0:26
15886758060000000
0:26
15886758060000000
The way that startups meet investors and try to agree to close the investments should not be mysterious. There are many phases of course, and there are so many things that can go wrong. But when they go right, obviously, everyone gains the founders who receive the financial means needed to implement their idea and healthfully grow the project and the investors
15886758060000000
1:00
15886758060000000
Who have the opportunity to back successful startups gaining the financial return they expect.
15886758060000000
1:09
15886758060000000
I decided to contribute to the demystifying of the process by starting the network society ventures . I give startups the opportunity to meet me online and explain their idea, their business model, why their team is the best to execute it illustrate what amount of money they are raising, what is going to be the use of funds, and what they expect the outcome to be. Also, issues around competition exits, in all the questions that are asked in a typical investor pitching meeting.
15886758060000000
2:00
15886758060000000
The network society ventures pitching live series
15886758060000000
2:06
15886758060000000
is streaming on YouTube, Facebook and Twitter. And anybody can catch it that I will choose. And if the question is relevant and interesting, based on my opinion, I will turn it around to the startup entrepreneur pitching at the time and answering that question will contribute to clarifying the whole process.
15886758060000000
2:38
15886758060000000
I am looking forward to be able not only to execute this in person, but also to rely on other hosts that want to participate, who I will train on what to ask how to go about reading
15886758060000000
3:00
15886758060000000
recording a live stream that is useful both for network society ventures itself, but also to the startup, as well as the .
15886758060000000
3:12
15886758060000000
Working together with incubators and accelerators gives the opportunity to the startups graduating from their programs to present online. There are a lot of ways of course, that these presentations can be executed already. Any startup can set up a camera, start talking to it, and talk passionately about their idea and their project. However, there is a big difference in having somebody in front of you, who plays devil's advocate who is asking the hard questions needed, who knows where to probe and put you on notice if what you are telling
15886758060000000
3:57
15886758060000000
is is not really cutting it in
15886758060000000
4:00
15886758060000000
is not passing the muster. So that is definitely an important value to the startups. Now, of course,
15886758060000000
4:10
15886758060000000
it is not compulsory to come on network society ventures pitch in life, somebody could say that their idea is too precious that they don't want to share it, or that they would want to share it on only under a nondisclosure agreement. This is a very frequent, naive objection on the side of startups. And it is naive because it presumes that your idea is so unique and so precious, that nobody else can ever have it, and it shouldn't be exposed to the world. And of course, that is almost never the case. The idea will
15886758060000000
4:54
15886758060000000
occur most likely to someone else. Remember, Google wasn't the first search engine
15886758060000000
5:00
15886758060000000
Facebook wasn't the first social network. YouTube wasn't the first video platform. All these were born after somebody else had the idea already. So what is the difference? The difference is the ability to execute and also timing and none of those will diminish. If you are passionately
15886758060000000
5:27
15886758060000000
sharing your idea talk about it, whether privately with an investor, whether at a cocktail party or whether in an online streaming pitching session, like I am doing with network society ventures between live
15886758060000000
5:45
15886758060000000
sometimes it can happen that you want to protect a certain subset of your ideas or the particular way that the idea is implemented. The most important reason for this is because you are about to
15886758060000000
6:00
15886758060000000
patent on the idea where prior disclosure could impede the patent to be accepted actually, and naturally enough, it doesn't depend on whether you are talking on a live stream like we are doing or whether you are posting a blog or any other communication medium. You have to be careful and working together with your lawyers, it will be important to understand what you can say and what you cannot say. Another reason why a startup may not want to participate is because they are not ready. But if they are not ready to go live with their pitching, they are not ready to be pitching in private either. So I believe that this is a great opportunity to explore and expose the ideas and
15886758060000000
7:00
15886758060000000
And I decided that that is how I am going ahead From now on, I receive an average of about a dozen
15886758060000000
7:12
15886758060000000
pitch decks every day I
15886758060000000
7:18
15886758060000000
receive them, I look at them, I have my analysts and Associates, analyze them and file them. But of course, it is impossible to set up a specific conversation with each of those. And there is already a filter there. I reach out to the particular startups that catch my interest who are going to be interesting for network society ventures. These are seed stage startups operating at the intersection of exponential technologies and decentralization. We are
15886758060000000
8:00
15886758060000000
geographically neutral. Whether the startup is formed by a theme that is European, or American or Asian, whether it is African, it doesn't matter. The theme can also be distributed. Often at the early stages the decision of where incorporate is sale to be made. And of course, our recommendation is going to be to incorporate as a Delaware C Corp. Today 2020. There is both the fastest, the cheapest and the easiest decision to attract venture capital at each stages.
15886758060000000
8:40
15886758060000000
The opportunity to participate in network society ventures pitching live is actually broader than the specific set of companies that we at the end would be ready to invest in. We will lose and the current
15886758060000000
9:00
15886758060000000
Right there yeah a little bit exactly because we want to bring this opportunity as a contribution to the ecosystem ourselves. And of course, we will always be very explicit with the startups and some of them will understand others will dedicate their half an hour to some other activity. Instead, network society ventures between live is half an hour of the startup side and half an hour of the host time such as me and the event is divided in two parts. The first part is I left the startup using their slide deck
15886758060000000
9:49
15886758060000000
expose the idea, typically they will they will least illustrate what is the problem that they are addressing. What is the solution that is ready
15886758060000000
10:00
15886758060000000
radically different than anything that exists today
15886758060000000
10:05
15886758060000000
allowing at least 10 times improvement on what is existing already on the market. They will talk about a theme, what brings them to where they are now and why they are uniquely
15886758060000000
10:21
15886758060000000
adept in providing the solution to the market developing it, evolving it and finding the so called product market fit.
15886758060000000
10:32
15886758060000000
They will talk about their go to market strategy, whether it is a business to consumer or business to business, product or service and what are the features that they expect to incorporate in their minimum viable product, how they will be able to get traction, where the first customers are going to be ready to start
15886758060000000
11:00
15886758060000000
Paying for whatever they receive,
15886758060000000
11:04
15886758060000000
there will be an opportunity to talk about projections. And many of these are of course,
15886758060000000
11:12
15886758060000000
answers to questions that will evolve in time and both parties, the startup and the investor understand it. And we don't expect these projections to be perfect. They are always opportunities to ask more questions. Why do you expect to dip in profitability in year three? Or how do you plan international expansion contributing to revenue growth? How is your gross margin evolving through time as you work better and better with infrastructure or suppliers
15886758060000000
11:57
15886758060000000
after the 15 minute expositions
15886758060000000
12:00
15886758060000000
The second half for 15 minutes of network society ventures pitching live is dedicated to the questions that come up in the first part, because I don't interrupt the entrepreneur in their flow, I want to let them finish the presentation first. So we can go back and look at slide number x, y or z, asking question to clarify. A very important point that must be asked even at this very early stage is what is your exit strategy. The investors want to get liquid on their investment. They are different from the partners that stay with you forever with our co founders or employees that can be in the business as well as suppliers or customers for 1020 years as it matures.
15886758060000000
13:00
15886758060000000
An investor especially an early stage investor will want to get out, on average, not farther out than five, six years from the time that they made the initial investment. And whether that liquidity event happens through an IPO an initial public offering, or it happens through a merger and acquisition or actually, as the token base blockchain models mature, and allow faster liquidity to the investors talking about this right at the beginning is of fundamental importance.
15886758060000000
13:46
15886758060000000
Now, network society pitching live wants also to go Of course global in not only the startups that send me directly the
15886758060000000
14:00
15886758060000000
Pitch decks and which I am meeting but also startups that are in other geographies, maybe even only speaking the local language rather than English. And that is why,
15886758060000000
14:17
15886758060000000
for me, finding and training other hosts to run the program is important so that the number of startups that benefit from this opportunity grows in a manner that is scalable and embraces from India to China, to Japan, to South America. many parts of the world where English may be understood, but we are very often startup founders are more comfortable expressing their ideas in their native tongue.
15886758060000000
15:00
15886758060000000
Today, all the videos get automatic captions in an increasing number of languages. And the translations of those captions is also becoming either automatic or affordable through professional services. Or it can be actually outsourced to a community of passionate followers. And why not the startup itself can ask its community to please go on YouTube and contribute to the translation of these captions so that they are message can reach the largest number of possible users.
15886758060000000
15:44
15886758060000000
Network society ventures between live is a new initiative as I am recording this. I have barely started the first few episodes, but you see, I like to act as I preach.
15886758060000000
16:00
15886758060000000
I like to share the ideas that I am working on, even though they are still evolving. And I am looking forward to getting ideas and understanding what you think about this, how you would adapt it to be even better serving the ecosystem of startups all over the world. And then this is it for the context this week. And I am looking forward to recording a new episode and to meeting all of you in the various platforms, we are where we are conversing and when where we are interacting. Thank you.
15886758060000000
The way that startups meet investors and try to agree to close the investments should not be mysterious. There are many phases of course, and there are so many things that can go wrong. But when they go right, obviously, everyone gains the founders who receive the financial means needed to implement their idea and healthfully grow the project and the investors
16208286650000000
1:00
16208286650000000
Who have the opportunity to back successful startups gaining the financial return they expect.
16208286650000000
1:09
16208286650000000
I decided to contribute to the demystifying of the process by starting the network society ventures . I give startups the opportunity to meet me online and explain their idea, their business model, why their team is the best to execute it illustrate what amount of money they are raising, what is going to be the use of funds, and what they expect the outcome to be. Also, issues around competition exits, in all the questions that are asked in a typical investor pitching meeting.
16208286650000000
2:00
16208286650000000
The network society ventures pitching live series
16208286650000000
2:06
16208286650000000
is streaming on YouTube, Facebook and Twitter. And anybody can catch it that I will choose. And if the question is relevant and interesting, based on my opinion, I will turn it around to the startup entrepreneur pitching at the time and answering that question will contribute to clarifying the whole process.
16208286650000000
2:38
16208286650000000
I am looking forward to be able not only to execute this in person, but also to rely on other hosts that want to participate, who I will train on what to ask how to go about reading
16208286650000000
3:00
16208286650000000
recording a live stream that is useful both for network society ventures itself, but also to the startup, as well as the .
16208286650000000
3:12
16208286650000000
Working together with incubators and accelerators gives the opportunity to the startups graduating from their programs to present online. There are a lot of ways of course, that these presentations can be executed already. Any startup can set up a camera, start talking to it, and talk passionately about their idea and their project. However, there is a big difference in having somebody in front of you, who plays devil's advocate who is asking the hard questions needed, who knows where to probe and put you on notice if what you are telling
16208286650000000
3:57
16208286650000000
is is not really cutting it in
16208286650000000
4:00
16208286650000000
is not passing the muster. So that is definitely an important value to the startups. Now, of course,
16208286650000000
4:10
16208286650000000
it is not compulsory to come on network society ventures pitch in life, somebody could say that their idea is too precious that they don't want to share it, or that they would want to share it on only under a nondisclosure agreement. This is a very frequent, naive objection on the side of startups. And it is naive because it presumes that your idea is so unique and so precious, that nobody else can ever have it, and it shouldn't be exposed to the world. And of course, that is almost never the case. The idea will
16208286650000000
4:54
16208286650000000
occur most likely to someone else. Remember, Google wasn't the first search engine
16208286650000000
5:00
16208286650000000
Facebook wasn't the first social network. YouTube wasn't the first video platform. All these were born after somebody else had the idea already. So what is the difference? The difference is the ability to execute and also timing and none of those will diminish. If you are passionately
16208286650000000
5:27
16208286650000000
sharing your idea talk about it, whether privately with an investor, whether at a cocktail party or whether in an online streaming pitching session, like I am doing with network society ventures between live
16208286650000000
5:45
16208286650000000
sometimes it can happen that you want to protect a certain subset of your ideas or the particular way that the idea is implemented. The most important reason for this is because you are about to
16208286650000000
6:00
16208286650000000
patent on the idea where prior disclosure could impede the patent to be accepted actually, and naturally enough, it doesn't depend on whether you are talking on a live stream like we are doing or whether you are posting a blog or any other communication medium. You have to be careful and working together with your lawyers, it will be important to understand what you can say and what you cannot say. Another reason why a startup may not want to participate is because they are not ready. But if they are not ready to go live with their pitching, they are not ready to be pitching in private either. So I believe that this is a great opportunity to explore and expose the ideas and
16208286650000000
7:00
16208286650000000
And I decided that that is how I am going ahead From now on, I receive an average of about a dozen
16208286650000000
7:12
16208286650000000
pitch decks every day I
16208286650000000
7:18
16208286650000000
receive them, I look at them, I have my analysts and Associates, analyze them and file them. But of course, it is impossible to set up a specific conversation with each of those. And there is already a filter there. I reach out to the particular startups that catch my interest who are going to be interesting for network society ventures. These are seed stage startups operating at the intersection of exponential technologies and decentralization. We are
16208286650000000
8:00
16208286650000000
geographically neutral. Whether the startup is formed by a theme that is European, or American or Asian, whether it is African, it doesn't matter. The theme can also be distributed. Often at the early stages the decision of where incorporate is sale to be made. And of course, our recommendation is going to be to incorporate as a Delaware C Corp. Today 2020. There is both the fastest, the cheapest and the easiest decision to attract venture capital at each stages.
16208286650000000
8:40
16208286650000000
The opportunity to participate in network society ventures pitching live is actually broader than the specific set of companies that we at the end would be ready to invest in. We will lose and the current
16208286650000000
9:00
16208286650000000
Right there yeah a little bit exactly because we want to bring this opportunity as a contribution to the ecosystem ourselves. And of course, we will always be very explicit with the startups and some of them will understand others will dedicate their half an hour to some other activity. Instead, network society ventures between live is half an hour of the startup side and half an hour of the host time such as me and the event is divided in two parts. The first part is I left the startup using their slide deck
16208286650000000
9:49
16208286650000000
expose the idea, typically they will they will least illustrate what is the problem that they are addressing. What is the solution that is ready
16208286650000000
10:00
16208286650000000
radically different than anything that exists today
16208286650000000
10:05
16208286650000000
allowing at least 10 times improvement on what is existing already on the market. They will talk about a theme, what brings them to where they are now and why they are uniquely
16208286650000000
10:21
16208286650000000
adept in providing the solution to the market developing it, evolving it and finding the so called product market fit.
16208286650000000
10:32
16208286650000000
They will talk about their go to market strategy, whether it is a business to consumer or business to business, product or service and what are the features that they expect to incorporate in their minimum viable product, how they will be able to get traction, where the first customers are going to be ready to start
16208286650000000
11:00
16208286650000000
Paying for whatever they receive,
16208286650000000
11:04
16208286650000000
there will be an opportunity to talk about projections. And many of these are of course,
16208286650000000
11:12
16208286650000000
answers to questions that will evolve in time and both parties, the startup and the investor understand it. And we don't expect these projections to be perfect. They are always opportunities to ask more questions. Why do you expect to dip in profitability in year three? Or how do you plan international expansion contributing to revenue growth? How is your gross margin evolving through time as you work better and better with infrastructure or suppliers
16208286650000000
11:57
16208286650000000
after the 15 minute expositions
16208286650000000
12:00
16208286650000000
The second half for 15 minutes of network society ventures pitching live is dedicated to the questions that come up in the first part, because I don't interrupt the entrepreneur in their flow, I want to let them finish the presentation first. So we can go back and look at slide number x, y or z, asking question to clarify. A very important point that must be asked even at this very early stage is what is your exit strategy. The investors want to get liquid on their investment. They are different from the partners that stay with you forever with our co founders or employees that can be in the business as well as suppliers or customers for 1020 years as it matures.
16208286650000000
13:00
16208286650000000
An investor especially an early stage investor will want to get out, on average, not farther out than five, six years from the time that they made the initial investment. And whether that liquidity event happens through an IPO an initial public offering, or it happens through a merger and acquisition or actually, as the token base blockchain models mature, and allow faster liquidity to the investors talking about this right at the beginning is of fundamental importance.
16208286650000000
13:46
16208286650000000
Now, network society pitching live wants also to go Of course global in not only the startups that send me directly the
16208286650000000
14:00
16208286650000000
Pitch decks and which I am meeting but also startups that are in other geographies, maybe even only speaking the local language rather than English. And that is why,
16208286650000000
14:17
16208286650000000
for me, finding and training other hosts to run the program is important so that the number of startups that benefit from this opportunity grows in a manner that is scalable and embraces from India to China, to Japan, to South America. many parts of the world where English may be understood, but we are very often startup founders are more comfortable expressing their ideas in their native tongue.
16208286650000000
15:00
16208286650000000
Today, all the videos get automatic captions in an increasing number of languages. And the translations of those captions is also becoming either automatic or affordable through professional services. Or it can be actually outsourced to a community of passionate followers. And why not the startup itself can ask its community to please go on YouTube and contribute to the translation of these captions so that they are message can reach the largest number of possible users.
16208286650000000
15:44
16208286650000000
Network society ventures between live is a new initiative as I am recording this. I have barely started the first few episodes, but you see, I like to act as I preach.
16208286650000000
16:00
16208286650000000
I like to share the ideas that I am working on, even though they are still evolving. And I am looking forward to getting ideas and understanding what you think about this, how you would adapt it to be even better serving the ecosystem of startups all over the world. And then this is it for the context this week. And I am looking forward to recording a new episode and to meeting all of you in the various platforms, we are where we are conversing and when where we are interacting. Thank you.
16208286650000000
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