how to f(o)und a start up - perspective from the incubator gumption

How to f(o)und a startup?!

BartEmbrechtsManagingPartnerGump5omFollow“XceleratedbyGump5on”onLinkedIn

Options

•  Yourownsavings(!)•  FFF•  Companyrevenue•  Banks•  BusinessAngels•  Crowdfunding•  Government•  Incubators(accelerators,combinators,…)•  VentureCapital

•  Privateequity•  Stockmarkets•  …

(TODAY) MONEY IS NOT THE ISSUE. THERE IS ENOUGH MONEY FOR STARTUPS ON THE MARKET. THE QUESTION IS HOW TO BUILD A GREAT STARTUP THAT SURVIVES THE VALLEY OF DEATH.

Conclusion:

What is a startup?!

A STARTUP

is a

TEMPORARY ORGANIZATION

used to search for

a REPEATABLE and SCALABLE BUSINESS MODEL.

(SteveBlank)

hHps://www.youtube.com/watch?v=_a3s0IXSuxY

Business plan or business model?

•  TheLeanStartupisawaytogofromPLANAtoaPLANTHATWORKS

•  APLANTHATWORKS=APLANTHATBRINGSYOUTOAREPEATABLEANDSCALABLEBUSINESSMODEL

•  Abusinessmodeldescribesthera\onaleofhowanorganiza\oncreates,deliversandcapturesvalue.(Osterwalder,2010)

BUSINESS MODEL CANVAS

Key Talents/drivers of the Entrepreneur

① CreateandTranslateyourVISION② SelectandAHractagreatTEAM(environment)

③ Excel/Innovate(personal,systems&processes,structure)

④ CreateandliveaCULTUREthatinspiresPEOPLE

⑤ GUMPTION

gumptionnoun\ˈgəm(p)-shən\ commonsense

FIRMNESSofmind unyielding

COURAGEinthefaceofhardshipordanger

abilitytoDECIDEwhatisthebestthingtodoinapar\cularsitua\on,andtodoitwithenergyanddetermina5on

ini\a\ve

willingnesstodothehardworktogetit

done

guts

BartEmbrechtsGump\onNVSatenrozen10

2550Kon\ch,BelgiumTel.:+3238432900

PhilippeHam5aux

Gump\onSAZoneIndustrielle,22

L-8287Kehlen,LuxembourgTel.:+352621281681

www.gump\on.eu