SlideShare une entreprise Scribd logo
1  sur  28
Télécharger pour lire hors ligne
@DaveMcClure 
@500Startups http://500.co 
World Knowledge Forum - Seoul, Oct 2014 
Building Startup Ecosystems
This Talk… 
• Changes in Tech Startups & Venture Capital 
• “Lean VC” = Quantitative Venture Capital 
• Building Startup Ecosystems 
• “Global” Entrepreneurship
Dave McClure 
Founding Partner & Chief Troublemaker, 500 Startups 
00’s & 10’s: 
• VC: Founders Fund, Facebook fbFund, 500 Startups 
• Angel: Mashery, Mint.com, SlideShare, Twilio, Wildfire, SendGrid 
• Marketing: PayPal, Simply Hired, Mint.com, O’Reilly 
! 
! 
80’s & 90’s: 
• Entrepreneur: Aslan Computing (acq’d by Servinet/Panurgy) 
• Developer: Windows / SQL DB consultant (Intel, MSFT) 
• Engineer: Johns Hopkins‘88, BS Eng / Applied Math
500 Startups 
Global Seed Fund & Startup Accelerator 
• What is 500? 
– $120M silicon valley VC fund + startup accelerator 
– 40 people / 13 investing partners 
– Locations: SV/SF, MEX, BRZ, IND, CHN/TWN, KOR, SE Asia, MENA 
– 2000+ Founders / 200+ Mentors 
– Community + Content + Conferences 
! 
• 850+ Portfolio Co’s / 50+ Countries 
– Wildfire (acq GOOG, $350M) 
– MakerBot (acq SSYS, $400M) 
– Viki (acq Rakuten, $200M) 
– Simple (acq BBVA, $117M) 
– Twilio 
– SendGrid 
– Credit Karma 
– Udemy 
– TheRealReal 
– Barkbox 
– HomeJoy
500 Startups: Global Seed Fund 
Over 200+ startups outside US across 50+ countries
This Talk… 
• Changes in Tech Startups + Venture Capital 
• “Lean VC” = Quantitative Venture Capital 
• Building Startup Ecosystems 
• Global Entrepreneurship 
• Q & A
Industry Changes 
• Financial Market Crises (2000, 2008) 
• Startup Efficiency, Lean Startup Movement, Reduced Capital Costs 
• Growing Market, Global Distribution Platforms, Growth Hacking 
• Improved Monetization, Developing Payments Infrastructure 
• Developing Startup Ecosystems, Global M&A 
! 
• Micro VC: Seed Funds (ex: First Round Capital) 
• Incubators & Accelerators (ex: Y Combinator, TechStars, 500) 
• Funding Platforms (ex: Angel List, Kickstarter) 
• Growing Global Market of Angel Investors 
! 
more info: http://PreMoney.co (June 27th, San Francisco)
Changes in Tech Startups 
• LESS Capital required to build product, get to market 
– Dramatically reduced cost for servers, software, bandwidth 
– Funding Platforms: KickStarter, Angel List, Funders Club, etc 
– Access to online platforms for 100M-1B+ consumers, smallbiz, etc 
! 
• MORE Customers via ONLINE platforms (100M+ users) 
– Search (Google) 
– Social (Facebook, Twitter) 
– Mobile (Apple, Android) 
– Media (YouTube, Pinterest, Instagram, Tumblr) 
– Comm (Email, WeChat/WhatsApp/Line/Kakao, Voice, SMS, etc) 
! 
• LOTS of little bets: Accelerators, Angels, Angel List, Small Exits 
– Y Combinator, 500 Startups 
– Capital + Co-working + Mentoring -> Design, Data, Distribution 
– “Fast, Cheap Fail”, network effects, quantitative + iterative investments
Before & After 2 Dot-Com Crashes 
Daft Punk Startup: Simpler, Faster, Cheaper, Smarter 
Before 2000 
”Big, Fat, Dinosaur Startup” 
• Sun Servers 
• Oracle DB 
• Exodus Hosting 
• 12-24mo dev cycle 
• 6-18mo sales cycle 
• <100M people online 
• $1-2M seed round 
• $3-5M Series A 
• Sand Hill Road crawl 
After 2008 
”Lean, Little, Cockroach Startup” 
• AWS, Google, PayPal, FB, TW 
• Cloud + Open Source SW 
• Lean Startup / Startup Wknd 
• 3-90d dev cycle 
• SaaS / online sales 
• >3B people online 
• <$100K incub + <$1M seed 
• $1-3M Series A 
• Angel List global visibility
Platforms 2.0 
Search, Social, Mobile, 
Video, Messaging
Angel List: 
Platform for Investors + Startups 
• Startups + Metrics 
• Founders + Bios 
• Investors + Syndicates 
• Accelerators + Online Applications 
• Jobs + Talent 
11
This Talk… 
• Changes in Tech + VC 
• “Lean VC” = Quantitative Venture Capital 
• Building Startup Ecosystems 
• Global Entrepreneurship 
• Q & A
Silicon Valley 2.0: 
Lots of Little Bets 
aka “MoneyBall for Startups” 
• VC Evolution: Physician, Scale Thyself (Aug 2012) 
• MoneyBall for Startups, 500 Startups Investment Thesis (Jul 2010)
500 Strategy: Lots of Little Bets* 
1) make lots of little 
bets on pre-traction, 
early-stage startups 
2) in 6-24 months, 
double-down on top 
20-30% performers 
3) wait 3-7 years for returns: 
-5-10% large exits @20X+ ($50-100M+) 
-10-20% small exits @5X ($5-50M) 
*See Peter Sims book: “Little Bets”
The Lean VC: 
Lots of Little Bets, Incremental Investment 
Method: Make little bets in lots of startups using 
incremental investment, iterative development. 
Start with many small experiments, filter out failures, 
and expand investment in successes. 
! 
• Incubator: $0-100K (“Build & Validate Product”) 
• Seed: $100K-$1M (“Test & Grow Marketing Channels””) 
• Venture: $1M-$10M (“Maximize Growth & Revenue”)
Investment Stage #1: 
Product Validation + Customer Usage 
• Structure 
– 1-3 founders 
– $25-$100K investment 
– Incubator environment: multiple peers, mentors/advisors 
! 
• Test Functional Prototype / “Minimum Viable Product” (MVP): 
– Prototype->Alpha, ~3-6 months 
– Develop Minimal Critical Feature Set => Get to “It Works! Someone Uses It.” 
– Improve Design & Usability, Setup Conversion Metrics 
– Test Small-Scale Customer Adoption (10-1000 users) 
! 
• Demonstrate Concept, Reduce Product Risk, Test Functional Use 
• Develop Metrics & Filter for Possible Future Investment
Investment Stage #2: 
Market Validation + Revenue Testing 
• Structure 
– 2-10 person team 
– $100K-$1M investment 
– Syndicate of Angel Investors / Small VC Funds 
! 
• Improve Product, Expand Customers, Test Revenue: 
– Alpha->Beta, ~6-12 months 
– Scale Customer Adoption => “Many People Use It, & They Pay.” 
– Test Marketing Campaigns, Customer Acquisition Channels + Cost 
– Test Revenue Generation, Find Profitable Customer Segments 
! 
• Prove Solution/Benefit, Assess Market Size 
• Test Channel Cost, Revenue Opportunity 
• Determine Org Structure, Key Hires
Investment Stage #3: 
Revenue Validation + Growth 
• Structure 
– 5-25 person team 
– $1M-$10M investment 
– Seed & Venture Investors 
! 
• Make Money (or Go Big), Get to Sustainability: 
– Beta->Production, 12-24 months 
– Revenue / Growth => “We Can Make (a lot of) Money!” 
– Mktg Plan => Predictable Channels / Campaigns + Budget 
– Scalability & Infrastructure, Customer Service & Operations 
– Connect with Distribution Partners, Expand Growth 
! 
• Prove/Expand Market, Operationalize Business 
• Future Milestones: Profitable/Sustainable, Exit Options
This Talk… 
• Changes in Tech + VC 
• “Lean VC” = Quantitative Venture Capital 
• Building Startup Ecosystems 
• Global Entrepreneurship 
• Q & A
Critical Ecosystem Factors 
• Optimism & Belief (“Silicon Valley”) 
• Mentorship + Education (Knowledge) 
• Universities + Companies (People) 
• Capital, Legal, Finance (Infrastructure) 
• Engineering + Design / UX (Product) 
• Platforms + Distribution (Customers) 
• Online Payments (Monetization) 
• IPO / M&A Market (Exits) 
20
Startup Investor Ecosystem 
!! 
Y-Combinator 
TechStars 
Angels & 
Incubators 
($0-10M) 
! 
“Micro-VC” Funds 
($10-100M) 
Floodgate (Maples) 
First Round True 
“Big” VC Funds 
($100-500M) 
Union Square 
Foundry 
Atomico A16Z 
“Mega” VC Funds 
(>$500M) 
SoftTech (Clavier) 
Felicis (Senkut) 
SV Angel (Conway) 
Greylock Sequoia 
Incubation 
Seed 
Series A 
Series B 
Series C+ 
Bootstrap, KickStarter, 
AngelList, Crowdfunding
Example Startup Ecosystem 
• 1,000 Bootstrap Startups ($0-10K) 
• = 1,000 Parents/Garages/Basements @ $0-500/mo food+rent 
• 300 Accelerator Startups ($10-100K) 
• = 10-20 Accelerators @ $1-5M/yr, 20-50 co’s/yr 
• 100 Seed-Stage Startups ($100K-$1M) 
• = 5-10 Micro-VC Funds @ $10-30M/yr, 10-20 co’s/yr 
• 30 Series A/B Startups ($1-10M) 
• = 3-5 Early-Stage Funds @ $25-100M/yr, 5-10 co’s/yr 
• 10 Later-Stage Companies ($10-100M) 
• = 2-3 Later-Stage Funds @ $50-250M/yr, 3-5 co’s/yr 
• 1-3 Mature Company IPOs ($100M+) 
22
Entrepreneur Education 
• Business Plans 
• Lean Startup 
• Software Engineering / Design & UX 
• Functional Prototypes 
• Online Marketing / Unit Economics 
• Monetization & Payments 
• Customer Service + Support 
• Fundraising & Pitch 
23
Investor Education 
• Startups are NOT Real Estate 
• Most Startups Fail / Power Law Returns 
• Portfolio Approach (20+ investments) 
• Legal Structure, Financial Structure 
• Syndication + Co-Investment 
• Access to Downstream Capital 
• Exits & Liquidity 
24
This Talk… 
• Changes in Tech + VC 
• “Lean VC” = Quantitative Venture Capital 
• Building Startup Ecosystems 
• Global Entrepreneurship 
• Q & A
Local vs Global? 
• Emerging / Developing Markets 
• Global Languages: English, Chinese, Spanish, Arabic 
• Critical Factors: Education, Mentorship, Capital 
• Capital Availability: Incubation, Seed, Series A 
• Positive Macro: SmartPhones, Tablets, Payments, 
Logistics, Growing Middle Class, Distribution Platforms 
• Wealthy Global Users, Shoppers, Travelers
How Big is Seed Stage Startup Market? 
500 VCs invest in 10,000 startups/yr @ $500K/startup = $5B/yr 
How many people are entrepreneurs? How many startups get started every year? 
• ~1% of Humanity is “Entrepreneurial” (def’n: “can create a $10M rev/yr business”) 
• 1% x 7B ppl = 70M entrepreneurs, each of which starts 1-5 businesses lifetime (70 yrs) 
• hypothesis: talented entrepreneurs can create 1-5M new “startup” businesses every year 
! 
NOW: let’s say we *ONLY* do the top 1% => the best 10,000 startups in the top 200 metros 
! 
How many metros? How many investors / metro? How many startups / metro? 
• 1 [micro] VC can fund 10-20 startups/yr * $50K-$500K = ~$1-10M/yr annual budget 
• global metros of 1-10M+ ppl can generate 100-1,000 startups / year 
• 1-5 VCs in top 200 metros = 500 VCs x 20 startups/yr = 10,000 startups/yr 
• hypothesis: 500 VCs invest $500K each -> 20 startups/yr = $5B/yr -> 10,000 startups 
! 
… so forget about 500 Startups, and start thinking about 500 VCs. 
15
Questions? Comments? 
• More Info? 
– http://500.co (our company) 
– http://500hats.com (my blog) 
– https://angel.co/500startups (our fund) 
– Dave McClure, @DaveMcClure

Contenu connexe

Tendances

Startups Gone Global!
Startups Gone Global!Startups Gone Global!
Startups Gone Global!Dave McClure
 
Changes in Venture Capital & Startup Ecosystem (#H2Osummit)
Changes in Venture Capital & Startup Ecosystem (#H2Osummit)Changes in Venture Capital & Startup Ecosystem (#H2Osummit)
Changes in Venture Capital & Startup Ecosystem (#H2Osummit)Dave McClure
 
Building Startup Ecosystems (Istanbul, Sept 2014)
Building Startup Ecosystems (Istanbul, Sept 2014)Building Startup Ecosystems (Istanbul, Sept 2014)
Building Startup Ecosystems (Istanbul, Sept 2014)Dave McClure
 
VC Evolution: Geeks Got Next
VC Evolution: Geeks Got NextVC Evolution: Geeks Got Next
VC Evolution: Geeks Got NextDave McClure
 
Building Startup Ecosystems (Riyadh, Nov 2014)
Building Startup Ecosystems (Riyadh, Nov 2014)Building Startup Ecosystems (Riyadh, Nov 2014)
Building Startup Ecosystems (Riyadh, Nov 2014)Dave McClure
 
Silicon Valley 2.0 -- The Lean VC
Silicon Valley 2.0 -- The Lean VCSilicon Valley 2.0 -- The Lean VC
Silicon Valley 2.0 -- The Lean VCDave McClure
 
Silicon Valley 2.0: Lots of Little Bets (Jakarta, June 2013)
Silicon Valley 2.0: Lots of Little Bets (Jakarta, June 2013)Silicon Valley 2.0: Lots of Little Bets (Jakarta, June 2013)
Silicon Valley 2.0: Lots of Little Bets (Jakarta, June 2013)Dave McClure
 
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Dave McClure
 
Changes in Venture Capital + Building 500 Startups (Istanbul, Sept 2013)
Changes in Venture Capital + Building 500 Startups (Istanbul, Sept 2013)Changes in Venture Capital + Building 500 Startups (Istanbul, Sept 2013)
Changes in Venture Capital + Building 500 Startups (Istanbul, Sept 2013)Dave McClure
 
Silicon Valley 2.0: Lots of Little Bets (Hong Kong, May 2013)
Silicon Valley 2.0: Lots of Little Bets (Hong Kong, May 2013)Silicon Valley 2.0: Lots of Little Bets (Hong Kong, May 2013)
Silicon Valley 2.0: Lots of Little Bets (Hong Kong, May 2013)Dave McClure
 
Building Startup Ecosystems (Berlin, June 2015)
Building Startup Ecosystems (Berlin, June 2015)Building Startup Ecosystems (Berlin, June 2015)
Building Startup Ecosystems (Berlin, June 2015)Dave McClure
 
Building #500STRONG
Building #500STRONGBuilding #500STRONG
Building #500STRONGDave McClure
 
Building Startup Ecosystems (Baku, Nov 2014)
Building Startup Ecosystems (Baku, Nov 2014)Building Startup Ecosystems (Baku, Nov 2014)
Building Startup Ecosystems (Baku, Nov 2014)Dave McClure
 
Startup Local or Global? Do BOTH!
Startup Local or Global? Do BOTH!Startup Local or Global? Do BOTH!
Startup Local or Global? Do BOTH!Dave McClure
 
Venture Capital 2.0 (Delhi, Feb 2016)
Venture Capital 2.0 (Delhi, Feb 2016)Venture Capital 2.0 (Delhi, Feb 2016)
Venture Capital 2.0 (Delhi, Feb 2016)Dave McClure
 
The Lean Investor: Lots of Little Bets (Melbourne, Dec 2014)
The Lean Investor: Lots of Little Bets (Melbourne, Dec 2014)The Lean Investor: Lots of Little Bets (Melbourne, Dec 2014)
The Lean Investor: Lots of Little Bets (Melbourne, Dec 2014)Dave McClure
 
Changes in VC + Building Startup Ecosystems
Changes in VC + Building Startup EcosystemsChanges in VC + Building Startup Ecosystems
Changes in VC + Building Startup EcosystemsDave McClure
 
Silicon Valley 2.0: Lean Startup, Lean VC
Silicon Valley 2.0: Lean Startup, Lean VCSilicon Valley 2.0: Lean Startup, Lean VC
Silicon Valley 2.0: Lean Startup, Lean VCDave McClure
 
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Dave McClure
 
Building 500 Startups + Changes in VC
Building 500 Startups + Changes in VCBuilding 500 Startups + Changes in VC
Building 500 Startups + Changes in VCDave McClure
 

Tendances (20)

Startups Gone Global!
Startups Gone Global!Startups Gone Global!
Startups Gone Global!
 
Changes in Venture Capital & Startup Ecosystem (#H2Osummit)
Changes in Venture Capital & Startup Ecosystem (#H2Osummit)Changes in Venture Capital & Startup Ecosystem (#H2Osummit)
Changes in Venture Capital & Startup Ecosystem (#H2Osummit)
 
Building Startup Ecosystems (Istanbul, Sept 2014)
Building Startup Ecosystems (Istanbul, Sept 2014)Building Startup Ecosystems (Istanbul, Sept 2014)
Building Startup Ecosystems (Istanbul, Sept 2014)
 
VC Evolution: Geeks Got Next
VC Evolution: Geeks Got NextVC Evolution: Geeks Got Next
VC Evolution: Geeks Got Next
 
Building Startup Ecosystems (Riyadh, Nov 2014)
Building Startup Ecosystems (Riyadh, Nov 2014)Building Startup Ecosystems (Riyadh, Nov 2014)
Building Startup Ecosystems (Riyadh, Nov 2014)
 
Silicon Valley 2.0 -- The Lean VC
Silicon Valley 2.0 -- The Lean VCSilicon Valley 2.0 -- The Lean VC
Silicon Valley 2.0 -- The Lean VC
 
Silicon Valley 2.0: Lots of Little Bets (Jakarta, June 2013)
Silicon Valley 2.0: Lots of Little Bets (Jakarta, June 2013)Silicon Valley 2.0: Lots of Little Bets (Jakarta, June 2013)
Silicon Valley 2.0: Lots of Little Bets (Jakarta, June 2013)
 
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
 
Changes in Venture Capital + Building 500 Startups (Istanbul, Sept 2013)
Changes in Venture Capital + Building 500 Startups (Istanbul, Sept 2013)Changes in Venture Capital + Building 500 Startups (Istanbul, Sept 2013)
Changes in Venture Capital + Building 500 Startups (Istanbul, Sept 2013)
 
Silicon Valley 2.0: Lots of Little Bets (Hong Kong, May 2013)
Silicon Valley 2.0: Lots of Little Bets (Hong Kong, May 2013)Silicon Valley 2.0: Lots of Little Bets (Hong Kong, May 2013)
Silicon Valley 2.0: Lots of Little Bets (Hong Kong, May 2013)
 
Building Startup Ecosystems (Berlin, June 2015)
Building Startup Ecosystems (Berlin, June 2015)Building Startup Ecosystems (Berlin, June 2015)
Building Startup Ecosystems (Berlin, June 2015)
 
Building #500STRONG
Building #500STRONGBuilding #500STRONG
Building #500STRONG
 
Building Startup Ecosystems (Baku, Nov 2014)
Building Startup Ecosystems (Baku, Nov 2014)Building Startup Ecosystems (Baku, Nov 2014)
Building Startup Ecosystems (Baku, Nov 2014)
 
Startup Local or Global? Do BOTH!
Startup Local or Global? Do BOTH!Startup Local or Global? Do BOTH!
Startup Local or Global? Do BOTH!
 
Venture Capital 2.0 (Delhi, Feb 2016)
Venture Capital 2.0 (Delhi, Feb 2016)Venture Capital 2.0 (Delhi, Feb 2016)
Venture Capital 2.0 (Delhi, Feb 2016)
 
The Lean Investor: Lots of Little Bets (Melbourne, Dec 2014)
The Lean Investor: Lots of Little Bets (Melbourne, Dec 2014)The Lean Investor: Lots of Little Bets (Melbourne, Dec 2014)
The Lean Investor: Lots of Little Bets (Melbourne, Dec 2014)
 
Changes in VC + Building Startup Ecosystems
Changes in VC + Building Startup EcosystemsChanges in VC + Building Startup Ecosystems
Changes in VC + Building Startup Ecosystems
 
Silicon Valley 2.0: Lean Startup, Lean VC
Silicon Valley 2.0: Lean Startup, Lean VCSilicon Valley 2.0: Lean Startup, Lean VC
Silicon Valley 2.0: Lean Startup, Lean VC
 
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
 
Building 500 Startups + Changes in VC
Building 500 Startups + Changes in VCBuilding 500 Startups + Changes in VC
Building 500 Startups + Changes in VC
 

En vedette

State of Robotics 2015
State of Robotics 2015State of Robotics 2015
State of Robotics 2015HAX
 
Twin Redheaded Stepchildren of a Different Mother: The Usability of Accessibi...
Twin Redheaded Stepchildren of a Different Mother: The Usability of Accessibi...Twin Redheaded Stepchildren of a Different Mother: The Usability of Accessibi...
Twin Redheaded Stepchildren of a Different Mother: The Usability of Accessibi...Dylan Wilbanks
 
The Lean Investor: Lots of Little Bets (Boston, Dec 2014)
The Lean Investor: Lots of Little Bets (Boston, Dec 2014)The Lean Investor: Lots of Little Bets (Boston, Dec 2014)
The Lean Investor: Lots of Little Bets (Boston, Dec 2014)Dave McClure
 
Третій Zakupki Forum - Практичні кейси юридичного супроводу публічних закупівель
Третій Zakupki Forum - Практичні кейси юридичного супроводу публічних закупівельТретій Zakupki Forum - Практичні кейси юридичного супроводу публічних закупівель
Третій Zakupki Forum - Практичні кейси юридичного супроводу публічних закупівельZakupki.Prom.ua
 
Webwriting. Jak tworzyć teksty internetowe?
Webwriting. Jak tworzyć teksty internetowe?Webwriting. Jak tworzyć teksty internetowe?
Webwriting. Jak tworzyć teksty internetowe?Content King
 
Las hamacas encantadas
Las hamacas encantadasLas hamacas encantadas
Las hamacas encantadaslupistrupiso
 
How to Create a Raving Facebook Page
How to Create a Raving Facebook Page How to Create a Raving Facebook Page
How to Create a Raving Facebook Page sociallabmarketing
 
Framtidens samhälle Del2 - Allt hänger på vad vi eldar
Framtidens samhälle Del2 - Allt hänger på vad vi eldarFramtidens samhälle Del2 - Allt hänger på vad vi eldar
Framtidens samhälle Del2 - Allt hänger på vad vi eldarMälarenergi AB
 
Search To Social Search, Danny Sullivan
Search To Social Search, Danny SullivanSearch To Social Search, Danny Sullivan
Search To Social Search, Danny SullivanDave McClure
 
حضرت مسیح موعودعلیہ السلام کی متضرعانہ دعائیں
حضرت مسیح موعودعلیہ السلام کی متضرعانہ دعائیںحضرت مسیح موعودعلیہ السلام کی متضرعانہ دعائیں
حضرت مسیح موعودعلیہ السلام کی متضرعانہ دعائیں muzaffertahir9
 
2013 02-20 horacjański model zarządzania - w poszukiwaniu równowagi między po...
2013 02-20 horacjański model zarządzania - w poszukiwaniu równowagi między po...2013 02-20 horacjański model zarządzania - w poszukiwaniu równowagi między po...
2013 02-20 horacjański model zarządzania - w poszukiwaniu równowagi między po...HRWisdomKeeper
 
Historia de la computadora
Historia de la computadoraHistoria de la computadora
Historia de la computadoraensambleequipo02
 
Startup Local or Global?
Startup Local or Global?Startup Local or Global?
Startup Local or Global?Dave McClure
 
Digital närvaro - Vad kommer efter webben?
Digital närvaro - Vad kommer efter webben?Digital närvaro - Vad kommer efter webben?
Digital närvaro - Vad kommer efter webben?Daniel Chow
 
Retail Three Danışmanlık_Marka_Yönetimi_Sunum-1
Retail Three Danışmanlık_Marka_Yönetimi_Sunum-1Retail Three Danışmanlık_Marka_Yönetimi_Sunum-1
Retail Three Danışmanlık_Marka_Yönetimi_Sunum-1Murat Topal
 

En vedette (20)

Robotics Safety
Robotics SafetyRobotics Safety
Robotics Safety
 
State of Robotics 2015
State of Robotics 2015State of Robotics 2015
State of Robotics 2015
 
Twin Redheaded Stepchildren of a Different Mother: The Usability of Accessibi...
Twin Redheaded Stepchildren of a Different Mother: The Usability of Accessibi...Twin Redheaded Stepchildren of a Different Mother: The Usability of Accessibi...
Twin Redheaded Stepchildren of a Different Mother: The Usability of Accessibi...
 
The Lean Investor: Lots of Little Bets (Boston, Dec 2014)
The Lean Investor: Lots of Little Bets (Boston, Dec 2014)The Lean Investor: Lots of Little Bets (Boston, Dec 2014)
The Lean Investor: Lots of Little Bets (Boston, Dec 2014)
 
Третій Zakupki Forum - Практичні кейси юридичного супроводу публічних закупівель
Третій Zakupki Forum - Практичні кейси юридичного супроводу публічних закупівельТретій Zakupki Forum - Практичні кейси юридичного супроводу публічних закупівель
Третій Zakupki Forum - Практичні кейси юридичного супроводу публічних закупівель
 
Webwriting. Jak tworzyć teksty internetowe?
Webwriting. Jak tworzyć teksty internetowe?Webwriting. Jak tworzyć teksty internetowe?
Webwriting. Jak tworzyć teksty internetowe?
 
Las hamacas encantadas
Las hamacas encantadasLas hamacas encantadas
Las hamacas encantadas
 
How to Create a Raving Facebook Page
How to Create a Raving Facebook Page How to Create a Raving Facebook Page
How to Create a Raving Facebook Page
 
Framtidens samhälle Del2 - Allt hänger på vad vi eldar
Framtidens samhälle Del2 - Allt hänger på vad vi eldarFramtidens samhälle Del2 - Allt hänger på vad vi eldar
Framtidens samhälle Del2 - Allt hänger på vad vi eldar
 
ASEA usage guide
ASEA usage guideASEA usage guide
ASEA usage guide
 
Novorosiya
NovorosiyaNovorosiya
Novorosiya
 
Search To Social Search, Danny Sullivan
Search To Social Search, Danny SullivanSearch To Social Search, Danny Sullivan
Search To Social Search, Danny Sullivan
 
2017 CV
2017 CV2017 CV
2017 CV
 
حضرت مسیح موعودعلیہ السلام کی متضرعانہ دعائیں
حضرت مسیح موعودعلیہ السلام کی متضرعانہ دعائیںحضرت مسیح موعودعلیہ السلام کی متضرعانہ دعائیں
حضرت مسیح موعودعلیہ السلام کی متضرعانہ دعائیں
 
2013 02-20 horacjański model zarządzania - w poszukiwaniu równowagi między po...
2013 02-20 horacjański model zarządzania - w poszukiwaniu równowagi między po...2013 02-20 horacjański model zarządzania - w poszukiwaniu równowagi między po...
2013 02-20 horacjański model zarządzania - w poszukiwaniu równowagi między po...
 
Рій "ЕКСТРИМ", ЗОШ №13
Рій "ЕКСТРИМ", ЗОШ №13Рій "ЕКСТРИМ", ЗОШ №13
Рій "ЕКСТРИМ", ЗОШ №13
 
Historia de la computadora
Historia de la computadoraHistoria de la computadora
Historia de la computadora
 
Startup Local or Global?
Startup Local or Global?Startup Local or Global?
Startup Local or Global?
 
Digital närvaro - Vad kommer efter webben?
Digital närvaro - Vad kommer efter webben?Digital närvaro - Vad kommer efter webben?
Digital närvaro - Vad kommer efter webben?
 
Retail Three Danışmanlık_Marka_Yönetimi_Sunum-1
Retail Three Danışmanlık_Marka_Yönetimi_Sunum-1Retail Three Danışmanlık_Marka_Yönetimi_Sunum-1
Retail Three Danışmanlık_Marka_Yönetimi_Sunum-1
 

Similaire à Building Startup Ecosystems (Seoul, Oct 2014)

Building Startup Ecosystems (Cairo, Oct 2014)
Building Startup Ecosystems (Cairo, Oct 2014)Building Startup Ecosystems (Cairo, Oct 2014)
Building Startup Ecosystems (Cairo, Oct 2014)Dave McClure
 
Building Startup Ecosystems (Denver, Sept 2014)
Building Startup Ecosystems (Denver, Sept 2014)Building Startup Ecosystems (Denver, Sept 2014)
Building Startup Ecosystems (Denver, Sept 2014)Dave McClure
 
Building Startup Ecosystems (Dubai, Oct 2014)
Building Startup Ecosystems (Dubai, Oct 2014)Building Startup Ecosystems (Dubai, Oct 2014)
Building Startup Ecosystems (Dubai, Oct 2014)Dave McClure
 
Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...
Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...
Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...Dave McClure
 
Building Startup Ecosystems + Investing in Tech Startups
Building Startup Ecosystems + Investing in Tech StartupsBuilding Startup Ecosystems + Investing in Tech Startups
Building Startup Ecosystems + Investing in Tech StartupsDave McClure
 
Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)Dave McClure
 
Dave McClure 500Startups_StartupIstanbul2014
Dave McClure 500Startups_StartupIstanbul2014Dave McClure 500Startups_StartupIstanbul2014
Dave McClure 500Startups_StartupIstanbul2014Startup Istanbul
 
Hack Osaka: Innovation Strategies for Regional Startup Ecosystems
Hack Osaka: Innovation Strategies for Regional Startup EcosystemsHack Osaka: Innovation Strategies for Regional Startup Ecosystems
Hack Osaka: Innovation Strategies for Regional Startup EcosystemsDave McClure
 
Changes in Venture Capital (Pioneers, Vienna)
Changes in Venture Capital (Pioneers, Vienna)Changes in Venture Capital (Pioneers, Vienna)
Changes in Venture Capital (Pioneers, Vienna)Dave McClure
 
Bringing Silicon Valley to LatAm: Startup Ecosystems & Investment
 Bringing Silicon Valley to LatAm: Startup Ecosystems & Investment Bringing Silicon Valley to LatAm: Startup Ecosystems & Investment
Bringing Silicon Valley to LatAm: Startup Ecosystems & InvestmentDave McClure
 
Lean, Little Cockroach Startup
Lean, Little Cockroach StartupLean, Little Cockroach Startup
Lean, Little Cockroach StartupDave McClure
 
Startup & VC Tech Trends
Startup & VC Tech Trends Startup & VC Tech Trends
Startup & VC Tech Trends Dave McClure
 
Venture Capital Unlocked (Stanford) / Venture Capital 2.0
Venture Capital Unlocked (Stanford) / Venture Capital 2.0Venture Capital Unlocked (Stanford) / Venture Capital 2.0
Venture Capital Unlocked (Stanford) / Venture Capital 2.0Dave McClure
 
Changes in Venture Capital & Tech Startups (Nov 2013, Mumbai)
Changes in Venture Capital & Tech Startups (Nov 2013, Mumbai)Changes in Venture Capital & Tech Startups (Nov 2013, Mumbai)
Changes in Venture Capital & Tech Startups (Nov 2013, Mumbai)Dave McClure
 
Building #500STRONG
Building #500STRONGBuilding #500STRONG
Building #500STRONGDave McClure
 
From 500 Startups to 500 VCs
From 500 Startups to 500 VCsFrom 500 Startups to 500 VCs
From 500 Startups to 500 VCsDave McClure
 
Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...
Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...
Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...Dave McClure
 
[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...
[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...
[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...500 Startups
 
Building Startup Ecosystems (Guadalajara, July 2015)
Building Startup Ecosystems (Guadalajara, July 2015)Building Startup Ecosystems (Guadalajara, July 2015)
Building Startup Ecosystems (Guadalajara, July 2015)Dave McClure
 
Changes in Tech & Venture Capital (Istanbul, Nov 2013)
Changes in Tech & Venture Capital (Istanbul, Nov 2013)Changes in Tech & Venture Capital (Istanbul, Nov 2013)
Changes in Tech & Venture Capital (Istanbul, Nov 2013)Dave McClure
 

Similaire à Building Startup Ecosystems (Seoul, Oct 2014) (20)

Building Startup Ecosystems (Cairo, Oct 2014)
Building Startup Ecosystems (Cairo, Oct 2014)Building Startup Ecosystems (Cairo, Oct 2014)
Building Startup Ecosystems (Cairo, Oct 2014)
 
Building Startup Ecosystems (Denver, Sept 2014)
Building Startup Ecosystems (Denver, Sept 2014)Building Startup Ecosystems (Denver, Sept 2014)
Building Startup Ecosystems (Denver, Sept 2014)
 
Building Startup Ecosystems (Dubai, Oct 2014)
Building Startup Ecosystems (Dubai, Oct 2014)Building Startup Ecosystems (Dubai, Oct 2014)
Building Startup Ecosystems (Dubai, Oct 2014)
 
Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...
Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...
Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...
 
Building Startup Ecosystems + Investing in Tech Startups
Building Startup Ecosystems + Investing in Tech StartupsBuilding Startup Ecosystems + Investing in Tech Startups
Building Startup Ecosystems + Investing in Tech Startups
 
Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)
 
Dave McClure 500Startups_StartupIstanbul2014
Dave McClure 500Startups_StartupIstanbul2014Dave McClure 500Startups_StartupIstanbul2014
Dave McClure 500Startups_StartupIstanbul2014
 
Hack Osaka: Innovation Strategies for Regional Startup Ecosystems
Hack Osaka: Innovation Strategies for Regional Startup EcosystemsHack Osaka: Innovation Strategies for Regional Startup Ecosystems
Hack Osaka: Innovation Strategies for Regional Startup Ecosystems
 
Changes in Venture Capital (Pioneers, Vienna)
Changes in Venture Capital (Pioneers, Vienna)Changes in Venture Capital (Pioneers, Vienna)
Changes in Venture Capital (Pioneers, Vienna)
 
Bringing Silicon Valley to LatAm: Startup Ecosystems & Investment
 Bringing Silicon Valley to LatAm: Startup Ecosystems & Investment Bringing Silicon Valley to LatAm: Startup Ecosystems & Investment
Bringing Silicon Valley to LatAm: Startup Ecosystems & Investment
 
Lean, Little Cockroach Startup
Lean, Little Cockroach StartupLean, Little Cockroach Startup
Lean, Little Cockroach Startup
 
Startup & VC Tech Trends
Startup & VC Tech Trends Startup & VC Tech Trends
Startup & VC Tech Trends
 
Venture Capital Unlocked (Stanford) / Venture Capital 2.0
Venture Capital Unlocked (Stanford) / Venture Capital 2.0Venture Capital Unlocked (Stanford) / Venture Capital 2.0
Venture Capital Unlocked (Stanford) / Venture Capital 2.0
 
Changes in Venture Capital & Tech Startups (Nov 2013, Mumbai)
Changes in Venture Capital & Tech Startups (Nov 2013, Mumbai)Changes in Venture Capital & Tech Startups (Nov 2013, Mumbai)
Changes in Venture Capital & Tech Startups (Nov 2013, Mumbai)
 
Building #500STRONG
Building #500STRONGBuilding #500STRONG
Building #500STRONG
 
From 500 Startups to 500 VCs
From 500 Startups to 500 VCsFrom 500 Startups to 500 VCs
From 500 Startups to 500 VCs
 
Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...
Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...
Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...
 
[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...
[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...
[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...
 
Building Startup Ecosystems (Guadalajara, July 2015)
Building Startup Ecosystems (Guadalajara, July 2015)Building Startup Ecosystems (Guadalajara, July 2015)
Building Startup Ecosystems (Guadalajara, July 2015)
 
Changes in Tech & Venture Capital (Istanbul, Nov 2013)
Changes in Tech & Venture Capital (Istanbul, Nov 2013)Changes in Tech & Venture Capital (Istanbul, Nov 2013)
Changes in Tech & Venture Capital (Istanbul, Nov 2013)
 

Plus de Dave McClure

How to VC: Creating a VC fund portfolio model
How to VC: Creating a VC fund portfolio modelHow to VC: Creating a VC fund portfolio model
How to VC: Creating a VC fund portfolio modelDave McClure
 
The Helpful VC (June 2019)
The Helpful VC (June 2019)The Helpful VC (June 2019)
The Helpful VC (June 2019)Dave McClure
 
Skip the J-Curve: An Intro to Venture Capital Secondary
Skip the J-Curve: An Intro to Venture Capital SecondarySkip the J-Curve: An Intro to Venture Capital Secondary
Skip the J-Curve: An Intro to Venture Capital SecondaryDave McClure
 
Tech and Venture Capital in the Time of Corona
Tech and Venture Capital in the Time of Corona Tech and Venture Capital in the Time of Corona
Tech and Venture Capital in the Time of Corona Dave McClure
 
Take a Walk on the Dark Side: Branding for Startups & Sith Lords
Take a Walk on the Dark Side: Branding for Startups & Sith LordsTake a Walk on the Dark Side: Branding for Startups & Sith Lords
Take a Walk on the Dark Side: Branding for Startups & Sith LordsDave McClure
 
Farming Unicorns: Building Startup & Investor Ecosystems for Emerging Markets
Farming Unicorns: Building Startup & Investor Ecosystems for Emerging MarketsFarming Unicorns: Building Startup & Investor Ecosystems for Emerging Markets
Farming Unicorns: Building Startup & Investor Ecosystems for Emerging MarketsDave McClure
 
Farming Unicorns in Emerging Markets (Dubai, Oct 2016) #Gitex
Farming Unicorns in Emerging Markets (Dubai, Oct 2016) #GitexFarming Unicorns in Emerging Markets (Dubai, Oct 2016) #Gitex
Farming Unicorns in Emerging Markets (Dubai, Oct 2016) #GitexDave McClure
 
The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)
The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)
The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)Dave McClure
 
Farming Unicorns: Building Startup & Investor Ecosystems
Farming Unicorns: Building Startup & Investor EcosystemsFarming Unicorns: Building Startup & Investor Ecosystems
Farming Unicorns: Building Startup & Investor EcosystemsDave McClure
 
500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"
500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"
500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"Dave McClure
 
Farming Unicorns: Building Startup & Investor Ecosystems (Stanford, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Stanford, June 2016)Farming Unicorns: Building Startup & Investor Ecosystems (Stanford, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Stanford, June 2016)Dave McClure
 
Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...
Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...
Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...Dave McClure
 
Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)Dave McClure
 
500 Startups / Batch 16 Demo Day (Q1/2016 update)
500 Startups / Batch 16 Demo Day (Q1/2016 update)500 Startups / Batch 16 Demo Day (Q1/2016 update)
500 Startups / Batch 16 Demo Day (Q1/2016 update)Dave McClure
 
Startup Metrics for Pirates (FounderX, May 2016)
Startup Metrics for Pirates (FounderX, May 2016)Startup Metrics for Pirates (FounderX, May 2016)
Startup Metrics for Pirates (FounderX, May 2016)Dave McClure
 
Investment Thesis Fundamentals (April 2016)
Investment Thesis Fundamentals (April 2016)Investment Thesis Fundamentals (April 2016)
Investment Thesis Fundamentals (April 2016)Dave McClure
 
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Dave McClure
 
How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...
How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...
How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...Dave McClure
 
500 Startups #DemoDay #Batch15
500 Startups #DemoDay #Batch15500 Startups #DemoDay #Batch15
500 Startups #DemoDay #Batch15Dave McClure
 

Plus de Dave McClure (20)

How to VC: Creating a VC fund portfolio model
How to VC: Creating a VC fund portfolio modelHow to VC: Creating a VC fund portfolio model
How to VC: Creating a VC fund portfolio model
 
The Helpful VC (June 2019)
The Helpful VC (June 2019)The Helpful VC (June 2019)
The Helpful VC (June 2019)
 
Skip the J-Curve: An Intro to Venture Capital Secondary
Skip the J-Curve: An Intro to Venture Capital SecondarySkip the J-Curve: An Intro to Venture Capital Secondary
Skip the J-Curve: An Intro to Venture Capital Secondary
 
Tech and Venture Capital in the Time of Corona
Tech and Venture Capital in the Time of Corona Tech and Venture Capital in the Time of Corona
Tech and Venture Capital in the Time of Corona
 
The Helpful VC
The Helpful VC The Helpful VC
The Helpful VC
 
Take a Walk on the Dark Side: Branding for Startups & Sith Lords
Take a Walk on the Dark Side: Branding for Startups & Sith LordsTake a Walk on the Dark Side: Branding for Startups & Sith Lords
Take a Walk on the Dark Side: Branding for Startups & Sith Lords
 
Farming Unicorns: Building Startup & Investor Ecosystems for Emerging Markets
Farming Unicorns: Building Startup & Investor Ecosystems for Emerging MarketsFarming Unicorns: Building Startup & Investor Ecosystems for Emerging Markets
Farming Unicorns: Building Startup & Investor Ecosystems for Emerging Markets
 
Farming Unicorns in Emerging Markets (Dubai, Oct 2016) #Gitex
Farming Unicorns in Emerging Markets (Dubai, Oct 2016) #GitexFarming Unicorns in Emerging Markets (Dubai, Oct 2016) #Gitex
Farming Unicorns in Emerging Markets (Dubai, Oct 2016) #Gitex
 
The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)
The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)
The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)
 
Farming Unicorns: Building Startup & Investor Ecosystems
Farming Unicorns: Building Startup & Investor EcosystemsFarming Unicorns: Building Startup & Investor Ecosystems
Farming Unicorns: Building Startup & Investor Ecosystems
 
500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"
500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"
500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"
 
Farming Unicorns: Building Startup & Investor Ecosystems (Stanford, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Stanford, June 2016)Farming Unicorns: Building Startup & Investor Ecosystems (Stanford, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Stanford, June 2016)
 
Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...
Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...
Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...
 
Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)
 
500 Startups / Batch 16 Demo Day (Q1/2016 update)
500 Startups / Batch 16 Demo Day (Q1/2016 update)500 Startups / Batch 16 Demo Day (Q1/2016 update)
500 Startups / Batch 16 Demo Day (Q1/2016 update)
 
Startup Metrics for Pirates (FounderX, May 2016)
Startup Metrics for Pirates (FounderX, May 2016)Startup Metrics for Pirates (FounderX, May 2016)
Startup Metrics for Pirates (FounderX, May 2016)
 
Investment Thesis Fundamentals (April 2016)
Investment Thesis Fundamentals (April 2016)Investment Thesis Fundamentals (April 2016)
Investment Thesis Fundamentals (April 2016)
 
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
 
How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...
How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...
How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...
 
500 Startups #DemoDay #Batch15
500 Startups #DemoDay #Batch15500 Startups #DemoDay #Batch15
500 Startups #DemoDay #Batch15
 

Dernier

TYPES AND DEFINITION OF ONLINE CRIMES AND HAZARDS
TYPES AND DEFINITION OF ONLINE CRIMES AND HAZARDSTYPES AND DEFINITION OF ONLINE CRIMES AND HAZARDS
TYPES AND DEFINITION OF ONLINE CRIMES AND HAZARDSedrianrheine
 
LESSON 5 GROUP 10 ST. THOMAS AQUINAS.pdf
LESSON 5 GROUP 10 ST. THOMAS AQUINAS.pdfLESSON 5 GROUP 10 ST. THOMAS AQUINAS.pdf
LESSON 5 GROUP 10 ST. THOMAS AQUINAS.pdfmchristianalwyn
 
Presentation2.pptx - JoyPress Wordpress
Presentation2.pptx -  JoyPress WordpressPresentation2.pptx -  JoyPress Wordpress
Presentation2.pptx - JoyPress Wordpressssuser166378
 
Check out the Free Landing Page Hosting in 2024
Check out the Free Landing Page Hosting in 2024Check out the Free Landing Page Hosting in 2024
Check out the Free Landing Page Hosting in 2024Shubham Pant
 
Computer 10 Lesson 8: Building a Website
Computer 10 Lesson 8: Building a WebsiteComputer 10 Lesson 8: Building a Website
Computer 10 Lesson 8: Building a WebsiteMavein
 
Introduction to ICANN and Fellowship program by Shreedeep Rayamajhi.pdf
Introduction to ICANN and Fellowship program  by Shreedeep Rayamajhi.pdfIntroduction to ICANN and Fellowship program  by Shreedeep Rayamajhi.pdf
Introduction to ICANN and Fellowship program by Shreedeep Rayamajhi.pdfShreedeep Rayamajhi
 
Zero-day Vulnerabilities
Zero-day VulnerabilitiesZero-day Vulnerabilities
Zero-day Vulnerabilitiesalihassaah1994
 
Vision Forward: Tracing Image Search SEO From Its Roots To AI-Enhanced Horizons
Vision Forward: Tracing Image Search SEO From Its Roots To AI-Enhanced HorizonsVision Forward: Tracing Image Search SEO From Its Roots To AI-Enhanced Horizons
Vision Forward: Tracing Image Search SEO From Its Roots To AI-Enhanced HorizonsRoxana Stingu
 
WordPress by the numbers - Jan Loeffler, CTO WebPros, CloudFest 2024
WordPress by the numbers - Jan Loeffler, CTO WebPros, CloudFest 2024WordPress by the numbers - Jan Loeffler, CTO WebPros, CloudFest 2024
WordPress by the numbers - Jan Loeffler, CTO WebPros, CloudFest 2024Jan Löffler
 
LESSON 10/ GROUP 10/ ST. THOMAS AQUINASS
LESSON 10/ GROUP 10/ ST. THOMAS AQUINASSLESSON 10/ GROUP 10/ ST. THOMAS AQUINASS
LESSON 10/ GROUP 10/ ST. THOMAS AQUINASSlesteraporado16
 
Benefits of doing Internet peering and running an Internet Exchange (IX) pres...
Benefits of doing Internet peering and running an Internet Exchange (IX) pres...Benefits of doing Internet peering and running an Internet Exchange (IX) pres...
Benefits of doing Internet peering and running an Internet Exchange (IX) pres...APNIC
 
Bio Medical Waste Management Guideliness 2023 ppt.pptx
Bio Medical Waste Management Guideliness 2023 ppt.pptxBio Medical Waste Management Guideliness 2023 ppt.pptx
Bio Medical Waste Management Guideliness 2023 ppt.pptxnaveenithkrishnan
 

Dernier (12)

TYPES AND DEFINITION OF ONLINE CRIMES AND HAZARDS
TYPES AND DEFINITION OF ONLINE CRIMES AND HAZARDSTYPES AND DEFINITION OF ONLINE CRIMES AND HAZARDS
TYPES AND DEFINITION OF ONLINE CRIMES AND HAZARDS
 
LESSON 5 GROUP 10 ST. THOMAS AQUINAS.pdf
LESSON 5 GROUP 10 ST. THOMAS AQUINAS.pdfLESSON 5 GROUP 10 ST. THOMAS AQUINAS.pdf
LESSON 5 GROUP 10 ST. THOMAS AQUINAS.pdf
 
Presentation2.pptx - JoyPress Wordpress
Presentation2.pptx -  JoyPress WordpressPresentation2.pptx -  JoyPress Wordpress
Presentation2.pptx - JoyPress Wordpress
 
Check out the Free Landing Page Hosting in 2024
Check out the Free Landing Page Hosting in 2024Check out the Free Landing Page Hosting in 2024
Check out the Free Landing Page Hosting in 2024
 
Computer 10 Lesson 8: Building a Website
Computer 10 Lesson 8: Building a WebsiteComputer 10 Lesson 8: Building a Website
Computer 10 Lesson 8: Building a Website
 
Introduction to ICANN and Fellowship program by Shreedeep Rayamajhi.pdf
Introduction to ICANN and Fellowship program  by Shreedeep Rayamajhi.pdfIntroduction to ICANN and Fellowship program  by Shreedeep Rayamajhi.pdf
Introduction to ICANN and Fellowship program by Shreedeep Rayamajhi.pdf
 
Zero-day Vulnerabilities
Zero-day VulnerabilitiesZero-day Vulnerabilities
Zero-day Vulnerabilities
 
Vision Forward: Tracing Image Search SEO From Its Roots To AI-Enhanced Horizons
Vision Forward: Tracing Image Search SEO From Its Roots To AI-Enhanced HorizonsVision Forward: Tracing Image Search SEO From Its Roots To AI-Enhanced Horizons
Vision Forward: Tracing Image Search SEO From Its Roots To AI-Enhanced Horizons
 
WordPress by the numbers - Jan Loeffler, CTO WebPros, CloudFest 2024
WordPress by the numbers - Jan Loeffler, CTO WebPros, CloudFest 2024WordPress by the numbers - Jan Loeffler, CTO WebPros, CloudFest 2024
WordPress by the numbers - Jan Loeffler, CTO WebPros, CloudFest 2024
 
LESSON 10/ GROUP 10/ ST. THOMAS AQUINASS
LESSON 10/ GROUP 10/ ST. THOMAS AQUINASSLESSON 10/ GROUP 10/ ST. THOMAS AQUINASS
LESSON 10/ GROUP 10/ ST. THOMAS AQUINASS
 
Benefits of doing Internet peering and running an Internet Exchange (IX) pres...
Benefits of doing Internet peering and running an Internet Exchange (IX) pres...Benefits of doing Internet peering and running an Internet Exchange (IX) pres...
Benefits of doing Internet peering and running an Internet Exchange (IX) pres...
 
Bio Medical Waste Management Guideliness 2023 ppt.pptx
Bio Medical Waste Management Guideliness 2023 ppt.pptxBio Medical Waste Management Guideliness 2023 ppt.pptx
Bio Medical Waste Management Guideliness 2023 ppt.pptx
 

Building Startup Ecosystems (Seoul, Oct 2014)

  • 1. @DaveMcClure @500Startups http://500.co World Knowledge Forum - Seoul, Oct 2014 Building Startup Ecosystems
  • 2. This Talk… • Changes in Tech Startups & Venture Capital • “Lean VC” = Quantitative Venture Capital • Building Startup Ecosystems • “Global” Entrepreneurship
  • 3. Dave McClure Founding Partner & Chief Troublemaker, 500 Startups 00’s & 10’s: • VC: Founders Fund, Facebook fbFund, 500 Startups • Angel: Mashery, Mint.com, SlideShare, Twilio, Wildfire, SendGrid • Marketing: PayPal, Simply Hired, Mint.com, O’Reilly ! ! 80’s & 90’s: • Entrepreneur: Aslan Computing (acq’d by Servinet/Panurgy) • Developer: Windows / SQL DB consultant (Intel, MSFT) • Engineer: Johns Hopkins‘88, BS Eng / Applied Math
  • 4. 500 Startups Global Seed Fund & Startup Accelerator • What is 500? – $120M silicon valley VC fund + startup accelerator – 40 people / 13 investing partners – Locations: SV/SF, MEX, BRZ, IND, CHN/TWN, KOR, SE Asia, MENA – 2000+ Founders / 200+ Mentors – Community + Content + Conferences ! • 850+ Portfolio Co’s / 50+ Countries – Wildfire (acq GOOG, $350M) – MakerBot (acq SSYS, $400M) – Viki (acq Rakuten, $200M) – Simple (acq BBVA, $117M) – Twilio – SendGrid – Credit Karma – Udemy – TheRealReal – Barkbox – HomeJoy
  • 5. 500 Startups: Global Seed Fund Over 200+ startups outside US across 50+ countries
  • 6. This Talk… • Changes in Tech Startups + Venture Capital • “Lean VC” = Quantitative Venture Capital • Building Startup Ecosystems • Global Entrepreneurship • Q & A
  • 7. Industry Changes • Financial Market Crises (2000, 2008) • Startup Efficiency, Lean Startup Movement, Reduced Capital Costs • Growing Market, Global Distribution Platforms, Growth Hacking • Improved Monetization, Developing Payments Infrastructure • Developing Startup Ecosystems, Global M&A ! • Micro VC: Seed Funds (ex: First Round Capital) • Incubators & Accelerators (ex: Y Combinator, TechStars, 500) • Funding Platforms (ex: Angel List, Kickstarter) • Growing Global Market of Angel Investors ! more info: http://PreMoney.co (June 27th, San Francisco)
  • 8. Changes in Tech Startups • LESS Capital required to build product, get to market – Dramatically reduced cost for servers, software, bandwidth – Funding Platforms: KickStarter, Angel List, Funders Club, etc – Access to online platforms for 100M-1B+ consumers, smallbiz, etc ! • MORE Customers via ONLINE platforms (100M+ users) – Search (Google) – Social (Facebook, Twitter) – Mobile (Apple, Android) – Media (YouTube, Pinterest, Instagram, Tumblr) – Comm (Email, WeChat/WhatsApp/Line/Kakao, Voice, SMS, etc) ! • LOTS of little bets: Accelerators, Angels, Angel List, Small Exits – Y Combinator, 500 Startups – Capital + Co-working + Mentoring -> Design, Data, Distribution – “Fast, Cheap Fail”, network effects, quantitative + iterative investments
  • 9. Before & After 2 Dot-Com Crashes Daft Punk Startup: Simpler, Faster, Cheaper, Smarter Before 2000 ”Big, Fat, Dinosaur Startup” • Sun Servers • Oracle DB • Exodus Hosting • 12-24mo dev cycle • 6-18mo sales cycle • <100M people online • $1-2M seed round • $3-5M Series A • Sand Hill Road crawl After 2008 ”Lean, Little, Cockroach Startup” • AWS, Google, PayPal, FB, TW • Cloud + Open Source SW • Lean Startup / Startup Wknd • 3-90d dev cycle • SaaS / online sales • >3B people online • <$100K incub + <$1M seed • $1-3M Series A • Angel List global visibility
  • 10. Platforms 2.0 Search, Social, Mobile, Video, Messaging
  • 11. Angel List: Platform for Investors + Startups • Startups + Metrics • Founders + Bios • Investors + Syndicates • Accelerators + Online Applications • Jobs + Talent 11
  • 12. This Talk… • Changes in Tech + VC • “Lean VC” = Quantitative Venture Capital • Building Startup Ecosystems • Global Entrepreneurship • Q & A
  • 13. Silicon Valley 2.0: Lots of Little Bets aka “MoneyBall for Startups” • VC Evolution: Physician, Scale Thyself (Aug 2012) • MoneyBall for Startups, 500 Startups Investment Thesis (Jul 2010)
  • 14. 500 Strategy: Lots of Little Bets* 1) make lots of little bets on pre-traction, early-stage startups 2) in 6-24 months, double-down on top 20-30% performers 3) wait 3-7 years for returns: -5-10% large exits @20X+ ($50-100M+) -10-20% small exits @5X ($5-50M) *See Peter Sims book: “Little Bets”
  • 15. The Lean VC: Lots of Little Bets, Incremental Investment Method: Make little bets in lots of startups using incremental investment, iterative development. Start with many small experiments, filter out failures, and expand investment in successes. ! • Incubator: $0-100K (“Build & Validate Product”) • Seed: $100K-$1M (“Test & Grow Marketing Channels””) • Venture: $1M-$10M (“Maximize Growth & Revenue”)
  • 16. Investment Stage #1: Product Validation + Customer Usage • Structure – 1-3 founders – $25-$100K investment – Incubator environment: multiple peers, mentors/advisors ! • Test Functional Prototype / “Minimum Viable Product” (MVP): – Prototype->Alpha, ~3-6 months – Develop Minimal Critical Feature Set => Get to “It Works! Someone Uses It.” – Improve Design & Usability, Setup Conversion Metrics – Test Small-Scale Customer Adoption (10-1000 users) ! • Demonstrate Concept, Reduce Product Risk, Test Functional Use • Develop Metrics & Filter for Possible Future Investment
  • 17. Investment Stage #2: Market Validation + Revenue Testing • Structure – 2-10 person team – $100K-$1M investment – Syndicate of Angel Investors / Small VC Funds ! • Improve Product, Expand Customers, Test Revenue: – Alpha->Beta, ~6-12 months – Scale Customer Adoption => “Many People Use It, & They Pay.” – Test Marketing Campaigns, Customer Acquisition Channels + Cost – Test Revenue Generation, Find Profitable Customer Segments ! • Prove Solution/Benefit, Assess Market Size • Test Channel Cost, Revenue Opportunity • Determine Org Structure, Key Hires
  • 18. Investment Stage #3: Revenue Validation + Growth • Structure – 5-25 person team – $1M-$10M investment – Seed & Venture Investors ! • Make Money (or Go Big), Get to Sustainability: – Beta->Production, 12-24 months – Revenue / Growth => “We Can Make (a lot of) Money!” – Mktg Plan => Predictable Channels / Campaigns + Budget – Scalability & Infrastructure, Customer Service & Operations – Connect with Distribution Partners, Expand Growth ! • Prove/Expand Market, Operationalize Business • Future Milestones: Profitable/Sustainable, Exit Options
  • 19. This Talk… • Changes in Tech + VC • “Lean VC” = Quantitative Venture Capital • Building Startup Ecosystems • Global Entrepreneurship • Q & A
  • 20. Critical Ecosystem Factors • Optimism & Belief (“Silicon Valley”) • Mentorship + Education (Knowledge) • Universities + Companies (People) • Capital, Legal, Finance (Infrastructure) • Engineering + Design / UX (Product) • Platforms + Distribution (Customers) • Online Payments (Monetization) • IPO / M&A Market (Exits) 20
  • 21. Startup Investor Ecosystem !! Y-Combinator TechStars Angels & Incubators ($0-10M) ! “Micro-VC” Funds ($10-100M) Floodgate (Maples) First Round True “Big” VC Funds ($100-500M) Union Square Foundry Atomico A16Z “Mega” VC Funds (>$500M) SoftTech (Clavier) Felicis (Senkut) SV Angel (Conway) Greylock Sequoia Incubation Seed Series A Series B Series C+ Bootstrap, KickStarter, AngelList, Crowdfunding
  • 22. Example Startup Ecosystem • 1,000 Bootstrap Startups ($0-10K) • = 1,000 Parents/Garages/Basements @ $0-500/mo food+rent • 300 Accelerator Startups ($10-100K) • = 10-20 Accelerators @ $1-5M/yr, 20-50 co’s/yr • 100 Seed-Stage Startups ($100K-$1M) • = 5-10 Micro-VC Funds @ $10-30M/yr, 10-20 co’s/yr • 30 Series A/B Startups ($1-10M) • = 3-5 Early-Stage Funds @ $25-100M/yr, 5-10 co’s/yr • 10 Later-Stage Companies ($10-100M) • = 2-3 Later-Stage Funds @ $50-250M/yr, 3-5 co’s/yr • 1-3 Mature Company IPOs ($100M+) 22
  • 23. Entrepreneur Education • Business Plans • Lean Startup • Software Engineering / Design & UX • Functional Prototypes • Online Marketing / Unit Economics • Monetization & Payments • Customer Service + Support • Fundraising & Pitch 23
  • 24. Investor Education • Startups are NOT Real Estate • Most Startups Fail / Power Law Returns • Portfolio Approach (20+ investments) • Legal Structure, Financial Structure • Syndication + Co-Investment • Access to Downstream Capital • Exits & Liquidity 24
  • 25. This Talk… • Changes in Tech + VC • “Lean VC” = Quantitative Venture Capital • Building Startup Ecosystems • Global Entrepreneurship • Q & A
  • 26. Local vs Global? • Emerging / Developing Markets • Global Languages: English, Chinese, Spanish, Arabic • Critical Factors: Education, Mentorship, Capital • Capital Availability: Incubation, Seed, Series A • Positive Macro: SmartPhones, Tablets, Payments, Logistics, Growing Middle Class, Distribution Platforms • Wealthy Global Users, Shoppers, Travelers
  • 27. How Big is Seed Stage Startup Market? 500 VCs invest in 10,000 startups/yr @ $500K/startup = $5B/yr How many people are entrepreneurs? How many startups get started every year? • ~1% of Humanity is “Entrepreneurial” (def’n: “can create a $10M rev/yr business”) • 1% x 7B ppl = 70M entrepreneurs, each of which starts 1-5 businesses lifetime (70 yrs) • hypothesis: talented entrepreneurs can create 1-5M new “startup” businesses every year ! NOW: let’s say we *ONLY* do the top 1% => the best 10,000 startups in the top 200 metros ! How many metros? How many investors / metro? How many startups / metro? • 1 [micro] VC can fund 10-20 startups/yr * $50K-$500K = ~$1-10M/yr annual budget • global metros of 1-10M+ ppl can generate 100-1,000 startups / year • 1-5 VCs in top 200 metros = 500 VCs x 20 startups/yr = 10,000 startups/yr • hypothesis: 500 VCs invest $500K each -> 20 startups/yr = $5B/yr -> 10,000 startups ! … so forget about 500 Startups, and start thinking about 500 VCs. 15
  • 28. Questions? Comments? • More Info? – http://500.co (our company) – http://500hats.com (my blog) – https://angel.co/500startups (our fund) – Dave McClure, @DaveMcClure