1. Why Innovation thrives in U.S.

2. Innovation & GDP Growth GDP Innovation => ↑ full potential

3. Raising Money for New Ideas How innovation happens in the USA

4. Innovation & USA Financial Capital is needed to start a new businesses –Without money => ideas can’t become reality Ideas for a new business easily raise money in USA –Google, Apple, Microsoft, Facebook, Bloomenergy etc…

5. Step #1: Start with money from friends, family & fools Typical path to start a Company Step #2: Raises more financial capital from angel investors Step #3: Sell some of business to venture capital firms Step #4: Grow business & launch Initial Public Offering (IPO)

6. Venture Capital Firms (VCs) Investment Funds which “lends” money to select startup companies with high growth potential The VC gives money in exchange for partial ownership –stock options in company VC often has a say in Management

7. IPO’s Transforms a company from private to public –Stock is publicly traded New corporate rules apply –Must report earnings every 3 months –Inside information rules apply

8. Recent IPO’s

9. IPO Company was overvalued 3 rd largest IPO ($16 billion raised) Sold at :104 billion market capitalization 100 PE ratio Zuckerberg owns 24% Company Controls 56% of voting stock

10. New Option: Crowdfunding

11. Movie which follows an actual start of a dot.com company

12. Movie

13. Top 10 Lessons from Movie