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Dr. Jos B. Peeters

Founder & Managing PartnerCapricorn Venture Partners

Leuven – 30 October 2013

The Capricorn in me

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There is less competition at the edge

Risks focusses the mind

More visibility from the top

My Previous Lifes

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• K.U. - Leuven - Research Assistant – Experimental

solid state physics

• Bell Telephone Manufacturing Cy - Process engineer

advanced technologies

• Belgian Integrated Products - Technical Manager

• P.A. - Technology - Senior Consultant Applied

Sciences

• BeneVent Management - Managing Director

• Independant

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Entrepreneurship

“The pursuit of opportunity

beyond the resources which one

controls”

Prof. Howard Stevenson

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Entrepreneurs versus Managers• Where is the opportunity?

• What resources do I control?

• How do I capitalise on it?• What structure determines our organisation’s

relationship to its market?

• What resources do I need?• How can I minimise the impact of others on my

ability to perform?

• How do I gain control over them?• What opportunity is appropriate?

Prof. Howard Stevenson

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Everybody said it could not be

done,

Until two fouls, who didn’t know,

Made it happen

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Definition of Venture Capital

• Provides equity capital at its own risk

• Seeks medium term capital gains

• In Partnership with the Entrepreneurs

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A history of building companies

Team

IP

Product

Laboratory

Market tractionExit prospects

Idea ProductionMature technology

Commercial products

From early development To global leadership

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Fall 1992 – all options open

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First Capricorn Office

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My start-ups

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• Capricorn Venture Partners – Venture capital• Quest for Growth – Quest Management – asset

management – merged into Capricorn Venture Partners

• Quartz Capital Partners – Investment banking – sold to Knight Trimark

• Easdaq – stock market – turned into Equiduct Systems• Polytechnos Partners – venture capital Munich – sold

to partners• NW Brown Capital Partners – venture capital

Cambridge – sold to partners• IPES – fund administration – sold in a management

buy-out• De Jonge St. Jacob – De Hopbloem – business center

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2 Feet of snow, but don’t let this stop you..

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Anticipate the cycles

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Don’t be shy to speak your mind

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Fortunate timing helps

Don’t be afraid from the big guys, they are slow

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Don’t panick; go for the long term benefit

The man are concerned about their

stock options

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Try not to forget to enjoy live

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Partners-owned

20 people organisation, 20 years existence

Licensed asset manager – AIFMD compliant

Over € 250 million under management

Capricorn Venture Partners

ICT€ 15 million

CLEANTECH€ 112 million

Quest for Growth€ 115.8 million** September 31, 2013

Quest Cleantech Fund€ 13.2 million** September 31, 2013

HEALTHTECH€ 42 million

Head office, Leuven, Belgium

The Capricorn Team

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Capricorn’s base in the historic centre of Leuven

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