Startups and public policy 090811
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Startups and public policy 090811
- 1. Startups and Public Policy Steve Blank www.steveblank.com Twitter: sgblank Slides: www.slideshare.net/sblank
- 2. Corporate Lifecycle, Innovation, Startups, Founders, Ecosystem
- 3. Corporate Lifecycle, Innovation, Startups, Founders, Ecosystem Why Should I Care?
- 4. Why Start New Companies in Finland?
- 5. Because Old Ones Die
- 6. Corporate Lifecyclesare Getting Shorter
- 7. Disruption Technology, Globalization, Regulation, Consumer Taste
- 8. Disruption Technology, Globalization, Regulation, Consumer Taste, Competition, etc.
- 9. Job Growth From Existing Companies will decline
- 10. Job Growth Will Come From New Companies
- 11. Job Growth Will Come From New Companies Startups
- 12. First -What’s A Startup? Six Types of Startups
- 18. Total Available Market > €300m
- 19. Can grow to €50/yearScalable StartupBorn to Be Big
- 23. Buyable Startup Search Sell Scalable Startup €3 to e0M Acquisition Goal is to solve for: Internet and Mobile Apps Sell to larger company
- 26. Partner
- 27. Acquire- IP- Talent - Product - Customers - Business
- 30. Partner
- 31. Acquire- IP- Talent - Product - Customers - Business
- 35. Each of these startups require different Government Policies They Can Not Be Built the Same Way
- 36. Scalable Startups Will Provide the Highest Job Growth
- 37. Scalable Startups Will Provide the Highest Job Growth They Require an Ecosystem You Do Not Have
- 39. No funding
- 40. Building product
- 42. mentoring = experience
- 43. networking
- 44. shared office
- 45. small funding ~ €30K
- 46. limited time ~ 6 monthsIncubators Scalable Startup Ecosystem
- 48. searching for a business model
- 49. limited funding ~ €300K
- 50. mentoringIncubators Scalable Startup Ecosystem
- 52. Found a business Model
- 53. Scale
- 54. Multiple rounds of money
- 56. Capital Gains
- 57. Immigration
- 58. Cultural view of Risk and FailureAll actively discourage Scalable Startups Scalable Startup Ecosystem
- 59. Each of These Steps Must Require Risk
- 60. Each of These Steps Must Require Risk For the Entrepreneur and For the Investor
- 61. Public Funding of Private Capital Does Not Work
- 62. Public Funding of Private Capital Does Not Work Each Party Needs to Have Equal Risk
- 63. The Goal of Public Funding Should be to Create a Private Capital Ecosystem
- 64. The Goal of Public Funding Should be to Create a Private Capital Ecosystem Fund and attract experienced Incubators & Venture Capital
- 65. And Put Yourself Out of Business
- 66. Thank You