Founder Insitute Jakarta & IWIC VII
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Transcript of Founder Insitute Jakarta & IWIC VII
Founder Institute
Sanny Gaddafi@SaGad
FUPEI.COM
We Need More Great Startups
Source: www.alexa.com
Indonesia Today … And In 2030
Source: “The archipelago economy: Unleashing Indonesia’s potential”, McKinsey Global Institute, 2012
Most Of Them Are Mobile
Source: www.redwing-asia.com
Investors Are Coming
Local Success Story:
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
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
You’ve Got Help!
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.
The Problem
• Starting and running a
startup is hard• There is no playbook• Success is rare• We want to help
entrepreneurs avoid
deadly mistakes
Our Philosophy
• Ideas are largely irrelevant• Great companies start with
great people
• Great People
+ Expert Training
+ Aligned Incentives =
Exponentially Better
Chance of Success
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
… 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
… 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
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
The Result: 500+ Companies Already
• 550+ Founders
Graduated• 41% receive funding
within 6 months• Only 9% of companies
fail in the first 18
months
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.”
Questions?
Email: [email protected]:
Andy Zain ([email protected])
Novistiar Rustandi ([email protected])
Sanny Gaddafi ([email protected])
Program Manager:
Sadina Kasman ([email protected])