dave mcclure >> 99 vc problems but a batch ain't one: why portfolio size matters for...

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AGENDA9:00 Registration10:00 VC 101 Edu11:30 Lunch 12:45 Demos: Batch 13, part I14:00 Break14:30 Demos: Batch 13,

part II15:45 Break 16:15 Demos: Series A track 17:30 Networking reception

#500STRONG

• Team of 75 people, 15 countries, 20+ languages

• $190M under management with $130M deployed

• 1200 companies across all funds• >300 companies started outside the US • >300 companies with women co-founders• >150 companies with women CEOs• Companies have raised $3B+ in additional

capital

#1200STRONG

#500TEAM (75 people)

500 TEAM % #

Investment 28% 21

Operations 25% 19

Accelerator 21% 16

Distro/ Growth 17% 13

Mktg / Events 8% 6

TOTAL 100% 75

Gender

% #

Male 57% 43

Female 43% 57Geo % #

USA 65% 49

INTL 35% 26

#500DISTRO• Distro Team: in-house

growth team - 13 people

• Distro Program : London, Miami, Taipei, Dubai , KL, HK + MOAR.

• WMD.co: 1-day conference covering mktg & distribution

#500FUNDS

Fund IJul 2010

$29M

Fund IIApr 2012

$45M

Fund IIIOct 2013

$85M

MexicoMay 2013

$3M

MobileNov 2014

$10M

SE AsiaFeb 2014

$10M

Korea May 2015

$15M

ThailandJul 2015

$10M

FI Annex Jan 2013

$4M

3 Unicorns>$1B in Value

25+ Centaurs >$100M in Value

250 - 300 Ponies>$10M in Value

#500STABLE

#500UNICORNS

TWILIO GRAB TAXICREDIT KARMA

#500UNICORNSGARTH

#500CENTAURS

BarkboxIntercom Ipsy Life360 PeertransferPlangridRemindSendgrid SmuleSprig

Makerbot ($400M) Wildfire ($350M)Viki ($200M) Behance ($150M)Simple ($117M) Sunrise (100M)

StyleSeat TalkDesk The RealReal Tradesy Udemy Virool VivaRealVungleWePayWomply

EXITS

+ MOAR COMING

Q: Chances of spotting unicorn? /

a) 1%b) 2%c) 5%d) 10%

Q: Chances of spotting unicorn? /

a) 1%b) 2%c) 5%d) 10%e) ZERO

Chances of spotting unicorn /

/

http://bit.ly/99VCProblems

If portfolio size = 15 companies /

/ If portfolio size = 30 companies

/ If portfolio size = 100 companies

/ Consideration

% Probability of UnicornFirst check vs Follow-on

Seed vs Series A/B

/ Optimal portfolio size

a) 20 – 30 (NO guarantee of ANY Unicorns)b) 50 – 100 (SOME Centaurs, MAYBE 1 Unicorn)c) 200 – 500 (MANY Centaurs, SEVERAL Unicorns)

(Portfolio) SIZE MATTERS

#500VCs

2-Week Investor Course with 500 Startups and Stanford

(FIRST CLASS- MAY 2015 – DONE!)

• Education program for angels, micro VCs, corporates and family offices who want to learn the Silicon Valley playbook

• 35 Students, 50% female - India, Vietnam, Germany, Pakistan, Iceland, Brazil, Malaysia, South Korea, UAE, Russia, Taiwan, Jamaica

#500VCs

How to build investment thesis

Meet REAL startup founders and conduct selection

Connection with Silicon Valley investors and mentors

Legal docs: cap table and standard terms

How to generate deal flow Trends and relevant area of investments

#500VCs

Feb 8th - Feb 19th

@ Stanford + 500 Sign up:

http://500.vc

#500SyFy

Bazillion Dollar Club

http://www.syfy.com/BazillionDollarClub@BazillionSyfy

Debuts Sep 22nd 2015 on

#500SyFy