10 steps to become number 1 in the world
Dec 05, 2014
Why do so many norwegian startups fail to go global?
and
10 steps to become number 1 in the world!
Presentation October 2014 at
Digital Winners, Oslo, Norway
StartUpLab, Oslo, Norway
and
10 steps to become number 1 in the world!
Presentation October 2014 at
Digital Winners, Oslo, Norway
StartUpLab, Oslo, Norway
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Transcript
Bag/stack of money
Sweden flag 1 000 000 000 $ exit
every 2 years
Norway flag None last 20 years!
Norway is not the center of the Universe
THINK BIG!
Build success with customers and partners firstTHEN raise funding from the us
Funding ModelSource: VCs At Work , Tarang Shah
Extended Team
Scalability (Sales, Business Model,
Product
Core Team
Product/ Idea
Market
Cofounding Team
Stage 0Formation
Stage 1Build & Prove
Stage 2Grow & Scale
Funding Type
How Much?
Typical Valuation
Dilution
SeedSuper Angel
Series A
Series BSeries
CSeries D,
E, F$50-500k $500k-2M $3-7M $7-25M $15M+ $25M+
$1M $3-5M $5-10M
$15M+ $50M+ $100M+25-40% 5-10%
Product-Market Fit
6. Get the best team
Source: VCs At Work Tarang Shah
Fire promptly and amicably
Hire unfettered
passion
Lift the quality
Cultural fit&
functional skills
Hire Peopleyou know
Adding value day 1
7. Be bold (don't be afraid)
Work with the
NEW generation
Insert logo FB TWITTERdropbox et google
Show
passion!WeVideo wins DEMOgod Award! - YouTube
PICTURE OF INNOVATION HOUSE
VS PLUG AND PLAY TECH
CENTER
9. DELIGHT your
CUSTOMERS
10. Start with Whyhttps://www.google.com/search?q=Start+with+Why&source=lnms&tbm=isch&sa=X&ei=QyxCVKzTJKK7ygOZsYHABw&ved=0CAsQ_AUoBA&biw=1440&bih=779
THINK BIGBE BOLD
BE FEARLESS
You can beNUMBER ONE IN THE
WORLD
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