Panmak karagiannis - from a tech idea to a global meaningful company

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Talk to the students of the UOM (University of Macedonia, Thessaloniki, Greece) about startups

Text of Panmak karagiannis - from a tech idea to a global meaningful company

  • 1. From a Tech Idea to a Global meaningful company how tech people with a novel idea can start and grow a global company! A Mentors viewSotiris Karagiannis Information Technology Expert, Startup Mentor (a) Twitter: @skaragiannis Linkedin:

2. Who am I ? A Tech Visionary (?) a life timeline full of changes between Passion, Innovation, Entrepreneurship1970s Moon, Robot Toys, Air Models, Electronics, Boards, Mini Computers, Games 1980s20001980s Computers, Uni (Applied Math), Software, Artificial Intelligence Edinburgh 1990s..1990s ISP in N. Greece, Internet Software, Web Apps, Infrastructure, Cloud ,Future? 3. Your mentor for today My path was full of changes in a continuous search for knowledge, innovation, entrepreneurship and real market value I NEVER stopped LOVING what I did (passion) I was many times a self starter (a Serial Entrepreneur), I was never settled, I failed many times and learned a lot. I had mentors myself and I listened to them. I want to pay that back 4. A piece of the reality You are HEREYou want to go HEREGeeks only 5. Think about this 6. Software is eating the World! Marc Andreessen Over two billion people now use the broadband Internet software programming tools and Internet-based services make it easy to launch new global software-powered start-ups in many industries the single most dramatic example of this phenomenon of software eating a traditional business is the rise of Amazon, todays the world's largest bookseller, which is a software company Video : Netflix Music : iTunes, Spotify, Pandora Entertainment: Zynga, Pixar Photography: Shutterfly, Snapfish, Flickr Marketing: Google, Groupon, Living Social, Foursquare Telecom: Skype HR/Recruiting : Linkedin Transportation: Uber, Tesla News/Media : Twitter File share: Dropbox, Box Social: Facebook, Yammer Cloud: Amazon, Azure and . TVs, Home Appliances, Planes, Cars, Oil and Gas, Financials, Health Care, Education, Knowledge 7. Going to a global War: The Basics So do you think youre a (global) entrepreneur ? Why are you there (desire not fear)? Which (global) problem are you solving? Are you afraid of (global) failure? Do you take risks (calculated or other)? Do you want to change the World ? 8. A Tech Idea! Is it enough? Are you solving a (global) problem Do you know what it takes to solve it? You wish to try and dont mind to fail? Do you think that your life is depending on it? Is it going to change the world? 9. Focus on the Problem. Got it?Focus on the problem!! If you're only excited about the solution, you'll lose interest when your solution doesn't fix the problem! 10. Q: Why should anyone care ? A question people hate What is your value proposition ? What is your competition (globally)? Have you got IP protection? Can you execute (idea -> action) ? Does it Monetize ? (money talk) Do customers care ? (metrics) 11. Something to remember about competing incumbentsOver the next 10 years, the battles between incumbents and software-powered insurgents will be epic Marc Andreessen 12. Q: Have you thought about .. ? A TEAM !! Sole Founder vs Having co-founders? The location : Greece or ? Funding ? How much do you need ? Your secret sauce!! You sure have one. Dont you? The old type Business Plan? Better have a 3 Year Budget/quick Business Plan 13. So you want money from VCs? You have a solid Plan You sure have Customer Validation, no? You got Pilots / Commitments You thought about Shares / Equity / Advisors etc You have good legal support!!Thats why Mentoring is useful 14. OK. Ready to take Off ? Product sales, sales, sales growth ! Marketing, brand establishment Continuous funding rounds >> fill me up Global Success Exit Plan !!! Companies are bought !! 15. Product AdviceIf youre not embarrassed when you ship your first version you waited too long 16. The People Who Are Crazy Enough to Think They Can Change the World, Are the Ones Who Do! - Steve JobsAnd some final advice Make more effort than is expected of you.Adapt to the rapid changes Think BUSINESS !!Stay Hungry Stay Foolish 17. Thank You !!