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Technology is eating the world. Startups love it, but they don't have the money stability or size to take it to the next level.
Corporates love it too, but they don't have the agility, speed or guts to take it to fully embrace it. That's where corporate startups come in. Mark Dijksman will share his expertise in this matter and reveal how to one can take the best off of two worlds.
20. Win a 25k design sprint and
1.5k workshops at our booth!
mark@oneup.company
startupthinking.com
Hinweis der Redaktion
Hello I'm Mark.
Founder of oneUp.
We build (like) startups for corporates.
We’re situated in this building
It’s relatively small 60 people.
Unilever, Tommy Hilfiger, ASR, JDE
BECAUSE WE TELL OUR CLIENTS:
This is your NEXT COMPETITOR
4 idiots in a garage.
BIT BLACK AND WHITE
CORPORATES ALSO A LOT TO OFFER
We try to combine BEST OF BOTH WORLDSTODAY I WANT TO SHARE SOME LEARNINGS!
Positive learnings:
- QUALITY of people in corporates- Ability to really CHANGE MINDSETS
- Sometimes, things can go CRAZY FAST(due to connections, pressure, brand,...)
->STARTUPS CAN LEARN A LOT FROM CORPORATES AS WELL.
MUCH MORE FUN TO SHARE LEARNINGS ABOUT WHAT WENT WRONG BASED ON OUR EXPERIENCE WHILE BUILDING CORPORATE STARTUPS
PAY BY TOUCH
Using your fingerprint to pay for stuff in stores SOUNDS MEGA AWESOME, right?
3000 STORES.
There’s just not much of a value proposition for the consumer to use a fingerprint.
BUT THEY NOTICED THIS WHEN IT WAS ROLLEDOUT IN 3000 STORES
VALIDATION Horror
Despite those early customers, processing fingerprint payments has not taken off as expected. Pay By Touch claims that it has fingerprint scanners in 3,000 (!!!!!) stores, but the privately held company has never disclosed how many transactions it processes. For millions of consumers accustomed to using credit and debit cards, the proposition of using a fingerprint hasn’t been all that appealing. “It’s hard to fight the credit-card companies,” says Gartner (IT) analyst Avivah Litan. “Consumers are so used to racking up frequent-flier miles and other rewards that it’s like a David vs. Goliath situation. There’s just not much of a value proposition for the consumer to use a fingerprint.” - VALIDATION HORROR
THEY BURNED 200M
AND 800 EMPLOYEES DOWN THE DRAIN
The damage….200M and 800 employees down the drain
3 big pitfalls for corporate(!!!!) startups(apart from the normal startup pitfalls):(1) URGE TO BUILD(2) DESIRE TO SCALE(3) RABBIT HOLES
(1) URGE TO BUILDCorporates are used to building.WE HAVE A GOOD IDEA, BECAUSE IT’S OUR GOOD IDEA
other flavors of proven models.Also, validating = chaosbuilding = rest
Parallel building
(Tessa > integrate new value propositions while still validating main value proposition)
Validation = extra cost.
(Magnum case. We asked our usual agency and they can just build it and roll it out to 50 stores)
Invest little by little in order to decrease cost little by little.
OTHERWISE you’re building AIR CASTLES
ASR case
Client often jump to conclusions too fast.
We found a customer segment that reacts to a certain message >>> LETS BUILD IMMEDIATELY
(2) Desire to scaleCorporates are used to scaling
Vigi case
(During validation, where retention was the key metric) Client wants to get to x downloads.
Worried about decline in downloads. (While that was not the important metric at all).
Forces us to get more downloads.(Downloads != scaling)
The danger of vanity metrics...
ASR case
Hiring a scaling/optimization phase team,
while still validation PROBLEM SOLUTION FIT.
TEam too BIG for scaleup. And not the right roles.
Tessa case
Integrate with AMAZON-grade customer support service provider during validation phase.
(And fulfillment party,...)
But you should take BABY STEPS. We don’t have a million customers yet, so don’t build for it.
(3) Rabbit holes - corporates offer everything. BUt be careful!Warp holes are often actuallyrabbit holes of death.
Tessa case
Payment Service Provider integration
that should take ~2 days to be up & running, now it took us ~9 months.
Tommy
We have a design studio. They will take care of all the styling. No worries!
Slow processes,
design needs to be functional not take too long.
Vigi
We have in house experts. They will provide us with a solution really fast…
3 months of legal mumbo jumbo later….
BUT the startup way is not always THE BEST WAY EITHERWE COMBINE BEST OF BOTH WORLDS
AGILITY, SPEED, PROCESS FROM STARTUPS
DATA, MONEY, EXPERTISE, BRAND FROM CORPORATES
COME AND SEE US AT OUR BOOTH
WE CAN GO INTO MORE DETAILS
O AND YOU CAN ALSO WIN SOMETHINGwin free design sprint or OR FOR JOB SEEKERS: free workshop 1500