cee startups in sv 2012
DESCRIPTION
How to be successful in the US - three different ways to make itTRANSCRIPT
How to launch Central European startups in the US 2012 WEBIT Oliver Holle, CEO
Entry to the US market
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Tech Crunch Superstar
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Try to be like them
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Not them...
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Leo Martin Me ;)
Meet Three Dudes Who Did It..
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Meet Leo
þ Amazingly young, no family, no girlfriend
þ Nice idea and a cofounder who can code
þ Little bit of cash from parents (probably)
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How Leo Did it: „NLB Approach“
1. Apply for tier 1 accelerator
2. Move to San Francisco
3. Become American
4. Raise seed round there, as one of them.
5. Be excellent
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Leo‘s Roadkill Strategy
1. Do the „US trip“ for a few weeks
2. Fundraise in SV while running the business in Slovakia
3. Have „excellent meetings“ with investors, not going anywhere
4. Participate in 3rd rated accelerator programme by local government
5. Be anything less than an absolutely excellent entrepreneur
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Meet MarGn
þ CEO of a CEE tech company
þ Surprisingly, has true edge over US counterparts (timing, tech, ...)
þ Traction in Europe, some attention in US tech blogosphere
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How MarGn Did it: „Build a MUTANT“
1. Fundraise in Europe, keep core team there
2. Build US DNA: US inc., local support & rollout infrastructure, etc.
3. Find the right Biz Dev dude in US (!!!), make him shareholder
4. Travel, travel, travel
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MarGn‘s Roadkill Strategy
1. Fundraise in SV while still a CEE based company
2. Pay expensive consultants for 3 months halftime sales engagement
3. Try to win US customers without US DNA
4. Hope that your technology will win...
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Meet Oliver
þ Profitable, sizeable tech company in CEE
þ First few leads in US (big brands, little revenue)
þ Desperately looking for an exit J
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How Oliver Did it: „The Wedding Planer“
1. Be patient. Breeze, nothing will happen fast
2. Free up „A team“ to work on US, incl. yourself
3. Engage with your US buyers but don‘t talk about selling. Build business partnerships
4. Be patient. Make them succesful. Avoid VC money and big expansion rounds.
5. Sell, finally.
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Oliver‘s Roadkill Strategy
1. Spend all your time in the US with no operational backup at home
2. Miss your numbers
3. Hire expensive M&A bank to chase US buyers or VC‘s
4. Try to sell before building relationships
5. Delegate US expansion to expensive „hired guns“ and sit home, praying.
US Market Entry for Dummies
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You have nothing (but your guts, an idea and a prototype)
You have technology (but not much clue otherwise)
You have a business (and want to sell to the US)
NLB
US Mutant
Wedding Planer
US Market Entry for Dummies
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You have nothing (but your guts, an idea and a prototype)
You have technology (but not much clue otherwise)
You have a business (and want to sell to the US)
NLB
work with
We will take you there Oliver Holle, CEO Speedinvest +4369913205532 [email protected] TwiUer: @oholle www.speedinvest.com
V i e n n a s e e d f u n d u p t o 5 0 0 k E U R / d e a l US operaGonal team C E E f o c u s i n t e r n e t / m o b i l e 1 0 0 % e n t r e p r e u r s