This document summarizes Dave McClure's talk on changes in tech startups, venture capital, and building startup ecosystems. Some key points include:
- Startups now require less capital, have faster development cycles, and can reach more customers through online platforms.
- A "Lean VC" approach involves making many small bets across early-stage startups using incremental funding.
- Critical factors for strong startup ecosystems include education, mentors, capital access, universities, and infrastructure to support companies from early ideas through growth.
- McClure argues that 500 venture capital funds globally could support 10,000 seed-stage startups per year through this Lean VC approach of making many small bets.
Industrial Robots are changing and this presentation leads the user to the tools to control the hazards of collaborative and non-collaborative robotics.
What's going on with robots? What's coming next? From drones to autonomous vehicles, service robots, social robots or toys, here is a fairly broad overview.
Industrial Robots are changing and this presentation leads the user to the tools to control the hazards of collaborative and non-collaborative robotics.
What's going on with robots? What's coming next? From drones to autonomous vehicles, service robots, social robots or toys, here is a fairly broad overview.
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Третій всеукраїнський форум Zakupki Forum
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Тема - Практичні кейси юридичного супроводу публічних закупівель
Спікери - Олександр Нікітєнков та Микола Смирнов – лідери напрямку тендерного супроводу ЮК «Праве Діло»
29 вересня 2016 року, у Києві в конгрес-холі “Космополіт” відбувся Третій всеукраїнський форум Zakupki Forum. На заході обговорювався досвід участі у державних тендерах через Систему електронних публічних закупівель ProZorro, яка з 1-го серпня цього року стала обов’язковою для всіх державних органів України. Організатори торгів та постачальники ділилися реальним досвідом закупівель і давали практичні поради. На конкретних прикладах вони демонстрували своїм колегам, що варто і чого не варто робити, аби закупівлі проходили успішно.
ZAKUPKI FORUM 2016 зібрав понад 500 учасників: керівників та власників бізнесу, дилерських мереж, виробників і постачальників. Під час форуму було піднято чимало актуальних питань: як захищати свої інтереси в спірних випадках, як використовувати аналітичні інструменти BI ProZorro для розвитку бізнесу, яка роль закупівель в управлінні витратами підприємства, якими є особливості участі постачальників у держзакупівлях фінансових послуг та багато інших. Серед спікерів форуму - представники уряду, державних адміністрацій та громадських організацій, юристи та банкіри, спеціалісти закупівельники та постачальники найбільших українських компаній.
Webwriting. Jak tworzyć teksty internetowe?Content King
Zobacz jak tworzyć treści internetowe, dowiedz się czym jest webwriting oraz jakie tytuły w internecie klikają się najlepiej.
Czytaj także: http://www.contentking.pl/blog/jak-pisac-teksty-internetowe-7-zasad-webwritingu/
A simple, step-by-step system for getting more fans (that WORKS!)
The 3 “Facebook Fan Magnets” Your Page Might Be Missing
Time Saving Tips so you can knock out your Social Media posting in 1 hour each week
Simple Strategies to get more LIKES to your page (without paying for an ad) Learn more at SocialLabMarketing.com
Framtidens samhälle Del2 - Allt hänger på vad vi eldarMälarenergi AB
98% av alla hushåll och företag i regionen värms med fjärrvärme. Storskaligheten gör den miljövänlig och trygg.
Men allt handlar om vad vi eldar för att värma regionen.
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A historical review of the search industry, from traditional search to "social" search, by Danny Sullivan. This presentation was given at the Graphing Social Patterns conference on 10/8/07.
حضرت مسیح موعودعلیہ السلام کی متضرعانہ دعائیںmuzaffertahir9
حضرت مسیح موعودعلیہ السلام کی متضرعانہ دعائیں
حضرت مرزا غلام احمد صاحب قادیانی مسیح موعود علیہ السلام کی سیرت کا مطالعہ کرنے سے یہ بات نمایاں طورپر سامنے آتی ہے کہ آپ کااوڑھنا بچھونا گویادعا ہی تھا اورآپ کا سارا انحصار محض اپنے رب کریم کی ذات پر تھا ۔ چنانچہ آپ فرماتے ہیں:
’’دعا میں خدا تعالیٰ نے بڑی قوتیں رکھی ہیں۔ خدا تعالیٰ نے مجھے باربار بذریعہ الہامات کے یہی فرمایا ہے کہ جو کچھ ہوگا دعا ہی کے ذریعہ ہوگا‘‘۔(ملفوظات جدید ایڈیشن جلد ۵ صفحہ ۳۶)
’’دعا کے لئے رقّت والے الفاظ تلاش کرنے چاہئیں ۔ یہ مناسب نہیں کہ انسان مسنون دعاؤں کے ایسا پیچھے پڑے کہ ان کوجنتر منتر کی طرح پڑھتا رہے اور حقیقت کو نہ پہچانے۔۔۔۔۔۔ اپنی زبان میں جس کو تم خوب سمجھتے ہو، دعاکرو تاکہ دعا میں جوش پیدا ہو‘‘
خود آپ کو اپنی دعاؤں میں جوش حاصل تھا چنانچہ فرماتے ہیں:
’’خدا نے مجھے دعاؤں میں وہ جوش دیا ہے جیسے سمندرمیں ایک جوش ہوتاہے‘‘۔
(ملفوظات جلد ۳ صفحہ ۱۲۷)
دعا حضرت مسیح موعود علیہ السلام کی زندگی کا عنوان تھا۔ آ پ نے اپنی جماعت کو بھی دعائیں کرنا سکھایا اور اس کی حقیقت سمجھا ئی اور فرمایا کہ دعا جنتر منتر کی طرح الفاظ پڑھنے کا نام نہیں بلکہ اس کی حقیقت کو سمجھنا چاہئے اور اس میں رقّت اور اضطراب پیدا کرنا چاہئے
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How to VC: Creating a VC fund portfolio modelDave McClure
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Basic concepts of marketing and branding for venture capital. Emphasis on competitive differentiation (aka "How are you different/better than other VCs in your category?"). Specific focus on defining areas of "value add" that aren't BS.
How to define and position your VC brand to attract funding and dealflow.
* note: more recent updated version below:
https://www.slideshare.net/dmc500hats/branding-strategies-for-better-dealflow-and-fundraising-aka-the-helpful-vc
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https://bit.ly/3KACoyV
The ER diagram for the project is the foundation for the building of the database of the project. The properties, datatypes, and attributes are defined by the ER diagram.
Multi-cluster Kubernetes Networking- Patterns, Projects and GuidelinesSanjeev Rampal
Talk presented at Kubernetes Community Day, New York, May 2024.
Technical summary of Multi-Cluster Kubernetes Networking architectures with focus on 4 key topics.
1) Key patterns for Multi-cluster architectures
2) Architectural comparison of several OSS/ CNCF projects to address these patterns
3) Evolution trends for the APIs of these projects
4) Some design recommendations & guidelines for adopting/ deploying these solutions.
This 7-second Brain Wave Ritual Attracts Money To You.!nirahealhty
Discover the power of a simple 7-second brain wave ritual that can attract wealth and abundance into your life. By tapping into specific brain frequencies, this technique helps you manifest financial success effortlessly. Ready to transform your financial future? Try this powerful ritual and start attracting money today!
1.Wireless Communication System_Wireless communication is a broad term that i...JeyaPerumal1
Wireless communication involves the transmission of information over a distance without the help of wires, cables or any other forms of electrical conductors.
Wireless communication is a broad term that incorporates all procedures and forms of connecting and communicating between two or more devices using a wireless signal through wireless communication technologies and devices.
Features of Wireless Communication
The evolution of wireless technology has brought many advancements with its effective features.
The transmitted distance can be anywhere between a few meters (for example, a television's remote control) and thousands of kilometers (for example, radio communication).
Wireless communication can be used for cellular telephony, wireless access to the internet, wireless home networking, and so on.
2. This Talk…
• Changes in Tech Startups & Venture Capital
• “Lean VC” = Quantitative Venture Capital
• Building Startup Ecosystems
• “Global” Entrepreneurship
3. Dave McClure
Founding Partner & Chief Troublemaker, 500 Startups
00’s & 10’s:
• VC: Founders Fund, Facebook fbFund, 500 Startups
• Angel: Mashery, Mint.com, SlideShare, Twilio, Wildfire, SendGrid
• Marketing: PayPal, Simply Hired, Mint.com, O’Reilly
!
!
80’s & 90’s:
• Entrepreneur: Aslan Computing (acq’d by Servinet/Panurgy)
• Developer: Windows / SQL DB consultant (Intel, MSFT)
• Engineer: Johns Hopkins‘88, BS Eng / Applied Math
4. 500 Startups
Global Seed Fund & Startup Accelerator
• What is 500?
– $120M silicon valley VC fund + startup accelerator
– 40 people / 13 investing partners
– Locations: SV/SF, MEX, BRZ, IND, CHN/TWN, KOR, SE Asia, MENA
– 2000+ Founders / 200+ Mentors
– Community + Content + Conferences
!
• 850+ Portfolio Co’s / 50+ Countries
– Wildfire (acq GOOG, $350M)
– MakerBot (acq SSYS, $400M)
– Viki (acq Rakuten, $200M)
– Simple (acq BBVA, $117M)
– Twilio
– SendGrid
– Credit Karma
– Udemy
– TheRealReal
– Barkbox
– HomeJoy
5. 500 Startups: Global Seed Fund
Over 200+ startups outside US across 50+ countries
6. This Talk…
• Changes in Tech Startups + Venture Capital
• “Lean VC” = Quantitative Venture Capital
• Building Startup Ecosystems
• Global Entrepreneurship
• Q & A
7. Industry Changes
• Financial Market Crises (2000, 2008)
• Startup Efficiency, Lean Startup Movement, Reduced Capital Costs
• Growing Market, Global Distribution Platforms, Growth Hacking
• Improved Monetization, Developing Payments Infrastructure
• Developing Startup Ecosystems, Global M&A
!
• Micro VC: Seed Funds (ex: First Round Capital)
• Incubators & Accelerators (ex: Y Combinator, TechStars, 500)
• Funding Platforms (ex: Angel List, Kickstarter)
• Growing Global Market of Angel Investors
!
more info: http://PreMoney.co (June 27th, San Francisco)
8. Changes in Tech Startups
• LESS Capital required to build product, get to market
– Dramatically reduced cost for servers, software, bandwidth
– Funding Platforms: KickStarter, Angel List, Funders Club, etc
– Access to online platforms for 100M-1B+ consumers, smallbiz, etc
!
• MORE Customers via ONLINE platforms (100M+ users)
– Search (Google)
– Social (Facebook, Twitter)
– Mobile (Apple, Android)
– Media (YouTube, Pinterest, Instagram, Tumblr)
– Comm (Email, WeChat/WhatsApp/Line/Kakao, Voice, SMS, etc)
!
• LOTS of little bets: Accelerators, Angels, Angel List, Small Exits
– Y Combinator, 500 Startups
– Capital + Co-working + Mentoring -> Design, Data, Distribution
– “Fast, Cheap Fail”, network effects, quantitative + iterative investments
9. Before & After 2 Dot-Com Crashes
Daft Punk Startup: Simpler, Faster, Cheaper, Smarter
Before 2000
”Big, Fat, Dinosaur Startup”
• Sun Servers
• Oracle DB
• Exodus Hosting
• 12-24mo dev cycle
• 6-18mo sales cycle
• <100M people online
• $1-2M seed round
• $3-5M Series A
• Sand Hill Road crawl
After 2008
”Lean, Little, Cockroach Startup”
• AWS, Google, PayPal, FB, TW
• Cloud + Open Source SW
• Lean Startup / Startup Wknd
• 3-90d dev cycle
• SaaS / online sales
• >3B people online
• <$100K incub + <$1M seed
• $1-3M Series A
• Angel List global visibility
12. This Talk…
• Changes in Tech + VC
• “Lean VC” = Quantitative Venture Capital
• Building Startup Ecosystems
• Global Entrepreneurship
• Q & A
13. Silicon Valley 2.0:
Lots of Little Bets
aka “MoneyBall for Startups”
• VC Evolution: Physician, Scale Thyself (Aug 2012)
• MoneyBall for Startups, 500 Startups Investment Thesis (Jul 2010)
14. 500 Strategy: Lots of Little Bets*
1) make lots of little
bets on pre-traction,
early-stage startups
2) in 6-24 months,
double-down on top
20-30% performers
3) wait 3-7 years for returns:
-5-10% large exits @20X+ ($50-100M+)
-10-20% small exits @5X ($5-50M)
*See Peter Sims book: “Little Bets”
15. The Lean VC:
Lots of Little Bets, Incremental Investment
Method: Make little bets in lots of startups using
incremental investment, iterative development.
Start with many small experiments, filter out failures,
and expand investment in successes.
!
• Incubator: $0-100K (“Build & Validate Product”)
• Seed: $100K-$1M (“Test & Grow Marketing Channels””)
• Venture: $1M-$10M (“Maximize Growth & Revenue”)
16. Investment Stage #1:
Product Validation + Customer Usage
• Structure
– 1-3 founders
– $25-$100K investment
– Incubator environment: multiple peers, mentors/advisors
!
• Test Functional Prototype / “Minimum Viable Product” (MVP):
– Prototype->Alpha, ~3-6 months
– Develop Minimal Critical Feature Set => Get to “It Works! Someone Uses It.”
– Improve Design & Usability, Setup Conversion Metrics
– Test Small-Scale Customer Adoption (10-1000 users)
!
• Demonstrate Concept, Reduce Product Risk, Test Functional Use
• Develop Metrics & Filter for Possible Future Investment
17. Investment Stage #2:
Market Validation + Revenue Testing
• Structure
– 2-10 person team
– $100K-$1M investment
– Syndicate of Angel Investors / Small VC Funds
!
• Improve Product, Expand Customers, Test Revenue:
– Alpha->Beta, ~6-12 months
– Scale Customer Adoption => “Many People Use It, & They Pay.”
– Test Marketing Campaigns, Customer Acquisition Channels + Cost
– Test Revenue Generation, Find Profitable Customer Segments
!
• Prove Solution/Benefit, Assess Market Size
• Test Channel Cost, Revenue Opportunity
• Determine Org Structure, Key Hires
18. Investment Stage #3:
Revenue Validation + Growth
• Structure
– 5-25 person team
– $1M-$10M investment
– Seed & Venture Investors
!
• Make Money (or Go Big), Get to Sustainability:
– Beta->Production, 12-24 months
– Revenue / Growth => “We Can Make (a lot of) Money!”
– Mktg Plan => Predictable Channels / Campaigns + Budget
– Scalability & Infrastructure, Customer Service & Operations
– Connect with Distribution Partners, Expand Growth
!
• Prove/Expand Market, Operationalize Business
• Future Milestones: Profitable/Sustainable, Exit Options
19. This Talk…
• Changes in Tech + VC
• “Lean VC” = Quantitative Venture Capital
• Building Startup Ecosystems
• Global Entrepreneurship
• Q & A
23. Entrepreneur Education
• Business Plans
• Lean Startup
• Software Engineering / Design & UX
• Functional Prototypes
• Online Marketing / Unit Economics
• Monetization & Payments
• Customer Service + Support
• Fundraising & Pitch
23
24. Investor Education
• Startups are NOT Real Estate
• Most Startups Fail / Power Law Returns
• Portfolio Approach (20+ investments)
• Legal Structure, Financial Structure
• Syndication + Co-Investment
• Access to Downstream Capital
• Exits & Liquidity
24
25. This Talk…
• Changes in Tech + VC
• “Lean VC” = Quantitative Venture Capital
• Building Startup Ecosystems
• Global Entrepreneurship
• Q & A
26. Local vs Global?
• Emerging / Developing Markets
• Global Languages: English, Chinese, Spanish, Arabic
• Critical Factors: Education, Mentorship, Capital
• Capital Availability: Incubation, Seed, Series A
• Positive Macro: SmartPhones, Tablets, Payments,
Logistics, Growing Middle Class, Distribution Platforms
• Wealthy Global Users, Shoppers, Travelers
27. How Big is Seed Stage Startup Market?
500 VCs invest in 10,000 startups/yr @ $500K/startup = $5B/yr
How many people are entrepreneurs? How many startups get started every year?
• ~1% of Humanity is “Entrepreneurial” (def’n: “can create a $10M rev/yr business”)
• 1% x 7B ppl = 70M entrepreneurs, each of which starts 1-5 businesses lifetime (70 yrs)
• hypothesis: talented entrepreneurs can create 1-5M new “startup” businesses every year
!
NOW: let’s say we *ONLY* do the top 1% => the best 10,000 startups in the top 200 metros
!
How many metros? How many investors / metro? How many startups / metro?
• 1 [micro] VC can fund 10-20 startups/yr * $50K-$500K = ~$1-10M/yr annual budget
• global metros of 1-10M+ ppl can generate 100-1,000 startups / year
• 1-5 VCs in top 200 metros = 500 VCs x 20 startups/yr = 10,000 startups/yr
• hypothesis: 500 VCs invest $500K each -> 20 startups/yr = $5B/yr -> 10,000 startups
!
… so forget about 500 Startups, and start thinking about 500 VCs.
15