fi iwic 2013 - presentation v4
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Indonesia Today … And In 2030
Source: “The archipelago economy: Unleashing Indonesia’s potential”, McKinsey Global Institute, 2012
5th Largest Internet Users By 2015
Source: www.redwing-asia.com
Most Of Them Are Mobile
Source: www.redwing-asia.com
Investors Are Coming
We Need More Great Startups
Source: www.alexa.com
Time To Launch Your Tech Startup
4 Main Reasons to Launch Your Tech Startup4 main reasons to launch a tech startup
No Big Capital NeededX
Or, build your company with other people’s moneyPhoto: William Mercer McLeod
Huge Return (Market Cap)
$294.56B
$78.66B
$99.63B
Scalable (Employees)
34k
175k
761k
Early Retirement (Age)
14 years
97 years
65 years
Local Success Story:
In the beginning:1.Started with 2 co-founders2.No local conglomerate/big group backup3.Compete with big players (Plasa, Rakuten, Multiply)Now:1.No 1 C2C e-commerce website2.Grow by 686% (2012)3.Raised Series-C funding
Now, What Should You Do?
1. Select a real, big problem you are passionate about
2. Find the right solution3. Build a strong team4. Develop a great product5. Launch with laser focused execution
What Is The Founder Institute?
• A global network of startups and mentors that helps
entrepreneurs launch technology companies. • The World’s Largest Idea-Stage Incubator • A startup building startups: globally operated by 4 people out
of a garage in Silicon Valley (yep, that’s right!)• Goal is to Globalize Silicon Valley and launch over 1,000
meaningful and enduring technology companies per year.
Growing Worldwide Entrepreneurship
SeattleSan FranciscoSilicon ValleyLos AngelesSan Diego
ChicagoSt Louis
BrusselsBerlinParisAmsterdam
SingaporeJakartaHanoiSydneyKuala Lumpur
DenverHouston
Currently in 23 locations – 30+ planned in 2013
BogotáSantiago
BostonNew YorkWashington DC
The Problem
• Starting and running a
startup is hard• There is no playbook• Success is rare• We want to help
entrepreneurs avoid
deadly mistakes
Our Philosophy
• Ideas are largely irrelevant• Great companies start with
great people
• Great People
+ Expert Training
+ Aligned Incentives =
Exponentially Better
Chance of Success
Expert Training
Phase 1: Idea Refinement Phase 2: Business Setup Phase 3: Launch Planning
1. Startup Basics2. Vision/ Values3. Startup Research4. Naming/ Branding5. Mentor Idea Review
6. Startup Legal/ IP7. Cofounders/ Hiring/ Firing8. Revenues/ Costs/ Profits9. Product Development10. Mentor Progress Review
11. Outsourcing/ Suppliers12. Marketing/ Sales13. Presentation/ Publicity14. Fundraising15. Graduation
• 4 Month Curriculum
• 3+ Mentors / Session
• Emphasis on Group Work and
Constant Feedback/ Evaluation
• Not Required to Quit Your Job
• ~ 20 hrs / week commitment
… Taught By Seasoned Mentors
- Nolan Bushnell (Atari)- Peter Guber (Mandalay Entertainment)- Bram Cohen (BitTorrent)- Jonathan Abrams (Friendster)- Naval Ravikant (VentureHacks)- Will Bunker (Match.com)- Jake Nickell (Threadless)- Gregg Spiridellis (JibJab)- Luke Beatty (Associated Content)- Dan Shapiro (Ontela/Photobucket)- Glenn Kelman (Redfin)
- Elon Musk (PayPal, Tesla)- Marc Pincus (Zynga)- Jeff Dachis (Razorfish)- Jason Calacanis (Mahalo)- Scott Heiferman (Meetup.com)- Aaron Patzer (Mint.com)- Michael Arrington (TechCrunch)- Jon Nordmark (eBags)- Phil Libin (Evernote)- Jordan Greenhall (DivX)- Phillip Kaplan (Adbrite, Blippy)
800+ Global Mentors
… Taught By Seasoned Mentors
- James Chan (Neoteny Lab)- Julian Gorman (Indosat)- Martin Hartono (GDP Venture)- On Lee (GDP Venture)- Remco Lupker (Tokobagus)- Rudy Ramawy (Google)- Sakti Makki (MakkiMakki)- Takeshi Ebihara (Rebright Partner)- Toto Sugiri (Sigma Cipta Caraka)- Weihan Liew (MainGames)- William Tanuwijaya(Tokopedia)
- Alfred Budiman (Samsung)- Andy Jobs (Nexian)- Andy Sjarif (Sitti)- Ari Juliano Gema (Assegaf)- Budi Rahardjo (Indo CISC)- Dian Kurniadi (Nexian)- Dian Noeh Abubakar (KVB)- Danny Oei Wirianto (MindTalk)- Edi Taslim (Kompas.com)- Eka Ginting (Indo.com)- Izak Jenie (Nexian)
800+ Global Mentors
The Result: 500+ Companies Already
• 550+ Founders
Graduated• 41% receive funding
within 6 months• Only 9% of companies
fail in the first 18
months
Some Testimonials
“I believe that these eight startups and 13 founders have really experienced a tough yet fun four months – I could sense it through their presentations. Props to the directors for bringing the Founder Institute to Jakarta.”
Questions?
@jktfi or directors@jktfi.comDirectors:
Andy Zain @andyzain Novistiar Rustandi @novistiar Sanny Gaddafi @sagad
Program Manager:
Sadina Kasman (sadina@jktfi.com)
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