Formative Ventures

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Formative Ventures
There is no substitute for real-world experience

• Launching a Next Generation Venture Capital
  Company

Clint Chao, Co-Founder and General Partner
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Clint Chao Bio
1980-1984 UC Berkeley BS, EECS
1985-1990 Motorola Semiconductor Strategic
Sales Manager
1990-1998 C-Cube Microsystems Sr. Director of
Marketing
1998-2001 SkyStream Networks VP Marketing and
Sales
2000-current Formative Ventures Founder and
General Partner
23 years, and still waiting for a Rose Bowl.
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Why Did We Start a New Venture Firm?

• Personal experience told us there was a hole
• Makeup of many VC personnel seemed unqualified to
  handle the downturn
• Investment landscape allows for us to obtain
  equity in technology at very attractive
  valuations, which

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Formative Ventures Summary

• Early-Stage, Emerging Technologies Venture Fund
• Investments in advanced high technology
  components
• Advanced semiconductors
• Wireless components
• Communications HW and SW
• Founded in 2000
• Objective Build a next-generation venture
  capitalcompany that combines venture savvy with
  real-world operating experience

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Formative Investment Platform

• Create a family of early-stage technology venture
  funds that complements venture savvy with strong
  operating experience

technology
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What are Business Catalysts?
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What We Look For
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Formative Sample Litmus Test
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Key Factors to Getting a New Company Launched

• The product you are selling is yourself
• Make sure you like this product
• Trial your model before you go off and start
  selling it
• Build plenty of runway by raising sufficient
  operating capital
• Things you need plenty of
• Tenacity
• Bullet proof ego
• Guts and a clear conscience to ask people for
  money
• Patience and commitment to ride out the tough
  times
• Vision

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Key Factors to Getting Our Company Launched
(continued)

• Make sure you really know who youre getting into
  business with, and what their critical needs are
• Be ultimately qualified for what you are about to
  undertake
• References mean everything
• A person cant be a
• Customer
• Investor
• Reference
• and an idiot at the same time. Its impossible

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• Thank you for listening.
• Questions?

Contact Information Clint Chao clint_at_formativeve
ntures.com 408-354-5244 Website www.formativeve
ntures.com