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Materializing Innovation
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  • 1. Materializing Innovation

2. Startup. Why, How, What? Startup Courses by Public February 18th 2014Dimitris Tsigos Founder & CEO StartTechVentures [email protected] | http://twitter.com/tsigos | http://www.linkedin.com/in/tsigos 3. The vtrip journey 4. 2000 5. Dot-com bubble http://en.wikipedia.org/wiki/Dot-com_bubbleThe dot-com bubble (also referred to as the Internet bubble and the Information Technology Bubble) was a speculative bubble covering roughly 19952000 (with a climax on March 10, 2000, with the NASDAQ peaking at 5132.52 in intraday trading before closing at 5048.62) during which stock markets in industrialized nations saw their equity value rise rapidly from growth in the Internet sector and related fields. While the latter part was a boom and bust cycle, the Internet boom is sometimes meant to refer to the steady commercial growth of the Internet with the advent of the world wide web, as exemplified by the first release of the Mosaic web browser in 1993, and continuing through the 1990s. 6. Everything in Greece comes with some delay dotcom bubble, too! 7. Academic Environment US educated professors Talking about dotcom bubble Without knowing it was a bubble Atlantis Group The competitors! Pointer-Soft! CS256 s/w engineering lab 8. It all started as a joke A very serious one! We decided to start a company in July 2000 Milon tis Eridos caf, Heraklion The best four programmers at CSD and myself akritid, hargikas,mvasilak,venturas 9. Which were our objectives? To be our own bosses To have a stake to the value of our labor To have flexible working hours Do something interesting Not taking orders by idiots 10. Critical Publics Email August 2000: Looking for Python programmers to work with Zope Reply [email protected] Why you guys want to pay social security? Are you interested in outsourcing? 11. Projects www.mod.mil.gr www.hnms.gr www.emporiki.gr www.yme.gov.gr www.zenon.gr www.criticalpublics.com a.s.o. 12. Products??? WebSecure VoteSecure http://www.springerlink.com/content/y6cfc0jn 4g12k9dc/?MUD=MP AuctionSecure Totally unrealistic 13. Looking for partners 14. An inspired idea! We dont aim to becoming a 500persons company We dream of starting 10 companies of 50 persons each 15. Divorces December 2002, Critical Publics March 2003, Vtrip team akritid stayed as a freelancer for 6 months venturas stayed as a permanent freelancer for 2 years hargikas stayed as occasional freelancer mvasilak did not stay at all 16. Hey buddy, if you dont trust your own company why should we trust it? Attica Bank business loans officer 17. Entrepreneurial Ecosystem http://en.wikipedia.org/wiki/Entrepreneurial_ecosystemAn entrepreneurial ecosystem is a group of non-competing companies, including start-ups, established companies and one or more coordination entities, which share the same vision, values, culture, strategy and business processes and decide to form an organization in order to explore economies of scale in business functions such as business development, financing, market analysis, marketing communications, IT / MIS infrastructure, human capital management, legal support, financial & accounting management Dimitris Tsigos | Virtual Trip, November 29th 2009 18. Entrepreneurial Ecosystem StartTech VenturescoLab WorkspaceStartTech AngelsStartTech Incubator Materializing Innovation GroupServicesVendorsDistributorsPublisher M.I. Spain M.I. Hungary M.I. Brussels Incubator Services:- Financing - Strategy- Business Development - MIS & IT Infrastructure- Financial & Account Management - Marketing CommunicationsAntenna Offices- Business Administration - Legal Advisory- Talent Management - FacilitiesThis journey has resulted to the first prototype implementation of the Entrepreneurial Ecosystem concept 19. The new hype Suddenly, everyone is starting up 20. Why? Maximize income, wealth Catch the wave (ride the bubble?) Create an organization larger than & independent from you A way of living 21. I wanna be cool. 22. What makes you cool? 23. To be sexy? 24. To be successful? 25. To be the best on earth? 26. Not really. Being cool actually is to behappy. 27. Whos the happiest person on earth? 28. Solon before Croesus 29. Kleobis & Biton! 30. The happiest persons on earth In the legend, Kleobis and Biton were Argives, the sons of Cydippe, a priestess of Hera. Cydippe was travelling from Argos to a festival in honor of Argive Hera. The oxen which were to pull her cart were overdue and her sons, Kleobis and Biton, pulled the cart the entire way (45 stadia, or 8.3 km/5.1 miles). Cydippe was impressed with their devotion to her and her goddess and she prayed to Hera, asking her to give her children the best gift a god could give to a mortal. Hera ordained that the brothers would die in their sleep, and after the feast the youths lay down in the temple of Hera, slept and never woke. Herodotus, who relates the story, says that the citizens of Argos donated a pair of statues to the sanctuary of Apollo at Delphi. 31. Entrepreneurship is about happiness Why so many people unhappy?Do we follow the right model? 32. From Pyramids to Pancakes Josephine Green: From command and control to a truly flat world of collaboration! 33. No we do NOT! Insanity: doing the same thing over and over again and expecting different results. Albert Einstein 34. Are YOU insane? 35. If not insane, then we need to follow the pancake model versus the pyramid one In other words: Its NOT about domination, but it is aboutsustainability 36. Who could be Kleobis and Biton in Greece, today? 37. YOU! 38. A very usual misunderstanding Entrepreneurship Vs Business 39. Easy Vs Doable Is it gonna be Absolutelyeasy?no! Is it gonna befun?YES it certainly will! 40. The ultimate goal Entrepreneurship is about being useful to another person. Something so simple that makes you happy. Its simple:Be useful! in an economically sustainable way 41. What? I want to startup, I just dont know what to do It doesnt really matter! Prerequisite is simply to like it 42. Startup Compass real problem that many people have Find an innovative way to solve it Get a team that shares the passion to Think of do it Making sure that the proposed solution issustainableAs simple as that! 43. Must-have Vs Nice-tohave Sustainability is built on a ground of needs, not wishes. 44. Creative copying Immature poets imitate; mature poets steal; bad poets deface what they take, and good poets make it into something better, or at least something different. T.S. Eliot, The Sacred Wood http://en.wikipedia.org/wiki/T._S._Eliot 45. How? Heres where the great misunderstanding is The garage s/w model does not really work Thin & lean is the way to go Management should be in the startups DNA 46. Reasons to fail Most of the failed startups lacked management skills and capacity Founders should never underestimate the necessity for management skills & processes Founders often hesitate to add management skills to the team 47. The management leap Many startups fail to make the leap from 1M to 5M in revenues Failure to introduce management structure The most difficult change a company has to manage in its early years 48. A startup is an innovative, creating, dynamic, aimin g-to-grow 49. .BUSINESS! Thus, it should ALWAYS been run as such. 50. Managing a Startup Tools Techniques Methodologies As lean as possible .but not more 51. Thank you