On November 15, the members of the investment platform Startup.Network carried out one of their fiery business events in the Autumn of 2017, namely, the Intercontinental Startup Battle, Silicon Valley as a part of business tour to Silicon Valley. It’s the second Startup Battle, organized by us in California.
Twelve heavy teams from the countries of Eastern Europe took part in the Intercontinental Startup Battle, which passed the rigorous preliminary investment "casting".
The Expert Body of Startup Battle in California consists of: Artem Burachenok – Partner at Flint Capital; Vitaly M. Golomb – Partner at HP Tech Ventures; Leonard Grayver – Partner at Greenberg, Whitcombe, Takeuchi, Gibson & Grayver, LLP; Alexander Soroka - CEO&Founder at Startup.Network; Stas Khirman – Co-founder of SVOD, Managing Partner of TEC Ventures; Vasily Nikolaev – Partner at Quantum Wave Fund; Daniel Stolyarov - Investment Director AlmazCapital; Michael Minkevich – Managing Partner, GTSaaS; Mitchell Weinstock – Investments and Partnerships, HP Tech Ventures HP, Inc.; Marvin Liao – Partner 500 Startups; Alireza Masrour - Managing Partner Plug & Play Ventures; Ivy Nguyen - Investor at Zetta Venture Partners; Roman Sobachevsky – Managing partner Global Venture Alliance; Sergey Patsko – Angel investor. Co-founded PV Seed Fund I; Christina Trampota - Managing Partner, CGM Squared.
The panel discussion was held in the first part of Intercontinental Startup Battle, the participants of which were Artem Burachenok, Daniel Stoliarov, Marvin Liao and Alireza Masrur, as well as Vitalii Holomb as a moderator.
Experts told about the modern tendencies in the field of venture capital and explained, what's the interest of the investors of Silicon Valley in Eastern European Startup. Furthermore, they gave the benefit of experience and knowledge and answered the questions of guests.
The results of the vote are as follows:
Investment project OSA Hybrid Platform came in the top place in terms of number of votes from experts – this is a B2B service for finding out the unavailable goods on the counter and prevention of losses of sales due to lack of necessary goods. This business is operating and widely used in Russia and Ukraine.
On the whole rating is as follows:
First place: OSA Hybrid Platform - 4,30
Second place: SolarGaps - 4,08
Third place: BINO - 4,00
Fourth place: Senstone Inc. - 3,60
Sixth place: Kiddli - Linkedin для мамочек! - 2,64
Seventh place: AdBird - 2,55
Eighth place: Luciding Inc - 2,5
Ninth place: MeetnGreetMe - 2,4
Tenth place: Timebooker - 2,2
Eleventh place: Joiny - 1,83
We hope that this was a good experience for all participants. They got feedback from the leading investors of Silicon Valley, became acquainted with the representatives of local venture funds, and some participants were invited to a meeting for the discussion of collaborative relationship.
Startup.Network expresses gratitude to:
500 Startups – for rendering of premise;
Epiphan Video – for online broadcasting.
We began working on the search of new perspective investment ideas. The near-term Startup Battles will be carried out on the 30th of November in Kharkiv, on the 7th of December in Almaty and on the 14th in Petersburg.
Don’t be afraid of investments in prospective business-ideas!
Catch you next time!
After participating in the Startup Battle, which was held by Startup.Network in the Silicon Valley, we gained tremendous amount of experience on how to build the startup and attract investments. Especially it was very cool to talk with MS. He gave us a lot of advice. If it were no it for this event, we would not be able to get such advice. Then we actively worked on searching for investors which we did. We began due diligence but we realised that we did not want to take any investments on the early stage. Again, useful advice from Mike Sandler, his criticism to be precise, helped us to find the way. At this point, we have several investors from among the surgeons, but for now, we are managing on our own.
Now we have an MVP that is not just a set of tools but a surgical robot. The manufacturing of the primary product is taking place in Taiwan. At this point, it is on the stage of being certified.
If somebody asks me whether I need any investments in the early stages, I will say no. It is significantly more important to develop the right network and to get proper advice.
Everything that happened is the credit to Startup.Network!
I want to thank Statup.Network for precious experience and help we've got during startup battles in USA and Berlin.
Mentors your team chooses for jury on battles are always very professional and ready to help.
We got valuable feedback and a good quantity of insights.
Raccoon.World team continues communication and builds relationships with several investors we met on the battles.
We took part in several Startup Battles, organised by Startup.Network, in Moscow, Saint Petersburg, Minsk, Almaty, Kharkov and attended Startup Battle in San Francisco.
I believe that it helped us to be selected from more than 1000 competitors for acceleration program in the Netherlands, where we were the only startup from Eastern Europe.
Attending the Startup Battles is very beneficial for expending networking and gaining useful feedback. In particular, the feedback, what we got on Startup Battle, from the investor form the Silicon Valley helped us to find new and more perspective niche and make the pivot. We would be glad to collaborate with the Startup.Network team again.
We took part in two Startup.Network events: Startup Battle in Moscow and Startup BAttle in Silicon Valley.
We won the 1st place in Moscow and got a lot of attention from the media and investors. After that event, we received lots of useful pieces of advice and attended meetings with investors.
And we won the 3d place in Silicon Valley, and right after the pitch Marvin Liao
(Partner 500 Startups) offered us to join 500 Startups accelerator. Being acquainted with Marwin helped us one more time in Moscow in some time.
We would be glad to pitch at Startup Battles again!