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Ask HN: How do we find an investor in the EU/UK for something very technical?

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21–30 of 38 posts

Re: Ask HN: How do we find an investor in the EU/UK for something very technical?

#21
As a startup it's your job to convince investors about the size of your market. When a FoodTech startup or FashionTech startup pitch to investors they don't assume the investor will have an in-depth knowledge of their market, they have to demonstrate through data what the market-size is.

You can do this top-down (what's the size of the market for iOS-to-Android porting by agencies servicing line of business apps) and bottom-up (you spoke to 50x agencies in this market; 40% want to buy your product and were willing to pay X). But you need to have evidence to back your claims.

You can very easily explain what your product does without having to go into deep technical detail. Use your story to explain it: "Converting iOS apps to work on Android was costing us around 150k a project; we've built a product that allows us to bring the cost down to 20k by automating away most of the work. We now want to bring this technology to other agencies."

Re: Ask HN: How do we find an investor in the EU/UK for something very technical?

#23
post #6

Get lots of meetings and shake a lot of hands. It's hard work and takes a lot of time. You could try and shortcut this by using Seedrs or similar, but you're going to be a more compelling investment if you've refined your pitch. Inbound contacts from VCs are worth more than when you make first contact yourself, but you need presence and externally visible momentum to get those. Also consider going to the US. Money is…

Why does everyone think its easier to get hold of money in US? My friends in bay area do not know any investors at all. How does one go about this in the US? Which meetups should I go to?

Re: Ask HN: How do we find an investor in the EU/UK for something very technical?

#24
This touches on an interesting conundrum: I was one of the founders of zynamics (exit to Google in 2011), and I have been looking for attractive angel investment opportunities in Europe for a while - and also have tried to volunteer some time to do startup mentoring.

At the same time, I still have a day job - in Zurich - so I can't go to the various "startup meetups" or whatever and waste time there :-)

So - how does someone with experience starting/running a very technical company with an interest in doing some angel investing get in contact with people in the EU that are promising? I haven't found a good way outside of asking around via email ...

Re: Ask HN: How do we find an investor in the EU/UK for something very technical?

#25

This touches on an interesting conundrum: I was one of the founders of zynamics (exit to Google in 2011), and I have been looking for attractive angel investment opportunities in Europe for a while - and also have tried to volunteer some time to do startup mentoring. At the same time, I still have a day job - in Zurich - so I can't go to the various "startup meetups" or whatever and waste time there :-) So - how does…

Did you give a talk in Cambridge a few years ago? I went to a Zynamics talk and it was absolutely fascinating - really cool stuff you guys did.

Re: Ask HN: How do we find an investor in the EU/UK for something very technical?

#26
post #25

This touches on an interesting conundrum: I was one of the founders of zynamics (exit to Google in 2011), and I have been looking for attractive angel investment opportunities in Europe for a while - and also have tried to volunteer some time to do startup mentoring. At the same time, I still have a day job - in Zurich - so I can't go to the various "startup meetups" or whatever and waste time there :-) So - how does…

Did you give a talk in Cambridge a few years ago? I went to a Zynamics talk and it was absolutely fascinating - really cool stuff you guys did.

Yep, that was me :-) - although already post-acquisition. Alan Mycroft had invited me over, I really enjoyed the visit :)

Re: Ask HN: How do we find an investor in the EU/UK for something very technical?

#29

This isn't exactly an answer to your question, but a general piece of advice: you might have more luck if you take your "very technical" product and explain it in a way that others can relate to more easily. Something like "We've built a service that allows programmers to create Android apps from their iOS applications automatically." And then follow that up by explaining that typically building an Android app takes…

This. If investors are struggling to see the value of your product, it's because you haven't developed enough of a commercial pitch.

The technical aspects that matter (unlike other solutions to developing for multiple platforms, ours lets iOS developers write native iOS apps the way they normally would; our solution takes their code and makes it work on Android, the web and other tablets) really shouldn't be difficult to grasp anyone that's remotely serious about tech investment. They need to establish your product has a market and that you're capable of marking it work; technical benefits matter but implementation details are secondary.

They do need to know who will buy your product, why, what evidence of success of similar solutions exists and why yours will be better. They need to know you've implemented large parts already for paid client work, and the clients were impressed because none of the other dev shops they talked to could clone iPhone apps for Android that quickly or cheaply. They want to know you have an idea how you're actually going to sell this, and at what price to what sized market.

If that interests them, that's when you can have all the nice conversations about your innovative ways of using APIs and why this manual aspect of your current process can be automated; you might even find they've got a friendly techie to do that as part of the due diligence.

Re: Ask HN: How do we find an investor in the EU/UK for something very technical?

#30
post #19
post #18

Earlier quoted context omitted.

You are assuming acquirers are based exclusively in the US, which very much isn't the case. B2B software product that makes it easier to develop apps? I can think of a lot of large EU corporations that would be just as interested as US based companies to acquire (SAP, anyone?). Furthermore, you don't need to be US based to be bought by a US company. A product like this probably will need a US presence at some point,…

Numbers talk, bullsh*t walks. Please tell me where your suggested EU city / region ranks among this bar chart: https://www.cbinsights.com/blog/tech-acquisition-rankings-ci... Numbers, please? It's not rose tinted, for the time being it's still a massacre.

You guys that try to lure clueless young people into your small town career death traps are the worst kind of manipulators. Disgusting.
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