Angels in HK

Transcript

1. Angels in HK? Presentation to HKVCA
2. There are no laws of nature to support these ideas; use them at your own risk. DISCLAIMER
3. Agenda Why Angel Investment Why Hong Kong How to Get Started Good Deal Flow Post Investment
4. Why Angel Investment
5. Why Angel Investment It ain’t boring
6. Why Angel Investment Studies of long term average returns: 18-38% per annum
7. Why Angel Investment Startups 2013 vs. 1999 50x cheaper 3x faster to market 10x bigger markets
8. Why Hong Kong
9. Business: Hong Kong is truly OPEN for business Why Hong Kong
10. Global: Cross-border and global mindset Why Hong Kong
11. Why Hong Kong Technology: Intersection of the real world and technology
12. Getting Started
13. Getting Started Time is more important than money
14. Getting Started Due diligence and diversification are key
15. Angel investment vs. fund investment Getting Started
16. Good Deal Flow
17. Quality first, but need quantity to find quality Good Deal Flow
18. Structural shift from opaque and closed to transparent and open Good Deal Flow
19. People, people, people Good Deal Flow
20. Investment Terms
21. Angel is different from venture capital and private equity Investment Terms
22. The honeymoon is a preview of the marriage Investment Terms
23. Make term sheets as simple as possible but not simpler Investment Terms
24. Post Investment
25. The dip hits every company and it ain’t fun Post Investment
26. Maximum support at inflection points Post Investment
27. Sometimes best to simply get out of the way Post Investment
28. “Opportunity is missed by most people because it is dressed in overalls and looks like work.” - Thomas Edison tytusm@frescoca.com