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)

Another strategic alliance between European and Indian producers proves it's benefits. Bajaj, indian motorbike producer meanwhile is a major shareholder of KTM, the austrian producer breaking the market trends.

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

Numerous high-profile cross-border M&A deals involving Chinese companies as acquirers point to the emergence of China as a global investor. 

The Chinese government's financial and political support of overseas direct investment (ODI) has intensified in the wake of China's accession to the WTO in 2001. The bulk of current Chinese ODI is driven either by the increasing need to secure overseas energy and raw material resources or as a countermeasure to growing competition and overcapacity in a number of key sectors of the domestic economy.

DB Research recently provided a study which is available through the link below:
DB Research: Perspectives on China's overseas direct investment (PDF english, DBR)
DB Research: Perspectives on China's overseas direct investment (PDF english, local source)
DB Research: Perspectives on China's overseas direct investment (PDF german, local source)

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.

Repower AG, Hamburg/Germany, one of Europe's leading producers of wind power equipement and wind farms launched a strategic alliance with indian engine builder Suzlon.

Are Germany's SMEs an endangered species ? DB Research states: The succession gap in Germany's Mittelstand (small and medium-sized enterprises, or SMEs) is overstated. Attractive businesses have no difficulty finding new owners these days.

However, with succession solutions outside the proprietor families on the increase, the successful, typically German (family) business structure could start to crumble. Might this also impair the German Mittelstand's business capital, high flexibility coupled with organically evolved trust? In the long term many SMEs are looking at a bright future. Crucial to this, besides the efficient organisation of generation change, are new forms of cooperation and modern financing instruments. A better political environment for business start-ups and a more open-minded attitude to the immigration of business talent would strengthen the entrepreneurial landscape as a whole.

The link to DB Research's complete study is available through the links below (english and german version available):
DB Research: Germany's SMEs an endangered species ? (PDF english, DBR)
DB Research: Germany's SMEs an endangered species ? (PDF german, DBR
DB Research: Germany's SMEs an endangered species ? (PDF english, local source)
DB Research: Germany's SMEs an endangered species ? (PDF german, local source)

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)

Hanseyachts AG, producer of sailings yachts, located in northern germany and lead by America's Cup sailor Michael Schmidt, was going public.