1

500m-2km

January 2013

May 2013

September 2011

Alpha January 2012

April 2012

May 2012 1st Pivot

October 2012

Beta

May 20132nd Pivot

75% of startups

fail**VC funding from 2004 to 2010

€

FRAGILEBusiness Plan

FRAGILEBusiness Plan

MVP

MVP