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the SMTEC venture development process

SMTEC accelerator process

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This presentation outlines the venture development process of SMTEC

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Page 1: SMTEC accelerator process

the SMTEC venture development process

Page 2: SMTEC accelerator process

The Business Plan

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…or plan C, D,E, F….

“perfection comes from rapid cycles of ‘good enough’ “

Steve Hane – CEO Ampulse

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5. Business modelthe business model

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AA Framework Framework for creating for creating valuevalue

Core Capability

Infrastructure {

Value Proposition

Offer

TargetCustomer{ {Customer

DistributionChannel

DirectCosts

Working Capital

Revenue ModelFinances

PersonalInvestment

Debt Equity FundingModel

OperationsCost

How you make MONEY!How you make MONEY!

{Partner Network

ValueConfiguration

CustomerRelationship

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Value Proposition

Offer

“For People who (problem) ,

we offer (solution) ,

and we’re different because .

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1. talk to them!

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2. develop a profile

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TargetCustomer

{CustomerDistribution

Channel

CustomerRelationship

3. count them!

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Core Capability

Infrastructure {Value

Proposition

Offer

TargetCustomer{ {Customer

DistributionChannel

{Partner Network

ValueConfiguration

CustomerRelationship

4. build out the value chain

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DirectCosts

Working Capital

Revenue ModelFinances

OperationsCost

5. the pro forma

“it’s fine to question your assumptions…

…not your strategy.”

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6. the strategy

4th Qtr 2009

4th Qtr 2009

4th Qtr 2009

4th Qtr 2009

1st Qtr 2010

2nd Qtr 2010

Peer Reviewed Article

Publication

Finish Development

of 2nd Product

Partnership with Training Company

Close Seed Round

Contract with 5 beta

facilities

Attract 25,000 visitors per month to site

Key hire of consumer marketing executive

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PersonalInvestment

Debt Equity FundingModel

7. how much?

money? equity?

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the mind of the investor

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8. tell the story

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pat metheny

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“telling a good story is about communicating an emotion…

… it’s the listener that

gets to judge.”

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mentoring ties it all together

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?