startup turkey 2017 - jeff burton

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Page 1: Startup Turkey 2017 - Jeff Burton
Page 2: Startup Turkey 2017 - Jeff Burton
Page 3: Startup Turkey 2017 - Jeff Burton

35 YEARS OF STARTUPS AND ENTREPRENEURSHIP IN 20 MINUTES, or LESS

ELECTRONIC ARTS TO ABC VENTURE GATES

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How did EA begin? An example for today from 35 years ago

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There was no garage

HP Garage Palo Alto

Trip’s House Portola Valley

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July, 1982 The six co-founders

who attended dinner at Trip’s home:

• Trip Hawkins Harvard, Stanford MB Strategy Gaming • Rich Melmon Berkeley, Stanford MBA

Physics • Bing Gordon Yale, Stanford MBA

English • Jeff Burton Stanford, Stanford MBA

Anthropology • Dave Evans Stanford, Stanford MS

Mechanical Engineering • Pat Marriott Marketing Manager, Apple

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November, 1982

Raised $5 million from: • Kleiner, Perkins, Caulfield, & Byers • Sequoia Capital – Don Valentine • Sevin/Rosen Capital

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January, 1983 BEST MARKETING

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May, 1983 Product Launch

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What were we thinking ?

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Structure

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Culture

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Philosophy

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HOW DID WE BUILD A COMPANY CULTURE?

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All Employees Interviewed Every Job Applicant

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Plenty of Nerf Battles

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Friday Beer & Wine Meetings

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Private Screenings of New Movies

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EA’s Annual Revenues today are ~$5 Billion Market Cap ~$20 Billion

Headquarters Campus – Redwood City

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My path since EA:

• Publishing & Printing Books • Four Internet Startups before 2001 • Electronic Ticketing Company • Hospitality Club in Italy • Co-producer of movies in Hollywood • 1st Executive Director at UC Berkeley Accelerator • President, Advisory Board, ABC Venture Gates

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For startups, what makes sense AFTER an ACCELERATOR ?

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You have to start moving FASTER!

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Expanding means leaving your comfort zone and your home market.

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Germany is the business center of Europe, with over 3 billion Euro invested in emerging companies in 2015.

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Munich - Where Business is done !

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With unique opportunities

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• Difficulties getting the first clients, industry partners, etc. on board

• Renting flexible, short-term office space

• Finding housing is almost impossible and crazy expensive

• Incorporation, legal and tax issues

• The market response is completely different from your home market

• German business environment and culture can be tough

• Risks and costs

Challenges for your startup

on the German market

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To face those hurdles it is wise to get help from a partner,

who overcame them many times before and will help you do so as well.

Meanwhile, you can entirely focus on what you can do best:

Grow your startup!

Page 30: Startup Turkey 2017 - Jeff Burton