WelcometoStartupBootcampEurope2011

March2011

Today,investmentinstartupsisregardedasoneofthemainroutestowardseconomicrecovery

Inthepastmonths,investmentsinentreprenuerialeffortshaveemergedinmanyforumsasoneofthepricipalroadstoeconomicrecupera>on

GeneB.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) 

AlanSolomont 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) 

BarackObama President of the United States 

However,theaccelera>onoftherateofchangeofinnova>on,obstructsthecurrenttradi>onalmodelsofinvestment

Therateofchangeoftechnologicalinnova>onisthe>merequirementfortheemergenceofanewdisrup>veelementinthemarketthatcansomehowchangetherulesestablishedsofar.

Therateofchangeoftechnologicalinnova>onhasbeengreatlyaccelerated

Theimplica>onsofthisaccelera>onaretransformingcurrentinvestmentmodel

•  Dras>creduc>oninthewindowofinvestmentopportunity

•  Needtodetecttalentinearlierphasesinordertoinvest

•  Needtosearchforflexiblemechanismsofdevelopmentandinvestmentforstartupsandinvestors.

—  NewDevelopmentModel:Launchfast,failfast,iteratefastandadapttothemarket(demand)constantly

—  NewInvestmentModel:Investearlier(earlierphases),investmorebroadly(porLoliodiversifica>on),sharerisks(moreco‐investment),andsupportstartupsthrough“somethingmore”thanjustmoney(mentoring,contacts,ect.)

Businessacceleratorprogramshavebecomethemostefficientformulatoincreasethesuccessprobabili>esofstartups

  Theacceleratormodelhasrevolu>onizedtheapproachtostartupdevelopmentofferingstartupsaplaLormforsustainablegrowthviaongoingmentoring&seedfunding

  Allowsinvestorsfirst‐handknowledgeofnew&upcomingtrendsininnova>on

  Benefitstheecosystembygenera>nghighvaluedealflow

Seed Investment

Mentoring program

Seed money

Mentoring program

Incubator space Incubator space

Goals: Lower risks and time to market for investors Help startups get traction &

Tradi>onalInvestmentModel AcceleratorModel

What’stherealdifferencebetweenanAcceleratorProgram’offeringtoearly‐stageentrepreneursvs.otherop>ons?

AcceleratorPrograms

IncubatorBusinessAngel

NetworkEarly‐stageVC

SeedFunding

OfficeSpace

On‐goingMentoring

Par>cipa>on<10%

Collabora>onamongstporSoliocompanies

InvestmentMethodology

ExitHorizon

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 NotFrequent Never

StartupBootcampisanEuropeanacceleratorprogramforstartups

Sell Month 3 

  Validatebusinessmodel

  Firstcustomers&funding

Investor Day 

  ReleaseBeta

  Refinebusinessmodel

Build Month 2 

  Refineidea(data,data,data)

  Engagementors

Shape Month 1 

Format

  Eachyear10greatinternet&mobilestartupteamsareselectedfrom200+applica>onsperchapter

  EachStartupBootcampchaptergets8%equityineachoftheir10startups

  EachteamisofferedEUR4,000inseedfundingperteammemberuptoamaximumof3foundersperteam

  Freeincubatorspaceisofferedineachedi>onalongwithotheressen>alameni>espromo>ngcollabora>onandsynergiesbetweentheteams

  50+mentorpoolperchapterformedbysuccessfulentrepreneurs,investorsanddomainexpertsthatwillworkintensivelywiththeteamsduringthe3‐monthprogram

  Theprogramendswithbothana>onalandaninterna>onalInvestorDemoDaywhereteamswillpitchto75+interna>onalBusinessAngels,VentureCapitalistsandCorporateInvestors

Highlights

•  Foundedin2010‐  1edi>onwith10startups

•  Denmark’sfirstacceleratorprogram‐  1stTechstarsGlobalAffiliate‐  BackedbyRainmakingandOkuriamongstotherinvestors

•  Foundedin2009‐  3edi>ons;over40startups

•  Not‐for‐profitpre‐acceleratorprogram‐  Backed&managedbyOkuri‐  ChaptersinMadrid&Barcelona

•  FinalistofTechcrunch’sThe Europas Awards2010

StartupBootcamp(Denmark)&TetuanValley(Spain)aretwoofthemostrenownedprogramsinEurope

OurBackground‐From2localprogramsto1con>nentalprogram 

Copenhagen (2010) 

Madrid & Barcelona (2009) 

Theobjec>veofthispartnershipistolaunchEurope’stopacceleratorprogramwith5+chaptersunderonefund

  Onebrand:StartupBootcamp  BothcapterswilllaunchafundofEUR300keachto

financethe10startupsofeachlocalprogramin2011‐  Spain:JunetoSeptember‐  Denmark:AugusttoNovember

  Wehaverecentlyannouncedtheaddi>onofanewpartner:BandwithVentures(BWV)‐  BasedinDublin(Ireland)foundedby3co‐

foundersof‐  PartnershipswithMNCslikeIBMandCi>‐  LocalprograminJanuary‐March2012

  OnefundforallchaptersofEUR15‐20Mtofinance200+startupsthatwillgothrougheachofthe5chaptersofStartupBootcamp2012‐2017‐  PlannedchaptersinSpain,Denmark,Ireland,

GermanyandUK‐  Interna>onaldemodayattheendofeach

year

OurFuture‐StartupBootcampEurope 

bwv 

Thesuccessofbothprogramsandtheiralliancehasnotgoneunno>cedbythemainstreammedia

"Emprendedor español sin financiación busca...“, D. M. Pérez February 2011

Okuriwillorganizethisyearaprogramwithcashinjec>onfromthestart.ItisStartupBootcamp....“unliketradi>onalventurecapitalfunds,weinvestin10companiesatoncewith8%equitytoOkuri,and92%forentrepreneurs,"saidLuisRivera,founderofOkuri.

…Sincethen,anumberofsimilarprogramshaveappearedinvariousEuropeancountries,likeHackForwardinGermany,SpringboardintheUK,Copenhagen‐basedStartupBootcamp,Madrid’sTetuanValleyandParis’sLeCamping.

"Start‐Up 100: Could Europe build a Y Combinator?“, R. Varza January 2011

Theprogramisnowpreparingtolaunch...ajointventurewithOkuriVenturesinSpain,thenextStartupBootcampwilltakeplacethissummerinMadrid.OkuriVenturesisbehindSpanishaccelera>onprogramTetuanValley

"StartupBootcamp launches in Madrid. Next up: London & Berlin”, R. Varza January 2011

“Dublin: Europe’s Next Startup Petri Dish?”, C. Byrne March, 2011

StartupBootcamp,aEuropeanstartupacceleratornetworkandTechstarsaffiliate,justaddedDublintoitsexis>ngloca>onsofCopenhagenandMadrid.LondonandBerlinwillfollowin2012...Asinglepan‐Europeanapplica>onprocesswillresultintheselectedteamsbeingassignedtothemostsuitablecity.

Other media en which we have appeared 

ThemainkeytosuccessofStartupBootcampresidesintheprogramofcon>nuedmentorship.

Investors 

Directors of Big Companies 

ProfileoftheInvestors Benefits

Successful Entreprenuers  Mentorship

 One‐dayvisitatouroffice:  30min

presenta>on  Privatefeedback

sessionwitheachteam(30min)

Mentorswillsupportthedevelopmentofourstartupsfromtheirexperiences

  Explorepoten>aladvisoryposi>ons

  Earlydetec>onoffuturetrends

  First‐handexperienceofinteres>ngstartups

  Accesstotechnologyinnova>veandcheap

  Possibili>esofearlyduediligence

  Directcontactwithentrepreneurialtalent

  Warm,fuzzyfeelingofhelpingothers

Eachchapterissupportedbyanetworkof75+mentors&ambassadorsthatwillchallengeandenrichourstartupsdaily

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

Someofourconfirmedmentorsandambassadors 

One‐on‐One Mee]ngs 

Mentorsandinvestorswillbenefitfromongoingandfirst‐handinforma>onoftheprogressofallpar>cipantstartups

Write‐offAssessment

KickoffProgram

ProgressonObjec>vesEvalua>on

IssuesReview&Refocus

ProjectReview

BusinessModel

Review&Refocus

Na>onalDemoDay&

EndofProgram

DemoDayTraining

Month 1  Month 2  Month 3 Month 0  Month 12 

EuropeanDemoDay

Month 6 

ExitStrategyEvalua>on

December 

ProgramDevelopment Follow‐up&ExitPeriod

StartupsPerformanceRepor>ng

Mentoring Mee]ngs (Op-onal) FundInvestors

Mentors

Rest

DemoDay

MentoringMee>ngs

One‐on‐One Mee]ngs 

3‐monthprogramstructureandfollow‐upperiod 

One‐on‐One Mee]ngs 

DemoDay

Shape Build Sell

Applica>onDeadlinesandProgramsCalendars

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 

Contactdetails

LuisRiveraManagingDirectorMadrid+34656306925lr@startupbootcamp.org

BernardodeTomásPartnerOkuriVentures+34605791870bernardodetomas@okuri.es

AlexFarcetManagingDirectorCopenhaguen+4524294000af@startupbootcamp.org

CarstenKølbekPartnerRainmaking+447500161315ck@rainmaking.dk

Addressfurtherques>onsto: 

EoghanJenningsManagingDirectorDublin+353862004688ej@startupbootcamp.org