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Rain Rannu - Fortumo - Stanford - Feb 28 2011

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Rain Rannu - Fortumo - Stanford - Feb 28 2011

  1. 1. Entrepreneuship and startups in Estonia Rain Rannu Stanford University February 28, 2011 Monday, February 28, 2011
  2. 2. Rain Rannu • 30 years old • BA & MBA from Tartu University, Estonia • Entrepreneur for the past 11 years Monday, February 28, 2011
  3. 3. Mobile penetration exceeds Internet penetration More people can use m-services than e-services More people can use m-services than e-services Rain Rannu, Mobi Solutions Monday, February 28, 2011
  4. 4. Computers are tied to a place, mobile devices are always with the user M-services can be used from more places than e-services Monday, February 28, 2011
  5. 5. Monday, February 28, 2011
  6. 6. Adding mobile payments to your app or game should be as easy (and cheap) as creating a blog or a homepage Monday, February 28, 2011
  7. 7. Fortumo.com • Founded in 2007 • Spun out of parent company Mobi Solutions (which we founded in 2001) • Works in 50 countries worldwide • 20+ people in 6 countries • Profitable Monday, February 28, 2011
  8. 8. Monday, February 28, 2011
  9. 9. Monday, February 28, 2011
  10. 10. Monday, February 28, 2011
  11. 11. Garage48.org From idea to service in 48 hours! Monday, February 28, 2011
  12. 12. Monday, February 28, 2011
  13. 13. Monday, February 28, 2011
  14. 14. Why I’m in Silicon Valley? Monday, February 28, 2011
  15. 15. 2001 Monday, February 28, 2011
  16. 16. Monday, February 28, 2011
  17. 17. Casual Connect Europe sponsors list from http://europe.casualconnect,org Monday, February 28, 2011
  18. 18. Hiring Monday, February 28, 2011
  19. 19. What we’ve learned? Monday, February 28, 2011
  20. 20. You can’t outsource or delegate business development of a startup Monday, February 28, 2011
  21. 21. Presence is not office space or local company... it’s being here Monday, February 28, 2011
  22. 22. Everything takes more time than expected Monday, February 28, 2011
  23. 23. Monday, February 28, 2011
  24. 24. Northern Europe Monday, February 28, 2011
  25. 25. Startups in Estonia • Phase 1: copy globally successful services for domestic market • Phase II (Skype, etc.): founders and funding from abroad, engineering from Estonia • Phase III (now): Estonian-founded and owned startups trying to break to international markets. Monday, February 28, 2011
  26. 26. Monday, February 28, 2011
  27. 27. Lack of (VC) funding makes Estonian startups focus on profitability from early on Monday, February 28, 2011
  28. 28. Why is Silicon Valley better than Estonia? Monday, February 28, 2011
  29. 29. Customers Investors Monday, February 28, 2011
  30. 30. Events Monday, February 28, 2011
  31. 31. No -10F weather in February! Monday, February 28, 2011
  32. 32. Why is Estonia better than Silicon Valley? Monday, February 28, 2011
  33. 33. Tiny domestic market, makes you look to international markets right from the start Monday, February 28, 2011
  34. 34. Less competition for talent, more loyal employees Monday, February 28, 2011
  35. 35. Cost of living Monday, February 28, 2011
  36. 36. No traffic jams! Monday, February 28, 2011
  37. 37. Challenges for Estonian statups: Monday, February 28, 2011
  38. 38. Monday, February 28, 2011
  39. 39. Image: http://www.theexitstore.com Monday, February 28, 2011
  40. 40. Image: http://www.gettyimages.com Monday, February 28, 2011
  41. 41. Thank you! rain.rannu@gmail.com http://twitter.com/rainrannu http://fortumo.com http://garage48.org Monday, February 28, 2011

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