, As Managing Director, Kelvin is responsible for running the Asian operations including business strategy, sales and partnerships, product development and fundraising. He is also involved in group strategy having served on the board since Prior to joining Metail, Kelvin was a venture investor at DFJ Esprit, one of Europe s largest technology VC funds focusing on e-commerce, software and mobile. Prior to that, he worked at Credit Suisse and HSBC where he provided M&A and financing advice to technology companies globally, and at IBM focusing on commercial and product development activities of their proprietary Java platform. Kelvin holds a first class Master s degree in Computer Science from Imperial College London. Equity Crowd Funding and Venture Capital l Page 5

7 CERTIFICATION BY The Eurasia Consortium Malaysia and Technology Park Malaysia LOCATION & DATE Technology Park Malaysia November 2014 (2 Days) PARTICIPANT S FEE Corporate Companies / Government Agencies: RM 2,000.00/Pax Startup Companies/ Companies under Technology Park Malaysia: RM 1,000.00/Pax Students: RM /Pax Include all learning materials, handouts, buffet lunch and refreshment each day of the program. TESTIMONIALS Here is just some of the feedback that we have received from past programs we have run: It was a very good session today, we learned some modules especially the right commercialization modules on how we actually commercialize nanotechnology applications into downstream markets. So today s session gives us exposure to evaluate companies and new technologies. It was a great job for TECM. Razwan Zakaria, Associate Vice President, NanoMalaysia Excellent program with great speakers. I learnt a lot and will apply what this directly to my business. SME Owner Singapore I can sum up this program in one word - inspirational. Executive UBS The program exceeded expectations, we were given the general systemic idea about the main aspects of development of high-tech start-ups and existing small companies. Russian Technopreneur The nano-bio program held at TPM and run by TECM was excellent. What was most fascinating was the business simulations that gave us first hand experience in fund raising for high growth start ups. Participant from MARA Equity Crowd Funding and Venture Capital l Page 6

8 This brochure is protected by copyright The republication, reproduction or commercial use of any substantial part of the brochure in any manner whatsoever, including electronically, without the prior written permission of The Eurasia Consortium Malaysia (TECM) is strictly prohibited. Program designed and presented by The Eurasia Consortium Malaysia, a division of The Eurasia Consortium The Eurasia Consortium Malaysia Office 9, Level 2, Resource Center, Technology Park Malaysia, Bukit Jalil, Kuala Lumpur, Malaysia Phone : / lydia@tecm.com.my or info@tecm.com.my Equity Crowd Funding and Venture Capital l Page 7