eegloo business lab pitch @ TechHub Riga monthly meetup
34
-
Upload
jean-mauris -
Category
Technology
-
view
318 -
download
4
description
Short insight of what eegloo business lab is. I've pitched it during TechHub Riga Monthly meetup on 9th of May.
Transcript of eegloo business lab pitch @ TechHub Riga monthly meetup
13+ yearsin web/mobile development+money +experience -‐perspective -‐fun
Arghhh, I’m gonna die!
To surviveyou need to adapt
3 startupsSaaS/social/mobile
-‐money ++experience ++perspective +fun
What eegloo actually is?
An igloo (Inuit language: iglu,[1] ᐃᒡᓗ [iɣ.'lu] or snowhouse is a type of shelter built of snow, originally built by the Inuit.
a new type of incubator that offers its' inhouse team & cozy place to bake lean, itch-‐scratching, globally-‐oriented and
revenue focused startups.
Bakery
Get feedback.Launch.
Pivot.
3x
3x
3x
Much faster...
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.
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.
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.
The purpose
revenue stream
quality level
time to market
ABCDRound’mania
Round’mania
A beer pub growing it’s userbase
Monetization: charge for WC visit :)
ofZice in Valdemāra Pasāža
Now eegloo is
€200K funded (with €400K cap)
team of 6+ people
What eegloo has to offer
designdevelopment
premises
salary
marketing
β
advisory
β
! !
Focus is the kingwe have some criteria to Zit in
revenue-‐focused
itch-‐scratching
light-‐n-‐lean
go-‐global
trendy-‐but-‐classic
tech-‐able
business-‐light
Let’s take an overview
revenue-‐focused itch-‐scratching light-‐n-‐lean go-‐global
trendy-‐but-‐classic tech-‐able business-‐light
! ! ! !
Startups at any stage are welcome
idea + founder prototype + founder prototype + founder
idea + founder prototype + founder prototype + founder
Stage VS Equity
90%....50%....10%
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
Underperforming is not an option.Life is tough.
We’ll keep startup pool alive.
Future ahead5-‐8 startups this year
get another € 200K on boardeegloo@Stockholm in a yeareegloo@Berlin in two years
Thanks to Māris Jansons for the delicious snacks!
