VC Funding for EDA Start-Ups: Pain or Gain? A VC’s perspective
Business Session 2
Seed, Care and Harvest - Value Focused EDA
Abstract
Andreas Demleitner, Senior Investment Manager Bay Tech Venture Capital
Europe holds a strong position in EDA research, in particular in System-level and mixed signal EDA. National, European and industrially funded research at universities and institutes leads to promising approaches meeting in particular the needs of the European system industry. In many cases the resulting technologies and prototype-tools are the key assets of EDA start-up companies.
We will present an example of such a start-up company founded in 2002 in Oldenburg: ChipVision Design Systems AG. In 2003 the company has successfully closed a venture capital financing round with a syndicate of two renowned venture capital firms. This funding enables to further invest in product development, management and growth.
The presentation will show the VCs’ experience and view on this deal. It will explain the concepts of venture capital, decision making processes, and typical general conditions, shed light on the expectations a VC has towards the company’s management and founders and add a critical view about the upsides and downsides that accompany a Venture Capital financing.
