Archive for the 'funding' Category



Heading to San Francisco for first BarCampBank of the Year

I’m packing my things to be ready Wednesday morning when I fly to San Francisco. Next week-end there will be BarCampBank San Francisco, first BarCampBank of the year, and quite an unsual event because of the wealth of startups that will be represented there: Wesabe, Mint, Zoppa, Zecco, just to name a few who confirmed their presence here, and I hope a lot more will drop-in to join the mind-shaking debates we can anticipate.

I will use the opportunity to discuss with all the brilliant people there a couple of projects I’m currently working on:

1) creating a virtual incubator for FI-startups

In the spirit of P2PVenture, I think there is an opportunity to create a virtual space where entrepreneurs, professionals and investors can mingle and co-develop projects up to the point where some of the professionals can join the project and investors finance it

2) creating a FI angel investors network

One of the components of the previous space could be a virtual angel investors club dedicated to the FI-business. I’m thinking of maybe setting up such a club in a near future

3) organizing a FundCamp FinTech

While launching FundCamp is one of the main action of P2PVenture.org right now. I’m also thinking of organizing a FundCamp dedicated to FinTech. I also see this as an opportunity to boot-strap the 2 previous points.

4) setting up a FinTech venture fund

This is a rather longer term project. There are not so many venture funds dedicated to FinTech and I believe there could be an opportunity to offer real value along the money a dedicated FinTech venture fund would invest in FI-startups.

As you see, quite a lot of things to discuss and get feedback on. Hopefully, critical mass could be assembled on a couple of these subjects and we could see something taking off in a not too distant future.

FundCamp France 2008: the first FundCamp ever

 I have not been updated my blog for a long time and guess what, mainly because of my last post. In this post, I was annoucing that we launched FundCamp, an initiative to let people share processes and tools for organizing seed acceleration contests. Since then, I have been quite busy actually organizing FundCamp France 2008, the first FundCamp ever.

 FundCamp France 2008 will happen on the week of march 17, 2008. 20 projects will be preselected to spend an intense week of exchanges and coaching in Paris. At the end of the week, a dozen of French business angels will select 5 or more projects to which a funding of 25k € for 10% in equity will be offered. The business angels will then coach the winning projects for the next 6 months in order to reach a funding round by the end of year 2008.

 The annoucement is surely only a small step and we’ll still have a lot to do – and wish for – to make FundCamp France 2008 a success. But I think this is already a good sign that so many people got involved and took risks to launch this initiative and I’d like to take these few moments just to enjoy this sign that maybe things can change when enough people try to change them.

LendingClub secures $10M in Series A

LendingClub just announced that it secured a Series A round of $10M from Canaan Partners and Norwest Venture Partners. Seems like things are really accelerating and VCs are pouring more and more money in new financial startups.

 We spotted LendingClub at BarCampBank a while back and put them on our Bank & Finance Watch site. Seems like we are going to live a rapid increase in the number of startups we’ll follow on our site and witness more and more funding for a selection of these.