vassil terziev - telerik - bulgaria - stanford engineering - jan 27 2014
DESCRIPTION
Talk @ Stanford Engineering School, Jan 27 2014. Website: http://me421.stanford.eduTRANSCRIPT
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Worldclass Enterprise Software & Design Startups in Southeast Europe Vassil Terziev, Co-founder and CEO, Telerik
European Entrepreneurship & Innovation
Stanford School of Engineering
January 27, 2014
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Few Words About Me
• Co-founder and CEO of Telerik • Based in Sofia, spending time in Palo Alto • Entrepreneur by chance • Startup mentor and angel investor • Great friends with other co-founders, still
in the company
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Bulgaria on the Map
Location • Southeastern Europe, to the North of Greece and
Turkey
• Controls key land routes from Europe to Middle East and Asia
• Easy access to EU markets
Population and Society • Around 7 million people
• 42.3% aged 25-54 years
Government • Parliamentary representative democratic republic
• EU Member since 2007
Economy • GDP - $102.7 billion (2012 est.)
• Lowest Corporate Tax in EU – 10% Flat Rate
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Great Engineering Talent and Innovators Hub in BG
Bulgaria is: • One of the first European countries to develop serial production of
PCs in the 1980s • 6th country in the world to send a man in space • Ranks among the first in Europe in terms of IT-certified specialists • Bulgarian IT and math students won more than 50 Olympic medals
in the past 10 years
Leading global IT companies have regional technology development centers and offices in the country
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The Wonderful City of Sofia
Best of Everything: Vibrant startup and tech community Beautiful, safe city with a lot of parks Great places to dine or go out Events for everyone – from music and design fans, to science and technology enthusiasts
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TELERIK TODAY
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Bringing Telerik 3.0 to Life
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Launch of the Telerik Platform
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What Telerik Does
“Develop experiences” Telerik empowers developers to create compelling experiences across web, mobile and desktop applications. Our end-to-end, adaptive platform uniquely combines industry-leading UI tools with cloud services to simplify the entire software development lifecycle.
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Our Customers In numbers: • 1.2 million
developers
• 94 Countries
• 130,000+ customers
• 40,000 organizations
• 450+ of the Fortune 500
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TEAM
Over 800 people staying true to our mission to deliver more than expected every day
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CULTURE Work hard, play harder While Telerik grows and our culture evolves, our values stay the same: • Integrity
• Trust • Respect
• Team work • Hard work
• Meritocracy of ideas
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11 Offices in 6 Countries on 4 Continents
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LIFE We are all one Family Life is a game! mentality Make every day at the office a fun one
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DevReach - Bringing Top Tech Experts to CEE Celebrated 8th edition in 2013 1,000 people from 25 countries 43 renown speakers 54 sessions in 6 halls Latest technologies
COMMUNITY
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THE BEGINNING
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From College Buddies to Cofounders
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First Customer Telerik Sofia, Bulgaria
(Headquarters)
2002
5
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First Product, Website and Client
• Web-based business model
• First Product -r.a.d.Editor • First Client - Urs Tobler
08/28/2002 • Validation of product and
online business model
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The Breakthroughs
• Paid features - our clients funded our products’ development
• Focus on UX and design • Fanatical dedication to
our customers
• Getting stable internetJ
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First Customer Telerik Sofia, Bulgaria
(Headquarters)
2002
Telerik Boston, USA
2006
First International Office
5 >44
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First International Office – Boston, MA (2006) Then Today
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From Lifestyle Business to Professional Business
Still, focus on our colleagues, culture and work environment to
date remains unchanged
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GROWTH & EXPANSION
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First Customer Telerik Sofia, Bulgaria
(Headquarters)
2002
Telerik Boston, USA
2006
First International Office
Summit Partners Investment Telerik Germany
2008
5 >44 >124
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First Customer Telerik Sofia, Bulgaria
(Headquarters)
2002
Telerik Boston, USA
2006
First International Office
Summit Partners Investment Telerik Germany
2008
2009
Telerik Academy
5 >44 >124 >200
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Telerik Academy – Innovation in Recruitment and Education
1 96 115
2500
10050
0
2000
4000
6000
8000
10000
12000 Telerik Academy Growth (number of students)
2009 2010 2011 2012 2013
• Free IT education for all ages (kids, high-school students, university students, and professionals)
• 12,000 onsite and online students in 2012-2013
• 35 courses; 1,600+ videos; 1.1 million views
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Telerik Palo Alto Telerik Denmark
2013
Silicon Valley Office
>800
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Silicon Valley Office
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Startup Scene in Bulgaria is Amazing!
Today • Lively, supportive start-up ecosystem and entrepreneurial culture • Angels, seed funds, VCs • Amazing start-ups and a strong community around them • Incubators, co-working spaces supporting these young startups
• Numerous initiatives and events taking place daily
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The Startup Scene – Then & Now A lot has changed since we started in 2002: + Supportive Infrastructure and Incubators + Thriving Ecosystem + Mentorship programs + Educational Initiatives Yet, some things remain the same = You still need a great idea and team to make it = A lot of hard work, dedication, patience and passion = And a bit of luck to turn your idea into a successful business But, if others have done it before you, then why can’t you?
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THANK YOU!
Vassil Terziev
www.telerik.com
http://www.linkedin.com/pub/vassil-terziev/0/42/242