AN INTRODUCTION TO CORPORATE | STARTUP FRICTION
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The document discusses the importance of staying relevant in a fast-paced startup ecosystem and the challenges faced by large corporations trying to innovate. It highlights the cultural and structural differences between startups and corporations, emphasizing the need for effective methodologies and internal policies to foster entrepreneurship within organizations. Additionally, it notes that the majority of startups fail due to team-related issues and stresses the importance of scaling up rather than just starting up.
AN INTRODUCTION TO CORPORATE | STARTUP FRICTION
- 1. >GO FASTER, STAY RELEVANT KEEP YOUR FINGER ON THE PULSE OF DISRUPTION.
- 3. GOALCONNECTING YOU TO YOUR STARTUP ECOSYSTEMS UNDERSTANDING THE EARLY STAGE PHASES LEARN ABOUT THE MAIN MYTH AVOID PITFALLS CLEARLY UNDERSTAND WHY STARTUP MATTERS FOR CORPORATIONS DISCOVERING STARTUP METHODOLOGIES MEETING GREAT ENTREPRENEURS SCALING UP VS STARTING UP STATING CHALLENGES AND HOPES FOR CORPORATIONS INSPIRING YOU HAVING FUN!
- 4. <1H!
- 5. WE WILL NOT COVER EVERYTHING! AND THAT’S A GOOD THING :) FRUSTRATING
- 6. B4
- 7. STARTUP = SEARCH FOR NEW BUSINESS MODELS LARGE CORPORATIONS = SEARCH FOR LEADERSHIP SCALE-UP = SEARCH FOR MAXIMUM SCALABILITY LET’S ALL SPEAK THE SAME LANGUAGE IT’S DEFINITIONS TIME! (JUST TAKE A PHOTO) FOUNDERS = PEOPLE WHO CREATE / EXECUTE / OWN AN IDEA INTRAPRENEURS = PEOPLE WHO CREATE / EXECUTE / DON’T OWN AN IDEA BUSINESS PLAN = SOMETHING THAT NEVER WORKS
- 8. WE’LL BE USING ROMAN VOTING YELL AT ME IF I GO TO FAST OR IF YOU CHECKED OUT!
- 10. I C O - F O U N D E D T H E L A R G E S T N E T W O R K S O F E A R LY S TA G E F O U N D E R S I N T H E W O R L D> 3 0 0 , 0 0 0 P E O P L E I N 1 2 8 C O U N T R I E S $ 2 0 0 M O F VA L U E C R E AT E D
- 12. THE GREATEST FORCE ADVANCING HUMAN WELFARE
- 13. W E A R E T H E A M B A S S A D O R S O F T H I S A M A Z I N G C O M M U N I T Y N O T H I N G E L S E !
- 14. A I D E Z N O U S ! PA R L E Z E N : )
- 16. F O L L O W M E : @ P E I G N O I R
- 17. BTW: NO ONE LIKES BUILDING STARTUPS UNLESS THEY ARE INSANE! THE GOAL IS NOT TO BE A STARTUP AS FAST AS YOU CAN
- 18. Q/A
- 19. D I S C L A M E R N O O N E U N D E R S TA N D E N T R E P R E N E U R S H I P T H AT ’ S W H Y I T ’ S F U N !
- 20. B U T W E C A N H AV E A S TAT I S T I C A L A P P R O A C H D R I V E N B Y R E S E A R C H S T O C H A S T I C P R O C E S S E S A N D G U T S !
- 21. WHYA R E W E H E R E ?
- 22. > CORPORATIONS ARE TOO SLOW
- 23. > STARTUP ARE GROWING FASTER THAN EVER!
- 24. DATA:INNOSIGHT/Richard. N.Foster/Standard&Poor’s AT CURRENT CHURN RATE, 75% OF THE S&P 500 WILL BE REPLACED BY 2027. YOU’RE ABOUT TO BE UBERIZED!>
- 25. THIS IS NOT NEW
- 26. B C G B A I N M C K I N S E Y I D E O F R O G TOP 5% DESIGNERS TOP 5% IVY LEAGUE TOP 1% ENTREPRENEURS INNOVATION SCALE VELOCITY INNOVATOR DILLEMA LEAN OPEN INNOVATION THE 3 FORCES OF SCALE-UPS
- 27. ECOSY STEM
- 28. DISCOVER
- 29. JUST DO WHAT IS RECOMMENDED ON THE NEXT SLIDE AND YOU WILL UNDERSTAND YOUR STARTUP ECOSYSTEM … NO TALK, ALL ACTION!
- 30. SUBSCRIBE NOW! 2 min break!
- 31. K E Y E L E M E N T S O F G R E AT S TA R T U P E C O S Y S T E M S
- 32. READ THE UP GLOBAL REPORT
- 35. TEAMS!
- 36. THE REST?
- 40. IT’S HARD TO CREATE VALUE THAT SCALES!
- 49. AVERAGE AGE OF FOUNDERS IS AROUND 40
- 50. YOUNG COMPANIES CREATE MOST OF THE ECONOMIC GROWTH
- 52. TO READ
- 55. WHY IS IT SO HARD FOR LARGE CORPORATIONS?
- 56. MANY CHALLENGES! BEST PRACTICES ARE IRRELEVANT AGAINST STARTUPS STRATEGY FIRMS ARE TOO SLOW. M E T H O D O L O G I E S A R E N O T STRATEGIES 75% M&A FAILS SHORT TERM MARKET TOO MUCH NOISE / INFORMATION TOO LITTLE TIME T A L E N T S D R E A M O F LAUNCHING STARTUPS LEAN IS NOT EFFICIENT WITH THE WRONG PEOPLE >
- 57. MARKET, CULTURE, C O M P E T I T I O N , STRATEGY, POLITICS, NOISE… IT’S TOUGH TO BE AN EXECUTIVE>
- 58. HOPE
- 59. ADVOCATE FOR ENTREPRENEURSHIP IN CORPORATION
- 61. > MAXIMIZE INTERNAL / EXTERNAL FRICTIONS TO MAXIMIZE SERENDIPITY > PRODUCE DENSITY > DESIGN NEW INTERNAL CORPORATE POLICIES / e.g CFO + CIO (INTERNAL CORP FINANCE / FLEXIBLE BUDGET) > DON’T FOCUS ON STARTUP BUT ON SCALE- UPS
- 63. > THE TOP ENTREPRENEURS ARE EXTREMALY RARE IN THE CORPORATE WORLD : 6 FOR EVERY MILLION! We are here!
- 65. THX! WANNA WORK WITH RECORP -> [email protected] Read this awesome article