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Entrepreneurship 101Emre Sokullu

Rule #1Learn to speak English!

Rule #2It won’t be easy

Pre-GROU.PS Times

GROU.PS 2009

and today...

Success is tolerance to failure

Success is tolerance to failure

Emre Burak Turhan Mehmet Sokullu

Success is getting what you want. Happiness is

liking what you get.H. Jackson Brown, Jr.

Other Rules• Get a co-founder.

• Investors (and board) are important. Choose wisely.

• Reward your early employees fairly.

• HR is important.

• Good talent doesn’t grow on trees. You can’t find A-players on kariyer.net

Other Rules (cntd.)• Make money from day #1.

• You’ll fail. Get used to it.

• What’s very dangerous is not to evolve. - Jeff Bezos

• A diamond is merely a lump of coal that did well under pressure. - Henry Kissinger

• Stretch dollars. Teknokent. Great CFO.

The future belongs to those who believe in the beauty of their

dreams Eleanor Roosevelt

Starting a company is like throwing yourself

off a cliff and assembling a plane on the way

downReid Hoffman

Life isn’t about balance, because balance is

perfection. Rather, it’s about catching the ball before it hits the floor.

Carol Bartz

Build courage when courage seems to fail.

Regain faith when there seems to be little cause for

faith. Create hope when hope becomes forlorn.

General Douglas MacArthur

I never learned how to tune a harp or play upon a lute; but I know how to

raise a small and inconsiderable city to glory

and greatnessThemistocles

Ben yanmazsam, sen yanmazsan, nasil

cikacak karanliklar aydinliga.

Nazim Hikmet

VC’ler neye bakar?• Integrity

• Passion

• Experience

• Knowledge (domain expertise)

• Skill (=complete team)

• Leadership

• Commitment

• Vision

• Realism

• Coachable

What’s in a presentation?

• Company Logo

• Business Overview

• Management Team

• Market

• Product

• Business Model

• Strategic Rel.s

• Competition

• Barriers to Entry

• Financial Overview

• Use of Proceeds