Erhan ErkutProfessor, MEF University

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Entrepreneurshipas a Career

Erhan Erkut, MEF University

StartupIstanbulThe Leading Startup Event in Eurasia

5 October 2015

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In 10 short minutes,…

2 predictions A judgment A suggestion

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Accelerating Funding Trends ($1T spent, and counting)China Assumes a Lead Role in the Race ($300B, China Med City)Propagation of Discoveries into Clinical PracticeThe Big Data Revolution (gene sequencing, filtering)Massive Convergence of Technologies (3D organ printing)Health Consciousness (smoking, obesity)Advances in Screening and DiagnosticsArtificial OrgansCellular ReprogrammingLife Extension in Model OrganismsThe Renaissance of Gene TherapyAdvances in Physical Chemistry and New MaterialsCrowd Medicine, Medical Tourism, Telemedicine

For all these reasons…

Most of you will live to 90

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…and for this reason…

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Retirement plans (pyramid scheme)

…will become unsustainable Retirement age will become

a moving target

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Predictions ELE DÜMDÜK

You will live to age 90 You will work for 50 years (from 25 to 75) Where? How long can you work for a company?

9-to-5, 5 days/week, 20 days of vacation Fixed income, small raises, rat race No autonomy (time, task, team, technique) Work on someone else’s dream

Consider entrepreneurship as a career

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Suggestions for wantrepreneurs

1. Read entrepreneurship books2. Follow several startups closely3. Offer free help to a start-up4. Work for a company for 5 years5. Start your own company

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Books…

…and anything by Gladwell, Pink, Kahneman, and Christensen

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Excerpts from an upcoming book…

Turkish Gazelles (Türk Ceylanları)Interviews with Turkish founders of rapidly growing startups

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Which degree? University? Industrial Eng’g: 3 Computer Science: 3 Mechanical Eng’g: 2 Economics: 2 Electrical Eng’g: 1 Chemical Eng’g: 1 Civil Eng’g: 1 Urban Planning: 1 Business: 1 International Relations: 1 Physics: 1 Media and Visual Arts: 1 No univ degree: 2

Boğaziçi: 4 Koç: 3 İTÜ: 2 ODTÜ: 2 Bilkent: 2 Marmara: 2 Kültür: 1 Yıldız Teknik: 1 İstanbul: 1

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How did you get there?

Were you incubated/accelerated? 4/20 Did you receive government support? 4/20 Did you work professionally before starting up?

Yes: 14/20 (2-9 years)

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Did your university support you?

Broad-based education, widened my horizons Scientific/analytical thinking Some of the courses One entrepreneurship seminar Incubator Technopark

None 10/18

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Keep an eye out for…

A new MS in Entrepreneurship program Based on Lean Startup Principles Blended learning

On-line provider in the US Off-line component in the evenings

Taught by entrepreneurs and investors Active mentoring Internship at a startup Startup instead of thesis for graduation Extended boootcamp

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Erhan Erkut Contact Info

Twitter: @ErhanErkut E-mail:

erkute@mef.edu.tr erhanerkut2000@gmail.com

Blog: www.erhanerkut.com

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And nowSerial entrepreneur (8 times)

Father of “Lean Startup” Movement

Writer, speaker, teacher, mentor

Stanford, Berkeley, CalTech, Columbia

Author: The Startup Owner's Manual

StartupIstanbulThe Leading Startup Event In Eurasia