Mashup workshop 500

13
Kono Team Story at 500 Startups Aug 21, 2015 YJ. Min ([email protected]) Konolabs Inc. (http://kono.ai)

Transcript of Mashup workshop 500

Page 1: Mashup workshop 500

Kono Team Story at 500 Startups

Aug 21, 2015YJ. Min ([email protected]) Konolabs Inc. (http://kono.ai)

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500 Startups for Korean Startups

• 500 Startups : http://500.co/

• 500 Kimchi Fund : http://kimchi.500.co/

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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

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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

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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

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Demo Day

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Demo Day

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Post Demo Day

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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

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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

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Gains• Product Launch in 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

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Challenges

• Miss-Communication

• Time zone difference

• People Management

• Living Cost

• Language & Cultural Difference

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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