Founder Insitute Jakarta & IWIC VII

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Presentation about Founder Institute and Local Startups

Presentation about Founder Institute and Local Startups

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  • 11/02/09
  • 11/02/09

Transcript

  • 1. Founder Institute Sanny Gaddafi @SaGad
  • 2. FUPEI.COM
  • 3. We Need More Great Startups Source: www.alexa.com
  • 4. Indonesia Today … And In 2030 Source: “The archipelago economy: Unleashing Indonesia’s potential”, McKinsey Global Institute, 2012
  • 5. Most Of Them Are Mobile Source: www.redwing- asia.com
  • 6. Investors Are Coming
  • 7. Local Success Story:
  • 8. Local Success Story: In the beginning: 1.Started with 2 co-founders 2.No local conglomerate/big group backup 3.Compete with big players (Plasa, Rakuten, Multiply) Now: 1.No 1 C2C e-commerce website 2.Grow by 686% (2012) 3.Raised Series-C funding
  • 9. Now, What Should You Do? 1. Select a real, big problem you are passionate about 2. Find the right solution 3. Build a strong team 4. Develop a great product 5. Launch with laser focused execution
  • 10. You’ve Got Help!
  • 11. What Is The Founder Institute? • A global network of startups and mentors that helps entrepreneurs launch technology companies. • The World’s Largest Idea-Stage Incubator • Goal is to Globalize Silicon Valley and launch over 1,000 meaningful and enduring technology companies per year.
  • 12. The Problem • Starting and running a startup is hard • There is no playbook • Success is rare • We want to help entrepreneurs avoid deadly mistakes
  • 13. Our Philosophy • Ideas are largely irrelevant • Great companies start with great people • Great People + Expert Training + Aligned Incentives = Exponentially Better Chance of Success
  • 14. Expert Training Phase 1: Idea Refinement Phase 2: Business Setup Phase 3: Launch Planning 1. Startup Basics 2. Vision/ Values 3. Startup Research 4. Naming/ Branding 5. Mentor Idea Review 6. Startup Legal/ IP 7. Cofounders/ Hiring/ Firing 8. Revenues/ Costs/ Profits 9. Product Development 10. Mentor Progress Review 11. Outsourcing/ Suppliers 12. Marketing/ Sales 13. Presentation/ Publicity 14. Fundraising 15. Graduation • 4 Month Curriculum • 3+ Mentors / Session • Emphasis on Group Work and Constant Feedback/ Evaluation • Not Required to Quit Your Job • ~ 20 hrs / week commitment
  • 15. … Taught By Seasoned Mentors - Nolan Bushnell (Atari) - Peter Guber (Mandalay Entertainment) - Bram Cohen (BitTorrent) - Jonathan Abrams (Friendster) - Naval Ravikant (VentureHacks) - Will Bunker (Match.com) - Jake Nickell (Threadless) - Gregg Spiridellis (JibJab) - Luke Beatty (Associated Content) - Dan Shapiro (Ontela/Photobucket) - Glenn Kelman (Redfin) - Elon Musk (PayPal, Tesla) - Marc Pincus (Zynga) - Jeff Dachis (Razorfish) - Jason Calacanis (Mahalo) - Scott Heiferman (Meetup.com) - Aaron Patzer (Mint.com) - Michael Arrington (TechCrunch) - Jon Nordmark (eBags) - Phil Libin (Evernote) - Jordan Greenhall (DivX) - Phillip Kaplan (Adbrite, Blippy) 800+ Global Mentors
  • 16. … Taught By Seasoned Mentors - James Chan (Neoteny Lab) - Julian Gorman (Indosat) - Martin Hartono (GDP Venture) - On Lee (GDP Venture) - Remco Lupker (Tokobagus) - Rudy Ramawy (Google) - Sakti Makki (MakkiMakki) - Takeshi Ebihara (Rebright Partner) - Toto Sugiri (Sigma Cipta Caraka) - Weihan Liew (MainGames) - William Tanuwijaya(Tokopedia) - Alfred Budiman (Samsung) - Andy Jobs (Nexian) - Andy Sjarif (Sitti) - Ari Juliano Gema (Assegaf) - Budi Rahardjo (Indo CISC) - Dian Kurniadi (Nexian) - Dian Noeh Abubakar (KVB) - Danny Oei Wirianto (MindTalk) - Edi Taslim (Kompas.com) - Eka Ginting (Indo.com) - Izak Jenie (Nexian) 800+ Global Mentors
  • 17. Growing Worldwide Entrepreneurship Seattle San Francisco Silicon Valley Los Angeles San Diego Chicago St Louis Brussels Berlin Paris Amsterdam Singapore Jakarta Hanoi Sydney Kuala Lumpur Denver Houston Currently in 23 locations – 30+ planned in 2013 Bogotá Santiago Boston New York Washington DC
  • 18. The Result: 500+ Companies Already • 550+ Founders Graduated • 41% receive funding within 6 months • Only 9% of companies fail in the first 18 months
  • 19. Some Testimonials “I believe that these eight startups and 13 founders have really experienced a tough yet fun four months – I could sense it through their presentations. Props to the directors for bringing the Founder Institute to Jakarta.”
  • 20. Questions? Email: directors@jktfi.com Directors: Andy Zain (andy@jktfi.co ) Novistiar Rustandi ( novis@jktfi.com) Sanny Gaddafi ( sagad@jktfi.com) Program Manager: Sadina Kasman ( sadina@jktfi.com)