orlando technology growth trends and why startup communities matter
DESCRIPTION
Originally presented April 24, 2014 to the Orlando Chamber of Commerce's Business Roundtable attendees by Philip Holt, CEO and co-founder of SPLYT and co-founder of Canvs. Philip gives an overview of tech growth trends around the world and reveals why startup communities are so important to a city's economy.TRANSCRIPT
Orlando Technology Growth TrendsAnd Why Startup Communities Matter
Originally presented to Orlando, Inc.April 24, 2014
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What This Talk Is About
Orlando’s future belongs to a company
that does not yet exist.
Building the ecosystem that gives rise to that company is as important
as anything else we do as a community.
It will be hard. It will require all of us.
The Rise of City-States
Photo credit: zonu.com
City-States
In the flat world, cities are the most important geographic boundaries
that matter.
Economic opportunity, quality of life, high-quality education, culture all
flow from the cities in which we live.
We have to consider the global landscape as we assess how our city
stacks up.
Can you identify the following cities with just a photo and a few facts?
These cities may surprise you.
Population: 23,470,0002013 GDP $353 billion (USD)
If this city were a country, it would be more populous than Australia
and have the 32nd largest economy in the world
Source: The World Bank, World Population Stats
Shanghai
Population: 13,000,000One of the largest companies
on earth is headquartered here
$110 billion (USD) market cap540,000 employees
worldwide
Source: Business Standard,World Population Statistics
Mumbai
Population: 10,188,000#1 Twitter city in the world#2 Facebook city in the world
Source: Forbes, Social Bakers,World Population Statistics
Jakarta
Population: 11,822,0002011 GDP was $200 billion USD 850,000 university students 90 museums, 54 parks, billboards are banned
Source: Forbes, IBGE 2010 census data, Fecomericio/SP, World Population Statistics
São Paulo
#1 Tourist Destination in the US#3 busiest airport in the US #1 MS&T cluster in the world#2 largest university in the US
Orlando
Diverse business community with global leadership
Venture Capital backed exits and financings
But where are the $1bn startups?
$10BSan Francisco
2007
$4.1BPalo Alto
2008
$2BBoston2002
$4.8BLos Angeles
2002
$1.6BSan Francisco
2004
$3.3BSan Francisco
2009
$10BSan Francisco
2008
$1.2BNew York
2007
Source: WSJ
Geography of Venture Capital
Source: The Atlantic Cities
Source: The Atlantic
Cities
Source: The Atlantic Cities
Venture Capital Per Capita
Source: The Atlantic
Cities
Source: The Atlantic Cities
Based on start ups with high concentrations of STEM jobs, then measured by location quotient, a standard metric that compares a
city’s concentration in a given industry relative to national averages. Orlando scored a 1.1
Source: The Atlantic Cities
Shanghai 1950s and 2000s
Zhangjiang Hi-tech Park Shanghai
• Established in July 1992• 29 Square Miles• 9164 Enterprises• 270,000 Employees (60% of
whom hold higher than undergraduate degree)
• $68 billion in combined operating income
• $3 billion in tax revenue
HITEC CityHyderabad
• Established in 1998• 1000s of square acres• Convention center, hotels,
exhibition center• Area companies include
Microsoft, Oracle, GE Capital, Dell, Google, Deloitte, Accenture, Bank of America, Verizon, Qualcomm, Facebook, United Health Group
This is our Zhangjiang Hi-tech Park and HITEC City. The CV will transform our city.
InfrastructureResearch ParksIncubators & AcceleratorsStart Up Culture
Evangelists & MavensUniversitiesGovernment Support
Source: clrsearch.com
Source: NewGeography
Orlando Startup Scene
Photo Credit: @ProfessorJosh
Meet Ups:• Orlando Tech Meetup• 1M Cups• IndieNomicon• Orlando Data Science• Tech on Tap• Dozens of smaller
meetups
Tech Events:• iSummit• Orlando iX• Venture Pitch• Startup Weekend• Trucks and Tech• Florida Blog Con• Orlando Lean Startup
Machine• Orlando Code Camp• Global
Entrepreneurship Week• Otronicon
News:• Florida Tech Journal• OrlandoTech.org• Bungalower• Daily City• OBJ • Orlando Sentinel
Angel Investors:• Florida Angel Nexus• venVelo Partners• EntreNext• New World Angels• Tamiami Angels• Idea Fund Partners
Venture Capital:• Arsenal Venture
Partners• Florida Growth Fund• Ballast Point Ventures• Medina Capital• Inflexion Partners
Coworking & Accelerators:• Canvs• CoLab • Swivel Space• Starter Studio• Blackstone Launchpad• FamiLab• RAISE Lab (UCF)• UCF Business
Incubators
University Resources:• University of Central
Florida• Rollins College• Full Sail University• Florida Institute of
Technology• Valencia • Seminole State• DAVE School
Start Up Ecosystem
Florida Tech Journal’s Venture Lounge
Photo Credit: Florida Tech Journal
Photo Credit: Starter Studio
Starter Studio’s Kick Off
Photo Credit: Florida Tech Journal
Starter Studio’s Demo Day
Photo Credit: Orlando Tech
Orlando Tech Meetup
Photo Credit: Trucks & Tech
Trucks & Tech Panel Discussion
IndieNomicon Meetup
Photo Credit: IndieNomicon
Photo Credit: FamiLab
FamiLab Soldering Class
The Boulder Thesis1. Entrepreneur Led2. Long-term commitment3. Inclusive4. Activities that engage
6 Lessons from the Founders of 1 Million Cups1. Little changes can make a big
difference.2. Entrepreneurs must lead3. Entrepreneurs need a culture
that advocates for, protects, and supports fellow entrepreneurs
4. Sincere support of a community can change the outcome of a start up
5. Entrepreneurs will save America6. Great ideas live everywhere
12 Tips To Building A Successful Startup Community1. Strong pool of tech founders2. Local capital3. Killer Events4. Access to great universities5. Motivated Champions6. Local press/websites/organizational
tools7. Alumni outreach8. Wins9. Recycled capital10.Second-time entrepreneurs11.Ability to attracted a pool of engineers12.Tent-pole local tech companies
Orlando Startup Community Balance Sheet
Assets:Vibrant and growing start up sceneSelf-organizing (entrepreneur led)Deep and wide talent poolStrong eventsSeveral hundred-million dollar exits for venture backed companiesLarge student populationYoung town, inexpensive to live here, quality of life is highDiverse and accessibleGovernment support
Liabilities:Few second-time entrepreneursVery little recycled capitalImmature angel scene, limited early stage venture capitalLacking meaningful tent-pole tech companiesSilo’ed tech and business communityCommunity awareness, primarily driven by mainstream media
Source: www.census.gov, www.city-data.com, Metro Orlando EDC
Median Household IncomeNational
$52,142Florida
$46,175Orlando
$40,2751 in 3 jobs in Orlando is Tourism & Hospitality
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Why You Should Care
The future of our region is dependent on our ability to create an ecosystem that generates IPO
worthy start ups
Principles
1. Make it easier for anyone to start up.
2. Support the startup community with education, mentorship, connections, support, and attention to increase the odds of success.
3. Inspire more people to take this journey.
What You Can Do
ConnectShare
MentorPartnerSponsor
Local Resources – Get Involved!
http://techevents.us/orlando/http://orlandotech.org/http://trucksandtech.com/http://www.isummit.com/http://www.floridatechnologyjournal.com/https://www.facebook.com/1millioncupsOrlandohttp://starterstudio.com/http://www.meetup.com/cities/us/fl/orlando/http://venturepitchorlando.com/http://www.orlando.io/http://orlando.startupweekend.org/
Source: 1 Million Cups Orlando
