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EARLY STAGE VC WITH FOCUS IN LATINAMERICAN STARTUPS WITH GLOBAL DREAMS.
WeWork, 200 S Biscayne Blvd, 33131
Please enter the url of an unlisted (not private) YouTube or Vimeo video introducing the founders, your value proposition and status. (máx 2mins).
In the video please introduce yourselves, explain what you're doing and why, and tell us anything else you want to about the founders or the project. The video should be max. 2 minutes long and should be uploaded to YouTube. If you don't want other people to find it, mark it as unlisted. Don't mark it as private, or we won't be able to see it. The video should contain nothing except the founders talking. No screenshots or postproduction wizardry please; we don't want this to turn into a video making contest. If you're going to spend time making something cool, put it into your demo/product. Please do not recite a script written beforehand. Just talk spontaneously as you would to a friend. People delivering memorized speeches (or worse still, text read off the screen) usually come off as stupid. Unless you're a good enough actor to fake spontaneity, you lose more in the stilted delivery than you gain from a more polished message. Before submitting the video, you should try playing it yourself, and check that you can hear what you're saying. A significant fraction of the videos we get are inaudible. If you're going to apply at all, you may as well apply with a video we can hear.
Paste YouTube or Vimeo URL Link (ex. www.youtube.com/foo)
If you have an online demo, what's the url? (Please don't password protect it; just use an obscure url.)
What problem are you solving? And, what is your company value proposition?
Why did you pick this idea to work on? Do you have domain expertise in this area? How well do you know people need what you're making?
How do or will you make money? How much could you make? (We realize you can't know precisely, but give your best estimate.)
What's new about what you're making? What substitutes do people resort to because it doesn't exist yet (or they don't know about it)?
If you've already started working on it, how long have you been working and how many lines of code (if applicable) have you written? How far along are you? Do you have a beta yet? Are you launched? If not, when will you?
What do you understand about your business that other companies in it just don't get?
How many users do you have? Do you have revenue? If so, how much? What is your monthly growth rate (in users or revenue or both)? Also tell us about: How will you get users in the future? If your idea is the type that faces a chicken-and-egg problem in the sense that it won't be attractive to users till it has a lot of users (e.g. a marketplace, a dating site, an ad network), how will you overcome that?
Who are your competitors, and who might become competitors? Who do you fear most?
Are you incorporated? Where? What's your captable? If you're not incorporated yet, please list the percent of the company you plan to give each founder, and anyone else you plan to give stock to. (This question is as much for you as us.). Everything you mention here will be strictly confidential.
Do you have an investment round open at this moment? If so, how much are you raising and at what valuation? Any other highlights about your current round? On another note, please tell us about who has invested in the past in your Team or Company: who, how much and in exchange of what. Don’t worry if you haven’t taken investment yet.
First: For each founder, please list: full name; whatsapp and/or email; nationality; country of residence; age; year of graduation (if any), university, degree; employer and title (if any) at last job before this startup. Then, please tell us: How long have the founders known one another and how did you meet? Have any of the founders not met in person?
If we fund you, which of the founders will commit to working exclusively (no university, no other jobs) on this project for the next year?
Which Founders will be located physically where the program runs during the entire period of the program if we fund you.
Do any founders have other commitments during the period of the program? Do any founders have commitments in the future (e.g. finishing college, going to grad school), and if so what? Are any of the founders covered by noncompetes or intellectual property agreements that overlap with your project? Will any be working as employees or consultants for anyone else?
Where is the company based now and where would it be based after the program?
Was any of your code written by someone who is not one of your founders? If so, how can you safely use it? (Open source is ok of course.)
Please tell us about an interesting project, preferably outside of class or work, that two or more of you created together. Include urls if possible. If you don't have any examples, then please tell us something surprising or amusing that one of you has discovered. (The answer need not be related to your project.)
Are you applying to the Newtopia 10 Week Acceleration Program or for the pre-seed/seed investment? If you don't know the answer, don't worry, but please tell us about your doubts :)
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