Markus Wagner: Best Practice Smart Startup Incubation – Dos and Donts aus der Startup Gründung Wien
Aug 21, 2015
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About i5invest – REALIZE ECONOMIC SUCCESS
• Early stage investor in Austria (invest)
• We start (incubate) and grow (internationalize)
companies
• We build (inspire, innovate) ideas & companies in
Austria and grow them internationally
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Top 10 Learnings – building a startup business
1. Team up with the best/team members you know/complementary people/experienced pros
2. Better a small peace of success than a huge of a failure
3. Don’t wait until your product is perfect
4. Talk-talk-talk about your company/products 5. Sell-sell-sell generate revenues – best funding ever!
6. Don’t rely on viral, PR, social media (SEO, CPA, …)
7. Launch fast, A/B testing, try out, learn, mutate, adopt
8. Look for experienced investors (execs, managers, experts, …) expertise, money, network, credibility
9. Do it, don’t wait, don’t think about it, try it out
10.Build companies that earn money
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Top 10 Learnings – smart startup investing
1. Whenever we supported “hands-on” Success
2. Lead investments only in areas of your expertise
3. Active angel investments require your personal time
4. Startups: Lack of time, lack of money, lack of revenues
5. Sweet spot: 1 billion $ versus 20 mln $ exit?
6. Team is key, you need to like them!
7. Don’t raise too much money, don’t raise to little
8. Team up & share if necessary
9. Sales, Sales, Sales, Revenues, Revenues, Revenues
10.As operational non-active angel:1. Spread your risk
2. Find active lead angels with domain expertise & time availability
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About i5invest – REALIZE ECONOMIC SUCCESS
• Service or Product? Feature or Company?
• How to enter the market? How can you defend it?
• Time-to-market? Funding to break-even? Market size?
• Who will buy you? How many options do you have?
• Do you love it? Passion? Best team ever?
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How it works
Venture 1Venture 1
Venture 2Venture 2
Venture 3Venture 3
Venture 4Venture 4
Venture 5Venture 5
We support in:• International Business Network• Innovation Management• Product Strategy• Go-to-Market Strategy• Business Planning• HR• Marketing + PR • Company Setup• Business development• Corporate development • Legal + Patents• Funding/Public Funding• Accounting, Finance • IT Dev. & Operations• Office Infrastructure
Development
Project Management
Product Management
Development
Project Management
Product Management
Development
Project Management
Product Management
Development
Project Management
Product Management
Development
Project Management
Product Management
help ideas to grow
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Want to join a startup? Traineeship?
i5 Summer Academy 2012:
•1/Woche Presentation
•2/Woche Know-How Transfer Lunch
•Brainstorms
•Business Model Evaluations
•Business Model Brainstorms
•Job Rotation
•Incubation, Investment, performance
marketing know-how, social media,
…
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