Pitch Foundation - TheFamily

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The information contained in this document is being provided on a confidential basis to the recipient solely for the purpose of evaluating TheFamily (“TheFamily” or the “Company”). The document is intended for the exclusive use of the persons to whom it is given. By accepting a copy of this document, the recipient agrees, for itself and its related bodies corporate, and each of their directors, officers, employees, agents, representatives and advisers, to maintain the confidentiality of this information. Any reproduction or distribution of this document, in whole or in part, or any disclosure of its contents, or use of any information contained herein for any purpose other than to evaluate an investment in the Association, is prohibited. The information contained in this document or subsequently provided to the recipient whether orally or in writing by, or on behalf of the Association, or any of its respective related bodies corporate, or any of their respective partners, owners, officers, employees, agents, representatives and advisers (the “Parties”) is provided to the recipient on the terms and conditions set out in this notice. TheFamily

Transcript of Pitch Foundation - TheFamily

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The information contained in this document is being provided on a confidential basis to the recipient solely for the purpose of evaluating TheFamily (“TheFamily” or the “Company”). The document is intended for the exclusive use of the persons to whom it is given. By accepting a copy of this document, the recipient agrees, for itself and its related bodies corporate, and each of their directors, officers, employees, agents, representatives and advisers, to maintain the confidentiality of this information. Any reproduction or distribution of this document, in whole or in part, or any disclosure of its contents, or use of any information contained herein for any purpose other than to evaluate an investment in the Association, is prohibited. The information contained in this document or subsequently provided to the recipient whether orally or in writing by, or on behalf of the Association, or any of its respective related bodies corporate, or any of their respective partners, owners, officers, employees, agents, representatives and advisers (the “Parties”) is provided to the recipient on the terms and conditions set out in this notice.

TheFamily

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TheFamily is an accelerator, whose mission is to support early stage startups from [0] to [1] through education & unfair advantages.

TheFamily

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Alice Zagury, Cofounder & CEOFormer Le Camping Manager

1st startup Accelerator in France

• 36 startups created in 3 batches

• Fundraised a € 1.2M budget (+75% from private partners)

• 18 startups raised more than €5M (50% in USA)

• 4 startups sent to the top 10 accelerators

Techstars Boston, IO Ventures, WebFWD & Excelerate Labs

• Partnerships with BNP-Paribas, Orange, Google & SNCF

• They came to Le Camping: Eric Schmidt, David Drummond, Jacques-Antoine Granjon,

Xavier Niel, Brad Feld, Bob Dorf

Oussama Ammar, Cofounder & Partner

Former Le Camping Entrepreneur In Residence Sciences Po Teacher & former Founding-CEO of Hypios

• 5 companies created with 2 exits

• 3M$+ fundraised for Hypios

• Lived in San Francisco, Hong Kong, Sao Paulo, Paris & Lebanon

• 21 angels Investments (e.g. LocalMotion & Startup Genome)

• Teaches entrepreneurship in Sciences Po Paris

• Advised Brazilian officials on Ecosystem issues related to SV

• Helped startups fundraise more than 10M $ in 2011-2012

Nicolas Colin, Cofounder Published a report commissioned by the French

Government on the digital economy Former Founder CEO of 1x1connect & co-founder of Stand

Alone Media

• Co-author of “L'Age de la multitude” with Henri Verdier.

• Graduated from the ENA

• Worked as an Inspecteur des finances

• Teaches at Telecom Bretagne and at Sciences Po. Used to

work as an expert for the Institut Montaigne and the Conseil des

Prélèvements Obligatoires.

• Member of think thanks Futurbulences and Club du 6 main, &

of the steering committee of the Rules for Growth Institute and

Cap Digital.

TheFamily

They Met & the Magic Happens

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Silicon Valley Paris

Startup Output Index 1st 14th

Funding Index 1st 13th

Company Performance Index 1st 4th

Talent Index 1st 17th

Support Index 1st 6th

Mindset Index 1st 12th

Trendsetter Index 1st 15th

Differentiation from SV Index 1st 6th

Source: Startup Ecosystem Report 2012

TheFamily

The French Startup Ecosystem Is Toxic

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A Startup Isn’t a Smaller Version of a Large Company

Startup \ˈstärt-ˌəp\ - noun

1. A STARTUP IS A TEMPORARY ORGANIZATION IN SEARCH OF A SCALABLE, REPEATABLE AND PROFITABLE BUSINESS MODEL.

See also: A scalable startup is designed by intent from day one to become a large company. Scalable startups aim to provide a tremendous return to their founders and investors.

Applying rules of established companies to startups is irrelevant, distracting and clearly damaging while growing and managing a startup.

TheFamily

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TheFamily

For the past 20 years, the French ecosystem has been focusing on SME resulting in a nonproductive mechanism designed to enhance the emergence of massively successful startups. The Government implements top-down policies and infrastructures that create too many walking deads.

Bad Criteria Creates the Wrong Focuses

P.I.A.

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Education& Unfair

AdvantagesScale+ = TheFamily

TheFamily

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Individual Understand emotionally what it takes to become an entrepreneur

Our education shapes the transmission of informal rules at 3 levels:

Education means learning by doing.There is no one good way to educate. But the means can be improved.{ }

Community Learn the culture of the pay-forward and enforce its application

Dream Have the right kind of high ambition

TheFamily

One Is not Born but Rather Becomes an Entrepreneur

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- Understanding Business Process- Formalizing Entrepreneurship Science- Targeting the recurrent problems- Testing solutions at scale- Building in-house software - Building great partnerships & strategic support

B2B Legal TrustBasically? 3 examples of packages to start

Design?

TheFamily

The World Is Unfair, and so Are We

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Pitch & Participate

Bank

Startups

Sales Days

Fortune 500 & CAC 40

Procurement &Invoicing

Participate &Support

VolumeFactoringContracts

ExclusiveContract

TheFamily

UpfrontPayments

TheFamily

B2B A Revolutionary Process for Startup Sales

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{CONSTITUTION Bylaws: French SAS + Delaware C-CorpFounders Terms

INTELLECTUAL PROPERTYTemplate for IPTrademarkDomain NameNDA

MISCELLANEOUSCNILSocial Templates (CDI, CDD, Consulting...)Term of UseConvertible Note

Legal

PAID ONLY AFTER

FUNDRAISING

TheFamily

Startups with the Right Legal Structure

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Tenacity Street Smarts Ability to Pivot

Resiliency Inspiration

Perspiration Willingness to Accept Risk

Attention to Detail Competitiveness

Decisiveness / Gets Things Done Domain Experience

Integrity...

- Investing in an early-stage company is about figuring out the truth of the founders - We offer the guarantee that we will always tell the complete story about each startup- A community of trust for investors to make fast and efficient decisions

Trust

TheFamily

"Conseil de Classe"

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No co-working space Making hackers work in a noisy, distracting environment is inefficient

No batch A different ecosystem calls for different adaptation, timelines and levels of support

TheFamily

The Mechanism Design of Acceleration

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Welcomes New [0] & Celebrates New [1]- Foster emulation through the group- Celebrate the right achievements

TheFamily

Every 7 Weeks, the Countryside Weekend

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A perfect time to stand back and dream. It would probably have been unproductive otherwise ;)

TheFamily

Every Thursday, Dinner with a Vibrant Entrepreneur

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Collective Workshop on Common Issues to Level up- Not only a learning day - a valuable day- Optimization -  no wheel reinvented- Mobilization of the top experts around the world

TheFamily

Every Saturday, the Startup School Day

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- One of TheFamily Partners dedicated to one on one work with the team

- Tailored Education: Maieutic exercise - Assessment of the Startup's current

stage by following up the relevant KPIs- Call with relevant TheFamily's experts

for each specific issue.

TheFamily

Every Week, Office Hours to Keep on Track

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Partying is a serious matter- Spreads the Startup Culture & Generates visibility- One day of conference, demos and party (+1000 guests)

TheFamily

Every Quarter, TheFamily Fair

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- Organized & Planned immersion into the world’s 1st startup ecosystem

- A human bridge between the Valley & Paris- Get boosted with the right partnerships,

investments or suggestions

TheFamily

Every 6 Months, an Expedition to Silicon Valley

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FACTSEntrepreneurship is trusted by Business Schools, which aren't product driven. As a consequence, no scalable startup emerges.

BELIEFS- Anyone can be a hacker- Diversity is king for creativity- The will to DO goes beyond academic matters

ACTIONLeverage the Dark matter - all the hidden hackers - to transform it into a new deal flow.

TheFamily

From People-Flow to a Better Deal-Flow

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TheFamily

It's the Right Time: "Startup is Swagger"

TheFamily

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TheFamily

The Impact of TheFamily on the Ecosystem

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Things are always breaking, and they will break at TheFamily. Our strategy is to create bottlenecks and then hitting them hard. That may sound irresponsible, but in practice, it's the way most complex systems get optimized.

TheFamily

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You are Welcome to Join the Adventure

[email protected]