Kono Team Story at 500Startups
•
2 likes•305 views
Kono Team was invited one of the batch 13 companies of 500Startups in Silicon Valley. We have graduated from the program this Aug, right after then, I gave the presentations for the Mashup Angels startup workshop.
Recommended
More Related Content
Viewers also liked
Viewers also liked (11)
Similar to Kono Team Story at 500Startups
Similar to Kono Team Story at 500Startups (20)
Recently uploaded
Recently uploaded (20)
Kono Team Story at 500Startups
- 1. Kono Team Story at 500 Startups Aug 21, 2015 YJ. Min (yj.min@konolabs.net) Konolabs Inc. (http://kono.ai)
- 2. 500 Startups for Korean Startups • 500 Startups : http://500.co/ • 500 Kimchi Fund : http://kimchi.500.co/
- 3. Batch ? Investment? • angel.co Apply • Introduction by alumni, your investors, etc.. • Our Story • Dec 18, 2014 : Video chatting with Tim Chae • Feb 27, 2015 : Meeting w/500 Team(Tim, Aerin, and Jess) • Apr 20, 2015 : Batch 13 Start • Aug 11, 2015 : Batch 13 Demo day
- 4. 500 Startup Batch 13 • Location : Mountain View • The most diverse batch to date : 60%, 46% • Weekly program • Perks / Support Program • Networking opportunity • The heart of Silicon Valley
- 5. Silicon Vally vs. Kangnam Style • Speed & Hyper productivity • Tools & Focus : No one talked only few members are building the technology? Yes! It happens! • Launch fast & hustle! • Numbers : MRR(WRR, YRR), Daily Active User, Churn Out(O), Download, Accumulated numbers(X) • Market, Traction, Retention
- 6. Demo Day
- 7. Demo Day
- 9. Fund-raising • Find fit & Good hands • Investor List • VC, Angel meetings • Materials : e-mail blurb, e-mail deck, executive summary, IR_deck • Nikola Tesla Pitching Silicon Valley VCs : https:// www.youtube.com/watch?v=zngK13FMgXM
- 10. FAQ • Why are you unique? What are your competitive advantages • Market size, target market size • Target User Segment • Use cases : Best 3, Worst 3 • Business Model • Exit Plan, Financial Projection
- 11. Gains • Product Launch in US : Landing Renewal, Open Beta, ver 1.0 • Perks : Microsoft, Google, AWS, Paypal, Mixpanel, Sendgrid… • User Growth : • Twitter(@officialkono) : 30 —> 1,700 • Landing sign-up users : 200 —> 1,000 • App Subscribers(3 weeks after launching) : >100 —> 2,000 • People : Mentors, Staffs, Pony Awards, Community • Investment/Partnership Opportunity
- 12. Challenges • Miss-Communication • Time zone difference • People Management • Living Cost • Language & Cultural Difference
- 13. Conclusions • #500Strong is TRUE • Exciting but not easy • Trust you & your team • It’s my/our business! Source : http://www.quora.com/What-is-it-like-being-in-500-Startups