{"id":1108,"date":"2025-06-16T07:18:00","date_gmt":"2025-06-16T12:18:00","guid":{"rendered":"https:\/\/southof6.org\/?p=1108"},"modified":"2025-05-23T18:38:33","modified_gmt":"2025-05-23T23:38:33","slug":"understanding-the-venture-capital-investment-process","status":"publish","type":"post","link":"https:\/\/southof6.org\/es\/understanding-the-venture-capital-investment-process\/","title":{"rendered":"Entendiendo el proceso de inversi\u00f3n de capital de riesgo"},"content":{"rendered":"<p class=\"wp-block-paragraph\">Tu discurso fue un \u00e9xito rotundo. La presentaci\u00f3n fue pulida, tu historia reson\u00f3 en todos los aspectos y los inversores se involucraron. \u00bfPero qu\u00e9 sigue? Si hablas con una empresa como Innoventure Iowa, no se trata solo de una reuni\u00f3n. El verdadero proceso comienza despu\u00e9s del discurso.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Este art\u00edculo explica qu\u00e9 sucede despu\u00e9s de presentar tu proyecto, el papel del l\u00edder y los coinversores, y el verdadero significado de las hojas de condiciones. Todo esto se basa en las ideas compartidas por el equipo de Innoventure Iowa durante un taller en Dream City.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Despu\u00e9s del lanzamiento: qu\u00e9 esperar<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Una vez finalizada la presentaci\u00f3n, el siguiente paso es la diligencia debida. Aqu\u00ed es donde el inversor analiza a fondo el equipo, el producto, las finanzas y la tracci\u00f3n.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">En el taller, el equipo de Innoventure Iowa explic\u00f3 que la primera reuni\u00f3n suele ser con uno de sus analistas de fondos. Es tu oportunidad de demostrar que eres el fundador ideal, con la oportunidad ideal en el momento oportuno.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Si est\u00e1n interesados, su empresa participar\u00e1 en una convocatoria de capital. Se trata de una conversaci\u00f3n interna donde el equipo de inversi\u00f3n decide si proceden.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Inversores l\u00edderes y por qu\u00e9 son importantes<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Una de las cosas m\u00e1s importantes que se comparti\u00f3 fue esta: Innoventure Iowa no lidera rondas.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">Innoventure Iowa es un fondo de coinversi\u00f3n. No podemos liderar rondas de financiaci\u00f3n. No fijaremos condiciones. Siempre seguiremos al inversor l\u00edder.<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Esto significa que necesita conseguir un inversor principal antes de que Innoventure Iowa pueda invertir. Este inversor principal es quien establece su valoraci\u00f3n, emite el primer cheque y negocia el contrato.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Una vez que esto suceda, Innoventure y otros coinversores podr\u00e1n unirse bajo las mismas condiciones. Sin embargo, solo igualar\u00e1n la contribuci\u00f3n del sector privado.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">Vamos a igualar la cantidad que aporte el sector privado. Entonces, si su cliente potencial emite un cheque de $100,000, nuestro m\u00e1ximo es $100,000.<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Entonces, si est\u00e1 recaudando $500,000 y su cliente potencial cubre la mitad, Innoventure podr\u00eda igualar $250,000 y el resto tendr\u00eda que provenir de otros.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Hojas de t\u00e9rminos 101<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Una hoja de t\u00e9rminos es un resumen del acuerdo. Incluye la inversi\u00f3n, el porcentaje de la empresa que se vende, los derechos de voto, los puestos en la junta directiva y m\u00e1s.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Esto es lo que dijo Innoventure durante el taller:<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">A menudo nos preguntan: \u00bfpodemos ayudar a fijar las condiciones? \u00bfPodemos ayudar a fijar el precio de la ronda? No podemos. Confiamos en que su inversor principal lo haga.<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">La hoja de condiciones marca la pauta para todo. Y, una vez firmada, suelen aplicarse las mismas condiciones a todos los coinversores.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Adem\u00e1s, Innoventure no ofrece pr\u00e9stamos ni warrants. Acepta acciones.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">No aceptamos deuda. No aceptamos warrants. Aceptamos acciones. Nos sumamos a su tabla de capitalizaci\u00f3n.<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Esto significa que se convierten en copropietarios de su negocio y su retorno proviene de su \u00e9xito, no de pagos mensuales.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u00bfC\u00f3mo se ve una victoria?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A diferencia de los bancos tradicionales o los peque\u00f1os inversores, las empresas de capital riesgo buscan grandes resultados. Su rentabilidad se produce cuando su empresa es adquirida, fusionada o sale a bolsa.<\/p>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p class=\"wp-block-paragraph\">Esperamos una adquisici\u00f3n. Esperamos una fusi\u00f3n. Esperamos una oferta p\u00fablica inicial. As\u00ed es como ganamos dinero. As\u00ed es como se recicla este fondo.<\/p>\n<\/blockquote>\n\n\n\n<p class=\"wp-block-paragraph\">Innoventure Iowa reinvierte los beneficios de las salidas exitosas en nuevas empresas, lo que ayuda a construir un ecosistema de innovaci\u00f3n a largo plazo en Iowa.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Envolver<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Comprender el proceso de inversi\u00f3n te ayudar\u00e1 a afrontar cada propuesta con la mayor cautela. Ten en cuenta que obtener el s\u00ed de un VC es solo el principio. Necesitas un inversor l\u00edder, una s\u00f3lida capitalizaci\u00f3n y un plan de salida claro.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Y para que quede claro, no hablamos en nombre de Innoventure Iowa. Estas son ideas compartidas durante un taller de Dream City. Simplemente te ayudamos a comprender lo que viene a continuaci\u00f3n.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><\/p>","protected":false},"excerpt":{"rendered":"<p>Tu discurso fue un \u00e9xito rotundo. La presentaci\u00f3n fue pulida, tu historia acert\u00f3 y los inversores se involucraron. \u00bfPero qu\u00e9 sigue? Si hablas con una empresa como Innoventure Iowa, no se trata solo de una reuni\u00f3n. El verdadero proceso comienza despu\u00e9s del discurso. Este art\u00edculo te explica qu\u00e9 sucede despu\u00e9s...<\/p>","protected":false},"author":1,"featured_media":1109,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_kad_blocks_custom_css":"","_kad_blocks_head_custom_js":"","_kad_blocks_body_custom_js":"","_kad_blocks_footer_custom_js":"","_EventAllDay":false,"_EventTimezone":"","_EventStartDate":"","_EventEndDate":"","_EventStartDateUTC":"","_EventEndDateUTC":"","_EventShowMap":false,"_EventShowMapLink":false,"_EventURL":"","_EventCost":"","_EventCostDescription":"","_EventCurrencySymbol":"","_EventCurrencyCode":"","_EventCurrencyPosition":"","_EventDateTimeSeparator":"","_EventTimeRangeSeparator":"","_EventOrganizerID":[],"_EventVenueID":[],"_OrganizerEmail":"","_OrganizerPhone":"","_OrganizerWebsite":"","_VenueAddress":"","_VenueCity":"","_VenueCountry":"","_VenueProvince":"","_VenueState":"","_VenueZip":"","_VenuePhone":"","_VenueURL":"","_VenueStateProvince":"","_VenueLat":"","_VenueLng":"","_VenueShowMap":false,"_VenueShowMapLink":false,"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"footnotes":""},"categories":[106,108],"tags":[],"rental":[],"class_list":["post-1108","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-owner-tips","category-capital"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Understanding the Venture Capital Investment Process - South of 6<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/southof6.org\/es\/understanding-the-venture-capital-investment-process\/\" \/>\n<meta property=\"og:locale\" content=\"es_MX\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Understanding the Venture Capital Investment Process - South of 6\" \/>\n<meta property=\"og:description\" content=\"You\u2019ve crushed your pitch. 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