Tech Startup Day - Funding- Ownership & Exit Scenarios - Patrick Vandrabant

GForeverA brief history

TERVA groupThe BILLION dollar idea

Brainstorm…

Connected Helmet for bicyclists

Bicycle lock with GPS/Bluetooth/…

Think tank for lost businesses/industries

Develop an Uber-like app

What kept coming back…• “Goesting” to do something together• Make money support other initiatives on a sustainable basis• We want to build something!• “you’re done if you’re over 35”…yeah right…

Gradually a vision materialised

“We believe that the internet of things can play a valuable role in our health and can connect us in

a relevant way”

Our purpose

“We aim to launch a device that not only measures our health but also connects us to our beloved ones,

doctors, nurses”

Target audiences

Can we loose the button ?

Can we connect it up ?

Resources• 2-3 half to full time (willingness to invest time for shares?)

• Entrepreneur

• with hardware specialism

• Entrepreneur

• with software specialism

• Entrepreneur

• with sales- and marketing specialism

1. Concept (on paper) - researched and tested by 1/Apr

1. Technical design and requirements

2. Mockup - tested by 1/June

1. Supplier selected

2. Wireframe for the app

3. Look-a-like device

3. Prototype (device&app) - Built by 1/July

4. Prototype tested, pre-ordering - (Kickstarter)- by 1/Sept

5. Production and web(-shop) and app built - by 1/Nov

6. …

Group finances steps 1-3

Financially• Gforever : 55K

• Viability study

• Uest : • IP transferred in here• 550K was raised by the original group in order to come to a product

• Structured approach towards additional capital• 1/3 from the founders• 1/3 from“like minded” entrepreneurs• 1/3 from a reference shareholder

www.zembro.eu/jobs

Twitter.com/TheRealPVBPatrick Vanbrabandt (CEO Carya Group)

Patrick Vanbrabandt (CEO Carya Group) Twitter.com/TheRealPVB