Google launch pad presentation

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Starting up in Spain: The Roadshow 2015 Sponsored by: #Deals Completed 2012 65 2014 65 2013 Background 24 Sponsored by: # Co Working Spaces 146 2012 2014 2013 Background 231 338 Sponsored by: # Accelerators 98 2012 2014 2013 Background 147 338 Sponsored by: # Crowd Funded Companies 146 2012 2014 2013 Background 552 1746 Sponsored by: # Government Initiatives 2 2012 2014 2013 Background 5 8 Sponsored by: # Investors 210 2012 2014 2013 Background 367 604 Sponsored by: # Venture Capital Investors 210 2012 2014 2013 Background 377 377 Sponsored by: # GDP in Ratio to Tech Hubs (EU) Background #2 Sponsored by: Qualitative Feedback - Local government has good initiatives for entrepreneurs but these are often not well communicated theres lack of awareness. - Lack of women entrepreneurs - about 20% only. - Time barrier to starting a business is improving for creating and testing a product and benefitting from the feedback loop. Sponsored by: Qualitative Feedback - More startups fail due to problems between partners, than ecosystem issues such as bureaucracy. - Not knowing Spanish is a clear barrier for foreigners in regard to starting up in Spain. - Spanish entrepreneurs may believe they have a higher level of English than they really do. Sponsored by: Qualitative Feedback - Most startups fail and the entrepreneurs after their 1st failed venture return to the corporate world. - Investors want to see team profiles of people whove gained significant private sector work experience. They focus more on the people than the idea. They do not value the past entrepreneurial experience as much as in other markets. - The ecosystem encourages less merit based startup teams, and more relationship based projects. Qualitative Feedback -The struggle of egos and language difference (i.e. disparity of understanding and priorities) between business entrepreneurs and technical co-founders is usually one of the main problems of a startup in Spain. - Lack of experience - the entities that do help the start-ups, often dont follow up in the long term after the initial support - thereby creating hollow life for startups rather than vigorous assessments and feedback. Sponsored by: Starting up in Spain: The Survey 2015 The Overview 7 team members 5 roadshow events 412 surveys Sponsored by: Starting up in Spain: The Survey 2015 What is good? 5 largest EU economy th 50 cost of living of UK % 109 investment Q1:2015 m Sponsored by: Starting up in Spain: The Survey 2015 What is not good? 22 speak English % Funding gap Sponsored by: N.B. Although only 22% speak English across the country, in clusters like Madrid and Barcelona this percentage is significantly higher. Starting up in Spain: The Survey 2015 The Entrepreneur 47 studied business % 51 quick flip % try again Sponsored by: Starting up in Spain: The Survey 2015 The Start up 83 International % 67 SaaS % 24 advertising & media % Sponsored by: Starting up in Spain: The Survey 2015 The Culture 64 hard to find capital % 59 barriers to entry % 42 failure % Sponsored by: Starting up in Spain: The Survey 2015 The Capital 6.2 101 startups m 8 international % 9 highest global investment th Sponsored by: Starting up in Spain: The Survey 2015 The Ecosystem 50 youth unemployment % 107 % mobile penetration 316 accelerators Sponsored by: Thanks Sponsored by: