thomas berglund - ´learning by doing´ with angel challenge and upcoming annual summit startup...
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The worlds most extreme startup festival
Coworking space for investors & startups
Investment program to learn startup investing
An umbrella organisation for startup ecosystem initiatives
Why We ExistWe are community builders
We work for the startup community
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The worlds most extreme startup conferencival
2017
CONFERENCE
SUMMIT
Open for all, 1 day conference
Invite only, networking summit
13 June
14 - 15 June
Bergen
Voss
STARTUP EXTREME
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Startup EXTREme 2015 in picturesPowered by DNB
•Startup EXTREme 2015 in pictures•Startup SCALING•Startup INVESTING•Angel Challenge finale
“ STARTUP EXTREME– THE NEXT BURNING MAN”
Rolf Assev, Startuplab
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Startup EXTREme 2015 in picturesPowered by DNB
“In just a few years Norway has gone from being a pretty bleak affair, to being a real – if nacent – startup ecosystem. techcrunch.com
CONFERENCE PROGRAM – BERGEN 13/6
SUMMIT PROGRAM - VOSS
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www.angelchallenge.com
Creating a stronger Startup EcosystemBy
Engaging new Investors & Empowering more Startups
LEARN ANGEL INVESTING BY DOING IT
PARTNERS
INVESTORS20+ investors
Invest 50 000 NOK upfront1 investment of 1 000 000
NOK (80 000 USD)
STARTUPSStartups compete for
investmentPre-signed convertible note
+
LEARNING ANGEL INVESTING BY DOING IT
The Angel Challenge Model
STAGE 12 weeks – 3 evenings
Evaluation of 20 startupsSelecting 5 finalists
• Reading applicaitons• Mentoring startups• Pitches and voting
A TWO MONTH PROGRAM Prosess
STAGE 26 weeks – 5 workshops + finale
5 startups + 20 investorscollaborative investing training
• Lectures for all • Startup Workshops• Investor discussions
Phase 1: APPLY
Investor only day
Workshop day & 20 startup pitches
Selecting 5 together
Getting to know the startups
Learning: • Due Diligence• Business Metrics• Investment Strategies• How to pick the winners• IPR• …...
Sharing best practises
World class lectures
Phase 2: PITCHING DAYS
Roundtable investor discussions
Seeing startup progress
Voting
Selecting a winner
Results from 201615 New startups with funding
33+ MNOK invested
30 Startups accelerated with investment training
120 Startups with investor mentoring
130 Investors trained
Best Norwegian Accelerator Program 2016 - For Startups, Nordic Startup Awards
The Norwegian Investment Landscape
Investments were made into startups in 201678
Angel Challenge Investors represent
42%of all l investments below $0,5m
Startup investments in 2016*
Angel Challenge Investments
investments were under $0,5m 33
of these investments are AC investments.19%
* Nordic Web - The 2016 Norwegian Funding Analysis
STARTUP TERMS AND CONDITIONS
• Free for everyone except the winner • Winner pays 50 000,– NOK – gets back as investment
• Sign contract if selected amongst the 5 • Participate in the program (all workshops)
INVESTOR TERMS AND CONDITIONS
• Sign agreement• Transfer 50 000 NOK• Pay 10 000 NOK participation fee
• Participate in the program (2 of 5 workshops to vote)
Program Bergen Spring 17
Angel Challenge Bergen 2017 Investor Deadline – End March
Startup deadline – End FebruaryProgram: 18th April -> 13th June