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Secrets of successful startup ecosystems

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This morning, I gave a talk on the Silicon Valley ecosystem for guests of Startup Monthly. It was a good talk with GPs from incubator/accelerators from around the world (Ukraine, Russia, Poland, Israel, etc.).

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Secrets of successful startup ecosystems

  1. 1. Secrets of Successful Startup Ecosystems Chris Yeh @chrisyeh
  2. 2. You can’t replicate Silicon Valley…
  3. 3. …But you can learn from it.
  4. 4. Lesson 1• Entrepreneurs are the essential element in the ecosystem
  5. 5. The rest of us are just service providers
  6. 6. Entrepreneurship isn’t economical• Of every 1,000 companies that seek angel funding, only 6 make money for investors• Classic math is that 1/10 companies receive funding, 1/10 of those are hits• Noam Wasserman found the return on entrepreneurship lagged corporate jobs
  7. 7. Entrepreneurs don’t have option value
  8. 8. Lesson 2• Make it easy for entrepreneurs to start companies (before they wise up!) Thanks Hugh MacLeod!
  9. 9. Silicon Valley wins because we reduce the friction of company formation
  10. 10. This gets you to success or failure faster
  11. 11. Entrepreneurs are optimists • 81% of entrepreneurs think their startup will succeed! • All you have to do is remove obstacles and they do the rest!
  12. 12. Thanks folks! Chris Yeh @chrisyeh

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