This is my presentation To the NW Economic Development Course August 2012

1. ENTREPRENEURSHIP
Wednesday, August 22, 12

2. HALF-BAKED
Wednesday, August 22, 12

3. 500 Events
107 Countries
2200 Influencers
50 000 Attendees
7000 Teams
500+ Jobs Impact
501c3 2012
A quarter Million
Entrepreneurs Education Health Government
annually by 2015
SWResearch
Maker Media More
2015 2000 Events Verticals New
Wednesday, August 22, 12

4. The largest grassroots entrepreneurial community in the world
(we’re in more countries than Starbucks! )
Wednesday, August 22, 12

5. What you What you
want to do can do
What you get
paid FOR
Wednesday, August 22, 12

6. USA (CENSUS DATA 2007)
22%
FIRMS 27,757,676 78%
13%
Non Employer Firms
Employers Firms (With Payroll)
88%
More than $1M Less than $1M
Wednesday, August 22, 12

7. the .001%
PERCEPTION
$1b
0 REVENUE
GRASSROOTS CLASSIC
Wednesday, August 22, 12

8. 21 Century
Entrepreneurship (Our vision)
Wednesday, August 22, 12

9. ENTREPRENEURIAL
PARADOX
(how to teach what we don’t know?)
Wednesday, August 22, 12

10. lG ame!
ne ur ia
tr ep re
t he En
co me to
W el
81 123 7 billion people
10 10
Atoms in the known universe Shannon number
really complex game!
Wednesday, August 22, 12

11. A WORLD FULL OF POTENTIAL
World Bay Area Mountain View Internet
2 2
50 / km 2 395 / km 2300 / km 2.26b / screen
Wednesday, August 22, 12

12. OUR CHALLENGE
(500 000 - 600 000)
2009
400 000
Wednesday, August 22, 12
STARTUPS / YEAR

13. THE MYTH OF THE LONE
ENTREPRENEUR
Wednesday, August 22, 12

14. OUR MODEL
preneu r’s story
Entre
FT500
You are taking over the World!
SCALE
You have a stable business model
Garage STARTUP
You have a solid team with some good ideas
ACTION
You are an Entrepreneur
DISCOVERY
You want to be an Entrepreneur
INSPIRE/CELEBRATE
? You’ve got some passions & ideas
Wednesday, August 22, 12

15. Why Startups Fail?
Wednesday, August 22, 12

16. cons tant
Wednesday, August 22, 12

17. The Irrational world of entrepreneurship
B
?
KNOWLEDGE Business Decision
? C
Entrepreneur
THERE IS NO SYSTEMATIC PATH TO BUSINESS SUSTAINABILITY
Bounded rationality is the idea that in decision-making,
rationality of individuals is limited by the information they have, the
cognitive limitations of their minds, and the finite amount of time
they have to make a decision
Reinhard Selten
Wednesday, August 22, 12

18. YOU COULD BUILD THAT...
MULTIOBJECTIVE CELLULAR GENETIC ALGORITHM WITH ADAPTIVE FUZZY FITNESS GRANULATION
Wednesday, August 22, 12

19. OR JUST PUT PEOPLE IN THE SAME ROOM...
Your computer fitness function
Wednesday, August 22, 12

20. THE ENTREPRENEURIAL JOURNEY
r’s story MBA
Entrepreneu
FT500
ean
You are taking over the World!
L SCALE
You have a stable business model
Garage STARTUP
You have a solid team with some good ideas
ACTION
You are an Entrepreneur
DISCOVERY
You want to be an Entrepreneur
INSPIRE/CELEBRATE
? You’ve got some passions & ideas
Wednesday, August 22, 12

21. NEW TOOLS
Wednesday, August 22, 12

22. Business Plans are dead
Wednesday, August 22, 12

23. Wednesday, August 22, 12

24. 3 Pillars OF THIS HIGH GROWTH STARTUP REVOLUTION
1. Low cost MVP
2. Short BUSINESS Cycles
3. Social Networks
Wednesday, August 22, 12

25. SW SWNEXT
MBC
(Master in Business Creation)
COMMUNITY RESEARCH
Wednesday, August 22, 12

26. Main Hypothesis
It is possible to increase the volume, quality and rate of advancement for entrepreneurs
within any startup community
More Jobs
More Startups
Better Entrepreneurs
Wednesday, August 22, 12

27. Wednesday, August 22, 12

28. Our experiment
38 Initiatives Mapped Addressing
You are taking over the World!
HIGH GROWTH
known problems/opportunities
You have a stable business model
SCALE
and a great product
You have a solid team Garage STARTUP
with some good ideas
SEATTLE:
NYC:
You are an ACTION
LA:
Entrepreneur
DSM:
DISCOVERY
VEGAS:
You want to be an
Entrepreneur
BOSTON:
DETROIT: INSPIRE/CELEBRATE
You’ve got some
passions &SP:
ideas
?
Wednesday, August 22, 12

29. When Initiatives become predictable they can be
archived shared and scaled across the country
High Growth
Scale
The Easy Startup
Project
15 0
very
Action
00
$ Disco
Discovery
Sea $7.5 /
ttle rs
Entre preneu
Inspire
38 Initiatives
Estimated Impact Estimated Value
$55M
1. Entrepreneurs: 17, 235
2. Startups/Teams: 1,957 Estimated Cost
3. Jobs: 554 $784,340
Wednesday, August 22, 12

30. WHAT’S NEXT?
• 1. Map/know your ecosystem
• 2. Meet and participate with your
local community (events / startups)
• 3. Don’t hurt! (support)
• 4. Go to a Startup Weekend :)
Wednesday, August 22, 12

31. THANK YOU
franck@startupweekend.org
Wednesday, August 22, 12