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TheFunded  Entrepreneurship 2.0
TheFunded  Entrepreneurship 2.0
TheFunded  Entrepreneurship 2.0
TheFunded  Entrepreneurship 2.0
TheFunded  Entrepreneurship 2.0
TheFunded  Entrepreneurship 2.0
TheFunded  Entrepreneurship 2.0
TheFunded  Entrepreneurship 2.0
TheFunded  Entrepreneurship 2.0
TheFunded  Entrepreneurship 2.0
TheFunded  Entrepreneurship 2.0
TheFunded  Entrepreneurship 2.0
TheFunded  Entrepreneurship 2.0
TheFunded  Entrepreneurship 2.0
TheFunded  Entrepreneurship 2.0
TheFunded  Entrepreneurship 2.0
TheFunded  Entrepreneurship 2.0
TheFunded  Entrepreneurship 2.0
TheFunded  Entrepreneurship 2.0
TheFunded  Entrepreneurship 2.0
TheFunded  Entrepreneurship 2.0
TheFunded  Entrepreneurship 2.0
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TheFunded Entrepreneurship 2.0

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Presentation delivered to Harvard and MIT in March, 2009.

Presentation delivered to Harvard and MIT in March, 2009.

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Transcript

  • 1. Entrepreneurship 2.0 Everything has Changed. March, 2009
  • 2. EVERYTHING HAS CHANGED
  • 3. 13 years ago to today is… a career of no market value?!?
  • 4. NO! This collapse = death of old ideas, markets, and models!
  • 5. CHANGE = GOOD FOR STARTUPS
  • 6. DOWN WITH THE OLD IDEAS! R.I.P. R.I.P. R.I.P.
  • 7. BUILD? is it a good time to
  • 8. Everything has changed
    • POINT 1: Financing has collapsed
  • 9. IT’S NYSE HERE! worrying about mortgage payments vactioning in war torn public markets spending their last dollar to hit a home run
  • 10. Venture capital
    • Funds get committed on paper from Limited Partners (LPs) – Endowments, Pensions
    • VCs make capital calls from LPs to fund a company through liquidity, creating reserves
    • VCs earn management fees and carry only as money is actually invested
  • 11. has died…
    • Limited Partner liquidity crisis
      • No cash for capital calls
    • Under-reserved funds for existing portfolio
      • Expected participation by others funds
    • Collpased secondary market for LP positions
      • 4 sellers : 1 buyer, LPs paying to drop positions
    • Regulatory pressure for mark-to-market
      • FAS 157 collapsing reported portfolio valuations
  • 12. Everything has changed
  • 13. Market pain is your gain
    • Declining cost of processing power
      • Cheap Hardware, Cloud Resources
    • Open source and free software
      • The Open OS, The Free Productivity Suite
    • Declining labor costs
      • Crowdsourcing, Global Talent Pools
    • Abundant real estate
      • The Commercial Crash of 2009
  • 14. Everything has changed
  • 15. People are seeking solutions
    • Massive industry failures
      • Banking, insurance, media
    • New ideas are needed
      • Traditional businesses have land less to lose
    • The end of the old ideas
      • Older generations are losing their grip…
  • 16. Everything has changed
  • 17. The career is dead
    • Freelance workforce
      • The “Gig”economy, Passion careers
    • Distributed teams
      • The best person for a task
    • Working remotely
      • The customized home office (seaside)
    • Upside compensation
      • Earn equity, Share profilt
  • 18. Everything has changed
  • 19. BUILD! yes,
  • 20. Entrepreneur 2.0 Traction Path
    • The Idea
    • The Team
    • Prototype
    • The Launch
    • Adoption
    • Revenue
    • Profitability
  • 21. Entrepreneur 2.0 Financing Model
    • Customer Financing
      • Sell features, Front-load contracts for warrants
    • Vendor Financing
      • Payment terms, Barter, and Promotion
    • Employee Financing
      • Deffered compensation, Profilt sharing
  • 22. Entrepreneur 2.0 Credo FAILURE IS NOT AN OPTION

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