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HIGH-GROWTH STARTUPS
(AND WHY YOU SHOULD START ONE TODAY!)
Young IT Group
25 Sept 2013
Colin Kinner
@ColinKinner
Background
@ColinKinner
WHAT IS A STARTUP?
@ColinKinner
Startup = young, high growth company
Technology startup = startup in which
technology is central to the produ...
@ColinKinner
Global growth potential
High growth
potential, national /
global focus
Modest
growth, domestic
focus
Lifestyl...
@ColinKinner
NOT Scalable
Costs
Revenues
$
time
@ColinKinner
Scalable
$
Costs
Revenues
time
@ColinKinner
WHY DO A STARTUP?
@ColinKinner
Disruption
@ColinKinner
Massive global markets
April 2012
700 million registered users
40 million concurrent users
8 million paying u...
@ColinKinner
@ColinKinner
Low barrier to entry
“Heavy”
software
“Light” software
/ apps
1980’s 1990 2000 2010
Networking
infrastructure...
@ColinKinner
@ColinKinner
@ColinKinner
@ColinKinner
@ColinKinner
@ColinKinner
WHY DO A STARTUP NOW?
@ColinKinner
@ColinKinner
@ColinKinner
HOW TO COME UP WITH A
KILLER STARTUP IDEA
@ColinKinner
1. Notice things that suck, and think of ways
to make them better.
2. If something bugs you, it might also bu...
@ColinKinner
What makes a good startup idea?
• You understand the problem
• You can think of a better solution
• You can b...
@ColinKinner
Startup idea #9:
- Online community for neighbourly
interactions
- Peer-to-peer sharing of resources
- Discou...
@ColinKinner
Startup idea #16:
- Crowdsource professional photography
- Unlock the millions of images sitting on pro
photo...
@ColinKinner
NDAs
@ColinKinner
THE BRISBANE STARTUP
ECOSYSTEM
@ColinKinner
Education
Incubators
Angel
investors
Venture capital
Corporates
Service
providers
Government
Co-founders
STAR...
@ColinKinner
@ColinKinner
@ColinKinner
@ColinKinner
@ColinKinner
@ColinKinner
@ColinKinner
@ColinKinner
@ColinKinner
@ColinKinner
Incubators and co-working spaces
@ColinKinner
@ColinKinner
@ColinKinner
FUNDING FOR STARTUPS
@ColinKinner
Where do startups raise money?
@ColinKinner
@ColinKinner
@ColinKinner
@ColinKinner
Crowd-funding
@ColinKinner
@ColinKinner
@ColinKinner
@ColinKinner
@ColinKinner
@ColinKinner
@ColinKinner
STARTUP CHALLENGES
@ColinKinner
7%
@ColinKinner
Australian startup founders by educational background
University of New South Wales
University of Technology ...
@ColinKinner
@ColinKinner
Angel investment activity per capita
968
$84
Number of angel
investors per million of
population
Amount inves...
@ColinKinner
Availability of venture capital
Australia $4.09 ($90m total in 2012)
Australia 2012 Olympic Games preparation...
@ColinKinner
Just do it
@ColinKinner
Thank you
Colin Kinner
email colin@spikeinnovation.com.au
www.spikeinnovation.com.au
@ColinKinner
http://au.l...
@ColinKinner
Interested in helping kids learn to code?
Sign up as a mentor!
ACS Young IT Group - 24 Sept 2013
ACS Young IT Group - 24 Sept 2013
ACS Young IT Group - 24 Sept 2013
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  • CurrentDirector, Spike InnovationMentor - River City Labs, PushStart, Commercialisation AustraliaAdvisory board, CohortpayPastCEO, iLab IncubatorCommercialisation - UQ, QUTHead of Funds Management, Imperial College LondonBSc(Hons) – chemistry (UQ)MBA (Deakin)
  • Question: How many of you plan to do a startup?
  • Can anyone think of an example?
  • Can anyone think of an example?
  • Software is eating the world – Marc Andreesen – Founder of Netscape. Now partner at Andreesen Horowitz
  • Skype Founded in Sweden in 2003Acquired by Microsoft in 2011 for $8.5 billionIt’s not just about digital businesses. . . Although internet presents a major opportunity that startups are aggressively tackling.There are 2.3 billion internet users globally. This represents a potential market of 2 billion customers that’s just as accessible from Brisbane as it is from Silicon Valley.Nearly 30% of internet users are in China and India – and still only 37% of the population is online.
  • Get all workshop participants to draw where their web site sits on the scale and where they commit to getting it by 24 April. [-------------X--------------------------------Y-------------------------] Crap Awesome
  • Transcript of "ACS Young IT Group - 24 Sept 2013"

    1. 1. HIGH-GROWTH STARTUPS (AND WHY YOU SHOULD START ONE TODAY!) Young IT Group 25 Sept 2013 Colin Kinner
    2. 2. @ColinKinner Background
    3. 3. @ColinKinner WHAT IS A STARTUP?
    4. 4. @ColinKinner Startup = young, high growth company Technology startup = startup in which technology is central to the product or service being provided
    5. 5. @ColinKinner Global growth potential High growth potential, national / global focus Modest growth, domestic focus Lifestyle / micro-business Potentialvalueofcompany <$1m $1-5m $5-100m >$100m Number of companies Scalable startups
    6. 6. @ColinKinner NOT Scalable Costs Revenues $ time
    7. 7. @ColinKinner Scalable $ Costs Revenues time
    8. 8. @ColinKinner WHY DO A STARTUP?
    9. 9. @ColinKinner
    10. 10. Disruption
    11. 11. @ColinKinner Massive global markets April 2012 700 million registered users 40 million concurrent users 8 million paying users $860 million annual revenues
    12. 12. @ColinKinner
    13. 13. @ColinKinner Low barrier to entry “Heavy” software “Light” software / apps 1980’s 1990 2000 2010 Networking infrastructure Computer hardware Processors $20m <$100k$50m$50m$100m Capital required
    14. 14. @ColinKinner
    15. 15. @ColinKinner
    16. 16. @ColinKinner
    17. 17. @ColinKinner
    18. 18. @ColinKinner
    19. 19. @ColinKinner WHY DO A STARTUP NOW?
    20. 20. @ColinKinner
    21. 21. @ColinKinner
    22. 22. @ColinKinner HOW TO COME UP WITH A KILLER STARTUP IDEA
    23. 23. @ColinKinner 1. Notice things that suck, and think of ways to make them better. 2. If something bugs you, it might also bug 100 million other people. 3. Some of those people might pay for a better solution.
    24. 24. @ColinKinner What makes a good startup idea? • You understand the problem • You can think of a better solution • You can build the solution • Few others have realised it’s worth doing Live in the future, then build what's missing. Paul Graham, Y Combinator
    25. 25. @ColinKinner Startup idea #9: - Online community for neighbourly interactions - Peer-to-peer sharing of resources - Discounts on travel-intensive service providers tradies - Monetise via subscription and advertising
    26. 26. @ColinKinner Startup idea #16: - Crowdsource professional photography - Unlock the millions of images sitting on pro photographers’ hard drives (ie. not searchable) - Advertisers Corporates post briefs to photographers who can submit existing images
    27. 27. @ColinKinner NDAs
    28. 28. @ColinKinner THE BRISBANE STARTUP ECOSYSTEM
    29. 29. @ColinKinner Education Incubators Angel investors Venture capital Corporates Service providers Government Co-founders STARTUPS
    30. 30. @ColinKinner
    31. 31. @ColinKinner
    32. 32. @ColinKinner
    33. 33. @ColinKinner
    34. 34. @ColinKinner
    35. 35. @ColinKinner
    36. 36. @ColinKinner
    37. 37. @ColinKinner
    38. 38. @ColinKinner
    39. 39. @ColinKinner Incubators and co-working spaces
    40. 40. @ColinKinner
    41. 41. @ColinKinner
    42. 42. @ColinKinner FUNDING FOR STARTUPS
    43. 43. @ColinKinner Where do startups raise money?
    44. 44. @ColinKinner
    45. 45. @ColinKinner
    46. 46. @ColinKinner
    47. 47. @ColinKinner Crowd-funding
    48. 48. @ColinKinner
    49. 49. @ColinKinner
    50. 50. @ColinKinner
    51. 51. @ColinKinner
    52. 52. @ColinKinner
    53. 53. @ColinKinner
    54. 54. @ColinKinner STARTUP CHALLENGES
    55. 55. @ColinKinner 7%
    56. 56. @ColinKinner Australian startup founders by educational background University of New South Wales University of Technology Sydney University of Sydney University of Melbourne Macquarie University Monash University Australian Graduate School of Management University of Wollongong RMIT University Swinburne University of Technology Queensland University of Technology Australian National University Curtin University of Technology University of Western Australia University of Adelaide Index: University of New South Wales = 100
    57. 57. @ColinKinner
    58. 58. @ColinKinner Angel investment activity per capita 968 $84 Number of angel investors per million of population Amount invested by angels nationally (A$ per capita per annum) Sources: HALO Report, Angel Resource Institute, Angel Capital Association, Angel Investment Network, AAAI members 14 $0.95 91 $5.70 AU NZ AU NZ
    59. 59. @ColinKinner Availability of venture capital Australia $4.09 ($90m total in 2012) Australia 2012 Olympic Games preparation $14.10 ($310m total) Melbourne Cup bets $9.09 ($200m total) $ VC invested per capita $3,945Silicon Valley Sources: US National Venture Capital Association, European Private Equity and Venture Capital Association, Israel Venture Capital Research Centre, AVCAL, NZVCA, UN New Zealand This is a big problem This is a big opportunity
    60. 60. @ColinKinner
    61. 61. Just do it
    62. 62. @ColinKinner Thank you Colin Kinner email colin@spikeinnovation.com.au www.spikeinnovation.com.au @ColinKinner http://au.linkedin.com/in/colinkinner
    63. 63. @ColinKinner Interested in helping kids learn to code? Sign up as a mentor!
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