Founder Insitute Jakarta & IWIC VII

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Founder Institute Sanny Gaddafi @SaGad

description

Presentation about Founder Institute and Local Startups

Transcript of Founder Insitute Jakarta & IWIC VII

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Founder Institute

Sanny Gaddafi@SaGad

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FUPEI.COM

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We Need More Great Startups

Source: www.alexa.com

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Indonesia Today … And In 2030

Source: “The archipelago economy: Unleashing Indonesia’s potential”, McKinsey Global Institute, 2012

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Most Of Them Are Mobile

Source: www.redwing-asia.com

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Investors Are Coming

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Local Success Story:

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Local Success Story:

In the beginning:1.Started with 2 co-founders2.No local conglomerate/big group backup3.Compete with big players (Plasa, Rakuten, Multiply)Now:1.No 1 C2C e-commerce website2.Grow by 686% (2012)3.Raised Series-C funding

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Now, What Should You Do?

1. Select a real, big problem you are passionate about

2. Find the right solution3. Build a strong team4. Develop a great product5. Launch with laser focused execution

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You’ve Got Help!

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What Is The Founder Institute?

• A global network of startups and mentors that helps

entrepreneurs launch technology companies. • The World’s Largest Idea-Stage Incubator • Goal is to Globalize Silicon Valley and launch over

1,000 meaningful and enduring technology

companies per year.

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The Problem

• Starting and running a

startup is hard• There is no playbook• Success is rare• We want to help

entrepreneurs avoid

deadly mistakes

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Our Philosophy

• Ideas are largely irrelevant• Great companies start with

great people

• Great People

+ Expert Training

+ Aligned Incentives =

Exponentially Better

Chance of Success

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Expert Training

Phase 1: Idea Refinement Phase 2: Business Setup Phase 3: Launch Planning

1. Startup Basics2. Vision/ Values3. Startup Research4. Naming/ Branding5. Mentor Idea Review

6. Startup Legal/ IP7. Cofounders/ Hiring/ Firing8. Revenues/ Costs/ Profits9. Product Development10. Mentor Progress Review

11. Outsourcing/ Suppliers12. Marketing/ Sales13. Presentation/ Publicity14. Fundraising15. Graduation

• 4 Month Curriculum

• 3+ Mentors / Session

• Emphasis on Group Work and

Constant Feedback/ Evaluation

• Not Required to Quit Your Job

• ~ 20 hrs / week commitment

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… Taught By Seasoned Mentors

- Nolan Bushnell (Atari)- Peter Guber (Mandalay Entertainment)- Bram Cohen (BitTorrent)- Jonathan Abrams (Friendster)- Naval Ravikant (VentureHacks)- Will Bunker (Match.com)- Jake Nickell (Threadless)- Gregg Spiridellis (JibJab)- Luke Beatty (Associated Content)- Dan Shapiro (Ontela/Photobucket)- Glenn Kelman (Redfin)

- Elon Musk (PayPal, Tesla)- Marc Pincus (Zynga)- Jeff Dachis (Razorfish)- Jason Calacanis (Mahalo)- Scott Heiferman (Meetup.com)- Aaron Patzer (Mint.com)- Michael Arrington (TechCrunch)- Jon Nordmark (eBags)- Phil Libin (Evernote)- Jordan Greenhall (DivX)- Phillip Kaplan (Adbrite, Blippy)

800+ Global Mentors

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… Taught By Seasoned Mentors

- James Chan (Neoteny Lab)- Julian Gorman (Indosat)- Martin Hartono (GDP Venture)- On Lee (GDP Venture)- Remco Lupker (Tokobagus)- Rudy Ramawy (Google)- Sakti Makki (MakkiMakki)- Takeshi Ebihara (Rebright Partner)- Toto Sugiri (Sigma Cipta Caraka)- Weihan Liew (MainGames)- William Tanuwijaya(Tokopedia)

- Alfred Budiman (Samsung)- Andy Jobs (Nexian)- Andy Sjarif (Sitti)- Ari Juliano Gema (Assegaf)- Budi Rahardjo (Indo CISC)- Dian Kurniadi (Nexian)- Dian Noeh Abubakar (KVB)- Danny Oei Wirianto (MindTalk)- Edi Taslim (Kompas.com)- Eka Ginting (Indo.com)- Izak Jenie (Nexian)

800+ Global Mentors

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Growing Worldwide Entrepreneurship

SeattleSan FranciscoSilicon ValleyLos AngelesSan Diego

ChicagoSt Louis

BrusselsBerlinParisAmsterdam

SingaporeJakartaHanoiSydneyKuala Lumpur

DenverHouston

Currently in 23 locations – 30+ planned in 2013

BogotáSantiago

BostonNew YorkWashington DC

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The Result: 500+ Companies Already

• 550+ Founders

Graduated• 41% receive funding

within 6 months• Only 9% of companies

fail in the first 18

months

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Some Testimonials

“I believe that these eight startups and 13 founders have really experienced a tough yet fun four months – I could sense it through their presentations. Props to the directors for bringing the Founder Institute to Jakarta.”