MOTODEV Summit – San Jose: TU 207 Funding your Business with Motorola Ventures

September 11th, 2007 by Eric


MOTODEV Summit
MOTODEV Summit – San Jose

Session: Title:
Speaker:		 TU 207
Funding your Business with Motorola Ventures
Harshul Sanghi
Managing Director, Motorola Ventures
Motorola, Inc.
Summary Motorola Ventures identifies cutting-edge technologies and helps turn great new ideas into thriving businesses which complement Motorola’s total business strategy. Representatives from Motorola Ventures will provide insight into the key characteristics they look for when investing in a company. Through success stories of current portfolio companies learn what it takes for your company to be considered for strategic investment.

Takeaways from this session about Motorola Ventures:

  • Annual fund of $100 to $150 MM; Year to Date, the entire fund is $500+ MM
  • The team is 15 individuals in (Sunnyvale, CA, Schaumburg, IL, Lexington, MA, Basingstoke, UK, Beijing, China, Tel-Aviv, Israel)
  • Their annual deal flow is approximately 2500 business plan reviewed and out of that, 20 get funded. Harshul joked that that amounts to 2480 rejections!
  • For any Motorola Ventures investment, it must meet three main criteria
    1. The company must have significant strategic impact to Motorola
    2. The company can succeed as a stand alone business without Motorola
    3. The company must be able to show financial success and exit strategies
  • The fund invests in typically a “B” round of funding, but is willing to get in at the “A” round as well. It will not participate in the Seed stage or typically not anything after the “B” round. Their overall ownership in the company as a track record is roughly 20%
  • 70% of the portfolio is in the mobile space and 30% is in other areas where Motorola is producing products or services around those sectors (ie. set top boxes, semiconductors)
  • Current areas of interest are: End-to-End Mobile Solutions, Mobile Advertising, LBS, Social networking, WiMAX, Mobile Commerce, and Web 2.0
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