Coffee & Capital with Brett Topche, MentorTech Ventures
WHEN: May 17, 8:00 – 10:00 am
WHERE: Quorum, University Science Center, 8th floor, 3711 Market Street
Brett Topche is the Managing Director of MentorTech Ventures, a privately owned and operated, seed- and early-stage venture capital fund. They primarily focus on investments in the information technology, marketing technology, and physical sciences industries. Brett has more than a decade of venture capital and private equity experience and has spent much of his career focusing on investments in ecommerce, digital media, mobile applications, marketing technologies and B2B software. Brett represents MentorTech on the Boards of Directors of Cloudmine and PayPerks and has served on several boards including Wanderfly, Curalate, Quad Learning and TicketLeap.
Questions? Contact Jennifer Cook at eventsintern@sciencecenter.org
Learn more and register: http://sciencecenter.cal.
Brett Topche
Invested companies run by student and alumni of UPenn
Since 2005
Has been with VC since 2002, 14 years, see the down cycle and up cycle of VC
Expected financial performance in Philadelphia investment market?
More revenue generation first in Philly
It's not a number, or magic number
Something possible to monetize
Now, everyone is allowed to invest in start-up, USD100 minimum (Title 3)
As investor, why am I seeing this opportunity?
Full time member of the team
Who are the decision maker of the company
Not looking for passive director
95% VC get out of the company as everyone does
Some secondary buyers are buying the selling company
You can force the company to buy you out
Never see redemption happened
Frequent mistake of pitching --> anything dishonest
Don't restrict yourself to the investor in Philly, go to New York, Boston, Silicon Valley etc.
"26% of Philadelphia are homelessness" --> mentioned by one of the participant.
One participant explained about business opportunity for 'short place to stay' at night for USD$10-USD$15 (need to google WeWork).
Real estate investment is a very difficult business to invest (different state's law).
What kind of profit can you make?
Pitching conference --> Angels have so many pitching, can't absorb so many companies
Get to a network of ventures
Skills set coverage is important in team
Ability to tell the story --> A good pitch
Somewhere there must be a revenue plan (on your business)
As long as the salary is reasonable, it should be OK. In IT/high tech you have to pay more
On finance
More worries on breakdown the cost
As long as you make reasonable assumptions (how you use money)
Do not use discounted cash flow in your Financial Plan
Look for Multiple Analysis (if you have good revenue)
Be worry to have taken the highest number
Most companies looking for another investment in the future
Education Accelerator Program in Philadelphia for 'education business'
Searching the right accelerator program/investor for your proposal
In Philly, most companies raised USD$700K - USD$1 million for seed stage.
Robin Hood Ventures, Jump Start, Delaware Crossing, Investor Circle--> Angels Investors in this area
Can you build business ten times, twenty times bigger? (not ordinary business) (From Angels/VC perspective)
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