Startup Community insights – Stuttgart
and the region Kathleen Fritzsche
Accelerate Stuttgart & StartUp StuttgartTwitter: @kathl_fritzsche
Hey, I‘m Kathleen
• 2010: First Startup Weekend• 2011: Co-founded StartUp Stuttgart• 2012: Co-Founded Accelerate Stuttgart• 2013: Startup Weekend Facilitator
A startup is an organization formed to search for a repeatable and scalable business model.
A business model describes how your company creates, delivers and captures value.
(Steve Blank, What‘s a startup? First principles.)
What‘s a startup in the first place?
www.accelerate-stuttgart.de
Startup Communities (Brad Feld)
Feeders• Politics• Universities• Investors• Mentors• Service Providers• Corporates
Leaders• Entrepreneurs• Members
Photo: © Marcin Ryczek
• Strong automotive sectors & industries• Big corporations & SMEs• Traditional engineering know-how• Hardware/ Internet of Things initiatives• Strong Health/ Pharma research
Southwest Germany has…
www.accelerate-stuttgart.de
• Stuttgart (600.000 inhab.)• Karlsruhe (300.000 inhab.)• Mannheim/ Heidelberg
(300.000/ 150.000)• Heilbronn (120.000 inhab.)
Startup communities
www.accelerate-stuttgart.de
• 2010 – First Startup Weekend Stuttgart• 2011 – Launch of StartUp Stuttgart• 2012 – Accelerate Stuttgart• 2013 – Startup Weekend B2B• 2014 – 2 Startup Weekends, Startup Stuttgart e.V.• 2015 – 2 Startup Weekends,
First accelerator program by Accelerate Stuttgart
Stuttgart community – The story
• Writing about our startups & startup ecosystem• Organising events for entrepreneurs• Connecting people & building a community
What StartUp Stuttgart is doing
www.startup-stuttgart.de
• ~ 100 active startups• Our Blog: 5000 unique visits/month• Biggest Events– Startup Weekend: ca. 100-120 attendees– Founders‘ BBQ: ca. 100 attendees (monthly)– Startup Lunch, Hardware Meetup, Leancamp...
Our community in numbers
www.accelerate-stuttgart.de
• 2013: – Regiohelden (? by Bertelsmann, Mountain Super
Angel, netSTART Venture)• 2014: – Simpleshow ($5.4m by Japanese investors)– Smoope (€ 500.000 by HTGF)– Mauz & Wauz (? by private investors)– Abusix (Karlsruhe) (? by TargetPartners)
Investments (examples)
www.accelerate-stuttgart.de
• 2013: – edelight exited to Burda (undisclosed)
• 2014: – Teamviewer exited to Permira ($1.1b)– HockeyApp exited to Microsoft (undisclosed)
• 2015: – Autonetzer exited to Drivy (undisclosed)– RegioHelden exited to Ströer (undisclosed)
Exits (examples)
www.accelerate-stuttgart.de
• Local patriotism ties people to their cities and communities
• Some good initiatives by institutions to attract talent to entrepreneurship
• Lots of money involved in Southwest Germany (needs to find its way to the startups)
• Close-tied network • A lot can be done with a few bottom-up
initiatives
Advantages of a small community
www.accelerate-stuttgart.de
• Students and employees are more interested in entrepreneurship but orienting towards bigger cities (e.g. Berlin, Hamburg, Munich)
• Corporates want to get involved but will take more time Berlin first
• Institutions try to maintain their ‚power‘ • Very traditional funding structure
big money is in bigger cities
Struggles of a small community
www.accelerate-stuttgart.de
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