Venture Capital for the Regions Enterprise Equity Venture

Venture Capital for the Regions Enterprise Equity Venture Capital Group David Cooke 17 th October 2005 www. enterpriseequity. ie Enterprise Equity Venture Capital Group

Current Investing Territory (ROI) Enterprise Equity Venture Capital Group

Offices Dundalk Galway Cork Belfast (sister company) Enterprise Equity Venture Capital Group

What are we looking for (1)? • High-growth market potential • Ambitious business plan (usually involves international expansion/sales) • Credible management team • Defensible business in the long run Enterprise Equity Venture Capital Group

What are we looking for (2)? • A minority stake in your business • An “exit” in 3 to 7 years • A strong financial return from our investment Enterprise Equity Venture Capital Group

What you need to do (1) • Assemble a team • Think how the idea can be monetised • Concentrate on making it a defensible business in the long run • Spend time talking to potential customers before writing the plan Enterprise Equity Venture Capital Group

What you need to do (2) • Verify that a ready market exists for the product or service you are launching. “Creating” new markets can work but rarely • Write a business plan showing (realistic) sales projections and maximum funding requirement Enterprise Equity Venture Capital Group

How can we help? • We have been investing in companies since 1987 (experience) • Generally take a board seat • Networks Enterprise Equity Venture Capital Group

Enterprise Equity Funds € 15 million fund -> Focus on early stage companies requiring € 500 K - € 1 million € 7 million Fund -> Focus on Seed Companies requiring € 100 K - € 250 K at the start-up stage Enterprise Equity Venture Capital Group

Enterprise Equity Funds • Both funds are at an early stage so we are actively looking for good investments • Often work with Enterprise Ireland as matching “private” finance Enterprise Equity Venture Capital Group

Enterprise Equity Investment Fund Ltd Current “Media” Portfolio Metamusic (Seed Fund) Software for generating music automatically for program makers and film makers. The Value Proposition is the saving on the high cost of music composition and the difficulty in finding composers. O’h. Eocha Design (Seed Fund) Wireless Speaker manufacturer based in Galway. Selling proposition is high design element, wireless technology lead and audio quality Enterprise Equity Venture Capital Group

Conclusion • Venture Capital is only suitable for certain types of company • A lot of finance is available for the right ideas Enterprise Equity Venture Capital Group

Questions? Enterprise Equity Venture Capital Group