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Okuri Fund - Web version
Okuri Fund - Web version
Okuri Fund - Web version
Okuri Fund - Web version
Okuri Fund - Web version
Okuri Fund - Web version
Okuri Fund - Web version
Okuri Fund - Web version
Okuri Fund - Web version
Okuri Fund - Web version
Okuri Fund - Web version
Okuri Fund - Web version
Okuri Fund - Web version
Okuri Fund - Web version
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Okuri Fund - Web version

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Okuri Ventures - Seed accelerator Fund - Web presentation

Okuri Ventures - Seed accelerator Fund - Web presentation

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  • 1. Welcome
to
 Startup
Bootcamp
Europe
2011 March
2011
  • 2. Today,
investment
in
startups
is
regarded
as
one
of
the
main
 routes
towards
economic
recovery
 In
the
past
months,
investments
in
entreprenuerial
efforts
have
emerged
in
many
forums
 as
one
of
the
pricipal
roads
to
economic
recupera>on
 Gene
B.
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)  Alan
Solomont  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)  Barack
Obama  President of the United States 
  • 3. However,
the
accelera>on
of
the
rate
of
change
of
innova>on,
 obstructs
the
current
tradi>onal
models
of
investment
 The
rate
of
change
of
technological
innova>on
is
the
 >me
requirement
for
the
emergence
of
a
new
disrup>ve
 element
in
the
market
that
can
somehow
change
 the
rules
established
so
far.
 The
rate
of
change
of
technological
 innova>on
has
been
greatly
accelerated

 The
implica>ons
of
this
accelera>on
are
 transforming
current
investment
model

 •  Dras>c
reduc>on
in
the
window
of
investment
 opportunity
 •  Need
to
detect
talent
in
earlier
phases
in
order
to
 invest
 •  Need
to
search
for
flexible
mechanisms
of
 development
and
investment
for
startups
and
 investors.
 —  New
Development
Model:
 Launch
fast,
fail
fast,
iterate
fast
and
adapt
to
the
 market
(demand)
constantly
 —  New
Investment
Model:
 Invest
earlier
(earlier
phases),
invest
more
broadly
 (porLolio
diversifica>on),
share
risks
(more
co‐ investment),
and
support
startups
through
 “something
more”
than
just
money
(mentoring,
 contacts,
ect.)

  • 4. Business
accelerator
programs
have
become
the
most
efficient
 formula
to
increase
the
success
probabili>es
of
startups
   The
accelerator
model
has
revolu>onized
the
approach
to
startup
development
offering
 startups
a
plaLorm
for
sustainable
growth
via
ongoing
mentoring
&
seed
funding
   Allows
investors
first‐hand
knowledge
of
new
&
upcoming
trends
in
innova>on
   Benefits
the
ecosystem
by
genera>ng
high
value
deal
flow
 Seed Investment Mentoring program Seed money Mentoring program Incubator spaceIncubator space Goals:
 Lower risks and time to market for investors Help startups get traction & Tradi>onal
Investment
Model
 Accelerator
Model

  • 5. What’s
the
real
difference
between
an
Accelerator
Program’
 offering
to
early‐stage
entrepreneurs
vs.
other
op>ons?
 Accelerator
 Programs
 Incubator
 Business
Angel
 Network
 Early‐stage
VC
 Seed
Funding
 Office
Space
 On‐going
Mentoring
 Par>cipa>on
<
10
%
 Collabora>on
amongst
 porSolio
companies
 Investment
 Methodology
 Exit
Horizon
 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
 Not
Frequent
 Never

  • 6. Startup
Bootcamp
is
an
European
accelerator
program
for
 startups
 Sell Month 3    Validate
business
 model
   First
customers
&
 funding
 Investor  Day    Release
Beta
   Refine
business
 model
 Build Month 2    Refine
idea

 (data,
data,
data)
   Engage
mentors
 Shape Month 1  Format
   Each
year
10
great
internet
&
mobile
startup
teams
are
selected
from
200+
applica>ons
per
 chapter
   Each
Startup
Bootcamp
chapter
gets
8%
equity
in
each
of
their
10
startups
   Each
team
is
offered
EUR
4,000
in
seed
funding
per
team
member
up
to
a
maximum
of
 3
founders
per
team
   Free
incubator
space
is
offered
in
each
edi>on
along
with
other
essen>al
ameni>es
promo>ng
 collabora>on
and
synergies
between
the
teams
   50+
mentor
pool
per
chapter
formed
by
successful
entrepreneurs,
investors
and
domain
 experts
that
will
work
intensively
with
the
teams
during
the
3‐month
program
   The
program
ends
with
both
a
na>onal
and
an
interna>onal
Investor
Demo
Day
where
teams
 will
pitch
to
75+
interna>onal
Business
Angels,
Venture
Capitalists
and
Corporate
Investors
 Highlights

  • 7. •  Founded
in
2010
 ‐  1
edi>on
with
10
startups
 •  Denmark’s
first
accelerator
 program
 ‐  1stTechstars
Global
Affiliate
 ‐  Backed
by
Rainmaking
and
 Okuri
amongst
other
investors
 •  Founded
in
2009
 ‐  3
edi>ons;
over
40
startups
 •  Not‐for‐profit
pre‐accelerator
 program
 ‐  Backed
&
managed
by
Okuri
 ‐  Chapters
in
Madrid
&
Barcelona
 •  Finalist
of
Techcrunch’s
The  Europas Awards
2010
 Startup
Bootcamp
(Denmark)
&
Tetuan
Valley
(Spain)
are
two
 of
the
most
renowned
programs
in
Europe
 Our
Background
‐
From
2
local
programs
to
1
con>nental
program  Copenhagen (2010)  Madrid & Barcelona (2009) 
  • 8. The
objec>ve
of
this
partnership
is
to
launch
Europe’s
top
 accelerator
program
with
5+
chapters
under
one
fund

   One
brand:
StartupBootcamp
   Both
capters
will
launch
a
fund
of
EUR
300k
each
to
 finance
the
10
startups
of
each
local
program
in
 2011
 ‐  Spain:
June
to
September
 ‐  Denmark:
August
to
November
   We
have
recently
announced
the
addi>on
of
a
new
 partner:
Bandwith
Ventures
(BWV)

 ‐  Based
in
Dublin
(Ireland)
founded
by
3
co‐ founders
of
 ‐  Partnerships
with
MNCs
like
IBM
and
Ci>
 ‐  Local
program
in
January
‐
March
2012
   One
fund
for
all
chapters
of
EUR
15‐20M
to
finance
 200+
startups
that
will
go
through
each
of
the
5
 chapters
of
StartupBootcamp
2012‐2017
 ‐  Planned
chapters
in
Spain,
Denmark,
Ireland,
 Germany
and
UK
 ‐  Interna>onal
demo
day
at
the
end
of
each
 year
 Our
Future
‐
StartupBootcamp
Europe  bwv 
  • 9. The
success
of
both
programs
and
their
alliance
has
not
gone
 unno>ced
by
the
mainstream
media

 "Emprendedor español sin financiación busca...“, D. M. Pérez  February 2011 Okuri
will
organize
this
year
a
program
with
cash
injec>on
from
 the
start.
It
is

StartupBootcamp.
...
“unlike
tradi>onal
venture
 capital
funds,
we
invest
in
10
companies
at
once
with
8%
equity
 to
Okuri,
and
92%
for
entrepreneurs,"
said
Luis
Rivera,
 founder
of
Okuri.
 …
Since
then,
a
number
of
similar
programs
have
appeared
in
 various
European
countries,
like
HackForward
in
Germany,
 Springboard
in
the
UK,
Copenhagen‐based
StartupBootcamp,
 Madrid’s
Tetuan
Valley
and
Paris’s
Le
Camping.
 "Start‐Up 100: Could Europe build a Y Combinator?“, R. Varza  January 2011 The
program
is
now
preparing
to
launch...
a
joint
venture
 with
Okuri
Ventures
in
Spain,
the
next
StartupBootcamp
will
 take
place
this
summer
in
Madrid.
Okuri
Ventures
is
behind
 Spanish
accelera>on
program
Tetuan
Valley "StartupBootcamp launches in Madrid. Next up: London & Berlin”, R. Varza  January 2011 “Dublin: Europe’s Next Startup Petri Dish?”, C. Byrne March, 2011 StartupBootcamp,
a
European
startup
accelerator
network
 and
Techstars
affiliate,
just
added
Dublin
to
its
exis>ng
 loca>ons
of
Copenhagen
and
Madrid.
London
and
Berlin
will
 follow
in
2012...
A
single
pan‐European
applica>on
process
 will
result
in
the
selected
teams
being
assigned
to
the
most
 suitable
city.
 Other media en which we have appeared 
  • 10. The
main
key
to
success
of
StartupBootcamp
resides
in
the
 program
of
con>nued
mentorship.

 Investors  Directors of Big  Companies  Profile
of
the
Investors
 Benefits

 Successful  Entreprenuers  Mentorship
  One‐day
visit
at
our
 office:
   30
min
 presenta>on
   Private
feedback
 session
with
each
 team
(30
min)
 Mentors
will
support
the
development
of
our
startups
from
their
experiences
   Explore
poten>al
advisory
 posi>ons
   Early
detec>on
of
future
 trends
   First‐hand
experience
of
 interes>ng
startups
   Access
to
technology
 innova>ve
and
cheap
   Possibili>es
of
early
due
 diligence
   Direct
contact
with
 entrepreneurial
talent
   Warm,
fuzzy
feeling
of
helping
 others

  • 11. Each
chapter
is
supported
by
a
network
of
75+
mentors
&
 ambassadors
that
will
challenge
and
enrich
our
startups
daily

 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 Some
of
our
confirmed
mentors
and
ambassadors 
  • 12. One‐on‐One Mee]ngs  Mentors
and
investors
will
benefit
from
ongoing
and
first‐ hand
informa>on
of
the
progress
of
all
par>cipant
startups
 Write‐off
 Assessment
 Kick
off
 Program
 Progress
on
 Objec>ves
 Evalua>on
 Issues
 Review
&
 Refocus
 Project
 Review
 Business
 Model

 Review
&
 Refocus
 Na>onal
 Demo
Day
&
 End
of
 Program
 Demo
Day
 Training
 Month 1  Month 2  Month 3 Month 0  Month 12  European
 Demo
Day
 Month 6  Exit
 Strategy
 Evalua>on
 December  Program
Development
 Follow‐up
&
Exit
Period
 Startups
Performance
Repor>ng
 Mentoring Mee]ngs (Op-onal)  Fund
 Investors
 Mentors
 Rest
 Demo
 Day
 Mentoring
Mee>ngs
 One‐on‐One Mee]ngs  3‐month
program
structure
and
follow‐up
period
  One‐on‐One Mee]ngs  Demo
 Day
 Shape
 Build
 Sell

  • 13. Applica>on
Deadlines
and
Programs
Calendars
 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 
  • 14. Contact
details
 Luis
Rivera
 Managing
Director
Madrid
 +34
656
306
925
 lr@startupbootcamp.org
 Bernardo
de
Tomás
 Partner
Okuri
Ventures
 +34
605
791
870
 bernardodetomas@okuri.es
 Alex
Farcet
 Managing
Director
Copenhaguen
 +45
24
29
40
00
 af@startupbootcamp.org
 Carsten
Kølbek
 Partner
Rainmaking
 +44
7
500
161
315
 ck@rainmaking.dk
 Address
further
ques>ons
to:  Eoghan
Jennings
 Managing
Director
Dublin
 +353
86
200
4688

 ej@startupbootcamp.org


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