Overcoming challenges for start-ups by integrating eastern and western ecosystems
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Both Western and Eastern European start-ups struggle with different problems. Lots of them can be solved by connecting ecosystems and enabling the flow of deals and know-how. Prelection from AmberHub Kick-off Event.
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Overcoming challenges for start-ups by integrating eastern and western ecosystems
- 1. Overcoming challenges for start-ups by integrating eastern and western ecosystems. Mateusz Kurleto
- 2. How to improve early-stage success rate? Ship products to market fasterDecrease burn-‐rate Cooperate What keeps us from doing this?
- 3. CEE Founders can’t make it to seed DE PL Avg Salary (EUR) 2183 735 Avg Living cost (EUR) 1188 741 Time to save for 12 months 15 ??? Social Insecurity Seed rounds too early Bad Cap Table
- 4. CEE’s CapTable blocks success DE PL Average Pre-‐Seed Investment 100k – 250k EUR 25k – 100k EUR Avg founders equity pre-‐seed 70 – 90% 30 – 60% Early-‐stage undervaluation Founders have too little equity VCs won’t invest even in successful startups
- 5. CEE lacks stratgic know-how Great Entrepreneurial Skills Lack of Strategic Know-‐ How No Global Success
- 6. Yearly Salary by PayScale DE PL Software Engineer 47 000 EUR 21 300 EUR Marketing Manager 49 000 EUR 26 000 EUR Business Development Manager 60 000 EUR 41 000 EUR Western burnrate is too high at early-stage High salaries Huge Burnrate Lots of capital lost when fail
- 7. Investors in search for start-ups Global Entrepreneurship Monitor DE PL Total Entrepreneurship Activity 5,3% 9,2% Established Business Ownership 5,2% 7,3% Perceived Capabilities 36% 54% Forbes global 2000 50 8 Less Entrepreneurs Corporate Approach Demand for early stage start-‐ups
- 8. Demand for engineers in Germany Y 2012 220 000 450 000 300 000 Y 2015 Y 2020(e)
- 9. AmberHub can help to fix ecosystems Fix CEE Cap Table Western execution with CEE talents Align existing exosystems
- 10. Aligning ecosystems is the key to overcoming challenges for east and west. Mateusz Kurleto