How to f(o)und a start up - perspective from the incubator Gumption
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Transcript of How to f(o)und a start up - perspective from the incubator Gumption
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How to f(o)und a startup?!
BartEmbrechtsManagingPartnerGump5omFollow“XceleratedbyGump5on”onLinkedIn
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Options
• Yourownsavings(!)• FFF• Companyrevenue• Banks• BusinessAngels• Crowdfunding• Government• Incubators(accelerators,combinators,…)• VentureCapital
• Privateequity• Stockmarkets• …
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(TODAY) MONEY IS NOT THE ISSUE. THERE IS ENOUGH MONEY FOR STARTUPS ON THE MARKET. THE QUESTION IS HOW TO BUILD A GREAT STARTUP THAT SURVIVES THE VALLEY OF DEATH.
Conclusion:
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What is a startup?!
A STARTUP
is a
TEMPORARY ORGANIZATION
used to search for
a REPEATABLE and SCALABLE BUSINESS MODEL.
(SteveBlank)
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hHps://www.youtube.com/watch?v=_a3s0IXSuxY
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Business plan or business model?
• TheLeanStartupisawaytogofromPLANAtoaPLANTHATWORKS
• APLANTHATWORKS=APLANTHATBRINGSYOUTOAREPEATABLEANDSCALABLEBUSINESSMODEL
• Abusinessmodeldescribesthera\onaleofhowanorganiza\oncreates,deliversandcapturesvalue.(Osterwalder,2010)
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BUSINESS MODEL CANVAS
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Key Talents/drivers of the Entrepreneur
① CreateandTranslateyourVISION② SelectandAHractagreatTEAM(environment)
③ Excel/Innovate(personal,systems&processes,structure)
④ CreateandliveaCULTUREthatinspiresPEOPLE
⑤ GUMPTION
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gumptionnoun\ˈgəm(p)-shən\ commonsense
FIRMNESSofmind unyielding
COURAGEinthefaceofhardshipordanger
abilitytoDECIDEwhatisthebestthingtodoinapar\cularsitua\on,andtodoitwithenergyanddetermina5on
ini\a\ve
willingnesstodothehardworktogetit
done
guts
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BartEmbrechtsGump\onNVSatenrozen10
2550Kon\ch,BelgiumTel.:+3238432900
PhilippeHam5aux
Gump\onSAZoneIndustrielle,22
L-8287Kehlen,LuxembourgTel.:+352621281681
www.gump\on.eu