Seattle's Startup Ecosystem - UW CoMotion ‘FUNdamentals for Startups’
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This document provides an overview of the Seattle startup ecosystem, including key ingredients like talent, capital, and culture. It discusses important community resources like events, coworking spaces, investors, and programs. It offers advice on how entrepreneurs can plug into the ecosystem, such as building relationships, volunteering, and embracing failure. The overall message is that contributing to the community is important before leveraging it for one's own startup.
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Seattle's Startup Ecosystem - UW CoMotion ‘FUNdamentals for Startups’
- 1. Copyright DKParker, LLC 2015 Seattle Startup Ecosystem Dave Parker @DaveParkerSEA www.dkparker.com/blog Dave@dkparker.com Posted on Slideshare, LinkedIn & DKParker.com
- 2. Copyright DKParker, LLC 2015 Agenda About Dave Ecosystems Seattle Overview What to avoid How to Start Q&A – Your questions
- 4. Copyright DKParker, LLC 2015 Ecosystem Overview 5 Ingredients White Paper 1. Talent 2. Density 3. Culture 4. Capital 5. Regulatory Environment Other Resources Startup Champions Network No one owns the Community
- 5. Copyright DKParker, LLC 2015 Startup Communities Brad Feld’s Startup Community Book (SlideShare) Boulder Thesis Entrepreneurs Lead Long Term Commitment Inclusive of all that want to participate Continual Activities/Events Leaders and Feeders
- 7. Copyright DKParker, LLC 2015 Feeders Government – support, but don’t lead Universities – smart young people Investors - Angels and VC – follow talent Mentors – help, but no (minimal) economic reward Professional Services Legal, Accounting – real professions Large Companies
- 8. Copyright DKParker, LLC 2015 Events Expensive Events aren’t Startup Events Startup Week – October annually Meetups - Monthly Startup Weekend/Hackathons Ignite Others LMGTFY
- 9. Copyright DKParker, LLC 2015 Resources Community Calendars GeekWire Startup Seattle Newsletters Startup Digest Groups WTIA – tends to established to large enterprises Check their motives – follow the cash LMGTFY
- 10. Copyright DKParker, LLC 2015 Physical Resources Co-Working space Know the DNA of the space – e.g. solopreneurs, teams, university, consultants Startup Hall, Impact Hub, SURF, WeWork, Galvanize, ThinkSpace, extraSlice Makers Spaces Verticals – Cambria Grove LMGTFY
- 11. Copyright DKParker, LLC 2015 Your need for Capital ≠ your ability to raise Capital. Get ready first!
- 12. Copyright DKParker, LLC 2015 Programs Paid UW Entrepreneurship Program Seattle University Founder Institute – entrepreneur training Funded Techstars Fledge – Impact investment, you need to crowd fund your participation LMGTFY
- 13. Copyright DKParker, LLC 2015 Investors Angel Groups – will complete the round of funding, seldom lead Alliance of Angels events Angels Pitches and Beer Meetup Puget Sound Venture Club Don’t pay to present Early Venture Capital Founders Co-op Seven Peaks FlyingFish Venture Madrona Voyager Ignition Mavron There are always disproportionate gaps in all markets between the need for capital and availability – get over it! LMGTFY
- 14. Copyright DKParker, LLC 2015 Introductions Matter Invest in your network Accomplish something – customer traction Your need for Capital ≠ your ability to raise Capital Get a clear ask Utilize your new network to get introduction
- 15. Copyright DKParker, LLC 2015 Avoiding the Leeches Blog
- 16. Copyright DKParker, LLC 2015 People to Avoid Never Sponsors – sell their services at events Wantrepreneurs – always working on something, never launching anything Startup Groupies – just here for the free food – You know who you are! Fundraisers and Introducers - will introduce you to investors for a fee – RUN AWAY – SEC rules prohibit fundraising for a fee if not a real banker
- 18. Copyright DKParker, LLC 2015 Cascadia & Washington State What does the next generation of Ecosystem look like? Eastside continues to have a lack of “B Class” office space to facilitate startups with flexible low cost options Eastside co-working? Eastside vs. Westside tech stacks Rest of Washington? Impact of Education Cascadia – Vancouver BC to Portland (Bend)
- 19. Copyright DKParker, LLC 2015 How to Plug into the Ecosystem
- 20. Copyright DKParker, LLC 2015 How to Start #GiveFirst – Techstars hashtag Before you ever leverage the Community, you need to contribute to the Community Build Relationships More than networking How do you help other people first Volunteer – registration desk, marketing support Everyone is special (not just you)!
- 21. Copyright DKParker, LLC 2015 What To Do Have an Agenda – Wait, doesn’t this conflict with #GiveFirst? No, start your agenda with how to GiveFirst Everyone knows you have an agenda, that’s OK – Just know your agenda Product feedback Connections Did you interaction add value to the people you met?
- 22. Copyright DKParker, LLC 2015 Value Proposition Who are you? What’s memorable? What are you looking for? Co-Founder, marketer, etc. Share, share, share you idea! No one is going to steal it – ideas die from lack of exposure not over exposure Be clear, with a message that can be repeated
- 23. Copyright DKParker, LLC 2015 What Not To Do
- 24. Copyright DKParker, LLC 2015 Ready? We want to help, but we won’t do your work for you Two Paragraph LinkedIn method Your ask is proportionate to your relationship – don’t ask me for investor introduction until I’ve seen you actually accomplish something. Time is our most valuable resource, I promise I won't waste yours. Gary Rubens, Email Signature
- 26. Copyright DKParker, LLC 2015 Why? If we continue to mentor the community, leaders will emerge that will mentor and invest in the community. Invest 10% of your exit back into the local ecosystem + your time = Great Returns
- 27. Copyright DKParker, LLC 2015 Do Great Things – Invest in the Community!
- 28. Copyright DKParker, LLC 2015 Q&A – Your Questions