building startup ecosystems
Post on 15-Sep-2014
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Before even attempting to build an accelerator we should build the right ecosystem to sustain it!TRANSCRIPT
Forget acceleratorsBuild the local startup ecosystem
Alex Barrera (@abarrera)Riga, September 2012
http://www.slideshare.net/press42 @abarrera #ecosystems
http://www.slideshare.net/press42 @abarrera #ecosystems
What is an accelerator?
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Standardized investment terms
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Standardized investment terms
Time-limited program
http://www.slideshare.net/press42 @abarrera #ecosystems
Standardized investment terms
Time-limited program
Synchronous (seed) investment
http://www.slideshare.net/press42 @abarrera #ecosystems
Connections to future capitalStandardized investment terms
Time-limited program
Synchronous (seed) investment
http://www.slideshare.net/press42 @abarrera #ecosystems
http://www.slideshare.net/press42 @abarrera #ecosystems
Bay Area7.15M
395.29/km2
Latvia2.2M
34.3/km2
http://www.slideshare.net/press42 @abarrera #ecosystems
Without community accelerators fail
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Dubai
Shanghai
Abu Dhabi
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Creation of an ecosystem
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Stage 1: founders
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Stage 2: Utopia core
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Stage 3: growth
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Stage 4: copycats
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Stage 5: cross pollination
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Stage 5: cross pollination
http://www.slideshare.net/press42 @abarrera #ecosystems
WALK
THE
Talk
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I. SET YOR VALUES
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FEW IS BETTER
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II. RECRUIT LIKEMINDED PEOPLE
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III. CREATE CULTURE
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III. CREATE CULTURE
Honest
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III. CREATE CULTURE
Honest
Humble
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III. CREATE CULTURE
Honest
Humble
Consistent
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IV. CREATE MEANING
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IV. CREATE MEANING
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V. FOCUS THE ATTENTION
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VI. ENABLE COMMUNICATION
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KEEP IT
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VII. CREATE NOISE
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Make them write
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Ensure weekly activity
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VIII. FOLLOW UP
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STRUCTUREFOLLOW
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IX. ENCOURAGE NEW PROJECTS
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http://www.slideshare.net/press42 @abarrera #ecosystems
X. BRIDGE THE INVESTOR CHASM
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Learn how to pitch!
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GOINTERNATIONAL
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INVITE
THEM
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They need to learn...
teach them.
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http://www.slideshare.net/press42 @abarrera #ecosystems
HONESTLY: It costs money
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Attracts talent
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NEVERShortcuts
work
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Beautiful
but fragile
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Leadership by entrepreneurs