bootstraplabs-the-autonomous-corporation

Announcing The Autonomous Corporation

The Autonomous Corporation

We stand in front of the 4th and largest wave of the industrial revolution, powered by AI and Data. This is the biggest opportunity so far for innovation and entrepreneurship, and every single industry will be disrupted and redefined by companies that are not yet even born.

With the AI market projected to grow over 20 fold in the next 10 years to $3Tn annually, we believe Applied Artificial Intelligence represents one of the major wealth creation opportunities of this century.

Any system that is not learning will soon die, and applying AI to new or existing systems will extend and accelerate societal improvement.

AI-driven systems will soon be able to build better, more efficient products that scale and solve problems in ways that have not been possible before. While everyone is talking about Autonomous Vehicles, we want to talk to you about the Autonomous Corporation, where most actions will be automated, decisions autonomously taken and where outcome will be learned from to continuously improve results. We are moving away from the world of Automated Systems and stepping into a world of Autonomous Systems.

 

The power of AI is about leveraging technology and big data, automating repetitive mechanical tasks, capturing more data from the real world, and ultimately empowering humans with actionable intelligence, rather than replacing them, and finally changing our world for the better!

Join us @ BootstrapLabs HQ for an exciting evening with the leaders of the Autonomous Revolution!

Space is very limited and we expect to reach full capacity quickly.

AGENDA

17:45 – 18:15: Registration
18:20 – 18:25: Welcome message
18:20 – 19:00: “The Autonomous Corporation” Keynote and Fireside Chat

  • Dr. Danny B. Lange, Head of Machine Learning at Uber
  • Ben Levy, Co-Founder at BootstrapLabs

19:00 – 20:00: “Enabling The Autonomous Corporation: AI Founders Insights”

  • Sabrina N. Atienza, Founder at Qurious.io
  • Alex Holub, Co-Founder at Vidora
  • Cathrine Andersen, Co-Founder at Roger.ai

20:00 – 20:30: “Drinks & Networking”


Meet speakers and companies presenting:

 

uber-bootstraplabs

Keynote: Dr. Danny B. Lange, Head of Machine Learning at Uber
Moderator: Ben Levy, Co-Founder, BootstrapLabs

19:00 “Enabling The Autonomous Corporation: AI Founders Insights”

 Autonomous Corporations AI Leaders Insights

Sabrina N. Atienza, Founder at Qurious.io

Alex Holub, Co-Founder at Vidora

Cathrine Andersen, Co-Founder at Roger.ai

See you on November 15th!

BootstrapLabs Autonomous Corporations

BootstrapLabs and MAD Incubator Partner To Launch BootstrapAccelerator Asia

Partnership creates first Southeast Asia-focused accelerator for tech startups with a Silicon Valley Fast Track™

May 1, 2013, Seoul, Korea and San Francisco, California — Silicon Valley-based BootstrapLabs, and Malaysia-based MAD Incubator today announce the formation of BootstrapAccelerator Asia. As a Southeast Asia-focused Tech Startup Accelerator with a Silicon Valley Fast Track™ for its most promising candidates, this is a first.

MAD Incubator and BootstrapLabs share the philosophy of “Making a Difference” by empowering entrepreneurs to build global startups and believe that Southeast Asia will be a hotbed for disruptive startups in the future. Southeast Asia is the third-largest-growing economic zone in the world with a population of one billion and a market potential of US$ 30 trillion by 2020.

“What is developing in Southeast Asia is thrilling. MAD Incubator has been doing a fantastic job locally, educating, guiding and mentoring entrepreneurs and partnering with them to empower startups to grow into global companies makes them the perfect partner to achieve our joint vision,” said Nicolai Wadstrom, founder of BootstrapLabs.

Andrew Wong, CEO & Founder of MAD Incubator echoes these sentiments adding that “our partnership with BootstrapLabs creates a different offering than other Silicon Valley accelerators operating in Southeast Asia. By combining aspects of the local culture and disposition with Silicon Valley execution we are creating the accelerator model of the future.”

BootstrapAccelerator will focus on early-stage capital efficient startups that leverage the speed of internet distribution and the scalability of cloud infrastructure. Selected startups will receive a substantial package of cash grants and other perks valued at over US$35,000. Additionally, the most promising teams will take part in BootstrapLabs’ Silicon Valley Fast Track™, and even relocate to Silicon Valley.

“The Malaysian Multimedia Development Corporation (MDeC) will support this initiative in Malaysia, which will catalyze domestic ecosystem expansion to the world. We are thrilled to have BootstrapAccelerator operating out of Cyberjaya and will a range of support through various programs, into the future,” said Dr Karl Ng, Director of Innovation Capital of MDeC’s Innovation Capital Division.

In short, “BootstrapAccelerator Asia is designed to make a difference and is the first and only Accelerator of its kind in the region and possibly globally,” according to Benjamin Levy, Partner at BootstrapLabs, who will be speaking tomorrow at beLAUNCH conference in Seoul alongside Christine Tsai of 500Startups, Bernard Moon of SparkLabs, and David Lee of Kstartup.

Startups can apply at http://bootstrapaccelerator.com/apply/. First enrollment will start July 2, 2013 with a May 30, 2013 application deadline.

 

About BootstrapAccelerator Asia: BootstrapAccelerator focuses on early-stage capital efficient software startups that leverage the speed of internet distribution and the scalability of cloud infrastructure, regardless of their vertical or segment. BootstrapAccelerator brings together a Glocal (Global+Local) network of corporates, mentors and investors, as well as local government agencies, which bring critical support in everything, from ideation to executing game changing startups.

BootstrapAccelerator is a 12-month program, divided into three stages: Ideation, Incubation and Acceleration. As every startup is different, BootstrapAccelerator will not run cohorts, but will evaluate applicants on a monthly basis and enroll people / startups at the relevant stage. BootstrapLabs is able to offer the most promising startups from BootstrapAccelerator a global fast track opportunity to becoming a global company, through the Silicon Valley ecosystem.

 http://bootstrapaccelerator.com

 

About BootstrapLabs: BootstrapLabs is a Silicon Valley-based Seed+ Venture Capital Fund that invests in foreign startups to relocate to Silicon Valley, and build global companies. They employ an entrepreneurial and very hands-on approach to execution and help startups tap into the opportunities Silicon Valley presents.

Since 2009, BootstrapLabs has helped foreign startups such as Prezi, Witsbits, AudioDraft and Zerply connect and relocate to Silicon Valley, while maintaining their roots.

Today these startups are valued at $150M+, employ more than 150 people, and have received over $25M in funding.

http://bootstraplabs.com

 

About MAD Incubator

MAD (Make a Difference) Incubator is the largest private incubator and most active entrepreneur development platform in Malaysia, having helped more than 300 startups since its inception in 2009. MAD was founded by Andrew Wong on the premise that every technopreneur deserves to have a chance to succeed and experience technopreneurship to the fullest.

MAD serves only the best programs and support services, and is designed to incorporate diverse technopreneurship experiences, ensuring that startup technopreneurs are able to gain better knowledge to succeed in the technopreneurial world.

The ‘MAD Mission’ is to develop 1,000 startups achieving US$1M turnover by 2015. To achieve this, MAD develops the MAD Entrepreneur Ecosystem which consists of entrepreneur communities, collaborative partnerships, industry/commercialization partners, funding partnerships, government relations, entrepreneur education, coaching, mentoring and platform providers.

http://incubator.com.my/

 

About MDeC: Multimedia Development Corporation (MDeC) directs and oversees Malaysia’s National ICT (Information & Communication Technology) Initiative, the MSC Malaysia (formerly known as the Multimedia Super Corridor in Malaysia). MDeC is owned and funded by the Malaysian Government, and serves to advise the Malaysian Government on legislation and policies, develop MSC Malaysia-specific practises. MDeC also promote MSC Malaysia locally and globally, as well as support companies which are locating to and located within MSC Malaysia.

http://www.mdec.my/

 

Editorial Contact: Ben Levy, BootstrapLabs, Silicon Valley

Email: ben@bootstraplabs.com / Mobile: +1 415 742 1517 / www.bootstraplabs.com

 

Alice Foong, MAD Incubator Sdn Bhd (868303-D), Malaysia

Email: alice@incubator.com.my / Tel: 03-8994 1750 / 1751 / Mobile: 012-678 3323 / www.incubator.com.my

Accelerators: Death or Rebirth Opportunity of True Mentorship?

mentor

The first thing that comes to mind when referring to a Mentor is someone that has the experience and wisdom of having tried – and sometimes failed – before you and can help you, not in giving you the solution but in helping you figure it out.

Today, every worthy accelerator is boasting a very long list of mentors on their website ranging from famous local or international figures, successful startup founders, venture capitalists, senior executives at large corporations, consulting firms, lawyers, teachers, etc.

I can only applaude all of them for taking the time out of their busy lives to share their wisdom with startup founders and the community at large using a “paying it forward” mentality. Yet, I can not help but wonder what kind of “Mentorship” one can really deliver when hardly spending any time with the startups in question.

I too have taken part in many of these mentoring sessions and tried my best to give valuable or insightful advice but again, what effect did those have on the startups or founders that received them, did they happen to help or confuse them…not sure…one thing is certain though, it was likely too brief to be really valuable and have a long lasting positive impact.

It goes without saying that the quality of mentors varies greatly and some, while well known, might not have the “DNA” to provide you with the advice that is right for you or your company at that specific moment. Maybe it is because I studied finance and was a FINRA certified Investment Banker at some point in my life but it is a well known fact that any financial advisor is forbidden from providing specific investment advices, unless he has gotten to “know his customer” first. This means doing its due diligence, gaining as much information as possible about the person, its current assets, family situation, health, risk tolerance profile, upcoming life milestones, etc.

The equity founders own is likely their most valuable assets (or they sure hope it will become) and should therefore be managed with great care.  I am of course not advocating that all startup mentors get some sort of accreditation from a third party authority of some sort. But I am advocating that true mentors should spend time with their startups and founders and get to know them intimately. Only then would they be in the best position to, over time (and that means more than an hour or two over a 3 months period), provide valuable insight and advice that are tailored to the needs of that specific startup and/or founder.

In the days of Telemachus and until recently, it was the norm that a mentor would be assigned to an apprentice for the better part of his youth and even sometime long after, forming a strong lasting bound. between the two parties. As a Partner @bootstrapLabs I certainly appreciate, and take full advantage of the fact, that things are moving a lot faster these days. Be it in life in general or the pace at which one can launch a startup, build an MVP,  test distribution channels and acquire customers but I refuse to believe that true mentorship, which often creates life long benefits for the apprentice and mentor, can be imparted in a single “shot” or even over the course of a traditional accelerator program.

According to Wikipedia: “Mentorship is a personal developmental relationship in which a more experienced or more knowledgeable person helps to guide a less experienced or less knowledgeable person. However, true mentoring is more than just answering occasional questions or providing ad hoc help. It is about an ongoing relationship of learning, dialog, and challenge.”

On the positive side, the creation of accelerator programs around the world has provided a standard framework to empower thousands of people to become startup mentors and share knowledge, experience, idea. This in itself could very well carry the seed of a true Mentorship renaissance. But as I pointed in the title of this blog post, founders should be able to read between the lines and take mentors access of accelerator programs for what it is, access; an opportunity to start building a mentor/apprentice relationship with someone they would not have met otherwise.

The best (and sometime serial) mentors are always overwhelmed with request from apprentices and getting their attention will always be a challenge. Yet I cannot help thinking that this is just a good natural filter and only the most percistent, perseverant founders will success in securing a true mentorship!

If you are one of those founders that went through an accelerator program or a serial mentor (you know who you are), I would love to hear your thoughts on the topic so feel free to drop a line or two in the comment section below. Thank you!

 

Scandinavian Startup Night at RocketSpace

We know it is last minute, but join us and meet founders of your favorite Scandinavian startups, among others Prezi CEO/Founder Peter Arvai, and hear them reflect on their journey to the Valley. The event is at Rocket Space, what BootstrapLabs and many of our startups call home in San Francisco.

Learn how the Scandinavian mindset plays in a startup context and how deeply ingrained social norms must be challenged to run a startup. Develop an understanding of why Scandinavians are hard workers in general – and why their startups are prone for success.

Register here: http://scandinaviannightrocketspace.eventbrite.com/

Arctic15

Join BootstrapLabs founder and meet the best in Northern Europe on 16th to 18th of October 2012

Join BootstrapLabs founder and CEO, Nicolai Wadstrom as he keynotes Arctic 15 on the 16th of October this year!

Arctic 15 is the annual conference for Nordic and Baltic growth entrepreneurs. Two days full of action, including an invite only day for  founders, investors, C-level executives and our partners. Besides our own Founder of BootstrapLabs, great startups and networking, you will hear an amazing line-up of speakers: Founder of Evernote – Phil Libin, Founder of Zendesk – Mikkel Svane, Founder of Klarna – Niklas Adelberth and the Founder of Erply – Kristjan Hiiemaa.

Read more at the Arctive 15 website

Audiodraft

Audiodraft launch the sound of Tim Ferris contest

Tim’s new book “The 4-Hour Chef” is coming soon. Now you have a chance to do the sound design for the teaser video. Go nuts! Any kind of styles, genres or moods are welcome. Be creative and you’ll be noticed. Vast amount of likes and shares for your entry doesn’t hurt either.

Read more at the Audiodraft contest page and on Tim Ferris blog.

Mancx

Mancx Secures $3 Million In Financing and Opens US Headquarters

Our portfolio company Mancx Secures $3 Million In Financing and Opens US Headquarters.

SAN FRANCISCO AND STOCKHOLM, SWEDEN, June 12, 2012 — Mancx, the only trusted community for business answers that allows for private individuals to securely buy and sell their knowledge with others, announced today it has secured $1.65 million in financing led by Almi Invest and Chalmers Innovation Seed Fund bringing the total money raised to $3 million. The money will be used to expand the world’s first community for paid business answers through social networks such as LinkedIn and Viadeo. The patent-pending Mancx platform matches incoming questions with the right person’s expertise while managing all aspects of the transaction. This ensures that the questioner gets the information he or she needs while the answering party gets fairly paid for his or her efforts.

“Mancx is there when you need the right business answers,” said Henrik Dillman, Mancx CEO and Founder. “Most Q&A websites only provide advice, opinion or self-promotion. Some of the answers are even too old to be useful. Our research shows that professional business users prefer answers they can trust from a community that can deliver ‘industrial strength’ information quality that is fresh and calibrated to their specific needs. Mancx matches users with the right people to answer their questions,provides an easy pricing model and lets users pay easily on the spot – similar to PayPal – so that they can be very efficient at every step of the process. It is perfect for executives, entrepreneurs, sales professionals and anyone who needs tailored information that either cannot be obtained by routine online searching or would take too much time to find. For business professionals, time is money.”

Unlike other services, Mancx offers the following benefits:

  • Handles answers in almost any form, from picture, sound files and cad/cam-drawings to .doc and .xls files. This is necessary since many business answers don’t come in just plain text
  • Allows for full anonymity both for buyers and sellers, while enabling them to contact each other for more information detail as needed
  • Automatically matches profiles and distributes by email
  • Manages the negotiation of price and expectations
  • Provides money-back guarantee and quality assurance

“Mancx is a great place to get business answers,” said Tim DeBenedictis, founder of the astronomy app SkySafari. “Whether I need detailed business intelligence, tailored information – basically anything I would bet my job on – I got to Mancx and get the answers I need.”

“Mancx Business Answers™ is the next generation of Q&A tools,” said Mattias Guilotte, Mancx CMO and Founder. “It is the first service with a global payment solution and a trusted community for businessanswers you can’t find anywhere else.”

About Mancx

With dual headquarters in San Francisco, CA and Stockholm, Sweden,Mancx.comis the only trusted community for business answers that allows for private individuals to securely buy and sell their knowledge with others. Winner of the “Hottest Startup in the Nordics/Baltics” at the Arctic15, Mancx is the world’s first network for business questions and answers through networks such as LinkedIn and Viadeo. The patent-pending technology behing the Mancx Business Answers™ community matches incoming questions with the right person’s expertise while managing all aspects of the transaction. This ensures that the questioner gets the information he or she needs while the answering party gets paid for their efforts.

Read more about Mancx on blogs and Media today

 

 

 

 

Audiodraft

Audiodraft joins BootstrapLabs

We are exicted to announce that Audiodraft joins BootstrapLabs.

Advertising agencies, production companies and game studios in the US are pouring $5B into custom audio through an outdated process. Audiodraft is disrupting this market by creating the global marketplace for custom audio.

The creative production industry is struggling with complicated procurement and licensing to get custom audio. Audiodraft has created an efficient process and simplified licensing by connecting any company in need of custom audio to thousands of talented sound designers across the globe. Audiodraft offers an effortless marketplace to crowdsource custom audio production, through a contest model.

Big brands and agencies love Audiodraft:

To “Audiodraft” is already starting to become a verb in audio production.

Audiodraft emphasizes the meaning of audio branding. With Audiodraft you can get custom made music and sound design easily whether you need background music for a TV commercial, Online Video and content, theme music for a mobile game, or an audio logo for your company.

By coming part of the BootstrapLabs portfolio, Audiodraft will now accelerate it’s presence in San Francisco/Silicon Valley where Teemu Yli-Hollo, CEO/Co-founder of Audiodraft is already based. This means Audiodraft will accelerate the US market roll-out and Silicon Valley funding to capture the global market for custom audio.

BootstrapLabs is today also launching an Audiodraft contest to crodsource the audio branding of BootstrapLabs, check it out here!

Read more about Audiodraft…

Mancx

Mancx joins BootstrapLabs

We are happy to announce today that Mancx joins the BootstrapLabs portfolio of startups that we accelerate from Europe to Silicon Valley.

Mancx vision is to make any and all information available at the right price. With a patent-pending knowledge trading platform and connections to the largest business networks in the world Mancx gives you new opportunities.

Mancx connects people looking for answers with those of who have them. Some users of Mancx are in search of that particular little piece of information that will change a business forever. Others are looking for leads to reach their next sales quota or maybe looking for that intriguing piece of knowledge to boost next morning’s presentation to the board of directors. No matter what your needs are, Mancx is the place to find what you are looking for. Mancx offers crowdsourcing of the most valuable information.

Read more about Mancx and sign-up to give Mancx a spin her!