Orlando Technology Growth Trends And Why Startup Communities Matter

Orlando Technology Growth TrendsAnd Why Startup Communities Matter

Originally presented to Orlando, Inc.April 24, 2014

@canvsORLwww.canvs.orgphilip@canvs.o

rg

@PhilipHoltwww.splyt.comphilip@splyt.com

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

related

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

@canvsORLwww.canvs.orgphilip@canvs.o

rg

@PhilipHoltwww.splyt.comphilip@splyt.com

Questions????Contact me.

Source: InHabitat.com