Radu Georgescu (GECAD) – Great Migrations - From Romania to Silicon Valley
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June 8 th 2015 GECAD .mind for innovation 1 Great Migrations From Romania to Silicon Valley Radu Georgescu June 8 th 2015, Techsylvania
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Transcript of Radu Georgescu (GECAD) – Great Migrations - From Romania to Silicon Valley
June 8th 2015 GECAD .mind for innovation
1
Great Migrations From Romania to Silicon Valley
Radu Georgescu June 8th 2015, Techsylvania
June 8th 2015 GECAD .mind for innovation 2
Our vision to success
Round What Why How Seed 1 ($50,000)
Start in Ro Technical Proof of Concept
Tech Know-How Entrepreneur
Seed 2 ($500,000)
Continue in Ro Business Proof of Concept
Small Permissive Familiar
Execution
A Round ($4,000,000)
Move to Silicon Valley Build Growth Get Global Prepare Exit
?
B Round / Exit
June 8th 2015 GECAD .mind for innovation 3
• Profitable Company;
• Clear Focus;
• Clear (Real) USP;
• Home-Grown Romanian Management Team;
• Funded by Romanian Seed Capital.
When Migrate
June 8th 2015 GECAD .mind for innovation 4
Why Migrate
(Build Growth, Get Global, Prepare Exit)
• Largest Market in the World – Both B2B and B2C;
• Largest and Most Active Investor Pool;
• Mature Tech and Commerce Culture;
• Talent Pool;
• Exit Opportunities.
June 8th 2015 GECAD .mind for innovation 5
Migration Challenges – Internal
• Understand the Value of Migration;
• Overcome Resistance to:
– Change in General;
– Cultural Differences;
– Business Maturity and Style;
– Time Difference.
• Convince Founders and Employees That They Will Not Lose Control or Their Jobs.
June 8th 2015 GECAD .mind for innovation 6
Migration Challenges – External
• Too Few Role Model Companies From Romania That Did This Successfully, Not Transparent Enough;
• Image of Romania – Not Always Positive;
• Attract Good Talent:
– Commitment of Founders / Capital;
– Management Style / Ethics;
– Freedom to Work and Perform.
June 8th 2015 GECAD .mind for innovation 7
Migration Challenges – Regulatory and Strategic
• Regulatory:
– Need Good Legal and Tax Advisors.
• Strategic:
– Promoters Need to Be the Evangelists of Change and Support the Migration and the New Structure Through Words and Action;
– Patience: Allow New Structure to Settle Down and Change to Make the Difference;
– Manage the Disruption.
June 8th 2015 GECAD .mind for innovation 8
Main Points
• Pick the Right Silicon Valley, then
• Move to the Silicon Valley, but
• Only if/when you are Ready.
