Venture Capital Fund – Diversity-Led Early Stage Tech Companies

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Helping Great Companies Grow

Overview

Ozone X Super GP LLC is seeking $150 million for its venture capital fund investing in early stage diversity-led technology and SHEE (sustainability, health/wellness, education and employment) companies.

  • Target 25 early stage investments -Seed & Series A
    • technology and SHEE – greater resiliency & have outperformed benchmarks
    • bold missions – ready to scale globally
    • majority of investments in U.S. and Europe
  • Invest in top-performing, underrepresented diverse founders to solve bold problems and seek outsized returns
    • greater capital efficiency – diversity-led early stage tech companies achieved 30%+ higher ROI
    • faster exits – female-led startups exited avg 6.4 years below the avg 7.4 years
    • limited competition for investments – supports attractive valuations
  • Ozone Expert Network & Assessment Platform
    • three pillars of outsized returns – diverse founders, boards and cap tables
    • invite-only proprietary scalable network
    • proven and data-driven assessment platform – outperformed top-tier VCs
  • Headquartered in San Francisco, New York City and Paris
    • world-class team of investors, operators and founders – expertise and excellent track records with strong global network
Overview - 201026
Helping Great Companies Grow

Opportunity

  • People of color and female-owned businesses are underserved by the venture capital community
  • Diversity-led startups deliver superior ROI on less capital than their peers
  • Limited competition for investments – supports attractive valuation

 

  • BCG Consulting Group – Why Women Owned Start Ups are a Better Bet
    • “For every funding dollar, startups founded (or co-founded) by women generate 78 cents, while male-founded startups generate just 31 cents” 
Helping Great Companies Grow

Arbitrage Unwarranted Human Bias

  • First Round – female co-founded companies outperformed male co-founded companies by 63%  – measured by valuation
  • Kauffman Foundation – private technology female-led companies are more capital-efficient
    • 35% higher ROI
    • if venture-backed – 12% higher revenue than male-led startups by men
  • BCG – female co-founded businesses deliver higher revenue (more than 2 times dollar invested) than male co-founded
  • Pitchbook – female-led startups are faster to exit – 6.4 years versus an average of 7.4 years

Still…

  • Investment size in female-led companies ($0.94 million) averaged less than half of  male co-founded companies ($2.10 million)
  • Female-led startups were only awarded 2.8% of Venture Capital funding in 2019
Helping Great Companies Grow

Benefits From Diversity

  • Companies led by diverse founders showed top-tier realized returns – but remain under-represented
    • ethnic/gender diversity correlate with profitability – but people of color/women remain underserved
    • large market gap ready to be served
Benefits -201029
Helping Great Companies Grow

Solution/Strategy

  • Invest 80% in top-performing, underrepresented diverse founders to solve bold problems and deliver outsized returns
    • 60% of population but previously allocated less than 6% of funding
    • rebalances talent to capital access in the private markets
    • remaining 20% reserved to opportunistically support stellar entrepreneurs
  • Target 25 early stage investments – Seed & Series A – ready to scale
    • technology and SHEE – focused in U.S. and Europe
    • double-down on top performing investments
    • retain 50% of capital for follow-on investments
  • Summary of Terms
    • management fee – 2%
    • carry – 20%
    • investment period -5 years
    • fund term – 10 years with up to tow 1-year extensions
  • OzoneX Expert Network -Advisors and Venture Partners
    • invite-only experienced investors/operators -culture reflects OzoneX mission
    • co-invests alongside leading VCs and Strategics
  • OzoneX Expert Assessment Platform
    • scaling advantage – “collective expert assessment process” outperformed compared to top-tiered VCs
Helping Great Companies Grow

Management

Jacques-Philippe Piverger, Co-founder & Managing Partner

20+ years Executive at $100 Billion+ funds, Serial Founder. Graduate of Georgetown. Dartmouth MBA.

Lea Bajc, Co-founder & Partner

Tech investor and entrepreneur. Harvard MBA. HEC MsC, Stockholm School of Economics, Kaufman Fellow.

Caen Contee, Co-founder & Partner

Founding team at Lime, angel investor & advisor. Graduate of Dartmouth College.

Helping Great Companies Grow
Learn More About This Transaction

CONTACT US

Hi. We're not around right now. But you can send us an email and we'll get back to you, asap.

Thanks, Ken

Ken Margolis | Managing Partner Castle Placement, LLC
1460 Broadway Street, Rte 400
New York, New York 10036
(212) 418-1188 | C: (516) 712-7784
kmargolis@castleplacement.com

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