Okuri Ventures - Seed accelerator Fund - Web presentation

1. Welcome to
Startup Bootcamp Europe 2011
March 2011

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
Gene B. Sperling
Director of the Na-onal Economic
Council 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)
“We will overcome the crisis with entrepreneurs, they generate wealth and
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
“Innova-on is a key factor for growth, economic recovery and to
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
United States to Spain
“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

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

4. Business accelerator programs have become the most efficient
formula to increase the success probabili>es of startups
 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
Seed Investment
Mentoring program
Seed money
Mentoring program
Incubator spaceIncubator space
Goals: Lower risks and time to market for investors
Help startups get
traction &
Tradi>onal Investment Model Accelerator Model

5. What’s the real difference between an Accelerator Program’
offering to early‐stage entrepreneurs vs. other op>ons?
Accelerator
Programs
Incubator
Business Angel
Network
Early‐stage VC
Seed Funding
Office Space
On‐going Mentoring
Par>cipa>on < 10 %
Collabora>on amongst
porSolio companies
Investment
Methodology
Exit Horizon
By batches of x
startups per year
9 to 24 months
Spontaneous
2 to 4 years
Spontaneous
4 to 7 years
By total amount of
money per x years
3 to 6 years
Always Frequently Some>mes Not Frequent Never

6. Startup Bootcamp is an European accelerator program for
startups
Sell
Month 3
 Validate business
model
 First customers &
funding
Investor
Day
 Release Beta
 Refine business
model
Build
Month 2
 Refine idea
(data, data, data)
 Engage mentors
Shape
Month 1
Format
 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
 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
Highlights

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

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

9. The success of both programs and their alliance has not gone
unno>ced by the mainstream media
"Emprendedor español sin financiación busca...“, D. M. Pérez
February 2011
Okuri will organize this year a program with cash injec>on from
the start. It is StartupBootcamp. ... “unlike tradi>onal venture
capital funds, we invest in 10 companies at once with 8% equity
to Okuri, and 92% for entrepreneurs," said Luis Rivera,
founder of Okuri.
… Since then, a number of similar programs have appeared in
various European countries, like HackForward in Germany,
Springboard in the UK, Copenhagen‐based StartupBootcamp,
Madrid’s Tetuan Valley and Paris’s Le Camping.
"Start‐Up 100: Could Europe build a Y Combinator?“, R. Varza
January 2011
The program is now preparing to launch... a joint venture
with Okuri Ventures in Spain, the next StartupBootcamp will
take place this summer in Madrid. Okuri Ventures is behind
Spanish accelera>on program Tetuan Valley
"StartupBootcamp launches in Madrid. Next up: London & Berlin”, R. Varza
January 2011
“Dublin: Europe’s Next Startup Petri Dish?”, C. Byrne
March, 2011
StartupBootcamp, a European startup accelerator network
and Techstars affiliate, just added Dublin to its exis>ng
loca>ons of Copenhagen and Madrid. London and Berlin will
follow in 2012... A single pan‐European applica>on process
will result in the selected teams being assigned to the most
suitable city.
Other media en which we have appeared

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

11. Each chapter is supported by a network of 75+ mentors &
ambassadors that will challenge and enrich our startups daily
Arican Wegter
Co-Founder and MD at
LOVEFiLM
Alejandro Santana
CEO at Perennius. Board
member at Fides Capital
Michael Jackson
Partner at Mangrove Partners.
Former VP at Skype
Tommy Ahlers
CEO at Podio
Jeff Coe
Entrepreneur and MD at
Linden Ventures
Francisco Rivillas
Strategic Partnerships Manager
at Google
Gregor Gimmy
CEO and founder at Sclipo
Inés Leopoldo
CEO and Partner at
Mitsue Venture
Tanveer Sharif
Founder of Vopium
Jodok Batlogg
CTO at VZNet
Nicholas Hawtin
Founder at Risk Containment and
Mentor at
Startup Bootcamp Denmark
Roberto de Diego
Partner at Goya Partners. Former
President of Solfocus &BT
Europe. Former CEO of Jazztel
Jenaro García
Founding partner and CEO
at GrupoGowex
Luis M. Cabiedes
Managing Partner at
Cabiedes and Partners
José M. Joana
Advisor at ESADE. Former
Partner at IBM / PwC Consulting
Some of our confirmed mentors and ambassadors

12. One‐on‐One Mee]ngs
Mentors and investors will benefit from ongoing and first‐
hand informa>on of the progress of all par>cipant startups
Write‐off
Assessment
Kick off
Program
Progress on
Objec>ves
Evalua>on
Issues
Review &
Refocus
Project
Review
Business
Model
Review &
Refocus
Na>onal
Demo Day &
End of
Program
Demo Day
Training
Month 1 Month 2 Month 3 Month 0 Month 12
European
Demo Day
Month 6
Exit
Strategy
Evalua>on
December
Program Development Follow‐up & Exit Period
Startups Performance Repor>ng
Mentoring Mee]ngs (Op-onal)
Fund
Investors
Mentors
Rest
Demo
Day
Mentoring Mee>ngs
One‐on‐One Mee]ngs
3‐month program structure and follow‐up period
One‐on‐One Mee]ngs
Demo
Day
Shape Build Sell

13. Applica>on Deadlines and Programs Calendars
Opening Deadline Starts Ends
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
Applica>ons Program
Madrid
Copenhaguen
Dublin
Berlin
21/01/2011
1/06/2011
Jul. 2011
TBA
15/05/2011
15/07/2011
Dec. 2011
TBA
16/06/2011
15/09/2011
Jan. 2012
2012
23/09/2011
1/12/2011
March. 2012
2012
London TBA TBA 2012 2012

14. Contact details
Luis Rivera
Managing Director Madrid
+34 656 306 925
lr@startupbootcamp.org
Bernardo de Tomás
Partner Okuri Ventures
+34 605 791 870
bernardodetomas@okuri.es
Alex Farcet
Managing Director Copenhaguen
+45 24 29 40 00
af@startupbootcamp.org
Carsten Kølbek
Partner Rainmaking
+44 7 500 161 315
ck@rainmaking.dk
Address further ques>ons to:
Eoghan Jennings
Managing Director Dublin
+353 86 200 4688
ej@startupbootcamp.org