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7.1 startup genome
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7.1 startup genome

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A brief synopsis of the results of the Startup Genome project of 2012

A brief synopsis of the results of the Startup Genome project of 2012

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7.1 startup genome 7.1 startup genome Presentation Transcript

  • This presentation is made possible by the support of the American People through the United States Agency for International Development (USAID). The contents of this presentation are the sole responsibility of Rick Rasmussen and do not necessarily reflect the views of USAID or the United States Government. Global Startup Ecosystems The Startup Genome
  • Started as an academic project An attempt to identify and rank the top entrepreneurial economies in the world
  • Startup Genome Rankings http://image.slidesharecdn.com/7-140813102144-phpapp01/95/71-startup-genome-3-638.jpg?cb=1408574670
  • Ecosystem Metrics #1 Silicon Valley http://image.slidesharecdn.com/7-140813102144-phpapp01/95/71-startup-genome-4-638.jpg?cb=1408574670
  • Identifies total funding as late stage
  • Diversified Funding Sources
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  • Top 20 – A Global Distribution • 6 US cities, all in top 10 • 3 Canadian cities 9 total from North America • 3 cities in Europe – Plus Tel Aviv and Moscow • 2 in Asia – Bangalore and Singapore. – None in China (yet) • 2 in Latin America
  • Lessons extracted • All ecosystems are different • Measurement allows identification of strengths and weaknesses • Global ecosystems can be improved through community involvement
  • Challenges operating on a global stage • You’re competing with other ecosystems in other countries • Limited resources within your own country – Customers – Strategic Partnerships – Service Providers – Funding • Local market is much different than global markets • Entering a new market is just like doing a brand new startup..!