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VC - open for collaboration

yoavtz's picture
Submitted by yoavtz on Mon, 2012-05-14 12:34

Hi,

I am a partner at JVP (www.jvpvc.com), one of the leading European VCs.

We have close to $1Bn under management and are actively investing in digital media initiatives.

Some of our recent notable tranasctions included the sale of XtremeIO to EMC, IPO of Qliktech (NASDAQ:QLIK), and sale of Navajo to SalesForce.

We have more than 30 portfolio companies in various spaces including online video, advertising, social networking, video games, media platforms, enterprise software, cyber-security and more.

We are looking for engage in various initiatives with consortiums and companies alike.

Thanks,

Yoav

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1 user has voted.

Comments

AxelS's picture
Submitted by AxelS on Mon, 2012-05-14 13:27

Hi Yoav
Sounds you have an impressive track record of investing and selling companies. In the US, in particular Silicon Valley, over the past years VCs created a very negative image of themselves so that entrepreneurs avoid working with VCs whenever possible.

The reason being that VCs
- Replace the founder CEO in 80% of the cases during their investment
- Take rather quickly more than 50% ownership in the companies and reduce the ownership of the entrepreneurs beyond what is appropriate in consecutive rounds
- Have liquidation preferences that most entrepreneurs don't quite understand when they do their first rounds.

I wonder what the ownership ratio founders versus VCs was when you sold the companies you mentioned.
I.e. founders and team owned X% at exit and investors owned Y% at exit. In particular he ones you mentioned XtremeIO, Qliktech and Navajo.

Thank you

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griff's picture
Submitted by griff on Mon, 2012-05-14 18:00

Hi Yoavtz, I have a slightly less jaded view of VCs than the above! I know just as many start ups who have constructive relationships with their VCs. After all many VC people are ex entrepreneurs themselves.

However, this view is widespread and couples with many European politicians talking down the financial sector in a way that just doesn't happen in the US (remember this doesn't stop the US being extremely firm with banks - Spitzer, Sarbanes Oxley, and potentially more from the Volker ruling).

You say you are looking to engage, please do so now, here. What are the barriers to your investments doing better, faster, in the EU? Why is the tech sector so small in Europe? Start a new discussion on the topic or continue to post here.

Meanwhile, interesting related article from another VC in the Financial Times this weekend which I think just scratches the surface on the topic:

http://www.ft.com/cms/s/0/d9055dc8-856a-11e1-a394-00144feab49a.html#axzz...

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aserocarmela's picture
Submitted by aserocarmela on Mon, 2012-05-14 22:58

Actually, the EU would like to favour Venture Capital activity in Europe to support ICT businesses as well as other high innovative start-ups. VCs could have a key role in filling the gap within Research activity funded by EU grants and market exploitation of new technologies and services. We are interesting in having your views in what it is still missing and how could EU policy foster Europe wide investment activities by VCs thus fostering growth of European based companies able to compete globally.

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Mareelge's picture
Submitted by Mareelge on Tue, 2012-05-22 10:17

I've learned that both EU subsidies and European Venture Capital only supports already succesful companies. If you"ve got a Million, you can easily find another one to finance further growth. But the number of startups with interesting ideas that have moved to the US to get their enterprise from the ground is getting embarassing for the EU. Best known (but not only) example is Drupal, invented in Belgium and now a multinational with its HQ in Boston USA. But to support those startups there has to be a willingness to take a real risk, which seems quite rare in the EU.

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