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"
(AND WHY YOU SHOULD START ONE TODAY!)
Young IT Group
25 Sept 2013
Startup = young, high growth company
Technology startup = startup in which
technology is central to the product or service
Global growth potential
potential, national /
Number of companies
HOW TO COME UP WITH A
KILLER STARTUP IDEA
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
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
Startup idea #9:
- Online community for neighbourly
- Peer-to-peer sharing of resources
- Discounts on travel-intensive service
- Monetise via subscription and advertising
Startup idea #16:
- Crowdsource professional photography
- Unlock the millions of images sitting on pro
photographers’ hard drives (ie. not
- Advertisers Corporates post briefs to
photographers who can submit existing
Australian startup founders by educational background
University of New South Wales
University of Technology Sydney
University of Sydney
University of Melbourne
Australian Graduate School of Management
University of Wollongong
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
Angel investment activity per capita
Number of angel
investors per million of
by angels nationally
(A$ per capita
Sources: HALO Report, Angel Resource Institute, Angel Capital Association, Angel Investment Network, AAAI members
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
Sources: US National Venture Capital Association, European
Private Equity and Venture Capital Association, Israel Venture
Capital Research Centre, AVCAL, NZVCA, UN
This is a big problem
This is a big opportunity