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Turning Large Corporate Containerships Into Nimble Startup Speedboats by Janet Bumpas, Program Director, ScaleUp Nation

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Large organizations are often like containerships—big, reliable, and efficient, but they can’t turn quickly. They often see startups as fast speedboats—responsive and nimble operations. Janet Bumpas is the Managing Director for one of StartupBootcamp/Innoleaps' corporate accelerator programs. She works with corporate teams to transform them from containerships into speedboats. They learn to move fast, using Lean Startup principles to validate customer needs and risky assumptions with market-based data. In her talk, she’ll outline strategies for enterprise organizations to spark and sustain nimble innovation, including how to avoid the most common causes of stalling out in the process.

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Turning Large Corporate Containerships Into Nimble Startup Speedboats by Janet Bumpas, Program Director, ScaleUp Nation

  1. 1. Container Ships & Speedboats Janet Bumpas
  2. 2. Executives Innovators
  3. 3. Internal Ecosystem Executives Innovators
  4. 4. Innovators
  5. 5. Your first idea is not always a good idea
  6. 6. 23% of startups that fail, fail due to wrong team CB Insights: The Top 20 Reasons Startups Fail
  7. 7. So what makes a good team?
  8. 8. If you can’t feed a team with two pizza’s, it’s too large. Jeff Bezos CEO and Founder Amazon
  9. 9. Two Pizza Team?
  10. 10. Skillset ToolsetMindset
  11. 11. HustlerHacker Hipster
  12. 12. Ownership (80%)
  13. 13. Never Give Up (20%)
  14. 14. Misfits
  15. 15. Internal Ecosystem Executives Innovators
  16. 16. Executives: Set Vision & Create Environment
  17. 17. 1. Strategic Alignment
  18. 18. 2. Portfolio Management
  19. 19. Horizon 1 Horizon 2 Horizon 3 Time Mature Business 0-12 months Generates today’s cash flow Emerging Business 36-72 Months Options on future high growth businesses Rapidly Growing or Adjacent Market Business 12-36 Months Today’s revenue growth and tomorrow’s cash flow
  20. 20. H1 H2 H3 Google 70% 20% 10% Lean Enterprise: How High Performance Organizations Innovate at Scale Lean. O'Reilly. Dec 4, 2014. Jez Humble, Joanne Molesky, and Barry O’Reilly Intuit 60% 30% 10%
  21. 21. Executives: Set Vision & Create Environment
  22. 22. Safe Sandbox
  23. 23. AlignmentProtection
  24. 24. Investing time, money, and resources before having results
  25. 25. https://hbr.org/2004/07/what-every-ceo-should-know-about-creating-new-businesses How long does it take corporate ventures, on average, to become profitable?
  26. 26. https://hbr.org/2004/07/what-every-ceo-should-know-about-creating-new-businesses
  27. 27. https://hbr.org/2004/07/what-every-ceo-should-know-about-creating-new-businesses How many had a positive cash flow in the first two years?
  28. 28. https://hbr.org/2004/07/what-every-ceo-should-know-about-creating-new-businesses
  29. 29. https://hbr.org/2004/07/what-every-ceo-should-know-about-creating-new-businesses
  30. 30. https://hbr.org/2004/07/what-every-ceo-should-know-about-creating-new-businesses
  31. 31. Innovation Accounting
  32. 32. Internal Ecosystem Executives Innovators
  33. 33. Speedboat Container Ship Our first five ideas failed. No bonus for you this year!
  34. 34. Speedboat Container Ship We made it up Denied. Can we have some money? What’s your ROI?
  35. 35. Speedboat Container Ship Totally brand new product! Does that fit our brand guidelines?
  36. 36. Innovators Container Ships This new product is going to be huge! That’s not in my three year plan. Sorry
  37. 37. Speedboat Container Ship I just made up an unbranded fake door experiment Oh, no, no. Those are not approved.
  38. 38. Speedboat Container Ships We’ve talked with lots of customers and…. Who gave you permission to talk to them?
  39. 39. Innovation Culture
  40. 40. Can I have a picture from a Philips masterclass?
  41. 41. Your first idea is not always a good idea
  42. 42. Thank You Janet.Bumpas@scaleupnation.com

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