Announcing January 2018 Cohort

Announcing January 2018 Cohort

NUMA is excited to introduce the five startups joining us for our January 2018 cohort. Before being accepted into our program, each company was put through a highly selective process. Of the 600+ startups that applied, we admitted less than 1%. Our five startups are product-market ready and have traction either in their domestic market or in the US. Over the course of the ten week program, our companies will work to build out their traction in B2B sales, B2C user acquisition or fundraising in the US market. Read below to learn more about the companies who have joined us:

Cultura Colectiva

Pitch line: Cultura Colectiva is a viral media outlet that uses data-driven technology to reach millennials.

Bottom line: Cultura Colectiva has already begun to generate massive buzz in the Mexican market gathering over 22 million followers on Facebook. You can expect Cultura Colectiva to make a big splash if they are able to replicate their success and reach here in the US!

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Lya

Pitch line: Lya is your personal social assistant, connecting you to people who share your values in under 59 seconds!

Bottom line: Following testing in France that got many people excited about such a product, Lya is ready to bring people together in one of the biggest cities in the world.

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TRATO

Pitchline: TRATO is a blockchain-based contract lifecycle management system featuring software that automates and simplifies legal processes in an easy to use interface

Bottom line: Hitting the ground running, Trato has already piqued the interest of many enterprise companies looking to cut away legal inefficiencies, expect Trato to capitalize on early interest as they try to make big waves.

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Amplemind

Pitch line: Amplemind is a nimble, multi-disciplinary and design-focused technology agency based in Guadalajara, that works seamlessly with Agencies and Startups and specializes in native mobile apps, web apps and responsive websites.

Bottom line: Amplemind is a successful technology agency with $650k in revenue, 25 employees and a 75% rate of being rehired! If Amplemind is able to gain the traction in New York that they have in every other region they’ve targeted, you know they will continue to grow.

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Luv.it

Pitch Line: Luv.it is a curated social marketplace that connects conscious individuals with ethical and sustainable brands.

Bottom Line: Luv.it Already has 180 designers on its platform and a strong customer base on the West-Coast and Mexico. As they continue to build traction, look for them to help propel the $2.4 trillion fashion sector into the 21st century.

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On the Future of VC, Machine Learning and Your Startup - Mentor Highlight #1

On the Future of VC, Machine Learning and Your Startup - Mentor Highlight #1

I sat down recently with Prasant Sudhakaran, Co-Founder and Director of Corporate Development at Aingel, a platform used to predict the success of entrepreneurial teams by analyzing over a 100 factors, including work history, educational details, prior startup and fundraising experience, and the digital footprint of individual members of the team. Prasant has also recently served as an adjunct professor at NYU and an esteemed mentor in the NUMA New York network. Over the course of the past several months Prasant has assisted NUMA in its selection process, evaluating the pitches of our potential companies and using the Aingel platform to analyze the potential of our founders. In our conversation, Prasant shared context on Aingel’s inception, and took a deep dive into the history and trends of the VC industry.

Grad School to Boardroom - Aingel.ai

Aingel began as a grad school project of its 3 co-founders, researching the ability of machine learning to predict the success of teams. Turning the complex research done in this graduate school setting into a successful company wasn’t easy, however, over the course of the past two and a half years Prasant and his team have reached increasing levels of growth. Expanding beyond its initial offering to analyze the success of a startup based on its team, Aingel now leverages its proprietary technology to facilitate VC/startup partnerships!

To Data or not to Data

When asked about the trends in the VC industry, Prasant pointed to the gradual acceptance and embrace of data within the industry. When Aingel first began analyzing the likelihood of companies’ success, many in the VC world met the offering with skepticism, asking “Are you going to automate my job away?” or “How can you predict this with your data?” Over time, Prasant has seen the VC industry become more accepting of data-driven methods, gleaning relevant insights on entrepreneurial success and VC partnerships as a result of the Aingel platform.

Will VC Survive Automation?

Today, some in the entrepreneurial community may be wary of the long-term sustainability of VC as a profession, especially as data continues to enhance our decision making. Prasant points to the value of VC support that goes beyond access to capital. Machine Learning may help us most-efficiently allocate capital to entrepreneurial teams, however, early-stage VC investors also provide expertise, guidance and network beyond capital that are also crucial to the success (or failure) of a young company. As our reliance on data to help us make decisions increases, Prasant is confident that VCs will continue to operate as valued connectors and advisors for aspiring entrepreneurs.

Why Does Prasant Mentor at NUMA?

After being helped by many people who have expected nothing in return, Prasant is happy to give back as he can.

Thanks Prasant, NUMA deeply appreciates all the help and time you have shared with the community!!


Prasant is the co-founder of Aingel.

Prior to co-founding Aingel, Prasant spent over 10 years in finance and consulting for firms across geographies. Starting his career as a fixed income trader, he moved on to management consulting, where he worked with multiple Fortune 500 companies, SMBs and not-for-profit organizations.

Prasant’s interests lie in using Machine Learning and Artificial Intelligence in the areas of finance and marketing. He has a BA in Economics and Finance from De Montfort University, and an MS in Business Analytics from New York University.

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Maor is the Program Manager at NUMA New York

Maor supports program operations and outcomes alongside NUMA's Program and Managing Director.  At NUMA, Maor has ensured cohort startups have immediate access to all program assets, as well as a smooth experience throughout the program.  

Prior to working at NUMA, Maor consulted for Israeli startups on US market-entry and how to obtain funding domestically as well as abroad in the US.

Interview: Alex Tsepko (Photolemur, Skylum)

NUMA New York Program Director, Frances Simowitz sat down with recent NUMA Startup Program alum, Alex Tsepko (of Photolemur and Skylum), about his experience in the program:

Frances: What was valuable about your experience with NUMA?

Alex: NUMA has been an eye opening experience for Photolemur, we revised the strategy, we revised the approach to markets, we discovered so many things and NUMA helped a lot.ow, because of NUMA, Photolemur is a more healthy business and a stronger startup, with great opportunities. [We received] lots of valuable feedback and we have a super bright future. That wouldn't be possible without NUMA for sure.

Frances: What was your favorite part about our program?

Alex: I love the people in the network, I love the approach, the human touch, and expertness, they have great people with lots of knowledge with lots of great opportunities that they can share!

Thanks Alex! We are tremendously excited about what Photolemur and Skylum will achieve going forward!

If you are interested in joining our community of diverse, talented and impact-driven entrepreneurs and startups apply now for our January 2018 Startup Program: http://bit.ly/2z4aBTy

To learn more about NUMA’s Startup Program and potential partnership opportunities, contact Program Director Frances Simowitz ([email protected]) or Program Manager Maor Gordon-Guterman ([email protected])

NUMA is on a mission – Marie-Vorgan Le Barzic, CEO of NUMA

In 2030, the global demand for water will exceed Earth’s capacity by 40%.
More than 40% of today’s jobs will have disappeared. Climate change alone will have created 100 million additional poor people.

Have you already read these forecasts? Take a few minutes to read them again, slowly this time. Let what they actually mean sink in.

In 2030, the world is projected to face a 40% global water deficit.

More than 40% of today’s jobs will have disappeared.

Climate change alone will have created 100 million additional people living below poverty lines.

To tackle these dangers, mission-driven tech entrepreneurs, the ones who are part of a bigger picture, contribute to the solution.

I know that they are able to develop and roll out sustainable solutions, taking part in solving some of mankind’s key problems. I also know that the development and implementation of these global solutions to global problems will produce future companies on the Unicorn List.

NUMA is striving to seize and foster this opportunity, by empowering mission-driven tech entrepreneurs to solve the global problems of 2030. It is time for us to demonstrate our drive to support the entrepreneurs who provide answers to the key problems of the future. Education, healthcare, food, mobility, energy, work, transparency and security: we will now devote our work to issues requiring urgent action and a relevant technological response. From now on, this will be our mission.

The obsession with value creation

In practice, this mission follows on from and confirms what NUMA has always been about. From the outset, I focused on making NUMA a tool of global action, a value creation tool that is constantly reorganised for maximum impact and to heighten its effectiveness. NUMA’s history and structure have changed as we have gained awareness collectively, as our beliefs have been strengthened and as value creation opportunities have arisen for us.

 

SILICON SENTIER

In 2002, following the “Internet bubble”, I worked to snap the Silicon Sentier association out of lethargy, to bring together digital entrepreneurs, so that they could rebuild their career paths and help each other, to assist them in continuing their actions and impact on the world.

 

LA CANTINE

In 2008, a movement was launched around Silicon Sentier. Regular events fostered the entrepreneurial drive and created business and development opportunities. This movement was occasional, sporadically meeting for events. It needed a permanent feature. This is how La Cantine came about in 2008, a hybrid space for events and co-working, a common house for the digital ecosystem in Paris.

 

LE CAMPING

In 2011, the environment had changed, events were held on a daily basis across Paris and a generation of entrepreneurs had gone by. These seasoned entrepreneurs created a baseline and some became inspiring role models, setting the milestones of French-style entrepreneurship. This excellence and drive to share their experience were the foundation for an acceleration model, for entrepreneurs, by entrepreneurs. The result was Le Camping, the first start-up accelerator in Paris. Its goal was to add performance to ambition, and ambition to performance.

NUMA

In 2013, the dawn of this faster, more demanding, cross-cutting entrepreneurial era, which hit the most stable industries, had become a matter of course. Collectively, it was certain that beyond technological issues, organisational and management models were being challenged.

I clearly remember the opening address at NUMA on 14 November 2013 when I asked the question out loud: how can common ground be found between major companies and start-ups? How can we prevent society being divided between the old and new economy? Thousands of companies ran the risk of folding if they did not fully gauge the importance of entrepreneurial culture, while thousands of entrepreneurs ran the risk of failing if the ecosystem surrounding them did not adapt to support them. NUMA’s value proposition was to open wide its doors and model to identify common competitive levers, for the benefit of all, for Paris and France’s global outreach.

 

Go Inter and Go for Profit

There is no doubt that the model that we had built up in Paris created value for the entire innovation ecosystem and was unique. We received an increasing number of calls from accelerators and cities wishing to duplicate our model. The alternatives offered to them were divisive or focused on only a section of the ecosystem. I therefore decided to launch NUMA’s expansion on an international scale, by opening offices in Moscow, Bangalore, Casablanca, Barcelona, Mexico City, then Berlin and New York this year.

To make this development possible, NUMA became a company. This was also a chance to show that the ideological straightjacket that opposes economic performance and general-interest action is not viable. Economic performance and ambition must serve a broader action than its own advancement. Economic performance cannot be uncoupled from strong values and a drive to make the world a better place.

Today

It is now 2017. The world is full of amazing initiatives to serve entrepreneurs, the digital transformation has become a seemingly infinite market, and the community approach is now an obvious choice for value creation. So, today, in which areas can NUMA still enhance its value creation?

 I am convinced that we can enhance our value creation by showing our willingness to steer our ecosystem and by stopping to be agnostic.

NUMA receives some 6000 applications each year worldwide from entrepreneurs with varying degrees of maturity and ambition. Some stand out. They stand out for a shared quality: they live for their mission. They want to take action to improve the world around them, to put their energy and performance into solving global problems.

One mission before one million

I therefore decided to clarify our mission: NUMA  empowers mission-driven tech entrepreneurs to solve the global challenges of 2030. I am convinced that in doing so, we will be supporting the future companies of the Unicorn List, for two reasons.

  • Successful implementation must be underpinned by an absolute requirement of concentration and simplification for the mission. The mission which guides entrepreneurs is the best asset to ensure successful implementation;

  • The global problems of 2030 are enormous value creation fields, in which entrepreneurs will be able to build up profitable and long-lasting companies.

Remember, according to current forecasts, in 2030, global demand for water will exceed 40% of Earth’s capacity. More than 40% of today’s jobs will have disappeared. Climate change alone will have created 100 million additional poor people.

It is my firm belief, which steers NUMA, that the technological entrepreneurs guided by their mission could prove these projections wrong through their performance.

Behind NUMA’s new mission lies a little naivety and hope and humility in abundance. We are not the first to tackle these issues. We absolutely hope that we will not be the last, the problems we wish to solve are so broad that the entire economic fabric could work to solve them and there would still be plenty of scope for further improvement.

 

If you think that we can walk part of the way together to support the technological entrepreneurs who make it their mission to meet the global challenges of 2030, please get in touch!

NUMA New York Startup Program Info Session

NUMA New York Startup Program Info Session

Is your startup the right fit for NUMA New York? Watch our NUMA New York Startup Program webinar to learn all about our 10 week program to help non-U.S. startups enter and scale in the U.S. Market. 

The hour long webinar covered: 

  • The 10 week program's structure and three tracks (B2B Sales, B2C User Acquisition, Raising Investment) 

  • Selection criteria and minimum requirements 

  • Contract and payment (Flat fee Vs. Warrant options) 

  • Our network of mentors, experts, and alumni 

Our 10 Week Program is for startups that:

  • Were founded outside the U.S. 

  • Have minimum $500K in seed funding or cash

  • Can operate with minimum 1 co-founder in New York during the program

Our application deadline is July 1st. To learn more and apply go to https://newyork.numa.co/startups/