They rehearsed for a week on a business presentation that would take ten minutes. It was time well spent. Now the founders of the startup-company Get acceptance from Malmo admitted to the fabled Y Combinator in Silicon Valley.
Get The acceptance has as one of only three other Swedish companies have so far received the world’s hottest business accelerator that co-financier, where companies like Airbnb, and Dropbox seen the light.
The figures on how many companies each year for a place at Y Combinator between 7 000 and 15 000. In Malmö contractors of the company Get Accepted in early November had come there to make their pitch remained around 400 competitors.
“We were four people who went to California in ten minutes to introduce our business for their selection panels. We rehearsed pitch in a week, “says Mathias Thulin who are the main investors in the Get Accepted.
Read more: Studio Total-founders admitted to Y Combinator
The company has been around for about a year and is born out of a circuit around Malmö company Apsis and Lundalogik, both are companies that manage customer relationships.
Mathias Thulin and his partner Jonas Blanck, the company Prospect Eye on the merit list, a company they 2013 sold to Apsis. Then it was about a company that analyzes the visits to the website to track the target.
Now the main investors to Samir Smajic who is the man behind the Goat acceptance and the company’s CEO. The company has developed a platform where sellers can send digital quotes that are connected to the system software.
If the system detects no activity from the receiver set it automatically started sales activities, such as banner advertising, text messages and emails.
Additionally, there are function of digital signing of contracts. All based on the realization that six out of ten traditional quotations never lead to a deal.
“We have been in the US before and met investors, but we were told that either we would come back when we have 10 million in sales, or so we would look into Y Combinator, and we did, “says Mathias Thulin.
Y Combinator has an extreme impact, and is now investing SEK 1 million compared with 7 percent in the company. Get Accepted move in on January 5 and then wait three months of intensive work under the supervision of företagsacceleratorns mentors. On March 23, it’s time for a new pitch, and then facing America’s leading investment firms.
Read more: Silicon Valley super accelerator from the inside
” We say the company coming out of Y Combinator has a value between 100 and 200 million. Our product is developed. What is at issue now is marketing to find customers in the United States, in parallel with that we collect customers in Sweden, “said Samir Smajic.
Now begins the journey to become a unicorn – a start-up company which will be worth more than $ 1 billion.
Facts
Swedish founded the company in Y Combinator
Heysan – 2007
Verbs Ling – 2011
Wheelys – 2015
Get Accept – 2016
Y Combinator company is now valued at over $ 2 billion
Airbnb
Dropbox
Zenefits
Stripe
Instacart
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