grassroots entrepreneurship
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This is my presentation To the NW Economic Development Course August 2012TRANSCRIPT
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
Wednesday, August 22, 12
The largest grassroots entrepreneurial community in the world
(we’re in more countries than Starbucks! )
Wednesday, August 22, 12
What youwant to do
What you can do
What you get paid FOR
Wednesday, August 22, 12
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
REVENUE0
$1b
GRASSROOTS CLASSIC
the .001%PERCEPTION
Wednesday, August 22, 12
21 CenturyEntrepreneurship
(Our vision)
Wednesday, August 22, 12
ENTREPRENEURIALPARADOX
(how to teach what we don’t know?)
Wednesday, August 22, 12
Shannon number1081 10123 7 billion people
really complex game!Atoms in the known universe
Welcome to the Entrepreneurial Game!
Wednesday, August 22, 12
50 / km2 395 / km2
World Bay Area
2300 / km2
Mountain View Internet
A WORLD FULL OF POTENTIAL
2.26b / screen
Wednesday, August 22, 12
OUR CHALLENGE
400 000
(500 000 - 600 000) 2009
STARTUPS / YEARWednesday, August 22, 12
THE MYTH OF THE LONE ENTREPRENEUR
Wednesday, August 22, 12
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
Why Startups Fail?
Wednesday, August 22, 12
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
Wednesday, August 22, 12
MULTIOBJECTIVE CELLULAR GENETIC ALGORITHM WITH ADAPTIVE FUZZY FITNESS GRANULATION
YOU COULD BUILD THAT...
Wednesday, August 22, 12
fitness functionYour computer
OR JUST PUT PEOPLE IN THE SAME ROOM...
Wednesday, August 22, 12
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
NEW TOOLS
Wednesday, August 22, 12
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
Wednesday, August 22, 12
MBC(Master in Business Creation)
SW SWNEXT COMMUNITY RESEARCH
Wednesday, August 22, 12
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
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
Wednesday, August 22, 12
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