Loading presentation...

Present Remotely

Send the link below via email or IM

Copy

Present to your audience

Start remote presentation

  • Invited audience members will follow you as you navigate and present
  • People invited to a presentation do not need a Prezi account
  • This link expires 10 minutes after you close the presentation
  • A maximum of 30 users can follow your presentation
  • Learn more about this feature in our knowledge base article

Do you really want to delete this prezi?

Neither you, nor the coeditors you shared it with will be able to recover it again.

DeleteCancel

Make your likes visible on Facebook?

Connect your Facebook account to Prezi and let your likes appear on your timeline.
You can change this under Settings & Account at any time.

No, thanks

Your startup will fail going global, unless...

No description
by

Ben Levy

on 29 September 2014

Comments (0)

Please log in to add your comment.

Report abuse

Transcript of Your startup will fail going global, unless...

Your Startup will fail
going Global, unless...
@BenLevy74
#BootstrapTalk
Seoul July 8th @ 19:00
Don't Fuck up the culture!
What did Peter Thiel tell AirBnB founders after investing $150M and closing the Series C round?
Why is culture so important?
Culture is simply a shared way of doing something with passion.

Upholding your core values in everything you do a 1000 times, a 1000 things, every day

The stronger the culture, the less corporate process a company needs
Idea are not unique...
Some of your competitors might be more experienced, better networked, have access to better advisors, more helpful and deeper pocketed investors, larger markets, etc.
"After 5 employees, the culture of your company is set!" Phil Libin
Understand, an appreciate, cultural differences!
Keep skin as white as possible
Upper class social status
Lounge in the sun to get tan
Upper class social status
Dark skin means you have to
be working in the sun...poor thing!
Tan skin means you have the
means to go on vacation...lucky thing!
Think
Big
I mean,
REALLY
Be curious, a constant learner
Put yourself in the shoes of others...
Observe and study people
Don't listen to what they tell you as much as what they do
2.5 yrs and $70M+
in value creation
From Budapest to Silicon Valley
~ 200 people
~ 40M users
Profitable
Growing fast!
2013
2009
2010
2011
2012
Prezi join BootstrapLabs
Declines
Google
offer
Invest
$14M @ $70M
18M users, 2M new each month
20M+ users!
Estimated current valuation $500M+
2014
40M
users
Jack Dorsey
Advisor
5M users
Strategic
investor
Peter in
Silicon Valley
Strategic
partnerships for
thought leaderships
~ $ 200K to cash-flow positive!
Adding
1.5M - 2M/month
Global
expansion
Assemble a smart international team of people from the start with shared core value and vision

Solving big problem/pain that most people on the planet can relate to
Fail to attract talent, money, partners, customers with an awesome product
Are not willing to continuously learn, adapt, improve or simply give up

You are fullish enough to believe you can change the world

Your startup will fail to go global unless....
....And a 1,000 other reasons
Why going Global?
Innovation has no borders
People, independently of their origins,
races or social class have new ideas,
create new products and sometimes Industries
Gutenberg
Einstein
Tesla
Madame
Curie
Edison
Galileo
Italy
Germany
German/
USA
Croatia/
USA
Poland/
France
USA
Cai Lun
China
Papyrus
Egypt
Press
Korea
And so many more....
That was then...

Innovation could take years,
if not decades to reach you
Today...
Today innovation is brought to you
nearly instantly, from anywhere!
Here are just a few..
7Bn cell phone users; 75% in "developing world"
Because today you can faster and cheaper than ever before....
So why going global?
And if you don't , your competitors will!
Assemble a smart international team of people from the start with shared core value and vision

Diversity of experience, culture, bias is a source of wealth that is hard to replicate
Solving big problem/pain that most people on the planet can relate to
More power for less, much less dollars
$35
Rent vs. Own (SaaS, PaaS, XaaS)
Analyze, measure, track everything (free or cheap)
Instant, near infinite scalability is real and affordable
On-demand processing power & big data analytics
Global, low friction digital distribution platform
Biz models: freemium, subscription, purchase, ads
A (tech) startup's best friends
Affordable knowledge is everywhere
What used to cost $10M now costs less than $1M
Starting a new business is no longer a matter of capital
Innovation is affordable and accessible to anyone
Everyone is a founder, life learner
#Global Phenomenon
Few
Masses
Power, knowledge, Wealth
YESTERDAY
TODAY... & TOMORROW?
You can (and should) travel to open your mind and understand differences
Which could take a while and a lot of money...
or you could hire foreigners :)
Go after big market
Find the lowest common denominator

Hint...
Fail to attract talent, money, partners, customers with an awesome product
BIG
The mission, vision matters
Are not willing to continuously learn, adapt, improve, think scalability or simply give up
At BootstrapLabs, we usually see 2 or 3 startups chasing the same opportunity in a span of 3-6 months...
from different countries!
so Execution is Everything!
French, Swiss and soon American, married, two boys 6 & 3.5 yo

17yr in finance, technology and start-ups, 16yr in Silicon Valley, co-founder, founding team, employee

Raised $300M of Private Equity, advised on $5Bn worth of M&A deals, sold two early stage companies, crashed one
Co-Founder @ BootstrapLabs
@benlevy74
ben@bootstraplabs.com
Global Accelerator for Global Entrepreneurs
40+ Countries
1,000+ Startup Referrals
200+ Jobs Created
$500M Equity Value Creation
Core Focus
Software Powered Innovation
Verticals
Connectivity
Productivity
Big Data
FinTech
eHealth
Local Accelerator
6 + 6 months program in key regional hubs tailored for local entrepreneurs
w/ Regional Potential, possibly Global
Silicon Valley Accelerator
6+6 months hands-on program in Silicon Valley for foreign startups w/Global Potential
Korea, Malaysia - more coming...
+
=

You are fullish enough to believe you can change the world
Full transcript