Adaptive ExcellenceTalent at Technology StartupsFriday, April 19, 13
Startups with better management teams...Perform Better, attract more capital, get to revenues faster, create morejobs and ...
So, What Does It Look Like?Friday, April 19, 13At JumpStart, we conducted a 6-month research project to learn…1. What are ...
Previous Success Matters MostEntrepreneurs who have lead a previous startup to an IPO have a 30%chance of repeat success (...
No Idea? No Problem.Friday, April 19, 13So much so that VCs will back established entrepreneurs who don’t have a business ...
What About Rookies?Friday, April 19, 13What if both the idea AND the entrepreneur are unproven?Most NEO entrepreneurs are ...
Adaptive ExcellenceFriday, April 19, 13Dissecting previously successful entrepreneurs, we found a pattern of rapid adaptat...
A demonstrated pattern of achievingexcellent results across distinct, variedpursuits:Distinct/Varied shows that the person...
Kevin BernerWestpoint GraduateRetired at rank of MajorPhD in Economics MITPartner at MckinseyFounded Logos Energy, raised ...
John KnificAccepted into CWRU Med School asundergradInternational jazz pianistFounded CG in collegeRaised $1.3MNow has over...
What Adaptive Excellence Is NOTFriday, April 19, 13Adaptive Mediocrity – adaptability with mediocre results = ADD
What Adaptive Excellence Is NOTFriday, April 19, 13Linear ExcellenceWhat happens when the rules of the game change or assu...
Adaptive Excellence in ActionFriday, April 19, 13http://www.jumpstartinc.org/Blog/peyton-manning-would-make-a-great-starup...
Adeo Ressi and Jordan Peterson, PhD of TheFounder Institute:Fluid Intelligence – novel context + rapid pattern recognition...
The PunchlineFriday, April 19, 13Only 2% of the population has these qualities in high concentration according to Ressi.Ki...
Mo’ money. Mo’ customers.Startups with helpful mentors, who track metrics effectively and learnfrom startup thought leader...
Friday, April 19, 13
Upcoming SlideShare
Loading in …5
×

Adaptive excellence presentation

412 views

Published on

Adaptive Excellence is a phrase that describes a set of behavioral characteristics that I believe are essential for success as an entrepreneur, or even an employee at a startup. More and more, I also believe that anyone entering the global, technology-driven, chaotic business world will require a certain level of adaptability to survive.

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

  • Be the first to like this

No Downloads
Views
Total views
412
On SlideShare
0
From Embeds
0
Number of Embeds
7
Actions
Shares
0
Downloads
4
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

Adaptive excellence presentation

  1. 1. Adaptive ExcellenceTalent at Technology StartupsFriday, April 19, 13
  2. 2. Startups with better management teams...Perform Better, attract more capital, get to revenues faster, create morejobs and have better odds of creating maximum wealth at exitHiring mistakes for startups can havedisastrous results.Why Does Talent Matter?Friday, April 19, 13While this may seem obvious, most startup founders (and even investors) focus on the product/technology way more than the team/org.
  3. 3. So, What Does It Look Like?Friday, April 19, 13At JumpStart, we conducted a 6-month research project to learn…1. What are the common characteristics of successful high-growth/tech entrepreneurs/teams2. What are talent/HR best practices specific to high-growth/tech companiesInterviewed 60 people – successful tech entrepreneurs, VC investors, HR/Recruiting experts
  4. 4. Previous Success Matters MostEntrepreneurs who have lead a previous startup to an IPO have a 30%chance of repeat success (vs. 18% with first-timers and 20% for teamswith previous startup experience but no exit)Series-B VC investors replace the founding CEO 50% of the timeWhat We LearnedFriday, April 19, 13
  5. 5. No Idea? No Problem.Friday, April 19, 13So much so that VCs will back established entrepreneurs who don’t have a business idea.VCs will incubate successful entrepreneurs who don’t have a business (EIR).
  6. 6. What About Rookies?Friday, April 19, 13What if both the idea AND the entrepreneur are unproven?Most NEO entrepreneurs are first-time founders, and even first-time managers of any sort.What do we look for in rookie founders (as well as employees at startups)?
  7. 7. Adaptive ExcellenceFriday, April 19, 13Dissecting previously successful entrepreneurs, we found a pattern of rapid adaptation in new situations as demonstrated by 3 DISTINCT examples of stand-outachievement.• Not always professional in nature
  8. 8. A demonstrated pattern of achievingexcellent results across distinct, variedpursuits:Distinct/Varied shows that the person steps outside of their comfortzone, takes risks, tries new thingsExcellent results demonstrates rapid learning in novel environmentsAt least 3 instances demonstrates a patternWhat is Adaptive Excellence?Friday, April 19, 13While this may seem obvious, most startup founders (and even investors) focus on the product/technology way more than the team/org.
  9. 9. Kevin BernerWestpoint GraduateRetired at rank of MajorPhD in Economics MITPartner at MckinseyFounded Logos Energy, raised $60 M +What It Looks LikeFriday, April 19, 13Doesn’t need to have previous entrepreneurial experience…
  10. 10. John KnificAccepted into CWRU Med School asundergradInternational jazz pianistFounded CG in collegeRaised $1.3MNow has over 60 customers, including6 of the top 10 performing arts schoolsWhat It Looks LikeFriday, April 19, 13Doesn’t need to come with ANY experience
  11. 11. What Adaptive Excellence Is NOTFriday, April 19, 13Adaptive Mediocrity – adaptability with mediocre results = ADD
  12. 12. What Adaptive Excellence Is NOTFriday, April 19, 13Linear ExcellenceWhat happens when the rules of the game change or assumptions prove to be wrong?
  13. 13. Adaptive Excellence in ActionFriday, April 19, 13http://www.jumpstartinc.org/Blog/peyton-manning-would-make-a-great-starup-ceo.aspx. 
  14. 14. Adeo Ressi and Jordan Peterson, PhD of TheFounder Institute:Fluid Intelligence – novel context + rapid pattern recognition, decision,executionOpenness – curiosity, willingness to pursue new experiencesWhat’s Going On Here?Friday, April 19, 13http://money.cnn.com/2010/07/28/technology/patzer_entrepreneurs/index.htmhttp://www.techcrunch.com/2011/05/28/peak-age-entrepreneurship/   Believes that FI can predict to 75% accuracy based on entrance exam
  15. 15. The PunchlineFriday, April 19, 13Only 2% of the population has these qualities in high concentration according to Ressi.Kinda makes sense. 1% of startups get funded by VCs and only 10% of those achieve desired results.
  16. 16. Mo’ money. Mo’ customers.Startups with helpful mentors, who track metrics effectively and learnfrom startup thought leaders raise 7x more money and have 3.5x betteruser growthStartups that pivot once or twice raise (but not three times) 2.5x moremoney, have 3.6x better user growthMore Support for AEFriday, April 19, 13http://blog.startupcompass.co/
  17. 17. Friday, April 19, 13

×