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SPEF - GROUPE BANQUES POPULAIRES. DEVELOPMENT PHASES OF A START-UP From Birth to Maturity. Valérie Gombart. SPEF - GROUPE BANQUES POPULAIRES. SPEF. Investment Bank of the « Groupe Banques Populaires » Mergers and Acquisitions Venture Capital, LBO, MBO, MBI …
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SPEF - GROUPE BANQUES POPULAIRES DEVELOPMENT PHASES OF A START-UPFrom Birth to Maturity Valérie Gombart
SPEF - GROUPE BANQUES POPULAIRES SPEF • Investment Bank of the « Groupe Banques Populaires » • Mergers and Acquisitions • Venture Capital, LBO, MBO, MBI … • 430 USD millions under management, half of which is dedicated to start-up
SPEF Pre-IPO European Fund 25 M USD SPEF e-Fund 100 M USD SPEF - GROUPE BANQUES POPULAIRES Development Stages Growth NATEXIS Capital Banque Populaire Innovation 70 M USD Banque Populaire Création 10 M USD Time
SPEF - GROUPE BANQUES POPULAIRES Early Stage : It’s time to ... • Get your seed money from friends & family versus VC • Think patents (offensive and defensive moves) • Do not neglect your Marketing Strategy (competitive advantage, market segmentation, choice of focus …), while developing your product • Example from SPEF Portfolio : www.nexgen-software.fr
SPEF - GROUPE BANQUES POPULAIRES Take-off : It’s time to ... • Stop improving your product : sell it! • Build your dream team & be prepared to share power (focus on sales force) • Raise money from VC : choose them! • Example from SPEF Portfolio : www.takasic.com
SPEF - GROUPE BANQUES POPULAIRES Pre-IPO : It’s time to ... • Think world-wide expansion • Structure your management team (financial department…) • Work on Public Relations (towards clients but also financial institutions and analysts) • Example from SPEF Portfolio : www.memscap.com