Professional Documents
Culture Documents
The company
Our mission is: Text To help new entrepreneurs get their act together before they talk to investors and get funded
The vision
Textin start-up funding Global market-leader helping new entrepreneurs in emerging start-up markets to get funded the Silicon Valley way.
The problem
Very small fraction of start-ups succeed in getting funded
1-5% (US/UK) start-ups get funding every year. It is an all or nothing game - You win or you lose
Scott Cook was turned down by 39 venture capitalists when he tried to raise money for Intuit. Things worked out well for Scott, in the end. But most entrepreneurs can't afford to take their focus away from their company for that long.
Benefits
You find out whether your idea is viable and fundable. If not, how to fix it. You dont turn off investors because you have not taken care of your basic legals (IP, Confidentiality, Founder Equity) You keep the momentum going and hit the Prep Funder stage!
Target Market: Founder(s) just starting out on the Idea stage and need to have basic concept sketch of what they would like to do e.g. I want to create an online SaaS marketplace and this is what I think so far with opportunity, X target market, product, price and competitors. At this stage, they want to see whether venture is viable and how they can progress it. Legal deep clean in Venture Analysis is very high level and its aim is to ensure the basics are covered re red lines for investors e.g. no Founder agreement, IP assignment, NDA and Mentor/Adviser Agreements. Purpose of Tracker is retention and upgrading them to Start Funder within 3 months. This is how long it should take them to finish the preliminary business plan and enter Phase 2. If not progress, we stop Progress Tracker and tell them to come back when they have business plan ready for review.
Monthly Progress Tracker CRM (up to 3 months depending on progress) FREE Legal Deep Clean Review & Report If you sign up 2 more start-ups
Target Market: Founder(s) just starting out on the Idea stage and need to have some concrete ideas about what they would like to do e.g. create an online SaaS marketplace and this is what I think so far with X target market, product price and competitors. At this stage, they want to see whether venture is viable and how they can progress it. Legal deep clean in Venture Analysis is very high level and its aim is they dont lose any basic value by not signing founder agreement, IP assignment, NDA and Mentor/Adviser Agreements. Purpose of Tracker is retention and upgrading them to Prep Funder within 3 months. This is how long it should take them to finish the preliminary business plan and enter Phase 2. If not progress, we stop Progress Tracker and tell them to come back when they have business plan ready for review. But email marketing continues and we check up on them.
The benefits
Startups get the best fighting chance to get funded
Everything is taken care of from 360% angle to get their act together before they approach investors
Scott Cook was turned down by 39 venture capitalists when he tried to raise money for Intuit. Things worked out well for Scott, in the end. But most entrepreneurs can't afford to take their focus away from their company for that long.
The platform
Gust is the entire entrepreneurial ecosystem in a (virtual) box. It is designed to help investors and startups connect, from initial meetings to funding and monitoring." - Esther Dyson, EDventure, Angel Investor
The market
TAM 27,640 new startups launched in 2013 (London hubs)
1. 2.
50m figure is based on moyak.com/papers/business-startupsentrepreneurs.html Total Available Market: http://techcitynews.com/2013/07/15/tech -city-tops-uk-startup-chart-15000-newbusinesses/ Served Available Market:http://techcitynews.com/2013/07/ 15/tech-city-tops-uk-startup-chart15000-new-businesses/
3.
This is a standard and lean product We make our money from 50% markup. Legal Review is template and contracts standard. We would make our money through applying a 50-75% markup
Idea Accelerator
3 monthly payments of 310
Why? Pricing sensitivity is at its highest, especially if they just starting out on the Idea stage and have some ideas about it i.e. I want to create an online marketplace and here is some info on it. They would value more the Legal Deep
Prep Funder
Bespoke
The revenue
Idea Accelerator
2014
40 60
Angel Funder
2016 2014 2015
15 - 25
2015
50 -70
2016
20 30
70 90
Text
10 20
40k 60k
50k - 70k
70k 90k
50k 100k
75k - 125k
100k 150k
The competition
Direct
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Indirect
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In the first 6 months we will focus exclusively on gaining a foothold in the market. This will reconfiguring the MVP based on user feedback. Month 7 onwards we will formulate our growth roadmap. We estimate that growth will come through: International Network Expansion We can use the existing DACB international network of offices and affiliates (Eastern Europe, South America, China, India) to develop a franchise for sale to franchise the Lean Fundly model once it has got proven traction.
Partnership with other intermediaries in the start-up ecosystem e.g. incubators, accelerators
Product Development & Diversification
This will be easier to do once we have established a firm foothold in the market.
Angel Funder
The investment
Partner & International Network Development advice 70% Marketing & PR
2,000
Social CRM (Nimble) Payment Gateway (Stripe) 15% 15% Hosting
Advisers
Harry Arbassa Starter & Product Guy Manos Vranakis Founder & CEO
www.linkedin.com/pub/harryarbasa/49/145/6a7
Contact
Manos Vranakis Founder & CEO labs@leanfundly.com +44 (0)207 894 6799