8/6/2019 NCTC March 2011 031511

1/16

DayOne Ventures

Blacksburg's Lean Startup Program

Doug Juanarena

DayOne Ventures MentorVP - Blacksburg Site Leader, Rackspace Hosting

8/6/2019 NCTC March 2011 031511

2/16

Rackspace Hosting

Leader in hosted IT and cloud computing Acquired Webmail.US in 2007

3,300 employees with worldwide locations

RAX: $800M revenue - $4.6 B market cap

2011 Forbes: 7th fastest growing technology company Top 100 best places to work

100+ in Blacksburg development center

8/6/2019 NCTC March 2011 031511

3/16

The Cloud

The Cloud

Online Available Inexpensive

8/6/2019 NCTC March 2011 031511

4/16

The Cloud and Web Startups

Cloud is helping to tilt the balance of power in

favor of the entrepreneur

8/6/2019 NCTC March 2011 031511

5/16

The Cloud and Web Startups

Faster and less expensive to start a company

Hosting on cloud

Open source software PR- Twitter or Facebook

Sales- Google adds

Customer service- blogs & forums

8/6/2019 NCTC March 2011 031511

6/16

The Cloud and Web Startups

Companies can be launched without VC fundingFounders retain more equity and control

8/6/2019 NCTC March 2011 031511

7/16

Seed Mentorship Programs

Provide seed funding & startup environment for

launching companies

Typically 3 months in duration

Program provides seed funding

Mentors guide founders and open doors

Successful graduates are positioned for funding

Program receives 4 to 6 % of the founders equity

8/6/2019 NCTC March 2011 031511

8/16

YCombinator

Formed in 2005 by Paul Graham

Located in Mountain View, CA.

250+ startups Many successful exits: Loopt, Reddit, Clustrix, Wufoo, Scribd, Xobni, Weebly,

Songkick, Disqus, Dropbox, ZumoDrive, Justin.tv, Heroku,

Posterous, Airbnb, Heyzap, Cloudkick, DailyBooth, WePay, andBump.

8/6/2019 NCTC March 2011 031511

9/16

Blacksburg Startup Ecosystem

Intellectual capital: Virginia Tech Approx $500M/ yr in sponsored research

World class research park: CRC 2010 - Ranked #1 University research park 140 companies

2200 employees

Startup assistance: VTKW

Recognized as a top business accelerator Angel Capital: 460 Angels

Technology advocate: NCTC

8/6/2019 NCTC March 2011 031511

10/16

DayOne Ventures

We fund great teams with great ideas

We write the first, most risky check Up to $16K per team (2 to 4 members)

Mentors guide founders and provide advice

Office space & staff support provided by VTKW

8/6/2019 NCTC March 2011 031511

11/16

2010 Mentors

Bill Boebel

David CatalanoMike Drzal

Jim Flowers

John Hodock

Doug Juanarena

Pat MathewsKevin Minnick

Bob Savage

8/6/2019 NCTC March 2011 031511

12/16

Working Hard

8/6/2019 NCTC March 2011 031511

13/16

DayOne Ventures 2011

Recruiting companies for the class of 2011

Program to run throughout year

Recruiting additional mentors

8/6/2019 NCTC March 2011 031511

14/16

Class of2010- Heyo

8/6/2019 NCTC March 2011 031511

15/16

Class of2010- Nomad Mobile Guides

8/6/2019 NCTC March 2011 031511

16/16

Startup Ecosystem Contacts

www.dayoneventures.com

www.vtip.org

www.vtcrc.comwww.vtknowledgeworks.com

www.460angels.com

www.thetechnologycouncil.com