1. © Wim Loncke, September 2001, www.loncke.be The golden egg of Venture Capital Why it works better in recessions, … and how

2. © Wim Loncke, September 2001, www.loncke.be Economic Acceleration  Pressures politics to intervene Political acceleration  Changes employment market drivers Social Acceleration  Search for different investment opportunities with higher return potential.  Recession drives money away from traditional industry, banking and stock market, Why Fund Ventures?

3. © Wim Loncke, September 2001, www.loncke.be Economic Acceleration Political acceleration Social Acceleration  Unemployment increases employment risk taking,  and changes reward expectations Who’s Mad Enough?

4. © Wim Loncke, September 2001, www.loncke.be Economic Acceleration Political acceleration Social Acceleration  Politics seeks ways to push industry innovation,  and increased employment Who’s Pushing?

5. © Wim Loncke, September 2001, www.loncke.be Economic Acceleration Political acceleration Social Acceleration  Capital is organized in Funds Funds&Venture Capital  Acceleration happens through new ventures New Ventures  But how does it all connect? Who’s It Funded?

6. © Wim Loncke, September 2001, www.loncke.be Business Services Economic Acceleration Political acceleration Social Acceleration Venture Coaching New Ventures Funds&Venture Capital  Venture coaching secures investment  Ensures economic connect  Creates and monitors the business ecosystem network  Business service providers help the acceleration,  And keep ventures focused on core business How It Connects

7. © Wim Loncke, September 2001, www.loncke.be Business Services Economic Acceleration Political acceleration Social Acceleration Venture Coaching New Ventures Funds&Venture Capital  And there’s a vehicle to satisfy the need  There’s a need to build new ventures Feed the Need

8. © Wim Loncke, September 2001, www.loncke.be Business Services Economic Acceleration Political acceleration Social Acceleration Venture Coaching New Ventures Funds&Venture Capital 2. Vision and focus 1. Human Capital 3. Monetary Capital 4. Support and drive Cornerstones

9. © Wim Loncke, September 2001, www.loncke.be Lessons to be Learned  Recession is a high opportunity period.  Money’s available,  People are available,  All are ready to take risks.  Manage the ecosystem rather than the client or the capital.  Expand vision and scope to the big picture.  Fuel the ecosystem rather than private interest.  Split the need and the feed.  There’s offer and demand. You cannot represent both.  Split the vision and the support.  Avoid conflict of interest.