VCs & Entrepreneurs in China: my experience

VCs & Entrepreneurs in China: my experience

ShareWow! I had an amazing experience in China as an American VC. I made a photobucket photo file which I understand can be viewed in China. Please check it out and the captions. That’s my blog post this time – the comments / captions of the photos. Forget this blog post and check out this link here! http://s613.photobucket.com/user/Andrew_Romans/library/ China is a huge opportunity for every entrepreneur and VC. To ignore it would be insanity. They have a totally different way of thinking which works well. I look forward to working with all of you 🙂 And I look forward to helping our portfolio companies take off in China. Get my blog story here: http://s613.photobucket.com/user/Andrew_Romans/library/ Basically most of our companies should be manufacturing or making software in China. Those those that do not want to do that should probably be selling their products and services in China. I view it as my job as the VC to help our portfolio companies do both with safe partners they can trust. We are ready to be the fiber optic cable and help our companies be successful in China quickly. This is a game of speed and trust. Andrew...
Creating A Win-Win-Win Among Corporates, Startups & VCs

Creating A Win-Win-Win Among Corporates, Startups & VCs

ShareI gave a keynote address on corporate venture capital interviewed by Duncan Logan at Rocketspace’s Innovation Collective Summit today and thought it appropriate to share this article I wrote for the NVCA CVC magazine a few weeks ago. I am nearing the final stages of finishing my second book on the topic of venture capital –MASTERS OF CORPORATE VENTURE CAPITAL: Collective Wisdom from 50 VCs on How to Get Funded & the Playbook for Corporate Venturing to Access Startup Innovation, Create Winning CVCs & Avoid the Classic Mistakes (May 2016). I was partly motivated to finish this book now, because I have also been advising a large Chinese corporate on the formation of their corporate venturing program. I first organized my own ideas for a comprehensive book on the topic into 10 chapters with detailed sub-headings. I then embarked on taking over 50 meetings and phone interviews with top corporate venture capital (CVC) practitioners including Intel Capital, IBM Ventures, Qualcomm Ventures, TelĂ©fonica Ventures and many other usual suspects both old and new to the CVC scene. To be honest, before taking any of these interviews I foolishly felt as if I could just sit down and fill in each chapter based on my own experience of being a founder that raised over $27m in CVC funding for my own venture and then a decade of being an active angel and advisor helping 20+ startups raise VC funding and then running an angel group and finally my own VC fund – Rubicon Venture Capital. What I learned from these interviews was entirely humbling and enlightening. Many of the interviews began the...
Videos from VC / Angel Investor Workshop @ Silicon Valley Innovation Center

Videos from VC / Angel Investor Workshop @ Silicon Valley Innovation Center

ShareVideos from VC / Angel Investor Workshop @ Silicon Valley Innovation Center Click here to go to Andrew Romans’ YouTube Channel and view the videos. (Read the notes of each video to fast forward through the first 10.5 minutes of Part I. I need more time to break these into shorter videos; so feel free to skip around.) Topics covered Overview & analysis of the market from Pre-Seed, to Seed, Later Stage Seed / Seed Extension, Series, A, B, C, D to the private IPO phenomenon – understanding trends – which are crowded, overpriced, underpriced and key risk points Why investing now is more attractive than ever before What industries, sectors, company stage and geographies are best for you Convertible notes – key points and the meaning beyond the moving parts Priced equity rounds – key points and the meaning beyond the moving parts Valuation concepts on pricing valuations when investing, exiting and risk tied to perceived exit multiples Portfolio construction strategies for angels and VCs – how to allocate your capital Best practices for sourcing deal flow and conducting due diligence Tactics to get into oversubscribed deals Strategies for continuing to invest in portfolio companies a 2nd, 3rd, 4th, 5th time, etc Best practices for post investment information rights, governance, adding value and Different options to invest ranging from Angel List, to other investor platforms, angel groups, demo days, accelerators, VC funds, SPVs, tax breaks for UK, EU and Israeli taxy payers Different options to get liquidity on the secondary market before definitive liquidity event for startup / how to sell some stock before the final exit Questions & Answers from an audience of...
Culture Radio: Podcast Discussing Culture & Venture Captial

Culture Radio: Podcast Discussing Culture & Venture Captial

ShareCheck out this podcast interview on Culture Radio. Download it to your phone and listen on your commute or your next airplane ride. Click here to PLAY OR DOWNLOAD THE EPISODE HERE. EPISODE 21: A CLOSE LOOK AT THE IMPACT OF VENTURE CAPITAL IN THE BUSINESS LANDSCAPE WITH ANDREW ROMANS DISCLAIMER: Listen to the podcast. That’s easier and I can see having glanced at the transcript below that it’s not word-for-word accurate. If English is not your first language this not perfectly accurate transcript may be of interest. Otherwise I encourage you to LISTEN TO IT HERE.   THE QUESTIONS [7:55] Andrew, what do you think drew you to the VC world? As you grow up, was there something that shaped and formed you to this direction? Answer: I grew up in Short Hills / Madison, New Jersey. Even there, I was an entrepreneur. I founded a company called the “Freshmen Assassination Game.” When I saw that movie “Gotcha” and said, “Who wants to go to school when you could be playing an assassination game?” That sounds fun. And the good thing about that business is I didn’t need any investors. You know, I collected $2 per student. Gave $1 to the sole survivor and kept the bucks from everybody myself. So I had little businesses running all through high school and college. I had a big t-shirt business in college. And so, I was just a hardcore entrepreneur, you know, from the core and my soul. [25:10] Was there a moment in your career over the last 20 years where there the lights went on for you? Answer: The honest answer is it’s...
When to Quit Your Startup vs Never Give Up!

When to Quit Your Startup vs Never Give Up!

ShareAbout 13 years ago I attended a party in London with the theme “Never Give Up!” It was organized by an angel investor buddy of mine from the Silicon Valley who is a true round-the-world ticket traveler with entrepreneur networks everywhere. It was a bunch of entrepreneurs that got together on a Saturday night to get loaded, share their challenges and motivate each other to “never give up” with their startups regardless of hard times. It was a big party and I don’t remember meeting any entrepreneurs that I thought were “VC fundable” that night. I had a good time, but I recall saying to my wife as we walked out of there that those entrepreneurs are more serial killers than serial entrepreneurs. I think it is an important thing for founders and junior cofounders to consider when it is the right time to give up, quit that startup and move on. Most startups fail, because they run out of cash. When the startup is generating cash from customers or investors it becomes more complex for the founder to lift her head up from the ball and look at the entire playing field and think. I live in the Silicon Valley and commute most days to our office in San Francisco and I think that being at the very far west end of western civilization means that most of us are separated from our parents and family. Being far away from these conservative forces like your Jewish mother telling you to quit that startup and take a job at an accounting firm like your brother is part of the secrete...
Amsterdam Feb 5th VC – Entrepreneur Event

Amsterdam Feb 5th VC – Entrepreneur Event

ShareJoin me in Amsterdam Feb 5th 18h30 at www.B-Amsterdam.nl for…http://vc-nl.eventbrite.com The Future of Venture Capital A Workshop for Angel Investors, Venture Capitalists, Family Offices & Entrepreneurs REGISTER HERE FOR FREE USING PROMO CODE “RUBICON”: http://vc-nl.eventbrite.com Early stage investing is undergoing a renaissance. The lines between seed and series A are blurring as the cost of launching new startups has decreased (and is increasing for some). Learn of new models, strategies and platforms for VCs and angel investors to collaborate to invest in early stage companies from seed to IPO. Learn how angels can invest small amounts of capital in Series A, B, C, D and later financing rounds typically only available to VCs and other institutional investors. Learn how VCs can harness the power of angel and family office networks and most effectively invest in early stage seed rounds of startups while keeping a focus on Series A and beyond building successful, scalable venture portfolios that are just as innovative as the companies they finance. Welcome remarks by Ricardo van Loenen, cofounder of B. Amsterdam, the largest co-working space in Amsterdam. Agenda 18:30: Registration, beer, wine, softdrinks & networking 19:00: Presentation followed by Questions & Answers 20:00: Wine, beer, softdrinks & networking 21:00: Event close Andrew Romans, General Partner, Rubicon Venture Capital & Author of THE ENTREPRENEURIAL BIBLE TO VENTURE CAPITAL: Inside Secrets from the Leaders in the Startup Game Andrew Romans is the author of the acclaimed McGraw Hill published book THE ENTREPRENEURIAL BIBLE TO VENTURE CAPITAL: Inside Secrets from the Leaders in the Startup Game which brings together stories and wisdom from over 40 VCs. Now availalbe in Chineseand Russian...