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Extentia - Amplifi Startup Consulting

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Extentia - Amplifi Startup Consulting

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The number of startup ecosystems worldwide is currently booming. There are many opportunities but competition is extremely intense. Here is a guide to successful startups and how the right accelerator can boost you ahead of the rest.

The number of startup ecosystems worldwide is currently booming. There are many opportunities but competition is extremely intense. Here is a guide to successful startups and how the right accelerator can boost you ahead of the rest.

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Extentia - Amplifi Startup Consulting

  1. 1. STARTUP CONSULTING How to Start a Business
  2. 2. Contents ■ The Booming Startup World ■ Hottest Startups ■ How Do All Startups Begin? ■ Examples ■ What Startups Need to Consider ■ Geoffrey Moore’s ‘Chasm’ ■ Pre-Chasm Problems ■ Post-Chasm Problems ■ Who Can Help? ■ Key Points ■ What Extentia Thinks
  3. 3. Contents ■ How Extentia Can Help ■ Amplifi’s Accelerator Program ■ What Does Amplifi Offer? ■ Mentorship Program ■ Meet the Mentors! ■ Knowledge and Guidance ■ Infrastructure and Resources ■ Access to Network ■ The Route to Success ■ What do Amplifi’s Startups Say?
  4. 4. The Booming Startup World
  5. 5. Hottest Startups Uber Airbnb Dropbox Snapchat Xiaomi Square Pinterest Spotify
  6. 6. How Do All Startups Begin? ■ With an idea that is either completely new or enhances another
  7. 7. Examples: Uber ■ Uber combines technology and travel ■ Started with only 3 cars ■ Now valued at approximately $10 billion!
  8. 8. Examples: Airbnb ■ Began because the founders couldn’t afford rent ■ They let out their loft and realized how other home- owners could benefit ■ Guests also benefit from a “home away from home” ■ Now Airbnb is valued at over $25 billion
  9. 9. ■ The Technology Adoption Lifecycle can be used to show how startups need to develop to enter the mainstream market What Startups Need to Consider
  10. 10. Geoffrey Moore’s ‘Chasm’ ■ Chasm – gap where the original excitement behind the startup has diminished but it is yet to enter the mainstream market
  11. 11. Pre-Chasm Problems 90% of startups fail! Innovative ideas aren’t always relevant for the real world Unexpected issues may arise and problems may change rapidly Traditional methods of running a business may not be relevant for very disruptive ideas
  12. 12. Post-Chasm Problems After passing the chasm, businesses can no longer work in the same way: they must adapt to the mass-market The startup may have too many goals with not enough resources Tradeoff between innovation and staying the same (which is often easier) As a company enters the mass-market, cultural misalignment can become an issue
  13. 13. Who Can Help? ■ Incubators and Accelerators are great opportunities for young companies ■ They point you in the right direction!
  14. 14. Key Points Accelerators Set time frame Very selective Investment and infrastructure Network & mentors Incubators No set time frame Sometimes sponsored by government/corporations Can focus on entire market/industry Co-working is often essential
  15. 15. What Extentia Thinks We are passionate about startups – they are the future! We believe that strong governance and management are key for success Startups should aim to plan things with only 20% elasticity All of this must be internalized within the business
  16. 16. How Extentia Can Help ■ We have a dedicated Startup Consulting Team who are passionate about closing the ‘Knowing-Doing Gap’ by providing the knowledge necessary for success ■ To find out more please visit www.extentia.com/exseed-startup-consulting
  17. 17. Amplifi’s Accelerator Program ■ We have recently partnered with Amplifi ■ The accelerator offers a rigorous program for its chosen B2B (Business to Business) SaaS (Software as a Service) startups
  18. 18. What Does Amplifi Offer? ■ Mentorship Program ■ Knowledge and Guidance ■ Infrastructure and Resources ■ Access to an Extensive Network
  19. 19. Mentorship Program ■ Regular communication with mentors from around the world ■ Many have founded and managed startups into successful businesses themselves ■ They can guide startups and help them respond to any problems along the way
  20. 20. Meet the Mentors! ■ Here are some of the mentors that startups can regularly communicate with and learn from: Click to learn more!
  21. 21. “One of the greatest values of mentors is the ability to see ahead of what others cannot see and to help them navigate a course to their destination” John C Maxwell
  22. 22. Knowledge and Guidance ■ Regular workshops and seminars take place ■ Such events include things like UX Design workshops hosted by very experienced people ■ Startups are taught everything about how to run a successful business
  23. 23. Infrastructure and Resources ■ The infrastructure and resources needed for startups can be overwhelming ■ Amplifi and its partners provide everything from office space to interns ■ The startup can concentrate on expanding its knowledge
  24. 24. Access to Network ■ Amplifi has a huge range of well-established partners (some of which are shown below) ■ Startups therefore have access to funding, knowledge and connections
  25. 25. The Route to Success ■ The selected startups in Bengaluru are half way through the program ■ Applications are now being launched in other cohorts ■ Keep an eye out for the future success of the chosen startups
  26. 26. What Do Amplifi’s Startups Say? “Amplifi provided just the right platform that any SaaS startup would look for during the early days.Team Amplifi and the mentors are incredible.” • Abhishek Moharana • Co-Founder and CEO,Trilyo “It is great meeting & interacting with some really strong domain experts who has given me great insights on how to position the company, things to focus on, pricing, general business etc.” • Swathi Komandur • Founder and CEO,Varsito “Amplifi has been a boon for us, the energy, urgency to keep the needle moving and planning is awesome. Sudarshan’s attention to detail and effort in understanding the unique needs of our business in the stage we are in has been great.” • Saurabh Majumdar • Founder and CEO,Tellofy
  27. 27. THANK YOU! Share your feedback on http://www.extentia.com/contact-us

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