GLOBAL ACCELERATOR PROGRAM SEED STAGE MENTORED INVESTING

In Greek Mythology, a Chiron was a learned centaur mentor of Heroes.

Kyrons vision is to become one of the leading accelerators in the world, a mentor to global heros, with relationships that reach every center of innovation and touch leading commercial and non-profit organizations worldwide.

TAPPING THE UPTAKE OF ENTREPRENEURIAL ACTIVITY IN INDIA

Bangalore was labeled a hotbed of startup activity in a recent E&Y global VC report: $330MM was invested in 44 deals in the 1st half of 2012, an 88% increase over the same period last year. Pan India, there were 43 seed/angel rounds in the first half of 2012 compared to just a handful in 2011. Bangalore is also a Talent Hotbed given that IT firms in the city employ about 35% of India's pool of 2.8 million IT professionals. There are also an increasing number of Silicon Valley entrepreneurs returning to their home country to tap the growth of the economy.

IN A WELL FUNDED BUT UNDERSERVED ECOSYSTEM

According to E&Y, the growth capital venture space in India is getting overcrowded. With about 400 VC funds in operation, this glut has driven up valuations, prompting concerns by many private equity investors. Yet there is still plenty of room for early-stage VC funds, especially in the almost empty pre-revenue space. In the last few months, there has been over $100MM raised by angel groups and super-angel funds to spur this growth. On the other hand, there are only 10 accelerators across the country. The top 3 U.S. accelerators accelerate more startups per year than all of Indias combined.

FOUNDING PARTNERS
Lalit Ahuja is a serial entrepreneur, having founded the Indian operations for Target, NDS, Star TV and LG Electronics. Lalit also served as the CEO of Datamatics and as Senior Advisor to IBM Japan. He has forged joint ventures, acquired, restructured, spun-off and sold numerous companies. Lalit cofounded ANSRSource, a consulting firm focused on establishing strategic offshore captive centers for Fortune 500 companies. He also founded Suntech Data Systems, a BPO focused on clinical research and education markets. Lalit retired from the Indian Navy as a Lieutenant Commander, where he founded and led the prestigious Naval Computer Application Centre, one of Indias largest and most sophisticated capabilities. Lalit received his MS in Computer Science from the Indian Institute of Technology, Mumbai and BS from Birla Institute of Technology and Science, Pilani. John Cook is Chairman of Rock Lake Associates, a Swiss-based investment advisory firm focused on private equity, venture capital, real estate and direct transactions. His primary geographic focus is Europe, Asia and the Middle East, where he works closely with institutional investors and family offices. He began his career with international assignments for Merrill Lynch, Bank of America and International Harvester. John is Chairman Emeritus of the Thunderbird Global Private Equity Center, a globally recognized thought leadership platform he founded in 2004. He received his BS from Purdue University and an MBA from Thunderbird School of Global Management.

BY BUILDING UPON A PROVEN SEED ACCELERATOR MODEL

In 2005, Y Combinator (Mountain View, CA) developed a new model of startup funding: a 3 month intensive residential program where cohorts of very early stage tech company founders are given on average $15,000, extensive mentoring, and a number of perks in exchange for up to 6% equity. The objective is to get these companies in the best possible shape and refine their pitch to investors by the last day of the Program, called Demo Day. Since 2005, Y Combinator has invested over $6,000,000 into 450 startups, and the returns are impressive: the combined value of the top 21 companies was estimated at $4.7 billion in 2011. Even though Y Combinator only had 6% stake which got diluted over successive rounds, the residual stake is worth north of 100x the initial investment. In Bangalore, TheMorpheus, a bootstrapped accelerator established in 2009 partially exited one of its portfolio companies recently when it raised $4.5MM series A from Sequoia Capital. Overall, it has performed on par with the top tier 2 U.S. accelerators.

IN A HI-TECH BOOTCAMP ENVIRONMENT

Kyron has just completed a newly renovated 5,000 sq ft hi-tech facility in the heart of Bangalore specifically designed for accommodating up to 15 founding teams on a 24/7 basis. The intensive 4 month program best described as a mentored iterative go-to market sprint -- is being developed by Dr Tom Duening, successful entrepreneur, prolific author, and Chaired Professor of Entrepreneurship at UC, Colorado Springs.

LEAD BY A GLOBAL TEAM OF FOUNDERS, MENTORS & PARTNERS

Kyrons founding team is global and entrepreneurial at its core with 100+ years of combined experience in building companies, raising capital and making investments across multiple geographies. Kyron has partnered with ANSRSource, the leading incubator to Fortune 100 Companies Captive Centers in India, including Target Corp, Wells Fargo, General Mills, Grant Thornton and others. ANSRSource has created 20,000 high level jobs and attracted over $1 billion in investment. For Kyron, ANSR will provide a full range of support services to our portfolio companies, allowing them to focus on go to market activities. In addition we are working closely with prominent technology, media and professional services companies to provide their products and services free or at a heavily discounted price to our founding teams.

TO MAXIMIZE EXPOSURE TO BLACK SWAN EVENTS

We select startup entrepreneurs and companies based on the strength of the founding team and on the potential transformative impact that their business idea could have. We spray and mentor innovation across everything we do, including our Business-to-Startup (B2S) strategy to become with our ANSR Source partner --the first one-stopshop and innovation powerhouse for all startup services. Globally.

Legal Disclaimer: Information enclosed in the present document is indicative to allow the reader to evaluate the Kyron Program. Figures and objectives shown in this document are based on assumptions from our market knowledge and from our India experience in particular. These figures however cannot be considered as a formal and final commitment from Kyron. This document may be considered as a description of the Kyron program, not as a contract or offering document.

FOUNDING PARTNERS
Sundi Natarajan is a Co-Founder of Sparksoft Corporation, focused on development services in BPM, ERP, CRM and Big Data; and advises / serves on the boards of 7 technology investee companies, including Tabtor, Wellth, e-GMAT, Techfetch. Sundi served as VP at COE, where he headed multi-million dollar businesses in EHRI, SDM and a performance management suite purpose built for the US government. Prior to that he served in senior management roles at Riveon, Telispark, Baan and advised Sprint Nextel in the areas of strategy, outsourcing and global product development. Sundi is a Charter Member at TiE, and an active investor at the Indian Angel Network. He also serves on the investment committees of BITS Pilani Alumni Angels group, and XBE in partnership with the San Francisco Bangalore Sister City Initiatives. Dr. Thomas Duening is the El Pomar Chair of Business and Entrepreneurship at the University of Colorado, where he is responsible for curriculum development and teaching principles of entrepreneurial finance and venture creation at the MBA level. Tom is a prolific writer and lecturer; has launched numerous technology companies; founded the Arizona Technology Investor Forum, and he advises many universities and corporations from India to Texas to Arizona on innovation, technology management and financing startups. Tom earned his MA and PhD at the University of Minnesota, and his BS at University of Wisconsin.
CORE FOCUS IDEA & ULTRA EARLY STAGE LEAN STARTUPS LEVERAGING WEB, MOBILE AND CLOUD PLATFORMS TARGET PROFILE FOUNDER ADDRESSING A REAL PROBLEM OR OPPORTUNITY WITH A DISRUPTIVE SOLUTION IN A SCALABLE MARKET o o o o o o INVESTMENT PROFILE Deal Size: $10K in Cash Support: $20K in Services Equity Stake 10% Phase One Size: $1 Million Use of Funds: ~25 Deals Cohort Cycle: 3 x 4 Months PROJECTED RETURNS 5-10 x Over 5-6 Years EXIT STRATEGY Angel Funding Series A + B Rounds M&A Acquisitions

ROADMAP
Our objective is to accelerate ~500 startups over the next 5 years in 3 Phases. Phase 1: $1.0M through a Mauritius-based investment holding company Invest in 25 companies in India (3 Cohorts) Indian Pvt. Ltd. Advisory Company provides facilities and acceleration services Phase 2: $5M through a AIF regulated LP/GP structured fund 125 companies: 7 Cohorts Phase 3: Super-Angel $50M AIF regulated LP/GP Fund Follow-on & early stage VC Multi-Country Accelerator Over 350 companies

We are expecting our greatest returns from our Phase 2 Fund, and from our Phase 3 Super-Angel Fund which would be able to double-down with follow-on investing in the A and B rounds of the most promising companies in each cohort since we will have performed 4 months of in-situ due diligence on them.

PHASE ONE PROGRAM LEGAL STRUCTURE

A UNIQUE GROUND FLOOR OPPORTUNITY

Kyron Advisory Partners will hold a 25% stake in KHL, and a similar equity holding for any management vehicle set up for Phases Two and Three. The first proceeds from Phase One, as well as any carried interest from an LP/GP structure in Phases Two and Three, will be allocated to Kyron Advisory Partners; after they have received 100% of their capital contribution, then to all shareholders on a pro-rata basis.

Legal Disclaimer: Information enclosed in the present document is indicative to allow the reader to evaluate the Kyron Program. Figures and objectives shown in this document are based on assumptions from our market knowledge and from our India experience in particular. These figures however cannot be considered as a formal and final commitment from Kyron. This document may be considered as a description of the Kyron program, not as a contract or offering document.