Download to read offline
Uploaded byYJ Min
Mashup workshop 500
This document summarizes YJ Min's experience in 500 Startups Batch 13 accelerator program. It discusses 500 Startups and the 500 Kimchi Fund program for Korean startups, Konolabs' application and acceptance process, details of the 12 week program including location, support programs and networking opportunities. It also compares Silicon Valley to Korea and provides tips on demo day, fundraising, common startup questions, and gains and challenges of participating in the 500 Startups accelerator.
Mashup workshop 500
- 1. Kono Team Story at500 Startups Aug 21, 2015 YJ. Min (yj.min@konolabs.net) Konolabs Inc. (http://kono.ai)
- 2. 500 Startups forKorean 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.. • Konolabs Story • Dec 18, 2014 : Video chatting with Tim Chae • Feb 27, 2015 : Meeting Tim & 500Startups Team • Apr 20, 2015 : Batch 13 Start • Aug 11, 2015 : Batch 13 Demo day
- 4. 500 Startup Batch13 • 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 • Launch fast & hustle! • Numbers : MRR(WRR, YRR), Daily Active User, Churn Out(O), Download, Accumulated numbers(X) • Market, Traction, Retention
- 6.
- 7.
- 8.
- 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 areyou 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 Launchin US : Landing Renewal, Open Beta, v.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 • Timezone difference • People Management • Living Cost • Language & Cultural Difference
- 13. Conclusions • #500Strong isTRUE • 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