Startup Entrepreneurship Speech

Teemu Polo

EntrepreneurOrigin:

1875–80; < French: literally, one who undertakes (some task),equivalent to entrepren ( dre ) to undertake (< Latin inter- inter- +prendere to take, variant of prehendere ) + -eur -eur. See enterprise

(source: dictionary.reference.com)

Finnish: Yrittäjä, i.e. ”one who tries”

So, serial entrepreneur in Finland is somebody who has failed often? :-)

Who, me?M.Sc. (SW engineering) & executive MBA (strategy)

Nokia R&D team leadingNokia Business Development (& Strategy)

Startup guy, an entrepreneur, Cyprus, Latvia, Finland.

Soljuva Technologies Ltd

Starttaamo founder & chairman, Mobile Monday Oulu lead, Oulun yrittäjät member of the board, Revontuliryhmä, ...

Different kind of Startups (Steve Blank)

1.  Lifestyle Startups – Work to Live their Passions

2.  Small Business Startups – Work to Feed the Family

3.  Social Startups – Driven to Make a Difference

4.  Large Company Startups – Innovate or Evaporate

5.  Buyable Startups – Born to Flip

6.  Scalable Startups – Born to Be Big

VILLE HEIKKINEN © BUSINESSOULU 2013, WWW.BUSINESSOULU.COM

Once upon time..

Soljuva Technologies Ltd

Teemu Polo

CEO, co-founder

Out of Office, not Out of Touch

Problem

Solution


Soljuva Solution

No Training.

No Hassle.

Case Examples

Jorma40 yrs in industry

Jyrki, 32 yrsCEO, realtor

Business CaseBefore After Saved €

Productive vs Wasted

hours

Wasted gasoline

Perceived quality

2 hrs/d

60 €/d

SAVED & CREATED:

COST:

> 1000 € / MONTH / UNIT

150 € / MONTH / UNIT

Ready-2-Go


Soljuva Timeline

Back to Oulu

Demand side act ivi t ies

Idea to business

Start up

Growth and Internationalization

Entrepreneur Orientation

Incubator for experienced professionals

Enterprise Agency (Uusyrityskeskus)

Innovation Mill

VILLE HEIKKINEN © BUSINESSOULU 2013, WWW.BUSINESSOULU.COM

Accelerator

Incubator based on Uni. resources

Private co-working spaces

BO Growth and Internationalization

services

Universities

Technology transfer

BO Startup

R&D environment

SCALAB I L I TY

Picture source: http://en.wikipedia.org/wiki/Startup_company

Picture source: http://en.wikipedia.org/wiki/Startup_company

Oulu ecosystem

Business Oulu

Takomo Starttaamo

BK Accelerator

Butterfly VC

Finnvera

Vision+

Starttaamo ryBy entrepreneurs for entrepreneurs

Starttaamo in nutshell

• Voluntary based, peer-‐to-‐peer entrepreneur community• Consists of entrepreneurs, investors and different support

functions (and hangarounders)• Heteregenuous community.• Best companies.• Operations ran as a startup.

Highlights May 2011-‐Dec 2012

• Several Coaching events for the Oulu community (not just members)• Two FastForward coaching events with highest profile VCs• Roughly 30-‐40 company coaching days• Most relevant VIGO accelerators have visited us frequently

• Successful companies• Starttaamo member companies have raised 10M€ funding• Most of Oulu NIY-‐companies are members• 70% of Oulu companies approved to Slush 2012 were from Starttaamo• Bitbar won European Venture Contest (ICT category), presented in

Google IO• Innozed at Slush top-‐20, finalist at Nordic Startup Awards, @Nasdaq• Kinoni won SomePitching competition (Oulu)

Highlights May 2011-‐Dec 2012• Several industry leaders and interesting companies

and organisations as visitors, for example: • Mikko Hyppönen -‐ F-‐Secure• Bill Reichert -‐ Garage Technology Ventures• Artturi Tarjanne -‐ Nexit Ventures• Tom Henriksson ‒ Open Ocean Capital • Manu Mäkelä ‒ Conor • Antti Kosunen ‒ Butterfly Ventures• Harry Santamäki ‒ KoppiCatch • Risto Rautakorpi‒ Gorilla Ventures • Jaakko Salminen ‒ FiBAN• Henrik Keinonen -‐ VENDEP• Eyal Benjamin• CERT-‐FI• Microsoft (many)• Nokia (many)• KPMG (several visitors)• OP-‐Bank (several visits & visitors)• business angels, business developers, etc etc

• Other events at/by/with Starttaamo, for example:• Starttaamo-‐week, including Gamespring event• Mobile Mondays (a few)• Somepitching Live!• Oulu Open Hack (twice?)• Nordic Panorama, Transmedia Hackathlon• Ohjelmistoyrittäjät• Socializing Friday (twice)• Android Oulu• Finnmob Open Bar• Startup Sauna warm-‐up (twice)• Peer-‐coaching events (many)• Exit-‐workshop with KPMG• Microsoft Geeks-‐with-‐Slates• Countless information sessions etc kept for

students and other visitors.• etc • etc

Almost all events have had public access

Highlights May 2011-‐Dec 2012

• Great media relations & coverage• Two visits by the Wallstreet Journal, plus number of visits by national newspapers.• Recently, most coverage was diverted to member companies (no need to pitch

Starttaamo). • Group of Brittish journalists visited us in Summer 2012• Boostery.

• Networks and cooperation with• Business Angels Finland• SomePitching• Hub Helsinki• Aalto Startup Sauna• Finnmob• Founder2be

• A lot of business development and matchmaking done in background (ask the companies)

Highlights Jan 2013 onwards

• Great events• Peter ”Mighty Eagle” Vesterbacka

visit Jan 2013• Pub Summit event, networking towards UK• Series of Samsung visits Summer 2013• Helping others to succeed (Startup sauna,

Midnight Pitch Fest)• Press• TechCrunch, ArcticStartup, Finnfacts, Kauppalehti,

Kaleva has reported on us Spring 2013.• Now hiring 1st full time employee• Run day-‐to-‐day activities• Develop Starttaamo further• Help the members

• A lot of business development and matchmaking done in background (ask the companies)

%(�,163,5('%(�,163,5('6(0,1$$5,��HINTA 150!

.(6.,9,,..21$��./2��Tervetuloa MobileMondayn “Be Inspired” -kiertueen VIP-tapahtumaan keskiviikkona 11.9 klo 13-16.Ravintola Rauhala, Mannenkatu 4, Oulu.

Tomi Ahosen ja Alan Mooren “Communities dominate brands” kirja oli vuonna 2005 mullistava näkemys yhteisöllisyyden vaikutuksesta yritystoimintaan ja yhteiskuntiin kaikkialla. Tomi, Alan ja useita muita maailman johtavia yhteisöllisyyden, joukkoistamisen, mobiilin ja yritys- muutoksen avainvaikuttajia kokoontuu nyt Ouluun vaihtamaan näkemyksiään tulevaisuuden muutostarpeista ja -mahdollisuuksista. Tervetuloa mukaan tähän ainutkertaiseen tilaisuuteen.

LISÄTIETOA JA ILMOITTAUTUMINEN - KLIKKAA ALLAOLEVAA LINKKIÄhttp://www.eventbrite.com/event/7979560079

Tomi AhonenForbesin valitsema maailman merkittävin mobiilivaikuttaja 2012on kirjoittanut 12 kirjaa mobiilikehityksestä ja yhteisöllisyydestä.

),1/$1'

Starttaamo ry

Peer support - Connections - Ecosystem

SummaryEntrepreneurship is about doing stuff.

Get a job.

Focus on sales from day 0.

Don’t be afraid to fail. Manage risk.

Connect to your peers. Get help.

Team!

Who wants to be a millionaire?

Thanks.

Contact:Teemu Polo

[email protected]+358 40 565 4496