VENTURE CAPITAL

Venture Capital
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17 18 VC

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EVCA
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28 . 2843/2000
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2992/2002
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Venture Capital
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VENTURE CAPITAL

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venture capital

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venture capital

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Venture Capital
(Development Capital).

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(Seed Capital).

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(Start Up).

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, marketing
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 Venture Capital
(Early Stage Financing).


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(Turn Around).

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Venture Capitalists.
(Management Buyout Finance).


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Venture Capital
(Management Buy-in Finance).
MBI
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Venture Capital.

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(Bridge Financing). ).


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 Venture Capital

HANDS ON:
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PASSIVE FUNDS (HANDS-OFF):

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REACTIVE FUNDS:
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marketing .

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venture capital,
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Company name

Angel Investor

Business

Investment

Value at Exit

Apple Computer

(Name Witheld
Witheld))

Computer hardware

$91.000

$154 million

Amazon.com

Thomas Alberg

Online bookshop

$100.000

$26 million

Blue Rhino

Andrew Filipowski

Propane cylinder
replacements

$500.000

$24 million

Lifeminders.com

Frans Kok

Internet ee-mail
reminder service

$100.000

$3 million

Body Shop

Ian McGlinn

Body care products

4.000

42 million

ML Laboratories

Kevin Leech

Kidney medical
treatment

50.000

71 million

Matcon

Ivan Semenenko

Bulk containers

15.000

2.5 million

11

 Venture Capital

-venture capital





-
-

12

 Venture capital
( 90%
). . 18%
VC funds.
21% .
.
( 77%
)

(81%
PE)

(marketing effect, .)


VC (90% VC)

EVCA
venture capital

95%

venture capital
60%
venture capital
venture capital
44

EVCA 2003

13

Venture Capital

venture capital 3.4 .
. 6

500
R&D.

Venture Capital

1.000.000
25 2000-2004
420.000 Buyout-financed
630.000 venture-backed

5,4%
8
0,7%
. ,
venture capital 2,7
. , 18%

(EVCA 2005)

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 Venture capital
1990
venture capital
1992 YOSMA FUND
fund of funds


funds

VC funds
14
NASDAQ VC

Venture capital

:

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..

19,3 . ..
92,3% (<10 .)
6,5% ( 10-49 .)
1% ( 50-250 .)
0,2% (> 250 .)

771 .

97,5 % (<10 .)
98% 1-5 .

2,07% ( 11-50 .)
0,43% ( 50-249 .)
:Observatory of European SMEs

16

Venture Capital

2003, 60%
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- ()


70%
.
,

33% ,


( EVCA)

VC % (2003)

17

Venture
Capital
55%

91% venture capital

73%
venture capital
To 47,4% venture capital

33,3% venture capital
/

18


Venture Capital
46% venture capital

45,5% venture capital


58,3%
venture capital

63,6%

45,4%
venture capital

Venture
Capital


venture capital

venture capital,
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Venture Capital

venture capital

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Venture Capitalists
Capitalists,,


..
venture capital

VC
1 :

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2005, Attica Ventures
, 40%
70%
2004.
2006 33%
2005.
3.5
.

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2003
10

3 :

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(, , , ,
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Ubiquti (
high-power WiFi radios), Globetel (
WiMAX
600 $),
ADIEngineering (

) Wireless (
Integrator wireless )

21

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IBM, Intel, Microsoft
..
OTE,
VODAFONE, COSMOTE, FORTHnet, nk, ,
NovaBank , .


2006 9,625
24% 2005.
. 2007 13 .

fund-of-funds, . 2843/2000
150 .
:
25,5 .

19,5 .
105 .
.

105 .

22



2000
venture
capital

Capital Connect Venture Partners (2003)

24 .

Attica Ventures (ZAITECH FUND ) (2004)
30 .

IBG Hellenic Fund II (2004)

17 . o MARFIN
FINANCIAL GROUP .
(2005)
6 .

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(start ups)
& (spin off)

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6
:
INQLAB AE
VELTI A.E.
I-CUBE A.E.

..
THERMI A.E.
..

27

 venture capital
(iVen)
135-137,
210-9550600
www.iven.gr
Capital Connect ....
7, 14564
210 6254063
www.capitalconnect.gr
FINANCE A.E
10 115 23
210 6970 990
www.hvca.gr
ATTICA VENTURES ..
34
210 3637663
www.attica-ventures.gr

venture capital
ALPHA TRUST INNOVATION .....
5-7 &
145 62
http://www.alphatrust.gr/innovation.htm
Capital Connect Venture Partners
7,
210 6254063
http://www.capitalconnect.gr/
InQLab S.A.
40,
210 610 0294
www.inqlab.gr
NBG Venture Capital
12
102 36
210-3319550/60/70/80
http://www.nbgvc.gr/

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 venture capital
Aias Finance
20 &
210 697 0000
http://www.omegabank.gr/theGroup/aiasFinance/
GLOBAL FINANCE A.E.
14, 106 73
.: 7208900, FAX: 7292643
http://www.globalfinance.gr/
.
16-18, 546 25 /
.: 031-540480, FAX: 031-540564

. 12-14, 102 36
.: 3319560, FAX: 3319569
&
. 58, 151 25
.: 6175100, FAX: 6199170

venture capital
VENTURE CAPITAL
4 & . 128, 176 71
.: 9248772, FAX: 9248878

. 64, 151 25
.: 6198770
E-VISION AE
282, 17675
: 210 9478579
FINCO AE
19, 10672
210 3390382, Fax 210 3390364
NOTOS CONSULTANTS
4, 10671
210 3390305, Fax 210 3624337

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 venture capital
i4g
21,
57001
2310 804800
http://www.i4g.gr/
THERMI E
9 .
, , 57 001
2310 489489
http://www.thermokoitida.gr
Vectis Capital
115,
210-6428755
http://www.vectis.gr
ALPHA VENTURES
8, 106 71
.: 3627710, FAX: 3619532
http://www.alpha.gr/

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