Startup Academy 2015 Introduction to Entrepreneurship Cypriot Entreprise Link

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Introduction to Entrepreneurship

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Game: Can you recognise them?

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Game: Can you recognise them?

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Some Background Info

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Entrepreneur
A person who organizes and operates a
business or businesses, taking on greater
than normal financial risks in order to do so.
/ˌäntrəprəˈnər/

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Entrepreneur

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Startup
A startup is a temporary organization used
to search for a repeatable and scalable
business model.
/stahrt-uhp/

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The Basic Ingredients
Idea
Team
Funding

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Idea
Find a problem in your daily
life
Do others have the same
problem?
Be passionate
Look for a good solution
Is there a big enough market
for the solution?

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Team

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Funding
Bootstrapping - Using personal finance
or operating revenues of the new company
Crowd-funding - Small amounts of
capital from a large number of individuals to
finance a new business venture
Seed-funding - Initial capital used to start
a business (e.g.: Bootstrap, AI etc)
Angel-investment - Investment is on
average around €50,000
Venture-Capital - Larger scale of private
investment - Round A is on avg. €1.5 m
IPOs - Initial Public Offering to raise public
funding (listed on the stock exchange)

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Startup Stages

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Taking the leap of faith
Listen to your gut
Replace fear of the unknown
with a sense of desire for
what’s to come
Be supported by likeminded
people
Embrace failure

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Q&A