1 Oasis500 | Oasis500 Overview & Progress Report- Copyright © 2012 Oasis500 Overview - The Exchange Dead Sea, 4 th Oasis500.

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Presentation transcript:

1 Oasis500 | Oasis500 Overview & Progress Report- Copyright © 2012 Oasis500 Overview - The Exchange Dead Sea, 4 th Oasis500 Angel Network The Entrepreneurial and Investments Projects Development Company

2 Oasis500 | Oasis500 Overview & Progress Report- Copyright © 2012 Oasis500 – Current Funding Gaps in the MENA Region Seed /Early stage Funding Angel Funding 2 VC/Later Stage Funding X X Many options for growth capital for Post-revenue later stage funding Venture capital firms, Private equity funds, banks Many options for growth capital for Post-revenue later stage funding Venture capital firms, Private equity funds, banks No options for funding for Pre-revenue start-ups or seed/early stage funding The initial personal/family funds raised by entrepreneurs No options for funding for Pre-revenue start-ups or seed/early stage funding The initial personal/family funds raised by entrepreneurs

3 Oasis500 | Oasis500 Overview & Progress Report- Copyright © 2012 Entrepreneurs face a harsh DESERT after starting work on an initial idea when it comes to: Seed and Angel Investment Funding Help and Know-how Societal and environmental support Few ever make it across this desert Many great ideas never get a chance, and others are discouraged from even attempting when they see no survivors… Oasis500 – The Early Stage Desert Challenge

4 Oasis500 | Oasis500 Overview & Progress Report- Copyright © 2012 Formed under the guidance of His Majesty King Abdullah II with a committee of Leaders in the ICT, Digital Media and Venture capital community in Jordan Oasis500, is an investment and development company Acceleration of early stage companies Focus on ICT, mobile, and digital media Transforms new business ideas into viable businesses Oasis Ventures 1 (OV1) has raised JD4.2M ($6M) and will close at JD7.1M ($10M) – we plan to raise a total of $30M Oasis500 aims at training over 4,000 companies & investing in and accelerating 500 companies. Oasis500 – Purpose and Goals

5 Oasis500 | Oasis500 Overview & Progress Report- Copyright © 2012 Seed Stage Angel Investments Early Stage VC Later Stage VC Private Equity GAP 1 GAP 2 Many opportunities for growth capital and later- stage fundraising in the region Training Seed Funding Selection Program Seed-stage funding is a gap in the ecosystem, now addressed by Oasis500 facilitates follow-on funding for its companies and other early-stage startups by hosting Angel Network Events XX Oasis500 – Addressing the Gaps

6 Oasis500 | Oasis500 Overview & Progress Report- Copyright © 2012 Oasis500 - It is Not Just About Funding Oasis500 not only provides seed capital for companies, it adds unique value by offering entrepreneurs: – Intensive training (boot camp) – 100-day acceleration plan with continuous guidance and follow-up – Valuable mentorship and guidance from industry leaders – Help in raising follow-on capital Such mentorship has been proven to increase the likelihood of startup success 6

7 Oasis500 | Oasis500 Overview & Progress Report- Copyright © 2012 Training Boot Camp Train entrepreneurs on business management, business planning and venture fund-raising – How to pitch Designed to educate, stress test, and select Startup Funding & Acceleration/Incubation First round of funding (JD 10K), with a possible follow-on investment Funded companies are accelerated at Oasis500 for 4 months Mentorship Incubated companies are mentored by local and international industry experts (e.g. Silicon Valley) – 250+ mentors in network Angel Network Oasis500 invites investors to well-prepared investment opportunities Oasis500 may co-invest in some of these deals Oasis500 operates 4 major activities to address the missing gaps in the ecosystem: 1342 Oasis500 – What We Do?

8 Oasis500 | Oasis500 Overview & Progress Report- Copyright © 2012 Training Boot Camps: Graduated 20 waves of entrepreneurs Trained over 1020 entrepreneurs (Target for year 1 and 2, 150 entrepreneurs) Seed Funding and Acceleration/Incubation: Invested in and accelerated 59 companies (Target for years 1 and 2, 32 companies) Mentor Network: 250 engaged mentors in the Oasis500 Mentor Network Average of 4 mentors/company Oasis500 – Achievements (Sept 2010 – Present)

9 Oasis500 | Oasis500 Overview & Progress Report- Copyright © th Oasis500 Angel Network 6 Oasis500 – Achievements (cont’d) 10 Angel Network Events held (in Amman, Qatar, Dubai, Beirut) 39 companies presented in total, 33 of which were Oasis500 startups 24 Oasis500 companies (40%) attracted nearly $9M follow-on investments, all companies raised $13M At valuations 3x to 10x Oasis500’s initial valuation before 100-day acceleration program Investment offers range from $100K to $2.5M

10 Oasis500 | Oasis500 Overview & Progress Report- Copyright © 2012 Oasis 500 – Portfolio Companies (92%) 51 (Shares sold for cash) 49 (Shares sold for cash) 9

11 Oasis500 | Oasis500 Overview & Progress Report- Copyright © % Content 19% Tech & Other 40% E-Com 80% Are Targeting mobile Users 80% Are Targeting mobile Users Oasis 500 – Companies’ Statistics

12 Oasis500 | Oasis500 Overview & Progress Report- Copyright © 2012 Sample size (126 entrepreneurs, 35% women, 65% men) The ecosystem does not appear to have a bias towards or against female entrepreneurs The real problem with female entrepreneurship goes back to the problem of women in the workforce in general – Jordan has one of the highest female literacy rates in the region (82%), yet females represent only 11% of the workforce. The technology sector is one of the only sectors in the economy that supports the involvement of women in the workforce and provides them with high value jobs Oasis 500 – Gender Strategy Findings

13 Oasis500 | Oasis500 Overview & Progress Report- Copyright © 2012 Challenges Faced by Women Limited access to a proper transit system Long working hours Culture of women being outside the home Working with men Access to proper training and education to match employment opportunities

14 Oasis500 | Oasis500 Overview & Progress Report- Copyright © 2012 Solutions Made Possible by Technology The Internet has transformed women's opportunities More flexible work options, freelance, home- based work Ability to work remotely Being your own boss with low capital needs Lucrative growth industry Online resources available for free/low cost

15 Oasis500 | Oasis500 Overview & Progress Report- Copyright © 2012 Oasis Statistics Out of the 819 trained entrepreneurs (January 2013), 203 are women (25%) 22/56 companies were founded/co-founded by women (40%) 250 total mentors, 60 are women (24%) The number of women employed by Oasis 500 startups since Sept 2010 is 52. Women led startups at Oasis 500 have managed to attract USD 1million in follow on funding in less than 1 year. Oasis 500 team, 9/13 are women

16 Oasis500 | Oasis500 Overview & Progress Report- Copyright © 2012 Amman is the 10th best place to start a technology company in the world Jordan ranked #1 in # of technology deals funded in 2011 in the Middle East Jordan ranked #2 in the Middle East By amount of funds invested 4 th Oasis500 Angel Network 11 References: - Bloomberg.com - Sindibad Business Report from Oasis500 – International Recognition

17 Oasis500 | Oasis500 Overview & Progress Report- Copyright © Oasis500 - Board of Directors

18 Oasis500 | Oasis500 Overview & Progress Report- Copyright © 2012 Usama Fayyad Executive Chairman Omar Al Sharif Marketing Manager Lubna Taimeh Trainer Salwa Katkhuda Investments Manager Serene Shalan Angel & Mentor Networks Manager Luma Karadsheh Office Manager Monther Jebran Chief Coach/ VP of Finance Asma Saqqaf Training Officer Rana AlShami Exec Assistant/ Training Manager Amy Kyleen Lute Corp Dev Officer 10 Oasis500 – Oasis500 Team Nauf Mawla Marketing Officer

19 Oasis500 | Oasis500 Overview & Progress Report- Copyright © 2012 Oasis500: A true early-stage seed funding company that will positively change the technology entrepreneurship future of Jordan and the Region

20 Oasis500 | Oasis500 Overview & Progress Report- Copyright © 2012 Personal Experiences – CEO of Hijabik.com

21 Oasis500 | Oasis500 Overview & Progress Report- Copyright © 2012 Personal Experience – Hijabik.com Difficulty finding women mentors and role models Support from other women entrepreneurs Willingness to ask for help - communication Storytelling – strong messages and branding Demanding respect – divide between business and casual Power – mitigated answers Aggressiveness - seizing opportunities Confidence

22 Oasis500 | Oasis500 Overview & Progress Report- Copyright © 2012 THANK YOU! Amy Oasis500