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Startup Roots Singapore - Global Fellows Program
Startup Roots Singapore - Global Fellows Program
Startup Roots Singapore - Global Fellows Program
Startup Roots Singapore - Global Fellows Program
Startup Roots Singapore - Global Fellows Program
Startup Roots Singapore - Global Fellows Program
Startup Roots Singapore - Global Fellows Program
Startup Roots Singapore - Global Fellows Program
Startup Roots Singapore - Global Fellows Program
Startup Roots Singapore - Global Fellows Program
Startup Roots Singapore - Global Fellows Program
Startup Roots Singapore - Global Fellows Program
Startup Roots Singapore - Global Fellows Program
Startup Roots Singapore - Global Fellows Program
Startup Roots Singapore - Global Fellows Program
Startup Roots Singapore - Global Fellows Program
Startup Roots Singapore - Global Fellows Program
Startup Roots Singapore - Global Fellows Program
Startup Roots Singapore - Global Fellows Program
Startup Roots Singapore - Global Fellows Program
Startup Roots Singapore - Global Fellows Program
Startup Roots Singapore - Global Fellows Program
Startup Roots Singapore - Global Fellows Program
Startup Roots Singapore - Global Fellows Program
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Startup Roots Singapore - Global Fellows Program

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Version 9 of our generic pitch deck, to build the EngineerList / DeveloperList of the world, via a non-profit, sustainable movement.

Version 9 of our generic pitch deck, to build the EngineerList / DeveloperList of the world, via a non-profit, sustainable movement.

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  • 1. Building  EngineerList,  the  Startup  Roots  Way For the community, by the community - one engineer at a time. Supercharging  emerging  tech  ecosystems,  one  engineer  at  a  time. 26  July  2011Tuesday, July 26, 11
  • 2. There’s  no  better  time  to  be  a   tech  startup  software  engineer...Tuesday, July 26, 11
  • 3. There’s  a  ferocious  war  for   talent  raging  on  in  Silicon  Valley.   Gold,    glory  and  girls  are  up   for  grabs!Tuesday, July 26, 11
  • 4. NO T! But  only  if  Uncle  Sam  loves  you  your  country.Tuesday, July 26, 11
  • 5. What  matters  most?Tuesday, July 26, 11
  • 6. People!Tuesday, July 26, 11
  • 7. The                      problem  does  not  lie  with   funding. Good  money  goes  after  good  people.Tuesday, July 26, 11
  • 8. Startup-­‐friendly  software  engineers  are   a  unique,  minority  breed. good-­‐quality  code  fast  >  great  code  slowly ;it  &  alignment  w.r.t.  risk,  vision,  commitment,  personality able  to  work  with  little  direction  and  deal  with  ambiguity fast  and  adaptableTuesday, July 26, 11
  • 9. We  focus  on  software  engineers   because  they  are  the  leaders  of   innovation  on  the  internet. Mark  Zuckerberg  =  engineer  (100%) Sergey  Brin  &  Larry  Page  =  engineers  (100%) Jack  Dorsey  &  Ev  Williams  =  engineers  (66%) It’s  easy  to  hire  MBAs  to  tell  a  tech  startup  how  to  make   money  once  it  has  users,  rather  than  vice  versa.Tuesday, July 26, 11
  • 10. Production  or  conversion  of  talent   via  education  cannot  happen  quick   enough. g din fun y New  model  needed  to   idit liqu create  sustainable   y vit cti pipeline  of  smart  &   du startup-­‐friendly   ro r  p software he engineers hig , ages high  w v e  from et, , mo t rk ers  Stree   ma g ine Wall e nt l y  en fro m   t al nd ert   H ot -­‐frie  conv up r art y  o f  st  Valle e  o t ag the S hor ec osystem h at + of esh  blood” exits de Lack  of  “fr =  Tuesday, July 26, 11
  • 11.            Overview Derrick  Ko James  Chan Zai  Zhuang Software  Engineer,   Investment  Manager,   Product  Manager,  Anafore Pivotal  Labs Neoteny  Labs • Singapore  chapter   • At  end  of  program,   of  parent  chapter   fellows  either  join   in  Silicon  Valley startups,  go  back   to  school  or  are   inspired  to  start   • Fellowship   new  companies program  for  elite   software   • Platform  to   connect  curated   • Intern  for  10   list  of  talent  with   weeks  at  best   curated  list  of   startups  in   startups Singapore • To  date,  8  speaker   • Interns  are   series  ([ireside   selected  for  quality   chats)  have  been   with  process  akin   organized,  with   to  typical  startup   strong  attendance   • During  fellowship,  fellows   • Access  to  tech  events   recruitment and  advisers by  community attend  regular  Speaker  Series   for  added  perspectives  &   exposureTuesday, July 26, 11
  • 12. Inaugural  Startup  Roots  SG  Fellows • 10  weeks  from  May  2011 • Applications -­‐ 60+  applications  from  NUS,  NTU  and  SMU -­‐ 8  accepted,  of  which  6  joined  as  fellows  (10%) • Startups:  25  participating,  of  which  5  accepted  fellows • Speaker  Series -­‐ 8  sessions  held  as  of  26  July  2011 -­‐ Guest  speakers  include  experienced  investors  (Joi  Ito),  entrepreneurs  (Darius   Cheung,  Derek  Sivers)  and  engineers  (Carl  Coryell-­‐Martin,  Bunnie,  Ian   McFarland,  Jeff  Jonas) • Feedback -­‐ Fellows  are  loving  the  experience;  will  spread  the  word  to  their  peers -­‐ Startups  are  asking  if  we  have  more  where  they  (fellows)  came  from -­‐ Community  is  saying  they  can  see  very  positive  changes  in  fellowsTuesday, July 26, 11
  • 13. My  Paper  -­‐  25  Jul  2011Tuesday, July 26, 11
  • 14. Talks,  Networking Fun  &  CamaraderieTuesday, July 26, 11
  • 15. While  encouraging,  current  model  lacks  momentum Singapore-­‐based  talent  source  limited;  net  needs  to  be  cast  wider;   model  needs  to  be  scaled  up  for  full  potential  to  be  realizedTuesday, July 26, 11
  • 16. In  designing  Startup  Roots’  Engineer-­‐in-­‐Residence   initiative,  we  drew  inspiration  from  near  and  far. Social  Engineering  Guru We  attempted  to  crystallize  the  best  of  all  worlds,  to  achieve  win-­‐ win-­‐win  for  all  stakeholders  involved.Tuesday, July 26, 11
  • 17. • To  fellows,  Startup  Roots  Engineer-­‐in-­‐Residence  is... -­‐ On-­‐the-­‐job  technical  training -­‐ Startup  work  experience  &  exposure;  see  what  works,  what  doesn’t -­‐ Excuse  to  come  to  Singapore  for  3  months  and  check  Asia  out • To  startups,  Startup  Roots  Engineer-­‐in-­‐Residence  is... -­‐ Reverse  recruitment  network -­‐ Risk  mitigation  of  potential  new  hires -­‐ Cost-­‐eficient  source  of  talent • To  ecosystem,  Startup  Roots  Engineer-­‐in-­‐Residence  is... -­‐ A  way  to  get  involved,  contribute,  give  back -­‐ By  the  community,  for  the  community -­‐ Source  of  new  human  capital,  possibly  even  new  deal  lowTuesday, July 26, 11
  • 18. Startup  Roots  Engineer-­‐in-­‐Residence Select  &  award   3  batches  /  yr: prestigious   Spring Outcome  1: Summer At  worst,  we’ll   fellowship  that   Fellow  gets  hired   solve  the  hiring   comes  with   Fall by  participating   problem  faced   cash startup by  startups. 3  x  10  weeks Startup  Roots Outcome  2: Singapore   Fellow  goes  back  to   Future   Fellowship school  or  back  to   evangelists   home  country for  platform +   Speaker  Series Outcome  3: Fellow  Minds  co-­‐ Feed  early-­‐stage   Global  fellow  spends  3   months  with  1  startup;   founder  in  other   deal  [low  to  angels.   fellow  or  from   venture  investors   startup  “job  fair”   matchmaking ecosystem,  starts   and  incubators  in   new  company ecosystemTuesday, July 26, 11
  • 19. Early  Talent  Distribution  has  been  built and  around  the  world: • Other  tech  universities • Hackerspaces • Geek  events  like  Pycon,  Rubyconf,   Barcamp,  etc • Any  country  with  good  concentration   of  software  engineers  (ready  for  hire)Tuesday, July 26, 11
  • 20. Engineer-­‐in-­‐Residence  Fellowship • Per  Fellow -­‐ Fellowship  cash  of  S$7,500  in  total  for  3  months -­‐ Startup  pays  them  a  minimum  recommended  monthly  stipend -­‐ Startup  repays  S$10,000  if  Fellow  gets  hired;  recycled  into   fellowship  kitty • Fundraising • Minimum:  S$500,000  to  bootstrap  66  fellows • Ideal:  S$1,000,000  for  more  fellows  +  operating  budget • Sources:  private  individuals,  foundations  and  public   stakeholdersTuesday, July 26, 11
  • 21. Options  for  longer-­‐term  Sustainability • “First-­‐look”  round -­‐ $15,000  per  company  per  batch  of  fellows -­‐ If  fellow  is  hired  during  irst-­‐look,  company  pays  greater  of  (3  x  monthly   gross  x  #  hired  less  S$15,000)  or  nothing  (if  prior  computation  is  ≤$15k) -­‐ If  fellow  is  selected  for  internship,  and  hired  after  10  weeks,  no  extra  fee   needed -­‐ “Willing-­‐buyer,  willing-­‐seller” • “Main”  round • Company  that  paid  for  irst-­‐look  and  didn’t  ind  a  match  will  join  rest  of   companies  in  main  round;  2nd  chance • Participating  company  that  didn’t  pay  for  irst-­‐look  repays  $10,000  for  each   fellow  it  hires • Voluntary  Pledge  by  Fellows:  $X  or  Y%  of  $Z  cap  gains  over  career • 25%  of  pledge  from  each  fellow  put  back  into  common  pool,  split  equally   with  every  fellow  past,  present  and  future • Or  pledged  back  for  more  fellowships!Tuesday, July 26, 11
  • 22. In  a  nutshell,  Startup  Roots  Engineer-­‐in-­‐ Residence  is... • A  means  to  systematically  groom  and  maximize  high-­‐ potential  talent  in  software  engineering; • A  sustainable  platform  to  concentrate  smart  passionate   and  hungry  individuals  in  a  single  city; • “Mechanization  of  serendipity”; • The  red  pill  for  life’s  rat  race  that  is  our  Matrix; • An  investment  in  individuals,  with  a  good  chance  to   become  a  self-­‐forming  Foundation  over  10  -­‐  25  years;  and • The  source  for  awesome  startup-­‐friendly  engineers  =   EngineerList  of  the  world!Tuesday, July 26, 11
  • 23. Why  this  is  important • Asia  is  the  future.  Singapore  is  a  good  testbed  for  an   alternative  model,  with  its  Blexible  pro-­‐talent   immigration  policy,  concentration  of  budding  &  good   tech  startups  and  high  quality  of  life; • In  under  2  years,  we  think  we’ll  have  (outside  of  the   Valley)  the  best  source  of  smart  startup  friendly  hackers; • Global  virality:  Fellows  build  startups  in  Singapore  or   spread  the  movement  to  their  home  city;  and • A  model  for  emerging  tech  ecosystems  around  the   world!Tuesday, July 26, 11
  • 24. Call  to  Action • [Ideation  reDinement]  Do  you  believe  in  this  model?  Are   there  ways  to  improve  this  further? • [Investment]  Would  you  consider  contributing  $  (however   little  or  much)  to  our  Global  fellowship,  to  help  us  build   EngineerList? • [Investor  referral]  Do  you  know  of  stakeholders  who   would  see  value  in  this  and  consider  “investing”  in  the  non-­‐ proit  fellowship? • [Distribution]  Do  you  know  of  interesting  pockets  of  talent   that  we  can  tap  on? • [Grassroot  action]  Can  you  help  us  spread  the  word?Tuesday, July 26, 11

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