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Michelle E. Messina, CEO Explora International [email protected] Tel: +1 408.981.4801 @memessina Silicon Valley Ecosystem & the Fundraising Process

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Page 1: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Michelle E. Messina, CEOExplora [email protected]: +1 408.981.4801@memessina

Silicon Valley Ecosystem

& the Fundraising Process

Page 2: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Uniquely Organized to Support Startups

Page 3: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Change is Constant

Page 4: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Startups Need Lots of Help

Page 5: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Help can be More Important than Money

Page 6: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Nestgsv diagram

Page 7: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Entrepreneur = Super Hero + Risk Taker

Page 8: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

The Standard is Really, Really High

Page 9: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

40% of US Venture Capital in California or ~$20B USD

Page 10: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Socialize Your Ideas to Improve it

Page 11: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Be Transparent. Within Reason.

Page 12: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Listen to Everyone. Follow No One.

Page 13: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Ideas Are Cheap. Execution is Priceless.

Page 14: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Diverse Teams = Better Companies

Page 15: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Female Economic Power

Page 16: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Comfort with Extreme Uncertainty

Page 17: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Organize for Speed and Intensity

Page 18: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Be Global. From Day 1.

Page 19: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon
Page 20: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon
Page 21: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Watch for Repeating Patterns

Page 22: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Can the Company Scale?

Page 23: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Go Big or Go Home

Page 24: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Fail Early. To Succeed Sooner

Page 25: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

It Takes a Long Time to Build Value

Page 26: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Driving Experience Required

Page 27: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Serendipity & Luck Have a Role, too!

Page 28: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Gravity is in Full Effect

Page 29: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Fear is both Natural and a Catalyst

Page 30: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Paralysis in not Natural

Page 31: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Pay it Forward

Page 32: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

US “Presence” Required If Seeking US Funds

Page 33: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

VC’s WILL Have Say

Page 34: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Funding in 18-24 Month Chunks

Page 35: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

VC’s Pan for Gold

Page 36: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

What Investors Look For

Page 37: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Compelling Story

Page 38: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Low or Manageable Risk

Page 39: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

It’s Not the Technology; It’s About the

Page 40: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Market Validation

Page 41: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Great Extended Team

Page 42: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Your Credibility

Page 43: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Timing

Page 44: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Momentum

Page 45: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Patterns

Page 46: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Milestones

Page 47: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Build Value

Page 48: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Fundraising is Fulltime Job

Page 49: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Fundraising Tools

Page 50: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

The 10 Slides

Page 51: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Contact Information

Page 52: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Problem

Page 53: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon
Page 54: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Who is My Customer?

Page 55: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Distribution And Support

Page 56: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Business Model

Page 57: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Who are the Competitors and How are You Different?

Page 58: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Execution over the Idea

Page 59: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

What are the Milestones?

Page 60: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon
Page 61: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

1. Cover slide Company info—name, contact, email

2. Problem Customer’s problem—in economic terms

3. Solution Your solution: how & why it works, the value to customer

4. Market Who the market is & how large it is

5. Distribution How do you sell? Direct, channels, service, support

6. Business Model How do you make money?

7. Competition Who else solves problem & how they compare against you

8. Team Key players, relevant background, why you are the right team

9. Milestones What financeable results $ will you achieve

10. Financials How big, how fast, cash needed, key assumptions

The 10 Slide Presentation

Page 62: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Raising Capital

Top Ten List

Page 63: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Not About Product or Technology

Page 64: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Easier to Raise $ When its Not Need

Page 65: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Tell a Compelling Story

Page 66: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Know Your Audience

Page 67: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Mark Twain Said, “If I had more time I would have written a shorter letter.”

Page 68: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon
Page 69: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Milestones

Page 70: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Not About Numbers. It’s about Assumptions

Page 71: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Find Points of Leverage

Page 72: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

It is a Very, Very Small World

Page 73: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

3 Most Important Rules

Of Fundraising

Page 74: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon
Page 75: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Don’t Run out of Money

Page 76: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon
Page 77: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Do Something That Matters

Page 78: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Now….Enjoy the Journey

Page 79: Michelle E. Messina, CEO Explora International mmessina@explorainternational.com Tel: +1 408.981.4801 @memessina mmessina@explorainternational.com Silicon

Michelle E. Messina, CEO

[email protected]: +1 408.981.4801

Skype: michellemessinaTwitter @memessina