On Entrepreneurship Imre Hild

Quick intro

2004-2008 Built Hild and OTP Életjáradék ($200M market cap)

2009-2010 Entrepreneur in Residence at PRIMUS Venture Fund

2011-2015 iCatapult

2011 - Mentor for Seedcamp, StartupBootcamp, Pioneers

2011 - Hungarian Venture Capital Association

2013 - 1st Central European Startup Roadshow in New York City

2014 - Hungarian Innovation Federation

2015 - MIT Venture Lab Mentor

2015 - Digital Factory Contributing Partner

2015 - Global Platforms

2016 - Global Traction Zrt., INPUT and ….

Proper way to build a startup

• Hypothesis identification

• Collect facts

• Build based on facts

• MVE

• ‘MVP’

• PMF

• Customer retention

• Viral Growth

• …then Capital

Startup Operations – Running a gig

3/16/15 7

Idea Funding Product

dev. Sales

Startup Operations – Running a gig

8

Idea Funding Product

dev. Sales

VALUE OF AN IDEA….

3/16/15

Identify oppor- tunities

Prototype a solution

Test and iterate

Fund Scaling

11

THE PROPER WAY TO

BUILD A LEAN STARTUP

3/16/15

Identify oppor- tunities

Prototype a solution

Test and iterate

Fund Scaling

12

STILL, NOT MANY STARTUPS

SUCCEED… WHERE IS THE MISSING LINK…?

An experiment on 200 startups

Photo by plenty.r. - Creative Commons Attribution-ShareAlike License https://www.flickr.com/photos/13434526@N00 Created with Haiku Deck

Photo by plenty.r. - Creative Commons Attribution-ShareAlike License https://www.flickr.com/photos/13434526@N00 Created with Haiku Deck

Photo by plenty.r. - Creative Commons Attribution-ShareAlike License https://www.flickr.com/photos/13434526@N00 Created with Haiku Deck

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Photo by PeterThoeny - Creative Commons Attribution-NonCommercial-ShareAlike License https://www.flickr.com/photos/98786299@N00 Created with Haiku Deck

Photo by Hans Hamburger - Creative Commons Attribution-NonCommercial License https://www.flickr.com/photos/8334096@N07 Created with Haiku Deck

Photo by Official U.S. Navy Imagery - Creative Commons Attribution License https://www.flickr.com/photos/56594044@N06 Created with Haiku Deck

High Mobile adoption

Carriers could support it

Software (app) protection

Fast Technology

Need for Information

PERFECT TIMING

Day 1

Richest people on Earth

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1. Bill Gates, Net Worth: $76 B Source of wealth: Microsoft 2. Carlos Slim Helu & family, Net Worth: $72 B Source of wealth: telecom 3. Amancio Ortega, Net Worth: $64 B Source of wealth: retail 4. Warren Buffett, Net Worth: $58.2 B Source of wealth: Berkshire Hathaway 5. Larry Ellison, Net Worth: $48 B Source of wealth: Oracle

6. Charles Koch, Net Worth: $40 B Source of wealth: diversified 6. David Koch, Net Worth: $40 B Source of wealth: diversified

8. Sheldon Adelson, Net Worth: $38 B Source of wealth: casinos 9. Christy Walton & family, Net Worth: $36.7 B Source of wealth: Wal-Mart 10. Jim Walton, Net Worth: $34.7 B Source of wealth: Wal-Mart

11. Liliane Bettencourt, Net Worth: $34.5 B Source of wealth: L’Oreal 12. Stefan Persson, Net Worth: $34.4 B Source of wealth: H&M 13. Alice Walton, Net Worth: $34.3 B Source of wealth: Wal-Mart 14. S. Robson Walton, Net Worth: $34.2 B Source of wealth: Wal-Mart 15. Bernard Arnault & family, Net Worth: $33.5 B Source of wealth: LVMH

Contact and more info

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www.imrehild.com

LinkedIn: hu.linkedin.com/in/hildimre/

hildimre@gmail.com

This presentation available at:

http://www.slideshare.net/hildimre