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Collaboration & Shared AmbitionWinning in the internet’s third wave
Eoin CostelloCEO Scale Labs
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My focus today
• Why don’t enough startups scale.• Will change as we enter the Third Wave IoT
era.• Do Big Corporates really get the urgency.• How entrepreneurs will succeed in the
Third Wave.• Why Dublin could become an IoT world
leader.
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Only 45% will last five years, only 30% will last 10 years, and between 65-75% will have no growth in headcount after getting established.
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“The stark reality is that the vast majority of startups fail. Those who do succeed are likely to be associated with an ecosystem.”
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“The Internet of Everything will affect every aspect of our lives in increasingly seamless ways. Entrepreneurs as ‘soloists’ will be replaced by orchestras playing a stronger, more credible tune.”
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Technology is enabling the sharing and collaborative economy at scale creating new and innovative value streams.
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"Our research finds that businesses that went through an accelerator raised almost eight times the investment money than non-accelerated businesses."
Global Entrepreneurship Network
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“Innovation today is increasingly led by startups as they are unencumbered by the legacy systems, infrastructure and scale of large corporations.”
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“The success of Uber, Airbnb and TaskRabbit isn’t a fad — it’s a new way of doing business and can help companies transform today’s threat into tomorrow’s opportunity.”
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“Success in the Third Wave of the Internet, the internet of everything era, will be driven by platforms & partnerships. Third Wave entrepreneurs will need to build partnerships across sectors in a way that Second Wave companies never had to.“
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“Competitive advantage doesn’t go to the nations that focus on creating companies, it goes to nations that focus on scaling companies.” Sherry Coutu CBE
eoincostello@startupireland.ieeoincostello@scalelabs.ie
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