At the Notation annual LP meeting this past fall, we gave a short talk on how we think about pre-seed investing & risk, and why we think there's a particularly interesting risk versus reward tradeoff at this stage.
Venture Builder / Start-up Factory Model One-slider Infographic Floyd DCosta
Deploying a venture builder / start-up factory model to smartly develop and scale a set of innovative ventures.
A structured, experimental, iterative approach to craft value and generate returns
This presentation will introduce you to the fundamentals of raising capital for venture builders, startup studios. Compared to raising capital for a single startup, the fundraising process is more challenging. Because you are raising money for an organization that will be active participant in building up an entire batch or batches of startups. So you have to show to your investors that you have:
+ A studio leadership team with the power to build an entire portfolio of ventures;
+ The right financial-organizational structure that matches the goals;
+ A coherent vision and venture building thesis;
+ Viability of your approach supported by benchmarks;
+ Strong portfolio of startups and ideas in your pipeline.
This presentation will help you understand the basics of how to build up your fundraising approach.
If you need more help, reach out and I will guide you in:
+ Structuring your venture builder and fundraising strategy;
+ Assess your current material and identify gaps and risks;
+ Preparing for a successful investor meeting;
Attila Szigeti
https://www.attilaszigeti.com/
Slash | The Venture Builder Playbook (5 may2021)Slash
Talk delivered to tech and corporate community on the Venture Builder Playbook.
We covered:
1) Why Venture Building is the new "growth" strategy for corporates worldwide
2) Flavors of Venture Building
3) The Venture Builder Playbook (at a high level)
At the Notation annual LP meeting this past fall, we gave a short talk on how we think about pre-seed investing & risk, and why we think there's a particularly interesting risk versus reward tradeoff at this stage.
Venture Builder / Start-up Factory Model One-slider Infographic Floyd DCosta
Deploying a venture builder / start-up factory model to smartly develop and scale a set of innovative ventures.
A structured, experimental, iterative approach to craft value and generate returns
This presentation will introduce you to the fundamentals of raising capital for venture builders, startup studios. Compared to raising capital for a single startup, the fundraising process is more challenging. Because you are raising money for an organization that will be active participant in building up an entire batch or batches of startups. So you have to show to your investors that you have:
+ A studio leadership team with the power to build an entire portfolio of ventures;
+ The right financial-organizational structure that matches the goals;
+ A coherent vision and venture building thesis;
+ Viability of your approach supported by benchmarks;
+ Strong portfolio of startups and ideas in your pipeline.
This presentation will help you understand the basics of how to build up your fundraising approach.
If you need more help, reach out and I will guide you in:
+ Structuring your venture builder and fundraising strategy;
+ Assess your current material and identify gaps and risks;
+ Preparing for a successful investor meeting;
Attila Szigeti
https://www.attilaszigeti.com/
Slash | The Venture Builder Playbook (5 may2021)Slash
Talk delivered to tech and corporate community on the Venture Builder Playbook.
We covered:
1) Why Venture Building is the new "growth" strategy for corporates worldwide
2) Flavors of Venture Building
3) The Venture Builder Playbook (at a high level)
Laicos is a technology Startup Studio led by Ryan Negri and Kyle Matthews. With 20 years combined operational and startup experience, Negri and Matthews want to shape the up-and-coming startup ecosystem of Tampa, Florida, developing their own ideas to create a new tech hub of innovation and entrepreneurship.
A “Startup Studio” is a structure whose aim is to repeatedly build products into companies. Thanks to its infrastructure and resources, a startup studio increase a product’s chance of success and optimize its creation and growth.
The difference between incubators/accelerators and Startup Studios is the vested human capital involved around an idea. At the core of the startups studio model are dedicated teams helping business ideas develop into beautiful products and successful companies.
Laicos’ flagship inaugural product, Fuse, is a social media management platform for the consumers and power users, with a simple price model and a clean and attractive UI. In addition, Laicos is developing four additional products: BusFinder, currently in beta version, an app utilizing data from the Tampa Public Transportation System; $1Market, to offer many different services to users for $1 dollar/mo, Order to Seat, for fans to order food to their seat while at a stadium or arena, and FoodStops, a food truck tracking app for consumers and marketing platform for vendors. In 20I7, we plan to work with other founders to help turn their ideas into reality.
Corporate Venture Capital best practices from interviews and researchMark S. Brooks
Summary research from interviews with 13 CVCs to identify best practices in creating a corporate venture capital (CVC) unit or a corporate accelerator.
Key takeaways include having clear objectives, clear processes and structure, easy to measure metrics, having patience and board or executive support, and making contributions to select startups that go well beyond capital.
I hope you find it useful. Feel free to distribute further to others who might find value in it.
You can reach me at https://www.linkedin.com/in/markbrooks
Building Startups: the "3rd co-founder model"eFounders
Among the myriad of types of structures breeding startups (incubators, accelerators, etc.), a new successful model has emerged: the startup studio. Brand new, this model is already controversial, as show the announced IPO of Rocket Internet. Here is how we see the startup studio model: as being a 3rd co-founder. You can reed the full version on our blog: http://efounders.co/blog/startup-studio-the-3rd-co-founder-model/
Business Model Generation - Part1: Canvas
Presentation of key concept of Business Model Generation Canvas presented in the www.businessmodelgeneration.com/book. With addition of Startup types and lifecycle from Startup Genome Report (http://startupgenome.cc/).
2020 Banking Consumer Study: Making Digital More Human – UK Findingsaccenture
The 2020 Global Financial Services Consumer study surveyed 48,710 banking & insurance customers globally including 3,000 UK respondents. Read more here.
I would like twenty minutes of your time in which I will present 50 (I know a lot) slides to review 12 Models related to Lean Startup so that I can then introduce the
‘Startup Business Planning Jigsaw’.
The twelve models are:
► Business Model Canvas - Alexander Osterwalder
► Search v's Execution - Steve Blank & Bob Dorf
► Build-Measure-Learn - Eric Ries
►Three Stages of a Startup - Ash Maurya
► MVP and Product Market Fit
►Lean Canvas - Ash Maurya
► Customer Development - Brant Cooper and Patrick Vlaskovits
► Startup Pyramid – Sean Ellis
►Get Keep Grow – Steve Blank & Bob Dorf
► Pirate Metrics – Dave McClure
►One Metric that Matters - Croll & Yoskovitz
The Best Startup Pitchdeck on How to Present to Angels & Venture Capitalist.
Updated Version
Slides by J Skyler Fernandes , Venture Capital & Private Equity at Simon Venture Group
We are big advocates of transparency at Seedcamp and understand first hand just how tough the fundraising process can be. It's not just startups who go through this but funds too. In the spirit of openness, we're sharing the deck we used to go out to investors for Seedcamp Fund IV.
Read more about our plans to invest in 100 new European startups with our biggest and boldest fund yet over on our blog: http://seedcamp.com/seedcamp-fund-iv-announcement/
Organisational Best Practices of Startup Studios Tobi Gutmann
Based upon two reserach papers, I share some high-level organisational best practices of startup studios (also called company builders, venture studios, startup foundry, etc.)
Slash - the Startup Studio Playbook (13 dec2018)Slash
New models for collaboration emerge between corporates, startups and investors.
In his keynote at the Asia Startup Summit, Slash CEO Andries De Vos shares how Slash (www.slash.co) has developed a startup studio model which can be applicable to corporates, investors and entrepreneurs.
Fintech, Online Brokerage & Online Betting - Presentation by Valentin Stalf, Co-Founder & CEO of N26 at the NOAH Conference London 2016, Old Billingsgate on the 11th of November 2016.
Building off the basics presented in VC 101, we will be using the components of a traditional VC investment memo as a vehicle to examine the aspects of an investment opportunity, and the associated analysis, that matter to VCs and why.
Transparency is one of our core values at Seedcamp and we are no strangers to how tough the fundraising process can be. In a continued spirit of openness and to show how - like with startups - our own story and proposition moves on, we're sharing the deck we used to raise our heavily-oversubscribed Seedcamp Fund V.
Read more about our plans to invest in and support the next generation of exceptional European talent on our blog: https://seedcamp.com/news/
Alcuni dati per capire meglio cosa siano le startup, quali gli sbagli da evitare, perchè rivolgersi ad acceleratori come SeedUp Spa per diventare grandi in minor tempo e con meno errori. Sintesi di un incontro tenutosi presso l'Università Federico II di Napoli
Laicos is a technology Startup Studio led by Ryan Negri and Kyle Matthews. With 20 years combined operational and startup experience, Negri and Matthews want to shape the up-and-coming startup ecosystem of Tampa, Florida, developing their own ideas to create a new tech hub of innovation and entrepreneurship.
A “Startup Studio” is a structure whose aim is to repeatedly build products into companies. Thanks to its infrastructure and resources, a startup studio increase a product’s chance of success and optimize its creation and growth.
The difference between incubators/accelerators and Startup Studios is the vested human capital involved around an idea. At the core of the startups studio model are dedicated teams helping business ideas develop into beautiful products and successful companies.
Laicos’ flagship inaugural product, Fuse, is a social media management platform for the consumers and power users, with a simple price model and a clean and attractive UI. In addition, Laicos is developing four additional products: BusFinder, currently in beta version, an app utilizing data from the Tampa Public Transportation System; $1Market, to offer many different services to users for $1 dollar/mo, Order to Seat, for fans to order food to their seat while at a stadium or arena, and FoodStops, a food truck tracking app for consumers and marketing platform for vendors. In 20I7, we plan to work with other founders to help turn their ideas into reality.
Corporate Venture Capital best practices from interviews and researchMark S. Brooks
Summary research from interviews with 13 CVCs to identify best practices in creating a corporate venture capital (CVC) unit or a corporate accelerator.
Key takeaways include having clear objectives, clear processes and structure, easy to measure metrics, having patience and board or executive support, and making contributions to select startups that go well beyond capital.
I hope you find it useful. Feel free to distribute further to others who might find value in it.
You can reach me at https://www.linkedin.com/in/markbrooks
Building Startups: the "3rd co-founder model"eFounders
Among the myriad of types of structures breeding startups (incubators, accelerators, etc.), a new successful model has emerged: the startup studio. Brand new, this model is already controversial, as show the announced IPO of Rocket Internet. Here is how we see the startup studio model: as being a 3rd co-founder. You can reed the full version on our blog: http://efounders.co/blog/startup-studio-the-3rd-co-founder-model/
Business Model Generation - Part1: Canvas
Presentation of key concept of Business Model Generation Canvas presented in the www.businessmodelgeneration.com/book. With addition of Startup types and lifecycle from Startup Genome Report (http://startupgenome.cc/).
2020 Banking Consumer Study: Making Digital More Human – UK Findingsaccenture
The 2020 Global Financial Services Consumer study surveyed 48,710 banking & insurance customers globally including 3,000 UK respondents. Read more here.
I would like twenty minutes of your time in which I will present 50 (I know a lot) slides to review 12 Models related to Lean Startup so that I can then introduce the
‘Startup Business Planning Jigsaw’.
The twelve models are:
► Business Model Canvas - Alexander Osterwalder
► Search v's Execution - Steve Blank & Bob Dorf
► Build-Measure-Learn - Eric Ries
►Three Stages of a Startup - Ash Maurya
► MVP and Product Market Fit
►Lean Canvas - Ash Maurya
► Customer Development - Brant Cooper and Patrick Vlaskovits
► Startup Pyramid – Sean Ellis
►Get Keep Grow – Steve Blank & Bob Dorf
► Pirate Metrics – Dave McClure
►One Metric that Matters - Croll & Yoskovitz
The Best Startup Pitchdeck on How to Present to Angels & Venture Capitalist.
Updated Version
Slides by J Skyler Fernandes , Venture Capital & Private Equity at Simon Venture Group
We are big advocates of transparency at Seedcamp and understand first hand just how tough the fundraising process can be. It's not just startups who go through this but funds too. In the spirit of openness, we're sharing the deck we used to go out to investors for Seedcamp Fund IV.
Read more about our plans to invest in 100 new European startups with our biggest and boldest fund yet over on our blog: http://seedcamp.com/seedcamp-fund-iv-announcement/
Organisational Best Practices of Startup Studios Tobi Gutmann
Based upon two reserach papers, I share some high-level organisational best practices of startup studios (also called company builders, venture studios, startup foundry, etc.)
Slash - the Startup Studio Playbook (13 dec2018)Slash
New models for collaboration emerge between corporates, startups and investors.
In his keynote at the Asia Startup Summit, Slash CEO Andries De Vos shares how Slash (www.slash.co) has developed a startup studio model which can be applicable to corporates, investors and entrepreneurs.
Fintech, Online Brokerage & Online Betting - Presentation by Valentin Stalf, Co-Founder & CEO of N26 at the NOAH Conference London 2016, Old Billingsgate on the 11th of November 2016.
Building off the basics presented in VC 101, we will be using the components of a traditional VC investment memo as a vehicle to examine the aspects of an investment opportunity, and the associated analysis, that matter to VCs and why.
Transparency is one of our core values at Seedcamp and we are no strangers to how tough the fundraising process can be. In a continued spirit of openness and to show how - like with startups - our own story and proposition moves on, we're sharing the deck we used to raise our heavily-oversubscribed Seedcamp Fund V.
Read more about our plans to invest in and support the next generation of exceptional European talent on our blog: https://seedcamp.com/news/
Alcuni dati per capire meglio cosa siano le startup, quali gli sbagli da evitare, perchè rivolgersi ad acceleratori come SeedUp Spa per diventare grandi in minor tempo e con meno errori. Sintesi di un incontro tenutosi presso l'Università Federico II di Napoli
Manuale di marketing operativo, introduzione al marketing, concetto di azienda, comportamenti nel marketing, consigli, gestione del cliente, telefonata
SiamoSoci a Smau: nuove prospettive per investire in startupSiamo Soci
SiamoSoci a Smau ha presentato un workshop dedicato a nuove prospettive dell'investimento in startup. Come avvicinare imprese innovative e capitali? Una risposta è il progetto Club Acceleratori
Scopriamo come Lean Startup può essere uno strumento fondamentale per il successo della nostra startup.
Presentazione tenuta al mini IAD di Vimercate (23 maggio 2015)
Innovazione + internazionalizzazione (pallme x smau) 2015 10-24Oscar Pallme
La presentazione (SMAU 2015 Milano) analizza come nell’era della globalizzazione il successo delle imprese dipenda dalla determinazione e dalle competenze con cui si implementano Internazionalizzazione e Innovazione continua a 360°.
Dal 19 dicembre 2012 soo state create 1.719 Start-up Innovative in Italia.
Per favorire la crescita sostenibile, lo sviluppo tecnologico e l’occupazione, in particolare giovanile;
Per contribuire allo sviluppo di una nuova cultura imprenditoriale, alla creazione di un contesto più favorevole all’innovazione;
Per promuovere maggiore mobilità sociale e attrarre in Italia talenti, imprese innovative e capitali dall’estero.
Norme, opportunità ed esempi per creare una nuova Start-up: la vostra!
Intervento avvenuto nell'ambito del primo Learning Meeting dal titolo Personal branding e Web opportunity svolto a Napoli il 13 marzo 2014.
http://www.wister.it/il-prossimo-wister-learning-meeting-personal-branding-e-web-opportunity-13-marzo-napoli/
2. Cos’è uno
Startup Studio?
In breve:
Uno Startup Studio è una società che costruisce altre Società. In
Startup Gym, trasformiamo idee in prodotti e prodotti in società.
Società che produce startups
Uno startup studio accentra tutte le attività
standard e funge da accentratore di costi per
le Startups create. Pertanto, oltre ad un
notevole risparmio, i team verticali possono
contare su competenze e risorse trasversali.
Copiare idee validate dal mercato
Non reinventeremo la ruota: il mercato
statunitense e asiatico sono fucine di idee già
validate e pronte da essere importante nel meno
innovativo mercato europeo. Le exit delle Startup
possono avvenire proprio nei confronti di questi
competitors, in cerca di espandersi nel nostro
continente.
Da idee a prodotti
Startup Gym segue la generazione delle
Startup fin dall’ideazione. Le migliori idee
saranno portate sul mercato con un MVP, e
solo quelle più promettenti diverranno vere e
proprie Startup con team verticali.
#1
#2
#3
3. Come funziona uno
Startup Studio?
Metodo innovativo
Uno Startup Studio è una struttura il cui scopo
è trasformare ripetutamente i prodotti in
aziende.
Ricerca di nuove idee da copiare in mercati più
avanzati, come gli USA e l’Asia.
1
Creare un team di talento attorno a specifiche
idee, trasformarle in prodotti per scalarle in
aziende.
2
Fornire risorse condivise: Finance, Legal,
Marketing, Sales, Admin con esperienza più che
ventennale.
3
Staff orizzontale, condiviso e full-time per lo
sviluppo tecnologico, design e growth.
4
In quanto azionisti delle nuove società, focus
massimo sulla crescita e lo scale-up.
5
4. Betaworks, EXPA
New York
Hatterey, IdeaLab,
HVF
San Francisco
eFounders
Paris
Rocket Internet,
ProjectA
Berlin
L’ecosistema nel mondo
I migliori Startup Studio
TODO: Mettere loghi
aziende fondate
E altri ancora:
Antai, Barcellona (Glovo, Deliberry)
Founder, Copenaghen (Pleo)
5. STARTUPGYM
STARTUP A Corp
(100% di proprietà di
Startupgym srl)
Progetti
Prodotti
Startups
Progetto I
STARTUP B Corp
(100% di proprietà di
Startupgym srl)
Prodotto 1 Prodotto 2 Prodotto 3
Progetto II Progetto III Progetto IV Progetto V
Il modello Startup Studio
La governance interna
StartupGym è proprietaria del 100% dei progetti, prodotti e Startups create.
es: L’investitore al 20% di StartupGym sarà indirettamente proprietario del 20% di ogni nuova azienda creata.
6. I vantaggi per
l’investitore
Precedenza di investimento
Ownership in tutte le Startup
Portafoglio diversificato
L’investitore, oltre a beneficiare dei proventi e
dell’apprezzamento del valore di Startup Gym, gode
del diritto ad investire per primo in tutti i round delle
Startup create all’interno dello Studio. Così facendo
ha l’importante vantaggio di investire a valutazioni
basse.
L’investitore dello Startup Studio ha il vantaggio di
diversificare il proprio portafoglio. Difatti, investendo
in Startup Gym, l’investitore detiene, indirettamente,
parte del capitale di tutte le aziende create. Ciò riduce
il rischio e aumenta le chances di ritorni più alti
rispetto ad un investimento singolo.
Il vantaggio più importante consiste nell’aver investito in
una realtà che produce, anno dopo anno, nuove
opportunità di investimento di cui l’investitore è già
socio. Startup Gym, creando nel tempo nuove aziende,
permette all’investitore di accrescere il portafoglio
indefinitamente senza alcun successivo investimento.
Se hai il x% di StartupGYM avrai il x% di tutte le
startup neo-costituite.
7. Imprenditore seriale dal 1999, ha creato negli anni:
● Matura.it
● PrezziPazzi.com
● Supermercato24/Everli
● Checkout Technologies
● FrescoFrigo
Il fondatore, Enrico Pandian
Enrico, negli ultimi 6 anni, ha creato tre delle aziende più conosciute nel
panorama Startup italiano. L’idea ora è di “industrializzare” il processo di
creazione di una Startup, e lanciarne diverse in parallelo.
Enrico è conosciuto per le sue capacità di fundraiser, tra i suoi
soci: 360capital, Innogest, Cassa Depositi e Prestiti,
Fondo Italiano d’Investimento, Club Investitori Torino,
Angels for growth, Rancilio Cube e tanti altri.
8. Il caso
Supermercato24/Everli
● Nel settembre 2014 Supermercato24 viene creata
● Lo staff raggiunge le 15 unità
● Vengono raccolti i primi 5M €
● Enrico lascia il ruolo di CEO a Federico Sargenti
(ex-Amazon)
Oggi Supermercato24 è una realtà con più di 220
dipendenti tra Italia, Polonia e Repubblica Ceca e quasi 100
milioni di euro di fatturato.
#1
9. Il caso
Checkout Technologies
Dopo Supermercato24, Enrico ha fondato una società di
intelligenza artificiale in ambito Retail
● Nel maggio 2017 viene creata la società
● Lo staff raggiunge le 15 unità
● In 2 anni vengono raccolti 2m€
● La startup viene acquisita da Standard Cognition
(USA) in meno di 2 anni
#2
10. Il caso
FrescoFrigo
Dopo Checkout Technologies, Enrico fonda un’altra
Startup, FrescoFrigo
● Nel ottobre 2018 viene creata la società
● Lo staff raggiunge le 17 unità
● La società opera in Italia, Regno Unito, Francia e
Austria
● In 2 anni vengono raccolti 3.5m€
● Enrico lascia il ruolo di CEO a Giacomo Pastore (ex
Italia Investimenti private equity)
#3
11. Il modello Startup Gym
La timeline dei nostri prodotti
Non appena l’MVP è
pronto, lanceremo il
prodotto in test e
nelle successive
settimane
analizzeremo come i
clienti hanno
interagito e se hanno
manifestato
interesse.
Analisi e Test sul
mercato
Terzo mese
Lancio della
Startup
Sesto mese
Validiamo idee che
hanno già validato il
mercato in altri
continenti. Ricreiamo
lo stesso modello di
business, partendo da
un MVP per capire se
il timing è corretto
anche in Europa.
Identificazione
idea
Primo mese
Il primo step consiste
nella creazione di un
Minimum Viable
Product (MVP) che ci
permetta di validare il
mercato
velocemente. Lo
sviluppo avverrà
internamente.
Studio e
Costruzione
MVP
Secondo mese
In caso positivo, si
procederà alla
creazione di un team
verticale sul progetto e
di un CEO che lo
gestisca. Non appena il
team è formato, si
procederà alla
creazione della società.
Hiring team
verticale
Quarto mese
Il modello consiste nel creare business scalabili, in modo standardizzato e
rapidamente. Nei successivi 12 mesi la nuova società raccoglierà sul mercato un
capitale minimo di almeno 1M €.
12. Primo anno:
● 2 Software Engineers
● 2 Project Managers
Secondo anno:
● 4 Software Engineers
● 1 Hardware Engineer
● 3 Project Managers
● 1 Designer
CMO
Hiring
CTO
Hiring
CEO CFO
Hiring
CPO
Hiring
I partners e il team
13. La nostra filosofia,
come procederemo
Dopo 20 anni di esperienza nel settore sappiamo cosa può funzionare e cosa può
scalare, le aziende che fonderemo saranno:
Ovvero, con pochissime se non zero
operations off-line.
Digitali, software-based
Il nostro focus sarà mantenere R&D in Italia
ma espandersi da subito in Europa
Europee, non italiane
Per crescere velocemente creeremo le
aziende già con staff in remoto per facilitare
la crescita e l’attrazione dei talenti.
Remote-first
Creiamo aziende che risolvono problemi
ritenuti importanti dai consumatori,, non
dai founders.
Risolvere problemi reali
14. I
2021
II
2022
III
2023
IV
2024
V
2025
Proceeds from services 0.05 0.16 0.2 0.27 0.32
Proceeds from Exits - - - 12.6 12.7
MVPs and tests costs
EBITDA (0.62) (0.93) (1.16) 11.1 10.9
Salaries (0.4) (0.69) (0.89) (1.19) (1.47)
Startups alive 3 5 6 8 9
Expected Exits
value (2025)
25.3M
Expected portfolio
value (2025)
21.38M
Expected TVPI 17.5x
Financials
P&L and Cash-flows
KEY FIGURES
(0.18) (0.31) (0.36) (0.49) (0.58)
Others
(Legal, IT, Ads, Admin, Rent)
(0.09) (0.09) (0.11) (0.11) (0.12)
PORTFOLIO VALUE 1.5 9.37 14.25 18.38 21.38
15. Stiamo cercando
1.000.000 €
25% 65% 10%
Team e R&D Altro
MVPs e Lancio
Stiamo cercando 1 Milione di euro per supportare i prossimi 18 mesi: il capitale sarà
usato per validare più di trenta MVPs e lanciare sul mercato almeno 5 nuove Startups.