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June 2014
LAUNCHub Seed Fund
▪ EUR 9MM
▪ EUR 3MM in 35 companies
▪ 6 countries - CEE
▪ > EUR 4MM Follow on Investments
▪ Acceleration and Mentoring Program
Who is an Entrepreneur
▪ People ready to change the status-quo
▪ Has unusual ideas for creating/building a:▪ New (or changing an old) business▪ Is willing to take risk
People who see PROBLEMS as OPPORTUNITIES
What Feels Like Being an Entrepreneur…
Emotional Trauma
Anxiety Guilt
Physical TraumaSocial Trauma
….. And there is More to That
▪ Financial Stress
▪ Identity Crisis
▪ Deep loses
▪ Do stuff You Hate
Entrepreneurship CAN be Trained
“One’s ability to generate innovative ideas is not merely a function of the mind, but also a function of behaviors.
If we can change our behaviors, we can improve our creative impact”
Clayton Christensen
Accelerators – The Model
▪ Incubator Space
▪Mentoring Program
▪Early Stage Financing
▪Other Entrepreneurs Around
Accelerators – Putting Together an Ecosystem For the Entrepreneur
▪ Creating vibrant ambient to boost entrepreneurship
▪ Learning by doing / failing
▪ Building trust between founders, mentors, advisors
▪ Establishing connections
What is it There For the Entrepreneurs in the Accelerators
▪ Access to Ideas
▪ Access to Mentors
▪ Access to Technologies
▪ Access to Potential Clients/Partners
▪ Access to Likeminded Founders/Employees
▪ Access to Investors
Accelerators Give Freedom to….
▪ Grow fast
▪ Fail fast
▪ Pivot to a new idea
…Everything done by learning…
DROPBOX – an Accelerated Success
▪ Participated in Y Combinator in 2007
▪ Now valued at over $5 billion
Accelerators
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