John Bean

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Slide1: 

Vancouver Enterprise Forum September 25, 2001 “Insurance Broker Toolkits” John Bean

Agenda: 

Agenda My background E-Bill background Financing framework & environment E-Bill ‘seed’ round Financing current situation E-Bill ‘A’ round Conclusion

John Bean Background: 

John Bean Background Partner - Andersen Consulting (now Accenture) Executive Vice-President - SHL Systemhouse InSpire Consulting - bridge management services (e.g. Simba, Escom, ActiveState, Timeac, Infowave, medbroadcast.com, FortressOne, TAP Ventures, Gazelle) Boards (public + private companies) Seed Investor (e.g. NeuroStream, Antarcti.ca) CEO - E-Bill Systems Inc.

E-Bill Background: 

E-Bill Background C$15 Million was spent building the business processes, software and infrastructure 11 months of successful live trials in North America Executive change at Swiss Re – put a functioning business “in a box” Local lawyers who were involved saw the value and bought the asset at “fire sale” prices. Swiss Re, one of the world’s largest re-insurers, retains a 10% interest John Bean engaged in May 2001 to recapitalize the company and restart business operations

$10 Billion Market Opportunity: 

$10 Billion Market Opportunity

Sources of Financing: 

Sources of Financing

Equity Financing – Summer 2001: 

Equity Financing – Summer 2001 Summary: Challenging time to raise money

E-Bill Seed Round: 

E-Bill Seed Round $

Equity Financing – Post Sept. 11: 

Equity Financing – Post Sept. 11 Summary: More Caution

E-Bill A Round: 

E-Bill A Round $ Short Path to Positive Cash Flow

Timing: 

Timing It will be better (or worse) in 2 weeks!

Crisis: 

Crisis

Conclusion: 

Conclusion GO GET THE MONEY!

Slide14: 

Vancouver Enterprise Forum September 25, 2001 “Insurance Broker Toolkits” John Bean