Bolsa do Empreendedorismo 6 Fevereiro 2015 Lagoas Park Comissão Europeia
We help startups succeed
Building the next genera/on of global entrepreneurs How? 1. Organize events around startups and innovation 2. Run tech-based startup accelerators 3. Help corporations to work as and with startups 4. Boost Startup Europe with EC Projects Partnerships @Beta i www.beta-i.pt
New Events & Partnerships @Beta i www.beta-i.pt
Lisbon Challenge is a 3-month acceleration program for international tech startups wanting to go global, in one of Europe s most exciting capitals @Beta i www.beta-i.pt
Beta-Innovation (solutions) Capacity building Innovation facilitation Customized accelerators @Beta i www.beta-i.pt
European Projects - ATALANTA @Beta i www.beta-i.pt
7.000+ par/cipants in events 3.000+ startups applied 500+ startups supported 60+ startups invested 150+ active startups @Beta i www.beta-i.pt
The Show-Runners
Our 4-year Journey
@Beta i www.beta-i.pt
n o b s i L e g n e l l Cha @LisbonChallenge www.lisbon-challenge.com
Lisbon Challenge is an international 3-month acceleration program for global tech startups in one of the most exciting startup capitals in Europe @LisbonChallenge www.lisbon-challenge.com
+120 startups +20 countries 3 alumni at YCombinator 3 alumni invested by Seedcamp @LisbonChallenge www.lisbon-challenge.com
Lisbon Challenge targets global tech startups in prototype & product stage with strong teams Tech startups Prototype or product phase 50% tech-based founders @LisbonChallenge www.lisbon-challenge.com
Lisbon Challenge in a nutshell @LisbonChallenge www.lisbon-challenge.com
Lisbon Challenge is structured in 3 main phases @LisbonChallenge www.lisbon-challenge.com
Lisbon Challenge takes place at the core of one of the coolest European capitals Lisbon Startup Hub Lisbon considered the most entrepreneurial European region for 2015 @LisbonChallenge www.lisbon-challenge.com
Lisbon Challenge after 1.5 years 156 startups +50% web&mobile 50% international 20 different countries 89% software 70% mvp ready @LisbonChallenge www.lisbon-challenge.com
This is the typical profile of a LC startup 1 year (Avg. startup age) 2 founders 1 employee (Team composition) 30 years (Avg. founder age) STARTUP 93,5% male 6,5% female (Founder gender) @LisbonChallenge www.lisbon-challenge.com
Most startups improve their business idea, and pivot their business model 79% Improved business idea 67% Changed value proposition 55% Changed revenue model 65% Redefined target market @LisbonChallenge www.lisbon-challenge.com
Access to new contacts and partnerships, communication and sales are most valued 100% Upgraded contacts network 94% Improved business partnerships 80% Improved communication strategy 75% Improved sales skills 71% 47% Progressed in product development stage Changed team @LisbonChallenge www.lisbon-challenge.com
Traction is a top priority with most startups reporting relevant growth rates Startups doubled their consumer base 21% startups increased revenue 270% increase in paying users @LisbonChallenge www.lisbon-challenge.com
Startups are able to generate impact in jobs and investment raised +500 Jobs created 40% Startups raised investment +30m Investment raised @LisbonChallenge www.lisbon-challenge.com
Beta-i alumni A growing alumni network with over 120 startups strong @LisbonChallenge www.lisbon-challenge.com
Applications Closed 250 Startups 72% international @LisbonChallenge www.lisbon-challenge.com
What people are saying @LisbonChallenge www.lisbon-challenge.com
The Accelerators Era The new paradigm
Accelerators are on the rise and are the new entrepreneurship paradigm YCombinator $100K-200K investment 3 months acceleration 622 invesments 500 Startups $25K-2250K investment 4 months acceleration 671 investments Seedcamp $0K $250K investment 1 year incubation 49 investments @Beta i www.beta-i.pt
It has never been so easy to start a startup: less capital, more customers, more capital Less Capital Required to build product Get to market More Customers Via Online platforms (100M+ users) Lost of little bets Accelerators, Angels, Angel List, Small Exits Dramatically Reduced Cost Funding Platforms Servers, software, bandwiidth Kick Starter Angel List Funders Club Search Social Media Google Facebook Twitter YouTube Pinterest Instagram Tumblr Accelerators Angels? Ycombinator TechStars 500 Startups Capital CoWorkin g Mentoring Design Data Distribution Access to Online Platforms 100M-1B+ consumers, smallbiz Mobile Apple Android Small Exits? Fast, Cheap Fall Network effects Quantitative + iterative investments @Beta i www.beta-i.pt
Talent, metrics, co-founders, funding and accelerators are widely available Startups & Metrics Investors Founders Accelerators Talent @Beta i www.beta-i.pt
The startup investor Ecosystem is becoming smarter, more focus and fluid Pre- Seed (<$10M) Micro-VC ($10M-$100M) Big VC Funds ($100M-$500M) Huge VC Funds (>$500M) @Beta i www.beta-i.pt
A dynamic Startup Ecosystem has to have a big pipeline with many small bets on the bottom @Beta i www.beta-i.pt
Some Guidelines on how to start a Startup
The prerequisites for a startup team 2-4 people, 50% tech, friends or colleagues 1 year s worth of cash each Everyone ready to quit their jobs @Beta i www.beta-i.pt
Todays startups area about getting things done and fast - MVP / iterate @Beta i www.beta-i.pt
Learn by doing: Because you are nothing until you launch most plans fail @Beta i www.beta-i.pt
It s all about finding how to grow fast and focusing on traction Goal: 10% growth per week @Beta i www.beta-i.pt
You are the startup, everything is about PR and managing relationships well @Beta i www.beta-i.pt
Fundraise only when and what you need do it fast and deliver what you say Fast is better Less is better Have good growth @Beta i www.beta-i.pt
Spend wisely: good startups need to have high margins and be very efficient Spend less money Look at what you spend every month Figure out how to spend less @Beta i www.beta-i.pt
Culture and hiring are critical for a successful startup Increase average talent with each hire Be fair and transparent Hire Slow! @Beta i www.beta-i.pt
LEAN INNOVATION (methodology)
Uma startup não é uma empresa em ponto pequeno
Explorar Playful, open-minded risk taking Focus on Jobs-to-be-done Generate the right ideas Fail Fast and Cheap Repeat cycle to learn Executar Linear, stage-gate thinking Deign right the first time Focus on design for X Systematic product design Modelo de Negócio Desconhecido Conhecido Processo Iterativo, não- linear, Lean Innovation Linear, Desenvolvimento de Produto Organização Equipas Multi- disciplinares Funcional/Processual Drive Aprendizagem e Descoberta Eficiência Objectivo Encontrar Maximizar DESCONHECIDO CONHECIDO
Startup Explorar Playful, open-minded risk taking Focus on Jobs-to-be-done Generate the right ideas Fail Fast and Cheap Repeat cycle to learn Empresa Executar Linear, stage-gate thinking Deign right the first time Focus on design for X Systematic product design Modelo de Negócio Desconhecido Conhecido Processo Iterativo, não- linear, Lean Innovation Linear, Desenvolvimento de Produto Organização Equipas Multi- disciplinares Funcional/Processual Drive Aprendizagem e Descoberta Eficiência Objectivo Encontrar Maximizar DESCONHECIDO CONHECIDO
LEAN innovation é a nossa metodologia de exploração...
Inovação de modelo de negócio LEAN Startup Design Thinking
Gestão Inovação de modelo de negócio Engenharia LEAN Startup Design Design Thinking
@LisbonChallenge www.lisbon-challenge.com
Thank you! Pedro Rocha Vieira 919 561 688 pedro.rochavieira@beta-i.pt @LisbonChallenge www.lisbon-challenge.com