grassroots entrepreneurship

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ENTREPRENEURSHIP Wednesday, August 22, 12

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This is my presentation To the NW Economic Development Course August 2012

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Page 1: Grassroots Entrepreneurship

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

Wednesday, August 22, 12

Page 2: Grassroots Entrepreneurship

HALF-BAKEDWednesday, August 22, 12

Page 3: Grassroots Entrepreneurship

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

Wednesday, August 22, 12

Page 4: Grassroots Entrepreneurship

The largest grassroots entrepreneurial community in the world

(we’re in more countries than Starbucks! )

Wednesday, August 22, 12

Page 5: Grassroots Entrepreneurship

What youwant to do

What you can do

What you get paid FOR

Wednesday, August 22, 12

Page 6: Grassroots Entrepreneurship

USA (CENSUS DATA 2007)

FIRMS 27,757,67622%

78%

Non Employer FirmsEmployers Firms (With Payroll)

88%

13%

More than $1M Less than $1M

Wednesday, August 22, 12

Page 7: Grassroots Entrepreneurship

REVENUE0

$1b

GRASSROOTS CLASSIC

the .001%PERCEPTION

Wednesday, August 22, 12

Page 8: Grassroots Entrepreneurship

21 CenturyEntrepreneurship

(Our vision)

Wednesday, August 22, 12

Page 9: Grassroots Entrepreneurship

ENTREPRENEURIALPARADOX

(how to teach what we don’t know?)

Wednesday, August 22, 12

Page 10: Grassroots Entrepreneurship

Shannon number1081 10123 7 billion people

really complex game!Atoms in the known universe

Welcome to the Entrepreneurial Game!

Wednesday, August 22, 12

Page 11: Grassroots Entrepreneurship

50 / km2 395 / km2

World Bay Area

2300 / km2

Mountain View Internet

A WORLD FULL OF POTENTIAL

2.26b / screen

Wednesday, August 22, 12

Page 12: Grassroots Entrepreneurship

OUR CHALLENGE

400 000

(500 000 - 600 000) 2009

STARTUPS / YEARWednesday, August 22, 12

Page 13: Grassroots Entrepreneurship

THE MYTH OF THE LONE ENTREPRENEUR

Wednesday, August 22, 12

Page 14: Grassroots Entrepreneurship

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

Wednesday, August 22, 12

Page 15: Grassroots Entrepreneurship

Why Startups Fail?

Wednesday, August 22, 12

Page 16: Grassroots Entrepreneurship

constant

Wednesday, August 22, 12

Page 17: Grassroots Entrepreneurship

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

Wednesday, August 22, 12

Page 18: Grassroots Entrepreneurship

MULTIOBJECTIVE CELLULAR GENETIC ALGORITHM WITH ADAPTIVE FUZZY FITNESS GRANULATION

YOU COULD BUILD THAT...

Wednesday, August 22, 12

Page 19: Grassroots Entrepreneurship

fitness functionYour computer

OR JUST PUT PEOPLE IN THE SAME ROOM...

Wednesday, August 22, 12

Page 20: Grassroots Entrepreneurship

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

Wednesday, August 22, 12

Page 21: Grassroots Entrepreneurship

NEW TOOLS

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Page 22: Grassroots Entrepreneurship

Business Plans are dead

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Page 23: Grassroots Entrepreneurship

Wednesday, August 22, 12

Page 24: Grassroots Entrepreneurship

1. Low cost MVP 2. Short BUSINESS Cycles

3. Social Networks

3 Pillars OF THIS HIGH GROWTH STARTUP REVOLUTION

Wednesday, August 22, 12

Page 25: Grassroots Entrepreneurship

MBC(Master in Business Creation)

SW SWNEXT COMMUNITY RESEARCH

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Page 26: Grassroots Entrepreneurship

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

Wednesday, August 22, 12

Page 27: Grassroots Entrepreneurship

Wednesday, August 22, 12

Page 28: Grassroots Entrepreneurship

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

Wednesday, August 22, 12

Page 29: Grassroots Entrepreneurship

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

Page 30: Grassroots Entrepreneurship

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