Presentation to MoMo London - February 2014

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How the London Accelerator & Seed Investment Scene is looking in 2014 ( Get to the end and you will find lots of links to who is investing in W 2014? )

Transcript of Presentation to MoMo London - February 2014

  • Accelerating and Financing Londons Tech Sector Start-ups. . John Spindler CEO of Capital Enterprise @capenterprise 1
  • A start-up is an organisation in search of a repeatable and scalable business model Eric Ries- Author of the Lean Start-up. @capenterprise 2
  • Scale focused start-ups aredifferent Ambitious: want to be worth 20M+ minimum in 3 years. Solve a big problem for potential customer in a Game Changing way. Build/leverage new technology/ business model innovations Acquire and leverage as many Unfair Advantages as possible- team, key partners, resources etc Move very FAST @capenterprise 3
  • An Investable Start-up Needs.. Team, Tech & resources that is FIT for the task of creating an awesome company Smart Ass Team Product that is the best solution FIT for the target customers problems. Disrupting a Big Ass Market with a Kick Ass Product ( Jeff Clavier 3 Ass-es rule) Business Model that is FIT to be scaled. + Capital Efficient to Scale. @capenterprise 4
  • How! Advance in Stages ..using the Lean Start-up Method @capenterprise 5
  • Idea to Tech Business- Three Chasms.
  • Help in Forming & Exploring Ideas @capenterprise 7
  • Sources of Start-up Help for Tech Entrepreneurs Information: Capital Enterprise; Meet-up - Mobile Academy- Makers Academy- GoGowo- Skills Matter- Start- up Britain - British Library- Google Campus- General Assembly- Innovation Warehouse- IC Tomorrow - UCL Decide- Start-up Weekend- London- Launch 48- Start-ups on Air at Google Campus Hubventurelabs - 3 Beards- Tech Hub- Dreamstake- Capital List Get Together- @capenterprise 8
  • Forming Businesses.. ideas from??? @capenterprise 9
  • Developing the team & Product Hipster (Designer) Hacker (Developer) Hustler (Distributor) @capenterprise 10
  • Minimum Viable Product (MVP): Problem Solution FIT @capenterprise
  • Proof of Concept? Does it work? Does anyone care? @capenterprise 12
  • Funding Product Development & Beta Testing Grants & Awards General Technology Strategy Board ( R&D Funding) - Knowledge Transfer Networks- IC Tomorrow- NESTA- London European Enterprise Network- E Funding for SME R&D - EU Funding for R&D collaborations: Knowledge Transfer Partnerships funding support- J4B- Portal for grant finding Translation/ Follow on research funds. @capenterprise 13
  • Crowdfunding (Reward) Crowd funding PlatformsReward based Crowdfunding platforms- will help you to raise funding to build a proto-type and market test a great idea or product.- Great for pre-selling cool tech hardware. (USA) @capenterprise 14
  • Need less than 20K to get to Build and test MVP? No Funds Unemployed? Need Less than 10K to Launch a business New Enterprise Allowance Scheme Self Fund Borrow Write a simple Business Plan & 12 month cashflow Community Development Finance Institution Start-Up Loan Bank Sources of Grants- Competition funding 1000 issued to 10+ businesses per month- Princes Trust 1000- 20,000 Enterprise Loans for Under 25s- or New Enterprise Allowance Scheme Check who delivers the scheme in London by e-mailing Capital Enterprise. Community Development Finance Associations- - Also check out North London Community Finance ELSBC Access to Finance Business Plan support for those looking to raise up to 10K Soft loans for Creative Businesses- @capenterprise 15
  • Idea to Tech Business- Three Chasms.
  • Accelerators help by .. Offering early Stage Entrepreneurs Fellow Community of entrepreneurs & supporters Runway support & funding (15-100K at standardised investment terms. ) ( 3-6 months on average) Physical Space & Facilities Mentors ( 1st Industry- 2nd Investors) Help to Rapid Field Trail with users & customers. Demo days- Introductions to Investors/ customers so that they can test.. Product- Assess Functional use/ improve design & UX Market Reaction- interest/ usage/revenue - AARRR Revenue/ profit Potentialpricing, market timing, LTV/CCA Business Model- To Pivot or Not To Pivot Investor reaction- interest and valuations Team- ability to work together and deliver.
  • Accelerators In London
  • Accelerators Accelerators : Training & Mentoring programmes that provide fast-track to seed funding for Scalable new businesses 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. Seed Camp: Tech Stars Europe - Wayra- Microsoft Ventures - Start-Up Bootcamp ( 3 new accelerators including Fintech in London)- Emerge Venture Labs- ( Education TECH) Oxygen Accelerator ( Now in London) - BBC Worldwide Labs- Accelerator Academy ( Part-Time)- Fintech Innovation Labs- Entrepreneur First- The Bakery ( Adtech) -!/ Healthbox- Level 39- ( More of an incubator) Idea London ( Cisco, DC Thompson and UCL) IC Start-up- ( Imperial) Bethnal Green Ventures ( Social Impact)- HUB Launchpad- (Social Impact) True Start- (Retail Tech) Eco-Machines incubator (Hardware)- Capitals Accelerator Programme Partners. @capenterprise
  • Capitals Accelerator Programme Partners and CoInvestors Pre-Acceleration Support/ Incubation Acceleration Support Connections to Investors
  • Accelerators want businesses who..
  • Start- Up Funding road map. Hackathons/ Hatcheries/ Meet-ups. Idea Bootstrap- FFF Problem/ Space Exploration MVP Factories Start-up Loans Design/ Prototype Accelerators (Early) SEIS Super Angels/ Angel Groups Innovation Awards Crowdfunding i.e. Kickstarter Beta Test Adapt/ PivotX2 Seedrs/ Crowdcube/F6s Accelerators (Late) Launch Early Stage VCs @capenterprise 22
  • 4 3 1 Idea Stage 2 Commitment Stage- Secure Co-Founders FFF funding round Build & Beta Test Minimum Viable Product Seed Investment Round (Angels + Early VCs) - Prove Business model & acquire metrics to prove scalability 5 Seri