INTRODUCTION
StartNowHow
• Open seminar series for active and prospective entrepreneurs
• 10 sessions on monthly basis until summer 2016
• Covers relevant theoretical and practical aspects of entrepreneurship
• Based on lecture „entrepreneurship“ @Bogazici University
• Based on experiences of entrepreneurs, investors, mentors and consultants
• Each session with guest speaker (entrepreneurs, investors, mentors, etc.)
• Language: English / Turkish
• Thursdays 17.15h – 19.30h
• Next session: Mon 15.October 2015
• Certificate provided for participants joining at least 70% of the sessions
• Early registration for each session required (eventbrite), limited capacity!
• Priority for regular participants
Startnowhow – Seminar 101.10.2015 2
INTRODUCTION
StartNowHow - Seminar Topics (preliminary)
1. Thu 1.10.15: The entrepreneurial ecosystem in Turkey
2. Thu 15.10.15. Entrepreneurship as a profession
3. Thu 12.11.15: Opportunity recognition and evaluation
4. Thu 10.12.15: Planning, developing and testing a business model
5. Thu 7.1.16: Market and competitor research
6. Thu 11.2.16 (tbc): Financial planning for startups
7. Thu 10.3.16 (tbc): Digital Marketing planning and control
8. Thu 14.4.16 (tbc): Funding the startup – stage financing for ventures
9. Thu 12.5.16 (tbc): The investment process – pitching, negotiations and
termsheet
10. Thu 9.6.16 (tbc): Success and failure as an entrepreneur
Startnowhow – Seminar 101.10.2015 3
ENTREPRENEURIALECOSYSTEM
Entrepreneurship
• Entrepreneurship: The process of creating something new with value by
devoting the necessary time and effort, assuming the accompanying financial,
psychic, and social risks and uncertainties, and receiving rewards of monetary
and personal satisfaction.
(Hisrich / Peters / Shepherd, Entrepreneurship, p.6)
• Creating something new of value
• Devotion of necessary time and effort
• Receiving the rewards of being an entrepreneur
• Assuming the necessary risks and uncertainties
• Entrepreneurship – the short definition: Entrepreneurship is the process of
changing ideas into commercial opportunities and creating value.
(Leach / Melicher, Entrepreneurial Finance, p. 7)
Startnowhow – Seminar 101.10.2015 4
ENTREPRENEURIALECOSYSTEM
Entrepreneurship and Innovation
Startnowhow – Seminar 1
Source: Bygrave / Zacharakis, The Portable MBA in Entrepreneurship,, p.32
01.10.2015 5
ENTREPRENEURIALECOSYSTEM
Economic Relevance of Entrepreneurship
• Entrepreneurship became relevant research and policy area (economics, politics)
• OECD-model (OECD-Eurostat entrepreneurship indicators program, since 2006)
• (taken from: OECD, Measuring Entrpreneurship: A Collection of Indicators, 2009,
http://www.oecd.org/dataoecd/44/27/44069965.pdf)
• Global Entrepreneurship Model (GEM) measures and compares entrepreneurship
conditions and developments on international level (http://www.gemconsortium.org)
• http://www.gemconsortium.org/docs/download/2200(2011 report)
• Due to economic relevance, intensive academic and policy work for promoting
entrepreneurship (Examples: Drucker, Innovation and Entrepreneurship, pp.229 ff.; Lerner,
Boulevard of Broken Dreams, etc.)
Startnowhow – Seminar 101.10.2015 6
ENTREPRENEURIALECOSYSTEM
Economic Relevance of Entrepreneurship
Startnowhow – Seminar 1
Source: Bosma / Wennekers / Amoros, GEM Global Entrepreneurship Monitor, 2011 Extended Report, 2012,
p. 13
Source: GEM - Reportx 2010 - 2013
01.10.2015 7
ENTREPRENEURIALECOSYSTEM
Entrepreneurial Activity – 2011 vs. 2010
Startnowhow – Seminar 1
Source: Bosma / Wennekers / Amoros, GEM Global Entrepreneurship Monitor, 2011 Extended Global Report, p.21
Source: Kelly / Bosma / Amoros, GEM Global Entrepreneurship Monitor, 2010 Global Report, 2010, p.24
2010
2011
01.10.2015 8
ENTREPRENEURIALECOSYSTEM
Entrepreneur Profiles: Gender
Startnowhow – Seminar 1
Source: Kelly / Bosma / Amoros, GEM Global Entrepreneurship Monitor, 2010 Global Report, 2010, p.36
01.10.2015 9
ENTREPRENEURIALECOSYSTEM
R&D Grant Programs
Startnowhow – Seminar 1
Source: Novicor
01.10.2015 10
ENTREPRENEURIALECOSYSTEM
Tax Incentives
Startnowhow – Seminar 1
Source: Novicor
01.10.2015 11
ENTREPRENEURIALECOSYSTEM
Business Angel Legislation
Startnowhow – Seminar 1
Source: Treasury
01.10.2015 12
ENTREPRENEURIALECOSYSTEM
Events: Startup Turkey, Startup Istanbul, Etohum
Startnowhow – Seminar 1
Source: www.etohum.com
01.10.2015 13
ENTREPRENEURIALECOSYSTEM
Accelerator: Pilott
Startnowhow – Seminar 101.10.2015 14
ENTREPRENEURIALECOSYSTEM
Angel Networks
Startnowhow – Seminar 101.10.2015 15
ENTREPRENEURIALECOSYSTEM
Venture Capital
Startnowhow – Seminar 101.10.2015 16
OURINVESTMENTAPPROACH
Startup Applications
Startnowhow – Seminar 1
ENTREPRENEURIALECOSYSTEM
01.10.2015 17
OURINVESTMENTAPPROACH
Success Stories
Startnowhow – Seminar 1
ENTREPRENEURIALECOSYSTEM
01.10.2015 18
ONTARGET
Startnowhow – Seminar 1
01.10.2015
19
OURINVESTMENTAPPROACH
Success Stories
Startnowhow – Seminar 1
ENTREPRENEURIALECOSYSTEM
01.10.2015 20
OUTLOOK
StartNowHow - Literature
• Bowers, Brent, 8 Patterns of Highly Effective Entrepreneurs, Doubleday, New York, NY 2008
• Bygrave, William D. / Zacharaiks, Andrew, The Portable MBA in Entrepreneurship, 4th ed., Wiley,
Hoboken, NJ 2010
• Drucker, Peter F., Innovation and Entrepreneurship, 1st ed. 1985, reprinted 2010, Elsevier, Kiddlington,
2010
• Harper, Stephen C., Extraordinary Entrepreneurship: The Professional’s Guide to Starting an Exceptional
Enterprise, Wiley, Hoboken, NJ 2005
• Hirshberg, Meg Cadoux, For Better or for Work, All Inc., New York, NY 2012
• Hisrich, Robert D. / Peters, Michael P. / Shepherd, Dean A., Entrepreneurship, 9th ed., McGraw-Hill, New
York, NY 2012
• Kuratko, Donald F., Entrepreneurship: Theory, Process, Practice, 8th ed., South-Western, Mason, OH 2009
• Leach, J. Chris / Melicher, Ronald W., Entrepreneurial Finance, International Edition, 4th ed., South-
Western, Hampshire 2012
• Osterwalder, Alexander / Pigneur, Yves, Business Model Generation, Wiley, Hoboken, NJ 2010
• Ries, Eric, The Lean Startup, Crown Business, New York, NY 2011
• Smith, Janet Kiholm / Smith, Richard L. / Bliss, Richard T.,Entrepreneurial Finance – Strategy, Valuation,
and Deal Structure, Standford University Press, Stanford, CA 2011
• Stokes, David / Wilson, Nick, Small Business Management and Entrepreneurship, 6th ed., South-Western,
Hampshire 2010
• Taleb, Nassim Nicholas, The Black Swan – The Impact of the Highly Improbable, revised ed., Penguin,
London 2010
• Timmons, Jeffry A. / Spinelli, Stephen, New Venture Creation – Entrepreneurship for the 21st Century, 9th
ed., McGraw-Hill, New York, NY 2011
Startnowhow – Seminar 101.10.2015 21
OUTLOOK
StartNowHow - Outlook
• Please mail us if you are interested in today‘s presentation or literature hints
• Next Seminar: „Entrepreneurship as a Profession“
• Thursday, 15.10.2015, 17.15 – 19.30h
• Don‘t forget to register early (eventbrite) - capacity is limited!
• Priority for participants / registrants from today‘s session
• General rule: Allocation of seats according to participation
• Regular participation = certificate (70% participation)
Startnowhow – Seminar 101.10.2015 22
BIC ANGEL INVESTMENTS
Dr. Joachim Behrendt
Phone: +90 212 328 1939
Fax: +90 212 328 1933
www.bicangels.com
http:/twitter.com/joachimbehrendt
http://tr.linkedin.com/pub/joachim-behrendt/18/706/a7a
Email: j.behrendt@bicangels.com

Startnowhow - Entrepreneurial Ecoosystem in Turkey

  • 2.
    INTRODUCTION StartNowHow • Open seminarseries for active and prospective entrepreneurs • 10 sessions on monthly basis until summer 2016 • Covers relevant theoretical and practical aspects of entrepreneurship • Based on lecture „entrepreneurship“ @Bogazici University • Based on experiences of entrepreneurs, investors, mentors and consultants • Each session with guest speaker (entrepreneurs, investors, mentors, etc.) • Language: English / Turkish • Thursdays 17.15h – 19.30h • Next session: Mon 15.October 2015 • Certificate provided for participants joining at least 70% of the sessions • Early registration for each session required (eventbrite), limited capacity! • Priority for regular participants Startnowhow – Seminar 101.10.2015 2
  • 3.
    INTRODUCTION StartNowHow - SeminarTopics (preliminary) 1. Thu 1.10.15: The entrepreneurial ecosystem in Turkey 2. Thu 15.10.15. Entrepreneurship as a profession 3. Thu 12.11.15: Opportunity recognition and evaluation 4. Thu 10.12.15: Planning, developing and testing a business model 5. Thu 7.1.16: Market and competitor research 6. Thu 11.2.16 (tbc): Financial planning for startups 7. Thu 10.3.16 (tbc): Digital Marketing planning and control 8. Thu 14.4.16 (tbc): Funding the startup – stage financing for ventures 9. Thu 12.5.16 (tbc): The investment process – pitching, negotiations and termsheet 10. Thu 9.6.16 (tbc): Success and failure as an entrepreneur Startnowhow – Seminar 101.10.2015 3
  • 4.
    ENTREPRENEURIALECOSYSTEM Entrepreneurship • Entrepreneurship: Theprocess of creating something new with value by devoting the necessary time and effort, assuming the accompanying financial, psychic, and social risks and uncertainties, and receiving rewards of monetary and personal satisfaction. (Hisrich / Peters / Shepherd, Entrepreneurship, p.6) • Creating something new of value • Devotion of necessary time and effort • Receiving the rewards of being an entrepreneur • Assuming the necessary risks and uncertainties • Entrepreneurship – the short definition: Entrepreneurship is the process of changing ideas into commercial opportunities and creating value. (Leach / Melicher, Entrepreneurial Finance, p. 7) Startnowhow – Seminar 101.10.2015 4
  • 5.
    ENTREPRENEURIALECOSYSTEM Entrepreneurship and Innovation Startnowhow– Seminar 1 Source: Bygrave / Zacharakis, The Portable MBA in Entrepreneurship,, p.32 01.10.2015 5
  • 6.
    ENTREPRENEURIALECOSYSTEM Economic Relevance ofEntrepreneurship • Entrepreneurship became relevant research and policy area (economics, politics) • OECD-model (OECD-Eurostat entrepreneurship indicators program, since 2006) • (taken from: OECD, Measuring Entrpreneurship: A Collection of Indicators, 2009, http://www.oecd.org/dataoecd/44/27/44069965.pdf) • Global Entrepreneurship Model (GEM) measures and compares entrepreneurship conditions and developments on international level (http://www.gemconsortium.org) • http://www.gemconsortium.org/docs/download/2200(2011 report) • Due to economic relevance, intensive academic and policy work for promoting entrepreneurship (Examples: Drucker, Innovation and Entrepreneurship, pp.229 ff.; Lerner, Boulevard of Broken Dreams, etc.) Startnowhow – Seminar 101.10.2015 6
  • 7.
    ENTREPRENEURIALECOSYSTEM Economic Relevance ofEntrepreneurship Startnowhow – Seminar 1 Source: Bosma / Wennekers / Amoros, GEM Global Entrepreneurship Monitor, 2011 Extended Report, 2012, p. 13 Source: GEM - Reportx 2010 - 2013 01.10.2015 7
  • 8.
    ENTREPRENEURIALECOSYSTEM Entrepreneurial Activity –2011 vs. 2010 Startnowhow – Seminar 1 Source: Bosma / Wennekers / Amoros, GEM Global Entrepreneurship Monitor, 2011 Extended Global Report, p.21 Source: Kelly / Bosma / Amoros, GEM Global Entrepreneurship Monitor, 2010 Global Report, 2010, p.24 2010 2011 01.10.2015 8
  • 9.
    ENTREPRENEURIALECOSYSTEM Entrepreneur Profiles: Gender Startnowhow– Seminar 1 Source: Kelly / Bosma / Amoros, GEM Global Entrepreneurship Monitor, 2010 Global Report, 2010, p.36 01.10.2015 9
  • 10.
    ENTREPRENEURIALECOSYSTEM R&D Grant Programs Startnowhow– Seminar 1 Source: Novicor 01.10.2015 10
  • 11.
    ENTREPRENEURIALECOSYSTEM Tax Incentives Startnowhow –Seminar 1 Source: Novicor 01.10.2015 11
  • 12.
    ENTREPRENEURIALECOSYSTEM Business Angel Legislation Startnowhow– Seminar 1 Source: Treasury 01.10.2015 12
  • 13.
    ENTREPRENEURIALECOSYSTEM Events: Startup Turkey,Startup Istanbul, Etohum Startnowhow – Seminar 1 Source: www.etohum.com 01.10.2015 13
  • 14.
  • 15.
  • 16.
  • 17.
    OURINVESTMENTAPPROACH Startup Applications Startnowhow –Seminar 1 ENTREPRENEURIALECOSYSTEM 01.10.2015 17
  • 18.
    OURINVESTMENTAPPROACH Success Stories Startnowhow –Seminar 1 ENTREPRENEURIALECOSYSTEM 01.10.2015 18
  • 19.
  • 20.
    OURINVESTMENTAPPROACH Success Stories Startnowhow –Seminar 1 ENTREPRENEURIALECOSYSTEM 01.10.2015 20
  • 21.
    OUTLOOK StartNowHow - Literature •Bowers, Brent, 8 Patterns of Highly Effective Entrepreneurs, Doubleday, New York, NY 2008 • Bygrave, William D. / Zacharaiks, Andrew, The Portable MBA in Entrepreneurship, 4th ed., Wiley, Hoboken, NJ 2010 • Drucker, Peter F., Innovation and Entrepreneurship, 1st ed. 1985, reprinted 2010, Elsevier, Kiddlington, 2010 • Harper, Stephen C., Extraordinary Entrepreneurship: The Professional’s Guide to Starting an Exceptional Enterprise, Wiley, Hoboken, NJ 2005 • Hirshberg, Meg Cadoux, For Better or for Work, All Inc., New York, NY 2012 • Hisrich, Robert D. / Peters, Michael P. / Shepherd, Dean A., Entrepreneurship, 9th ed., McGraw-Hill, New York, NY 2012 • Kuratko, Donald F., Entrepreneurship: Theory, Process, Practice, 8th ed., South-Western, Mason, OH 2009 • Leach, J. Chris / Melicher, Ronald W., Entrepreneurial Finance, International Edition, 4th ed., South- Western, Hampshire 2012 • Osterwalder, Alexander / Pigneur, Yves, Business Model Generation, Wiley, Hoboken, NJ 2010 • Ries, Eric, The Lean Startup, Crown Business, New York, NY 2011 • Smith, Janet Kiholm / Smith, Richard L. / Bliss, Richard T.,Entrepreneurial Finance – Strategy, Valuation, and Deal Structure, Standford University Press, Stanford, CA 2011 • Stokes, David / Wilson, Nick, Small Business Management and Entrepreneurship, 6th ed., South-Western, Hampshire 2010 • Taleb, Nassim Nicholas, The Black Swan – The Impact of the Highly Improbable, revised ed., Penguin, London 2010 • Timmons, Jeffry A. / Spinelli, Stephen, New Venture Creation – Entrepreneurship for the 21st Century, 9th ed., McGraw-Hill, New York, NY 2011 Startnowhow – Seminar 101.10.2015 21
  • 22.
    OUTLOOK StartNowHow - Outlook •Please mail us if you are interested in today‘s presentation or literature hints • Next Seminar: „Entrepreneurship as a Profession“ • Thursday, 15.10.2015, 17.15 – 19.30h • Don‘t forget to register early (eventbrite) - capacity is limited! • Priority for participants / registrants from today‘s session • General rule: Allocation of seats according to participation • Regular participation = certificate (70% participation) Startnowhow – Seminar 101.10.2015 22
  • 23.
    BIC ANGEL INVESTMENTS Dr.Joachim Behrendt Phone: +90 212 328 1939 Fax: +90 212 328 1933 www.bicangels.com http:/twitter.com/joachimbehrendt http://tr.linkedin.com/pub/joachim-behrendt/18/706/a7a Email: j.behrendt@bicangels.com