Ростислав Чайка “Raise money in Silicon Valley: Mission Impossible?”
1. How to raise money in SV ?
Rostyslav Chayka
www.rchayka.com
2. Meet Rostyslav Chayka
● Lviv Startup Club since 2009
● Lemberg Tech Business School
● StartupLine.com.ua
● Startup Consultant
3.
4. SF Bay Area
8 milion people
2nd most Fortune 500 Companies in the US
NYC - SF Bay Area bilionares
1 milion in IT
35 000 potential unicorn founders
Most expensive area in US
5.
6. Who should try?
Global product
US customers
Ability to move to SF Bay Area (at least 40-50% time)
7.
8. Why ua teams have chances again?
UA people do not understand US market
Software eat the world
A lot of derivatives
UA people do understand technology landscape
Digital lifestyle is the same
$5m-$10m projects are not interesting
10. Doomed to fail ua global startups
B2C services / solving direct customers needs
Fast growing products
B2B targeting over $100m valuation
Mainstream new tech
11.
12. Option #1: Incubator
TOP incubators: YCombinator, TechStars, 500Startus
Industry incubators
3-5 months in SF Bay Area
Work hard
Target big stories
14. Tip #1: Good American English
Read, write, communicate, deliver presentations
American english is not english :)
Local slang, idioms, jokes, proverbs
Tolerance go immigrants and mistakes
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16. Tip #2: Integrate to business culture
Be smart:) understand what you are doing
Goal-oriented
Time-saving
Meaningles ignored
Manipulations are funny
Openless to opportunities
17. Tip #3: Focus on your industry
Bad news: Generic events are senseless
Good news: There are tons of industry events
LinkedIn
Facebok
Quora
Incubators / Accelerators / Coworkings
18. Tip #4: Build your network
Store connections
Communicate regulary
Ask about connections
Be proactive
Help people :)