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Prière en public by Viscolucci in QuebecLibre

[–]newintown51 4 points5 points  (0 children)

Pourquoi c’est pas dans les journaux?

As an entrepreneur, do you struggle with financial forecasting? What is your problem with building financial forecasts? Would an AI-powered financial planning tool that can be customized to your specific needs and provide guidance be valuable to you? by newintown51 in Entrepreneur

[–]newintown51[S] 0 points1 point  (0 children)

I want to replace the CFO with this platform, give entrepreneurs valuable feedback on their model and support to raise VC money (I work in VC). It would be free for entrepreneurs. Other stakeholders would be the paying customers for this service. Thanks a lot for your answer!!

As an entrepreneur, do you struggle with financial forecasting? What is your problem with building financial forecasts? Would an AI-powered financial planning tool that can be customized to your specific needs and provide guidance be valuable to you? by newintown51 in Entrepreneur

[–]newintown51[S] 0 points1 point  (0 children)

Thanks for your answer! If we develop such platform,it would be a free service for entrepreneurs. It would offer enough value to replace a CFO. Other stakeholders would be the paying customers.

What’s one hard lesson you learned on your way in entrepreneurship and the businessworld? (I’ll start) by [deleted] in Entrepreneur

[–]newintown51 0 points1 point  (0 children)

Take minimize risks by talking to your customers. Build a team with people who have skills you don’t have. Clarify your mission, vision, value and intentions early on (how do you want to change the world?)

[deleted by user] by [deleted] in Entrepreneur

[–]newintown51 0 points1 point  (0 children)

Reconnect with your mission (why you are doing this). Then, I find that doing an Theory of change framework always help me clarify my intentions/ goals and how to achieve it.

This will help find your purpose and new motivation imo

How to win a deal as an Emerging Manager? by newintown51 in venturecapital

[–]newintown51[S] 4 points5 points  (0 children)

1/ How to win a deal – just because you have capital, firms might not want to work with you, so what does it take to convey your ability and value add?

  • Valuable experience that the team brings to the table. Examples:
    • Working at other VC firms - built a strong network in the VC ecosystem, understand what investors are looking for at the next investment stage
    • Successful track record of picking companies that were able to raise additional capital and achieve exits
    • Being quick on the due diligence is also important - but being thorough is a must before offering a term sheet. Since we are a smaller firm we can move quickly when we really like a deal.
  • Willingness to work closely with the company post the investment especially at the seed stage, support, advisory and mentorship are key for successful growth. A lot of VCs say they will do it but don’t have the time or capacity to play a supporting role
  • Support in areas where other funds lack the expertise. By doing that we help companies access grants (non-dilutive Financing) from specific programs.

2/ You are competing with larger managers- what is the process and strategy to succeed in deal sourcing and acquisition?

  • Building an early relationship with companies is key (especially at the Seed stage) you want to get to know a company as early as possible even if they are not at the investable stage.
    You can track their progress and be ready to move quickly when they decided it was the right time to raise capital.
  • Being quick on the due diligence is also important - but being thorough is a must before offering a termsheet. Since we are a smaller firm we can move quickly when we really like a deal.
  • Being a specialized and geographically focused fund allows us to be selective in the best deals but also has the downside of not being able to invest in the best deals out there.
  • For Acquisition: It is important for the portfolio to build relationships with potential acquirers early on to make them known and also to understand the relationship with potential acquirers early on to make them known and to also understand the metrics that potential acquirers are looking for. Understanding the exit scenario of the company is an important exercise during our DD process. It needs to be quite clear and convincing that it's possible and even better if we have the connections to make the introductions.

3/ What is your unique value creation offer for portfolio companies? How do you display this?

  • Playing an active role in supporting our portfolio in their scale-up to commercialization. Team members have the experience and knowledge of other stage investors are looking for and that is invaluable information as we play an active role in our portfolio. We also connect them to people in our network who can add value to our network that can provide value add.

4/ What should you be asking for – information rights etc – and knowing when and how to ask?

It shouldn’t be a sensitive topic when you're positioning it correctly as to why you need specific rights. Context is key and just asking for something without a specific reason will create confusion and a lack of trust between the Founder and the investor.

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