July 2010

Confidential

Hoboken Tech Meetup

Our First Server

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Lower Capital Costs

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Core infrastructure costs for Internet businesses continue to shrink dramatically

Bandwidth Costs

Computing Costs Digital Storage Costs

Focus on Early Exits

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Sub-$50 million deals continue to make up most Internet M&A transactions

Internet M&A Activity

VC Model is Broken?

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2 out 10 Investments are winners

20% Compound Return

2 winners need 30x returns in 10 Years

2 and 20 Comp Model

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DavidBlerner.com

Model yourself after Ichiro

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“ Chicks who dig home runs aren’t the ones who appeal to me. I think there’s sexiness in infield hits because they require technique. I’d rather impress the chicks with my technique than with my brute strength. Then, every now and then, just to show I can do that, too, I might flirt a little by hitting one out.”

Summary

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Singles or Doubles are great

First time entrepreneurs – get the Win!

Valuation is not as important as Cap Structure and Terms

Good luck!