Silicon Valley is not just about capital and the US market. Thanks to the critical mass of entrepreneurs, investors, academic resources and innovation culture, more and more companies open innovation spaces, do business here that has world wide impact. This makes it the perfect place to tap into global opportunities.
What can we expect, how should we prepare if we want to get a foothold in this part of the world? Learn from Attila Szigeti, an entrepreneur with a focus on mobile learning, mentor at the Connect East Incubator and presentation coach.
Prior to his startup adventures he worked for IBM and Citigroup as Project Manager, with an emphasis on Cybersecurity and IT Infrastructure. In early 2014 he founded his first startup, got into the Startup Sauna accelerator, and won several pitch competitions. He also coached on multiple Hackathon-in-a-box and Startup Weekend events, and prepared TEDxYouth speakers.
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Intro - 5
Welcome, my name from BP
Goal: give practical advice
Background
SS comp, won
Validate idea + New CE incub
Make it transparent
Agenda
Individual
Team
Hub
Why the Valley?
Money
Critical mass of entrep, invest
Cafe, overhear
Innov culture
Open to new stuff
Company presence
Perfect place to build global business
*[POLL]* – who in SV, who plans?
Prepare for mindset
Be outgoing, smiling
Lovely people, do charity, inclusive
Easy to make shallow connections
Trust based
DT workshop @ Stanford
Prepare to share and prepare to receive
Pitch yourself
Not the 3 minute standard pitch
Nicky workshop
Get comfortable
Types
Story
To the point
Make them feel good
*[Exercise]*
USMAC story
Build active relationship
1st mtg easy but shallow
Find mutual value
Follow up
Pay it forward
Inspiration tours
1-2 weeks, $2-5k
Pay for the intros
Balance between speed and cost
Enjoy the Valley
Baker Beach, Twin Peaks...
Steve Blank visitor guide
Stanford
Exploratorium and CHM
Environment
Investors
When to go
Environment
Competitive
Vision is not enough
Tight networks
Expensive
Inspirational and educational
Investors
US A I meeting
Top tier angels like VC-s, looking for traction/revenue, min risk
Ask for intros, go down a few levels
Scrape LI, Angel.co for ex SVP-s, ppl after exists
Europreneurs class
Nordic example
Accelerators looking into CEE
Hungarian initiatives
Europreneurs class
Mondays at Stanf, by Burton
Visited CEE, IAESTE
Build up mentoring and advis board
No instant success
Have local presence
Nordic Innovation House
Small temp space
First norway, then nordic
Govt funding was key
It takes 6+ month to smell like a local