São Paulo - In a short time, the Obama family will pack up and leave the official residence of the American presidency. How good comedian is, Barack Obama has taken advantage of the chance to talk about the situation. "You may have heard someone jumped the fence of the White House last week, but I have to give credit to the Secret Service - they found Michelle, brought her back and now she's at home," he joked recently. "In a few months, dear."
The transition of the presidency to civilian life is one of the most fascinating aspects of American citizens, and the future of Obama, a passionate advocate for technology and innovation, has aroused a special interest in Silicon Valley, California (one of the largest technological poles the world with a highly entrepreneurial culture, on which the portal in Practice has written previously).
All thanks to interview Bloomberg Businessweek magazine, the president spoke briefly about his possible plans: "The conversations I have with people in Silicon Valley and venture capital [venture capital] combine my interests in science and business very way satisfactory. "
He took the opportunity to to list their qualifications. "I think the skills began my presidential campaign - and who built the types of team that built and marketing ideas - would be the same as I would like to continue using the private sector."
It is not the first time he gets carried away. In a speech at the White House Demo Day event at the White House that brought together 32 startups, he did praise the industry. "Ideas can come from anyone and move the world," he said. "And keep in mind that in 18 months, I need a job."
Daily
After the interview, the venture capitalists, better known as VCs immediately perked up. After all, who does not want someone pragmatic, owner of a huge network of contacts and extensive experience with rapid analysis of information in the investment team?
The routine of a VC is to hear pitches from entrepreneurs - who often visit several offices in investment rounds - to assess their potential and, if there is interest, to price it on paper. This is the "evaluation", or evaluation, of the company's value.
Based on it, a value is offered and, if all goes well, contracts are signed. Investors then start to follow the development of the company, suggesting (or requiring) changes and improvements according to the stipulated terms.
When the startup is disputed, the battle for the best investment can result in incredibly high values. The first episode of "Silicon Valley" series is a great example.
In the fight for the same technology, two rival investors will escalating their offerings. Within minutes, one offering US $ 10 million to acquire the company. The other, a VC, offers $ 200,000 for 5%. The entrepreneur, surprised, did not know what to do and runs away.
Although seem surreal, the show is considered the best of Silicon Valley today, even by those who work there. Even the writers, however, have said that the real world sometimes surpasses fiction when it comes to venture capital juggling - and that everything would stop on television, viewers would not even find feasible.
In the jargon of the Valley, a unicorn is a privately held company valued at at least $ 1 billion. There was a time when a brand company was seen as mythical - hence the name.
According to CB Insights, which researches venture capital funds and maintains an updated list, the club now has 169 members. Together, they are worth US $ 609 billion.
For there are some well-known figures such as Uber (US $ 62.5 billion), Airbnb (US $ 25.5 billion), Snapchat ($ 16 billion) and Buzzfeed (US $ 1.5 billion). The numbers are so high that those worth more than $ 10 billion won to a new name, "decacorn" a unicorn ten horns.
The millionaire party Silicon Valley, however, seems to be shrinking. In the first half, for example, VCs invested a total of US $ 9.3 billion. In the previous six months, they were $ 17.6 billion.
Experts say it is a reflection of years of office excesses of venture capitalists and little growth by the startups that now race against time to adjust your finances before you fail.
How to attract investment in new rounds are very difficult, the cash, called "runway" you need to pay much more in terms of development. And to impress investors, startups must start presenting sustainable growth - something crucial bit a few years ago, when the abundance reigned.
In an open letter, the investor Bill Gurley says the number of unicorns growth itself is to blame for the hangover. At the end of the day, he wrote, it is simply too much money in the system.
"Excessive capital led to record rates of spending; to most companies operate far from profitability; the overly intense competition for access to capital; to delayed or non-existent liquidity for employees and investors, "he said. "The healthiest thing that can happen is a dramatic increase in the real cost of capital and a return to appreciation of good running business."
In the long term, experts are betting on positive results. Silicon Valley will continue to innovate and survive the higher quality companies with better business models and perhaps some who have won the attention of one of the former US president.
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