We have built a disciplined investment process that is at the core to our success.
Ian is usually the lead investor. He will negotiate terms and structure the deal.
Deal sourcing is critical to our process.
We receive up to 1000 business plans each year, mainly proprietary,
coming from a reputation built over years as added-value investors.
Most business plans have gone through a first filter,
typically someone in MCC’s eco-system.
Ian is a regular speaker at venture capital and start up conferences around the world. In 2018, Ian was a keynote at conferences in NY, Dubai, Moscow, HK, Moscow and Monaco, with a talk entitled “The Valley of Death Funding Gap: An Opportunity for Super Angels to Fund the Best Startups Around the World”.
Ian is on the board of the European Business Angels Network (EBAN), the pan-European trade association for business angels and early stage investors, regrouping close to 30,000 business angels in 59 countries. Monte Carlo Capital won the award of the best performing new member when the group joined EBAN. Ian is also a board member of the Monaco Venture Capital Association (MVCA).
Ian lectures the Venture Capital and Entrepreneurial Finance class to MBA and MSc in Finance at the University of Monaco, and in 2018 alone has given talks at business schools and colleges in NY (St Francis), France (EDHEC) and Moscow (Skolkovo).
A first filter is applied to the business plans received:
We like businesses backed by strong intellectual property, solving big problems (eg Artificial Intelligence, Robotics, Big Data, Internet of Things, Medical Devices, Biotech, etc).
We want to see a clear path to exit within 3-5 years.
We also invest in businesses looking to disrupt an industry (eg FinTech, E-Commerce, etc).
We prefer to make our first investment at seed/late seed with investment of EUR/USD 500K-1.5Mio.
We prefer to invest once proof of concept has been made.
We like to lead a financing (but occasionally co-invest) and often lead follow-ons too.
We target a minimum upside of 20X on our investments when we first invest. Potential exit in the 100s of Millions.
We want to see a clear business plan and detailed financial model.
Working With Our Portfolio Companies
When we are lead investors, we usually appoint someone on the board or advisory board of the company.
We work very closely with all our portfolio companies: helping define the corporate, client, marketing, and financial strategy, introducing clients, bringing in advisors, helping with manufacturing, etc. Our co-investors and advisors are based in various parts of the world and also open doors for our portfolio companies.
Deep Dive Due Diligence
Due diligence is, alongside deal sourcing, the most important driver of return. Various advisors are called on during the process.
We spend a lot of time speaking with the founders and key members, going through the strategy and financial plans, looking at competition, licensing agreements (for university spin-offs), corporate structure, etc.