tech startup day - funding- ownership & exit scenarios - patrick vandrabant
Post on 15-Apr-2017
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Connected Helmet for bicyclists
Bicycle lock with GPS/Bluetooth/…
Think tank for lost businesses/industries
Develop an Uber-like app
What kept coming back…• “Goesting” to do something together• Make money support other initiatives on a sustainable basis• We want to build something!• “you’re done if you’re over 35”…yeah right…
“We believe that the internet of things can play a valuable role in our health and can connect us in
a relevant way”
“We aim to launch a device that not only measures our health but also connects us to our beloved ones,
doctors, nurses”
Resources• 2-3 half to full time (willingness to invest time for shares?)
• Entrepreneur
• with hardware specialism
• Entrepreneur
• with software specialism
• Entrepreneur
• with sales- and marketing specialism
1. Concept (on paper) - researched and tested by 1/Apr
1. Technical design and requirements
2. Mockup - tested by 1/June
1. Supplier selected
2. Wireframe for the app
3. Look-a-like device
3. Prototype (device&app) - Built by 1/July
4. Prototype tested, pre-ordering - (Kickstarter)- by 1/Sept
5. Production and web(-shop) and app built - by 1/Nov
6. …
Group finances steps 1-3
Financially• Gforever : 55K
• Viability study
• Uest : • IP transferred in here• 550K was raised by the original group in order to come to a product
• Structured approach towards additional capital• 1/3 from the founders• 1/3 from“like minded” entrepreneurs• 1/3 from a reference shareholder
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