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BoomStartup Program Introduction 2011
BoomStartup Program Introduction 2011
BoomStartup Program Introduction 2011
BoomStartup Program Introduction 2011
BoomStartup Program Introduction 2011
BoomStartup Program Introduction 2011
BoomStartup Program Introduction 2011
BoomStartup Program Introduction 2011
BoomStartup Program Introduction 2011
BoomStartup Program Introduction 2011
BoomStartup Program Introduction 2011
BoomStartup Program Introduction 2011
BoomStartup Program Introduction 2011
BoomStartup Program Introduction 2011
BoomStartup Program Introduction 2011
BoomStartup Program Introduction 2011
BoomStartup Program Introduction 2011
BoomStartup Program Introduction 2011
BoomStartup Program Introduction 2011
BoomStartup Program Introduction 2011
BoomStartup Program Introduction 2011
BoomStartup Program Introduction 2011
BoomStartup Program Introduction 2011
BoomStartup Program Introduction 2011
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BoomStartup Program Introduction 2011

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This is the introduction slide deck that we used at our Meetups for the 2011 season. The deck has our general information and then a brief LeanStartup implementation overview.

This is the introduction slide deck that we used at our Meetups for the 2011 season. The deck has our general information and then a brief LeanStartup implementation overview.

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  • 1. Follow us now @BoomStartup /BoomStartup
  • 2. Management Team <ul><li>John Richards, Co-Managing Partner BoomStartup </li></ul><ul><li>Robb Kunz, Co-Managing Partner BoomStartup </li></ul><ul><li>Andy White, Executive Director </li></ul>
  • 3. Continuous Growth for 2011 <ul><li>Became Founding Member of TechStars Network </li></ul><ul><li>Opened Salt Lake City Campus at Miller Innovation Center </li></ul><ul><li>Partnered With Grow Utah Ventures and Northfront Alliance to expand into Northern Utah </li></ul>
  • 4. Mentorship-Driven Start-ups <ul><li>“ Better way” to Start Companies </li></ul><ul><ul><li>- Inexpensive and easier to manage </li></ul></ul><ul><ul><li>- Leverage mindshare across mentors…just-in-time </li></ul></ul><ul><ul><li>- Higher probability of getting funded </li></ul></ul><ul><li>“ Better way” to Invest in Companies - Reduce risk profile of investment - Higher probability of Company performance and exit </li></ul><ul><li>Modeled after, but improved upon … </li></ul><ul><ul><li>TechStars, Boulder CO </li></ul></ul><ul><ul><ul><li>www.techstars.org </li></ul></ul></ul><ul><ul><li>Y Combinator, Mountain View CA </li></ul></ul><ul><ul><ul><li>www.ycombinator.com </li></ul></ul></ul>
  • 5. Higher Probability of Getting Funded Source: AngelSoft , Last 12 months, March 2010 20,618 561 Traditional Investment Mentorship-Driven Investment 60% Source: TechStars, March 2010
  • 6. Higher Probability of Performance/Exit Source: TechStars, March 2010 Status Active Companies 29 % 74.36% Acquired &gt; $2M 4 10.26% Acquired &lt; $2M Failed Other 1 4 1 2.56% 10.26% 2.56%
  • 7. MENTORS <ul><li>Who? </li></ul><ul><ul><li>Angel investors who want to participate in the first angel round </li></ul></ul><ul><ul><li>VC associates and partners who want to track promising startups </li></ul></ul><ul><ul><li>Entrepreneurs with Successful Exits </li></ul></ul><ul><ul><li>Subject Matter Experts </li></ul></ul><ul><ul><li>Service Providers </li></ul></ul><ul><li>Mentoring &amp; Training </li></ul><ul><ul><li>Custom Curriculum </li></ul></ul><ul><ul><li>One-on-one Mentoring for specific topic </li></ul></ul><ul><ul><li>Targeted Seminars &amp; workshops </li></ul></ul>
  • 8. Investor-Mentors <ul><li>John Richards | Co-Managing Partner, InfoSpace, BYU </li></ul><ul><li>Robb Kunz | Co-Managing Partner, KnowledgeBlue </li></ul><ul><li>Andy White | Executive Director, TH(i)NQ Ed </li></ul><ul><li>Craig Earnshaw |LifeLink Corp </li></ul><ul><li>Kimball Wirig | Dentrix </li></ul><ul><li>Craig Bott | Grow Utah Ventures, MarketStar, E&amp;Y </li></ul>
  • 9. “Select” Mentors <ul><li>Kent Madsen | Managing Director, Epic Ventures </li></ul><ul><li>Bradley Bertoch | WBI – Entrepreneur Assessment </li></ul><ul><li>Kent Thomas | Founder - CFO </li></ul><ul><li>Damon Kirchmeier | Managing Director - Funding </li></ul><ul><li>Brock Blake | CEO, Lendio - SBA Loans </li></ul><ul><li>Mark Hurst | Founder, Connect - Brand Strategy </li></ul><ul><li>Cydni Tetro | EIR, Disney - Social Marketing </li></ul><ul><li>John Pestana | CEO, ExactRail - Entrepreneur </li></ul>
  • 10. Capital Structure <ul><li>Investments </li></ul><ul><ul><li>$15,000 per participant company </li></ul></ul><ul><ul><li>Up to $15,000 in Value-in-Kind Services </li></ul></ul><ul><ul><li>Assigned Investor-Mentor plus 35+ Mentors </li></ul></ul><ul><ul><li>Opportunity to attend Investor Day </li></ul></ul><ul><ul><li>BoomStart Capital 2011, LLC gets 6% in Common Stock of participating Company </li></ul></ul>
  • 11. Peers <ul><li>Socialize &amp; interaction with other founders </li></ul><ul><li>Office space designed to encourage peer interaction </li></ul><ul><li>Sharing of good, bad, and ugly </li></ul><ul><li>Groups discussions in group training </li></ul><ul><li>Additional Information Resource </li></ul>
  • 12. Value-in-Kind Services <ul><li>Office Space- Internet, Phones, Desk, Meeting </li></ul><ul><li>Infrastructure- Cloud, Software, Curriculum </li></ul><ul><li>Professional Services- Legal, Accounting, PR </li></ul><ul><li>Canyon Park Technology Center (Orem Campus) </li></ul><ul><li>Miller Innovation Center (Salt Lake Campus) </li></ul><ul><li>Rent deal </li></ul><ul><ul><li>3 months free (May 15 – Aug 15) Extension Possible </li></ul></ul>
  • 13. &nbsp;
  • 14. Why not? <ul><li>Simple process </li></ul><ul><li>Good exercise to go through </li></ul><ul><li>Nothing to lose </li></ul><ul><li>6% for $15,000 cash and up to $15,000 value-in-kind services </li></ul>
  • 15. &nbsp;
  • 16. How to Do More Faster With Your Technology Startup
  • 17. State of the Startup Market <ul><li>Overall…Best Opportunity in 30 Years… </li></ul><ul><li>Dramatic Improvement in Processes </li></ul><ul><ul><li>Bus Model Generation / MVP / Agile / Crowd </li></ul></ul><ul><li>Dramatic Decrease in Technology Costs </li></ul><ul><ul><li>Open Source, Cloud Computing, Platforms </li></ul></ul><ul><li>Dramatic Access To Seed Capital &amp; Terms </li></ul><ul><ul><li>Launch Conf, Accelerators, AngelList, KickStart </li></ul></ul>
  • 18. &nbsp;
  • 19. Minimum Viable Product (MVP)
  • 20. Leverage Cloud Solutions
  • 21. Agile / Scrum Development
  • 22. RallyDev: Automated Scrum Tools
  • 23. Leverage Crowdsourcing
  • 24. Speed Mentoring <ul><li>Pitch your Company in 3 minutes to Investors-Mentors </li></ul><ul><li>Get direct feedback on your idea to see if it’s a “fit” for BoomStartup </li></ul><ul><li>Listen for ways to improve your business model / solution </li></ul><ul><li>Iterate…then come to our next BoomStartup Speed Mentoring Meetup..and try again! </li></ul>

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