Yesterday afternoon, the best and brightest of Telefónica accelerator Wayra showed their stuff at Wayra Global demoDay 2012, the organization’s first international pitch and demo session. Seventeen companies from all over the world made five-minute pitches to an international audience at The LAB Miami, a brand new co-working space located in Miami’s Wynwood neighborhood.
Gerald Brady of Silicon Valley Bank: Silicon Valley is a State of Mind
Following opening remarks from Wayra CEO Gonzalo Martín Villa, Gerald Brady took the stage. Brady is the Managing Director of the Venture Capital Group at Silicon Valley Bank, which funds an estimated 75% of startups in America and is known as the bank of the innovation economy. Despite what its name may imply, SVB funds startups and entrepreneurs from all over. Brady explained, “Silicon Valley is more than just a place on the map – it’s a state of mind.”
Brady painted a picture of the lay of the land in investments and entrepreneurship today. In 2012, U.S. innovation capital reached US$470 billion, including US$21 billion in venture capital, US$20 billion in angel investment, and US$2.8 billion in crowdfunding.
In other words, what is there to all that talk about a slowdown in investments and startups? Not much. Financing is as available now as ever, and more and more new startups are being created each and every day. What’s more, 86% of all capital invested is going to consumer internet and enterprise software companies, with 76% of those companies receiving funds in the third quarter of this year alone. And one more interesting tidbit: Half of those companies are doing mobile first.
With a nod towards developing ecosystems, Brady highlighted the importance of leveraging and building a network and of understanding that the process won’t take place overnight. It is also vital to accept the reality of failure and know that even if you don’t succeed right away, you learn something from which you can move forward.
Remarks from David Rose
Between the first and second round of pitches, David Rose, the so-called “godfather of angel investment,” spoke for a few minutes as well. He said that, because of evolving technology, “the world as we know it is completely changing” – especially startups.
Today, starting a company is faster and more affordable than ever. Moreover, with the globalization of innovation, location is no longer an issue. You can set up anywhere because costs are low and tools are in the cloud. And with the help of technology communications, it is possible to connect with anyone anywhere in the world.
Startups Center Stage
This event, Wayra’s first international Demo Day, will surely be repeated – especially if investment deals and partnerships come out of it. Of course, that news will come in the months and weeks to come. Until then, we’ll have to keep track of the 17 companies that presented:
AATAG – Brazil
aaTAG is a bridge between the online and offline worlds, making physical objects “clickable” as though they were on a browser.
AGENT PIGGY – Chile
AgentPiggy is the first web platform that enables parents to educate their children in finances.
AKDEMIA – Venezuela
Akdemia is an online service that improves school management and the modernization of information and communication in schools.
BEVELITY – Spain
Bevelity brings true 3D scenes to the browser, enabling users to interact with them in real time.
BRAGBET – Ireland
BragBet is a social sports betting network.
CLEARKARMA – Germany
ClearKarma helps consumers to make responsible decisions in food shopping.
CLEVERLIZE – Germany
Cleverlize helps teachers and educators to build and sell mobile e-learning applications.
CLOUD66 – UK
Cloud66 is an infrastructure maintenance services provider in the cloud.
COGNICOR – Spain
CogniCor is an automated complaint resolution service for service companies that minimizes the need for human intervention.
COQUETAME – Spain
Coquétame offers a free personal shopper service.
INVOOST – Spain
Invoost is a share buying and selling game in which the users compete in tournaments.
KUBO FINANCIERO – Mexico
Kubo Financiero is an online marketplace that enables its users to lend money and make investments.
MACHINA – Mexico
Machina is a men’s clothing brand based on a simple concept: portable technology seeking a balance between the rebellious, innovative, masculine and irreverent.
PAPAYA – Peru
Papaya is a web platform that offers audiovisual content and services.
POSITIVE ID – Colombia
PositiveID is an identity verification network.
QUOLAW – Argentina
Quolaw offers a legal tool in the cloud that helps lawyers to do their work in a secure and efficient manner.
TEDCAS – Spain
TedCas develops the most advanced natural interfaces for medical assistance.