Slides from presentation at BDL Accelerate 2014 in Beirut, Lebanon - Nov 21st, 2014

1. STARTUP HERE
STARTUP NOW
VITALY M. GOLOMB - @VITALYG
NOV 21st, 2014

2. corporate
people
startup
people
P experts in one area
P years climbing ladder
P stable lifestyle
P real responsibilities
P life balance
P generalists
P early start
P cheap lifestyle
P nothing to lose
P nothing else matters

3. A STARTUP IS...
an experiment in search
of a business model
- steve blank

4. A STARTUP IS A COMPANY
THAT IS CONFUSED ABOUT:
1. WHAT ITS PRODUCT IS,
2. WHO ITS CUSTOMERS ARE,
3. HOW TO MAKE MONEY
- DAVE MCCLURE

5. “A STARTUP’S DEFAULT
STATE IS #FAILURE. AS A
FOUNDER, YOU HAVE TO
WORK TO UNFAIL IT.”
- VITALY M. GOLOMB

6. retire, play golf, die
get regular promotions
get in a good company
go to a good college
get good grades
normal career

7. startup career
if successful
what people think
it looks like
what it really
looks like

8. entrepreneurship
is a mental disorder

9. but it takes a
little crazy...
to change
the world

10. WHO IS THE CUSTOMER?
WHAT IS THE PROBLEM?

11. don’t build technology
looking for a problem to solve
solve a painful problem

12. PAIN KILLER
NOT VITAMIN

13. HOW IS IT CURRENTLY
BEING SOLVED?

14. no competitors
=
no problem
=
no market

15. HARD? EXPENSIVE? SUCKS?
HOW ARE YOU DIFFERENT
AND BETTER?

16. F’IN

17. A RISING TIDE
LIFTS ALL BOATS

18. main ingredient: team

19. BUSINESS
with domain expertise
DESIGN ENGINEERING
balanced startup team

20. WHY HERE?
WHY NOW?

21. IT IS EASIER TO STARTUP
ANYWHERE NOW THEN IN
SILICON VALLEY IN 1999

23. the new tools
of the trade

24. EUROPEAN EXIT ARE 25% SMALLER, BUT…
ENTRY VALUATIONS ARE 3-4X LOWER

25. EUROPE PRODUCES
1/2 AS MANY EXITS AS U.S.
AND 1/3 OF $100M+ EXITS
WITH ONLY 20% OF U.S. VC

26. EUROPEAN INVESTED
CAPITAL UP OVER 35%
IN 2014 ALONE
SOURCE: PITCHBOOK

27. BRACE YOURSELVES
INVESTORS ARE COMING

28. LOOKING FORWARD

29. WIN YOUR HOME
1MARKET FIRST

30. support/mentor
2the next generation

31. help build
the ecosystem
www.goo.gl/Y2nOL2
3
source:

32. +Investor
@cccstartups
WANT THE SLIDES?
FOLLOW @VITALYG