grassroots entrepreneurship

E N T R E P R E N E U R S H I P

Wednesday, August 22, 12

HALF-BAKEDWednesday, August 22, 12

2012

500 Events107 Countries

50 000 Attendees7000 Teams500+ Jobs Impact

Verticals New

HealthEducation

Maker Media

Government

More

501c3

2000 Events2015SWResearch

2200 Influencers

A quarter Million Entrepreneurs

annually by 2015

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The largest grassroots entrepreneurial community in the world

(we’re in more countries than Starbucks! )

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What youwant to do

What you can do

What you get paid FOR

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USA (CENSUS DATA 2007)

FIRMS 27,757,67622%

78%

Non Employer FirmsEmployers Firms (With Payroll)

88%

13%

More than $1M Less than $1M

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REVENUE0

$1b

GRASSROOTS CLASSIC

the .001%PERCEPTION

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21 CenturyEntrepreneurship

(Our vision)

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ENTREPRENEURIALPARADOX

(how to teach what we don’t know?)

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Shannon number1081 10123 7 billion people

really complex game!Atoms in the known universe

Welcome to the Entrepreneurial Game!

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50 / km2 395 / km2

World Bay Area

2300 / km2

Mountain View Internet

A WORLD FULL OF POTENTIAL

2.26b / screen

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OUR CHALLENGE

400 000

(500 000 - 600 000) 2009

STARTUPS / YEARWednesday, August 22, 12

THE MYTH OF THE LONE ENTREPRENEUR

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OUR MODEL

DISCOVERY

Garage

?INSPIRE/CELEBRATE

You are an Entrepreneur

You want to be an Entrepreneur

ACTION

You have a solid team with some good ideasSTARTUP

You have a stable business model

SCALE

You are taking over the World!FT500

You’ve got some passions & ideas

Entrepreneur’s story

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Why Startups Fail?

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constant

Wednesday, August 22, 12

THERE IS NO SYSTEMATIC PATH TO BUSINESS SUSTAINABILITY

B

C

Business Decision

?

?

KNOWLEDGE

Entrepreneur

Bounded rationality is the idea that in decision-making, rationality of individuals is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision

Reinhard Selten

The Irrational world of entrepreneurship

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MULTIOBJECTIVE CELLULAR GENETIC ALGORITHM WITH ADAPTIVE FUZZY FITNESS GRANULATION

YOU COULD BUILD THAT...

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fitness functionYour computer

OR JUST PUT PEOPLE IN THE SAME ROOM...

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THE ENTREPRENEURIAL JOURNEY

DISCOVERY

Garage

?INSPIRE/CELEBRATE

You are an Entrepreneur

You want to be an Entrepreneur

ACTION

You have a solid team with some good ideasSTARTUP

You have a stable business model

SCALE

You are taking over the World!FT500

You’ve got some passions & ideas

Entrepreneur’s story MBA

Lean

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NEW TOOLS

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Business Plans are dead

Wednesday, August 22, 12

Wednesday, August 22, 12

1. Low cost MVP 2. Short BUSINESS Cycles

3. Social Networks

3 Pillars OF THIS HIGH GROWTH STARTUP REVOLUTION

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MBC(Master in Business Creation)

SW SWNEXT COMMUNITY RESEARCH

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Main HypothesisIt is possible to increase the volume, quality and rate of advancement for entrepreneurs

within any startup community

Better Entrepreneurs

More Startups

More Jobs

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Wednesday, August 22, 12

DISCOVERY

Garage

?INSPIRE/CELEBRATE

You are an

Entrepreneur

You want to be an

Entrepreneur

ACTION

You have a solid team

with some good ideasSTARTUP

You have a stable business model and a great product

SCALE

You are taking over the World!

HIGH GROWTH

You’ve got some

passions & ideas

SEATTLE: NYC:

LA: DSM:

VEGAS: BOSTON: DETROIT:

SP:

Our experiment38 Initiatives Mapped Addressing known problems/opportunities

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1. Entrepreneurs: 17, 2352. Startups/Teams: 1,9573. Jobs: 554

Estimated Cost$784,340

When Initiatives become predictable they can be archived shared and scaled across the country

Estimated Impact Estimated Value $55M

The EasyProject

High Growth

Scale

Startup

Action

Discovery

Inspire

Discovery15 000$

Seattle$7.5 /

Entrepreneurs

38 Initiatives

Wednesday, August 22, 12

WHAT’S NEXT?• 1. Map/know your ecosystem

• 2. Meet and participate with your local community (events / startups)

• 3. Don’t hurt! (support)

• 4. Go to a Startup Weekend :)

Wednesday, August 22, 12

THANK YOUfranck@startupweekend.org

Wednesday, August 22, 12