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World-class Startups. Swiss made. Venturelab World-class startups. Swiss Made. Gian Sbetta Startup Program Manager Venturelab Ltd. [email protected]

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Page 1: Venturelab - UZHfb2140b3-bb08-44bb-a12c...“Venturelab has supported us a long way, we have now raised more than 170M.” Johannes Reck, Co-founder GetYourGuide, ETH spin …

World-class Startups. Swiss made.

VenturelabWorld-class startups. Swiss Made.Gian SbettaStartup Program ManagerVenturelab Ltd.

[email protected]

Page 2: Venturelab - UZHfb2140b3-bb08-44bb-a12c...“Venturelab has supported us a long way, we have now raised more than 170M.” Johannes Reck, Co-founder GetYourGuide, ETH spin …

World-class Startups. Swiss made.

Our mission is to support the beststartups in Switzerland withimpactful programs and tools tosuccessfully raise funds and

become world-class startups.

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World-class Startups. Swiss made.

Venturelab AG

▪ Founded in 2004, part of private business in St. Gallen (IFJ Institut für Jungunternehmen AG) founded in 1989

▪ Focus on innovation and hightech: Venturelab > Venture Kick > TOP 100

▪ We design and execute the most impactful support programs for Swiss startups together with industry partners, investors, foundations and government.

▪ International Venture Leader roadshow to Boston, New York, Silicon Valley, China, South Africa, India and Brazil.

▪ Team of 29 in Zurich (startup space), Lausanne (EPFL Science Park) and St. Gallen

▪ 100.000+ participants in workshops and events.

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World-class Startups. Swiss made.

Hightech startup support in Switzerland

Startup Champions Startup Essentials Startup Talents Founders Circle

VK 1 VK 2 VK 3

Startimpuls BP Workshop Incorporation SI Marketing/Sales

Awareness Idea / Concept Stage Startup / Incorporation Growth / Internationalization

ESA European Space Agency

Venture Leaders

TOP 100

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World-class Startups. Swiss made.

Spiriting startups for global impact

Page 6: Venturelab - UZHfb2140b3-bb08-44bb-a12c...“Venturelab has supported us a long way, we have now raised more than 170M.” Johannes Reck, Co-founder GetYourGuide, ETH spin …

World-class Startups. Swiss made.

Pascal Koenig participated in the 1 week workshop

Venture TrainingParticipation in the VentureKick program

Venture KickAva wins the Swisscom startup challenge 2015

Swisscom Startup ChallengeMatchmaking event with selected investors

Startup Grill

Participation in the ventureleaders New York program

Venture Leaders NYPositioning 94 in the Top 100 Swiss startup awards 2015

Top 100 AwardAva participates in the venture leaders China program

Venture Leaders China

10/08 7/15 10/15 9/16

6/15 9/15 9/16

Success Story: AVA AG (Medtech)Natural, reliable and convenient method for birth controlAva crafts a natural and reliable technology that helps couples have a child. An elegant bracelet worn at night is connected via Bluetooth to a smartphone app. Various parameters are measured in order to precisely indicate days on which it is possible to become pregnant, as well as days on which it is not. The technology helps women conceive within a short period of time. Data security and anonymity are secured thanks to a powerful backend.

11/16

Ava closed series A financing of CHF 10 Mio

Financing Round

9/17

Winning the Top 100 Swiss startup awards 2017

Top 100 Award

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World-class Startups. Swiss made.

Your speaker: Gian Sbetta

7

•M.Sc. Innovation & Entrepreneurship

•5 years in the European Startup Ecosytem• Italian Startup

• German Accelerator

• Venturelab Ltd.

• Since 2017 scouting & analyzing the best CH startups 1000+/year

@GianmariaSbetta

https://www.linkedin.com/in/gianmaria-sbetta/

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World-class Startups. Swiss made.

Social media

#SwissStartups@venturelab_ch

Gian Sbetta@ GianmariaSbetta

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World-class Startups. Swiss made.

How to do the «perfect» pitch

Page 10: Venturelab - UZHfb2140b3-bb08-44bb-a12c...“Venturelab has supported us a long way, we have now raised more than 170M.” Johannes Reck, Co-founder GetYourGuide, ETH spin …

World-class Startups. Swiss made.

3 types of pitches

▪ High concept pitch: «we are the X for Y»

▪ Elevator pitch: 30 seconds pitch

▪ Pitch deck: 5-10 min pitch

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World-class Startups. Swiss made.

Quiz time – high concept pitch

We are the Airbnb for Pets

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World-class Startups. Swiss made.12

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World-class Startups. Swiss made.

Before you start

▪ Who is my audience? Mixed, industry experts, business people, students etc…

▪ Know your audience, if possible. Where did they invested? Who is the right person to talk with. Create touchpoints, connections

▪ What is my goal? Raise funds, get feedback, win a startupcompetition, attract talents

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World-class Startups. Swiss made.14

Reality

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World-class Startups. Swiss made.

What investors want to hear from you

▪ Investors´ & VC goal: big exit

▪ Market, technology/idea/product, and people

▪ Your goals are aligned with their goals

▪ Gut feelings

▪ Failure culture (USA)

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World-class Startups. Swiss made.

Practical hints

▪ Avoid too much text, use graphs and tables

▪Write big >30px or more

▪ Keep it simple, not banal

▪ Be prepared and shine, be passionate

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World-class Startups. Swiss made.

Investor Pitch: 10 Slides, 5-10 Minutes▪ Slide 0: Title: Title, logo, claim, date, contact (speaker)

▪ Slide 1-2: Problem/solution: before/after

▪ Slide 3: Product: explain your USPs, IP

▪ Slide 4: Market: size, potential, segmentation

▪ Slide 5: Competition: why you are good

▪ Slide 6: Value chain & business model: who buys what and why?

▪ Slide 7: Roadmap: achievements, milestones, next steps

▪ Slide 8: Team, boards & network: short bios with picture

▪ Slide 9: Financial overview: sales, net profit, FCF, FTEs

▪ Slide 10: Financing: How much? Source? Exit?

▪ Q&A: Links to presentation and backup section

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World-class Startups. Swiss made.18

Slide 0 - Title (Raised $650k with this pitch deck)

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World-class Startups. Swiss made.

Slide 1 - Problem

▪ No generic statements or world problem – customer at the core

▪ Is it a real problem? Is it significant?

▪ Proof? Is it confirmed? Can it be quantified?

▪ Today (bad situation) vs. tomorrow (good situation)

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World-class Startups. Swiss made.20

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World-class Startups. Swiss made.

Slide 2 - Solution

Situation A: today

(Bad) situation for customers

▪ Money spent

▪ Time spent

▪ Lack of quality

▪ Negative impact (ecology, health, etc…)

Situation B: tomorrow, thanks to your startup

(Better) situation for customers

▪ Cheaper?

▪ Faster? Increasedefficiency?

▪ Quality improvement?

▪ Positive impact?

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World-class Startups. Swiss made.22

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World-class Startups. Swiss made.

Slide 3 - Product

▪ Explain your USPs

▪ Do you have IP? Is it patentable?

▪ Explain the magic sauce

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World-class Startups. Swiss made.24

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World-class Startups. Swiss made.

Slide 4 - Market

▪ Buttom Up approach - more conservative

▪ Who is your target customers?

▪ Then discover how big is your potential local market -> from there you canscale

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World-class Startups. Swiss made.26

Slide 5 - Competition

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World-class Startups. Swiss made.27

Slide 6 - Value chain & business model

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World-class Startups. Swiss made.28

Slide 7 - Roadmap

Activities

Resources: Fixed (FTE, space, CAPEX/OPEX etc.), variable (partners, advertising, etc.)

Costs: direct costs / resource … determines your cash-burn to reach a value inflection point

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World-class Startups. Swiss made.29

Slide 8 - Team, boards & network

▪ Don’t show the team at the beginning – we want to understand firstwhat the project is about

▪ Include pictures (a face can be remembered, a name not always

▪ Build up credibility – why are you the right people?

▪ Network/Advisory – who can open doors?

▪ Identify skills needed

▪ Add roles – to show that you have a clear plan

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World-class Startups. Swiss made.30

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World-class Startups. Swiss made.31

Slide 9: Financial overview

▪ It’s the results of your roadmap and activities

▪ Reasoning behind your numbers?

▪ Include Exit scenario(s)

▪ If possible, confirm numbers – check for similar companies/ or inquire with potential customers

▪ Also include bizdev milestones in your roadmap

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World-class Startups. Swiss made.32

Slide 10 - Financing

▪ Include the call to action

▪ How much? Source? Exit?

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World-class Startups. Swiss made.

Wrap-up

▪ Use a structure

▪ Stay simple & K.I.S.S. ( you can always add backup slides)

▪ Do your homework (incl. Q&A)

▪ Build credibility

▪ Be passionate!

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World-class Startups. Swiss made.

Resources

Books:

▪ TED Talks, Chris Anderson

▪ From Zero to One, Peter Thiel

▪ The Lean Startup, Eric Ries

▪ Traction: How Any Startup Can Achieve Explosive Customer Growth

▪ Business Model Canvas, Alexander Osterwalder

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World-class Startups. Swiss made.35

More Resources

Links:

▪ 30 Legendary Startup Pitch Decks

▪ What investors want to hear

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World-class Startups. Swiss made.

Ask the Entrepreneur Workshops at ETH

www.venturelab.ch/entrepreneur

Shape it Execute Get funded

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World-class Startups. Swiss made.

Innosuisse Start-up Training

Commissioned by

5-day workshops in

Business Creation and Business Growth

Tailored to your industry, all over Switzerland:

Apply here: www.venturelab.ch/innosuisse

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World-class Startups. Swiss made.

• CHF 130’000

• Kickers camp

• Power network and exposure

www.venturekick.chA philanthropic initiative of a private consortium

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World-class Startups. Swiss made.

Academia-Industry Training

• Discover the market potential of your project in India

• One-week entrepreneurial program in Bangalore

• The winner gets 10’000.- CHF for its development

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World-class Startups. Swiss made.

Global Reach: Venture Leaders

• Venture Leaders China

• Venture Leaders Boston (Life Science)

• Venture Leaders NYC (Fintech)

• Venture Leaders San Francisco (High Tech)

• 17 Years of Experience

• 300+ Venture Leaders

• www.venture-leaders.ch

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World-class Startups. Swiss made.

Venture Leaders Life Sciences, Boston

• 37 top applications, jury selected 10 winners

• Highlights

• Pitch-battle with American startups on a boat in front of over 300 venture capitalists and guests

• Pitching to Swiss and American guests such as SERI State SecretaryMauro Dell'Ambrogio

• The team presented their innovation to many VCs, including GurnetPoint capital and Third Rock Ventures

Particip

ants

20

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World-class Startups. Swiss made.

Supported founders winning the globe“Finding investors with the right fit for a startup’s vision, culture, and team is always a challenge. Venturelab connected us successfully to the right investors – and allowed us to put the focus back on growing our business.Jan Lichtenberg, Co-Founder of InSphero, world leader in 3D cell culture models

„We started with Venturelab programs. We have now sold our startup to Intel.”Eric Tremblay, Composyt Light Labs acquired by Intel, EPFL spin-off, smart glasses

“Venturelab has supported us a long way, we have now raised more than 170M.”Johannes Reck, Co-founder GetYourGuide, ETH spin-off, world largest activity booking platform