building startups: the "3rd co-founder model"
DESCRIPTION
Among the myriad of types of structures breeding startups (incubators, accelerators, etc.), a new successful model has emerged: the startup studio. Brand new, this model is already controversial, as show the announced IPO of Rocket Internet. Here is how we see the startup studio model: as being a 3rd co-founder. You can reed the full version on our blog: http://efounders.co/blog/startup-studio-the-3rd-co-founder-model/TRANSCRIPT
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Accelerators
Incubators
Mentors
InvestorsVCs
SeedStage
Board members
STARTUP STUDIO
Labs
A new model has arrived:
Post-accelerators
Hands-on VC
But wait…
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What the H3CK
is a startup studio?
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BUILDING PROJECTS BUILDING COMPANIES
“Startup Studios” are structures that build startups, on the contrary to
incubators and seed investors who focus on mentoring and financing startups.
That’s what we do!
• Managers build projects • Startup is internally financed • Easy to structure • Difficult to build independent
companies
• Entrepreneurs build startups • CEO, CTO and startup studio
have equal shares • Startups have their own team and
culture
Ex: the (in)famous Rocket Internet
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Just like a
!
studio!hollywood
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startup studio
Production, film-makers and actors…… CEO, CTO, eFounders
… in the same studio
…Entrepreneursare superstars
Actors and actresses…
IN THE SAME STUDIO
ARE SUPERSTARS
hollywood
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How does it WORK
?
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#1 Bring the essence of the idea
We find an addressable market and a way to smartly address it. Then we test it over, and over, and over again. Until
one idea sticks.
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#2 Find the perfect co-founder
We recruit incredible talents, CEO- and CTO- material, have them meet the
product, and let the magic happen. The studio acts as the 3rd co-founder.
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#3 CONTROL THE BUDGET
We provide comfort to our founders but spend money very, very carefully and
implement accounting tools from day 1.
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#4 BRING THE THE BEST RESSOURCES
eFounders gathers a team of experts in marketing, design and development that invest 100% of its work and experience
in the startup’ development.
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#5 BE A PERMANENT suPPORT
Pitfalls and great achievements are a daily matter. As a co-founder, we support
our startups, no matter what.
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#6 MASTER TIME MANAGEMENT
Our experience, structure and processes help startups find the right pace.
Building a startup both requires speed and stamina.
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#7 PROVIDe A (REAL) DYNAMIC NETWORK
We build startups in the same vertical (SaaS products), which provides a true,
strong and broad network.
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To Sum UP
…
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Little invested, a
lot of share taken
Shares: equal
to cofounders
Bree
ds In
tern
al
inno
vatio
nW
elco
mes
exi
stin
g
proj
ects
We recruit Co-founders
They recruit Managers
Philosophy
of doers
Philosophy
of mentors
Build
ing
co
mpa
nies
Build
ing
pr
ojec
ts
Focus Vertical
Focus Horizontal
presented by eFounders
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