younet ventures - vietnam's pioneer seed accelerator
DESCRIPTION
YouNet Accelerator Program is a seed start-up accelerator / incubator pioneer in Vietnam based on the models of JFDI (Singapore), Techstars, Y-Combinator in Silicon Valley.TRANSCRIPT
www.younetventures.com
YouNet Accelerator Program
Empower your dream, empower your passion
www.younetventures.com
Funding pyramid
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Seed Accelerator Stats
2005: Y Combinator began• $5,000 per startup + $5,000 per founder
• 172 startups later, total acquisition value = $84M
• Average value per startup: $488,000
• Funded by founding angels Paul Graham, etc.
• In Mar 2009 Sequoia invested $2M into YC.
2007: TechStars began• Average $15,000 investment per startup
• 39 startups later, total acquisition value = $17.25M
• Average value per startup: $442,000
• Funded by founding angels David Cohen, Brad Feld
2007: JFDI began• Average $20,000 investment + $75,000 technical facilities, office accommodation, mentoring per startup
• 60% success raising an average $500,000 per
Source: Copying Y Combinator, Jed Christiansen
www.younetventures.com
The Seed Accelerator Model
• Disrupts the traditional VC model. “Series AA” funding round is usually in the $5,000 range instead of the $500,000 range. Typical startup is valued below $50,000.
• 4 months development sprint, in a batch of 3–6 companies at a time, 2 to 3 founders each.
• Intensive tutoring by mentors and experts helps founders move fast.
• Accredited investors participate for a Demo Day at the end of the batch.
www.younetventures.com
YAP
YouNet Accelerator Program is a seed start-up accelerator / incubator pioneer in Vietnam based on the models of JFDI (Singapore), Techstars, Y-Combinator in Silicon Valley.
www.younetventures.com
• YAP focuses on the idea phase to the product within 120 days.
• YAP offer a package worth total $35,000 with $5000 cash and $30,000 in:
• Technical Support: technical infrastructure, system architecture, product design, technology consultancy..
• Modern office workspace with 700m2
• Intensive mentoring
YAP
www.younetventures.com
What YAP get?
With YAP package worth $35,000 USD,YouNet Venture (YNV) received from 5-20% of start-ups.
www.younetventures.com
Our model
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Why YAP?
Graduation
• Innovate startup with:• Product• Customers• Revenue• Ready for funding
YAP
• 120 days to go to market• Entrepreneurs• Mentors• Product launch• Real customers• Potential investors
Recruitment
• Entrepreneurs• Engineering
www.younetventures.com
Vision for YAP
• Short term value: Empower potential talent entrepreneurs, teams to shape their ideas, and deliver innovative products to market and ready for seed and Series A investment.
• Long term vision: to build a self-sustaining startup ecosystem in Viet Nam with great products.
• Improve the startup ecosystem for founders and investors.
• Our motto: Empower your dream, empower your passion.
www.younetventures.com
Tien Le, Msc.Program Board Member
Huy DoProgram Board Member
William Vu Huynh, MBAProgram Director
Trieu Nguyen, MBAProgram Board Member
Tho Quan, Ph.D,Assoc. Prof.Program Board Member
Hoa Nguyen, Msc.Program Board Member
For more profile detail, please check out the website or click here http://www.younetventures.com/about-us/management/
Management Team
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Program
Our program is continuously adjusting and improving with ultimate goal to help startup deliver disrupt products to market and successfully raise fund.
www.younetventures.com
FAQ
• Why does program last 120 days?
• Why is only $5000 cash?
• What core value do startup get from YAP?
• What is the success rate of YAP?
• Reference at http://www.younetventures.com/faq/
www.younetventures.com