Over dinner with a CFO friend last week, I heard Google has a 20/20/20 rule. They like to buy companies that are under 20 people, under $20M revenues, and I forget what the other 20 was. An email I got from Basil today, provided a little more background (his post). Apparently this is a trend with fortune 500 companies, that already have all the marketing might they need, but are cutting R&D costs. They aren't interested in buying market share, they want YOU! They want smart people. If the company you're working on (and in) doesn't work out, they know that smart people are able to parlay the motivation and drive into something new. The unspoken story here is that even though M&A's are heading towards tiny pre-revenue companies, you still need more than a single visionary with an idea on a napkin. You need at least a team and a proof of concept.
Clicking around on Basil's blog also pointed me to this great story about Nexus and Parason including handing handing a paper bag of money to someone to leak information to their competitor that Nexus was up for sale.
Blog for the Centre for Innovation and Entrepreneurship (CIE) at the Australian School of Business (ASB) at the University of New South Wales (UNSW). The CIE inspires innovation and entrepreneurship through its educational programs, competitions, events, and research initiatives.
Showing posts with label investors. Show all posts
Showing posts with label investors. Show all posts
Friday, January 15, 2010
Wednesday, October 14, 2009
Webinar: Seducing business angels
Reposted from email.
Please join us one October 20th for “Seducing Business Angels: The Art of Courting Investors”.
Angel and venture capital is hard to come by. According to some sources, only one pitch in 100 is successful. But equity capital is not your only option.
This session looks at the options available for financing a young tech business. Learn what equity investors are looking for and how you can make the very best case for your business. Also learn how to choose the right investor and negotiate a successful deal (and what to do if you’re not successful).
You can register at: http://www.innovationcentre.ca/events
The session takes place on Tuesday October 20 at 12:00 EDT. Sessions are accessible over a standard web-browser. Attendees will receive access to the Ready, Set, Grow Resource Guide, which captures the content of the series.
There is no cost to attend, but space is limited, so don’t miss it - sign-up now!
The Ready Set Grow webinars are intended as a resource for emerging and established Canadian Technology companies to help them accelerate their growth. Each webinar features recognized subject matter experts and Canadian tech industry executives addressing a broad range of the issues facing growing companies.
The series is being presented by the Canadian Innovation Centre and the Technology Marketing Resource Centre in collaboration with the Canadian Advanced Technology Association (CATA). The Ready Set Grow series is sponsored by Export Development Canada (EDC) and the Business Development Bank of Canada (BDC).
We hope you can join us!
Thank you for your time and please feel free to forward this to others you know who might benefit from attending this event.
Canadian Innovation Centre
519 885 5870
Please join us one October 20th for “Seducing Business Angels: The Art of Courting Investors”.
Angel and venture capital is hard to come by. According to some sources, only one pitch in 100 is successful. But equity capital is not your only option.
This session looks at the options available for financing a young tech business. Learn what equity investors are looking for and how you can make the very best case for your business. Also learn how to choose the right investor and negotiate a successful deal (and what to do if you’re not successful).
You can register at: http://www.innovationcentre.ca/events
The session takes place on Tuesday October 20 at 12:00 EDT. Sessions are accessible over a standard web-browser. Attendees will receive access to the Ready, Set, Grow Resource Guide, which captures the content of the series.
There is no cost to attend, but space is limited, so don’t miss it - sign-up now!
The Ready Set Grow webinars are intended as a resource for emerging and established Canadian Technology companies to help them accelerate their growth. Each webinar features recognized subject matter experts and Canadian tech industry executives addressing a broad range of the issues facing growing companies.
The series is being presented by the Canadian Innovation Centre and the Technology Marketing Resource Centre in collaboration with the Canadian Advanced Technology Association (CATA). The Ready Set Grow series is sponsored by Export Development Canada (EDC) and the Business Development Bank of Canada (BDC).
We hope you can join us!
Thank you for your time and please feel free to forward this to others you know who might benefit from attending this event.
Canadian Innovation Centre
519 885 5870
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