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Hubert Palan - ProductBoard - Growing Enterprise Software Startups in the Czech Republic & Silicon Valley - Stanford - Jan 7 2019

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Talk by Hubert Palan, ProductBoard (Prague CZ), at Stanford Engineering on January 7 2019, in our Session #1: 'Startups & Tech Ecosystems in the Czech Republic & Central Europe'.

Website: http://www.StanfordEuropreneurs.org
YouTube Channel: https://www.youtube.com/user/StanfordEuropreneurs
Twitter: @Europreneurs

Published in: Technology
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Hubert Palan - ProductBoard - Growing Enterprise Software Startups in the Czech Republic & Silicon Valley - Stanford - Jan 7 2019

  1. 1. Hubert Palan FOUNDER & CEO Growing Enterprise Software Startups in the Czech Republic & Silicon Valley
  2. 2. Hi, I am Hubert 👋 and I am from Prague
  3. 3. Czech Republic "# 10.6M Population vs US 325M $33k GDP PPP vs US $55k 4.3% GDP Growth vs US 2.3% 2.5% Unemployment vs US 4%
  4. 4. How I got here? MSc in CS 2002 CTU Prague Management Consultant Central Europe MBA 2009 UC Berkeley Berkeley VP Product Management San Francisco & Prague Founder & CEO San Francisco & Prague
  5. 5. We have a big ambition to be the product brain of every company
  6. 6. productboard introduces a Product Management System Shared inbox for insights Tight integrations Product Portal Structured product hierarchy Strategic prioritization criteria Flexible visualizations Shared roadmaps Engineering integrations Company-wide collaboration All customer insights in one place Powerful product workflows Collaborative roadmap planning
  7. 7. Strong traction $10M Funding 1,600 Customers 50 Employees 10 in US 40 in CZ
  8. 8. Why we have a team in Prague ? 👍 🏠 Strong personal network Co-founder &🙍 Great technical talent Loyalty Low competition ☀ Amazing quality of life, expats Low crime, ‘free’ healthcare & education 💰 Lower cost Low corporate & property taxes, Zero long-term capital gain tax
  9. 9. There are downsides 👎 People are more risk- averse People don’t relocate 9-hour time difference, no direct flights from west coast Lack of leadership & business talent Weaker personal networks Less “drive” Lack of ‘think big’ Lack of big startup successes, mostly clones & agencies Bureaucratic government European regulations
  10. 10. Czech startup successes and VC ecosystem Innovation Business model clones Venture Capital
  11. 11. …but Czechia still has a long way to go
  12. 12. Entrepreneur’s perspective Don’t be concerned about the health of a startup ecosystem in a specific country. Most important is to put yourself as close to the problem you are solving. If you are solving a local problem, move to that location. If you are solving a global problem move as close as you can to people who understand the problem most. Second most important is to optimize for speed i.e. talent x budget.
  13. 13. We are hiring! Full-time & Internships www.productboard.com/careers
  14. 14. Thank you 🙏 Hubert Palan @hpalan

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