Entrepreneur Country keynote
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London January 15, 2008 - "Entrepreneur Country" event organized by Ariadne Capital
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Entrepreneur Country keynote
- 1. Roman Stanek Founder/CEO, Good Data Corporation
- 2. Who am I • Roman - quot;Stanquot; at Starbuck's • Technologist • Entrepreneur • Blogger (roman.stanek.org) • Czech
- 6. NetBeans
- 7. Java Development Tool Company • Founded in summer 1997 • From developers to developers
- 8. Development team in Prague • Outside of Silicon Valley • Highly stable workforce • Price is not a big advantage
- 9. Highly risky • Web 0.5 • No support for entrepreneurs • “Freemium model” unproven
- 10. Limited funding available I would never fund a company east of Palo Alto Regis McKenna
- 11. Innovator’s dilemma • Sometimes do the wrong things • IBM, Symantec, Borland: speed • NetBeans: extensibility
- 12. Many firsts/Highly innovative • First Java based tool • First extensible environment • First downloadable tool
- 13. Acquired by Sun in 1999 NetBeans is today one of two leading Java development tools
- 14. Sun Development Center in Prague 400 developers working on various projects
- 15. Systinet
- 16. SOA platform company • Founded in March 2000 • Pioneer of SOA • Service portfolio management
- 17. SOA hype $21M raised from Warburg Pincus in 2002
- 18. Global presence • Sales & Marketing in US • Development in Prague • Support & testing in Vietnam
- 19. WS-Addressing, WS-AtomicTransaction, SOA confusion WS-Attachments, WS-Context, WS- C o o r d i n a t i o n , W S - E ve n t i n g , W S - F e d e r a t i o n , W S - R e l i a b i l i t y, W S - ReliableMessaging, WS-Routing, WS- • Too many standards SecureConversation, WS-Security, WS- SecurityPolicy, WS-Transaction, WS-Trust, • Most co-developed by Systinet XML 1.0, XML Schema, SOAP, WSDL, • Complex, costly, disconnected UDDI, XML-DSig, XML-Encr yption, • SOA Governance was key to success X K M S , S A M L , X AC M L , e b X M L , BPEL4WS, WSRP,
- 21. Mercury/HP acquisition $105M in cash January 2006
- 22. Systinet put HP on SOA map HP Systinet leads the SOA Governance space
- 23. Good Data
- 24. On Demand Business Intelligence • Cloud + Web 2.0 metaphors • Flickr for Data • Simplicity & Collaboration
- 25. Turning good data into information • Social, not technical problem • Stop working in isolation • Discovery happens elsewhere
- 26. Company status • 30 employees • Development in Prague • Sales & marketing in Bay Area • Funded by industry luminaries • SaaShosted by Amazon Web Services
- 27. Future plans • Customer Development Process • Commercial launch Q2 2009 • VC funding in 2009
- 29. Lessons learned
- 30. Lessons learned I. It takes three years to be an overnight success, sometimes more. Seth Godin
- 31. Lessons learned II. • Location. Location. Location. • Building companies in Europe is possible • We live in “A Flat World”
- 32. Lessons learned III. Failure Success Speed, size Community Protocols, Governance transactions Size, complexity Collaboration
- 33. Personal notes •Aplan is useless. Get a meta-plan. • Getready for “mood swings” • Tough times create tough companies
- 34. Questions