eegloo business lab pitch @ TechHub Riga monthly meetup
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Transcript of eegloo business lab pitch @ TechHub Riga monthly meetup
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13+ yearsin web/mobile development+money +experience -‐perspective -‐fun
Arghhh, I’m gonna die!
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To surviveyou need to adapt
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3 startupsSaaS/social/mobile
-‐money ++experience ++perspective +fun
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What eegloo actually is?
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An igloo (Inuit language: iglu,[1] ᐃᒡᓗ [iɣ.'lu] or snowhouse is a type of shelter built of snow, originally built by the Inuit.
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a new type of incubator that offers its' inhouse team & cozy place to bake lean, itch-‐scratching, globally-‐oriented and
revenue focused startups.
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Bakery
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Get feedback.Launch.
Pivot.
3x
3x
3x
Much faster...
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How it was born
Solo founders take 3.6x longer to reach scale stage compared to a founding team of 2 and they are 2.3x less likely
to pivot.
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How it was bornMany investors invest 2-‐3x more
capital than necessary in startups that haven’t reached problem solution ;it yet. They also over-‐invest in solo founders and founding teams without technical
cofounders.
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How it was born
Startups need 2-‐3 times longer to validate their market than most
founders expect. This underestimation creates the pressure to scale
prematurely.
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The purpose
revenue stream
quality level
time to market
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ABCDRound’mania
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Round’mania
A beer pub growing it’s userbase
Monetization: charge for WC visit :)
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ofZice in Valdemāra Pasāža
Now eegloo is
€200K funded (with €400K cap)
team of 6+ people
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What eegloo has to offer
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designdevelopment
premises
salary
marketing
β
advisory
β
! !
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Focus is the kingwe have some criteria to Zit in
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revenue-‐focused
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itch-‐scratching
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light-‐n-‐lean
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go-‐global
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trendy-‐but-‐classic
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tech-‐able
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business-‐light
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Let’s take an overview
revenue-‐focused itch-‐scratching light-‐n-‐lean go-‐global
trendy-‐but-‐classic tech-‐able business-‐light
! ! ! !
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Startups at any stage are welcome
idea + founder prototype + founder prototype + founder
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idea + founder prototype + founder prototype + founder
Stage VS Equity
90%....50%....10%
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Startup LifecycleDevelop prototype
<6w <4w
Launch & Market
<8w
Pivot. Develop 2nd version
<6w
Update & get feedback
<8w
Pivot. Develop 3rd version
<4w
Get Zirst revenue or hit milestone
exit &Zly
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Underperforming is not an option.Life is tough.
We’ll keep startup pool alive.
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Future ahead5-‐8 startups this year
get another € 200K on boardeegloo@Stockholm in a yeareegloo@Berlin in two years
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Thanks to Māris Jansons for the delicious snacks!