firm overview
TRANSCRIPT
CONFIDENTIAL PRESENTATION | PAGE 1
PARTNERING WITH TALENTED ENTREPRENEURSTO BUILD WORLD-CLASS COMPANIES
CONFIDENTIAL PRESENTATION | PAGE 2
FIRM OVERVIEW
Who We Are: Flybridge Capital Partners is a venture capital firm positioned as the preferred company-building partner for the best entrepreneurs at the earliest stages.
Our Key Focus: Next generation enterprise software technology startups based primarily in New York City and Boston. Team split equally between both locations.
Our Strategy: Investing in software-driven themes across multiple industriesLifecycle Investor with focus on capital-efficient
start-ups, $0.5-4M initial investment, $6-10M in aggregate.
Provide value-added support through collaborative, hands-strategic guidance plus business development, marketing, and team building.
Open, accessible, transparent culture with entrepreneurs as customers.
Our Experience: Invested ~ $500 million in 75 companies across three funds during our 12 year history of investing as a team.
Our Management: Prior track record at Greylock and success as entrepreneurs of breakout Internet / software companies.
Representative Portfolio
Companies
CONFIDENTIAL PRESENTATION | PAGE 3
TEAM
David Aronoff, General Partner Greylock Partners 1996-2005
Chipcom 1989-1995
Bell Labs 1986-1989
Harvard MBA, USC MS, UVM BS
Jeff Bussgang, General PartnerUpromise 2000-2003
Open Market 1995-2000
BCG 1991-1993
Harvard MBA, Harvard College BA
Senior Lecturer, HBS
Chip Hazard, General Partner Greylock Partners 1994-2002
Company Assistance 1991-1992
Bain & Company 1989-1991
Harvard MBA, Stanford BA
Matt Witheiler, General Partner ATI 2003-2006
Anand Tech 2000-2003
Harvard MBA, Duke BS
Victoria Song, Principal Google 2013
tracx 2012
Flybridge 2010-2012
Harvard Business School 2009-2010
Harvard MBA, Yale BA
Kate Castle, VP MarketingBattery Ventures 2003-2005
Sangate Systems 2002
Cisco Systems 2000-2002
Porter Novelli 1995-2000
Wheaton College, BA
Boston New York
CONFIDENTIAL PRESENTATION | PAGE 4
Nate Westheimer, Advisor (NYC)
• Focus: NYC consumer infrastructure
• Current: NY Tech Meetup & PictureLife
• Previous: AnyClip, Rose Tech Ventures
• Brandeis University
Paul Blumenfeld, Advisor (Boston)
• Focus: Executive networking “Gazelles”
• Current: Partner, Genero Search Group
• Previous: High Tech Ventures
• Hobart William Smith
WE EXTEND OUR REACH WITH A NETWORK OF CONNECTED AND KNOWLEDGEABLE RESOURCES
Sarah Hodges, Advisor (Boston)• Focus: Boston entrepreneur and
start-up community
• Current: Co-founder, Intelligen.ly
• Previous: Fitnesskeeper, Carbonite
• Babson, Scripps College
Evan Korth, Advisor (NYC)
• Focus: NYC start-ups
• Current, Associate Professor CS, NYU and Co-founder of HackNY
• New York University, Syracuse
Brian Kalma, Advisor (Boston)
• Focus: UI / UX Design, e-commerce marketing
• Current, Founder, GetGlorious
• Previous: Zappos, Gilt, Gemvara
• Pace University, California Institute of the Arts
Greg Gomer, Advisor (Boston)
• Focus: Boston entrepreneur and start-up community
• Current: StreetWise Media, BostInno
• Previous: Fidelity
• Babson
Paul Esdale, Advisor (Latin America)
• Focus: Latin America portfolio companies
• Current: Next Level Ventures
• Previous: Open Market, uPromise
• University of Massachusetts, Boston University
Joe Chernov, Advisor (Boston)
• Focus: Boston entrepreneur and start-up community
• Current: HubSpot
• Previous: Kinvey, Eloqua, BzzAgent
• Westfield State
CONFIDENTIAL PRESENTATION | PAGE 5
INVESTMENT THEMES
Macro Trends Investment Theme
Cloud is the New Infrastructure
Flybridge Portfolio
Developer Driven Adoption
Massive Data Scale Full-Stack AnalyticsCo
re T
hem
es
Online LearningVocational &
Continuing Education
Low-cost Hardware Building Blocks
Hardware as a Software Delivery
VehicleEm
erg
ing
Th
emes
R&
D
CONFIDENTIAL PRESENTATION | PAGE 6
Seed(40%)
Series A (40%)
Emerging Winners / Series B
(20%)
CriteriaStrong founder(s), attacking large market, milestone based
Strong founding team with differentiated product/market vision
Strong team and existing VC support, GA/beta product w/significant pipeline/momentum
$ Invested
$500K - $1M initial, $6-10M in aggregate
10-15% ownership target
$1-3M initial, $6-10M in aggregate
20-30% ownership target
$3-6M initial, $6-10M in aggregate
15-25% ownership target
Flybridge Role
Lead or co-lead Lead or co-lead Lead or co-lead
INVESTMENT OVERVIEW
CONFIDENTIAL PRESENTATION | PAGE 7
• Responsible, committed, helpful board members• Clean term sheets; fair valuationsEntrepreneurs as partners
• Transparent process: “you know where we stand”Clear, issues-driven due-diligence
• Work with talented entrepreneurs to build exceptional and valuable companiesDemand Excellence
OPERATING PRINCIPLES
CONFIDENTIAL PRESENTATION | PAGE 8
SUMMARY
Flybridge Capital Partners represents an experienced team that partners with entrepreneurs and provides deep support
Flybridge Capital Partners leads or co-leads early to mid-stage companies, with a preference for capital-efficient businesses
Flybridge Capital Partners builds value through providing experience, perspective and resources to the companies in which we invest
CONFIDENTIAL PRESENTATION | PAGE 9
We invite you to keep up to date on our firm and portfolio news
Read our Blogs• Geek VC: David Aronoff: www.geekvc.com• Hazard Lights: Chip Hazard: www.hazardlights.net• Seeing Both Sides: Jeff Bussgang: www.seeingbothsides.com• Bits of Cents: Matt Witheiler: http://www.bitsofcents.com
Follow us on Twitter: @flybridge
Join our LinkedIn Group: http://linkd.in/17ws6Vf
Be our Friend: http://on.fb.me/1gRPqVK
SUMMARY