Startup bootcamp 2011 es redux v1.4

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Startup bootcamp 2011 es redux v1.4

  1. 1. Welcome
to
Startup
Bootcamp
Europe
2011 March
2011
  2. 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
 “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  “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)  Gene
B.
Sperling  Director of the Na-onal Economic  “Innova-on is a key factor for growth, economic recovery and to  Council of the United States  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  “We will overcome the crisis with entrepreneurs, they generate wealth and United States to Spain  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 
  3. 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
 The
implica>ons
of
this
accelera>on
are
innova>on
has
been
greatly
accelerated

 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:
 The
rate
of
change
of
technological
innova>on
is
the
 Invest
earlier
(earlier
phases),
invest
more
broadly
 >me
requirement
for
the
emergence
of
a
new
disrup>ve
 (porLolio
diversifica>on),
share
risks
(more
co‐ element
in
the
market
that
can
somehow
change
 investment),
and
support
startups
through
 the
rules
established
so
far.
 “something
more”
than
just
money
(mentoring,
 contacts,
ect.)

  4. 4. Business
accelerator
programs
have
become
the
most
efficient
 formula
to
increase
the
success
probabili>es
of
startups
 Tradi>onal
Investment
Model 
 Accelerator
Model 
Seed Investment Incubator space Seed money Incubator space Mentoring program Mentoring program   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
 Help startups getGoals: 
 traction & Lower risks and time to market for investors
  5. 5. What’s
the
real
difference
between
an
Accelerator
Program’
 offering
to
early‐stage
entrepreneurs
vs.
other
op>ons?
 Accelerator
 Business
Angel
 Incubator
 Early‐stage
VC
 Programs
 Network
Seed
Funding
Office
Space
On‐going
Mentoring
Par>cipa>on
<
10
%
Collabora>on
amongst
porSolio
companies
Investment
 By batches of x  By total amount of  Spontaneous  Spontaneous Methodology
 startups per year  money per x years Exit
Horizon
 9 to 24 months  2 to 4 years  4 to 7 years  3 to 6 years  Always
 Frequently
 Some>mes
 Not
Frequent
 Never

  6. 6. Startup
Bootcamp
is
an
European
accelerator
program
for
 startups
   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
Highlights 
   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
 Month 1  Month 2  Month 3  Investor  Shape Build Sell Day  Format 
   Refine
idea

   Release
Beta
   Validate
business
 (data,
data,
data)
 model
   Refine
business
   Engage
mentors
 model
   First
customers
&
 funding

  7. 7. 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  •  Founded
in
2010
 Copenhagen (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  Madrid & Barcelona (2009)  Europas Awards
2010

  8. 8. The
objec>ve
of
this
partnership
is
to
launch
Europe’s
top
 accelerator
program
with
5+
chapters
under
one
fund

Our
Future
‐
StartupBootcamp
Europe   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
 bwv   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

  9. 9. The
success
of
both
programs
and
their
alliance
has
not
gone
 unno>ced
by
the
mainstream
media

Okuri
will
organize
this
year
a
program
with
cash
injec>on
from
 The
program
is
now
preparing
to
launch...
a
joint
venture
the
start.
It
is

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

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

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

Some
of
our
confirmed
mentors
and
ambassadors  Arican Wegter Alejandro Santana Michael Jackson Co-Founder and MD at CEO at Perennius. Board Partner at Mangrove Partners. LOVEFiLM member at Fides Capital Former VP at Skype Tommy Ahlers Gregor Gimmy Jeff Coe CEO at Podio CEO and founder at Sclipo Entrepreneur and MD at Linden Ventures Francisco Rivillas Jenaro García Tanveer Sharif Strategic Partnerships Manager Founding partner and CEO Founder of Vopium at Google at GrupoGowex Inés Leopoldo José M. Joana Luis M. Cabiedes CEO and Partner at Advisor at ESADE. Former Managing Partner at Mitsue Venture Partner at IBM / PwC Consulting Cabiedes and Partners Jodok Batlogg Nicholas Hawtin Roberto de Diego CTO at VZNet Founder at Risk Containment and Partner at Goya Partners. Former Mentor at President of Solfocus &BT Startup Bootcamp Denmark Europe. Former CEO of Jazztel
  12. 12. Mentors
and
investors
will
benefit
from
ongoing
and
first‐ hand
informa>on
of
the
progress
of
all
par>cipant
startups
3‐month
program
structure
and
follow‐up
period
  Business
 Na>onal
 Issues
 Progress
on 
 Model

 Demo
Day
&
 Exit
 Kick
off
 Review
&
 Objec>ves
 Project
 Review
&
 Demo
Day
 End
of
 Strategy
 European
 Write‐off
 Program 
 Refocus 
 Evalua>on 
 Review 
 Refocus
 Training
 Program 
 Evalua>on 
 Demo
Day
 Assessment 
 Month 0  Month 1  Month 2  Month 3  Month 6  December   Month 12  Shape
 Program
Development
 Build
 Sell
 Follow‐up
&
Exit
Period
 Startups
Performance
Repor>ng
Fund
 Mentoring Mee]ngs (Op-onal) Investors
 One‐on‐One Mee]ngs  Mentoring
Mee>ngs
 Demo
 Demo
Mentors
 Day
 Day
 One‐on‐One Mee]ngs Rest
 One‐on‐One Mee]ngs 
  13. 13. Applica>on
Deadlines
and
Programs
Calendars
 Applica>ons
 Program
 Opening
 Deadline
 Starts
 Ends
Madrid
 21/01/2011
 15/05/2011
 16/06/2011
 23/09/2011
Copenhaguen
 1/06/2011
 15/07/2011
 15/09/2011
 1/12/2011
Dublin
 Jul. 2011  Dec. 2011  Jan. 2012  March. 2012 Berlin
 TBA  TBA  2012  2012 London
 TBA  TBA  2012  2012 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 
  14. 14. Contact
details
Address
further
ques>ons
to:  Alex
Farcet
 Carsten
Kølbek
 Managing
Director
Copenhaguen
 Partner
Rainmaking
 +45
24
29
40
00
 +44
7
500
161
315
 af@startupbootcamp.org
 ck@rainmaking.dk
 Luis
Rivera
 Bernardo
de
Tomás
 Managing
Director
Madrid
 Partner
Okuri
Ventures
 +34
656
306
925
 +34
605
791
870
 lr@startupbootcamp.org
 bernardodetomas@okuri.es
 Eoghan
Jennings
 Managing
Director
Dublin
 +353
86
200
4688

 ej@startupbootcamp.org


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