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 ...
Bootstrap? Angels or VC?           Deficit of risk-adverse money           Organic growth           Speed of process      ...
What is VC looking for?             TEAM !             Market = growth / exit             Scalability             “Unfair”...
It’s ALL about the people             Mindset – Attitude - Values             Wantrepreneur – Entrepreneur             Mul...
Doing vs knowing ?
Staircase of development...Learning by doingFailure is OK?
Aim high or die ?Growing big takes all of it !Who needs milestones ?Why do the companies die ?
Thank you!Heidi KakkoHead of Investments15 years in capital rising market2 X CEOPortfolio of 15 companiesheidi.kakko@areng...
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Heidi Kakko presentation on StartSmart event Wantrepreneur 2 Entrepreneur 1.12.2011. Tallinn, Estonia

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Heidi Kakko ( www.arengufond.ee ) spoke on Start Smart! event Wantrepreneur 2 Entrepreneur 1. december 2011 in Tallinn, Estonia. www.start-smart.me

Published in: Economy & Finance, Business
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Transcript of "Heidi Kakko presentation on StartSmart event Wantrepreneur 2 Entrepreneur 1.12.2011. Tallinn, Estonia"

  1. 1. Funders against Founders ?“Is today the day, I gonna fire the founder?”
  2. 2. 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/
  3. 3. Bootstrap? Angels or VC? Deficit of risk-adverse money Organic growth Speed of process Smart money FFF = Business Angel ? Superangel = Venture Capitalist
  4. 4. What is VC looking for? TEAM ! Market = growth / exit Scalability “Unfair” advantage
  5. 5. 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”?
  6. 6. Doing vs knowing ?
  7. 7. Staircase of development...Learning by doingFailure is OK?
  8. 8. Aim high or die ?Growing big takes all of it !Who needs milestones ?Why do the companies die ?
  9. 9. Thank you!Heidi KakkoHead of Investments15 years in capital rising market2 X CEOPortfolio of 15 companiesheidi.kakko@arengufond.ee

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