Critical Success Factors (CSF) for Accelerators

Setting up a solid model for evaluating accelerator programs is difficult, as there are limited empirical evidence and data history of their performance. However, Michael Fowle from Northumbria University wrote a paper on this issue, which we can highly recommend reading.

The problem is always the same: Startups are fascinating but complex, their ecosystems are complex, and the perfect … Read more

Vote for Top Accelerator Programs in Europe

Corporate Startup Engagement (CSE) activities have emerged over the last decade all over Europe. Besides large franchise type operations such as TechStars or Startupbootcamp, various new corporates and topic-driven accelerators launched. Today, startups, investors and mentors are facing a luxury decision problem: Which accelerator program to support and/or follow?

At Venionaire Capital we are tracking venture capital and accelerator … Read more

Venture Debt vs. Venture Capital – Series 2 of 4

In the second part of the series, we take a closer look at the difference between Venture Debt and Venture Capital. Click here for the first part of the series about “What is Venture Debt?”

 

Venture Debt vs Venture Capital

When comparing venture debt with venture capital, it is essential to bear in mind that venture debt is … Read more

What is Venture Debt? – Series 1 of 4

As an early stage startup, your most prominent concern is probably access to capital and securing the first 18 months. You do not want to see the fruits of your early work dying before they hit the market. You demand supplemental forms of financing that provide your company with the required capital at a reasonable cost.

Venture debt is an … Read more

Fintech 2016: Investment Activity Overview

After 2015 has brought us plenty in terms of innovation and investing activity within the area of financial technology, the developments in the year behind us did not pick up such a fast pace. In 2015, we have witnessed the strong emergence of innovative financial services delivered through a blend of various channels, combining various platforms and technological tools. Besides, … Read more

Pitchbot.vc – A Pitch Doctor for Startups

[Update 13.02.2019: Pitchbot went out of business]

We have supported numerous startups during the last years and have spent hundreds of hours in pitch training with them. Startups need to practice, the type and kind of questions which investors will ask and they truly differ depending on the type of investor (Business Angel, Seed Fund, Venture Fund). The … Read more

Technology Stack for Investors I: Research

How to make it on the Road to Dakar? Winning the race with a strong investors’ brand. In this blog series, we explore what it takes to get your investment tools in order by looking at the following four major areas: research, deal flow, portfolio management and network management.

 

There is some truth to the saying that “investing in … Read more

About Unicorns and Black Swans

In his bestseller, The Black Swan, Nassim Nicholas Taleb lays out a theory about how people perceive probability. The book focuses mainly on events named “Black Swans” which distinguish themselves by holding three main characteristics:

  1. They have a possibility of occurring, no matter how unlikely this possibility may be,
  2. if they do occur, they cause a disproportionately high impact,
Read more
Impact of Real Options on Venture Valuations

Many practitioners at venture capital funds use net present value (NPV) and discounted cash flow (DCF) as methods during their valuation process of early-stage companies. In fact, the International Private Equity and Venture Capital Valuation Guidelines focus mainly on those two methods. The weakness of these two methods is that they concentrate on a certain “expected scenario” of cashflows. For … Read more

Venture Valuation – First Chicago Method

Once confronted with the problem of evaluating an early stage company for the first time, you will find a number of valuation methods and sooner or later you will question yourself, which model does consider all the relevant factors.

The absence of comparable companies, the inexistence of historical data, the complexity to estimate volatility, and the large number of intangible … Read more