Noise Cancellation Patrick Comer Founder & CEO, Federated Sample

@comerpatrick

@comerpatrick

Filtering Startup Killers What Breeds Success Shrinking Pie and Rising Tide

@comerpatrick

My Path

1997

1998

1999

2000

2001

2003

2004

2005

2010

2014

Carpenter / Music Teacher

Money Nexus

govWorks

Instant Gravity

Business School – Paganini Foods & Video Game Financing

iFILM

SampleCzar

OTX

Founded Federated Sample

@comerpatrick

Filtering

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1998, was a long time ago…

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In 1998, noise looked like this:

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Now, it looks like this:

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Now, it looks like this:

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Who should you listen to?

You have no idea!

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@comerpatrick

Worst Offenders

• Business Executives

• Lawyers

• Bankers

• I worked for Google, Facebook, etc…

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Same goes for entrepreneurs

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So who should you listen to?

• Entreps who have failed

• Your spouse

• Your parents and family

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My Path – wins and losses

1997

1998

1999

2000

2001

2003

2004

2005

2010

2014

Carpenter / Music Teacher

Money Nexus - BUST

govWorks – raised $65m - BUST

Instant Gravity – killed by 9/11

Business School – Paganini Foods & Video Game Financing

iFILM – WIN! Sold to Viacom for $49m

SampleCzar - BUST

OTX – WIN! Sold to Ipsos for $71m

Founded Federated Sample

@comerpatrick

@comerpatrick

Questions?

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Startup Killers

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This is a marathon not a sprint

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Emotions

Cash

Got to eat

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Survival of the prepared…

Min cash on hand

Raise at least 3x – 5x of your cash minimum

Revenue

Costs

Cash

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So how do you get that cash?

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All money comes with strings

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VC funding is NOT a win…

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Execute, execute, execute!

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Questions?

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Failure Breeds Success

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Takes more than 1

“You can do it!”

“That’s OK, try again.”

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Doesn’t have to be your baby…

NEW CO

FAILED CO

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Startups quickly teach you how to execute and “get it done anyway”

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A startup community is judged by “successful failures”

@comerpatrick

My Path – wins and losses

1997

1998

1999

2000

2001

2003

2004

2005

2010

2014

Carpenter / Music Teacher

Money Nexus - BUST

govWorks – raised $65m - BUST

Instant Gravity – killed by 9/11

Business School – Paganini Foods & Video Game Financing iFILM – WIN! Sold to Viacom for $49m

SampleCzar - BUST

OTX – WIN! Sold to Ipsos for $71m

Founded Federated Sample

@comerpatrick

Questions?

@comerpatrick

Shrinking Pie and

Rising Tide

@comerpatrick

How we measure matters

How big is Los Angeles?

Greater LA Market – 18.2M

Los Angeles Metro – 13.0M

Los Angeles County –

9.9M

City of Los Angeles –

3.8M

@comerpatrick

Orleans Population 1840-2012

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GNO Population 1970-2012 (in 000s)

100K higher than 1970

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Southeast Super-Region 1970-2012 NOLA + Baton Rouge (in 000s)

Only 50K from our 2005 peek of 2.2 million

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Back on top – Portland, Charlotte, Orlando, San Antonio

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REBOOTING NOLA

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The Situation

1960 2012

Katrina 2005

Shrinking Pie Rising Tide

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Tension between the old and the

new

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Responsibility of the Entrepreneur

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How big is the 2050 pie?

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Ode - by Arthur O'Shaughnessy

We build up the world's great cities, And out of a fabulous story, We fashion an empire's glory

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