.. .F . Orange Cou nty :r: Board of Coun ty Commissioners FIRESPRI - PowerPoint PPT Presentation

o n~ D Brtdqrng tht. f undtr'g Gap from lr novdt on o Growth .. ·.F .·· Orange Cou nty ·:r: Board of Coun ty Commissioners FIRESPRI NG FUND Mi1ckenz1e Execllt l veOue cto r AiJt14125.291S ---- To build Orange County 's technology and creative community by investing in promising companies . Prov1dt> seed cap •tal to early stage technology compan1e~ t11at demonstra te Slyn1f1cant Q1owth potent1al wtth a brodd 1each of custorne15 Htgh growth h•ghtv scalable cornpan1e-:. To increase access to capital for those promising companies and create a diverse technology ecosystem that reflects our community Level the ptay1ng neld by prov1d1ng access to Cdpltat tor all member~ at our commun1ty 'f Brand Orange County as the center in the southeast for i nnovation and create an ecosystem for entrepreneurs , technologists and the creative class. Invest m a portfofro of companres that wrlf create J Obs and weal t1 1 -- -- -- Build and strengthen the local angel and venture caprlal mvestment network Attract entrepreneu rs and caprtat from outsrde the regron f

suc:c~sfut ~ol1nw- .. FireSpring is a · ·pay~it-forward" Proven ~ustarnab!e model strategy where investments Entrepreneur fnendly onto tech startups will be nvestment returned to FireSpring Fund Corwertrbte note • Equrty upon follow-on and then reinvested in the next rnvestment generation. )n 'nvP.stment Economrc 'moact ..... Continuous investment in new technologies and companies . "F 1 x Relurn y,.er ~years 000 IJ•reCI JObs ceated -- --- Evergreen seed funds are a community $241M Economrc benefit investment. $8lM roHow on•nvestmerl!S Orstncts havf> opportunrtv to They have provided devel ompanres substantial economic Oranqe County will have a sPat on the Board of Orrec t. ·s growth in their communities. lntelltrves to keep comoan·e~ here and grow here f FireSpring Fund US f:. ,A gr <1nt and matct-> ,ng funds orovrde" adm1n•strat•ve supoort tt" (StarterCorps) was arse the fund 2 yearsi established April 2015 Kockoff fllndl3•srng tnr tile 1 und july 1015 $500k US EOA grant $1M byenrj of 2015 + matching funds from community partners Invest rn l1rst group of startqls January 2016/ w•t'"~ accell:'r ~or Objective: raise. deploy , $600k• commrtted : llr )uqr supporters EDA U• F Rollrns VC manage $5M NFP & Anqel groups EO( r:ily ot evergreen fund over 2 l1lando and •norp years f

~1~ u~ [d:lup~ l.l~ ~· • . ' uy n110•ven •nt OfTun..,n•ty oanners to prov•de H1e •dat. :n ·or 'he tuna f, l)r J! oartnt> Ship w1th r iedJt:'IS $100,000 1\il ::: !l'llfWeSI in 2015 to help fund noq,r 11 q Jan first round of Starters in early 2016 .jf'V ;~ lvF•- 1 J11ty f 8 lliQinq ti1c r 1 Vdt ur t dC ..] 1 1V\·n fT Backg round ·~F: . . r. Information FIRESPRING FUND D onna M u ke nz1e Executlve D ir e clor "''IIII lUilS

:~., !"at•.,.eViH<~Qf' ~an 'ro;~ ~Lardner ~ •to~> ~lhf ~ -~1 ~ -!S.lS ~ol\lf ~.tarter lrgarrzed .35 NFF• 1\llorney Jonathan l<rlman. Foley PA ~Plan•e Ft"fnandpz Executrve Drrector Ff'rnandez 8. Rney Donna Mackenzre www f rresprrngfundqrg Board of Prrectors donnarrutrresprrngfund oro Or Thomas 0 NP'll A~&fXtal» '07-399-5137 Vrcp PrPsidPnl vf RPsl'-arch & Commerc•ar,zatron. UCF K11 c;top Chadw·r~ CEO NBIA Matchrng Fund Partners Grpgg PoUark Foundt'r. StartPr ,ryofOr!ando Studio. CodPSchool. Envy IJnivPr<;rtyof(f'ntralFlorrda Lah!' Rollrn.:.Collt=;gl' Donna MackPnzrP ExP<utrvP Studr l Drrector Fr•t:-S.orri"Q Fund CJats Roll•n" Col.lPQt' (f'nterfor Advancf'd -:-ss. Fe(l'l<~ntl~l &.RriE'V Entrepreneur<;htp 1\ttorfl{'y Davrd M•t•.hpll Mochaf'l O'Donnell. E:w.e-cutrv" Jones LanQ La5aiiP DrrE'ctor Floroda Anqt>l NP:o:us (,roup LM3 Ri·kWasc;t'l ommunrtv .rowd fundor1q lOrlando.'Fionda Hoso•t:;~l f 10 · •• • . jumps tart Innovation Works Cleveland. Ohro P•ttsburgh Prnnsylvanra Founded 2005 .rnded 199q ---·- ---- ---- ---- 50 Acl•vP Companrec;, Actrvl? Comoan•es 14 Ex1!5 i £x•ts 4 000+ robs ·~re;:lfert "- 0 n~ JObS ·reated Average rnvestment $41 lk. AveraQP rnvestf'lent $340k Follow on mvestrn!'nt Jllow on rnvestment $1 58 approachrng $18 'Y :H' "" "l p oh )toll) -.• "I ( lu• .. !• OY!" ... ~ f' H ·I""(' }1 )II<' I (.f •. 't;>Mo ,, . ,,.I.IITo:)oKII <n ·m• "'~ , f l,.1:lq r·q •f t J: Jr d ro 17aL' F - rorT " 1CNdt10r1 o r,owt• ---- -- ---- --- S amp les of ·::·:F S upport ·.· ·:r: Le tt ers from Tech FlRESPRING FUND Co mmunit y D on n. Mackenz ie Ex ecuttve Dire ctor -- 12

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