How to compete with Silicon Valley from Russia


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Think the next hot Internet company has to come from Silicon Valley?

Think again… with the level of engineering talent in Russia and the global distribution opportunities, there’s no reason you can’t build it. Chat Roulette, Cut the Rope and LogMeIn are great examples of homegrown worldwide hit products. Don’t think me-too, think about the next great technology. Learn about the important drivers of successful Internet products: design, data, and distribution.

Chris Schultz, Peter Bodenheimer and the Flatstack team talk about what they look for when investing in startups and what can help drive your success.

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How to compete with Silicon Valley from Russia

  1. 1. How to compete with Silicon Valley from RussiaКак конкурировать с Силиконовой долиной из России DESIGN. DATA. DISTRIBUTION. * * lifted from Dave McClure’s 500 Startups
  2. 2. Chris Schultz Peter Bodenheimer@cschultz @pbodenheimer We love startups! Мы любим стартапы!
  3. 3. Silicon Valley Silicon Valley The accelerator / incubator ecosystemBoulder, Boston, NY, Seattle New Orleans plus many more London, Berlin, Tel Aviv, Prague, Barcelona
  4. 4. There are two schools of thought:1. you should be in Silicon Valley2. you can create a successful startup anywhere
  5. 5. Silicon Valley 1.“ The difference between cities is a matter of degree. And if, as nearly everyone who knows agrees, startups are better off in Silicon Valley than Boston, then theyre better off in Silicon Valley than everywhere else too. - Paul Graham Y Combinator
  6. 6. 2.“ We travel by planes, trains, and automobiles to the most exciting international startup scenes with the sole mission of uniting geeks and exploring cross-border opportunities. The result: a lifelong bond with fellow travelers, a wealth of new friends and business contacts in exploding technology markets, and a stronger appreciation for the cultural and economic ties that bind us globally. - Dave McClure 500 Startups & Geeks on a Plane
  7. 7. 5 components of a successful startup ecosystem1. Long View – a 20 year timeline2. Entrepreneurial Leaders – it must be led by entrepreneurs – cannot be led by government, non-profits, big companies,VCs, lawyers, accountants, economic development, universities3. Fresh Meat - need new talent all the time – college graduates & people moving in4. Engaging Activities – engage the entrepreneurial community from top to bottom – startup to serial entrepreneurs – get all involved5. Repeat – must have a rhythm, must have a beat that last through economic cycles - Brad Feld Foundry Group & TechStars
  8. 8. What Silicon Valley has...• Access to Capital• Talent• Experienced Entrepreneurs• Culture of Accepting Failure• Big Dreams
  9. 9. Silicon Valley“ Wufoo was based in Tampa and they succeeded. But the Wufoos are exceptionally disciplined. - Paul Graham Y Combinator
  10. 10. If these guys succeeded outside the Valley, so can you. Chicago Moscow Finland Budapest
  11. 11. What matters? DESIGN. DATA. DISTRIBUTION. ** perspective from Dave McClure’s 500 Startups
  12. 12. DESIGN. DATA. DISTRIBUTION. *Great design is acompetitive advantage.
  13. 13. DESIGN. DATA. DISTRIBUTION. *The web is exploding with data.Leverage it to win. Opportunities in: • storage • e-commerce • advertising • social all leveraging the data-driven web
  14. 14. DESIGN. DATA. DISTRIBUTION.If no-one knows about your app,does it exist? 3 core distribution strategies • SEO • Paid Advertising • Virality
  15. 15. The bottom line.If we can do it in New Orleans,you can build a startup ecosystem in Kazan.
  16. 16. Chris Schultz Peter Bodenheimer @cschultz @pbodenheimer Stay in touch! Будь в курсе! 2012 applicationsWe’re hiring! open in