Follow us now @BoomStartup /BoomStartup
Management Team <ul><li>John Richards, Co-Managing Partner BoomStartup </li></ul><ul><li>Robb Kunz, Co-Managing Partner Bo...
Continuous Growth for 2011 <ul><li>Became Founding Member of TechStars Network </li></ul><ul><li>Opened Salt Lake City Cam...
Mentorship-Driven Start-ups <ul><li>“ Better way” to Start Companies </li></ul><ul><ul><li>- Inexpensive and easier to man...
Higher Probability of Getting Funded  Source: AngelSoft , Last 12 months,  March 2010 20,618 561 Traditional  Investment M...
Higher Probability of Performance/Exit  Source: TechStars, March 2010 Status Active Companies 29 % 74.36% Acquired > $2M 4...
MENTORS <ul><li>Who? </li></ul><ul><ul><li>Angel investors who want to participate in the first angel round </li></ul></ul...
Investor-Mentors <ul><li>John Richards  | Co-Managing Partner, InfoSpace, BYU </li></ul><ul><li>Robb Kunz  | Co-Managing P...
“Select” Mentors <ul><li>Kent Madsen | Managing Director, Epic Ventures </li></ul><ul><li>Bradley Bertoch | WBI – Entrepre...
Capital Structure <ul><li>Investments </li></ul><ul><ul><li>$15,000 per participant company </li></ul></ul><ul><ul><li>Up ...
Peers <ul><li>Socialize & interaction with other founders </li></ul><ul><li>Office space designed to encourage peer intera...
Value-in-Kind Services  <ul><li>Office Space- Internet, Phones, Desk, Meeting </li></ul><ul><li>Infrastructure- Cloud, Sof...
 
Why not? <ul><li>Simple process </li></ul><ul><li>Good exercise to go through </li></ul><ul><li>Nothing to lose </li></ul>...
 
How to Do More Faster  With Your Technology Startup
State of the Startup Market <ul><li>Overall…Best  Opportunity in 30 Years… </li></ul><ul><li>Dramatic Improvement in Proce...
 
Minimum Viable Product (MVP)
Leverage Cloud Solutions
Agile / Scrum Development
RallyDev: Automated Scrum Tools
Leverage Crowdsourcing
Speed Mentoring <ul><li>Pitch your Company in 3 minutes to Investors-Mentors </li></ul><ul><li>Get direct feedback on your...
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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.

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BoomStartup Program Introduction 2011

  1. 1. Follow us now @BoomStartup /BoomStartup
  2. 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. 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. 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. 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. 6. Higher Probability of Performance/Exit Source: TechStars, March 2010 Status Active Companies 29 % 74.36% Acquired > $2M 4 10.26% Acquired < $2M Failed Other 1 4 1 2.56% 10.26% 2.56%
  7. 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 & 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 & workshops </li></ul></ul>
  8. 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&Y </li></ul>
  9. 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. 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. 11. Peers <ul><li>Socialize & 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. 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. 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>
  14. 16. How to Do More Faster With Your Technology Startup
  15. 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 & Terms </li></ul><ul><ul><li>Launch Conf, Accelerators, AngelList, KickStart </li></ul></ul>
  16. 19. Minimum Viable Product (MVP)
  17. 20. Leverage Cloud Solutions
  18. 21. Agile / Scrum Development
  19. 22. RallyDev: Automated Scrum Tools
  20. 23. Leverage Crowdsourcing
  21. 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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