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Bjoern Herrmann - blackbox - Stanford - Jan 3 2011
- 2. blackbox
• Preceding organization: techVenture, Cofounder Network, Startup
School, Founders First, Palomar5
• Accelerator vs. incubator
• Startup science & entrepreneurial enlightenment
• Support network
• Born global
• Mc Kinsey for startups
- 3. Target group
• Transformational entrepreneurs
• Technology background
• 80% internet (reinventing service sectors)
• 20% emerging technologies (biotech, nanotech, etc.)
- 4. Deal flow
• Networks: Sandbox, Ted, Singularity University, Palomar5, Cofounder
Network,
• Recruiting: techVenture
• Universities & Accelerators
- 5. Business model
• Seed equity 3-8% of company
• Growth service infrastructure (Education, Market Entrance, Team
Building, etc.)
- 6. Track record
• techVenture (5 years): 42 startups - 15 exits
• Startup School (1 year): 100+ startups - 15+ funded
• Founders First (1 year): 6 startups - 6 funded
• Cofounder Network ( 3 Month): 100 members - 15 matches