Equity Crowdfunding Changing the world of innovation finance Dan Be - - PowerPoint PPT Presentation

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Equity Crowdfunding Changing the world of innovation finance Dan Be - - PowerPoint PPT Presentation

Nov 21, 2022 884 likes •1.26k views

Equity Crowdfunding Changing the world of innovation finance Dan Be nne tt Ma na g ing Dire c to r Ashley Krongold General Partner F OSS se ssio n, Ja nua ry 2015 October 2015 1. Global VC over Equity Crowdfunding Equity Crowdfunding

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Equity Crowdfunding

Changing the world of innovation finance

Dan Be nne tt – Ma na g ing Dire c to r F OSS se ssio n, Ja nua ry 2015

Ashley Krongold – General Partner October 2015

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Equity Crowdfunding

Changing the world of innovation finance

Dan Be nne tt – Ma na g ing Dire c to r F OSS se ssio n, Ja nua ry 2015

  • 1. Global VC over Equity Crowdfunding
  • 2. Who we are and our approach to investment
  • 3. OurCrowd’s Portfolio Snapshot
  • 4. The Opportunity
  • 5. OurCrowd Team
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  • Massolution: Crowdfunding portals raise

$5.1 billion in 2013 – nearly double the amount raised in 2011.

  • Over $16 billion in 2014 raised!!!
  • The World Bank estimate places global

crowdfunding at $95B by 2025

  • Consumer Lending
  • Rewards-based
  • Donations
  • Venture Capital

3

Market Disruption: Crowdsourcing in Finance

Source: Deloitte TMT Predictions 2013 “Let's get together: crowdfunding portals bring in the bucks” Source: World Bank “Crowdfunding’s Potential for the Developing World” Source: Massolution Crowdfunding Industry Overview 2013

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4

T he re c e nt ac q uisitio n o f Oc ulus raise s q ue stio ns

Reward-based crowdfunding: Where is the Reward?

Now investors are asking why do I

  • nly get a tshirt?

Andreesen, Spark, Matrix Partners back Oculus Rift (virtual reality headset) with $75M Series B, then Facebook acquires the company for $2B

December 2013 … March 2014 After raising $2.4M from Kickstarter, Oculus Rift gets the attention of major investors

Naturally, this plays into the rise of equity crowdfunding platforms

Pays $2B for company and Original crowd funders get nothing

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5

Our Story of Consumer Physics (SCiO) – multiple CF uses

Miniaturized spectrometer, allowing for the first hand-held molecular sensor. Applications: measuring nutritional information in foods, allergens, authenticating precious metals and leathers, etc.

https://www.kickstarter.com/projects/903107259/scio- your-sixth-sense-a-pocket-molecular-sensor-fo

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The Story of Consumer Physics (SCiO)

Khosla Ventures

Co-founder, Sun Microsystems GP, Kleiner Perkins

Dov Moran

M-Systems, acquired by SanDisk for ~$1.5B

Menahem Kaplan

Global CTO, Alcatel-Lucent $5B

  • ptical business

Co-investors:

Crowdfunded seed round on OurCrowd - $375k raised | 2013

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The Story of Consumer Physics (SCiO)

Crowdfunded seed round - $375k raised | 2013

Launched consumer product on Kickstarter in 2014 Product launch - $2.8M in preorders

Product launch on Kickstarter at $200 price point saw

  • ver $1.2M in pre-orders within a week.

Rave reviews in media: VentureBeat, CNN, Bloomberg, Forbes, BBC, Fox, Gizmag, TechCrunch

Opened follow-on via OurCrowd – raised $3.3M within two weeks

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Equity Crowdfunding

Changing the world of innovation finance

Dan Be nne tt – Ma na g ing Dire c to r F OSS se ssio n, Ja nua ry 2015

  • 1. Global VC / ECF Platform – over half investments in Israel, why?
  • 2. Who we are and our approach to investment
  • 3. OurCrowd’s Portfolio Snapshot
  • 4. The opportunity
  • 5. OurCrowd Team
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SLIDE 9

$220M+

invested

10,000+

members

80+

Companies in portfolio

120+

countries

33

Up-rounds

Co-investors

Failures

The largest ECF platform in the world!

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  • Glo b a l le a de r in e q uity c ro wdfunding
  • Almo st $220M ra ise d fo r pla tfo rm a nd po rtfo lio
  • Ra ise d $175M fo r o ve r 70 c o mpa nie s
  • 30+ c o mpa nie s with o ve r $1m ra ise d, te n o ve r $3m, se ve n a t o r

g re a te r tha n $4m, two a t $8m a nd o ne o ve r $10m

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OurCrowd - Who are we?

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3000+ companies per year Open the deals to the crowd

Researching and selecting only the best

OurCrowd invests its own money A hybrid of venture capital and crowdfunding

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“Crowdfunding for real investors” (TheStreet.com)

  • Curre ntly Se le c ting 1-2% o f the de a ls pitc he d (c irc a 350 a mo nth)
  • We a lwa ys Co- inve st with c ro wd (up to 10% o f ro und)
  • Sophistic ate d a nd se le c te d inve sto rs o nly
  • We me nto r o ur c o mpa nie s a nd ta ke b o a rd se a ts
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We offer the professionalism of VC and flexibility of Angel investing

Venture Capital Angel OurCrowd Access to Deal flow Top deal flow Limited Top deal flow Due diligence Professional Limited Professional Legal Dealt with Need to deal with Dealt with Rights Protected Common shares Protected Commitment Large No No Fees Heavy No Lower than VC Discretion/Choice No Yes Yes

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Selection of OurCrowd companies

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Key Investment Criteria

Great Team Addressable Market Simple Value Proposition Value Sponsorship Traction

  • 1. Great team
  • Smart and/or serial

entrepreneurs

  • 2. Market: Address a huge

market

  • Large opportunities
  • 3. A simple value proposition.
  • Easily understood by us

AND by “our crowd”.

  • 4. Traction
  • Round A: Early

product, users, customers & revenues

  • 5. Sponsorship:
  • Board, mentor, advise,

smart investors

  • 6. We seek “deals” and are value-sensitive.
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Diversification across stage

Seed round Idea phase Series C-D Rounds POC, sales & revenue Series A-B Rounds R&D, early sales

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Cleantech 5% Cloud/Storage 3% Communications 5% Consumer 6% E-Commerce 7% Gaming 4% IT Security / Fintech 9% Internet 12% Medtech Health 15% Mobile 11% Other 5% Optics/Semis 2% Social Media 8% Software 8%

Diversification across sectors

17

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18

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19

$10.000

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Equity Crowdfunding

Changing the world of innovation finance

Dan Be nne tt – Ma na g ing Dire c to r F OSS se ssio n, Ja nua ry 2015

  • 1. Global VC / ECF Platform – over half investments in Israel, why?
  • 2. Who we are and our approach to investment
  • 3. OurCrowd’s Portfolio Snapshot
  • 4. The opportunity
  • 5. OurCrowd Team
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SLIDE 21

Exoskeleton device Advanced robotics allowing paraplegics to stand, walk & climb stairs.

Best performing IPO on NASDAQ 2014

https://www.youtube.com/watch?v=2Xd27c-pz4Y

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New Zealand Feeding the world

Mo b ile a pp tha t e na b le s fa rme rs to c o ntro l wa te r use .

Cr

  • pX– the wor

ld’s most affor dable wate r

Isra e l re c yc le s 75% o f its wa te r, # 1 in the wo rld . By c o mpa riso n, # 2, Spa in, re c yc le s just 11% o f its wa te r. “Isra e l sho uld b e pro ud o f b e ing a t the fo re fro nt o f g re e n inno va tio ns” – Ange l Gur

r ia, OE CD Chair

NZ / Israeli water tech impact

22

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23

Wireless Electricity

  • CEO Meredith Perry: Forbes’s ‘30

Under 30: Energy’ list and Fast Company’s ‘100 Most Creative People in Business’

  • Energy from a wall outlet and uses

ultrasound to project a focused beam of invisible energy

  • 25+ patents, $7-10 billion market,

e.g. hotels, airlines and malls

CO-INVESTORS:

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Global Kinetics – Medical Care

  • T

e c hno lo g y fo r mo ve me nt diso rde r (e .g . Pa rkinso ns)

  • Ac c e le ro me te r / a lg o rithms
  • ptimise de live ry o f me dic a tio n
  • Use d in 130+ c linic s with re le va nt

re g ula to ry a ppro va ls (CE , F DA e tc )

OurCrowd has closed Australia’s largest ever equity crowdfunding round for $1.5 million” 19.05.15

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Fighting the most deadly killer: malaria

Ma la ria ha s kille d millio ns in the pa st de c a de Sig htDX’ s c o mpute r visio n te c hno lo g y re duc e s the time to dia g no se fro m se ve ra l ho urs to minute s

Israel’s interdisciplinary strengths

Sight Diagnostics represents the convergence of two key Israeli strengths: life sciences/biology and machine vision/advanced algorithms

25

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I de ntifying fra ud thro ug h mo use / ke yb o a rd/ to uc hsc re e n input mo nito ring whic h ha s 450 ide ntific a tio ns tha t yo u a re the use r

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Biometric security for the army now for civilians

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SLIDE 27

Keeping the public safe

  • Vide o syno psis so ftwa re to turn ho urs
  • f fo o ta g e into a sho rt c lip
  • Adva nc e d vide o a na lysis a lg o rithms

a llo w se a rc hing b y c olor, dir

e c tion o f motion, size o r spe e d o f obje c ts, a nd

mo re T he ability to r e vie w a day of footage in a minute !

Ca se study: Boston Ma r a thon Bombing

Pr

  • ble m: L

a w e nfo rc e me nt ha d tho usa nds o f ho urs o f fo o ta g e fro m thro ug ho ut the c ity.

Solution: Brie fCa m’ s so ftwa re a llo ws re vie w o f ho urs o f fo o ta g e

in sho rt sc e ne s displa ying a ll “a c tio ns” o n to p o f e a c h o the r.

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Hi-tech air treatment

enVerid delivers a patented air treatment system using submarines / space stations tech Saves energy (up to 40% in existing US and Israeli buildings). enVerid was recently awarded a $2.4m grant from the US Dept of Energy to accelerate market adoption.

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Putting your surgeon in the cockpit

Applying the sc ie nc e o f flig ht simula tio n to a dva nc e d CT / MRI ima g ing te c h T he o nly F DA-a ppro ve d pla ye r in its ma rke t Re duc ing sur gic al e r r

  • r

s and c osts with F

  • 16 simulator

te c hnology Sur gic al Re he ar sal Platfor m: highly diffe r e ntiate d Isr ae li militar y te c h

Surg ic a l T he a te r’ s c o re te c hno lo g ie s a re po we re d b y the milita ry te c hno lo g ie s pio ne e re d b y its fo unde rs, Mo ty Avisa ra nd Alo n Ge ri, with the me dic a l he lp o f Dr. Wa rre n Se lma n fe atur

e d on CNN he r e

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Co-investing with leading angel investors

Gigi Levy

888 Amdocs

Benny Landa

Indigo

Ajay Shah

Silverlake Sumeru Shah Capital Partners

Peter Thiel

PayPal

Li Ka-Shing

Horizon Ventures

Eric Schmidt

Google

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Co-investing with leading investor groups

T

  • p-tie r funds and institutio nal inve sto rs
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32

Co-investing with leading investor groups

T

  • p-tie r funds and institutio nal inve sto rs
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SLIDE 33

Equity Crowdfunding

Changing the world of innovation finance

Dan Be nne tt – Ma na g ing Dire c to r F OSS se ssio n, Ja nua ry 2015

  • 1. Global VC / ECF Platform – over half investments in Israel, why?
  • 2. Who we are and our approach to investment
  • 3. OurCrowd’s Portfolio Snapshot
  • 4. The opportunity
  • 5. OurCrowd Team
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SLIDE 34
  • 1. Cherry pick: accredit online and select individual companies
  • 2. Portfolio Reserve: Create a diversified portfolio.
  • 3. Corporate Partnership

You can choose to invest in three ways

You always invest alongside OurCrowd investing its OWN capital

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SLIDE 35

Equity Crowdfunding

Changing the world of innovation finance

Dan Be nne tt – Ma na g ing Dire c to r F OSS se ssio n, Ja nua ry 2015

  • 1. Global VC / ECF Platform – over half investments in Israel, why?
  • 2. Who we are and our approach to investment
  • 3. OurCrowd’s Portfolio Snapshot
  • 4. The opportunity
  • 5. OurCrowd Team
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SLIDE 36

OurCrowd’s Leadership Team

36

Elan Zivotofsky General Partner Investments

  • 15yrs experience in Israeli investing
  • Managing Partner at Prelude Israel
  • Former Head of Technology Banking, Lehman

Brothers Israel and top analyst at Goldman

Pini Lozowick General Partner

  • General Partner at Alta Berkeley
  • Among first employees at Broadcom, Dir.

Marketing

  • Founder and GM of Verisense
  • 5 exits; total value $3B

Evelyn Rubin BizDev Partner

  • Sr Associate JVP
  • Dir BizDev at CipherIT
  • Sr Editor, Seeking Alpha

Jon Medved Co-Founder & CEO

  • Washington Post: "one of Israel’s leading high tech

venture capitalists”

  • 12 exits >$100M
  • Co-founder, CEO of VRNG
  • Founder & GP Israel Seed Partners, $260M AOM

Danna H Mann Partner, Head of Investor

Rel.

  • Global Marketing, Estee Lauder
  • VP BizDev, JVP Properties
  • Kellogg-Recanati EMBA

Dan Bennett MD Australia

  • 12+ years in corporate finance and venture capital
  • Former Aust. General Counsel – Babcock & Brown

fund

  • Structuring financial products in $13B investment

house in Mayfair, London

Geoff Levy Chair of Advisory Committee

  • Extensive experience in law, banking and investing
  • Non-Executive Chairman of Monash Private Capital,

Specialty Fashion and Cromwell Property Group

  • Non-Executive Deputy Chairman of Investec Bank

(Australia) Limited

Steven Blumgart Co-Founder & Chairman

  • Co-director of Glencore's aluminum division
  • Senior executive, management committee at

Glencore 1998-2012