Forget acceleratorsBuild the local startup ecosystem

Alex Barrera (@abarrera)Riga, September 2012

http://www.slideshare.net/press42 @abarrera #ecosystems

http://www.slideshare.net/press42 @abarrera #ecosystems

What is an accelerator?

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Standardized investment terms

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Standardized investment terms

Time-limited program

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Standardized investment terms

Time-limited program

Synchronous (seed) investment

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Connections to future capitalStandardized investment terms

Time-limited program

Synchronous (seed) investment

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Bay Area7.15M

395.29/km2

Latvia2.2M

34.3/km2

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Without community accelerators fail

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Dubai

Shanghai

Abu Dhabi

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Creation of an ecosystem

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Stage 1: founders

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Stage 2: Utopia core

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Stage 3: growth

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Stage 4: copycats

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Stage 5: cross pollination

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Stage 5: cross pollination

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WALK

THE

Talk

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I. SET YOR VALUES

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FEW IS BETTER

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II. RECRUIT LIKEMINDED PEOPLE

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III. CREATE CULTURE

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III. CREATE CULTURE

Honest

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III. CREATE CULTURE

Honest

Humble

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III. CREATE CULTURE

Honest

Humble

Consistent

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IV. CREATE MEANING

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IV. CREATE MEANING

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V. FOCUS THE ATTENTION

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VI. ENABLE COMMUNICATION

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KEEP IT

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VII. CREATE NOISE

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Make them write

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Ensure weekly activity

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VIII. FOLLOW UP

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STRUCTUREFOLLOW

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IX. ENCOURAGE NEW PROJECTS

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X. BRIDGE THE INVESTOR CHASM

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Learn how to pitch!

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GOINTERNATIONAL

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INVITE

THEM

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They need to learn...

teach them.

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HONESTLY: It costs money

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Attracts talent

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NEVERShortcuts

work

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Beautiful

but fragile

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Leadership by entrepreneurs

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Liels paldies!

Alex Barreraalex@press42.com