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AN INTRODUCTION TO CORPORATE | STARTUP FRICTION

Date post: 14-Jul-2015
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>GO FASTER, STAY RELEVANT KEEP YOUR FINGER ON THE PULSE OF DISRUPTION.
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> G O FA S T E R , S TAY R E L E VA N T

KEEP YOUR FINGER ON THE PULSE OF DISRUPTION.

GOALCONNECTING YOU TO YOUR STARTUP ECOSYSTEMS

UNDERSTANDING THE EARLY STAGE PHASES LEARN ABOUT THE MAIN MYTH AVOID PITFALLS

CLEARLY UNDERSTAND WHY STARTUP MATTERS FOR CORPORATIONS DISCOVERING STARTUP METHODOLOGIES

MEETING GREAT ENTREPRENEURS SCALING UP VS STARTING UP

STATING CHALLENGES AND HOPES FOR CORPORATIONS INSPIRING YOU

HAVING FUN!

<1H!

WE WILL NOT COVER EVERYTHING! AND THAT’S A GOOD THING :)

FRUSTRATING

B4

STARTUP = SEARCH FOR NEW BUSINESS MODELS

LARGE CORPORATIONS = SEARCH FOR LEADERSHIP

SCALE-UP = SEARCH FOR MAXIMUM SCALABILITY

LET’S ALL SPEAK THE SAME LANGUAGE IT’S DEFINITIONS TIME!

(JUST TAKE A PHOTO)

FOUNDERS = PEOPLE WHO CREATE / EXECUTE / OWN AN IDEA

INTRAPRENEURS = PEOPLE WHO CREATE / EXECUTE / DON’T OWN AN IDEA

BUSINESS PLAN = SOMETHING THAT NEVER WORKS

WE’LL BE USING ROMAN VOTING YELL AT ME IF I GO TO FAST OR IF YOU

CHECKED OUT!

I C O - F O U N D E D T H E L A R G E S T N E T W O R K S O F E A R LY S T A G E F O U N D E R S I N T H E W O R L D >

3 0 0 , 0 0 0 P E O P L E I N 1 2 8 C O U N T R I E S $ 2 0 0 M O F VA L U E C R E A T E D

THE GREATEST FORCE ADVANCING HUMAN WELFARE

W E A R E T H E A M B A S S A D O R S O F T H I S A M A Z I N G C O M M U N I T Y N O T H I N G E L S E !

A I D E Z N O U S ! P A R L E Z E N : )

F O L L O W M E : @ P E I G N O I R

BTW: NO ONE LIKES BUILDING STARTUPS UNLESS THEY ARE INSANE!

THE GOAL IS NOT TO BE A STARTUP AS FAST AS YOU CAN

Q/A

D I S C L A M E R

N O O N E U N D E R S T A N D E N T R E P R E N E U R S H I P T H A T ’ S W H Y I T ’ S F U N !

B U TW E C A N H AV E

A S T A T I S T I C A L A P P R O A C H D R I V E N B Y R E S E A R C H

S T O C H A S T I C P R O C E S S E S A N D G U T S !

WHYA R E W E H E R E ?

> CORPORATIONS ARE TOO SLOW

> STARTUP ARE GROWING FASTER

THAN EVER!

DATA:INNOSIGHT/Richard. N.Foster/Standard&Poor’s

AT CURRENT CHURN RATE, 75% OF THE S&P 500 WILL BE REPLACED BY 2027.

YOU’RE ABOUT TO BE UBERIZED!>

THIS IS NOT NEW

B C G B A I N M C K I N S E Y

I D E O F R O G

TOP 5% DESIGNERS

TOP 5% IVY LEAGUE

TOP 1% ENTREPRENEURS

INNOVATION

SCALE

VELOCITY

INNOVATOR DILLEMA LEAN

OPENINNOVATION

THE 3 FORCES OF SCALE-UPS

ECOSYSTEM

DISCOVER

JUST DO WHAT IS RECOMMENDED ON THE NEXT SLIDE AND YOU WILL UNDERSTAND

YOUR STARTUP ECOSYSTEM …

NO TALK, ALL ACTION!

SUBSCRIBE NOW!2 min break!

K E Y E L E M E N T S O F G R E A T S T A R T U P E C O S Y S T E M S

WHAT WE NOW KNOW

ABOUT STARTUPS

WHY 2/3 STARTUPS

FAIL?

TEAMS!

THE REST?

WHAT SUCCESS

LOOKS LIKE? (before success)

IT’S HARD TO CREATE VALUE THAT SCALES!

LET’S BUST SOME STARTUP

MYTHS!

AVERAGE AGE OF FOUNDERS IS AROUND 40

YOUNG COMPANIES CREATE MOST OF THE ECONOMIC GROWTH

LATEST STARTUP METHODOLOGIES

/ TOOLS

TO READ

WHY IS IT SO HARD FOR LARGE

CORPORATIONS?

MANY CHALLENGES!

B E S T P R AC T I C E S A R E I R R E L E VA N T AG A I N S T S TA RT U P S

STRATEGY  FIRMS  ARE  TOO  SLOW.

M E T H O D O L O G I E S A R E N O T S T R AT E G I E S

75%  M&A  FAILS

S H O RT T E R M M A R K E T

TO O M U C H N O I S E / I N F O R M AT I O N

TO O L I T T L E T I M E

T A L E N T S D R E A M O F L AU N C H I N G S TA RT U P S

LEAN  IS  NOT  EFFICIENT  WITH  THE  WRONG  PEOPLE

>

M A R K E T, C U LT U R E , C O M P E T I T I O N , STRATEGY, POLITICS, NOISE…

IT’S TOUGH TO BE AN EXECUTIVE>

HOPE

ADVOCATE FOR ENTREPRENEURSHIP IN CORPORATION

YOU ARE AN ECOSYSTEM!

> MAXIMIZE INTERNAL / EXTERNAL FRICTIONS TO MAXIMIZE SERENDIPITY

> PRODUCE DENSITY

> D E S I G N N E W I N T E R N A L C O R P O R AT E POLICIES / e.g CFO + CIO (INTERNAL CORP FINANCE / FLEXIBLE BUDGET)

> DON’T FOCUS ON STARTUP BUT ON SCALE-UPS

WORK WITH THE RIGHT

BRAINS!

> THE TOP ENTREPRENEURS ARE EXTREMALY RARE IN THE CORPORATE WORLD : 6 FOR EVERY MILLION!

We are here!

EXCITING TIMES!

ESPECIALLY IF NOT PUBLIC :)

THX!

WANNA WORK WITH RECORP -> [email protected]

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