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Techstars Startup Digest Angel Investor #40/17

Pitch training. Picture: Adobe Stock

Pitch training. Picture: Adobe Stock

Every Friday we send out a newsletter to more than 8800 Angel Investors around the world, once in a while I post some news here so you maybe can see the value of subscribing. Here you have some of the posts I have been reading the last couple of days and hope you find some relevant stories. Sign up for Angel Investor Startup Digest today.

Startup Angels Debuts Marketplace Platform: ‘We’re Trying To Make It Easier For Potential Investors’

Dustin Blitchok – Benzinga.com

– An $11 trillion opportunity for venture capital funding exists in plain sight, according to Startup Angels CEO Leslie Jump.

This Tiny College Produces 5 Times More Entrepreneurs Than Stanford

Jessica Stillman – Inc.

– Looking for an off-the-radar choice for a budding entrepreneur? One investor has a suggestion.

Comprehensive List Of Venture Capital Funds Managed By SIDBI That Have Catalysed More Than 500 MSMEs And Startups

Shweta Modgil – Inc42

– Everything You Need To Know About The Multiple Venture Funds Managed And Funded By SIDBI Targeting Startups And MSMEs.

Valley tech startups struggle to secure capital, organizations try to fill gap

Samantha Pouls – Azbigmedia.com

– Spencer Thomason’s tech startup beat out 63 others at this year’s Venture Madness competition.

The 50 Most Influential Women in UK Tech 2017

Clare McDonald – Computerweekly.com

– Sherry Coutu, Angel investor; founder and executive chair of Founders4Schools; Silicon Valley Com.

Deal of the week: Home61

Katie Roof – TechCrunch

– The team is announcing a $4 million round led by FF Angel, the early stage investment vehicle from Founders Fund.

Turning Good Into Gold with Cryptocurrency

Marco Lin – Hacker Noon

– It’s time to break with convention. Today, stock market convention dictates that company profit equals investor profit. Societal value seemingly has no place in this crude equation.

Amazon Friday Special

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Amazon’s chief Jeff Bezos. Picture: Amazon Inc. edited by Berg Moe.

It has been a fascinating week for Amazon and I have to say I admire this company and management. There is also a frustration related to the fact that I think it will take a while until we will see this company rolling out in Norway. The more or less monopolistic situation we have here should be challenged. That’s why I decided to collect some of latest news just so give a sense of all the stuff that is boiling right now.

Jeff Bezos Is the Richest Person Alive! No, Wait, He’s Not. Well, He Will Be, Anyway

Wall Street giveth and Wall Street taketh, but Amazon’s founder is playing the long game. Hours before Amazon’s second-quarter earnings call came word that Jeff Bezos had surpassed Bill Gates as the richest person in the world. On Thursday Amazon’s stock slipped, in response to the company’s second-quarter earnings miss, and Bezos lost his top spot.

Amazon wants to continue testing grocery stores without human cashiers when it owns Whole Foods

Just because Amazon will own Whole Foods, don’t expect it to stop experimenting with its own cashier-less grocery stores and other grocery sales and delivery offerings.

Amazon’s race to make Alexa smarter

Amazon’s range of smart speakers and their artificial intelligence assistant Alexa have proved to be a huge sale hit. But the product is still a shadow of what the man in charge – Dave Limp – and indeed their owners, hope it will become.

Amazon’s Singapore quick delivery stalls as demand overwhelms at launch

Amazon.com Inc’s Prime Now quick delivery service in Singapore, which launched on Thursday and kicked off its push into Southeast Asia, has been overwhelmed by demand, preventing it from taking on fresh orders.

Amazon launches The Hub locker delivery system for apartment buildings

Amazon has revealed a new delivery locker designed for apartment blocks and other housing complexes that may not have mailroom services to securely process packages.

Amazon earnings miss sends ripples though world markets

Earnings miss by Amazon that hit U.S. technology stocks overnight rippled through into other markets on Friday, with Asian stocks retreating from recent highs and European tech shares opening sharply lower.

Have a great weekend, and don’t forget to sign up for our newsletters “New Venture Insights” and “Techstars Startup Digest Angel Investor”.

Angel Investor Startup Digest

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Every Friday we send out a newsletter to more than 8000 Angel Investors around the world, once in a while I post some news here so you maybe can see the value of subscribing. Here you have some of the posts I have been reading the last couple of days and hope you find some relevant stories. Sign up for Angel Investor Startup Digest today.

Angel Challenge Bergen Finalists

Angel Challenge Blog

– Over the past 2 months, 20 Angel Investors have worked closely together with 6 startups screening, mentoring, and evaluating them to decide which one to invest in. Here are the companies…

Digital economy profits from angel investors

Martin Cash – Winnipeg Free Press

– The recent spate of workforce trimming by some of the Winnipeg’s largest corporate entities – Great-West Life, IGM Financial, Manitoba Hydro and Bell MTS – is not a signal that the economy is collapsing. But it does provide another warning bell of sorts that significant change is occurring – the digital economy is shaking the foundations of legacy industries.

The difference between investing and speculating

George Beall – TNW

– With Bitcoin cracking $2,500 per coin recently, it seems everyone has an opinion on what the future of the cryptocurrency is and whether it is a worthwhile investment. The hard truth though is that no one with an opinion on bitcoin is making an informed decision.

Paris has never been closer to toppling London as Europe’s tech hub

Shona Ghosh – Business Insider Nordic

– Paris is maturing into an impressive startup ecosystem, attracting foreign talent and funding. Research shows France received more VC investment than Germany in 2016.

Distributions of Outcomes and Angel Investing

Scott Shane – Small Business Trends

– This week I want to recount the story of a high volume early stage investor who described to me his experience with an inefficiency in a gambling market that he sought to exploit.

Deal of the week: Boom Fantasy

Finsmes.com

– The company, which has raised over $3m in total, will use the new funds for product advancement and player enhancements. In conjunction with the raise, Boom Fantasy has acquired Draftpot, a company that had raised $3m in funding, to double its user base.

Indian Startup Fundings Of The Week

Meha Agarwal – Inc42

– This week 12 startups raised about $215 Mn in funding altogether.

12 Reasons Why I Love Estonia

12-reasons-why-i-love-estonia_side_1

Sign up for my updated weekly newsletter “New Venture Insights” and receive my new ebook “12 Reasons Why I Love Estonia” (5 min read) with the confirmation email.

Sign up at https://app.convertkit.com/landing_pages/39338

Buckle up Angel Investors, 2017 here we come!

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Sign up for Angel Investor Startup Digest and prepare to do even smarter investments next year.

As normal at this time of the year we look back at the year, we are leaving behind. At the same time, we try to predict the year in front of us, which is tough or most of the time sometimes impossible. I have collected some articles that seek to look into the crystal ball and maybe can give us some notion on the road ahead.

After Belt Tightening, Venture Capitalists See More Promise in 2017

Michael J. de la Merced – The New York Times

– The amount of money that flowed into start-ups in the United States fell in 2016 for the first time in four years as the number of deals struck tumbled to their lowest levels since 2011, but the technology world has high hopes that 2017 will prove to be brighter.

5 Practical Ways To Make 2017 Your Best Year Yet

Jessica Stillman – Inc.

– Let’s not mince words, changing your life is hard. Really hard. That’s why more than 90 percent of New Year’s resolutions fail.

The 32 most powerful people in business technology in 2016

Matt Weinberg, Eugene Kim & Julie Bort – Business Insider

– Companies spent an estimated $3.4 trillion on business tech in 2016. With that kind of money, the business technology market has created some of the most powerful people in tech this year.

The Climate and Energy Stories We’ll Be Following in 2017

Maddie Stone – Gizmodo

– On the climate and energy front, 2016 was a year of contradictions. Again and again, our planet smashed global temperature records. The fingerprints of climate change were visible in extreme weather from the North Pole to Louisiana.

Remembering the Wisdom of Those We Lost in 2016

Kevin Daum – Inc.

– The end of the year is a time for reflection. Many greats were lost in 2016: thinkers, creators, scientists, entertainers, and philosophers–no major field of endeavor was untouched by loss in the last 12 months.

The 2016 year in review in tech

Arjun Kharpal and Seamus Conwell – CNBC

– The last 12 months have been full of major technology stories from Samsung’s exploding phone saga to the speculation around and eventual end to the acquisition of Twitter.

Top 10 Trends To Watch For 2017

Investor’s Business Daily

– This new year may be as unpredictable as any, but here are 10 key issues and challenges to watch that will affect your investments and the economy.

Happy New Year!

Angel Investor Startup Digest is curated by Berg Moe.

GEW Oslo and around the world

http://www.gewoslo.com
Despite being busy coordinating GEW Oslo as we speak, we are already starting to plan for 2017 with hopes of creating the best entrepreneurial festival Norway has ever seen. Sign up to follow the process and get the latest news.

Global Entrepreneurship Week is a celebration of the innovators and dreamers, who launch startups that bring ideas to life, drive economic growth and expand human wellbeing. During one week each November, GEW inspires people everywhere through local, national and global activities designed to help them explore their potential as self-starters and innovators. Read more about GEW at http://gew.co/gew/about

Recent news:
– GEW South Africa Kicks off A New Chapter. Read more.
– Young Entrepreneurs: Role Models for the New World of Work. Read more.
– GEW Investors: American Investment Officer Talks Untapped Potential in African Startups, Workforce. Read more.

African Angel Investor Summit 2016

VC4A – Venture Capital for Africa

– The theme for this years Summit is “Co-investing, making it work together.” With Nigeria now officially in a recession and most major economies suffering form low commodity prices, working together is the only way forward to unlock capital fast and maximize Africa’s entrepreneurial potential.

Creative Business Cup November 20 – 21 2016

Creative Business Cup

– This year’s Creative Business Cup will be held November 20-21, in Copenhagen. 70 National partners have already joined us and are busy planning their National competition in the search for their National Winner.

GEW Oslo – Big Data, Seed Forum, Indie Publishing and more

Gewoslo.com

– During one week each November, GEW Oslo inspires people through activities designed to help them explore their potential as self-starters and innovators.

GEW United Kingdom hits 678 events in one week

Ewan Gaffney – Uk.gew.co/

– GEW started life in the UK and has grown into the world’s largest festival of entrepreneurship. Today the campaign is managed by GEWUK – an independent charity.

Get in the Ring the Netherlands

Getinthering.co

– Meet all the persons – from corporate innovators to investors, to talent and fans – you need to be successful, in just one day.

Global Startup Weekend (GSW)

Global.startupweekend.org

– More than 15,000 entrepreneurs will come together for over 200 events November 11-13 & 18-20 for Global Startup Weekend!

GEW Canada: On The Road

Futurpreneur.ca

– On The Road is a contest that helps give you an inside look at some of the rock star entrepreneurs and small businesses across Canada, as well as showcase some of the great events and initiatives that are happening during Global Entrepreneurship Week in November.

Global Challenges

Futureagrochallenge.com

– Future Agro Challenge provides a platform unifying startups, investors, and other stakeholders. The FAC community focuses global awareness, innovation, and dialogue towards finding solutions for the global challenges ahead.

The greatest Entrepreneurship Festival in Latin America

INCmty.com

– Richard Branson is one of the speakers at Disrupt INCmty in Mexico City this year. They are bringing together thousands of key entrepreneurs, investors, and organizations of the entrepreneurship ecosystem to share knowledge, create, and stimulate high-impact companies and initiatives, promoting innovating entrepreneurship.

Angel Investor Startup Digest

startupdigestEvery Friday we send out a newsletter to more than 8000 Angel Investors around the world, once in a while I post some news here so you maybe can see the value of subscribing. Here you have some of the posts I have been reading the last couple of days and hope you find some relevant stories. Sign up for Angel Investor Startup Digest today.

The most exciting experience this week was getting contracted to a speaker at Wolves Summit next month. This is the fourth edition of the biggest multinational startup event in Central and Eastern Europe. It focuses on networking and has a goal to build a bridge between investors, corporations, and promising startups.

Did you know that 500 Startups is shouting down their activity in Oslo and that Sean Percival is leaving? I am not sure what’s boiling here, but I keep you posted. Anyhow, earlier this week Are Traasdahl founder of Tapad launched his idea setting up an early stage fund of 1,2 billion USD and got standing ovations for his initiative.

As a curator, I want feedback on what you think should be the focus of this newsletter, and I promise your voice will be heard. Please send me the exciting news, deals, tools, etc. and if you are on Twitter feel free to connect at @vikinangels.

After The Check – When Angels Really Make Money

Mariann Hudson – Forbes

– Angels love the thrill of the hunt. We like learning how entrepreneurs are going to change the world or which is the new Unicorn that will go public and bring a 100X return. Perhaps this is why many stories about early-stage investing focus on the first part of angel investing – finding good deals, negotiating good terms, and due diligence.

Angel Investor Group Hails Busy 2016

Kevin Scott – HeraldScotland

– EQUITY Gap, a Scottish business angel syndicate, has reported strong investment activity in the first half of 2016. The syndicate has completed investment deals in include Insignia Technologies, Synaptec, Appointedd, Shotscope and Vert Rotors. The syndicate has rapidly grown from 15 original founders to 100 members, completing over 50 rounds of funding, since 2010.

Why Angel Investors Shouldn’t Worry About Exit Strategies

Aniruddha Malpani – Inc24

– One of the big concerns about investing in a startup is the lack of liquidity, which means once you put in money, you’re pretty much locked in until a “liquidity event” occurs. Most angels want an outsize return on their investments, because this is a high-risk asset class, and you invest in it because you expect to get a high return in exchange for taking on that additional risk.

Startup Financial Modeling, Part 2: Start with Your Assumptions

Will Little – Techstars Blog

– In the previous post of this series, we described what financial modeling is and why it is important for startup founders to build their own models from scratch. Today, we’ll begin by diving into how to practically start building a financial model.

Deal of the Week: Redcliffe Capital Early Stage Fund 1

Varun Arora – TechCircle

– Dheeraj Jain, managing partner at London-based investment firm Redcliffe Capital, is set to launch a $50 million early-stage fund to invest in technology startups in India and overseas.

Signia Venture Partners has $85 Million in New Funds to Invest

Lora Kolodny – TechCrunch

– Signia Venture Partners has closed its second fund at $85 million to lead early-stage deals in emerging tech startups mostly in and around San Francisco. For the unfamiliar, Signia is typically the first money in and the lead investor in the companies it backs, writing $1-2 million in seed stage deals or $2-8 million in later stage rounds.

Angel Investor Startup Digest is curated by:

Berg Moe, Idea Gardener, berg.moe@startupdigestmail.com

LinkedIn profile at https://www.linkedin.com/in/bergmoe

Investor is packing and leaving Oslo

Today we learned that 500 Startups are shooting down their activities in Norway, Sean Percival leaves, and the rest of the team is moving to Sweden. They are one of the leading venture companies in the world and has invested more than 1.6 billion in approximately 1,400 companies.

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Sean Percival, Source: 500 Startups

– Sweden has a much greater appetite for risk, and they are much better at marketing, commercialization, and internationalization, says Sean Percival.

– When I tried to raise money for our 15 million USD fund in Norway, there were very few who understood how venture capital works. They did not understand the mechanisms and they did not understand how they got the money back.

For every conversation I had, I started on the minus side, and had to spend time just to get to the starting line, and then I have to continue to get them to invest, he said.

It is tragic that 500 Startups not got underway in Norway. What Sean says, pinpoint our problems related to culture and lack climate for cooperation across national borders inside Scandinavia.

What worries me most is that Norway can have branding issues in the environment in Silicon Valley. It’s like a little duck pond and rumors going fast. This for sure a downturn and emphasizes once again the importance of tax incentives for investors in Norway. I assume that key politicians realize the seriousness now. As entrepreneurs, we must also put pressure on the government.

Norway must have conditions that are competitive and that can secure that startup projects have an opportunity to get financing. I think it’s unreasonable that we give a lot of grants from Innovation Norway, only for the next turn see the company flag out to get investors.

Also, we must all demand that our politicians have a vision for this country? The last thing we need is more commissions and committees. We need action!

Source: Shifter.no, Lucas H. Weldeghebriel

Estonian IT is much more than governmental e-services

Last week over 1000 foreign guests and I arrived in Tallinn for the Estonian ICT Week (27 May -3 June) including the “Industry 4.0 in Practice” conference and the “Green IT” seminar. I will write several blog post from my experience, but as a first taste, I will share a video with some of my pictures from the “Green IT” seminar and beautiful Tallinn.

ICT sector has been one of the most important industries in Estonia, starting with governmental e-services and ending with Estonian startups that are proved to have a global mindset.

Estonia is a tech advanced and agile society that gets things done fast. Therefore, a big effect is expected by encouraging the industrial and ICT sector to work together locally and internationally.

Recently, Malwarebytes, an internet security company founded in the US enlarged their office in Tallinn, because of the excellent location and awesome IT vibe. People from different corners of the world are traveling to work in Tallinn, and they expect to have 60 people in the office very soon.

If you want more information about moving your company to the heart of Europe or investing, you should contact Estonian Investment Agency (EIA), a part of Enterprise Estonia, is a government agency promoting foreign investments in Estonia and assisting international companies in finding business opportunities in Estonia.

If you want to learn more about opportunities in Estonia, you may enjoy my post “9 reasons for doing business with Estonia”.

By Berg Moe, posted originally at LinkedIn Pulse, June 5, 20.

Pictures: Berg Moe. LinkedIn profile at https://www.linkedin.com/in/bergmoe

How TED Talks killed my pitch

After been massively inspired by Chris Anderson’s great book released May 4, I have decided to ditch most of what I had preached and sold as the only true way to successful investor pitching. TED Talks is a must for everybody who are speakers, planning to do a talk or simply want to learn more about public speaking.

41WteoLHzjLChris Anderson has worked behind the scenes with all the TED speakers who have inspired us the most. He has in his book shares insights from such favorites as Sir Ken Robinson, Amy Cuddy, Bill Gates, Elizabeth Gilbert and dozens more — everything from how to craft your talk’s content to how you can be most effective on stage. 

Learn more about the book and read other reviews at Amazon.com

I just wish that I could have had the opportunity to read this book before I did my TEDx talk in Bergen in 2014. Yes, I was informed about the format and did not extend my limited time of 18 minutes, but I was not well prepared, and my thru line was unclear. I also did som repetitions throughout the presentation. I had a lot of very positive feedback on my approach, and many of my predictions regarding the decline in the oil and gas sector in Norway have come through, but I am hundred percent sure I would have done better today after listening to TED Talks Audible version for totally 450 minutes.

The main idea behind a 4 – 7 minute is to cover most of the stuff that investors traditionally are looking at in their screening. The main subjects are the business concept, business model, team and why it will succeed, niche of the market, competitive advantages, uniqueness regarding intellectual property, traction, simplified financials, capital need and exit strategy.

My focus in preparing my next investor pitch will be to tell as story, concentrate at giving, unlocking empathy, stirring excitement, sharing knowledge and promoting our dream. Is it possible to do this and the same time gives the investors what they want? Yes, I think so. If I can provide the audience with the desire to learn more and meet us in the next break or networking, I believe that we have succeeded.

 

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