The Impatience ofYouthful Exuberance and

Insanity of Entrepreneurship

NAPEC Globalization & Innovation ConferenceApril 18, 2014 - Chicago

Let’s do a

startup!

Sounds cool…

You have a good gig going on,

why do you want to leave

it?

I’ve been thinking about it,

too. I want to….

You have an idea…

Your Life as an Entrepreneur…

Blockbuster Deals

• Oculus VR - $2B by Facebook• Viber - $900M by Rakuten• What’s Up - $16B by

Facebook

IPO or not to IPO?

• 31 companies have together raised $13B by listing on US markets this year (2014.)

Boston - Best Venture Quarter In Years

http://info.crunchbase.com/2014/04/08/boston-wraps-up-its-best-venture-quarter-in-years/

Gotta Love Kickstarter…

It’s Never Been Easier to START the Company

B/Millionaires Under 30

http://www.therichest.com/rich-list/world/top-10-richest-people-in-the-world-under-30/

How can you be anything else but…

Truth About Startups

• Startups are Insanely HARD• You Live in Your Own Reality• Constant State of Rejection• Doubts/Doubts/Doubts• Problems With No Answers• Paycheck Free Environment

(or close to it)• Startups FAIL More Often than

Succeed

http://blog.clarity.fm/insanity-the-secret-of-entrepreneurship/

Your Life as an Entrepreneur (10X)….

You….

Lottery odds of success!

http://www.statisticbrain.com/startup-failure-by-industry/Research Date: 1.1.2014

Why do we do it?

Passion for Your Idea/Product

“You should be embarrassed by the sheer audacity of your vision!” - Richard Price

Distinctive Vision“You need a set of innate skills that differentiate you from the thousands of others who set out on your similar journey. You need a great concept in which you will build something that is truly unique and that will be valued by your customers.” M. Suster

Patience and Persistence

“80-90% of startups fail. But, in Entrepreneurial world it’s not considered bad if you have failed,” Mr. Vidra said. “You learn

from failure in order to maximize success.” of your next project.

“If you aren’t getting rejected on a daily basis, your goals aren’t ambitious enough.” Chris Dixon

But not Stubborn or Arrogant..

Always be learning…

Be Available to Pivot…

Facemash, a website that presented two photos of Harvard students and let users vote of who is better looking

Social media giant worth over $100B

Tune in Hook Up, a video dating service

Video sharing purchased by Google for over $1.6B in stock

Started As Today

Golden Rule of Networking & Everything Else

“ Give Before You Get.”

Buckle Up and Enjoy the Ride

Thank You!