1. Startups and Public Policy Steve Blank www.steveblank.com Twitter: sgblank Slides: www.slideshare.net/sblank

2. Corporate Lifecycle, Innovation, Startups, Founders, Ecosystem

3. Corporate Lifecycle, Innovation, Startups, Founders, Ecosystem Why Should I Care?

4. Why Start New Companies in Finland?

5. Because Old Ones Die

6. Corporate Lifecyclesare Getting Shorter

7. Disruption Technology, Globalization, Regulation, Consumer Taste

8. Disruption Technology, Globalization, Regulation, Consumer Taste, Competition, etc.

9. Job Growth From Existing Companies will decline

10. Job Growth Will Come From New Companies

11. Job Growth Will Come From New Companies Startups

12. First -What’s A Startup? Six Types of Startups

18. Total Available Market > €300m

19. Can grow to €50/yearScalable StartupBorn to Be Big

21. Needs “Risk capital”

23. Buyable Startup Search Sell Scalable Startup €3 to e0M Acquisition Goal is to solve for: Internet and Mobile Apps Sell to larger company

26. Partner

27. Acquire- IP- Talent - Product - Customers - Business

30. Partner

31. Acquire- IP- Talent - Product - Customers - Business

33. Social Enterprise: Profitable

35. Each of these startups require different Government Policies They Can Not Be Built the Same Way

36. Scalable Startups Will Provide the Highest Job Growth

37. Scalable Startups Will Provide the Highest Job Growth They Require an Ecosystem You Do Not Have

39. No funding

40. Building product

42. mentoring = experience

43. networking

44. shared office

45. small funding ~ €30K

46. limited time ~ 6 monthsIncubators Scalable Startup Ecosystem

48. searching for a business model

49. limited funding ~ €300K

50. mentoringIncubators Scalable Startup Ecosystem

52. Found a business Model

53. Scale

54. Multiple rounds of money

56. Capital Gains

57. Immigration

58. Cultural view of Risk and FailureAll actively discourage Scalable Startups Scalable Startup Ecosystem

59. Each of These Steps Must Require Risk

60. Each of These Steps Must Require Risk For the Entrepreneur and For the Investor

61. Public Funding of Private Capital Does Not Work

62. Public Funding of Private Capital Does Not Work Each Party Needs to Have Equal Risk

63. The Goal of Public Funding Should be to Create a Private Capital Ecosystem

64. The Goal of Public Funding Should be to Create a Private Capital Ecosystem Fund and attract experienced Incubators & Venture Capital

65. And Put Yourself Out of Business

66. Thank You