6. 36 is the average age
of NDRC founders
29% of NDRC
companies have
women in the founding
team
51% of NDRC companies
receive follow on
investment
10% of
applications to
NDRC are from
international
entrepreneurs
NDRC Startups – Some Facts
7. Newswhip
Joined NDRC Programmes in 2011
Announced €6m Series A Feb ‘17
Secured €8.1m funding to date
Logentries
Joined NDRC Programmes in 2010
Raised €10m Funding
Acquired €60m in Oct 15
Artomatix
Joined NDRC Programmes in 2014
Announced €2.1m funding March 17
Nuritas
Joined NDRC Programmes in 2014
Raised €8m funding to date ‘15/’16
Soundwave
Joined NDRC Programmes in 2012
Secured €2.6m funding
Acquired by Spotify Jan ‘16
Boxever
Joined NDRC Programmes in 2011
Announced €10.7m series B feb ‘16
Raised €17m funding to date
SilverCloud Health
Joined NDRC programmes in 2009
Announced €7.2m series A Jan 17’
Secured €8.9m funding to date
23. I’ve found a real, poorly-met need
facing a reachable market
I’ve figured out how to solve
the problem in a way they
will adopt & pay for
I’ve built the right
product/features/functionality that
keeps users around
The users and features fuel growth
organically & artificially
I’ve found a sustainable, scalable
business with the right margins in
a healthy ecosystem
I can achieve a successful exit for
the right terms
“Gate” Needed to
Move Forward
Lean Analytics Stage
24. Focus on the goal – validate
your idea to an extent it will
attract next stage capital.
25. Investment
Readiness Level
Complete First-Pass
Business Model Canvas
Market Size/Competitive
Analysis
Problem/Solution Validation
Prototype Low- Fidelity Min.
Viable Product
Validate Product/Market Fit
Validate Revenue Model
Prototype High-Fidelity Min. Viable
Product
Validate Value Delivery
Identify and Validate Metrics that
matter
1.
2.
3.
4.
5.
6.
7.
8.
9.
Place: Building and environment designed to foster the right startup attitude
Fund: €43m under management
People: Team of 12, all with backgrounds essential to business building; all with a requirement to provide real tangible hands on inputs to portfolio companies
Attitude: It’s about a commercial, investment lens on everything we do. Flexibility to respond to learnings and iterate. We’re not an incubator, or a research centre, or just a cash investor. It’s not about the ingredients, its about the recipe