Javier Avellaneda has been the latest addition to The Collider staff but he’s caught up incredibly fast. Having helped to bring 4 companies to the stock floors, he joined The Collider to lead our startups’ fundraising journey. With such a challenge in such an early stage in his hands, Javier is usually seen between partner’s boards and strategic meetings to define deals and secure a bright future for The Collider’s rising stars. In this post, he tells us about his professional experience and views over the venture building world.
Meet the Colliders!
Tell us a little about your experience before joining The Collider and what will be your role in the program.
Before joining The Collider I developed most of my career in the Venture Capital industry. I worked 4 years for Active Venture Partners and 6 years for Inveready Asset Management where I took a variety of positions, starting as Investment Analyst and later as Financial and Administration Manager. It was about 4 years ago when I decided to give some hands on approach to the entrepreneurial ecosystem and worked together with several companies in their financial strategy, fundraising strategy and in corporate trade sales’ processes.
My role in the program is to help our portfolio companies in their corporate strategy, financial strategy and fundraising with both public and private investments.
Which would you say is the major misconception from recent founders when it comes to fundraising?
Fundraising is a long process that requires lots of time and dedication from the founders. Most of the first-time founders I have met during my career were not aware of the number of presentations they would have to do before closing an investment round.
First-time founders should take consciousness that many Startups are created each year and compete for a limited investment capital which is in turn subject to different investment criteria. In the end fundraising become simple but a tedious work as the more presentations are done to investors the more probability of success will have the fundraising. Access to investors and knowing their investment criteria can reduce part of the work.
How do you measure success in an early-stage round of investment?
In my opinion, the most successful investment is the one that achieves all the milestones that the founders of the Startup promised to the investors that participate in the early-stage round.
The more tight to the plan agreed with the investor the more aligned are the interests of all parties and the more in line is the use of the funds with the promises to investors.
What do you find the most attractive about The Collider from an investor’s perspective?
From the investor’s perspective what I find the most attractive is the access to companies with breakthrough technology which is born inside the best scientific research groups worldwide, run by a selected and outstanding entrepreneurial talent, and already working with big corporations.
Finally, which are the major goals you set yourself for the current edition?
I have set myself two main goals to work which are related to both the supply and the demand. First, I would like to increase the visibility of all the companies in our portfolio and approach them to investors and public funders. Second, and really important, is to present our Tech Transfer program to the investment community and the advantages of Tech Transfer Startups as an investment asset in their portfolios. Although we are still in the first mile, our presentations are actually taking its fruits as some investors have already confirmed their interest in co-investing in the new edition’s Startups since its inception and follow on investing in future investment rounds.