1. Venture Capital:
A PractionersView
For UNIVERSITY OF HELSINKI
Will.Cardwell@Aalto.Fi

2. My Experience
EDUCATION
CEO / PARTNER/ DIRECTOR
LTT-Research Finance Institute,
EqvitecAdvisors/RobertsonStephens,
EqvitecVenturePartners,
Valimo Wireless, ConorVenturePartners,
TechnopolisVentures, ACE
Bedford Hills, LinkhorneSchool,
EC Glass, Davidson College,
Aalto School of Economics,
University of North Carolina-Chapel Hill,
Aalto School of Science and Technology
ADVISOR / INVESTMENT BANKER
BOARD-MEMBER
F-Secure, Iobox, Codetoys, Digia, Solid,Footbalance, Microtask, severalongoing
Valimo Wireless, Smartner/Seven, Frends, Rissa Communications, TIVIT, Amcham, TEKEL, Finnish Mobile Association, Center for Internet Excellence, NS Sports Management, TechnopolisVentures
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3. What is ACE Today ?
xES
Entrepreneurship
Education
NoteCombo of
Academic
And
Practice!
Entrepreneurship
Research
Innovation Services
and Technology
Transfer
Growth
Venturing and
Start-Up Services
4. ACE Innovation Services today and tomorrow *
* This is Practice part and it is Critical to future of Finland and mustberesourcedaccordingly!!
5. How VC FirmsareStructured
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6. WhatVentureCapitalistsDo
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7. VC withinCourseFramework
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# s equalimportance in VC
8. Summary of Finnish high-tech company capital raising activity Q32010
Finnish high-tech companies announced raising nearly 30 million of risk capital during Q3 of 2010.
The quarterly amount was comparable to Q3 2009, when Finnish high-tech companies were able to attract around 29 million euros of financing.
The amount of investments remained equivalent to the prior years Q3 activity, however, the average investment size in Q3 2008 was significantly smaller
TECHNOPOLIS PLC24 November 2010
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9. A Comparison: Israel
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10. Great FinnishStories in Outlier and Black Swan Framework

DefiesPrediction

11. Makes a MassiveImpact 12. WemakeupExplanationsAfterward 13. Endowedwith an unfairadvantange. 14. Extremepractice and workHaveweeverhadany, and whyaretheysoimportanttoday?
15. 1. The Counter-IntuitiveReality of the Black Swan
Link
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16. 2. On Risk-taking and Failure
Ecosystem: promotespioneering spirit embracing uncertainty, risk-taking and tolerating failure
Entrepreneur: Youmustnotfail! (butits OK ifyoudo, keeptrying!)
You just cannothave a Plan B !!
Link
Link
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17. 3. On Youth and Energy
Ecosystem: Attract founders, who are ideally young, energetic and possibly migrants, and support them patiently
Entrepreneur: Startearly! Universities will probably drive the next Black Swan. And, DONT BE PATIENT!
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18. About
34
About
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19. aaltovg.com
twitter.com/
aaltogarage
20. 4. On Customers
Ecosystem: Willingcustomersparticipate in trial and errorprocesswithinnovators.
Entrepreneur: Get out of the officeall the time live and breathewithcustomers.
And customers: ifyoudontpay, youarepart of the productorservice, act likeit!
Link
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21. 5a. On Teams
Entrepreneur: Bring in the bestwherevertheycomefrom (and manywillcomefromabroad!)
Ecosystem: Freedom offered to talent who should not be snatched from start-ups.Talent (and capital!) MUST be mobile!
Link
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22. 5b. On Teams
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Link
23. 6a. On Pricing Technologies
Link
24. 6b. On Pricing Technologies
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Link
25. 7. On How to be a VC
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Link
26. Whatarewetrying to do at ACE to enablethis?
A Deep International Network
Bringworld-classlecturers, practitioners and studentsIN
SendourcommunityOUT to globalhotspots.
SupportREGULARbootcamps and eventsaroundkeythemes
Createwinning IP strategies
Raise the overallIMAGE of GrowthEntrepreneurship
Collaboratefluentlywithour national and regionalecosystem!
Getgreatideas into the marketFAST!
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27. SelectSpin-offs and Start-UpsfromAalto University
SomePast
Start-Ups
Hybrid Graphics
F-Secure
Sulake
Rovio
Solid
manyothers
28. Any Ideas? Invented Something?
Contact us directly:
Will Cardwell, Head, 040 514 1325
Pauli Laitinen, Innation Services teamleader, 050 338 0509
Or looked at: http://ace.aalto.fi
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