Post on 18-Nov-2014
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Noise Cancellation Patrick Comer Founder & CEO, Federated Sample
@comerpatrick
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Filtering Startup Killers What Breeds Success Shrinking Pie and Rising Tide
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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
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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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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
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Questions?
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Startup Killers
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This is a marathon not a sprint
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Emo.ons 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”
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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
Questions?
@comerpatrick
Shrinking Pie and
Rising Tide
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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
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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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