The TIME Warp Strategy Weblog

"Venture Capital and Business Angels" is a series of five articles, written for the T3N magazine. It deals about the whole process of acquiring venture capital - from preparations to common leadership. Part 5 of the series describes classical conflicts between the management team and the venture capitalists and how to resolve them.

PDFs for download coming soon

"Venture Capital and Business Angels" is a series of five articles, written for the T3N magazine. It deals about the whole process of acquiring venture capital - from preparations to common leadership. Part 4 of the series describes usual regulations between the entrepreneurs and the venture capitalists.

The full article is available through the links below:

(PDF in english version coming soon)
Venture Capital & Business Angels - Regeln, Absprachen, Verträge (PDF german)

"Venture Capital and Business Angels" is a series of five articles, written for the T3N magazine. It deals about the whole process of acquiring venture capital - from preparations to common leadership. Part 3 of the series gives insights in the process of finding a common baseplate.

The full article is available through the links below:
Venture Capital & Business Angels - Presentation and Negotiation (PDF english)
Venture Capital & Business Angels - Präsentation und Verhandlung (PDF german)

"Venture Capital and Business Angels" is a series of five articles, written for the T3N magazine. It deals about the whole process of acquiring venture capital - from preparations to common leadership. Part 2 of the series gives hints on how to contact the guys with the money.

The full article is available through the links below:
Venture Capital & Business Angels - Elevator, Pitch and Exposé (PDF english)
Venture Capital & Business Angels - Elevator, Pitch und Exposé (PDF german)

"Venture Capital and Business Angels" is a series of five articles, written for the T3N magazine. It deals about the whole process of acquiring venture capital - from preparations to common leadership. Part 1 of the series gives hints on how to write a professional business plan.

The full article is available through the links below:
Venture Capital & Business Angels - Business plan (PDF english)
Venture Capital & Business Angels - Fabeltier Businessplan (PDF german)

Chinese companies make more and more investments abroad. Goals for those investments are raw materials, but also acquisition of knowledge and access to markets.

India's capital markets have experienced sweeping changes since the beginning of the last decade. Its market infrastructure has advanced while corporate governance has progressed faster than in many other emerging market economies.

But in contrast to several developed countries and Asian economies, India's capital markets are still shallow, implying that further reforms are needed to make India a world-class financial centre. In it's India special series DB Research published another study figuring out that persisting reforms in the sector can support India's already impressive growth in the next years.

The study is available through the link below:
DB Research: India's capital markets: Unlocking the door to future growth (PDF english, DBR)
DB Research: India's capital markets: Unlocking the door to future growth (PDF english, local source)

Matthias Wallisch, doctoral candidate at Institute of economic geography at Munich's LM university began to explore investment patterns of Business Angels. TSSF is facilitator of the research project.

DB Research published a new study on the developing market for non-performing loans in Germany.

Not as in other countries (mainly the US and UK), Germany needed a long time to develop a market for non performing loans. German Banks have 160 to 300 billions of non performing loans in their balance sheets where 53% are corporate lendings. Four years after the first deals, non performing loans seems to become an established asset class now. Even provident banks meanwhile participate at the market. It is to expect that trading of non performing loans will in future be an even much more accepted operation. For foreign investors, an additional chance of entering the german markets and industries is coming up through buying non performing loans of companies in their strategic focus. Often, traditional companies have strong brand names at their disposal but fell into the trap of local production costs and labour costs. The situation of Germany is likewise in many other european countries.

The complete study is available through the link below:
DB Research: Non-performing Loans - an established asset class (PDF english, DBR)
DB Research: Non-performing Loans - an established asset class (PDF english, local source)

Some years after the EURO was launched, DB Research analyzes it's today's role as a reserve currency. The study is named 'The EURO - well established as a reserve currency'

The study's major findings are that the EURO meanwhile is the world's solid number two reserve currency where the EURO has the potential to challenge the dollar as a reserve currency. Exchange rate policy is for most central banks a strong motive to hold EURO reserves.

The complete study is available through the link below:
DB Research: The EURO - Well established as a reserve currency (PDF english, DBR)
DB Research: The EURO - Well established as a reserve currency (PDF english, local source)

DB Research: Venture capital in Europe - Spice for European economies

In it's October 2006 @conomics publication, DB Research presented an analysis of the european venture capital scene. Europe in general is catching up the gap to the US venture capital investment where germany is far behind the european leaders united kingdom, denmark and sweden. Those three countries are even above the US average in relation to the countries size (per ecent of GDP) while Germany's VC investments are only half the european average. Also Norway and Portugal are above the european average. Switzerland and the Netherlands reached the average. DB Research presumes (besides cyclical factors) the differences between european countries to be driven by fundamental facts like regional location conditions and differences in opportunity-driven entrepreneurial spirit.

The document is available through the link below:
Venture capital in Europe - Spice for European economies (PDF english, DBR)
DB Research: Venture capital in Europe - Spice for European economies (PDF english, local source)
DB Research: Venture capital in Europe - Spice for European economies (PDF german, local source)

DB Research presented a study on the long term global growth centers 2006-2020 among 34 countries worldwide. India leads the ranking with an average growth rate of 5,5% p.a.. China is Number 3 in the ranking.

DB Research, think tank of Deutsche Bank group, presented the study "Global Growth Centres 2020" at the 2nd European Futurists Conference in Lucerne / Switzerland in november 2006. The results base on an accurate foresight model, including four major drivers (population growth, investments, human capital, trade openess) and below laying 21 single trends, clustered to 6 consistent trend groups.

India leads the growth race of the next 14 years with an average growth rate of 5,5% before Malaysia (5,4%) and China (5,2%). DB Research identifies the key reasons for the strong growth of asian countries in rising human capital and trade opening.

Amongst the european countries a high GDP per capita is forecasted for France and Austria while surprisingly Spain's GDP per capita will overcome Germany's. For Spain a growth rate of 2,8% is expected, for Germany only 1,5%.Argentina (3,0%) and Brazil (2,8%) lay in the middlefield of the 34 countries (like the USA with 3,1%).

A presentation of the study (29 pages) is available by download as PDF from the link to DB Research below:
DB Research: World Growth Centers 2006-2020 (PDF english, DBR)
DB Research: World Growth Centers 2006-2020 (PDF english, local source)