grassroots economic development
TRANSCRIPT
A WEEK
3/1
FIRSTCONTACT INDIVIDUAL WORK SESSION
3/7
ADVANCEDWORKSHOP
FINAL INDIVIDUAL
SESSION
3/11
SECO
A TODAY9h30 - 15h00
I II III IV V
KICK-OFFECOSYSTEM PRINCIPLESFOSTERING ECOSYSTEMSTARTUP/SCALEUPDISCUSSIONS
K KICK-OFF10:00 - 1100
WIFI12345678nmba
CROWD CHECK
IF TOO FAST
IF CHECKING OUT / GOT CALL
STAY ON TRACK
ADD QUESTIONS TO THE PARKING WALL WE WILL ADRESS THEM LATER
RIGHT CLEARLY / REMEMBER THEM
HI! IN 5 MINUTES
@peignoir Franck Nouyrigat
Startup Weekend Up Global MoreStarts Recorp Ventures
OUR STORY…
2008
2009
2010
2011
2007 2008 2009 2010 2011 2012 2013 20142011Lots of print
pub and a book
2012
2013
2013
NEW / OLD BOARD
2014
2015
350,000 Alumni 19,000 Community Leaders and Volunteers 1000 Ci<es in 136 countries More than 50 Startups beyond $1M Valua<on
WE’RE A MASSIVE FAMILY!
STARTUP WEEKEND CO-FOUNDER.TEDx SPEAKER WRITER FOR FORBES / WSJ AWARDED ENTREPRENEUR. LOVES EYE OF THE TIGER
FOUNDED STRATEGYHACK.
MATCHED VERIZON, CHASE, AMEX,
MORGAN STANLEY, PUBLICIS, OGILVY
WITH STARTUPS. HIS SUCCESS
STORIES GREW BEYOND $200M OF
REVENUE.
Peter Crysdale Franck Nouyrigat
MEET THE FOUNDERS
> MOVE AT STARTUP SPEED
E.P COMMUNITY PITCH 5MIN
5 MIN TO PITCHPROBLEM / SOLUTION / WHO / WHERE / 5YR VISION / HELP?
B BREAK
E ECOSYSTEM10:00 - 1100
FEEDER
LEADERS
DISCOVER
NEW TRENDS
M MAPPING MACEDONIA
B BREAK
F
Talent
Density
Stanford alumni and faculty have created
nearly 40K companies and 5.4M jobs with annual revenues of $2.7 trillion.
Culture
Capital
The UK recently introduced Seed Enterprise Investment Scheme
(SEIS). SEIS encourages startup investment by offering
a straight 50% tax break to those investing up to £100,000.
RegulatoryEnvironment
South Korea has transformed into an economic
heavyweight, having systematically applied substantial
resources to research and development.
B BREAK
G STARTUPS/SCALEUP13:30-14:30
7 STARTUP TRUTH
WHAT IS A STARTUP?
WHY STARTUPS
FAIL?
HOW MANY HIGH GROWTH VC BACKED?
ACCEL / VC ARE GREAT
INVEST. FUND
BUSINESS PLANS ARE?
WHAT ARE MENTORS?
SO MANY NEW BUSINESS!
2016 / VC
With more money (and new non VC entrants) venture financings have obviously increased. 2015 was an enormous year (2x pre recession)
2
US VC financing activity
0
2,500
5,000
7,500
10,000
$0
$25
$50
$75
$100
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015
Capital invested ($B)# of rounds closed
8,097
9,3818,563
7,572
6,428
5,193
4,3164,5334,119
3,1452,574
$77
$68
$44$40$42
$30$26
$36$35$28
$23
2,5743,145
4,1194,533 4,316
5,193
6,428
7,572
8,5639,381
8,097
Source: PitchBook 2015 Annual U.S. Venture Industry Report; Upfront analysis.
This has swung sentiment for many experienced VCs, with 62% of respondents advising companies to cut costs / burn as markets tighten
12
4%
35%
62%
Source: Upfront Survey Jan 2016, 156 VCs.
Which statement best describes the spending behavior at most of the companies in which you are on the board or observe?
Generally cutting costs expecting markets to tighten
Don’t see much change from a year ago
Generally not too worried about burn rates
With the sentiment of the markets it’s no surprise that a full 82% of VCs expressed caution or concern going into 2016
15
2%
30%
50%
9%
9%
Source: Upfront Survey Jan 2016, 155 VCs.
Hugely bullish
I’m very concerned
Things are bad & getting worse
Generally cautious
Generally optimistic
Which of the following statements best describes your mood heading into 2016
Q OPEN QUESTIONS
T THX!
@peignoir / Franck Nouyrigat