Eoin Costello speaking at Google #atmosphere2104 Dublin on making Dublin a global tech startup hub
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Transcript of Eoin Costello speaking at Google #atmosphere2104 Dublin on making Dublin a global tech startup hub
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#atmosphere14
Staffing @ GoogleEoin CostelloCo-FounderStartupIreland
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#StartupIrelandChanging hearts and minds towards entrepreneurship in
Ireland
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"Your competition is no longer multinational powerhouses in China or India. Your competition now is the hyper-connected startup anywhere in the world that is using exponential technologies to dematerialize and demonetize your products and services."
Peter H. Diamandis Co-founder and CEO
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10 years ago the optimal amount of capital required to help a software company to scale successfully:● $15 million
The same can be achieved now for: ● $1 million
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“Small teams of individuals can do what only governments and large corporations could have ever done in the past.”
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#Dublin as an international hub for tech startups?
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Tech startups per million inhabitants
(Bowei Gai, World Startup Report)
#1 in the world at 375 per million inhabitants
No rank, researcher did not include Dublin
Accelerators 36(http://mappedinisrael.com/)
12 (Activating Dublin report)
Number of tech startups per annum
1,900 (Tel Aviv Startup City 2013)
200 (EI HPSU + Accelerator
numbers only)
39% of Israeli high tech employees work in the R&D Depts of tech multinationals located in Israel.
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Why is this something that I am personally motivated about?
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“Ireland has some amazing entrepreneurs but not nearly enough of them.”
Minister Richard Bruton
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“Where would we start, with a degree we can get a job and the employer provides the framework...” Final Year Undergrad
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● The average hours worked by early stage entrepreneurs: 74 hours per week
● The average salary of early stage entrepreneurs:
€25,000● The average time to first
enterprise sale: 16 months
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“What matters in Silicon Valley is how much effect you have on the world.” Paul Graham
Cities & Ambition
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The Ask
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What’s different about ● All startups located within the parent
company offices.● Global acceleration model - part of an
international network.● Championed within the parent
multinational Telefonica.
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“As a result of Wayra OptiWifi has successfully won a global contract with Telefonica to deploy our tech on over 1 million wifi access points in 15 countries. If we had not been on the Wayra Accelerator this would not have happened.” Mark Burke CEO
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Corporate venturing supports available from Startup Europe Partnership● Exposure to grass-roots innovation● Access to an international pan-European deal flow● Access to SEP database (powered by AngeList)● Scouting and Filtering
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#atmosphere14