not just startup, but scaleup

“Not just Startup, but Scaleup”

by Joe Haslam

Chairman, Hot HotelsExecutive Director, #OEMP, IE Business School

@joehas

The Marker Hotel, DublinFriday, 5th September, 2014.

- Marc Andreessen "Cheaper to start, more expensive to grow"

- Schramm’s Law: “The single most important contributor to a nation’s economic growth is the number of startups that grow to a billion dollars in revenue within 20 years.”

- Brian Caufield: "Ireland good for FDI, bad for start-ups"

Clár an Lae

1. So, who are you?2. Startup!3. Scaleup!4. Ireland5. Ten Modest Proposals

1. So, who are you?

2. Startups

Entrepreneurship and startups are not one and the same. Many startups are not entrepreneurial and much entrepreneurship is not about startups.

Scaling up is vastly harder than starting up. It typically takes a decade or longer, not months or a couple years, to build a venture of value, with any semblance of robustness and return. The few that pop through in a few years are by far the aberration.

3. Scaleups

1. Spread mindset, not just footprint.2. Engaging all the senses. (Personally, I want every lobby to smell like coffee or popcorn.)3. Link short-term realities to long-term dreams.4. Accelerate accountability.5. Fearing the clusterfug.6. Scaling requires both addition and subtraction.7. Slow down to scale faster - and better - down the road.

http://www.slideshare.net/Bob_Sutton/scaling-up-excellence

“Without startups, net job creation for the American economy would be negative”

3. Ireland

On April 30, 1961, Dr. Leonid Rogozov removed his own infected appendix at the Soviet Novolazarevskaja Research Station in Antarctica, as he was the only physician on staff

5. Ten Modest Proposals

1. Stop Doing Stupid Shit

2. Let Market Pick Winners

Black porter, Imperial pint measure

WALFORD - 24 Shrewsbury Road, Ballsbridge, Dublin 4

3. Price Stability. Low Inflation

4. CGT on Jobs = 33%, Buildings =0

5. Silicon Valley not Right for Ireland

6. Engage with Diaspora

6. Universities are for Education

“In my view, the Irish national system must make every effort to have one Irish university amongst the top 10 in the world”

Chris HornSeptember 16, 2011

7. I EI Start in Ireland Program ❤

8. Low Regulation is New Low Tax

9. Let SMEs sell Share Capital

10 – No Entrepreneur Left Behind

“The most memorable stories in Hatching Twitter almost invariably involve Dorsey, who rises from his early programming days as an anarchist with a speech impediment to a man who co-founds two billion-dollar companies