Rain Rannu - Fortumo - Stanford - Feb 28 2011
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Rain Rannu - Fortumo - Stanford - Feb 28 2011

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Rain Rannu - Fortumo - Stanford - Feb 28 2011 Rain Rannu - Fortumo - Stanford - Feb 28 2011 Presentation Transcript

  • Entrepreneuship and startups in Estonia Rain Rannu Stanford University February 28, 2011Monday, February 28, 2011
  • Rain Rannu • 30 years old • BA & MBA from Tartu University, Estonia • Entrepreneur for the past 11 yearsMonday, February 28, 2011
  • Mobile penetration exceeds Internet penetration More people can use m-services than e-services More people can use m-services than e-services Rain Rannu, Mobi SolutionsMonday, February 28, 2011 View slide
  • Computers are tied to a place, mobile devices are always with the user M-services can be used from more places than e-servicesMonday, February 28, 2011 View slide
  • Monday, February 28, 2011
  • Adding mobile payments to your app or game should be as easy (and cheap) as creating a blog or a homepageMonday, February 28, 2011
  • Fortumo.com • Founded in 2007 • Spun out of parent company Mobi Solutions (which we founded in 2001) • Works in 50 countries worldwide • 20+ people in 6 countries • ProfitableMonday, February 28, 2011
  • Monday, February 28, 2011
  • Monday, February 28, 2011
  • Monday, February 28, 2011
  • Garage48.org From idea to service in 48 hours!Monday, February 28, 2011
  • Monday, February 28, 2011
  • Monday, February 28, 2011
  • Why I’m in Silicon Valley?Monday, February 28, 2011
  • 2001Monday, February 28, 2011
  • Monday, February 28, 2011
  • Casual Connect Europe sponsors list from http://europe.casualconnect,orgMonday, February 28, 2011
  • HiringMonday, February 28, 2011
  • What we’ve learned?Monday, February 28, 2011
  • You can’t outsource or delegate business development of a startupMonday, February 28, 2011
  • Presence is not office space or local company... it’s being hereMonday, February 28, 2011
  • Everything takes more time than expectedMonday, February 28, 2011
  • Monday, February 28, 2011
  • Northern EuropeMonday, February 28, 2011
  • Startups in Estonia • Phase 1: copy globally successful services for domestic market • Phase II (Skype, etc.): founders and funding from abroad, engineering from Estonia • Phase III (now): Estonian-founded and owned startups trying to break to international markets.Monday, February 28, 2011
  • Monday, February 28, 2011
  • Lack of (VC) funding makes Estonian startups focus on profitability from early onMonday, February 28, 2011
  • Why is Silicon Valley better than Estonia?Monday, February 28, 2011
  • Customers InvestorsMonday, February 28, 2011
  • EventsMonday, February 28, 2011
  • No -10F weather in February!Monday, February 28, 2011
  • Why is Estonia better than Silicon Valley?Monday, February 28, 2011
  • Tiny domestic market, makes you look to international markets right from the startMonday, February 28, 2011
  • Less competition for talent, more loyal employeesMonday, February 28, 2011
  • Cost of livingMonday, February 28, 2011
  • No traffic jams!Monday, February 28, 2011
  • Challenges for Estonian statups:Monday, February 28, 2011
  • Monday, February 28, 2011
  • Image: http://www.theexitstore.comMonday, February 28, 2011
  • Image: http://www.gettyimages.comMonday, February 28, 2011
  • Thank you! rain.rannu@gmail.com http://twitter.com/rainrannu http://fortumo.com http://garage48.orgMonday, February 28, 2011