startup bootcamp 2011 es redux v1.4
TRANSCRIPT
WelcometoStartupBootcampEurope2011
March2011
Today,investmentinstartupsisregardedasoneofthemainroutestowardseconomicrecovery
Inthepastmonths,investmentsinentreprenuerialeffortshaveemergedinmanyforumsasoneofthepricipalroadstoeconomicrecupera>on
GeneB.Sperling Director of the Na-onal Economic
Council of the United States
“It is in -mes of recession when people come together and are more open to working together [...] let´s not forget that the U.S. economic strength in the world is due to it´s entrepreneurial capacity” (January 2011)
“We will overcome the crisis with entrepreneurs, they generate wealth and employment, as well as social work not sufficiently recognized, but to grow you need a framework that allows entrepreneurs to start a business, hire people and prosper " (January 2011 )
Claudio Boada President of the Circulo de Empresarios, President of Aban-a‐TICSA and Atlas Capital
“Innova-on is a key factor for growth, economic recovery and to create jobs. [...] Spain has a very interes-ng future in the world, but you have to help entrepreneurs “ (December 2010)
AlanSolomont Ambassador of the United States to Spain
“Our future prosperity in part depends on whether or not we are crea-ng an environment in which folks can test new ideas, bring new products to market, and generate new businesses. And that’s not just a challenge for government. It’s a challenge that requires businesses, and leaders, and universi-es, [and] others to seek out new ways to promote entrepreneurship across this country.” ” (January 2011)
BarackObama President of the United States
However,theaccelera>onoftherateofchangeofinnova>on,obstructsthecurrenttradi>onalmodelsofinvestment
Therateofchangeoftechnologicalinnova>onisthe>merequirementfortheemergenceofanewdisrup>veelementinthemarketthatcansomehowchangetherulesestablishedsofar.
Therateofchangeoftechnologicalinnova>onhasbeengreatlyaccelerated
Theimplica>onsofthisaccelera>onaretransformingcurrentinvestmentmodel
• Dras>creduc>oninthewindowofinvestmentopportunity
• Needtodetecttalentinearlierphasesinordertoinvest
• Needtosearchforflexiblemechanismsofdevelopmentandinvestmentforstartupsandinvestors.
— NewDevelopmentModel:Launchfast,failfast,iteratefastandadapttothemarket(demand)constantly
— NewInvestmentModel:Investearlier(earlierphases),investmorebroadly(porLoliodiversifica>on),sharerisks(moreco‐investment),andsupportstartupsthrough“somethingmore”thanjustmoney(mentoring,contacts,ect.)
Businessacceleratorprogramshavebecomethemostefficientformulatoincreasethesuccessprobabili>esofstartups
Theacceleratormodelhasrevolu>onizedtheapproachtostartupdevelopmentofferingstartupsaplaLormforsustainablegrowthviaongoingmentoring&seedfunding
Allowsinvestorsfirst‐handknowledgeofnew&upcomingtrendsininnova>on
Benefitstheecosystembygenera>nghighvaluedealflow
Seed Investment
Mentoring program
Seed money
Mentoring program
Incubator space Incubator space
Goals: Lower risks and time to market for investors Help startups get traction &
Tradi>onalInvestmentModel AcceleratorModel
What’stherealdifferencebetweenanAcceleratorProgram’offeringtoearly‐stageentrepreneursvs.otherop>ons?
AcceleratorPrograms
IncubatorBusinessAngel
NetworkEarly‐stageVC
SeedFunding
OfficeSpace
On‐goingMentoring
Par>cipa>on<10%
Collabora>onamongstporSoliocompanies
InvestmentMethodology
ExitHorizon
By batches of x startups per year
9 to 24 months
Spontaneous
2 to 4 years
Spontaneous
4 to 7 years
By total amount of money per x years
3 to 6 years
Always Frequently Some>mes NotFrequent Never
StartupBootcampisanEuropeanacceleratorprogramforstartups
Sell Month 3
Validatebusinessmodel
Firstcustomers&funding
Investor Day
ReleaseBeta
Refinebusinessmodel
Build Month 2
Refineidea(data,data,data)
Engagementors
Shape Month 1
Format
Eachyear10greatinternet&mobilestartupteamsareselectedfrom200+applica>onsperchapter
EachStartupBootcampchaptergets8%equityineachoftheir10startups
EachteamisofferedEUR4,000inseedfundingperteammemberuptoamaximumof3foundersperteam
Freeincubatorspaceisofferedineachedi>onalongwithotheressen>alameni>espromo>ngcollabora>onandsynergiesbetweentheteams
50+mentorpoolperchapterformedbysuccessfulentrepreneurs,investorsanddomainexpertsthatwillworkintensivelywiththeteamsduringthe3‐monthprogram
Theprogramendswithbothana>onalandaninterna>onalInvestorDemoDaywhereteamswillpitchto75+interna>onalBusinessAngels,VentureCapitalistsandCorporateInvestors
Highlights
• Foundedin2010‐ 1edi>onwith10startups
• Denmark’sfirstacceleratorprogram‐ 1stTechstarsGlobalAffiliate‐ BackedbyRainmakingandOkuriamongstotherinvestors
• Foundedin2009‐ 3edi>ons;over40startups
• Not‐for‐profitpre‐acceleratorprogram‐ Backed&managedbyOkuri‐ ChaptersinMadrid&Barcelona
• FinalistofTechcrunch’sThe Europas Awards2010
StartupBootcamp(Denmark)&TetuanValley(Spain)aretwoofthemostrenownedprogramsinEurope
OurBackground‐From2localprogramsto1con>nentalprogram
Copenhagen (2010)
Madrid & Barcelona (2009)
Theobjec>veofthispartnershipistolaunchEurope’stopacceleratorprogramwith5+chaptersunderonefund
Onebrand:StartupBootcamp BothcapterswilllaunchafundofEUR300keachto
financethe10startupsofeachlocalprogramin2011‐ Spain:JunetoSeptember‐ Denmark:AugusttoNovember
Wehaverecentlyannouncedtheaddi>onofanewpartner:BandwithVentures(BWV)‐ BasedinDublin(Ireland)foundedby3co‐
foundersof‐ PartnershipswithMNCslikeIBMandCi>‐ LocalprograminJanuary‐March2012
OnefundforallchaptersofEUR15‐20Mtofinance200+startupsthatwillgothrougheachofthe5chaptersofStartupBootcamp2012‐2017‐ PlannedchaptersinSpain,Denmark,Ireland,
GermanyandUK‐ Interna>onaldemodayattheendofeach
year
OurFuture‐StartupBootcampEurope
bwv
Thesuccessofbothprogramsandtheiralliancehasnotgoneunno>cedbythemainstreammedia
"Emprendedor español sin financiación busca...“, D. M. Pérez February 2011
Okuriwillorganizethisyearaprogramwithcashinjec>onfromthestart.ItisStartupBootcamp....“unliketradi>onalventurecapitalfunds,weinvestin10companiesatoncewith8%equitytoOkuri,and92%forentrepreneurs,"saidLuisRivera,founderofOkuri.
…Sincethen,anumberofsimilarprogramshaveappearedinvariousEuropeancountries,likeHackForwardinGermany,SpringboardintheUK,Copenhagen‐basedStartupBootcamp,Madrid’sTetuanValleyandParis’sLeCamping.
"Start‐Up 100: Could Europe build a Y Combinator?“, R. Varza January 2011
Theprogramisnowpreparingtolaunch...ajointventurewithOkuriVenturesinSpain,thenextStartupBootcampwilltakeplacethissummerinMadrid.OkuriVenturesisbehindSpanishaccelera>onprogramTetuanValley
"StartupBootcamp launches in Madrid. Next up: London & Berlin”, R. Varza January 2011
“Dublin: Europe’s Next Startup Petri Dish?”, C. Byrne March, 2011
StartupBootcamp,aEuropeanstartupacceleratornetworkandTechstarsaffiliate,justaddedDublintoitsexis>ngloca>onsofCopenhagenandMadrid.LondonandBerlinwillfollowin2012...Asinglepan‐Europeanapplica>onprocesswillresultintheselectedteamsbeingassignedtothemostsuitablecity.
Other media en which we have appeared
ThemainkeytosuccessofStartupBootcampresidesintheprogramofcon>nuedmentorship.
Investors
Directors of Big Companies
ProfileoftheInvestors Benefits
Successful Entreprenuers Mentorship
One‐dayvisitatouroffice: 30min
presenta>on Privatefeedback
sessionwitheachteam(30min)
Mentorswillsupportthedevelopmentofourstartupsfromtheirexperiences
Explorepoten>aladvisoryposi>ons
Earlydetec>onoffuturetrends
First‐handexperienceofinteres>ngstartups
Accesstotechnologyinnova>veandcheap
Possibili>esofearlyduediligence
Directcontactwithentrepreneurialtalent
Warm,fuzzyfeelingofhelpingothers
Eachchapterissupportedbyanetworkof75+mentors&ambassadorsthatwillchallengeandenrichourstartupsdaily
Arican Wegter Co-Founder and MD at LOVEFiLM
Alejandro Santana CEO at Perennius. Board member at Fides Capital
Michael Jackson Partner at Mangrove Partners. Former VP at Skype
Tommy Ahlers CEO at Podio
Jeff Coe Entrepreneur and MD at Linden Ventures
Francisco Rivillas Strategic Partnerships Manager at Google
Gregor Gimmy CEO and founder at Sclipo
Inés Leopoldo CEO and Partner at Mitsue Venture
Tanveer Sharif Founder of Vopium
Jodok Batlogg CTO at VZNet
Nicholas Hawtin Founder at Risk Containment and Mentor at Startup Bootcamp Denmark
Roberto de Diego Partner at Goya Partners. Former President of Solfocus &BT Europe. Former CEO of Jazztel
Jenaro García Founding partner and CEO at GrupoGowex
Luis M. Cabiedes Managing Partner at Cabiedes and Partners
José M. Joana Advisor at ESADE. Former Partner at IBM / PwC Consulting
Someofourconfirmedmentorsandambassadors
One‐on‐One Mee]ngs
Mentorsandinvestorswillbenefitfromongoingandfirst‐handinforma>onoftheprogressofallpar>cipantstartups
Write‐offAssessment
KickoffProgram
ProgressonObjec>vesEvalua>on
IssuesReview&Refocus
ProjectReview
BusinessModel
Review&Refocus
Na>onalDemoDay&
EndofProgram
DemoDayTraining
Month 1 Month 2 Month 3 Month 0 Month 12
EuropeanDemoDay
Month 6
ExitStrategyEvalua>on
December
ProgramDevelopment Follow‐up&ExitPeriod
StartupsPerformanceRepor>ng
Mentoring Mee]ngs (Op-onal) FundInvestors
Mentors
Rest
DemoDay
MentoringMee>ngs
One‐on‐One Mee]ngs
3‐monthprogramstructureandfollow‐upperiod
One‐on‐One Mee]ngs
DemoDay
Shape Build Sell
Applica>onDeadlinesandProgramsCalendars
Opening Deadline Starts Ends
Spots in our programs will be given on an ongoing basis during applica]on period, so the sooner you apply the greater chances you’ll have of being selected
Applica>ons Program
Madrid
Copenhaguen
Dublin
Berlin
21/01/2011
1/06/2011
Jul. 2011
TBA
15/05/2011
15/07/2011
Dec. 2011
TBA
16/06/2011
15/09/2011
Jan. 2012
2012
23/09/2011
1/12/2011
March. 2012
2012
London TBA TBA 2012 2012
Contactdetails
LuisRiveraManagingDirectorMadrid+34656306925lr@startupbootcamp.org
BernardodeTomá[email protected]
AlexFarcetManagingDirectorCopenhaguen+4524294000af@startupbootcamp.org
CarstenKø[email protected]
Addressfurtherques>onsto:
EoghanJenningsManagingDirectorDublin+353862004688ej@startupbootcamp.org