Objective:
Through practical cases, interactive sessions, and insights from renowned analysts, investors, and entrepreneurs, this course provides the methodologies and strategies needed to invest confidently and successfully in the startup ecosystem.
Target Audience:
Investors and individuals interested in exploring the world of startup and entrepreneurial project investment, regardless of their level of experience.
Price: €100, including lunch.
Limited seats: Selection and confirmation will be based on the target profile.
Thursday, February 27th (9:00 AM to 6:30 PM)
Venue: Salburua Room, Europa Congress Palace
- Introduction:
Where and when to invest, basic principles of investment risk, how and when to achieve profitability, investment phases, types of investors, practical cases, etc.
Speakers: Josetxu Silgo (Metxa) and David Montero (BIC Araba)
Duration: 1.5 hours
Coffee break
- Preliminary Steps:
Investment strategy, diversification, criteria, partners, how to secure deal flow, and investor self-assessment test.
Speaker: Mathieu Carenzo
Duration: 2 hours - Relationships with Entrepreneurs:
The investor-entrepreneur relationship from the entrepreneur’s perspective.
Speaker: Juanjo Torres (Dryfing)
Duration: 0.5 hours
Lunch included
- Analysis of Investment Opportunities:
Investment criteria, individual analysis approaches, company analysis, due diligence, practical cases, etc.
Speaker: Laura Unzueta (Metxa)
Duration: 1.5 hours - Investment Taxation:
Taxation in startup investments and divestments.
Speaker: PKF Attest
Duration: 1 hour
(9:00 a 14:00)
Sala Salburua, Palacio de Congresos Europa
- 6. Métodos para la valoración de los proyectos: tipos de métodos, el problema de la dilución, las diferentes rondas, compañeros de viaje, multiplicadores, etc
Ponente: Toni Vera (Beringia Smart Money)
Duración: 1 hora - 7. El proceso de negociación y la formalización: las fases, el termsheet, pacto de socios, cómo se relacionan inversor y emprendedor, los documentos finales.
Ponente: Pedro Muñoz-Baroja (Easo Ventures)
Duración: 1 hora
Coffee break
- 7. El proceso de negociación y la formalización: las fases, el termsheet, pacto de socios, cómo se relacionan inversor y emprendedor, los documentos finales.
Ponente: Guillermo Arregui (Radar Ventures)
Duración: 1 hora - 8. El pacto de socios: terminología, cláusulas habituales, aspectos más importantes, ejemplos, etc.
Ponente: Xabier Alvarez (Lawesome)
Duración: 1,5 horas
Friday, February 28 (9:00 AM to 2:00 PM)
Venue: Salburua Room, Europa Congress Palace
- Methods for Project Valuation:
Types of methods, the dilution problem, different funding rounds, partners, multipliers, etc.
Speaker: Toni Vera (Beringia Smart Money)
Duration: 1 hour - The Negotiation and Formalization Process:
The phases, the termsheet, partnership agreement, the relationship between investors and entrepreneurs, and final documents.
Speaker: Pedro Muñoz-Baroja (Easo Ventures)
Duration: 1 hour
Coffee break
- The Negotiation and Formalization Process:
The phases, the termsheet, partnership agreement, the relationship between investors and entrepreneurs, and final documents.
Speaker: Guillermo Arregui (Radar Ventures)
Duration: 1 hour - The Partnership Agreement:
Terminology, standard clauses, key aspects, examples, etc.
Speaker: Xabier Alvarez (Lawesome)
Duration: 1.5 hours
Thursday, March 13 (9:30 AM to 6:00 PM)
BIC Araba, room 116
- 9.Investment Monitoring: Reporting, adding value to the startup, participation in the board, calculating the value of your portfolio, and follow-on investments.
Speaker: Jorge Aranzabe (SPRI Capital Riesgo)
Duration: 1.5 hours
Coffee break
- 10.Divestment: When and how to divest, types of exits, tax aspects, final recommendations, etc.
Speaker: Enrique Penichet
Duration: 1.5 hours - 11. Mesa redonda con experiencias personales
Speakers: Eduardo Martínez (Araba Ascentium), Idoia Iturbe (Coben Group) y Gorka Puente (Appfire)
Duration: 1 hour
Lunch included
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- Investment Forum: Real projects will be presented to course participants.
Moderators: Josetxu Silgo (Metxa) and David Montero (BIC Araba)
- Investment Forum: Real projects will be presented to course participants.
Ponentes
Laura Unzueta
Partner and Mentor at Metxa Project Accelerator
Investor in startups
Expertise: Business valuation and M&A processes
Advisor for startups
Mathieu Carenzo
Investor: Has invested in over 100 startups as a Business Angel, General Partner, or member of the investment committee in various VC funds.
Professor of Entrepreneurship at IESE.
Mission: To share knowledge to enhance the competitiveness of Spain’s entrepreneurial ecosystem.
Notable current investments: Glovo, Bizaway, Trioteca, Amphora Logistic, Fabbric, among others.
Juanjo Torres
Co-CEO of Dryfing
Co-founder of Cuidum
Entrepreneurship Mentor
President of the Alumni Network of the Business Culture Chair at the University of Valencia
Toni Vera
Degree in Physical Activity and Sports Sciences
Supporter / Mentor / Investor
Advisor at Glice AG, Solum Photovoltaica, and others
COO at Dryfing
Pedro Muñoz Baroja
Director of Venture Capital Easo Ventures S.C.R.
Co-founder and Mentor of the startup accelerator Berriup
Advisor to companies such as Iomed, Begas Motor, PRS, Sayme, Ugarteburu, Modfie, and Vivebiotech
Guillermo Arregui
Partner Advisor at Efialia
CEO of Radar Ventures
Mentor for Bind 4.0
CEO of Emprendiza
Xabier Álvarez
Founding Partner and CEO of Lawesome Legal Services
Co-Founder and Managing Partner of MicroWave Ventures
Ranked #3 in the TTR 2019 Ranking for Lawyers in Venture Capital and M&A transactions in Spain and Portugal
Advisor and Board Secretary for nearly 20 startups, including Quarizmi, CIN Systems, Blackbinder, Wattio, Ludus, WIVI, and Modfie, among others
Jorge Aranzabe
Investment Director at Gestión de Capital Riesgo del País Vasco SGEIC
Has participated in numerous startup financing operations in the Basque Country.
Enrique Penichet
Founding Partner at Draper B1, a seed-stage Venture Capital fund
Startup Investor
Advisor at Draper Venture Network in San Francisco
Member of the Advisory Board for the IESE Business Angels Network
Design Sprint Master certified by Google
Mentor in programs such as Google Launchpad and Santander X Global
Speaker and Panelist at events like Websummit, 4YFN, and Webit
Eduardo Martínez
Advisor at Ascentium Eventos Deportivos
Director of IRONMAN Vitoria-Gasteiz
Co-founder of Bilbao Mendi Film Festival
Entrepreneur
Idoia Iturbe
Co-Founder and CEO of Coben Club (private investor club) and Globalik (internationalization consultancy)
Professor at the University of Deusto
Mentor in various projects
Investor – Business Angel in startups such as Appsamblea, Berba, Ordatic, Aplanet, among others
Gorka Puente
A computer engineer and PhD in web information systems, Gorka is currently the Principal Product Manager at Appfire, a U.S.-based software company that achieved over $100M ARR in 2021. He has founded and co-founded three companies that have been successfully acquired, as well as three others that remain active. Additionally, he is one of the three partners at Ronin Ventures, a firm established in 2021 that has already invested in six projects.
Josetxu Silgo
CEO of Metxa, Entrepreneur Accelerator
Founder and Advisor at Osoigo
Investor and Business Angel
Advisor to startups such as Idoneo, Poween, YouKast, Hunters of Magic, among others
Founder of Senda15 Coworking
David Montero
Director of BIC Araba
Board Member at Robotekin
Expert Evaluator for the European Commission
Designer and Coordinator of several entrepreneurship, innovation, and digital transformation initiatives, including Araba Enpresa Digitala, Metaposta, Bind, Game.eus, and Robotekin
