Coffee & Capital with Kevin Leonard @ Quorum

What: Coffee & Capital with Kevin Leonard

When : May 16, 2017 (800-930am)

Where: Quorum, University City Science Center

Who: Kevin Leonard from MissionOG

Kevin is a former corporate banker with experience managing relationships with $1 billion+ revenue clients across the consumer and retail, technology, media and telecom and industrials industries. At MissionOG, Kevin is responsible for tracking overall fund and individual portfolio company performance, spearheading the due diligence process on potential investments, building awareness and delivering insights internally on target markets, and discovering new prospective companies for potential investment.

Have corporate banking experience before

VC was established in 2012 with USD$50 million

3 partners on the firm

Invest in B2B technology company- software

Chairman is well known in banking and finance sector

Partner is well experience in banking and finance sector.

The first investment come through our partner network.

We do have submissions from firms

What is the add value you can offer.

We have 500 firms application, 150 go through second screening, 10-15 get in-depth analysis and 4-5 get the investment.

Is it the right industry? Is it the right business?

We are looking for a longer relationship

What is the problem you are solving for?

Your business --> Nice to have or need to have?

Is it a great solution? (your business)

Who is your competitors in the market?

How about your teamwork? Team is very important.

Not just your great ideas, how to maximize return (from investor perspective).

Get a return within 5-6 years.

CEO needs to acknowledge the area that he/she is not familiar too.

Philadelphia has a good ecosystem, there is a lot of great talents in Philadelphia, great for a start-up company, between DC and NY & Boston, its moving in right direction.

We have companies invested in Philadelphia (4 companies), Atlanta, Ohio, London...

We're just looking for the best deal.

We want to see you being successful in making revenues, getting customer, one full cycle...

...is helping your portfolio companies grow, what we can do to assist you to grow.

What can be great about them, how they different...

Ben Franklin is a great resource for the region...

Having a real value proposition that you are creating is very-very important.

Team, market, the problem are the important things.

We can give you feedback on your business, do you need to raise to VC, what else you can do...

Three important things to start a VC --> Great value, money and customer.