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IDCEE 2013: Eastern Europe to Silicon Valley - Ilja Laurs (Founder & Chairman @ GetJar)


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Ilja Laurs is the Founder and Chairman of GetJar, world’s largest independent mobile application store. “European Manager of the Year 2011” by European Business Press Association, “25 European Tech Leaders” by Wall Street Journal, “Top 40 most influential people in mobile communications” by Informa Telecoms and Media, “10 Start-ups That Will Change Your Life” by TIME magazine and “Technology Pioneer 2011” by World Economic Forum are only a few of his numerous industry achievements. As a recognized thought leader, Ilja speaks on all major telecommunication conferences and is regularly quoted in Wall Street Journal, Forbes, CNN, CNBC, BBC, Bloomberg and many other news sources. In February 2010, Ilja made the cover of the America's leading entrepreneurship magazine "Entrepreneur".

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IDCEE 2013: Eastern Europe to Silicon Valley - Ilja Laurs (Founder & Chairman @ GetJar)

  1. 1. Eastern Europe to Silicon Valley Bridging the gap in entrepreneurship
  2. 2. Modern Startup Philosophy The Goal • Build value not profit • Realize value via IPO / M&A / Secondary market, not dividends The Execution The Resources 2 • Superfocused – do 1 thing but do it best • Superfast – burn money but go fast • The best – only the frontrunner wins • Get Angel/VC money • Use the money to buy the best people/technology/visibility
  3. 3. What’s great about Eastern Europe The People • Educated • Technically savvy • “Hungry” and willing to take the risk • Developed internet and supporting infrastructure • High mobile penetration and usage The Infrastructure • Unique areas of excellence, such as banking in Lithuania, gaming in Russia/Ukraine, etc. The Environment • Convenient geographical location • Strong ties with East/West, access to Western and Eastern funding Great for experimentation, prototype, proof of concept 3
  4. 4. What’s great about Eastern Europe The People The Environment • Education, specialization, skills, experience • Hard work and powerful motivation through option schemes • Large pool of professionals in all areas • Skill set that doesn’t exist in EE and even WU, in areas like sales, marketing, business development, etc. • Liberal business/work environment, key ingredient for building a successful startup • World’s best IT infrastructure • Mature and widely available startup funding • Key market for going global and world domination • IPO / M&A opportunities Great for building the best product, scaling, going global, successful IPO or M&A 4
  5. 5. Thank You! Questions? 5