SlideShare ist ein Scribd-Unternehmen logo
1 von 25
Downloaden Sie, um offline zu lesen
The Startup Genome &
The Entrepreneurial Enlightenment
        International Startup Festival
Explosion of Technology Entrepreneurship




Entrepreneurial Enlightenment
Massive Impact on Economy




90% Job Growth in the US
90% of Startups fail




because of Self Destruction
How can we reduce
the failure rate of startups
    in a scalable way?
The Startup Genome


•   Based on Stanford study 2010

•   In collaboration with Stanford, Berkley & Oxford

•   Extracted expert knowledge from thought leaders

•   Built Predictive Models, Contributory Database & Artificial Intelligence

•   Published the two reports with 25k downloads adopted by ~100
    Universities

•   Launched StartupCompass.co with 20k+ users
What did we learn?
Extreme uncertainty is the
    biggest challenge
The Problem: Premature Scaling




Startups efficiently execute
     the unnecessary
The Solution: Learning




The faster you learn the more
  likely you are to succeed
How we assess premature scaling

                                       Discovery    Validation   Efficiency   Scale   Sustain   Conservation
Market/Environment
   Actual Stage
Customer Response


                                              Customer Interaction


 Startup/Organism
 Behavioral Stage       Customer

Business Behavior        Product

                          Team

                        Financials

                      Business Model
Example: Color

                                           Discovery    Validation   Efficiency   Scale   Sustain   Conservation
  Market/Environment
  Actual Marmer Stage
  Customer Response


                                                  Customer Interaction


   Startup/Organism
Behavioral Marmer Stage     Customer

   Business Behavior         Product

                              Team

                            Financials

                          Business Model
Result: Revenue
Result: User Growth
Result: Valuation
Result: Funding
Summing up


•   Startups are exposed to extreme uncertainty.

•   This uncertainty can lead to misallocation of resources, bad decisions
    and ultimately failure.

•   To avoid failure the startup has to reduce uncertainty.

•   Uncertainty can be reduced by listening to your customers.

•   The Startup Genome Compass helps you to asses your situation,
    diagnose problems and measure progress.
How can you identify
 premature scaling?
Business Model
Team
Focus
Product
Valuation
Customer Acquisition
Questions?




•   Check out the Startup Genome Compass at startupcompass.co

•   send us an email at bjoern.herrmann@gmail.com

•   download the report at blog.startupcompass.co

•   Follow me at @bjoernlasse

Weitere ähnliche Inhalte

Ähnlich wie Startupfest 2012 - The age of entrepreneurial enlightenment

10 Steps to Product/Market Fit
10 Steps to Product/Market Fit10 Steps to Product/Market Fit
10 Steps to Product/Market Fit
Ash Maurya
 
INNOCENTIVE ANALYSIS
INNOCENTIVE ANALYSISINNOCENTIVE ANALYSIS
INNOCENTIVE ANALYSIS
ruben78
 

Ähnlich wie Startupfest 2012 - The age of entrepreneurial enlightenment (20)

10 Steps to Product/Market Fit
10 Steps to Product/Market Fit10 Steps to Product/Market Fit
10 Steps to Product/Market Fit
 
10 steps to product market fit - Ash Maurya
10 steps to product market fit - Ash Maurya10 steps to product market fit - Ash Maurya
10 steps to product market fit - Ash Maurya
 
Emerging trends in Business Strategy Dr.Kabaly P Subramanian
Emerging trends in Business Strategy Dr.Kabaly P SubramanianEmerging trends in Business Strategy Dr.Kabaly P Subramanian
Emerging trends in Business Strategy Dr.Kabaly P Subramanian
 
Market/Product Fit The Geek Way
Market/Product Fit The Geek WayMarket/Product Fit The Geek Way
Market/Product Fit The Geek Way
 
5 Health Checks for Managing Customer Retention
5 Health Checks for Managing Customer Retention5 Health Checks for Managing Customer Retention
5 Health Checks for Managing Customer Retention
 
Ryan's Lean Startup 3-Hour Workshop
Ryan's Lean Startup 3-Hour WorkshopRyan's Lean Startup 3-Hour Workshop
Ryan's Lean Startup 3-Hour Workshop
 
The Customer Experience Scenario
The Customer Experience ScenarioThe Customer Experience Scenario
The Customer Experience Scenario
 
Outils du Lean Startup
Outils du Lean StartupOutils du Lean Startup
Outils du Lean Startup
 
Introduction to lean & agile
Introduction to lean & agileIntroduction to lean & agile
Introduction to lean & agile
 
Using the CAPA process to prevent problems and mitigate risks in the life-sci...
Using the CAPA process to prevent problems and mitigate risks in the life-sci...Using the CAPA process to prevent problems and mitigate risks in the life-sci...
Using the CAPA process to prevent problems and mitigate risks in the life-sci...
 
Ken sandy- Productized Masterclasses
Ken sandy- Productized Masterclasses Ken sandy- Productized Masterclasses
Ken sandy- Productized Masterclasses
 
Ryan's Lean Startup Introduction
Ryan's Lean Startup IntroductionRyan's Lean Startup Introduction
Ryan's Lean Startup Introduction
 
Startup Marketing: A Systems Approach
Startup Marketing: A Systems ApproachStartup Marketing: A Systems Approach
Startup Marketing: A Systems Approach
 
Contact Center is a Gold Mine for Customer Experience Improvement Company-wide
Contact Center is a Gold Mine for Customer Experience Improvement Company-wideContact Center is a Gold Mine for Customer Experience Improvement Company-wide
Contact Center is a Gold Mine for Customer Experience Improvement Company-wide
 
Designing intrapreneurship program with gamified startup toolkit
Designing intrapreneurship program with gamified startup toolkitDesigning intrapreneurship program with gamified startup toolkit
Designing intrapreneurship program with gamified startup toolkit
 
An Experimentation Framework: How to Position for Triple Digit Growth
An Experimentation Framework: How to Position for Triple Digit GrowthAn Experimentation Framework: How to Position for Triple Digit Growth
An Experimentation Framework: How to Position for Triple Digit Growth
 
Metrics and Analytics, Guest Lecture, UCLA
Metrics and Analytics, Guest Lecture, UCLAMetrics and Analytics, Guest Lecture, UCLA
Metrics and Analytics, Guest Lecture, UCLA
 
Lean Startup in eHealth
Lean Startup in eHealthLean Startup in eHealth
Lean Startup in eHealth
 
Eric Ries, Author/Speaker/Consultant, The Lean Startup
Eric Ries, Author/Speaker/Consultant, The Lean StartupEric Ries, Author/Speaker/Consultant, The Lean Startup
Eric Ries, Author/Speaker/Consultant, The Lean Startup
 
INNOCENTIVE ANALYSIS
INNOCENTIVE ANALYSISINNOCENTIVE ANALYSIS
INNOCENTIVE ANALYSIS
 

Mehr von Startupfest

Startupfest 2019 - Structuring Your Company And Deciding How, And If, You Sho...
Startupfest 2019 - Structuring Your Company And Deciding How, And If, You Sho...Startupfest 2019 - Structuring Your Company And Deciding How, And If, You Sho...
Startupfest 2019 - Structuring Your Company And Deciding How, And If, You Sho...
Startupfest
 

Mehr von Startupfest (20)

Startupfest 2019 - Content is literally everything
Startupfest 2019 - Content is literally everythingStartupfest 2019 - Content is literally everything
Startupfest 2019 - Content is literally everything
 
Startupfest 2019 - The technology of better humans
Startupfest 2019 - The technology of better humansStartupfest 2019 - The technology of better humans
Startupfest 2019 - The technology of better humans
 
Startupfest 2019 - Monter une entreprise : comment faire, qu’est-ce-que ça pr...
Startupfest 2019 - Monter une entreprise : comment faire, qu’est-ce-que ça pr...Startupfest 2019 - Monter une entreprise : comment faire, qu’est-ce-que ça pr...
Startupfest 2019 - Monter une entreprise : comment faire, qu’est-ce-que ça pr...
 
Startupfest 2019 - How to fundraise
Startupfest 2019 - How to fundraiseStartupfest 2019 - How to fundraise
Startupfest 2019 - How to fundraise
 
Startupfest 2019 - The web we make
Startupfest 2019 - The web we makeStartupfest 2019 - The web we make
Startupfest 2019 - The web we make
 
Startupfest 2019 - 1000 startups — 5 things I've learned after seeing 1,000 c...
Startupfest 2019 - 1000 startups — 5 things I've learned after seeing 1,000 c...Startupfest 2019 - 1000 startups — 5 things I've learned after seeing 1,000 c...
Startupfest 2019 - 1000 startups — 5 things I've learned after seeing 1,000 c...
 
Startupfest 2019 - Myths of Silicon Valley
Startupfest 2019 - Myths of Silicon ValleyStartupfest 2019 - Myths of Silicon Valley
Startupfest 2019 - Myths of Silicon Valley
 
Startupfest 2019 - The art of getting warm intros to investors
Startupfest 2019 - The art of getting warm intros to investorsStartupfest 2019 - The art of getting warm intros to investors
Startupfest 2019 - The art of getting warm intros to investors
 
Startupfest 2019 - Building a Disruptive Startup Ecosystem
Startupfest 2019 - Building a Disruptive Startup EcosystemStartupfest 2019 - Building a Disruptive Startup Ecosystem
Startupfest 2019 - Building a Disruptive Startup Ecosystem
 
Startupfest 2019 - The real impact of accelerators on a global basis
Startupfest 2019 - The real impact of accelerators on a global basisStartupfest 2019 - The real impact of accelerators on a global basis
Startupfest 2019 - The real impact of accelerators on a global basis
 
Startupfest 2019 - Getting the green light: How to build ideas people say YES to
Startupfest 2019 - Getting the green light: How to build ideas people say YES toStartupfest 2019 - Getting the green light: How to build ideas people say YES to
Startupfest 2019 - Getting the green light: How to build ideas people say YES to
 
Startupfest 2019 - Capter l’intérêt d’un investisseur
Startupfest 2019 - Capter l’intérêt d’un investisseurStartupfest 2019 - Capter l’intérêt d’un investisseur
Startupfest 2019 - Capter l’intérêt d’un investisseur
 
Sartupfest 2019 - Start-up en IA : L’avantage collaboratif de Montréal
Sartupfest 2019 - Start-up en IA : L’avantage collaboratif de MontréalSartupfest 2019 - Start-up en IA : L’avantage collaboratif de Montréal
Sartupfest 2019 - Start-up en IA : L’avantage collaboratif de Montréal
 
Startupfest 2019 - Solutions innovatrices Canada : accélérez votre parcours v...
Startupfest 2019 - Solutions innovatrices Canada : accélérez votre parcours v...Startupfest 2019 - Solutions innovatrices Canada : accélérez votre parcours v...
Startupfest 2019 - Solutions innovatrices Canada : accélérez votre parcours v...
 
Startupfest 2019 - Première levée de fond : Histoire d'une startup
Startupfest 2019 - Première levée de fond : Histoire d'une startupStartupfest 2019 - Première levée de fond : Histoire d'une startup
Startupfest 2019 - Première levée de fond : Histoire d'une startup
 
Startupfest 2019 - Préparez-vous à avoir de l'impact !
Startupfest 2019 - Préparez-vous à avoir de l'impact ! Startupfest 2019 - Préparez-vous à avoir de l'impact !
Startupfest 2019 - Préparez-vous à avoir de l'impact !
 
Startupfest 2019 - The Startup Rollercoaster
Startupfest 2019 - The Startup RollercoasterStartupfest 2019 - The Startup Rollercoaster
Startupfest 2019 - The Startup Rollercoaster
 
Startupfest 2019 - Structuring Your Company And Deciding How, And If, You Sho...
Startupfest 2019 - Structuring Your Company And Deciding How, And If, You Sho...Startupfest 2019 - Structuring Your Company And Deciding How, And If, You Sho...
Startupfest 2019 - Structuring Your Company And Deciding How, And If, You Sho...
 
Startupfest 2019 - No Dumbing Down : Leading Your Organization or Team for Gr...
Startupfest 2019 - No Dumbing Down : Leading Your Organization or Team for Gr...Startupfest 2019 - No Dumbing Down : Leading Your Organization or Team for Gr...
Startupfest 2019 - No Dumbing Down : Leading Your Organization or Team for Gr...
 
Jeremy Edberg (MinOps ) - How to build a solid infrastructure for a startup t...
Jeremy Edberg (MinOps ) - How to build a solid infrastructure for a startup t...Jeremy Edberg (MinOps ) - How to build a solid infrastructure for a startup t...
Jeremy Edberg (MinOps ) - How to build a solid infrastructure for a startup t...
 

Kürzlich hochgeladen

Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pillsMifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
Abortion pills in Kuwait Cytotec pills in Kuwait
 
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
ZurliaSoop
 
Structuring and Writing DRL Mckinsey (1).pdf
Structuring and Writing DRL Mckinsey (1).pdfStructuring and Writing DRL Mckinsey (1).pdf
Structuring and Writing DRL Mckinsey (1).pdf
laloo_007
 
Mifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in Oman
Mifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in OmanMifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in Oman
Mifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in Oman
instagramfab782445
 

Kürzlich hochgeladen (20)

HomeRoots Pitch Deck | Investor Insights | April 2024
HomeRoots Pitch Deck | Investor Insights | April 2024HomeRoots Pitch Deck | Investor Insights | April 2024
HomeRoots Pitch Deck | Investor Insights | April 2024
 
How to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League CityHow to Get Started in Social Media for Art League City
How to Get Started in Social Media for Art League City
 
Buy gmail accounts.pdf buy Old Gmail Accounts
Buy gmail accounts.pdf buy Old Gmail AccountsBuy gmail accounts.pdf buy Old Gmail Accounts
Buy gmail accounts.pdf buy Old Gmail Accounts
 
Falcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to ProsperityFalcon's Invoice Discounting: Your Path to Prosperity
Falcon's Invoice Discounting: Your Path to Prosperity
 
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All TimeCall 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
Call 7737669865 Vadodara Call Girls Service at your Door Step Available All Time
 
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pillsMifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
Mifty kit IN Salmiya (+918133066128) Abortion pills IN Salmiyah Cytotec pills
 
Famous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st CenturyFamous Olympic Siblings from the 21st Century
Famous Olympic Siblings from the 21st Century
 
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAIGetting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
Getting Real with AI - Columbus DAW - May 2024 - Nick Woo from AlignAI
 
Organizational Transformation Lead with Culture
Organizational Transformation Lead with CultureOrganizational Transformation Lead with Culture
Organizational Transformation Lead with Culture
 
Falcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business PotentialFalcon Invoice Discounting: Unlock Your Business Potential
Falcon Invoice Discounting: Unlock Your Business Potential
 
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdfDr. Admir Softic_ presentation_Green Club_ENG.pdf
Dr. Admir Softic_ presentation_Green Club_ENG.pdf
 
Uneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration PresentationUneak White's Personal Brand Exploration Presentation
Uneak White's Personal Brand Exploration Presentation
 
Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024Marel Q1 2024 Investor Presentation from May 8, 2024
Marel Q1 2024 Investor Presentation from May 8, 2024
 
BeMetals Investor Presentation_May 3, 2024.pdf
BeMetals Investor Presentation_May 3, 2024.pdfBeMetals Investor Presentation_May 3, 2024.pdf
BeMetals Investor Presentation_May 3, 2024.pdf
 
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan CytotecJual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
Jual Obat Aborsi ( Asli No.1 ) 085657271886 Obat Penggugur Kandungan Cytotec
 
Structuring and Writing DRL Mckinsey (1).pdf
Structuring and Writing DRL Mckinsey (1).pdfStructuring and Writing DRL Mckinsey (1).pdf
Structuring and Writing DRL Mckinsey (1).pdf
 
Mifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in Oman
Mifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in OmanMifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in Oman
Mifepristone Available in Muscat +918761049707^^ €€ Buy Abortion Pills in Oman
 
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
Lundin Gold - Q1 2024 Conference Call Presentation (Revised)
 
Falcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business GrowthFalcon Invoice Discounting: Empowering Your Business Growth
Falcon Invoice Discounting: Empowering Your Business Growth
 
PHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation FinalPHX May 2024 Corporate Presentation Final
PHX May 2024 Corporate Presentation Final
 

Startupfest 2012 - The age of entrepreneurial enlightenment

  • 1. The Startup Genome & The Entrepreneurial Enlightenment International Startup Festival
  • 2. Explosion of Technology Entrepreneurship Entrepreneurial Enlightenment
  • 3. Massive Impact on Economy 90% Job Growth in the US
  • 4. 90% of Startups fail because of Self Destruction
  • 5. How can we reduce the failure rate of startups in a scalable way?
  • 6. The Startup Genome • Based on Stanford study 2010 • In collaboration with Stanford, Berkley & Oxford • Extracted expert knowledge from thought leaders • Built Predictive Models, Contributory Database & Artificial Intelligence • Published the two reports with 25k downloads adopted by ~100 Universities • Launched StartupCompass.co with 20k+ users
  • 7. What did we learn?
  • 8. Extreme uncertainty is the biggest challenge
  • 9. The Problem: Premature Scaling Startups efficiently execute the unnecessary
  • 10. The Solution: Learning The faster you learn the more likely you are to succeed
  • 11. How we assess premature scaling Discovery Validation Efficiency Scale Sustain Conservation Market/Environment Actual Stage Customer Response Customer Interaction Startup/Organism Behavioral Stage Customer Business Behavior Product Team Financials Business Model
  • 12. Example: Color Discovery Validation Efficiency Scale Sustain Conservation Market/Environment Actual Marmer Stage Customer Response Customer Interaction Startup/Organism Behavioral Marmer Stage Customer Business Behavior Product Team Financials Business Model
  • 17. Summing up • Startups are exposed to extreme uncertainty. • This uncertainty can lead to misallocation of resources, bad decisions and ultimately failure. • To avoid failure the startup has to reduce uncertainty. • Uncertainty can be reduced by listening to your customers. • The Startup Genome Compass helps you to asses your situation, diagnose problems and measure progress.
  • 18. How can you identify premature scaling?
  • 20. Team
  • 21. Focus
  • 25. Questions? • Check out the Startup Genome Compass at startupcompass.co • send us an email at bjoern.herrmann@gmail.com • download the report at blog.startupcompass.co • Follow me at @bjoernlasse