It is not about money and technology…
Download
1 / 22

It is all about the people, stupid! - PowerPoint PPT Presentation

It is not about money and technology… It is all about the people, stupid! Laurie Olivier October 8, 2009 PROUDLY SOUTH AFRICAN A SUCCESSFUL START-UP … ENTREPRENEURS MAKE THE WORLD GO ROUND …. THE WORLD IS FLAT … GLOBAL/SOCIAL COLLABORATION … WHAT A PLACE!!

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha

Download Presentation

It is all about the people, stupid!

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


It is not about money and technology…

It is all about the people, stupid!

Laurie Olivier October 8, 2009


PROUDLY SOUTH AFRICAN


A SUCCESSFUL START-UP …


ENTREPRENEURS MAKE THE WORLD GO ROUND ….


THE WORLD IS FLAT …


GLOBAL/SOCIAL COLLABORATION …


WHAT A PLACE!!


MANY ATTEMPTS TO CLONE SILICON VALLEY


GRADUAL EVOLUTION OF SILICON VALLEY

Steve Jobs in front of his garage, where he made the first Apple

computer.

HP founders Dave Packard & Bill Hewlett in front of their famous garage in Palo Alto, CA


OPPORTUNITY TO LEAPFROG OLDER TECH CYCLES


SOME SUCCESSFUL OWN VERSIONS OF SILICON VALLEY … IT CAN BE DONE!

Route 128, MA

Bangalore, India

Israel

Zhongguancun, Beijing

Hsinchu, Taiwan


THE SILICON VALLEY COMMUNITY

= SUCCESS RECIPE

CLOSE PROXIMITY

Academia & R&D

= Technology

& Manpower

VC’s = Funding

& Networks

CRITICAL MASS REQUIRED

3

2

Local Networking

& Social Community

5

Entrepreneurs &

Culture of risk taking

SUCCESS STORIES

RELATIONSHIPS

Government Support

& Regulatory

Environment

CROSS FERTILISATION

4

1

CONVERGING SOCIAL CIRCLES


ISRAELI SUCCES STORY:

VC FUNDING = “SILVER BULLET”

2002

  • 60 VC’s (>$10B)

  • $17B M&A deals

  • >100 IPO’S

  • #3 in Nasdaq

  • Cisco, IBM, Intel, MSFT & ROW VC’s

  • 3000 Start-ups

YOZMA

1992

  • Israeli Govt invest $8M in 10 VC funds

  • VC partners with 5 yr option to buy out Govt

  • 1 VC ($24M) – Veritas/Athena

  • Success in R&D - Failure in marketing

  • No M&As

  • Few IPO’S

  • Lack of international involvement

  • 300 Start-ups


‘SECRET SAUCE” FOR ISRAELI SUCCESS

Deal Flow/

Technology

International Orientation

VC CRITICAL MASS

2ND TIME ENTREPRENEURS

Favorable

Regulatory

Environment

& Govt

Support

Proven Track

Record

Success

NB!


TRADITIONAL SA TECHNOLOGY INTERNATIONALISATION MODEL

  • Most common SA VC model today

  • First proof tech on local market

  • Then overseas clients/partners

  • Company end-up with SA identity

  • Disadvantages:

  • Lower entry barriers = Competition other regions

  • Less global market input during R&D phase

  • Late start (behind international competition) with development of international relationships

  • Difficult to exit on international markets


ISRAELI TRANSATLANTIC GLOBAL TECH START-UP MODEL CAN WORK FOR SA

  • Proof tech on global (US) market

  • Global (US) marketing presence on Day 1

  • Evolution of global management team

  • Company has a global (US) identity

  • Company prepares for global (US) exit from Day 1

  • Advantages:

  • Focus on leading global technologies

  • Global strategic market input from concept to exit

  • Early development of global relationships

  • Global (US)identity & track record (req. for US exit)


GOVERNMENT INVOLVEMENT IS ESSENTIAL: MAIN R&D SUPPORT PROGRAMS IN ISRAEL


WE HAVE THE ENTREPRENEURIAL CULTURE

  • “Can do “ mentality

  • Pioneering Ethos

  • Informality is a way of life

  • Questions authority/status quo

  • Can be stubborn and some don’t listen well

  • Not patient, and do not stand in line

  • Aggressiveness is not in short supply

  • Boot strap mentality

  • Make due with less

  • Learn quickly from mistakes

  • Believe in miracles


OUT OF THE BOX THINKING ..

MOBILE HEATER


CREATIVE RISK TAKING IS ESSENTIAL ..

Creative risk taking is essential to success in any goal where the stakes are high. Thoughtless risks are destructive, of course, but perhaps even more wasteful is thoughtless caution which prompts inaction and promotes failure to seize opportunity.


YOU CAN MAKE IT HAPPEN!!!


LET’S MAKE IT HAPPEN!!!

THANK YOU


ad
  • Login