STARTUP       COMMUNITY       ALCHEMY       LESSONS LEARNED FOR       GROWING SOUTH DAKOTA’S       STARTUP COMMUNITY      ...
Iowa Floods 2008                    June 13, 2008                           #innoexpo @andystollThursday, October 25, 12
Iowa Floods 2008                           #innoexpo @andystollThursday, October 25, 12
Cody Butler, CornFinger                           #innoexpo @andystoll @codyjamesbutler @cornfingerThursday, October 25, 12
Ben Milne, Dwolla                           #innoexpo @andystoll @bpmilne @dwollaThursday, October 25, 12
Entrepreneurship has been democratized                               THE FUTURE IS                               ALREADY H...
STARTUP                           #innoexpo @andystollThursday, October 25, 12
SMALL BUSINESS         STARTUP         LARGE COMPANY                           #innoexpo @andystollThursday, October 25, 12
STARTUP designed to search for a         a temporary organization          repeatable and scalable business model whose   ...
STARTUP designed to search for a         a temporary organization          repeatable and scalable business model whose   ...
WHY DO    STARTUPS FAIL?     “Most startups DON’T fail because they failed to     write a good business plan or they lacke...
WHAT STARTUPS    NEED TO SUCCEED     “What startups need is help finding customers, mentors,     business models, peers, in...
WHAT STARTUPS    NEED TO SUCCEED                + access to knowledge                + access to networks                +...
A STARTUP COMMUNITY                           [an entrepreneurial ecosystem]                                             #...
A STARTUP COMMUNITY                           [an entrepreneurial ecosystem]                              “inside the secr...
A STARTUP COMMUNITY                           [an entrepreneurial ecosystem]                          “inside the secret g...
A STARTUP COMMUNITY                           [an entrepreneurial ecosystem]                          “inside the secret g...
A STARTUP COMMUNITY                           [an entrepreneurial ecosystem]                          “inside the secret g...
Iowa Floods 2008                    June 13, 2008                           #innoexpo @andystollThursday, October 25, 12
#innoexpo @andystoll @ideavillage @thwilliamson @robbievitrano @cschultzThursday, October 25, 12
THE TALE OF 3 CITIES           building entrepreneurial communities in unexpected places  DON’T FORGET  ‣ there are no sil...
NEW ORLEANSpop: 343,829                                                                                 traditional indust...
Some of the startup community leaders in New Orleans                                 #innoexpo @andystoll @ideavillage @th...
NEW ORLEANSpop: 343,829                                                                                 traditional indust...
NEW ORLEANSpop: 343,829                                                                                 traditional indust...
OMAHApop: 408,958                                                                           traditional industries        ...
Some of the startup community leaders in Omaha                                                  #innoexpo @andystoll @slob...
Some of the startup community leaders in Omaha                                      #innoexpo @andystoll @slobotski @dusty...
OMAHApop: 408,958                                                                           traditional industries        ...
OMAHApop: 408,958                                                                           traditional industries        ...
BOULDERpop: 97.385                                                      traditional industries                            ...
Amazon.com   Public Library                           #innoexpo @andystoll @bfeldThursday, October 25, 12
BOULDERpop: 97.385                                                                                       traditional indus...
BOULDERpop: 97.385                                                                                       traditional indus...
CEDAR RAPIDSpop: 126,326                                         traditional industries                                   ...
CEDAR RAPIDSpop: 126,326                                                       traditional industries                     ...
CEDAR RAPIDSpop: 126,326                                                        traditional industries                    ...
CEDAR RAPIDSpop: 126,326                                                        traditional industries                    ...
CEDAR RAPIDSpop: 126,326                                                        traditional industries                    ...
CEDAR RAPIDSpop: 126,326                                                         traditional industries                   ...
CEDAR RAPIDSpop: 126,326                                                         traditional industries                   ...
CEDAR RAPIDSpop: 126,326                                                         traditional industries                   ...
Lots of grassroots events to “shake the trees” and connect people - barcamp, startup weekend, meetups, conference, fairs  ...
Organic growth of online “watering holes” for the community, to help find and engage people in our cause - ICCreatives.us  ...
Organic growth of physical “watering holes” for the community - Vault Coworking & Collaboration Space grand opening       ...
Hardwire connection between our region and elsewhere - Cedar Rapids/Iowa City contingent to Big Omaha 2012                ...
Some very visible success stories and national exposure of our early stage entrepreneurs and startupsRecBob at DEMO       ...
BUILDING YOUR  STARTUP COMMUNITY  Conclusion: Ten key take aways that I think are important.                              ...
BUILDING YOUR  STARTUP COMMUNITY  Conclusion: Ten key take aways that I think are important.     1. led by entrepreneurs  ...
trust your crazy ideas                                                    #innoexpo @andystollThursday, October 25, 12
this deck & more links: andystoll.net/startupculture     ANDY STOLL     SEED HERE STUDIO / IOWA     andystoll.net     @and...
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Startup Community Alchemy Deck - Oct 2012

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This presentation was prepared for the South Dakota Innovation Expo 2012 in Sioux Falls, South Dakota, USA on October 23-24, 2012. This deck builds upon previous presentation from Nashville and adds key insight from Boulder, Colorado, based on the indispensable work and insight of Brad Feld. More at www.andystoll.net/startupculture

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Startup Community Alchemy Deck - Oct 2012

  1. 1. STARTUP COMMUNITY ALCHEMY LESSONS LEARNED FOR GROWING SOUTH DAKOTA’S STARTUP COMMUNITY ANDY STOLL, SEED HERE STUDIO / IOWA #innoexpo @andystollThursday, October 25, 12
  2. 2. Iowa Floods 2008 June 13, 2008 #innoexpo @andystollThursday, October 25, 12
  3. 3. Iowa Floods 2008 #innoexpo @andystollThursday, October 25, 12
  4. 4. Cody Butler, CornFinger #innoexpo @andystoll @codyjamesbutler @cornfingerThursday, October 25, 12
  5. 5. Ben Milne, Dwolla #innoexpo @andystoll @bpmilne @dwollaThursday, October 25, 12
  6. 6. Entrepreneurship has been democratized THE FUTURE IS ALREADY HERE ITS JUST UNEVENLY DISTRIBUTED William Gibson #innoexpo @andystollThursday, October 25, 12
  7. 7. STARTUP #innoexpo @andystollThursday, October 25, 12
  8. 8. SMALL BUSINESS STARTUP LARGE COMPANY #innoexpo @andystollThursday, October 25, 12
  9. 9. STARTUP designed to search for a a temporary organization repeatable and scalable business model whose founders desire to “change the world” #innoexpo @andystollThursday, October 25, 12
  10. 10. STARTUP designed to search for a a temporary organization repeatable and scalable business model whose founders desire to “change the world” On Peppermint Energy: Third times a charm. Brian Gramm, Peppermint Energy On Colourlovers: “We didn’t have a business model.” @bubs, ColorLouvers #innoexpo @andystollThursday, October 25, 12
  11. 11. WHY DO STARTUPS FAIL? “Most startups DON’T fail because they failed to write a good business plan or they lacked an incubator or capital, they DO fail because they underperform to their potential--they made a product that their customers don’t want or they couldn’t build a team that has the capabilities to build, sell and grow, with just a few people.” Tom Chapman, Nebraska Global #innoexpo @andystoll @tchap623Thursday, October 25, 12
  12. 12. WHAT STARTUPS NEED TO SUCCEED “What startups need is help finding customers, mentors, business models, peers, investors and collaborators that provide the needed information and guidance for launching and pivoting their business.” Tom Chapman, Nebraska Global #innoexpo @andystoll @tchap623Thursday, October 25, 12
  13. 13. WHAT STARTUPS NEED TO SUCCEED + access to knowledge + access to networks + encouragement Josh Cramer, serial entrepreneur #innoexpo @andystoll @tchap623Thursday, October 25, 12
  14. 14. A STARTUP COMMUNITY [an entrepreneurial ecosystem] #innoexpo @andystoll #nola #omaha #boulderThursday, October 25, 12
  15. 15. A STARTUP COMMUNITY [an entrepreneurial ecosystem] “inside the secret garden” @bubs, ColorLouvers #innoexpo @andystoll #nola #omaha #boulderThursday, October 25, 12
  16. 16. A STARTUP COMMUNITY [an entrepreneurial ecosystem] “inside the secret garden” @bubs, ColorLouvers “the value of Kickstarter was customer feedback” Brian Gramm, Peppermint Energy #innoexpo @andystoll #nola #omaha #boulderThursday, October 25, 12
  17. 17. A STARTUP COMMUNITY [an entrepreneurial ecosystem] “inside the secret garden” @bubs, ColorLouvers “the value of Kickstarter was customer feedback” Brian Gramm, Peppermint Energy “the best place to get advice is other entrepreneurs” Dan Martell, Clarity #innoexpo @andystoll #nola #omaha #boulderThursday, October 25, 12
  18. 18. A STARTUP COMMUNITY [an entrepreneurial ecosystem] “inside the secret garden” @bubs, ColorLouvers “the value of Kickstarter was customer feedback” Brian Gramm, Peppermint Energy “the best place to get advice is other entrepreneurs” Dan Martell, Clarity “you are the average of the 5 people you spend yourself with” Dan Martell, Clarity #innoexpo @andystoll #nola #omaha #boulderThursday, October 25, 12
  19. 19. Iowa Floods 2008 June 13, 2008 #innoexpo @andystollThursday, October 25, 12
  20. 20. #innoexpo @andystoll @ideavillage @thwilliamson @robbievitrano @cschultzThursday, October 25, 12
  21. 21. THE TALE OF 3 CITIES building entrepreneurial communities in unexpected places DON’T FORGET ‣ there are no silver bullets, no easy and quick solution ‣ what works in Nashville doesn’t necessarily work in Dubuque #innoexpo @andystollThursday, October 25, 12
  22. 22. NEW ORLEANSpop: 343,829 traditional industries OIL & GAS SHIP BUILDING TOURISM AEROSPACE #innoexpo @andystoll @ideavillage @thwilliamson @robbievitrano @cschultzThursday, October 25, 12
  23. 23. Some of the startup community leaders in New Orleans #innoexpo @andystoll @ideavillage @thwilliamson @robbievitrano @cschultzThursday, October 25, 12
  24. 24. NEW ORLEANSpop: 343,829 traditional industries OIL & GAS SHIP BUILDING TOURISM AEROSPACE #innoexpo @andystoll @ideavillage @thwilliamson @robbievitrano @cschultzThursday, October 25, 12
  25. 25. NEW ORLEANSpop: 343,829 traditional industries OIL & GAS SHIP BUILDING TOURISM AEROSPACE LESSONS ‣ started by a small group of entrepreneurs ‣ broke the traditional networks of power ‣ change began internally ‣ success has many mothers and fathers ‣ must “hardwire” your community with others ‣ just start (and be patient) #innoexpo @andystoll @ideavillage @thwilliamson @robbievitrano @cschultzThursday, October 25, 12
  26. 26. OMAHApop: 408,958 traditional industries FINANCE INSURANCE TELECOM SHIPPING AREOSPACE #innoexpo @andystoll @slobotski @dustyd @siliconprairie @tchap623Thursday, October 25, 12
  27. 27. Some of the startup community leaders in Omaha #innoexpo @andystoll @slobotski @dustyd @siliconprairieThursday, October 25, 12
  28. 28. Some of the startup community leaders in Omaha #innoexpo @andystoll @slobotski @dustyd @siliconprairie @tchap623Thursday, October 25, 12
  29. 29. OMAHApop: 408,958 traditional industries FINANCE INSURANCE TELECOM SHIPPING AREOSPACE #innoexpo @andystoll @slobotski @dustyd @siliconprairie @tchap623Thursday, October 25, 12
  30. 30. OMAHApop: 408,958 traditional industries FINANCE INSURANCE TELECOM SHIPPING AREOSPACE LESSONS ‣ first step: find the entrepreneurs ‣ highlighting success can have outsized impact ‣ events, events, big events ‣ get as many people on the bus as you can, then go ‣ treat serial entrepreneurs like gold ‣ there’s power when shirts connect with suits ‣ be humble, learn from mistakes ‣ be prepared to pivot as you go #innoexpo @andystoll @slobotski @dustyd @siliconprairie @tchap623Thursday, October 25, 12
  31. 31. BOULDERpop: 97.385 traditional industries SCIENCE RESEARCH ELECTRONICS AEROSPACE NATURAL FOODS #innoexpo @andystoll @bfeld @techstars @bdntThursday, October 25, 12
  32. 32. Amazon.com Public Library #innoexpo @andystoll @bfeldThursday, October 25, 12
  33. 33. BOULDERpop: 97.385 traditional industries SCIENCE RESEARCH ELECTRONICS AEROSPACE NATURAL FOODS *Brad Feld’s “Boulder Thesis,” the core of his must read book Startup Communities. #innoexpo @andystoll @bfeld @techstars @bdntThursday, October 25, 12
  34. 34. BOULDERpop: 97.385 traditional industries SCIENCE RESEARCH ELECTRONICS AEROSPACE NATURAL FOODS LESSONS ‣ led by entrepreneurs ‣ leaders have long term commitment (20 years) ‣ foster a philosophy of inclusiveness ‣ events that engage the entire entrepreneur stack ‣ give before you get ‣ don’t ask permission *Brad Feld’s “Boulder Thesis,” the core of his must read book Startup Communities. #innoexpo @andystoll @bfeld @techstars @bdntThursday, October 25, 12
  35. 35. CEDAR RAPIDSpop: 126,326 traditional industries AGRICULTURE FOOD PROCESSING AEROSPACE TRANSPORATION TELECOM #innoexpo @andystoll @seedhereThursday, October 25, 12
  36. 36. CEDAR RAPIDSpop: 126,326 traditional industries AGRICULTURE FOOD PROCESSING AEROSPACE TRANSPORATION TELECOM OUR ACTION ‣ first asked: where are our entrepreneurs? #innoexpo @andystoll @seedhereThursday, October 25, 12
  37. 37. CEDAR RAPIDSpop: 126,326 traditional industries AGRICULTURE FOOD PROCESSING AEROSPACE TRANSPORATION TELECOM OUR ACTION ‣ first asked: where are our entrepreneurs? ‣ how to find them: started and instigated new events #innoexpo @andystoll @seedhereThursday, October 25, 12
  38. 38. CEDAR RAPIDSpop: 126,326 traditional industries AGRICULTURE FOOD PROCESSING AEROSPACE TRANSPORATION TELECOM OUR ACTION ‣ first asked: where are our entrepreneurs? ‣ how to find them: started and instigated new events ‣ also: built online and offline “watering holes” #innoexpo @andystoll @seedhereThursday, October 25, 12
  39. 39. CEDAR RAPIDSpop: 126,326 traditional industries AGRICULTURE FOOD PROCESSING AEROSPACE TRANSPORATION TELECOM OUR ACTION ‣ first asked: where are our entrepreneurs? ‣ how to find them: started and instigated new events ‣ also: built online and offline “watering holes” ‣ motivated our serial entrepreneurs to lead #innoexpo @andystoll @seedhereThursday, October 25, 12
  40. 40. CEDAR RAPIDSpop: 126,326 traditional industries AGRICULTURE FOOD PROCESSING AEROSPACE TRANSPORATION TELECOM OUR ACTION ‣ first asked: where are our entrepreneurs? ‣ how to find them: started and instigated new events ‣ also: built online and offline “watering holes” ‣ motivated our serial entrepreneurs to lead ‣ building hardwired connections regionally/nationally #innoexpo @andystoll @seedhereThursday, October 25, 12
  41. 41. CEDAR RAPIDSpop: 126,326 traditional industries AGRICULTURE FOOD PROCESSING AEROSPACE TRANSPORATION TELECOM OUR ACTION ‣ first asked: where are our entrepreneurs? ‣ how to find them: started and instigated new events ‣ also: built online and offline “watering holes” ‣ motivated our serial entrepreneurs to lead ‣ building hardwired connections regionally/nationally ‣ always asking “does this help our entrepreneurs?” #innoexpo @andystoll @seedhereThursday, October 25, 12
  42. 42. CEDAR RAPIDSpop: 126,326 traditional industries AGRICULTURE FOOD PROCESSING AEROSPACE TRANSPORATION TELECOM OUR ACTION ‣ first asked: where are our entrepreneurs? ‣ how to find them: started and instigated new events ‣ also: built online and offline “watering holes” ‣ motivated our serial entrepreneurs to lead ‣ building hardwired connections regionally/nationally ‣ always asking “does this help our entrepreneurs?” ‣ being patient, trying lots of things, learning #innoexpo @andystoll @seedhereThursday, October 25, 12
  43. 43. Lots of grassroots events to “shake the trees” and connect people - barcamp, startup weekend, meetups, conference, fairs #innoexpo @andystollThursday, October 25, 12
  44. 44. Organic growth of online “watering holes” for the community, to help find and engage people in our cause - ICCreatives.us #innoexpo @andystoll @iccreativesThursday, October 25, 12
  45. 45. Organic growth of physical “watering holes” for the community - Vault Coworking & Collaboration Space grand opening #innoexpo @andystoll @crvaultThursday, October 25, 12
  46. 46. Hardwire connection between our region and elsewhere - Cedar Rapids/Iowa City contingent to Big Omaha 2012 #innoexpo @andystoll @bigomahaThursday, October 25, 12
  47. 47. Some very visible success stories and national exposure of our early stage entrepreneurs and startupsRecBob at DEMO ActiveGrade at the HuffPost Event at the DNC #innoexpo @andystoll @recbob @activegradeThursday, October 25, 12
  48. 48. BUILDING YOUR STARTUP COMMUNITY Conclusion: Ten key take aways that I think are important. #innoexpo @andystollThursday, October 25, 12
  49. 49. BUILDING YOUR STARTUP COMMUNITY Conclusion: Ten key take aways that I think are important. 1. led by entrepreneurs 2. must be in it for the long game (20 years) 3. identify your entrepreneurs and startups & rally around them 4. create new events that engage the entire entrepreneurial stack 5. be inclusive 6. highlight entrepreneurial success & tell stories 7. connect between generations & siloed groups 8. give before you get 9. its more an art, than a science (try lots of things) 10. don’t wait for permission, start today #innoexpo @andystollThursday, October 25, 12
  50. 50. trust your crazy ideas #innoexpo @andystollThursday, October 25, 12
  51. 51. this deck & more links: andystoll.net/startupculture ANDY STOLL SEED HERE STUDIO / IOWA andystoll.net @andystoll #innoexpo @andystollThursday, October 25, 12
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