gentm #9: business angels
Post on 21-Oct-2014
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DESCRIPTION
These are the slides I made in preparation of my talk at GentM #9. http://www.gentm.be/ I dropped slide 6 because it was off-topic.TRANSCRIPT
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1T3XT BVBA, the iText Company http://itextpdf.com/
GentM #9: Business Angels
iText®:
The exception proves the rule
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1T3XT BVBA, the iText Company http://itextpdf.com/
At the end of the day...
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1T3XT BVBA, the iText Company http://itextpdf.com/
Money = Sales! At iText Software Corp. we make money since
2009
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1T3XT BVBA, the iText Company http://itextpdf.com/
Sales = Market
0
1000
2000
3000
4000
Visits/Day
0
20000
40000
60000
80000
Unique visitors/Month
iText in Action 1st: 2006 2nd: 2010
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1T3XT BVBA, the iText Company http://itextpdf.com/
Market = Product
Feb 2000 to Present
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1T3XT BVBA, the iText Company http://itextpdf.com/
What about the government?
They talk the talk, but don’t walk the walk
Small companies don’t need subsidies! They need projects & money for value!
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1T3XT BVBA, the iText Company http://itextpdf.com/
The role of a VC?
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1T3XT BVBA, the iText Company http://itextpdf.com/
VC = Leverage! Give me a place to stand and I’ll move the Earth
(Archimed)
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1T3XT BVBA, the iText Company http://itextpdf.com/
Without/with a VC
• 2000: Bruno, the engineer
• 2005: Bruno, the author
• 2006: Bruno, the marketeer
• 2009: Bruno, the business owner
• 2011: Bruno, the all-round entrepreneur
Things could have gone faster if a VC had provided
• A little bit of funding
• A whole lot of leverage
That didn’t happen, so we lost some time. So what?
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1T3XT BVBA, the iText Company http://itextpdf.com/