Mobile Apps Business Models and Funding
?
4 likes?1,285 views
You don’t have to be Steve Jobs to be an entrepreneur. You don’t have to be Bill Gates to be an investor. Everyone must start somewhere.
Mobile Apps Business Models and Funding
- 1. Mobile Apps Business Models and Funding CTIA, San Diego Jouko Ahvenainen, Chairman – Grow VC October 8, 2009 The Place to Grow
- 2. Jouko Ahvenainen ? Grow VC Chairman ? Working on 2.0 business models, ecosystem, and funding models ? Mobile and 2.0 business experience ? Co-founder of the first social network analytics company, www.xtract.com ? On the boards of various start-up companies, and a co-founder or seed investor in 6 companies ? A pioneer to develop and sell the first social marketing intelligence solutions Social Media Marketing book, available in Amazon ? Other experience ? Senior positions: e.g. Cap Gemini Ernst & Young, Powerwave Technologies Inc., Nokia, and Sonera ? International: lived and worked in Finland, Malaysia, the UK, and the US 2 www.growvc.com The Place to Grow
- 3. Why Grow VC is interested in Mobile Apps business? ? Grow VC has been created, because new type web and mobile companies need new models for funding ? Grow VC International offers the first really global service to enable early phase funding ? Targeted at web and mobile companies that need $10,000 to $1,000,000 funding ? Not anymore technology companies – the challenge is not to make the technology but get audiences and attention ? User community has a significant role in Grow VC investment process < - > customer also decide which apps will be success stories ? Community can rate and recommend companies to private investors ? Our funds (coming soon) are also based on community knowledge ? Mobile apps companies need more flexible funding models ? Capital efficiency ? Investments based on market attraction 3 www.growvc.com The Place to Grow
- 4. Mobile Apps Business Segments Regular use apps App-families corporation Entertainment Efficiency One or few One-time apps business apps 4 www.growvc.com The Place to Grow
- 5. Mobile Apps – new retail business ? The new chasm is to get attention and users ? It is like to sell goods through supermarkets, except ? No manufacturing costs ? No logistical issues ? The number of supermarkets and shelf space is in principle limitless ? To be successful ? Users must find your app directly, or ? You must get good supermarkets to put your add to good shelf space, or ? Both of these options ? Smarter analytics and personalization can change this picture, but it happens slowly 5 www.growvc.com The Place to Grow
- 6. Mobile Apps Funding 1. Immediately global mobile apps companies look for global smart money, not limited to single country or state 2. Step-by-step funding ? If you cannot start mobile apps business with less than $200k, you must re-think your approach ? Make it – launch it – improve it ? Successful companies don’t do it immediately right, but they use money carefully and are able to change course as they learn 3. New funding models are needed for early phase, but also to cover the needs of different kind of companies ? not only one type risk money ? Someone can make simple apps for personal living without world-class ambitious, and need some money to start ? Another one what to create fast growing business with hundreds of apps 6 www.growvc.com The Place to Grow
- 7. Would you like to manage VC money? Available soon in laptop near you http://www.growvc.com/my-vc-money 7 www.growvc.com The Place to Grow
- 8. You don’t have to be Steve Jobs to be an entrepreneur You don’t have to be Bill Gates to be an investor Everyone must start somewhere Grow VC – The Place to Grow Jouko Ahvenainen jouko@growvc.com Tel (UK): +44 79 1248 1154 Tel (US): +1 415 287 0854 Skype: jahven www.growvc.com Twitter: @growvc The Place to Grow