FasterCapitalCompanyPresentation
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FasterCapital is an incubator and co-founder/co-funder of startups that helps entrepreneurs build their ideas from conception to product stage. It provides mentoring, product development, marketing/sales help, and raises capital in exchange for equity. Current incubators focus on consumer apps and recruit students, but FasterCapital supports all entrepreneurs, especially non-technical ones, by developing the product as a co-founder and investing $50k-$250k as a co-funder. It has helped numerous startups successfully launch products and grow their businesses through its comprehensive incubation process.
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FasterCapitalCompanyPresentation
- 2. FasterCapital Company Presentation 2 VISION Help entrepreneurs on a co-funding and co-founding basis to create quickly their new internet startups.
- 3. FasterCapital Company Presentation 3 MISSION Support entrepreneurs in building their ideas from conception stage to product stage. The incubator becomes a cofounder and cofunder of the new startup. The incubator will help in improving on the concept, validating the business plan, defining the MVP (minimum viable product) and MVM (minimum viable market), development of the product (web, backend service and possibly mobile), sales/marketing/PR help, mentorship and raising capital.
- 4. FasterCapital Company Presentation 4 Incubation is a huge business More than 7000 incubators worldwide Still most are following almost the same model Recruit fresh graduate students from top universities 1 Current Market Status 2 3 4
- 5. FasterCapital Company Presentation 5 Incubators give 25k,50k or even 100k in exchange of certain equity Fresh graduate students means no working experience and thus they won't build solutions for enterprises. They tend to build technologies rather than products The current process is suitable to build companies such as Instagram, twitter and facebook. 5 Current Market Status 6 7 8
- 6. FasterCapital Company Presentation 6 Challenges facing Incubation Non-technical entrepreneurs have to bring a technical cofounders 1 Eco-system is too much focused on massive consumer products such as Twitter, Facebook 2
- 7. FasterCapital Company Presentation 7 Challenges facing Incubation Few are building startups to service other enterprises 3 A non-technical entrepreneur is required to bring a cofounder to be accepted in incubators 4
- 8. FasterCapital Company Presentation 8 Options for Non-technical entrepreneur Outsource the startup Find a tech cofounder Recruit a team Best Solution is FasterCapital
- 9. FasterCapital Company Presentation 9 Outsource the startup This is the worst case scenario Lean can't be applied Outsourcing company might be busy with other things
- 10. FasterCapital Company Presentation 10 Options for Non-technical entrepreneur Outsource the startup Find a tech cofounder Recruit a team Best Solution is FasterCapital
- 11. FasterCapital Company Presentation 11 Find a tech cofounder Each startup needs different platforms to be covered (web, mobile) Each startup requires different skillset (social, datamining, analysis, reporting, knowledge of different programming languages) THUS
- 12. FasterCapital Company Presentation 12 Find a tech cofounder Unless the project is very small then one technical person can't cover all the technologies/skills required in a startup Technical cofounder don't always have the same entrepreneurship spirit
- 13. FasterCapital Company Presentation 13 Options for Non-technical entrepreneur Outsource the startup Find a tech cofounder Recruit a team Best Solution is FasterCapital
- 14. FasterCapital Company Presentation 14 Recruit a team Non-Technical people can easily be misled with CVs They don't know the right skills needed to develop a product They will get easily lost with too much focus on technical details
- 15. FasterCapital Company Presentation 15 Recruit a team Managing a technical team requires technical knowledge Entrepreneur has to keep paying those developers even when there are no further updates just to keep them when new request comes
- 16. FasterCapital Company Presentation 16 Options for Non-technical entrepreneur Outsource the startup Find a tech cofounder Recruit a team Best Solution is FasterCapital
- 17. FasterCapital Company Presentation 17 Best Solution is FasterCapital FasterCapital is a one stop shop offering Mentorship Goto market modeling Revenue generation Pricing Project Management Sales Channel development Business validation Networking Raising capital Sales/marketing once the product is done.
- 18. FasterCapital Company Presentation 18 Co-Founding & Co-Funding basis
- 19. FasterCapital Company Presentation 19 CO-FOUNDING BASIS as an incubator we become your co-founder in helping improving the idea and refining it. We develop the product as a technical co-founder. CO-FUNDING BASIS We will invest in the startup from idea stage. We will invest cash money into product development covering anywhere between 25%-75% of it (per equity work). We invest between usd 50k - usd 250k per startup 1 2
- 20. FasterCapital Company Presentation 20 OTHER THINGS WE PROVIDE
- 21. FasterCapital Company Presentation 21 Mentors in different industries Experts in different domains (stealth- mentors)
- 22. FasterCapital Company Presentation 22 HOW DOES IT WORK?
- 23. FasterCapital Company Presentation 23 How does it work? Entrepreneur submit the mini business plan to us We review and evaluate We do a personality test to the founder(s) and make sure there's good synergy We validate the idea and discuss business prospect with entrepreneurs We discuss time, investment needed and equity distribution
- 24. Development
- 25. FasterCapital Company Presentation 25 1 We follow lean methodology We define product feature and wireframes with entrepreneurs 3 We define a superset of all features of the product 4 We group those into subsets matching each version 5 We decide on a timeline for development with milestones (alpha, beta, v1) releases2
- 26. FasterCapital Company Presentation 26 Obligation on FasterCapital Validating the idea and monetization strategy Improving on the idea by adding features or exploring new markets Assessing startup development cost and timeline Provide mentorship and other resources
- 27. FasterCapital Company Presentation 27 Obligation on FasterCapital Developing product according to international standards Deploy the product online or on the appstores Connect Entrepreneurs with Angel investors and VCs
- 28. FasterCapital Company Presentation 28 Obligation of Entrepreneur Prepare a business plan about the product (FasterCapital will help & check) Prepare financial operating model (FasterCapital can help) Use his contacts and knowledge to find the best opportunities Follow up with development team to ensure proper project progress
- 29. FasterCapital Company Presentation 29 Obligation of Entrepreneur Reach out to clients and customers while product is in Alpha Sales and Marketing effort for the product Devise Sales & marketing plan
- 30. FasterCapital Company Presentation 30 Testimonial from Entrepreneurs FC has helped a lot in refining the idea and enabling me to see segments of the market I overlooked Mark Deepak Beamgift.com While analyzing the idea of my new startup; FC was able to point several problems in our approach and made great suggestions for improvement Jonas Latner Edunoor.com
- 31. FasterCapital Company Presentation 31 Testimonial from Entrepreneurs FC helped us connect with a potential investor and along with their investment, we were able to kick off the project Martin Simons MobAdv.com FC development team has done a great job. They are professional, savvy with many different technologies, organized and agile. They have good tracking of bugs and ability to implement features quickly allowed for our product to succeed! Paul Mulligan Abcmob.com
- 32. FasterCapital Company Presentation 32 Testimonial from Entrepreneurs Partnering with "FasterCapital" was the best business decision we've ever made, it helped transferring a Eureka moment from an idea into a fully developed tangible product, saving us countless hours of R&D and a heap of cash. Anas Helali R&D Entablet It was a great journey with FC that was both enriching and rewarding on many different levels. Being able to sit down with a professional team who analyze requirements carefully and build a technically advanced product was an enjoyable and amazing experience Hadi Bahbouh LetUsCloud.com
- 33. FasterCapital Company Presentation 33 Testimonial from Entrepreneurs We had a big dream and it is really quit thrilling to see it come to existence Larry Bell TVlize.com I am happy to see new competitors on daily basis knowing that we have done it the _best_ way. Thanks FC team for your ideas and work, we will become #1 Amie Gurd PickTaxi.com
- 34. FasterCapital Company Presentation 34 Testimonial from Entrepreneurs It is usually hard to sell someone your dream or vision but with FC things seemed like a shared dream and a shared vision that grew together to find interesting opportunities. It was a fun way to explore things and a great mental experience. Amer Jundi Nakkeb.com FC helped us define new monetization model and product features that were easy to implement but had great impact on the company's vision/mission Fred Grattan Meody.com
- 35. FasterCapital Company Presentation 35 Success Stories - Meody The team was assembled back in Aug/2010. First HTML version was finished by Dec/2010 then first iOS and Android versions were ready by May/2011. Our first client has signed in Aug/2011. By May/2014 we have 20 clients who have signed with us! The list keeps on growing. Ayman Bahbouh Fred Grattan
- 36. FasterCapital Company Presentation 36 Success Stories - Mobayle We started in May/2011 and we quickly were able to launch a service in Sep/2011. By Jun/2012 (one year from launch) we had 10 deals done and ability to expand sales team. We have created new sub-appstores for kids, teens, women and elderly.
- 37. FasterCapital Company Presentation 37 Success Stories - Dooet We are the only search engine to detect and index mobile content (games, apps, ringtones, wallpapers, videos..etc) on all websites. Our engine was able to automatically discover and index more than 45 million products. We have added lot of social search features plus opinion mining on the appstore products.
- 38. FasterCapital Company Presentation 38 Success Stories - EduNoor We finished our first version in Aug/2012. That didn't stop us from innovation. We created four different solutions for tele-education each suitable to a different environment and using different technologies. We added social aspect also to the solution while students are searching for new teachers. Our multinational sales allowed us to reach different markets and many new prospects Jonas Latner
- 39. FasterCapital Company Presentation 39 Success Stories - Nakkeb The first and only company in the Gulf region offering professional search solutions in English, Arabic and other languages. Solutions such as VSearch and ESearch proved to be instrumental for the progress of these companies Amer Jundi
- 40. FasterCapital Company Presentation 40 Success Stories - TVlize Our goal is to change the way people interact with TV from lean backward to lean forward experience. We allowed real-time comments and tags on the show. Our solutions appeal to viewers and broadcasters allowing both to get what is missing from the TV experience. Ali Ahmad
- 41. FasterCapital Company Presentation 41 Success Stories - LetusCLoud Established to accomplish a dream and make virtualization easy for everybody. Nubes(TM) from LetUsCloud allows users to create virtual networks on the cloud in a way as easy as drawing flowcharts in Visio! Hadi Bahbouh Philip McNeal
- 42. FasterCapital Company Presentation 42 Reach Us www.fastercapital.com sales@fastercapital.com +971 4 2775828 8th floor, Office 807 A, Tower A, Business Central Towers, Dubai Internet City, Dubai, United Arab Emirates
Editor's Notes
- http://www.nbia.org/resource_library/faq/