The wonderful world of startups - EPITA Innovation Week

Journey to the Wonderful World of Startups

EPITA Innovation Week 2013

Daniel Jarjoura - Startup42

58 slides

58 slides

~ 1 hour

58 slides

~ 1 hour

Constant interactions

58 slides

~ 1 hour

Constant interactions

Q&A at your discretion

Ladies and gentlemen, this is your captain speaking

BS Telecommunications

Pre-sales Engineer

Product Manager

Innovation ManagerBusiness Development Director

MS Computer Science

Startups?

Net worth: $19 Billion

Net worth: $19 Billion

What about France?

$600M

$6.8B

What’s a startup?

3 types of startups

Lifestyle Startups

Lifestyle Startups

Work to live their Passion

Lifestyle Startups

Work to live their Passion

Serve know customer

with known product

Lifestyle Startups

Work to live their Passion

Serve know customer

with known product

No Exit potential

Small Business Startups

Small Business Startups

Work to Feed the

family

Small Business Startups

Work to Feed the

family

Serve know customer

with known product

Small Business Startups

Work to Feed the

family

Serve know customer

with known product

Limited Exit potential

99,9% of French companies

Scalable Startups

Scalable Startups

Born to be BIG

Scalable Startups

Born to be BIG

Solution for unknown customer

with unknown features

Scalable Startups

Born to be BIG

Solution for unknown customer

with unknown features

Huge Exit potential

Total Available Market > €300M

Typically needs Venture Capital

Growth Potential > €50M

A startup is a temporary organization used to searchfor a repeatable and scalable business model

Steve Blank - Author, Entrepreneur

Startups are Not small versions of big companies

Startups Big Companies

Startups Big Companies

Search

Startups Big Companies

Search Execute

Startups Big Companies

Search Execute

Metrics

Startups Big Companies

Search Execute

Metrics Accounting

Startups Big Companies

Search Execute

Metrics Accounting

Customer Validation

Startups Big Companies

Search Execute

Metrics Accounting

Customer Validation Sales

Startups Big Companies

Search Execute

Metrics Accounting

Customer Validation Sales

Customer Development

Startups Big Companies

Search Execute

Metrics Accounting

Customer Validation Sales

Customer Development

Product Management

Startups Big Companies

Search Execute

Metrics Accounting

Customer Validation Sales

Customer Development

Product Management

Agile Development

Startups Big Companies

Search Execute

Metrics Accounting

Customer Validation Sales

Customer Development

Product Management

Agile Development

Engineering

Entrepreneurship as a Management Science

Entrepreneurship as a Management Science

E-School instead of B-School

The first business school

1819

1908

First MBA1957

First European MBA

2008

> 100,000 MBAs / year

Business as a Management Science

Business Schools Topics

Business Schools TopicsExecution

Business Schools TopicsExecution

Accounting

Business Schools TopicsExecution

Accounting

Strategy

Business Schools TopicsExecution

Accounting

Strategy

Product Management

Business Schools TopicsExecution

Accounting

Strategy

Product Management

Engineering

Startups Big Companies

Search Execute

Metrics Accounting

Customer Validation Sales

Customer Development

Product Management

Agile Development

Engineering

Startups Big Companies

Search Execute

Metrics Accounting

Customer Validation Sales

Customer Development

Product Management

Agile Development

Engineering

Startups Big Companies

Search Execute

Metrics Accounting

Customer Validation Sales

Customer Development

Product Management

Agile Development

Engineering

Business Schools Focus on Big Company Strategies

Business Schools Limitations?

Business Schools Limitations?Most professors consult for large companies

Business Schools Limitations?Most professors consult for large companies

Most believe startups are small versions of big companies

Business Schools Limitations?Most professors consult for large companies

Most believe startups are small versions of big companies

Most B-school entrepreneurship programs are side-shows

1959

1996

2005

2011

> 100 incubators globally

Incubators a Reaction to the lack of Practical University

Entrepreneurship

Startup Incubators

Startup IncubatorsExperience vs. Theory

Startup IncubatorsExperience vs. Theory

Goal: create a company and jobs

Startup IncubatorsExperience vs. Theory

Goal: create a company and jobs

Curriculum: product development + best practices

StartUp42 is a startup accelerator, aimed at helping early-stage ICT projects develop their first prototype and validate initial assumptions in 4 months

We are a non-profit organization offering acceleration services free of charge to s t a r tups without taking equity

We are supported by EPITA as well as a club of corporate sponsors

We are open to all and look for:Innovative ICT projects solving real-life problems

Teams with at least one technical co-founder

Hacker’s spirit, really ;)

Services offered to our startups

Technology Expertise

Access to the startup ecosystem

Some of our partners

Serendipity Mentorship

Tariq KrimJolicloud

Guillaume RoquesSalesforce.com

Adrien AumontKissKissBankBank

Stéphane CrozatierFacebook

Mattt ThompsonHeroku

Prescillia LeroyAgence PPM

Franck TetzlaffKobojo

Jacques BonifayTransatel

David BizerHackFwd

Alain BuzzacaroFrance Télévisions

Véronique di BenedettoEconocom

Didier TranchierIT Angels

Alexandre MalschMelty

Frédéric PlaisCommerce Guys

Jean-Xtophe OrdonneauMelcion, Chassagne

Ori PekelmanConstellation Matrix

Daniel CoheurMelio, Cibus intl

Marc BrandsmaSchibsted

Rama DivediVerseau

Vincent VergonjeanneKobojo, EVERYDAYiPLAY

Rand HindiSnips

Laurent BaudartSyntec Numérique

Anne-Charlotte RivièreDechert

Olivier LeclercAlcatel-Lucent

Paul Degueuse360 Capital

Christian-François VialaMobileTag, YesProfile

Antonin LéonardOuiShare

Dali KilaniZynga, iFeelgoods

Mathieu LhoumeauContract Live

Wessel KooymanCole Street

Some of our mentors

Ramine DarabihaRovio

Jb LabruneMIT Medialab

Our first batch (StartUp42 v0.1)Collective Thinking develops solutions for governments and enterprises, allowing them to identify and build collective thoughts trends through syntactic analysis and big data algorithms. This solution will enable their customers to analyze and understand these trends.

Dyndrop offers to PHP developers and web agencies a simple and easy way to deploy GitHub projects on the cloud while automating server administration and managing the development workflow.

Mobeye enables companies and brands, to gather and analyze their on-site data in an effective way, by giving incentives to a large community of smartphone users, willing to participate. These users will then be able to make money while collecting data for enterprises.

Modizy is the first online personal shopper for women. Founded in March 2012, Modizy already offers 60,000+ products and 6,000 fashion brands to more than 14,000 active members, 98% of them being women. Like a real personal shopper, Modizy learn its users’ tastes through its intelligent marketplace and help them shop on by giving advice and making suggestions.

MotionLead was founded in 2012 by two EPITA students while in their 2nd year. Their first application, Meme reader (previously 9GAG reader), was downloaded more than 1.6 millions times and is currently used by 600,000+ active users. MotionLead is currently working on revolutionizing mobile advertising

MonPractice.com provides the keys to pinpoint your winning golf moves using sensors located directly on the paddock. No matter what your level is, MonPractice.com is able to provide you real time customized help through your own tablet or a multimedia kiosk.

Ubimix provides a collaborative solution allowing to curate, repurpose and scenarios high-resolution images and to transform them into interactive zoomable ebooks, catalogues, infographics, maps or presentation.

Monpractice.com

motionlead

Our v0.1 Prototype Fiesta

Before After

13 teams pre-selected

7 early-stage projects selected

80% outside applicants

16 motivated founders

+10 new hires

Many awards won

6 incorporated companies

1 fund raising (€250K) and another one on the way

So, what’s in there for you?

You might want to

move to the dark side of

the force

Or maybe still hesitating?

5 myths about working for a startup

5 myths about working for a startup

1/ Smart people work for big companies

5 myths about working for a startup

1/ Smart people work for big companies

5 myths about working for a startup

1/ Smart people work for big companies

2/ Those who can’t get a job elsewehre join a startup

5 myths about working for a startup

1/ Smart people work for big companies

2/ Those who can’t get a job elsewehre join a startup

5 myths about working for a startup

1/ Smart people work for big companies

2/ Those who can’t get a job elsewehre join a startup

3/ You can’t get real learning experience if you work in a startup

5 myths about working for a startup

1/ Smart people work for big companies

2/ Those who can’t get a job elsewehre join a startup

3/ You can’t get real learning experience if you work in a startup

5 myths about working for a startup

1/ Smart people work for big companies

2/ Those who can’t get a job elsewehre join a startup

3/ You can’t get real learning experience if you work in a startup

4/ Startups don’t pay their employees

5 myths about working for a startup

1/ Smart people work for big companies

2/ Those who can’t get a job elsewehre join a startup

3/ You can’t get real learning experience if you work in a startup

4/ Startups don’t pay their employees

5 myths about working for a startup

1/ Smart people work for big companies

2/ Those who can’t get a job elsewehre join a startup

3/ You can’t get real learning experience if you work in a startup

4/ Startups don’t pay their employees

5/ The bigger the company you work for, the better your career chances are

5 myths about working for a startup

1/ Smart people work for big companies

2/ Those who can’t get a job elsewehre join a startup

3/ You can’t get real learning experience if you work in a startup

4/ Startups don’t pay their employees

5/ The bigger the company you work for, the better your career chances are

And if you already made your choice...

Startups are changing the world. Don’t miss the train

Thanks  so  much  for  listening  and  let’s  stay  in  touch!

@Startup42_

facebook.com/Startup42

@Djarjoura

linkedin.com/company/startup42

www.startup42.org

slideshare.net/djarjoura

daniel@startup42.org