SHUT UP & TAKE MY MONEY Viacheslav Mayakin founder & CEO, InnovationBOX
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SHUT UP & TAKE MY MONEYViacheslav Mayakinfounder & CEO, InnovationBOX
IT ECOSYSTEM of UKRAINE
32 Tech Universities
100 + IT schools
10 IT-HUBs
12 Incubators
5 accelerators
100+ co-workings
5 venture funds
50 + angel investors
2 angels associations
1000+ IT-companies
2000+ startups
Ukraine general VC StatsIT-schools incubators HUBs Co-workings Mln $
VCsfor 2014-
2015
ExitsMln $
For2014-2015
Kyiv 20 5 8 12 12 175
Dnipropetrovsk 12 3 2 6 3 60
Kharkiv 10 1 1 3 1 6
Lviv 12 1 2 8 0,5 2
Odessa 6 1 3 5 8 200
“exits” total for 500 mln dollars
What investors buy?• global market• traction & revenue (sales)• audience (from 1 mln)• technology• opportunity• entrepreneurship• dreams & emotions
What they don’t buy?
• lies & promises
• Ideas and nice products
• “market with no competitors”
• “some monetization”
“Shut up & take my money”
• Entrepreneur skills
• Strong team
• 1bln+ market
• MVP, prototype
• Sales
• or “rocket science”
TRENDS
Start right now
• Virtual reality
• AI
• Fintech
• IoT platform
• Robotics
• Agriculture
Close it if:• Smart home =)• CIS market• No customers adoption• No passion• No success stories nearby
• Missed your market!
Ask yourself about market
1. When I go back and read my original investment thesis, is the market what I thought it was?2. Is the market opportunity what I thought it was?"3. Is the company unable to attain the market share that I thought it would?4. Is there any success stories?
Explore your market every day, check it, feel it!
Where is my money?
Ukrainian investors are greed and lazy?
TRACTION
180incoming requests
70 interviews
8residents
6projects gained investments700 000 $
TOP 100Growing
incubators in Europe
1 year 2 forums50+ workshops and meetups2000+ people engaged
ECOSYSTEM BUILDING
EGAPDnipro
SPACEHUB
NASA ChallengeIoT HUB Dnipro
3 month ago we started…
space incubatorIoT laboratory3D print laboratory
IT-entrepreneurship schoolevent-zonestartup museum
space-hub.com
Questions?
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