Transcript of "Heidi Kakko presentation on StartSmart event Wantrepreneur 2 Entrepreneur 1.12.2011. Tallinn, Estonia"
Funders against Founders ?“Is today the day, I gonna fire the founder?”
Startup. Do I?A startup is a human institution designed to deliver a new product or service under conditions of extreme uncertainty. /Eric Ries/ Lifestyle Startups: Work to Live their Passion Small Business Startups: Work to Feed the Family Scalable Startups: Born to Be Big Buyable Startups: Born to Flip Large Company Startups: Innovate or Evaporate Social Startups: Driven to Make a Difference /Steve Blank/
Bootstrap? Angels or VC? Deficit of risk-adverse money Organic growth Speed of process Smart money FFF = Business Angel ? Superangel = Venture Capitalist
What is VC looking for? TEAM ! Market = growth / exit Scalability “Unfair” advantage
It’s ALL about the people Mindset – Attitude - Values Wantrepreneur – Entrepreneur Multi-skilled ONE is not a team Ego – question ? “Baby and the fighting couple”?