KYIV CITY OPEN DOORS         The Roles ofEntrepreneurship & Innovation          Roman Kikta         Mobility Ventures     ...
“Entrepreneurs are dreamers who do!They have the imagination to create a vision     and gumption to make it happen. They h...
The Past 100 Years:         The Golden Age forInnovation is part of American culture
Challenging economic times can createincredible opportunities for innovatorsChallenging economic times can create incredib...
Challenging economic times can createincredible opportunities for innovators
Top Innovations in Past 25 Years1. The Internet          13. Air bags2. Cell phone            14. ATM3. Personal computers...
The Road to Funding         “Vision Without         Money Is a         Hallucination”        - Dr. Allan MacDarmid, Ph.D. ...
Entrepreneurs With Vision“Companies are made possible by Entrepreneurs who think everything is possible and strive to make...
Entrepreneurs & Opportunities        “Opportunities are about        creating value, not just        lowering costs…….. Th...
What Makes an Entrepreneur?  What is the “DNA” of an entrepreneur?       A review of academic literature yields a number  ...
What Makes a Successful Entrepreneur?The DNA:                                                             1) A disruptive ...
Ideas   A Good Idea Is Not Enough --    Good Ideas Abound    First to Market is a False Comfort    There is Always a Com...
IDEAS“It’s not enough to build abetter mouse trap. You mustreally want to kill mice.”            – Bill Joos              ...
A Case Study: Would you invest?•   Addresses Multi $$$ Billion Market•   Global opportunity•   Mobile/ wireless devices•  ...
A Case Study:
A Case Study: The Reality• Limited usability• Cost – not competitive with alternative  solutions• Lack of support by major...
“The best way to predict thefuture is to create it”              – Peter Drucker
“Entrepreneurs can change the world”    “You are never too old to    set another goal or to dream    a new dream.”        ...
Some Tips:• Start with a vision of how you want the  company to look.• Dont listen to anyone (unless they agree  with you ...
Suggested Reading List
Thank youFor More Information … Please visit:www.MobilityVentures.comor email me at:Roman@MobilityVentures.com
Kyiv open doors forum april 21st 2012_Roman Kikta
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Kyiv open doors forum april 21st 2012_Roman Kikta

  1. 1. KYIV CITY OPEN DOORS The Roles ofEntrepreneurship & Innovation Roman Kikta Mobility Ventures April 21, 2012 Kyiv, Ukraine
  2. 2. “Entrepreneurs are dreamers who do!They have the imagination to create a vision and gumption to make it happen. They have the drive to overcome fears and the passion to succeed” “Confidence is the companion of success.” --Chinese Proverb“Entrepreneurship is about… those who dare todream the dreams and are foolish enough to try and make their dreams come true” - Vinod Khosla General Partner, Khosla Ventures Co-Founder Sun Microsystems
  3. 3. The Past 100 Years: The Golden Age forInnovation is part of American culture
  4. 4. Challenging economic times can createincredible opportunities for innovatorsChallenging economic times can create incredible opportunities forinnovators, and technology is the home of innovation.Disruptive capabilities will emerge — in products and services, aswell as business models.
  5. 5. Challenging economic times can createincredible opportunities for innovators
  6. 6. Top Innovations in Past 25 Years1. The Internet 13. Air bags2. Cell phone 14. ATM3. Personal computers 15. Advanced batteries4. Fiber optics 16. Hybrid car5. E-mail 17. OLEDs6. Commercialized GPS 18. Display panels7. Portable computers 19. HDTV8. Memory storage 20. Space shuttlediscs 21. Nanotechnology9. Consumer level 22. Flash memorydigital camera 23. Voice mail10. Radio frequency ID 24. Modern hearing aidstags 25. Short Range, High11. MEMS Frequency Radio12. DNA fingerprinting
  7. 7. The Road to Funding “Vision Without Money Is a Hallucination” - Dr. Allan MacDarmid, Ph.D. Nobel Laureate
  8. 8. Entrepreneurs With Vision“Companies are made possible by Entrepreneurs who think everything is possible and strive to make it happen!”
  9. 9. Entrepreneurs & Opportunities “Opportunities are about creating value, not just lowering costs…….. The failure of some entrepreneurs who believe they haven’t come in at the right cost is that they have not communicated value” - Peter Drucker
  10. 10. What Makes an Entrepreneur? What is the “DNA” of an entrepreneur? A review of academic literature yields a number of characteristics common to Entrepreneurs: Schen’94, Timmons ‘94: Solomon ‘89: - Commitment - Innovative - Determination - Action Oriented - Leadership - Extremely Self - Opportunity Obsession Confident - Tolerance of Risk & - Highly Ambiguity Autonomous - Creativity - Self Reliance - Ability to Adapt - Motivation to excelIs possession of these characteristics enough to ensure success as an entrepreneur?
  11. 11. What Makes a Successful Entrepreneur?The DNA: 1) A disruptive technology- Commitment / 2) A large market Determination 3) And manageable levels of:- Leadership Entrepreneurial Quality Market risk- Opportunity Obsession Characteristics Opportunity Technology risk- Tolerance of Risk & Team risk Ambiguity Financial risk- Creativity & Innovative- Self Confident, Reliance SUCCESSSFUL- Ability to Adapt- Self-Motivation to excel ENTREPRENEUR 1) Business formation1)Start-up Strong 2) Product development2)Technology Execution! Business Plan 3) Customer development3)Customer 4) Financial management4)Financials You may be born with entrepreneurial characteristics but…… ...... EXPERIENCE is what makes a successful entrepreneur
  12. 12. Ideas A Good Idea Is Not Enough -- Good Ideas Abound  First to Market is a False Comfort  There is Always a Competitor—Usually Several  Must Have a Viable Business Proposition  Execution Intelligence“A business idea is worthless unless the entrepreneur behind it has the skills,knowledge and experience to execute it”
  13. 13. IDEAS“It’s not enough to build abetter mouse trap. You mustreally want to kill mice.” – Bill Joos Cofounder, Garage.com
  14. 14. A Case Study: Would you invest?• Addresses Multi $$$ Billion Market• Global opportunity• Mobile/ wireless devices• Patented Solution for Problem• Most “Innovative Product of The Year• Enormous ‘WOW’ factor
  15. 15. A Case Study:
  16. 16. A Case Study: The Reality• Limited usability• Cost – not competitive with alternative solutions• Lack of support by major OEMs• Limited market acceptance• A $$+Million write off
  17. 17. “The best way to predict thefuture is to create it” – Peter Drucker
  18. 18. “Entrepreneurs can change the world” “You are never too old to set another goal or to dream a new dream.” – C.S. Lewis
  19. 19. Some Tips:• Start with a vision of how you want the company to look.• Dont listen to anyone (unless they agree with you and know what they’re talking about).• Manage what you can control – Spending – Growth & earning assumptions• Focus on Quality• Lower Risk• Reduce Debt• Recruit top people into management.• NEVER GIVE UP!
  20. 20. Suggested Reading List
  21. 21. Thank youFor More Information … Please visit:www.MobilityVentures.comor email me at:Roman@MobilityVentures.com

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