ENTREPRENEURSHIP
Wednesday, August 22, 12

HALF-BAKED
Wednesday, August 22, 12

500 Events 107 Countries 2200
Influencers 50 000 Attendees 7000 Teams 500+ Jobs Impact 501c3 2012 A quarter Million Entrepreneurs Education Health Government annually by 2015 SWResearch Maker Media More 2015 2000 Events Verticals New Wednesday, August 22, 12

The largest grassroots entrepreneurial community
in the world (we’re in more countries than Starbucks! ) Wednesday, August 22, 12

What you What you want
to do can do What you get paid FOR Wednesday, August 22, 12

USA (CENSUS DATA 2007) 22%
FIRMS 27,757,676 78% 13% Non Employer Firms Employers Firms (With Payroll) 88% More than $1M Less than $1M Wednesday, August 22, 12

the .001% PERCEPTION $1b 0
REVENUE GRASSROOTS CLASSIC Wednesday, August 22, 12

21 Century Entrepreneurship (Our vision)
Wednesday, August 22, 12

ENTREPRENEURIAL PARADOX (how to teach
what we don’t know?) Wednesday, August 22, 12

lG ame! ne ur ia
tr ep re t he En co me to W el 81 123 7 billion people 10 10 Atoms in the known universe Shannon number really complex game! Wednesday, August 22, 12

A WORLD FULL OF POTENTIAL
World Bay Area Mountain View Internet 2 2 50 / km 2 395 / km 2300 / km 2.26b / screen Wednesday, August 22, 12

OUR CHALLENGE (500 000 -
600 000) 2009 400 000 Wednesday, August 22, 12 STARTUPS / YEAR

THE MYTH OF THE LONE
ENTREPRENEUR Wednesday, August 22, 12

OUR MODEL preneu r’s story
Entre FT500 You are taking over the World! SCALE You have a stable business model Garage STARTUP You have a solid team with some good ideas ACTION You are an Entrepreneur DISCOVERY You want to be an Entrepreneur INSPIRE/CELEBRATE ? You’ve got some passions & ideas Wednesday, August 22, 12

Why Startups Fail? Wednesday, August
22, 12

cons tant Wednesday, August 22,
12

The Irrational world of entrepreneurship
B ? KNOWLEDGE Business Decision ? C Entrepreneur THERE IS NO SYSTEMATIC PATH TO BUSINESS SUSTAINABILITY Bounded rationality is the idea that in decision-making, rationality of individuals is limited by the information they have, the cognitive limitations of their minds, and the finite amount of time they have to make a decision Reinhard Selten Wednesday, August 22, 12

YOU COULD BUILD THAT... MULTIOBJECTIVE
CELLULAR GENETIC ALGORITHM WITH ADAPTIVE FUZZY FITNESS GRANULATION Wednesday, August 22, 12

OR JUST PUT PEOPLE IN
THE SAME ROOM... Your computer fitness function Wednesday, August 22, 12

THE ENTREPRENEURIAL JOURNEY r’s story
MBA Entrepreneu FT500 ean You are taking over the World! L SCALE You have a stable business model Garage STARTUP You have a solid team with some good ideas ACTION You are an Entrepreneur DISCOVERY You want to be an Entrepreneur INSPIRE/CELEBRATE ? You’ve got some passions & ideas Wednesday, August 22, 12

NEW TOOLS Wednesday, August 22,
12

Business Plans are dead Wednesday,
August 22, 12

Wednesday, August 22, 12

3 Pillars OF THIS HIGH
GROWTH STARTUP REVOLUTION 1. Low cost MVP 2. Short BUSINESS Cycles 3. Social Networks Wednesday, August 22, 12

SW SWNEXT MBC (Master in
Business Creation) COMMUNITY RESEARCH Wednesday, August 22, 12

Main Hypothesis It is possible
to increase the volume, quality and rate of advancement for entrepreneurs within any startup community More Jobs More Startups Better Entrepreneurs Wednesday, August 22, 12

Wednesday, August 22, 12

Our experiment 38 Initiatives Mapped
Addressing You are taking over the World! HIGH GROWTH known problems/opportunities You have a stable business model SCALE and a great product You have a solid team Garage STARTUP with some good ideas SEATTLE: NYC: You are an ACTION LA: Entrepreneur DSM: DISCOVERY VEGAS: You want to be an Entrepreneur BOSTON: DETROIT: INSPIRE/CELEBRATE You’ve got some passions &SP: ideas ? Wednesday, August 22, 12

When Initiatives become predictable they
can be archived shared and scaled across the country High Growth Scale The Easy Startup Project 15 0 very Action 00 $ Disco Discovery Sea $7.5 / ttle rs Entre preneu Inspire 38 Initiatives Estimated Impact Estimated Value $55M 1. Entrepreneurs: 17, 235 2. Startups/Teams: 1,957 Estimated Cost 3. Jobs: 554 $784,340 Wednesday, August 22, 12

WHAT’S NEXT? • 1. Map/know
your ecosystem • 2. Meet and participate with your local community (events / startups) • 3. Don’t hurt! (support) • 4. Go to a Startup Weekend :) Wednesday, August 22, 12

THANK YOU franck@startupweekend.org Wednesday, August
22, 12