Jul 9, 2019 | Techcelerate Ventures |
The Current State of Manchester’s Tech Startup Ecosystem 2019 July 9 Manoj Ranaweera, Founder & CEO firstname.lastname@example.org +44 7769734491 freegoogleslidestemplates.com FGST Catching the startup rocket! 2 Sep 2004 Sep 2004 Due diligence Oct 2004 First startup Nov 2004 Shut down first startup Dec 2006 Morahan International MBA 2011 2009 2014 2013 2007 2006 Techcelerate History (2006 to 2013) IoD Oxford Road Northern Startup 2.0 Manchester, Liverpool, Leeds & Sheffield OpenCoffee Celebrating Tech Entrepreneurship in style Northern Tech Awards GP Bullhound acquires Northern Tech Awards ACQUISITION Access to Knowledge, Channels, Investment and Talent 100+ Events 2006 - 2013: 2,300 tech entrepreneurs + senior managers of tech companies + investors + dealmakers + service providers + academia From San Francisco to Shanghai Tech Centre Manchester Manoj shutdowns his first fintech startup Tech Mission London 2006 - 2013 2012 - 2018 11.01.XX 2018 - Present Manchester Tech Startup Ecosystem Builders 2015 - Present 2015 - 2017 2014 - Present 2017 - Present 2017 - Present 2019 Present FemaleTechFounder Night Suppliers Tech Companies Investors Deal Makers Specialists (domain & sector) Deep Knowledge Competition Ingredients of a successful tech startup ecosystem Top North West Deals 2018 vs 2019 H1 Excluding share placements 2018: £137.70 2019 H1: £136.38 2018: 43 deals 2019 H1: 38 deals Matillion 27.49 Wejo 19.40 Qunit Group 16.50 Sorted Holdings 15 MissGroup 13.00 13.29% of UK investment in H1 after adding back £770m revolving credit facility of The Hut Group (UK total investment, £6.8 bn, over 100% of 2018) SEED GROWTH ACQUISITIONS ACQUIRED IPO 01 02 03 04 05 Seed Family, Friends & Fools (FFF) Accelerator Pre-Seed Seed Seed Follow On Growth Pre-Series A Series A Series A Follow On Pre-Series B Series B Series B Follow On Pre-Series C Acquisition Series C Series C Follow On Pre-Series D Series D Series D Follow On Acquired IPO Pre-IPO IPO Share Placings 01 02 03 04 05 Early Stages ARR gone past £1m with MRR above £100k Growth Stage (start) Growth P/S fit MVP Idea P/M fit Product has early users/customers and exploring early customer acquisition channels Problem/ Solution Fit Product being built or launched recently Minimum Viable Product (MVP) Validating the idea (prototyping) Idea Stage Product has paying customers with growing MRR Product / Market Fit 10 Tech Startups Investors PartnersSpecialists trt s Sponsors Mature Tech Companies Wider Network Facilitate building their brand awareness Sponsors Acquisitions as well as technology push Mature Tech Companies Those who are yet to fully tap into Techcelerate Wider Network (589) Removes the need to hire full time senior talent Specialists (8) Outsource from product development to sales Partners (7) Ensures capital adequacy Investors (8 Angels) Helping them to accelerate including raising investment Tech Companies (9) Product Your Extended Team Customers Finance & Legal ● Amila (RedLabs, VoiceIQ) ● Mahen (RedLabs) ● Manoj (ebdex, edocr, UnifiedVU, Deal Lite) ● Joan - Growth marketing ● Ian - Sales development ● Stewart - Channel development ● Manoj - Business development ● Andy - (IP Rich) Commercialisation ● David - part time CFO ● Michael - Accountancy (Crowe) ● Chris - Accountancy (SQK) ● Will - Legal (Brabners) ● Manoj - Fundraising and investor relations Sector ● Philip - Healthcare ● Robert - Telecom ● Manoj - Business software ● Charlie - Blockchain Helping with £100m revenue potential #SaaS #Fintech #HealthTech #MarketPlaces Working with founder teams to accelerate growth until exit £150k to £5m fundraises Manoj Ranaweera, Founder email@example.com +44 7769734491
Presentation given at Business Value Creation event in Manchester on 9th July 2019 organised by Sunfish in affiliation with August Equity.
Tech Investment and Growth Advisory for Series A in the UK, operating in £150k to £5m investment market, working with #SaaS #FinTech #HealthTech #MarketPlaces and #PropTech companies.