Angels & Demons
Who Am I?
- 15+ years web application development
- Developed software for businesses in the Caribbean, US, UK and AU
- Work with startups in the US and UK with their technical, resourcing and funding challenges
donnie@sixberries.com | http://sixberries.com | https://www.linkedin.com/in/donniebachan
Where are you now?
The Idea
Pinky, we're going to
take over the world!
The Prototype
I present to you the Animal Atomizer, a device which changes people into different types of animals.
It doesn't have to be great, it just needs to work
The MVP
Users/Revenue
Profit
Exit/IPO
Idea
Prototype
MVP
Users/Revenue
Exit/IPO
Seed
vs
Angel
vs
VC
Show me the money!
But from where?
-
How much money do I need?
-
For what do I need the money?
-
Will I be in a position to repay this money?
Seed Funding
- Relatively small amounts
- Used mainly for R&D
- Very early stage in the business lifecycle
- Friends, Family, Loans, Grants, Competitions, Crowd Funding or Crowd Lending
Angel Funding
- You've got an MVP and want to build on it
- You need help to acquire users
- Amounts less than 2 million dollars
- Need to grow (get more than money)
- Lose equity stake in business
Traditional VCs
- Growth and expansion
- Preparing for Exit or IPO
- Very large amounts
- Very difficult to actually get VC funding (Series A, B rounds)
What is an Incubator?
You
Tech
Finance
Users
Investors
Marketing
Workspace
Incubators
- Provide you with seed capital to work on your project
- Takes an equity stake in the business (pre/post money)
- Helps you to develop and deliver your MVP by providing Mentorship, Advisory and Resources
- Helps to get angel investment to move the project forward
The Atlas Project
(codename for a new, soon to be launched, incubator program)
- A European and Caribbean initiative
- Develop local based projects that have regional and global appeal
- Nurture local talent to think internationally
- Create a network of local and foreign based angel investors
- Full circle incubation including business development, mentorship, advisory, local development talent and local and global investment
Thank you,
Good Luck
Donnie Bachan
donnie@sixberries.com
http://sixberries.com
https://www.linkedin.com/in/donniebachan