An Overview of Internet Startups and Entrepreneurship

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This presentation is a about a light and personal overview of success histories, challenges, opportunities, methodologies and recommendations that may be relevant to …

This presentation is a about a light and personal overview of success histories, challenges, opportunities, methodologies and recommendations that may be relevant to people/professionals/students/entrepreneurs that are trying to create new ideas, products and business models that heavily use information and communication technologies (ICT) in the new era of information where there are more than two billions of people connected to the Internet and where there are emerging technologies that will continue changing the world in the near future.

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  • 1. Mario José Villamizar Cano, M.Sc. Instructor Professor, Universidad de Los Andes mj.villamizar24@uniandes.edu.co An Overview of Internet Startups and Entrepreneurship @mariocloud Co-founder/CTO in @GiftCode and @TiendaCloud. August 2013
  • 2. Marzo 2012
  • 3. We Live in a World Where There Are Billion of People (and Things) Connected to the Internet
  • 4. Entrepreneurs that Have Changed The Lives of Millions/Billions of People These Companies Have Changed The Habits of Billions of People. New Competitors and Entrepreneurs will Create Disruption in More Industries. Fast Company Oct. 2011
  • 5. We Live in a New Era With Revolutionary Technologies, Created by Entrepreneurs
  • 6. Scalable Ideas and Business Models are Changing (and Will Change) The World
  • 7. Some Examples of Small Ideas that Now Are Million/Billion Dollar Businesses
  • 8. Zappos.com – The Best Experience to Buy Shoes Online TechCrunch - Nov. 2009
  • 9. Fab.com – The Website to Buy Exclusive Design Items TechCrunch - Jul. 2012
  • 10. Hailo – The Best Way to Get a Cap TechCrunch - Mar. 2012
  • 11. Dafiti – Zappos for Latin America TechCrunch - Dec. 2012
  • 12. Wehostels – The Easiest Way to Reserve a Hostel from Your Mobile Device TechCrunch - Mar. 2012
  • 13. LasPartes.com – An Smart Way to Maintain Your Vehicle PulsoSocial - Mar. 2013
  • 14. Grooveshark – Access Your Music From Any Device
  • 15. Lenddo – The Best Way to Get Money Based On Your Online Reputation TechCrunch - May. 2012
  • 16. Onswipe – Content Creators Can Provide Adaptive Content to Touch Devices TechCrunch - Jun. 2011
  • 17. Internet Will Continue Changing New Industries
  • 18. Internet Entrepreneurs are Changing Traditional Industries
  • 19. Traditional Industry
  • 20. Internet Industry
  • 21. Traditional Industry
  • 22. Internet Industry
  • 23. Entrepreneurship – A Way to Live, Learn and Access to New Failures and Opportunities Improve Traditional Industries Create Disruption and Change/Eliminate Traditional Industries
  • 24. How an Internet Startup Begin? With a Simple Idea or Problem
  • 25. How an Internet Startup Begin? With a Simple Idea or Problem • A Problem You or A Friend Has • A Problem Someone Has • A Problem a Customer Has • An Opportunity You See • A Crazy Idea
  • 26. One of The Problem of Being an Entrepreneur 98% of Internet Startups Fail
  • 27. Entrepreneurial Skills • Passion • Conviction • Leadership • Obsession • Risk Tolerance • Optimism • Vision • Initiative • Persistence • Resiliency • Motivation Skill • Communication Skills • Learn to Listen • Networking • Negotiation • Creative Thinking • Problem Solving • Recognize Opportunities • Decision Making …… AND PRACTICE AND EXPERIENCE
  • 28. My Story as an Entrepreneur My First Trip to Silicon Valley (2011)
  • 29. My Story as an Entrepreneur GiftCode.co Problem: Send a Plastic GiftCard Takes a Lot of Time/Money www.giftcode.co
  • 30. My Story as an Entrepreneur TiendaCloud.co Problem: Find and Compare Cloud Solutions is Difficult and Time Consuming - www.tiendacloud.co
  • 31. A Traditional Entrepreneur A Business Plan to N Years
  • 32. Lean Startup and Customer Development Problems with The Business Model Taking several weeks or months to write a 60-page business plan largely built on untested hypotheses is a form of waste. Waste is any human activity which absorbs resources but creates no value. —James P. Womak and Daniel T. Jones, Lean Thinking (Free Press)
  • 33. Lean Startup and Customer Development Speed, Learning, and Focus Identify a Single Key Metric or Goal Do the Smallest Thing Possible to Learn
  • 34. Lean Startup and Customer Development Get Out of The Building
  • 35. Lean Startup and Customer Development Build The MVP or Prototype
  • 36. Lean Startup and Customer Development Startup Metrics
  • 37. The Team Product Development Business Development Community Manager Marketing Finances Legal and IP Selling
  • 38. Lean Startup and Customer Development What is a Startup?
  • 39. Lean Startup and Customer Development What is a Business Model?
  • 40. Lean Startup and Customer Development The Lean Canvas
  • 41. Lean Startup and Customer Development Customer Validation
  • 42. Lean Startup and Customer Development The Lean Canvas Customers don’t care about your solution. They care about their problems. —Dave McClure, 500 Startups
  • 43. Lean Startup and Customer Development The Three Stages of a Startup
  • 44. Lean Startup and Customer Development The Three Stages of a Startup Key question: Do I have a problem worth solving? Determining whether you have a problem worth solving before investing months or years of effort into building a solution (that no body wants). • Is it something customers want? (must-have) • Will they pay for it? If not, who will? (viable) • Can it be solved? (feasible)
  • 45. Lean Startup and Customer Development The Three Stages of a Startup Key question: Have I built something people want? Once you have a problem worth solving and your MVP has been built, you then test how well your solution solves the problem. Achieving traction or product/market fit is the first significant milestone for a startup.
  • 46. Lean Startup and Customer Development The Three Stages of a Startup Key question: How do I accelerate growth? After product/market fit, some level of success is almost always guaranteed. Your focus at this stage shifts toward growth, or scaling your business model.
  • 47. Lean Startup and Customer Development Before and after product/market fit
  • 48. Lean Startup and Customer Development Where Does Funding Fit into All This? Traction is a measure of your product’s engagement with its market. Investors care about traction over everything else. —Nivi and Naval, Venture Hacks
  • 49. Lean Startup and Customer Development Speed, Learning, and Focus
  • 50. Lean Startup and Customer Development Lean Canvas Example
  • 51. Once Validated the Problem What is the Next Step? Family Funds Bootstrapping Angel Investors Venture Capitals Accelerators Government
  • 52. What is More Important to Be a Successful Entrepreneur: Begin to Learn and Practice
  • 53. Valuation of Internet Companies
  • 54. Angel Investors
  • 55. Venture Capitals
  • 56. Disadvantages of Colombia
  • 57. Failures are Very Important to Succeed
  • 58. Motivation, Conviction and Passion Are Very Important
  • 59. Motivation, Conviction and Passion Are Very Important IT IS NOT AN EASY WAY, BUT IT IS NOT IMPOSSIBLE
  • 60. Mario José Villamizar Cano, M.Sc. Instructor Professor, Universidad de los Andes mj.villamizar24@uniandes.edu.co Internet Startups and Entrepreneurship Thanks for Your Attention!!! @mariocloud