Welcome in Czechoslovakia. Any startups here? Jan Horna
What has determined us <ul><li>40 years of  communism  damaged our DNA </li></ul><ul><li>Less responsibility,  low  self-c...
Czechs online <ul><li>A very  isolated   market </li></ul><ul><li>Google is not No. 1 in search (only 32% market share) </...
It’s all about people <ul><li>The major local geek events have been organized by  Jack DeNeut  (Minnesota) </li></ul><ul><...
Local startup scene <ul><li>Many ideas, mostly focused to the  local  market </li></ul><ul><li>Poor execution and monetiza...
Angels, investors, VC <ul><li>Currently investing in existing revenue models or valuable market shares </li></ul><ul><li>H...
Show me the   (better)   money <ul><li>We need money for great  people  or great ideas (ideally for great people with grea...
What startups need <ul><li>More  excitement , devotion and  innovation </li></ul><ul><li>Reach out to the  global  market ...
My questions <ul><li>Are the investors from the Valley  ready to invest  in this region? </li></ul><ul><li>What are the  k...
ja n horna Gmail Twitter F riend F eed Facebook L inkedIn Skype Contact
Upcoming SlideShare
Loading in …5
×

Welcome in Czechoslovakia. Any startups here?

2,376 views
2,317 views

Published on

A technology startup in Czech Republic? Are you kidding me? :)

Published in: Technology, Business
0 Comments
4 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
2,376
On SlideShare
0
From Embeds
0
Number of Embeds
1,376
Actions
Shares
0
Downloads
5
Comments
0
Likes
4
Embeds 0
No embeds

No notes for slide

Welcome in Czechoslovakia. Any startups here?

  1. 1. Welcome in Czechoslovakia. Any startups here? Jan Horna
  2. 2. What has determined us <ul><li>40 years of communism damaged our DNA </li></ul><ul><li>Less responsibility, low self-confidence and self-esteem </li></ul><ul><li>Cooperating is something we need to learn </li></ul><ul><li>„ Socializing” has a negative connotation </li></ul>
  3. 3. Czechs online <ul><li>A very isolated market </li></ul><ul><li>Google is not No. 1 in search (only 32% market share) </li></ul><ul><li>Seznam .cz leads with cca 60% share </li></ul><ul><li>1.5 million Czechs on Facebook </li></ul>
  4. 4. It’s all about people <ul><li>The major local geek events have been organized by Jack DeNeut (Minnesota) </li></ul><ul><li>Who ’ s got the most followers on Twitter in CZ? Robert Morrison AKA @PragueBob </li></ul><ul><li>There’s an exception: Roman Stan e k (founder of NetBeans, Systinet, Good Data). He moved to S an F rancisco this year ; -) </li></ul>
  5. 5. Local startup scene <ul><li>Many ideas, mostly focused to the local market </li></ul><ul><li>Poor execution and monetization </li></ul><ul><li>Smart and intelligent workforce </li></ul><ul><li>You can build companies on cheap </li></ul><ul><li>Lack of leadership and management skills </li></ul>
  6. 6. Angels, investors, VC <ul><li>Currently investing in existing revenue models or valuable market shares </li></ul><ul><li>Hard to secure an investment for early-stage companies </li></ul><ul><li>Because everybody is afraid of the failure (typical in Europe) </li></ul>
  7. 7. Show me the (better) money <ul><li>We need money for great people or great ideas (ideally for great people with great ideas) </li></ul><ul><li>Central and Eastern Europe is a high-risk zone so investors should implement tight-control mechanisms </li></ul><ul><li>But then they can expect a higher ROI </li></ul>
  8. 8. What startups need <ul><li>More excitement , devotion and innovation </li></ul><ul><li>Reach out to the global market </li></ul><ul><li>Don’t stay in vacuum (=Central Europe) and get connected to the Valley </li></ul><ul><li>Building web services needs a lot of knowledge today </li></ul><ul><li>Founders willing to risk and succeed </li></ul>
  9. 9. My questions <ul><li>Are the investors from the Valley ready to invest in this region? </li></ul><ul><li>What are the key criteria for receiving the funding? </li></ul><ul><li>What do investors expect from local entrepreneurs? </li></ul>
  10. 10. ja n horna Gmail Twitter F riend F eed Facebook L inkedIn Skype Contact

×