hackers / founders vintage 2014
Post on 17-Oct-2014
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DESCRIPTION
For Investors: Vintage 2014 Fund A portfolio of 16 top-tier companiesTRANSCRIPT
Early-stage equity fund
Vintage 2014
130,000 members
65 chapters,
30 countries
45 events per week
1,500 views per week, H/F TV
7M total reach with strategic partnerships
Sourcing Startups
H/F Global Presence
Command Line!Interactive!
RUNWAY
INTERNATIONAL DIVERSE FOUNDERS
SILICON VALLEY MARQUEE NAMES
Strategic Partnerships
700,000 founders
700 peer reviews
690 reapply
40 interview
16 admitted
700,000 founders
Q1 Q2 Q3
7M Total Reach
Ap
plic
atio
ns
Co-op Dealflow Funnel
Share Price
$.20
$.40
$.60
$1.20
$.80
$1.00
December 2012 January 2013 August 2013 January 2014 July 2014
370%
$1.40
There is no guarantee against loss; past performance is not a guarantee of future returns.
$300,000 to
$1,408,000 in 20 months
Co-op Vintage 2013 Fund Performance
Where are the Returns?
Liquidity trapped for 5 years
$0.00
$0.50
$1.00
$1.50
$2.00
$2.50
$3.00
$3.50
$4.00
$4.50
$5.00
H/F 2013 Dow CD Savings
$4.70
$1.29 $1.03 $1.02
H/F 2013 Dow CD Savings
Co-op Vintage 2013 Performance Comparison
There is no guarantee against loss; past performance is not a guarantee of future returns.
Co-op Vintage 2013 Returns to CAPM* Performance Comparison to Previous Co-op Funds
*Russell 2000 as baseline
There is no guarantee against loss; past performance is not a guarantee of future returns.
0
1
2
3
4
5
6
7
Required
Pool 1, Vintage 2013
Vintage 2011
There is no guarantee against loss; past performance is not a guarantee of future returns.
50% Sold to
accredited investors
50% H/F retains
$1.06M $1.06M
16 Portfolio Companies
Startups enter the Co-op & the Vintage 2014 Fund
The Co-op
C-Corp
Vintage 2014 is composed of 1,000,000 shares (California LLC flow-through entity)
• A portfolio company gets sold for $100M
• 5% of which is $5M, distributed to all shares of the LLC
• Each share receives $5
• Because of the LLC structure of the entity, no double taxation occurs
Liquidity Event Example
Example of an acqui-hire,
• 1 company gets sold for $5M
• 2x valuation (in this case, stockholders see 100% return)
• 5% of which is $250K, distributed to all shares
• Each shareholder receives $.25 per share
Liquidity Event Example through ExitRound
Portfolio Enterprise Customers
Oliver Nicholas Director of Infrastructure,
Uber
Shalin Madan Personal Investment,
Family Office
Roy Rodenstein Top Angel,
Boston Xconomy
Investors who have our back
Don Hutchison Excite@Home
Leo Polovets #2 Engineer
Samir Kaji Director of Private Equity,
First Republic Bank
Jacob Mullins ExitRound
Chris McCann Startup Digest
Will Bunker Founder, Match.com
Board of Advisers
Marc Nager UP Global
Startup Weekend
Cheryl Cheng Operating Partner, Blue
Run Ventures
Naval Ravikant Founder, AngelList
Our Follow-on Investors
Founders of Yahoo Jerry Yang Ash Patel
Raising $450,000
How much are you in for?
Average seed stage valuation on AngelList is $3.8M
Our price is $2.5M representing a 34% discount
Discount
