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NVCA Member Spotlight: IU Ventures

Welcome to our Member Spotlight series where we give a profile overview of our many diverse members. For this deep dive, we spoke to Teri Willey, Executive Director of IU Ventures, and Samantha Ginther, Senior Associate & Head of Platform for IU Ventures. Tell us about your firm. What makes it different? IU Ventures is […]

The post NVCA Member Spotlight: IU Ventures appeared first on National Venture Capital Association – NVCA.

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Welcome to our Member Spotlight series where we give a profile overview of our many diverse members. For this deep dive, we spoke to Teri Willey, Executive Director of IU Ventures, and Samantha Ginther, Senior Associate & Head of Platform for IU Ventures.

Teri Willey

Samantha Ginther

Tell us about your firm. What makes it different?

IU Ventures is a 501(c)(3) non-profit affiliate of Indiana University (IU). Our mission is to provide a compelling way for alumni, faculty, students and friends of IU to help write the next chapter of the IU success story via their investment in and involvement with IU-affiliated ventures. The IU Philanthropic Venture Fund was established in 2018 with an initial $11M pool of donated capital to invest as a traditional venture fund into IU companies led or founded by IU alumni or faculty members or companies licensing technology from IU. Any equity realizations are returned to the fund, with the ultimate goal of growing the fund to $50M and creating a perpetual resource for IU entrepreneurs. The IU Angel Network was then established in 2019 as a result of potential donors’ desires to also invest their personal capital directly into the companies for a potential return. We also manage the portfolio of an earlier fund, the Innovate Indiana Fund, established in 2010. We operate as a traditional venture firm and angel network by sourcing and investing in early-stage, high-potential companies. We’re different in that everything we do is connected to IU with the intent to further innovation and entrepreneurship within and beyond the walls of the university, increasing IU’s impact on the country and world at large.

Where did your firm’s name come from?

We recently rebranded from IU Research & Technology Corporation to IU Ventures as a result of establishing the IU Philanthropic Venture Fund and the IU Angel Network over the past two years. These two new initiatives changed the scope of work we do, and IU Ventures more accurately and succinctly represents our mission.

What defines your portfolio?

Our portfolio across funds and the angel network is industry agnostic, but the majority of our investments have been in B2B SaaS companies. About one third of our portfolio is comprised of life science companies as a result of IU campuses attracting world-renowned faculty and having one of the largest medical schools in the country. Nearly all our investments have been early stage seed or series A rounds with plans to follow our initial investments in our most promising portfolio companies as they continue to grow.

How is the firm different today than when you first started?

Up until a few years ago, our organization also managed tech transfer for Indiana University. When that department moved back to the university under its research arm, we were managing the Innovate Indiana Fund (established in 2010) and actively investing from that fund. Near the end of that fund’s lifecycle, we laid the groundwork for the IU Philanthropic Venture Fund and the IU Angel Network.

IU Ventures Team

Why is your firm a part of NVCA? 

As a small team, we are eager to take advantage of resources available to us and NVCA offers a wide range of educational and networking resources that we reference and engage with often. Networking is particularly important to us because syndication is vital to the success of our programs and portfolio. Without industry experts and high-quality syndicate partners, we wouldn’t be able to invest in a wide variety of industries with much success. We also manage a growing portfolio, and NVCA helps us manage appropriately by sharing best practices from other firms.

Tell us about the current VC landscape in your geography/region.

We have made investments coast to coast, but proximity has kept the majority of our investments here in Indiana. IU has the second largest living alumni base, so our network has expanded considerably as we’ve reengaged alumni who are spread out across the country. Our team is based in Bloomington, which has a rich and growing entrepreneur community. Bloomington’s proximity to Indianapolis and IU’s nine campuses make it easy for us to connect with startups, venture firms, and industry experts all over the state. Indianapolis has been recognized as a tech hub with a growing VC landscape, a sort of hidden gem within the Midwest which has also seen substantial growth in the startup and venture ecosystem over the last decade.

What’s ahead for your firm in 2020?

2020 has certainly brought some unexpected changes, many of which have actually turned out to bring positive results. Our angel network started viewing live pitches in February, and since then four companies have received funding from members of the network, totaling almost $400,000. When we were laying the ground for the network in 2019, we never would have predicted that we’d complete four deals during a pandemic in 2020. As for the IU Philanthropic Venture Fund, our strategic plan was already to focus our efforts on managing our current portfolio and begin sourcing donors, so the pandemic only strengthened the need for those two areas of focus. Several of our portfolio companies have also been able to leverage new and expanded opportunities within their businesses to help combat effects of the pandemic in their respective industries. Looking ahead to the rest of the year, we hope to continue growing membership for the IU Angel Network, sourcing high quality companies that we believe will lead to successful deals for members of the network, and further develop promising relationships with minority-focused philanthropy circles to support minority-led companies through investments from the IU Philanthropic Venture Fund.

Describe your firm’s culture in 5 words or less.

Enthusiastic, helpful, optimistic, and proud Hoosiers!

Source: https://nvca.org/nvca-member-spotlight-iu-ventures/

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Private Equity

20VC: Sequoia’s Roelof Botha on His Biggest Lessons Working Alongside Don Valentine, Mike Moritz and Doug Leone, Leading Sequoia’s US Business and What Sequoia Do To Retain Their Edge at the Top & The Crucible Moments That Define Startup Success

Roleof Botha is a Partner @ Sequoia Capital, one of the world’s leading venture firms with a portfolio including the likes of Airbnb, Instacart, Stripe, UiPath, Zoom, the list goes on. As for Roelof, at Sequoia he has led rounds into the likes of YouTube, Instagram, Eventbrite, Square, MongoDB, 23andMe and Unity Technologies to name a few. Before joining the

The post 20VC: Sequoia’s Roelof Botha on His Biggest Lessons Working Alongside Don Valentine, Mike Moritz and Doug Leone, Leading Sequoia’s US Business and What Sequoia Do To Retain Their Edge at the Top & The Crucible Moments That Define Startup Success appeared first on The Twenty Minute VC.

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Roleof Botha is a Partner @ Sequoia Capital, one of the world’s leading venture firms with a portfolio including the likes of Airbnb, Instacart, Stripe, UiPath, Zoom, the list goes on. As for Roelof, at Sequoia he has led rounds into the likes of YouTube, Instagram, Eventbrite, Square, MongoDB, 23andMe and Unity Technologies to name a few. Before joining the world of venture, Roelof was the CFO @ Paypal playing a key role in their hyper-growth from 2000-2003.

CLICK TO LISTEN ON ITUNES

In Today’s Episode You Will Learn:

1.) How did Roelof go from actuary in South Africa to CFO @ Paypal? What were his biggest lessons from seeing Paypal burn $10M per month? How did Paypal lead to his joining Sequoia as a Partner?

2.) Market Evaluation: Does Roelof agree that the market is crazy today? How does today compare to prior vintages? How does Roelof assess the compression of fundraising timelines? With compressed timelines, how does he build relationships of trust with founders?

3.) Founder Evaluation: What were Roelof’s lessons on founder assessment from Don Valentine? What matrix did Don teach Roelof to assess founders on? How does Roelof feel about the rise of competitive rounds? When should founders take them vs remain heads down on execution?

4.) Investment Mentality: How did Roelof prevent becoming too confident when early investments went well? How does Roelof prevent relying on past failures as a reason for turning down opportunities today? What can investors do to retain a very flexible mind? Why does Roelof believe you are only as good as your next investment?

5.) Sequoia’s Edge: How does Roloef think about what it takes for Sequoia to retain it’s edge at the top? How does Roloef measure the success of the Sequoia scout program? How did they structure it? How has the structure changed? What do they plan to do moving forward?

6.) Board Membership: How would Roloef evaluate his current style of board membership? How has that style changed over time? What elements did he find challenging? What advice would Roelof give to new board members adopting their first board seats?

Items Mentioned In Today’s Show:

Roelof’s Favourite Book: Man’s Search For Meaning

Roelof’s Most Recent Investment: mmhmm

As always you can follow Harry and The Twenty Minute VC on Twitter here!

Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.

Source: https://thetwentyminutevc.com/roelofbotha/

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Private Equity

Private equity investor Centerbridge Partners backs Syncapay’s acquisition of Wirecard North America

From: FinTech Global Syncapay has announced that it has bought Wirecard North America, marking another page in the story of the collapse of the scandal-ridden former FinTech giant. Wirecard imploded this summer after a suspected multi-billion dollar fraud was unearthed. Since then the company, which was once hailed as one of Germany’s biggest FinTech success […]

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From: FinTech Global
Syncapay has announced that it has bought Wirecard North America, marking another page in the story

Source: https://www.altassets.net/private-equity-news/by-news-type/deal-news/private-equity-investor-centerbridge-partners-backs-syncapays-acquisition-of-wirecard-north-america.html

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Private Equity

Gulf Capital backs CWB as part of $60mln IP platform build

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The post Gulf Capital backs CWB as part of mln IP platform build first appeared on https://africacapitaldigest.com.

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