gec 2017: jf gauthier
TRANSCRIPT
Global StartupEcosystem Development
Strategies vs. GenomeGENOME
1. Scaling Potential = • + First (Early) to Market
COMPETITION• + Creates 100X Value for 100X Cheaper
VALUE CREATION• BIG Customer Needs
POTENTIAL
2. NOT Developed at Growth Stage or Scaling Stage• This is when you REALIZE your potential
Genome of Startup ScalingGENOME
• Startups Define & Develop Scaling Potential at the Very Beginning• Customer Development
• Talk to Customers from Day One• And Continuously, ALWAYS!
• Lean Startup• Test your hypotheses early
• Learn from other companies:• What has been tried and Succeeded or Failed?
Founder: Secure the Right Knowledge: Support = Network
RESOURCES
• Founder• Ambition: Big Idea • Market Knowledge• Customer
Relationships
WHO
• Local & Global Connectedness
• Advisor, Mentor, Expert
• Customer
HOW• Network: friends,
entrepreneurs, others
• Accelerators, Incubators
Global Connectedness = Global ReachLocal Connectedness = Local Reach
RESOURCES
Johannesburg Ecosystem = Activation PhaseJohannesburg
Johannesburg Ecosystem vs. Others at Activation PhaseJohannesburg
Key Results Relevant to Activation PhaseJohannesburg
• FUNDING: Low (normal) but Experienced Investors• Experienced Investor Index: 6.0, higher than Cape Town, Lagos• 53% Local Seed, 43% Local Lead
• Means outside investors are active, very good sign• TALENT
• Engineer 2+ Experience in Startup: 75% VERY GOOD• Growth Team Experience: 55%; comes later, good for this stage
• EXPERIENCE• Ecosystem = Low (Normal)• Team = Good
• 1/3rd of Founders have 2+ year experience in a startup: VERY GOOD• 20% of them have experience in a hypergrowth or unicorn
Join our mission.
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JF GauthierCEO
Marc PenzelCOO
Shane ReiserExecutive Director
Miro ZhelezovGrowth & Partnerships