SlideShare a Scribd company logo
@DaveMcClure
@500Startups http://500.co
Stanford - June 2016
Farming Unicorns
Building Startup &
Investor Ecosystems
Dave McClure

Founding Partner, 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
• What is 500?
– $250M silicon valley VC fund + startup accelerator
– 125 people / 25 languages / 20 countries
– 1500+ Companies / 3000+ Founders / 200+ Mentors
– Investment, Accelerator, Distro, Marketing, Events, Education
– Community + Content + Conferences
• 1500+ Co’s / 50+ Countries
– Credit Karma
– Twilio
– Grab
– Wildfire (acq GOOG, $350M)
– MakerBot (acq SSYS, $400M)
– Viki (acq Rakuten, $200M)
– Behance (acq Adobe, $150M)
– Simple (acq BBVA, $117M)
– Sunrise (acq MSFT, $100M)
– Udemy
– Ipsy
– TalkDesk
– Intercom
500 Startups

Global Seed Fund & Startup Accelerator
How Many Startups
to Get to 1 Unicorn?
Perils of Becoming a Unicorn
(Before/After IPO)
2009 2016
Jeff Lawson, Founder/CEO Twilio (NYSE:TWLO)
Investor Ecosystem
Angels &
Incubators
($0-10M)
“Seed” Funds
($10-100M)
“Traditional” VC Funds
($100-500M)
“Unicorn” VC Funds
(>$500M)
Incubation
0-$100K
Seed
$100K-$1M
Series A/B
$1-10M
Series B/C
$10-100M
Bootstrap, KickStarter,
AngelList, Crowdfunding
Dinosaurs vs. Cockroaches

LEAN Startup: Simpler, Faster, Cheaper, Smarter
1996
”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
2016
”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
Platforms:

Search, Social, Mobile,
Video, Messaging
Portfolio Diversification
“Spray, not Pray”
99 VC Problems
But a Batch Ain’t 1
10
http://bit.ly/99VCProblems
Q: Chances of spotting
unicorn?/
a) 1%
b) 2%
c) 5%
d) 10%
e) ZERO
Chances of spotting
unicorn = ~1%/
If portfolio size = 15
companies/
/
If portfolio size = 30
companies
/
If portfolio size = 100
companies
500 Strategy: Lots of Little Bets*
1) make lots of little
bets on early-stage
startups when they’re
just getting started
3) wait 5-10 years for returns:
-10-20% small exits @1-5X ($5-25M+)
-5-10% larger exits @5-20X ($25-250M+)
-1-2% unicorns @20-50X+ ($250M-1B+)
*See Peter Sims book: “Little Bets”
2) over the next five years,
double-down on top 20-30%
~500 co’s @ $100K 1st checks
100+ co’s @ $200-500K
2nd/3rd checks
(hope for a few big exits @
$100M-$1B+)
(assume high failure rate ~50-80%)
The Lean Investor
Make lots of little bets:
• Start with many small “experiments”
• Filter out failures + small wins
• Double-down on stuff that looks like it’s working
• Incubation: $0-100K (“Build & Validate Product”)
• Seed: $100K-$1M (“Test & Grow Marketing Channels””)
• Venture: $1M-$10M (“Maximize Growth & Revenue”)
Startup Risk Reduction
Concept
Early
Customer
Usage
Scalable
Customer
Acquisition
[about to be]
Profitable
Unit
Economics
Scalable
Profitable
Business
Functional
Prototype
PRODUCT
MARKET
REVENUE
Exit?
When 500
Likes to
Invest
Investment Stage #1: 

Product Validation + Customer Usage
• Structure
– 1-3 founders
– $0-$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
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
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
Building Startup Ecosystems
Critical Ecosystem Factors
• Optimism & Belief (“Silicon Valley”)
• Mentorship + Education (Knowledge)
• Universities + Companies (People)
• Capital, Legal, Finance (Infrastructure)
• Engineering + Design / UX (Product)
• Platforms + Distribution (Customers)
• Online Payments (Monetization)
• IPO / M&A Market (Exits)
Investing Resources
• The Venture Capital Cycle (Gompers, Lerner)
• Venture Deals (Feld, Mendelson)
• Angel Investing (Rose)
• Venture Hacks (Naval, Nivi)
• blogs: Fred Wilson, Brad Feld, Mark Suster
• Quora: Jason Lemkin, David Rose, etc
Questions? Comments?
• More Info?
– http://500.co (our company)
– http://500hats.com (my blog)
– https://angel.co/500startups (our fund)
– Dave McClure, @DaveMcClure

More Related Content

What's hot

Startup Metrics for Pirates (Sept 2010, Vancouver)
Startup Metrics for Pirates (Sept 2010, Vancouver)Startup Metrics for Pirates (Sept 2010, Vancouver)
Startup Metrics for Pirates (Sept 2010, Vancouver)
Dave McClure
 
Hopelessly Addicted to Web 2.0, Social Networks, & Facebook
Hopelessly Addicted to Web 2.0, Social Networks, & FacebookHopelessly Addicted to Web 2.0, Social Networks, & Facebook
Hopelessly Addicted to Web 2.0, Social Networks, & Facebook
Dave McClure
 
Building Startup Ecosystems (Berlin, June 2015)
Building Startup Ecosystems (Berlin, June 2015)Building Startup Ecosystems (Berlin, June 2015)
Building Startup Ecosystems (Berlin, June 2015)
Dave McClure
 
Startup Metrics for Pirates (Chicago, Aug 2010)
Startup Metrics for Pirates (Chicago, Aug 2010)Startup Metrics for Pirates (Chicago, Aug 2010)
Startup Metrics for Pirates (Chicago, Aug 2010)
Dave McClure
 
Beating The Series A Crunch (thru clean living & growth hacking :)
Beating The Series A Crunch (thru clean living & growth hacking :)Beating The Series A Crunch (thru clean living & growth hacking :)
Beating The Series A Crunch (thru clean living & growth hacking :)
Dave McClure
 
Startup Metrics 4 Pirates (July 2010)
Startup Metrics 4 Pirates (July 2010)Startup Metrics 4 Pirates (July 2010)
Startup Metrics 4 Pirates (July 2010)
Dave McClure
 
VC 2.0: The Lean Investor (Sept 2010)
VC 2.0: The Lean Investor (Sept 2010)VC 2.0: The Lean Investor (Sept 2010)
VC 2.0: The Lean Investor (Sept 2010)
Dave McClure
 
Silicon Valley 2.0: Lean Startup, Lean VC
Silicon Valley 2.0: Lean Startup, Lean VCSilicon Valley 2.0: Lean Startup, Lean VC
Silicon Valley 2.0: Lean Startup, Lean VC
Dave McClure
 
US Startup Investment Market (Startonomics Tokyo, June 2009)
US Startup Investment Market (Startonomics Tokyo, June 2009)US Startup Investment Market (Startonomics Tokyo, June 2009)
US Startup Investment Market (Startonomics Tokyo, June 2009)
Dave McClure
 
How 2 Pitch a VC (New Delhi, Dec 2011)
How 2 Pitch a VC (New Delhi, Dec 2011)How 2 Pitch a VC (New Delhi, Dec 2011)
How 2 Pitch a VC (New Delhi, Dec 2011)
Dave McClure
 
Startup 2.0: From Silicon Valley to Hong Kong
Startup 2.0: From Silicon Valley to Hong KongStartup 2.0: From Silicon Valley to Hong Kong
Startup 2.0: From Silicon Valley to Hong Kong
Dave McClure
 
Hong Kong 2.0: The Lean VC
Hong Kong 2.0: The Lean VCHong Kong 2.0: The Lean VC
Hong Kong 2.0: The Lean VC
Dave McClure
 
Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)
Dave McClure
 
Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)
Dave McClure
 
Startup Metrics for Pirates (SF, Jan 2010)
Startup Metrics for Pirates (SF, Jan 2010)Startup Metrics for Pirates (SF, Jan 2010)
Startup Metrics for Pirates (SF, Jan 2010)
Dave McClure
 
Startup Metrics for Pirates (Foo Camp 2008)
Startup Metrics for Pirates (Foo Camp 2008)Startup Metrics for Pirates (Foo Camp 2008)
Startup Metrics for Pirates (Foo Camp 2008)
Dave McClure
 
The Lean VC (Sapporo, May 2011)
The Lean VC (Sapporo, May 2011)The Lean VC (Sapporo, May 2011)
The Lean VC (Sapporo, May 2011)
Dave McClure
 
Startup Metrics for Pirates (Aug 2010)
Startup Metrics for Pirates (Aug 2010)Startup Metrics for Pirates (Aug 2010)
Startup Metrics for Pirates (Aug 2010)
Dave McClure
 
Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...
Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...
Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...
Dave McClure
 
Startup Metrics for Pirates (KAUST, Nov 2013)
Startup Metrics for Pirates (KAUST, Nov 2013)Startup Metrics for Pirates (KAUST, Nov 2013)
Startup Metrics for Pirates (KAUST, Nov 2013)
Dave McClure
 

What's hot (20)

Startup Metrics for Pirates (Sept 2010, Vancouver)
Startup Metrics for Pirates (Sept 2010, Vancouver)Startup Metrics for Pirates (Sept 2010, Vancouver)
Startup Metrics for Pirates (Sept 2010, Vancouver)
 
Hopelessly Addicted to Web 2.0, Social Networks, & Facebook
Hopelessly Addicted to Web 2.0, Social Networks, & FacebookHopelessly Addicted to Web 2.0, Social Networks, & Facebook
Hopelessly Addicted to Web 2.0, Social Networks, & Facebook
 
Building Startup Ecosystems (Berlin, June 2015)
Building Startup Ecosystems (Berlin, June 2015)Building Startup Ecosystems (Berlin, June 2015)
Building Startup Ecosystems (Berlin, June 2015)
 
Startup Metrics for Pirates (Chicago, Aug 2010)
Startup Metrics for Pirates (Chicago, Aug 2010)Startup Metrics for Pirates (Chicago, Aug 2010)
Startup Metrics for Pirates (Chicago, Aug 2010)
 
Beating The Series A Crunch (thru clean living & growth hacking :)
Beating The Series A Crunch (thru clean living & growth hacking :)Beating The Series A Crunch (thru clean living & growth hacking :)
Beating The Series A Crunch (thru clean living & growth hacking :)
 
Startup Metrics 4 Pirates (July 2010)
Startup Metrics 4 Pirates (July 2010)Startup Metrics 4 Pirates (July 2010)
Startup Metrics 4 Pirates (July 2010)
 
VC 2.0: The Lean Investor (Sept 2010)
VC 2.0: The Lean Investor (Sept 2010)VC 2.0: The Lean Investor (Sept 2010)
VC 2.0: The Lean Investor (Sept 2010)
 
Silicon Valley 2.0: Lean Startup, Lean VC
Silicon Valley 2.0: Lean Startup, Lean VCSilicon Valley 2.0: Lean Startup, Lean VC
Silicon Valley 2.0: Lean Startup, Lean VC
 
US Startup Investment Market (Startonomics Tokyo, June 2009)
US Startup Investment Market (Startonomics Tokyo, June 2009)US Startup Investment Market (Startonomics Tokyo, June 2009)
US Startup Investment Market (Startonomics Tokyo, June 2009)
 
How 2 Pitch a VC (New Delhi, Dec 2011)
How 2 Pitch a VC (New Delhi, Dec 2011)How 2 Pitch a VC (New Delhi, Dec 2011)
How 2 Pitch a VC (New Delhi, Dec 2011)
 
Startup 2.0: From Silicon Valley to Hong Kong
Startup 2.0: From Silicon Valley to Hong KongStartup 2.0: From Silicon Valley to Hong Kong
Startup 2.0: From Silicon Valley to Hong Kong
 
Hong Kong 2.0: The Lean VC
Hong Kong 2.0: The Lean VCHong Kong 2.0: The Lean VC
Hong Kong 2.0: The Lean VC
 
Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Madrid, June 2016)
 
Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)
Farming Unicorns: Building Startup & Investor Ecosystems (Dublin, June 2016)
 
Startup Metrics for Pirates (SF, Jan 2010)
Startup Metrics for Pirates (SF, Jan 2010)Startup Metrics for Pirates (SF, Jan 2010)
Startup Metrics for Pirates (SF, Jan 2010)
 
Startup Metrics for Pirates (Foo Camp 2008)
Startup Metrics for Pirates (Foo Camp 2008)Startup Metrics for Pirates (Foo Camp 2008)
Startup Metrics for Pirates (Foo Camp 2008)
 
The Lean VC (Sapporo, May 2011)
The Lean VC (Sapporo, May 2011)The Lean VC (Sapporo, May 2011)
The Lean VC (Sapporo, May 2011)
 
Startup Metrics for Pirates (Aug 2010)
Startup Metrics for Pirates (Aug 2010)Startup Metrics for Pirates (Aug 2010)
Startup Metrics for Pirates (Aug 2010)
 
Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...
Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...
Investing in Tech Startups & Building Startup Ecosystems (PreMoney Miami, Mar...
 
Startup Metrics for Pirates (KAUST, Nov 2013)
Startup Metrics for Pirates (KAUST, Nov 2013)Startup Metrics for Pirates (KAUST, Nov 2013)
Startup Metrics for Pirates (KAUST, Nov 2013)
 

Viewers also liked

Startup & VC Tech Trends
Startup & VC Tech Trends Startup & VC Tech Trends
Startup & VC Tech Trends
Dave McClure
 
Farming Unicorns: Building Startup & Investor Ecosystems for Emerging Markets
Farming Unicorns: Building Startup & Investor Ecosystems for Emerging MarketsFarming Unicorns: Building Startup & Investor Ecosystems for Emerging Markets
Farming Unicorns: Building Startup & Investor Ecosystems for Emerging Markets
Dave McClure
 
Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...
Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...
Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...
Dave McClure
 
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Dave McClure
 
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Dave McClure
 
500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"
500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"
500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"
Dave McClure
 
Farming Unicorns: Building Startup & Investor Ecosystems
Farming Unicorns: Building Startup & Investor EcosystemsFarming Unicorns: Building Startup & Investor Ecosystems
Farming Unicorns: Building Startup & Investor Ecosystems
Dave McClure
 
The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)
The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)
The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)
Dave McClure
 
Farming Unicorns in Emerging Markets (Dubai, Oct 2016) #Gitex
Farming Unicorns in Emerging Markets (Dubai, Oct 2016) #GitexFarming Unicorns in Emerging Markets (Dubai, Oct 2016) #Gitex
Farming Unicorns in Emerging Markets (Dubai, Oct 2016) #Gitex
Dave McClure
 
Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...
Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...
Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...
Dave McClure
 
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Dave McClure
 
Startup Metrics for Pirates
Startup Metrics for PiratesStartup Metrics for Pirates
Startup Metrics for Pirates
Dave McClure
 
How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...
How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...
How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...
Dave McClure
 
Investment Thesis Fundamentals (April 2016)
Investment Thesis Fundamentals (April 2016)Investment Thesis Fundamentals (April 2016)
Investment Thesis Fundamentals (April 2016)
Dave McClure
 
2017 1 q conference presentation tgt -final for posting
2017 1 q conference presentation tgt -final for posting2017 1 q conference presentation tgt -final for posting
2017 1 q conference presentation tgt -final for posting
investor_phillips66
 
Investor Presentation August 2013
Investor Presentation August 2013Investor Presentation August 2013
Investor Presentation August 2013
Intact
 
Investor Presentation September 2013
Investor Presentation September 2013Investor Presentation September 2013
Investor Presentation September 2013
Intact
 
Investor Presentation May 2013
Investor Presentation May 2013Investor Presentation May 2013
Investor Presentation May 2013
Intact
 
Investor presenation november 2012
Investor presenation   november 2012Investor presenation   november 2012
Investor presenation november 2012
Intact
 
Präsentation Anlegerstudie 2012 / EQS Roadshow
Präsentation Anlegerstudie 2012 / EQS RoadshowPräsentation Anlegerstudie 2012 / EQS Roadshow
Präsentation Anlegerstudie 2012 / EQS Roadshow
Kristin Koehler
 

Viewers also liked (20)

Startup & VC Tech Trends
Startup & VC Tech Trends Startup & VC Tech Trends
Startup & VC Tech Trends
 
Farming Unicorns: Building Startup & Investor Ecosystems for Emerging Markets
Farming Unicorns: Building Startup & Investor Ecosystems for Emerging MarketsFarming Unicorns: Building Startup & Investor Ecosystems for Emerging Markets
Farming Unicorns: Building Startup & Investor Ecosystems for Emerging Markets
 
Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...
Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...
Farming Unicorns: Building Startup & Investor Ecosystems in Emerging Markets ...
 
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
 
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
 
500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"
500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"
500 Startups #Batch17 #DemoDay: "Beauty and the GEEK"
 
Farming Unicorns: Building Startup & Investor Ecosystems
Farming Unicorns: Building Startup & Investor EcosystemsFarming Unicorns: Building Startup & Investor Ecosystems
Farming Unicorns: Building Startup & Investor Ecosystems
 
The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)
The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)
The Unicorn Hedge: Why Are Corporations Buying Unicorns? (Madrid, Oct 2016)
 
Farming Unicorns in Emerging Markets (Dubai, Oct 2016) #Gitex
Farming Unicorns in Emerging Markets (Dubai, Oct 2016) #GitexFarming Unicorns in Emerging Markets (Dubai, Oct 2016) #Gitex
Farming Unicorns in Emerging Markets (Dubai, Oct 2016) #Gitex
 
Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...
Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...
Dinosaurs vs Unicorns aka "Bubble My Ass, All Dinosaurs Gonna Die" (London, J...
 
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
Build Your Own Valley: Engineering Startup & Investor Ecosystems in Emerging ...
 
Startup Metrics for Pirates
Startup Metrics for PiratesStartup Metrics for Pirates
Startup Metrics for Pirates
 
How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...
How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...
How to Win Friends, Influence People, and Get a Better Valuation with Emoji, ...
 
Investment Thesis Fundamentals (April 2016)
Investment Thesis Fundamentals (April 2016)Investment Thesis Fundamentals (April 2016)
Investment Thesis Fundamentals (April 2016)
 
2017 1 q conference presentation tgt -final for posting
2017 1 q conference presentation tgt -final for posting2017 1 q conference presentation tgt -final for posting
2017 1 q conference presentation tgt -final for posting
 
Investor Presentation August 2013
Investor Presentation August 2013Investor Presentation August 2013
Investor Presentation August 2013
 
Investor Presentation September 2013
Investor Presentation September 2013Investor Presentation September 2013
Investor Presentation September 2013
 
Investor Presentation May 2013
Investor Presentation May 2013Investor Presentation May 2013
Investor Presentation May 2013
 
Investor presenation november 2012
Investor presenation   november 2012Investor presenation   november 2012
Investor presenation november 2012
 
Präsentation Anlegerstudie 2012 / EQS Roadshow
Präsentation Anlegerstudie 2012 / EQS RoadshowPräsentation Anlegerstudie 2012 / EQS Roadshow
Präsentation Anlegerstudie 2012 / EQS Roadshow
 

Similar to Farming Unicorns: Building Startup & Investor Ecosystems (Stanford, June 2016)

Venture Capital Unlocked (Stanford) / Venture Capital 2.0
Venture Capital Unlocked (Stanford) / Venture Capital 2.0Venture Capital Unlocked (Stanford) / Venture Capital 2.0
Venture Capital Unlocked (Stanford) / Venture Capital 2.0
Dave McClure
 
From 500 Startups to 500 VCs
From 500 Startups to 500 VCsFrom 500 Startups to 500 VCs
From 500 Startups to 500 VCs
Dave McClure
 
Lean, Little Cockroach Startup
Lean, Little Cockroach StartupLean, Little Cockroach Startup
Lean, Little Cockroach Startup
Dave McClure
 
Building Startup Ecosystems + Investing in Tech Startups
Building Startup Ecosystems + Investing in Tech StartupsBuilding Startup Ecosystems + Investing in Tech Startups
Building Startup Ecosystems + Investing in Tech Startups
Dave McClure
 
Changes in Venture Capital (Pioneers, Vienna)
Changes in Venture Capital (Pioneers, Vienna)Changes in Venture Capital (Pioneers, Vienna)
Changes in Venture Capital (Pioneers, Vienna)
Dave McClure
 
Building #500STRONG
Building #500STRONGBuilding #500STRONG
Building #500STRONG
Dave McClure
 
Building Startup Ecosystems (Seoul, Oct 2014)
Building Startup Ecosystems (Seoul, Oct 2014)Building Startup Ecosystems (Seoul, Oct 2014)
Building Startup Ecosystems (Seoul, Oct 2014)
Dave McClure
 
[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...
[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...
[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...
500 Startups
 
Building Startup Ecosystems (Cairo, Oct 2014)
Building Startup Ecosystems (Cairo, Oct 2014)Building Startup Ecosystems (Cairo, Oct 2014)
Building Startup Ecosystems (Cairo, Oct 2014)
Dave McClure
 
Silicon Valley 2.0: Make Lots of Little Bets.
Silicon Valley 2.0: Make Lots of Little Bets.Silicon Valley 2.0: Make Lots of Little Bets.
Silicon Valley 2.0: Make Lots of Little Bets.
Dave McClure
 
Building Startup Ecosystems (Denver, Sept 2014)
Building Startup Ecosystems (Denver, Sept 2014)Building Startup Ecosystems (Denver, Sept 2014)
Building Startup Ecosystems (Denver, Sept 2014)
Dave McClure
 
Bringing Silicon Valley to LatAm: Startup Ecosystems & Investment
 Bringing Silicon Valley to LatAm: Startup Ecosystems & Investment Bringing Silicon Valley to LatAm: Startup Ecosystems & Investment
Bringing Silicon Valley to LatAm: Startup Ecosystems & Investment
Dave McClure
 
Building Startup Ecosystems (Istanbul, Sept 2014)
Building Startup Ecosystems (Istanbul, Sept 2014)Building Startup Ecosystems (Istanbul, Sept 2014)
Building Startup Ecosystems (Istanbul, Sept 2014)
Dave McClure
 
Changes in Tech & Venture Capital (Istanbul, Nov 2013)
Changes in Tech & Venture Capital (Istanbul, Nov 2013)Changes in Tech & Venture Capital (Istanbul, Nov 2013)
Changes in Tech & Venture Capital (Istanbul, Nov 2013)
Dave McClure
 
Hack Osaka: Innovation Strategies for Regional Startup Ecosystems
Hack Osaka: Innovation Strategies for Regional Startup EcosystemsHack Osaka: Innovation Strategies for Regional Startup Ecosystems
Hack Osaka: Innovation Strategies for Regional Startup Ecosystems
Dave McClure
 
Building Startup Ecosystems (Bahrain, May 2013)
Building Startup Ecosystems (Bahrain, May 2013)Building Startup Ecosystems (Bahrain, May 2013)
Building Startup Ecosystems (Bahrain, May 2013)
Dave McClure
 
Changes in Venture Capital & Tech Startups (Nov 2013, Mumbai)
Changes in Venture Capital & Tech Startups (Nov 2013, Mumbai)Changes in Venture Capital & Tech Startups (Nov 2013, Mumbai)
Changes in Venture Capital & Tech Startups (Nov 2013, Mumbai)
Dave McClure
 
Changes in VC + Building Startup Ecosystems
Changes in VC + Building Startup EcosystemsChanges in VC + Building Startup Ecosystems
Changes in VC + Building Startup Ecosystems
Dave McClure
 
Startup Organizer Summit (Rio, 2013)
Startup Organizer Summit (Rio, 2013)Startup Organizer Summit (Rio, 2013)
Startup Organizer Summit (Rio, 2013)
Dave McClure
 
Silicon Valley 2.0: Lots of Little Bets + Beating the Series A Crunch
Silicon Valley 2.0: Lots of Little Bets + Beating the Series A CrunchSilicon Valley 2.0: Lots of Little Bets + Beating the Series A Crunch
Silicon Valley 2.0: Lots of Little Bets + Beating the Series A Crunch
Dave McClure
 

Similar to Farming Unicorns: Building Startup & Investor Ecosystems (Stanford, June 2016) (20)

Venture Capital Unlocked (Stanford) / Venture Capital 2.0
Venture Capital Unlocked (Stanford) / Venture Capital 2.0Venture Capital Unlocked (Stanford) / Venture Capital 2.0
Venture Capital Unlocked (Stanford) / Venture Capital 2.0
 
From 500 Startups to 500 VCs
From 500 Startups to 500 VCsFrom 500 Startups to 500 VCs
From 500 Startups to 500 VCs
 
Lean, Little Cockroach Startup
Lean, Little Cockroach StartupLean, Little Cockroach Startup
Lean, Little Cockroach Startup
 
Building Startup Ecosystems + Investing in Tech Startups
Building Startup Ecosystems + Investing in Tech StartupsBuilding Startup Ecosystems + Investing in Tech Startups
Building Startup Ecosystems + Investing in Tech Startups
 
Changes in Venture Capital (Pioneers, Vienna)
Changes in Venture Capital (Pioneers, Vienna)Changes in Venture Capital (Pioneers, Vienna)
Changes in Venture Capital (Pioneers, Vienna)
 
Building #500STRONG
Building #500STRONGBuilding #500STRONG
Building #500STRONG
 
Building Startup Ecosystems (Seoul, Oct 2014)
Building Startup Ecosystems (Seoul, Oct 2014)Building Startup Ecosystems (Seoul, Oct 2014)
Building Startup Ecosystems (Seoul, Oct 2014)
 
[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...
[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...
[PREMONEY MIAMI] 500 Startups >> Dave McClure, "4 Years of Moneyball & 950+ S...
 
Building Startup Ecosystems (Cairo, Oct 2014)
Building Startup Ecosystems (Cairo, Oct 2014)Building Startup Ecosystems (Cairo, Oct 2014)
Building Startup Ecosystems (Cairo, Oct 2014)
 
Silicon Valley 2.0: Make Lots of Little Bets.
Silicon Valley 2.0: Make Lots of Little Bets.Silicon Valley 2.0: Make Lots of Little Bets.
Silicon Valley 2.0: Make Lots of Little Bets.
 
Building Startup Ecosystems (Denver, Sept 2014)
Building Startup Ecosystems (Denver, Sept 2014)Building Startup Ecosystems (Denver, Sept 2014)
Building Startup Ecosystems (Denver, Sept 2014)
 
Bringing Silicon Valley to LatAm: Startup Ecosystems & Investment
 Bringing Silicon Valley to LatAm: Startup Ecosystems & Investment Bringing Silicon Valley to LatAm: Startup Ecosystems & Investment
Bringing Silicon Valley to LatAm: Startup Ecosystems & Investment
 
Building Startup Ecosystems (Istanbul, Sept 2014)
Building Startup Ecosystems (Istanbul, Sept 2014)Building Startup Ecosystems (Istanbul, Sept 2014)
Building Startup Ecosystems (Istanbul, Sept 2014)
 
Changes in Tech & Venture Capital (Istanbul, Nov 2013)
Changes in Tech & Venture Capital (Istanbul, Nov 2013)Changes in Tech & Venture Capital (Istanbul, Nov 2013)
Changes in Tech & Venture Capital (Istanbul, Nov 2013)
 
Hack Osaka: Innovation Strategies for Regional Startup Ecosystems
Hack Osaka: Innovation Strategies for Regional Startup EcosystemsHack Osaka: Innovation Strategies for Regional Startup Ecosystems
Hack Osaka: Innovation Strategies for Regional Startup Ecosystems
 
Building Startup Ecosystems (Bahrain, May 2013)
Building Startup Ecosystems (Bahrain, May 2013)Building Startup Ecosystems (Bahrain, May 2013)
Building Startup Ecosystems (Bahrain, May 2013)
 
Changes in Venture Capital & Tech Startups (Nov 2013, Mumbai)
Changes in Venture Capital & Tech Startups (Nov 2013, Mumbai)Changes in Venture Capital & Tech Startups (Nov 2013, Mumbai)
Changes in Venture Capital & Tech Startups (Nov 2013, Mumbai)
 
Changes in VC + Building Startup Ecosystems
Changes in VC + Building Startup EcosystemsChanges in VC + Building Startup Ecosystems
Changes in VC + Building Startup Ecosystems
 
Startup Organizer Summit (Rio, 2013)
Startup Organizer Summit (Rio, 2013)Startup Organizer Summit (Rio, 2013)
Startup Organizer Summit (Rio, 2013)
 
Silicon Valley 2.0: Lots of Little Bets + Beating the Series A Crunch
Silicon Valley 2.0: Lots of Little Bets + Beating the Series A CrunchSilicon Valley 2.0: Lots of Little Bets + Beating the Series A Crunch
Silicon Valley 2.0: Lots of Little Bets + Beating the Series A Crunch
 

More from Dave McClure

How to VC: Creating a VC fund portfolio model
How to VC: Creating a VC fund portfolio modelHow to VC: Creating a VC fund portfolio model
How to VC: Creating a VC fund portfolio model
Dave McClure
 
VC Marketing and Branding Strategies
VC Marketing and Branding StrategiesVC Marketing and Branding Strategies
VC Marketing and Branding Strategies
Dave McClure
 
The Helpful VC (June 2019)
The Helpful VC (June 2019)The Helpful VC (June 2019)
The Helpful VC (June 2019)
Dave McClure
 
Skip the J-Curve: An Intro to Venture Capital Secondary
Skip the J-Curve: An Intro to Venture Capital SecondarySkip the J-Curve: An Intro to Venture Capital Secondary
Skip the J-Curve: An Intro to Venture Capital Secondary
Dave McClure
 
Tech and Venture Capital in the Time of Corona
Tech and Venture Capital in the Time of Corona Tech and Venture Capital in the Time of Corona
Tech and Venture Capital in the Time of Corona
Dave McClure
 
The Helpful VC
The Helpful VC The Helpful VC
The Helpful VC
Dave McClure
 
Building #500STRONG
Building #500STRONGBuilding #500STRONG
Building #500STRONG
Dave McClure
 
Take a Walk on the Dark Side: Branding for Startups & Sith Lords
Take a Walk on the Dark Side: Branding for Startups & Sith LordsTake a Walk on the Dark Side: Branding for Startups & Sith Lords
Take a Walk on the Dark Side: Branding for Startups & Sith Lords
Dave McClure
 
500 Startups / Batch 16 Demo Day (Q1/2016 update)
500 Startups / Batch 16 Demo Day (Q1/2016 update)500 Startups / Batch 16 Demo Day (Q1/2016 update)
500 Startups / Batch 16 Demo Day (Q1/2016 update)
Dave McClure
 
Startup Metrics for Pirates (FounderX, May 2016)
Startup Metrics for Pirates (FounderX, May 2016)Startup Metrics for Pirates (FounderX, May 2016)
Startup Metrics for Pirates (FounderX, May 2016)
Dave McClure
 
500 Startups #DemoDay #Batch15
500 Startups #DemoDay #Batch15500 Startups #DemoDay #Batch15
500 Startups #DemoDay #Batch15
Dave McClure
 

More from Dave McClure (11)

How to VC: Creating a VC fund portfolio model
How to VC: Creating a VC fund portfolio modelHow to VC: Creating a VC fund portfolio model
How to VC: Creating a VC fund portfolio model
 
VC Marketing and Branding Strategies
VC Marketing and Branding StrategiesVC Marketing and Branding Strategies
VC Marketing and Branding Strategies
 
The Helpful VC (June 2019)
The Helpful VC (June 2019)The Helpful VC (June 2019)
The Helpful VC (June 2019)
 
Skip the J-Curve: An Intro to Venture Capital Secondary
Skip the J-Curve: An Intro to Venture Capital SecondarySkip the J-Curve: An Intro to Venture Capital Secondary
Skip the J-Curve: An Intro to Venture Capital Secondary
 
Tech and Venture Capital in the Time of Corona
Tech and Venture Capital in the Time of Corona Tech and Venture Capital in the Time of Corona
Tech and Venture Capital in the Time of Corona
 
The Helpful VC
The Helpful VC The Helpful VC
The Helpful VC
 
Building #500STRONG
Building #500STRONGBuilding #500STRONG
Building #500STRONG
 
Take a Walk on the Dark Side: Branding for Startups & Sith Lords
Take a Walk on the Dark Side: Branding for Startups & Sith LordsTake a Walk on the Dark Side: Branding for Startups & Sith Lords
Take a Walk on the Dark Side: Branding for Startups & Sith Lords
 
500 Startups / Batch 16 Demo Day (Q1/2016 update)
500 Startups / Batch 16 Demo Day (Q1/2016 update)500 Startups / Batch 16 Demo Day (Q1/2016 update)
500 Startups / Batch 16 Demo Day (Q1/2016 update)
 
Startup Metrics for Pirates (FounderX, May 2016)
Startup Metrics for Pirates (FounderX, May 2016)Startup Metrics for Pirates (FounderX, May 2016)
Startup Metrics for Pirates (FounderX, May 2016)
 
500 Startups #DemoDay #Batch15
500 Startups #DemoDay #Batch15500 Startups #DemoDay #Batch15
500 Startups #DemoDay #Batch15
 

Recently uploaded

制作原版1:1(Monash毕业证)莫纳什大学毕业证成绩单办理假
制作原版1:1(Monash毕业证)莫纳什大学毕业证成绩单办理假制作原版1:1(Monash毕业证)莫纳什大学毕业证成绩单办理假
制作原版1:1(Monash毕业证)莫纳什大学毕业证成绩单办理假
ukwwuq
 
办理毕业证(UPenn毕业证)宾夕法尼亚大学毕业证成绩单快速办理
办理毕业证(UPenn毕业证)宾夕法尼亚大学毕业证成绩单快速办理办理毕业证(UPenn毕业证)宾夕法尼亚大学毕业证成绩单快速办理
办理毕业证(UPenn毕业证)宾夕法尼亚大学毕业证成绩单快速办理
uehowe
 
Ready to Unlock the Power of Blockchain!
Ready to Unlock the Power of Blockchain!Ready to Unlock the Power of Blockchain!
Ready to Unlock the Power of Blockchain!
Toptal Tech
 
manuaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaal
manuaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaalmanuaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaal
manuaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaal
wolfsoftcompanyco
 
不能毕业如何获得(USYD毕业证)悉尼大学毕业证成绩单一比一原版制作
不能毕业如何获得(USYD毕业证)悉尼大学毕业证成绩单一比一原版制作不能毕业如何获得(USYD毕业证)悉尼大学毕业证成绩单一比一原版制作
不能毕业如何获得(USYD毕业证)悉尼大学毕业证成绩单一比一原版制作
bseovas
 
制作毕业证书(ANU毕业证)莫纳什大学毕业证成绩单官方原版办理
制作毕业证书(ANU毕业证)莫纳什大学毕业证成绩单官方原版办理制作毕业证书(ANU毕业证)莫纳什大学毕业证成绩单官方原版办理
制作毕业证书(ANU毕业证)莫纳什大学毕业证成绩单官方原版办理
cuobya
 
国外证书(Lincoln毕业证)新西兰林肯大学毕业证成绩单不能毕业办理
国外证书(Lincoln毕业证)新西兰林肯大学毕业证成绩单不能毕业办理国外证书(Lincoln毕业证)新西兰林肯大学毕业证成绩单不能毕业办理
国外证书(Lincoln毕业证)新西兰林肯大学毕业证成绩单不能毕业办理
zoowe
 
重新申请毕业证书(RMIT毕业证)皇家墨尔本理工大学毕业证成绩单精仿办理
重新申请毕业证书(RMIT毕业证)皇家墨尔本理工大学毕业证成绩单精仿办理重新申请毕业证书(RMIT毕业证)皇家墨尔本理工大学毕业证成绩单精仿办理
重新申请毕业证书(RMIT毕业证)皇家墨尔本理工大学毕业证成绩单精仿办理
vmemo1
 
Discover the benefits of outsourcing SEO to India
Discover the benefits of outsourcing SEO to IndiaDiscover the benefits of outsourcing SEO to India
Discover the benefits of outsourcing SEO to India
davidjhones387
 
Azure EA Sponsorship - Customer Guide.pdf
Azure EA Sponsorship - Customer Guide.pdfAzure EA Sponsorship - Customer Guide.pdf
Azure EA Sponsorship - Customer Guide.pdf
AanSulistiyo
 
Should Repositories Participate in the Fediverse?
Should Repositories Participate in the Fediverse?Should Repositories Participate in the Fediverse?
Should Repositories Participate in the Fediverse?
Paul Walk
 
[HUN][hackersuli] Red Teaming alapok 2024
[HUN][hackersuli] Red Teaming alapok 2024[HUN][hackersuli] Red Teaming alapok 2024
[HUN][hackersuli] Red Teaming alapok 2024
hackersuli
 
Design Thinking NETFLIX using all techniques.pptx
Design Thinking NETFLIX using all techniques.pptxDesign Thinking NETFLIX using all techniques.pptx
Design Thinking NETFLIX using all techniques.pptx
saathvikreddy2003
 
假文凭国外(Adelaide毕业证)澳大利亚国立大学毕业证成绩单办理
假文凭国外(Adelaide毕业证)澳大利亚国立大学毕业证成绩单办理假文凭国外(Adelaide毕业证)澳大利亚国立大学毕业证成绩单办理
假文凭国外(Adelaide毕业证)澳大利亚国立大学毕业证成绩单办理
cuobya
 
可查真实(Monash毕业证)西澳大学毕业证成绩单退学买
可查真实(Monash毕业证)西澳大学毕业证成绩单退学买可查真实(Monash毕业证)西澳大学毕业证成绩单退学买
可查真实(Monash毕业证)西澳大学毕业证成绩单退学买
cuobya
 
Gen Z and the marketplaces - let's translate their needs
Gen Z and the marketplaces - let's translate their needsGen Z and the marketplaces - let's translate their needs
Gen Z and the marketplaces - let's translate their needs
Laura Szabó
 
Search Result Showing My Post is Now Buried
Search Result Showing My Post is Now BuriedSearch Result Showing My Post is Now Buried
Search Result Showing My Post is Now Buried
Trish Parr
 
学位认证网(DU毕业证)迪肯大学毕业证成绩单一比一原版制作
学位认证网(DU毕业证)迪肯大学毕业证成绩单一比一原版制作学位认证网(DU毕业证)迪肯大学毕业证成绩单一比一原版制作
学位认证网(DU毕业证)迪肯大学毕业证成绩单一比一原版制作
zyfovom
 
HijackLoader Evolution: Interactive Process Hollowing
HijackLoader Evolution: Interactive Process HollowingHijackLoader Evolution: Interactive Process Hollowing
HijackLoader Evolution: Interactive Process Hollowing
Donato Onofri
 
存档可查的(USC毕业证)南加利福尼亚大学毕业证成绩单制做办理
存档可查的(USC毕业证)南加利福尼亚大学毕业证成绩单制做办理存档可查的(USC毕业证)南加利福尼亚大学毕业证成绩单制做办理
存档可查的(USC毕业证)南加利福尼亚大学毕业证成绩单制做办理
fovkoyb
 

Recently uploaded (20)

制作原版1:1(Monash毕业证)莫纳什大学毕业证成绩单办理假
制作原版1:1(Monash毕业证)莫纳什大学毕业证成绩单办理假制作原版1:1(Monash毕业证)莫纳什大学毕业证成绩单办理假
制作原版1:1(Monash毕业证)莫纳什大学毕业证成绩单办理假
 
办理毕业证(UPenn毕业证)宾夕法尼亚大学毕业证成绩单快速办理
办理毕业证(UPenn毕业证)宾夕法尼亚大学毕业证成绩单快速办理办理毕业证(UPenn毕业证)宾夕法尼亚大学毕业证成绩单快速办理
办理毕业证(UPenn毕业证)宾夕法尼亚大学毕业证成绩单快速办理
 
Ready to Unlock the Power of Blockchain!
Ready to Unlock the Power of Blockchain!Ready to Unlock the Power of Blockchain!
Ready to Unlock the Power of Blockchain!
 
manuaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaal
manuaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaalmanuaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaal
manuaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaal
 
不能毕业如何获得(USYD毕业证)悉尼大学毕业证成绩单一比一原版制作
不能毕业如何获得(USYD毕业证)悉尼大学毕业证成绩单一比一原版制作不能毕业如何获得(USYD毕业证)悉尼大学毕业证成绩单一比一原版制作
不能毕业如何获得(USYD毕业证)悉尼大学毕业证成绩单一比一原版制作
 
制作毕业证书(ANU毕业证)莫纳什大学毕业证成绩单官方原版办理
制作毕业证书(ANU毕业证)莫纳什大学毕业证成绩单官方原版办理制作毕业证书(ANU毕业证)莫纳什大学毕业证成绩单官方原版办理
制作毕业证书(ANU毕业证)莫纳什大学毕业证成绩单官方原版办理
 
国外证书(Lincoln毕业证)新西兰林肯大学毕业证成绩单不能毕业办理
国外证书(Lincoln毕业证)新西兰林肯大学毕业证成绩单不能毕业办理国外证书(Lincoln毕业证)新西兰林肯大学毕业证成绩单不能毕业办理
国外证书(Lincoln毕业证)新西兰林肯大学毕业证成绩单不能毕业办理
 
重新申请毕业证书(RMIT毕业证)皇家墨尔本理工大学毕业证成绩单精仿办理
重新申请毕业证书(RMIT毕业证)皇家墨尔本理工大学毕业证成绩单精仿办理重新申请毕业证书(RMIT毕业证)皇家墨尔本理工大学毕业证成绩单精仿办理
重新申请毕业证书(RMIT毕业证)皇家墨尔本理工大学毕业证成绩单精仿办理
 
Discover the benefits of outsourcing SEO to India
Discover the benefits of outsourcing SEO to IndiaDiscover the benefits of outsourcing SEO to India
Discover the benefits of outsourcing SEO to India
 
Azure EA Sponsorship - Customer Guide.pdf
Azure EA Sponsorship - Customer Guide.pdfAzure EA Sponsorship - Customer Guide.pdf
Azure EA Sponsorship - Customer Guide.pdf
 
Should Repositories Participate in the Fediverse?
Should Repositories Participate in the Fediverse?Should Repositories Participate in the Fediverse?
Should Repositories Participate in the Fediverse?
 
[HUN][hackersuli] Red Teaming alapok 2024
[HUN][hackersuli] Red Teaming alapok 2024[HUN][hackersuli] Red Teaming alapok 2024
[HUN][hackersuli] Red Teaming alapok 2024
 
Design Thinking NETFLIX using all techniques.pptx
Design Thinking NETFLIX using all techniques.pptxDesign Thinking NETFLIX using all techniques.pptx
Design Thinking NETFLIX using all techniques.pptx
 
假文凭国外(Adelaide毕业证)澳大利亚国立大学毕业证成绩单办理
假文凭国外(Adelaide毕业证)澳大利亚国立大学毕业证成绩单办理假文凭国外(Adelaide毕业证)澳大利亚国立大学毕业证成绩单办理
假文凭国外(Adelaide毕业证)澳大利亚国立大学毕业证成绩单办理
 
可查真实(Monash毕业证)西澳大学毕业证成绩单退学买
可查真实(Monash毕业证)西澳大学毕业证成绩单退学买可查真实(Monash毕业证)西澳大学毕业证成绩单退学买
可查真实(Monash毕业证)西澳大学毕业证成绩单退学买
 
Gen Z and the marketplaces - let's translate their needs
Gen Z and the marketplaces - let's translate their needsGen Z and the marketplaces - let's translate their needs
Gen Z and the marketplaces - let's translate their needs
 
Search Result Showing My Post is Now Buried
Search Result Showing My Post is Now BuriedSearch Result Showing My Post is Now Buried
Search Result Showing My Post is Now Buried
 
学位认证网(DU毕业证)迪肯大学毕业证成绩单一比一原版制作
学位认证网(DU毕业证)迪肯大学毕业证成绩单一比一原版制作学位认证网(DU毕业证)迪肯大学毕业证成绩单一比一原版制作
学位认证网(DU毕业证)迪肯大学毕业证成绩单一比一原版制作
 
HijackLoader Evolution: Interactive Process Hollowing
HijackLoader Evolution: Interactive Process HollowingHijackLoader Evolution: Interactive Process Hollowing
HijackLoader Evolution: Interactive Process Hollowing
 
存档可查的(USC毕业证)南加利福尼亚大学毕业证成绩单制做办理
存档可查的(USC毕业证)南加利福尼亚大学毕业证成绩单制做办理存档可查的(USC毕业证)南加利福尼亚大学毕业证成绩单制做办理
存档可查的(USC毕业证)南加利福尼亚大学毕业证成绩单制做办理
 

Farming Unicorns: Building Startup & Investor Ecosystems (Stanford, June 2016)

  • 1. @DaveMcClure @500Startups http://500.co Stanford - June 2016 Farming Unicorns Building Startup & Investor Ecosystems
  • 2. Dave McClure
 Founding Partner, 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
  • 3. • What is 500? – $250M silicon valley VC fund + startup accelerator – 125 people / 25 languages / 20 countries – 1500+ Companies / 3000+ Founders / 200+ Mentors – Investment, Accelerator, Distro, Marketing, Events, Education – Community + Content + Conferences • 1500+ Co’s / 50+ Countries – Credit Karma – Twilio – Grab – Wildfire (acq GOOG, $350M) – MakerBot (acq SSYS, $400M) – Viki (acq Rakuten, $200M) – Behance (acq Adobe, $150M) – Simple (acq BBVA, $117M) – Sunrise (acq MSFT, $100M) – Udemy – Ipsy – TalkDesk – Intercom 500 Startups
 Global Seed Fund & Startup Accelerator
  • 4. How Many Startups to Get to 1 Unicorn?
  • 5. Perils of Becoming a Unicorn (Before/After IPO) 2009 2016 Jeff Lawson, Founder/CEO Twilio (NYSE:TWLO)
  • 6. Investor Ecosystem Angels & Incubators ($0-10M) “Seed” Funds ($10-100M) “Traditional” VC Funds ($100-500M) “Unicorn” VC Funds (>$500M) Incubation 0-$100K Seed $100K-$1M Series A/B $1-10M Series B/C $10-100M Bootstrap, KickStarter, AngelList, Crowdfunding
  • 7. Dinosaurs vs. Cockroaches
 LEAN Startup: Simpler, Faster, Cheaper, Smarter 1996 ”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 2016 ”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
  • 10. 99 VC Problems But a Batch Ain’t 1 10 http://bit.ly/99VCProblems
  • 11. Q: Chances of spotting unicorn?/ a) 1% b) 2% c) 5% d) 10% e) ZERO
  • 13. If portfolio size = 15 companies/
  • 14. / If portfolio size = 30 companies
  • 15. / If portfolio size = 100 companies
  • 16. 500 Strategy: Lots of Little Bets* 1) make lots of little bets on early-stage startups when they’re just getting started 3) wait 5-10 years for returns: -10-20% small exits @1-5X ($5-25M+) -5-10% larger exits @5-20X ($25-250M+) -1-2% unicorns @20-50X+ ($250M-1B+) *See Peter Sims book: “Little Bets” 2) over the next five years, double-down on top 20-30% ~500 co’s @ $100K 1st checks 100+ co’s @ $200-500K 2nd/3rd checks (hope for a few big exits @ $100M-$1B+) (assume high failure rate ~50-80%)
  • 17. The Lean Investor Make lots of little bets: • Start with many small “experiments” • Filter out failures + small wins • Double-down on stuff that looks like it’s working • Incubation: $0-100K (“Build & Validate Product”) • Seed: $100K-$1M (“Test & Grow Marketing Channels””) • Venture: $1M-$10M (“Maximize Growth & Revenue”)
  • 18. Startup Risk Reduction Concept Early Customer Usage Scalable Customer Acquisition [about to be] Profitable Unit Economics Scalable Profitable Business Functional Prototype PRODUCT MARKET REVENUE Exit? When 500 Likes to Invest
  • 19. Investment Stage #1: 
 Product Validation + Customer Usage • Structure – 1-3 founders – $0-$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
  • 20. 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
  • 21. 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
  • 23. Critical Ecosystem Factors • Optimism & Belief (“Silicon Valley”) • Mentorship + Education (Knowledge) • Universities + Companies (People) • Capital, Legal, Finance (Infrastructure) • Engineering + Design / UX (Product) • Platforms + Distribution (Customers) • Online Payments (Monetization) • IPO / M&A Market (Exits)
  • 24. Investing Resources • The Venture Capital Cycle (Gompers, Lerner) • Venture Deals (Feld, Mendelson) • Angel Investing (Rose) • Venture Hacks (Naval, Nivi) • blogs: Fred Wilson, Brad Feld, Mark Suster • Quora: Jason Lemkin, David Rose, etc
  • 25. Questions? Comments? • More Info? – http://500.co (our company) – http://500hats.com (my blog) – https://angel.co/500startups (our fund) – Dave McClure, @DaveMcClure