Startup Essentials #SEBootcamp (English)
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Transcript of Startup Essentials #SEBootcamp (English)
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3 Days
To Learn How To Start Up
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3 Days
To Learn How To Start Up + Create Value
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How?
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100% Practice
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Business Ideas DO NOT Exist
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Entrepreneurs Aren’t Born, They’re Made
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Visual Thinking
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Founder-Customer/Problem Fit
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Flipped Classroom
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Steve Blank
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Bootcamp Startups’ Stock Exchange
Entrepreneur = Founder + Investor
“If he goes well, we all go well”
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“A startup ecosystem in action”
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Marketing
Finance
Tech
Sales PR
Domain Experts
“Multi-disciplinary teams in action”
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A Very Real Entrepreneurship Simulation
$0 – Customer/Problem – Solutions/$ales – IPO
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Facilitators Jefrey Bulla - Electrical Engineer, Universidad Distrital Francisco Jose de Caldas - Bogotá, Colombia - Has launched multiple experimentos/startups in Colombia & USA - Toro Labs, founder & CEO (helping companies build great products) in USA & Colombia) - Facilitator & mentor with Startup Essentials - Lean Startup & Customer Development Evangelist in LatAm
Ury Sarabia - Computer Engineer, Instituto Tecnológico y de Estudios Superiores de Monterrey - Guadalajara, Mexico - Has launched multiple experiments/startups in Mexico & Chile - Facilitator & mentor with Startup Essentials - Lean Startup & Customer Development Evangelist in LatAm - Founder of Lean Startups LatAm Community - Co-Founder of Emprendedores Anónimos #EEAA
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Facilitators “The State of The Art of Global Entrepreneurship”
Evidence-Based Entrepreneurship
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Case Study
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Results
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Total: 200+ participants between 18-55 years old, teams with 4 to 9 participants
~60% of the teams validated their growth model
95% of the teams validated their value proposition with money
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Total: 200+ participants between 18-55 years old, teams with 4 to 9 participants
~60% of the teams validated their growth model
95% of the teams validated their value proposition with money
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2 Visits 4 Bootcamps 34 Startups 16 Days of Hard Work +200 Entrepreneurs 9 Seed Capitals Awarded (so far…)
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Remember: Only 16 Days of Work
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~USD $ 500,000 In Real Sales to Real Customers
In Letters of Intent, Wire Transfers, Checks or Cash from Real Customers
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Some of the Startups Created During The Bootcamp
#SECoquimbo…
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Real Sales: - In 4.5 days:
10 Paying Customers/Users - In day 6 (1 day after the bootcamp ended):
450 Users Acquired by Closing a Recurrent Deal With a Whole Neighborhood, aprox: ~USD$ 13000 (Growth Model Validated)
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http://www.youtube.com/watch?v=CPXTE94HksU Video:
Value Proposition Validated • 1 day – USD$ 160 (Real Sales through 1-1 Sales) Growth Model Validated (Peer 2 Peer) • 1st Week – USD$ 800 (Projected) • 2nd Week – USD$ 1200 (Projected) • 3rd Week – USD$ 1800 (Projected) • 4th Week – USD$ 2700 (Projected)
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First Sale + Service Delivered: USD$ 60 (check) - A real job was created at the moment the team was giving their final presentation. The secretary hired was the best performing one through their head hunting process. The best one got her job contract signed.
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USD$ 20,000 Yearly Subscriptions (Through 15 Letters of Intent)
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Satisfied Customers
“98% of our Customers Say They Recommend Us To Their Contacts
Or Other Customers”
Net Promoter Score (NPS)
”Throughout my life, I’ve had 2 big philosophy life changing milestones and Startup Essentials is 1 of them… …I am 41 years old, 31 as entrepreneur. This was what I was missing. Nothing can stop me now.” – Héctor Cancino
”I didn’t know this program was funded by Corfo (a Chilean Government Institution), I am really happy with how my taxes are being spent." – Roger Nuñez
http://youtu.be/57Dd_9D-WqM
http://youtu.be/-h-y0ZUsT_4
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Press & Media
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TV
VIDEO BLOG 24Horas.cl: The Sea of Entrepreneurship (Nov. ’13)
Alternate Source: http://youtu.be/UBA3OlXYTqQ
http://www.24horas.cl/regiones/coquimbo/coquimbo-el-mar-del-emprendimiento-949189
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Video Experience
http://youtu.be/Qyz_zfh_TTI
Startup Fase 0 – La Serena University (ULS) 1º Round #sebULS #SECoquimbo
Startup Fase 0 – CODESSER 2º Round #sebCODESSER #SECoquimbo
http://youtu.be/9e42VwonYgw
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Avant-Garde Entrepreneurs
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Some of Our Customers & Partners
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“We not only start up, we change lives”
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¿What are you waiting for? Give that next step, ¡NOW!