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Flatiron Partners Presentation to MIT Spring 2001 Bob Greene Managing General Partner Flatiron Partners [email protected] 257 Park Avenue South, 15 th Floor, NYC 10010 212-228-3800. Overview. Who is Flatiron Partners Investment Philosophy Flatiron Portfolio - PowerPoint PPT PresentationTRANSCRIPT
Flatiron Partners
Presentation to MIT
Spring 2001
Bob GreeneManaging General Partner
Flatiron [email protected]
257 Park Avenue South, 15th Floor, NYC 10010212-228-3800
Overview
Who is Flatiron Partners Investment Philosophy Flatiron Portfolio How we work with Companies The Market Today
What Is Flatiron Partners?
One of the leading technology venture capital firms in New York
Founded in August 1996 Focused on early and mid-stage,
information technology companies Investment range $1 to $50 million
What Is Flatiron Partners? 1996 fund capitalized at $150 million with
two investors: JP Morgan Partners (JPMP) and SOFTBANK Technology Ventures
Current fund capitalized at $500 million with JPMP as sole active LP
Our Partner:JPMP
A global private equity organization with approximately $24 billion under management whose sole limited partner is The JP Morgan Chase Corporation.Since 1984, has closed more than 1,500 individual transactions. One of the largest most active private equity groups in the world.
Flatiron Partners – the People
Ten Investment professionals
Diverse backgrounds
Decades of VC, technology, Internet and media experience
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Our Philosophy Invest in services, infrastructure/technology and
content Domestic, International Pervasive Computing
Generally, invest at an early stage As often as possible, invest locally Work closely with management Use the strengths of partner: JPMP
Transactions - Content Geocities Starmedia Network TheStreet.com Gamesville.com Onlinepartners - gay.com Powerful Media – [Inside.com] Urban Box Office (UBO) The Industry Standard The New York Times Digital
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Transactions – Services Multex.com ITXC iXL Enterprises Mainspring Comscore Acurian Electron Economy Return Path
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Transactions–Infrastructure/Technology
Resonate IbiquityReciprocalPortal PlayerAppGenesisEshare Technologies
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Transactions – International Starmedia Network Sina.com sportsya Patagon Submarino Mercado Libra Viajo
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The Venture Capitalist’s Role … according to Flatiron
We buy a part of the Company
We are Owners
We are on the Board of Directors
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The Venture Capitalist’s Role … according to Flatiron
We become Partners with the founders and management
We think like Owners
We help with …Strategy, Recruiting, Raising money, Opening doors, High level sales intros, Going public, Merging, etc
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An Analogy – A VC is a Producer
A VC is like a Movie Producer
We help find money, people, bankers, clients, the Board, etc.
To Management, we are …friend, foe, shrink, cheerleader, teacher, idiot, partner.
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The Market Today
To many questionable ideas funded the last few years
Portfolio Triage
Support or Euthanasia
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The Market Today
Hard to put together financings
Investors focused on their portfolios
Valuations down – a buyers market
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