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Startnowhow - The Entrepreneurial Ecosystem in Turkey - 22.09.16
1.
2. INTRODUCTION
StartNowHow
• Open seminar series for active and prospective entrepreneurs
• 10 sessions on monthly basis until June 2017
• Covers relevant theoretical and practical aspects of entrepreneurship
• Based on lecture „entrepreneurship“ @Bogazici University
• Based on experiences of entrepreneurs, investors, mentors, and strategic
partners
• Each session with guest speaker (entrepreneurs, investors, mentors, etc.)
• Language: English / Turkish
• Thursdays 17.15h – 19.30h
• Next session: Thu 20.October 2016
• Early registration for each session required (eventbrite), limited capacity!
• Priority for regular participants
• Different from previous years, currently no formal cooperation with Bogazici
University defined
Startnowhow – Seminar 122.09.2016 2
3. INTRODUCTION
StartNowHow - Seminar Topics (preliminary)
1. Thu 22.09.16: The entrepreneurial ecosystem in Turkey
2. Thu 20.10.16: Entrepreneurship as a profession
3. Thu 17.11.16: Financial planning for startups
4. Thu 15.12.16: Opportunity recognition and evaluation
5. Thu 12.01.17: Planning, developing and testing a business model
6. Thu 09.02.17: Market and competitor research
7. Thu 09.03.17: Funding the startup – stage financing for ventures
8. Thu 06.04.17: Startup valuation
9. Thu 04.05.17: The investment process – pitching, negotiations and termsheet
10. Thu 01.06.17: Success and failure as an entrepreneur
Startnowhow – Seminar 122.09.2016 3
4. ENTREPRENEURIALECOSYSTEM
Entrepreneurship
• Entrepreneurship: The process of creating something new with value by
devoting the necessary time and effort, assuming the accompanying financial,
psychic, and social risks and uncertainties, and receiving rewards of monetary
and personal satisfaction.
(Hisrich / Peters / Shepherd, Entrepreneurship, p.6)
• Creating something new of value
• Devotion of necessary time and effort
• Receiving the rewards of being an entrepreneur
• Assuming the necessary risks and uncertainties
• Entrepreneurship – the short definition: Entrepreneurship is the process of
changing ideas into commercial opportunities and creating value.
(Leach / Melicher, Entrepreneurial Finance, p. 7)
Startnowhow – Seminar 122.09.2016 4
6. ENTREPRENEURIALECOSYSTEM
… But: What Type of Venture Do You Have in Mind?
• Lifestyle Ventures
• Normally copycat businesses, rarely major competitive advantage, no / few employees
• Lifestyle entrepreneurs operate in their comfort zone
• Accounts for around 80% of all ventures USA
• Modest Ventures
• Generate reasonable income, founders approach them as businesses, some employees
• Reasons for staying modest: Not enough competitive advantages to grow / only changed from
lifestyle business because of market conditons / lack of skills of founders
• Accounts for > 15% of all ventures in USA
• Promising Ventures
• Special characteristics, e.g. Intent, focus, scale of operations, scalability, execution capab.
• Can often become leading company (examples: Domino‘s, Subway)
• Accounts for > 4% of all ventures in USA
• High-Growth Ventures
• Truly exeptional, intend to become market leader
• May become Fortune 500 companies, e.g. Amazon, Dell
• Accounts for around 0.1% of all ventures in USA
• Revolutionaly Ventures
• True exception, „appear once or twice in a decade“
• Examples: Fedex, Airbus
• Source: Harper, Extraordinary Entrepreneurship, pp.35-49
22.09.2016 6Entrepreneurship
7. ENTREPRENEURIALECOSYSTEM
Other Relevant Terms
• Academic / University Entrepreneurship
• Main element: technology transfer, production of high-growth start-ups in the area of
knowledge-intensive and technology-based bsusiness
• Typical example: Stanford University and Silicion Valley (Ex.: Adobe, Apple, HP, Sun,
Google, Facebook,…), overview http://en.wikipedia.org/wiki/Silicon_Valley
• Corporate Entrepreneurship / Intrapreneurship
• Entrepreneurial activity and behavior within well-established business corporations
• Corporate entrepreneurship: at organizational level, intrapreneurship: at personal level
• Examples: Xerox Technology Ventures, 3M, AT&T, Google, …
• Social Entrepreneurship
• Entrepreneurial activity and behavior for “social institutions”, NGO’s, etc.
• “More or less” altruistic activity:
22.09.2016 7Entrepreneurship
Source: Volkmann / Tokarski / Grünhagen, Entrepreneurship in a European Perspective, p. 59
8. ENTREPRENEURIALECOSYSTEM
Economic Relevance of Entrepreneurship
• Entrepreneurship became relevant research and policy area (economics, politics)
• OECD-model (OECD-Eurostat entrepreneurship indicators program, since 2006)
• (taken from: OECD, Measuring Entrpreneurship: A Collection of Indicators, 2009,
http://www.oecd.org/dataoecd/44/27/44069965.pdf)
• Global Entrepreneurship Model (GEM) measures and compares entrepreneurship
conditions and developments on international level (http://www.gemconsortium.org)
• http://www.gemconsortium.org/docs/download/2200(2011 report)
• Due to economic relevance, intensive academic and policy work for promoting
entrepreneurship (Examples: Drucker, Innovation and Entrepreneurship, pp.229 ff.; Lerner,
Boulevard of Broken Dreams, etc.)
Startnowhow – Seminar 122.09.2016 8
9. ENTREPRENEURIALECOSYSTEM
Economic Relevance of Entrepreneurship
Startnowhow – Seminar 1
Source: Bosma / Wennekers / Amoros, GEM Global Entrepreneurship Monitor, 2011 Extended Report, 2012,
p. 13
Source: GEM - Reportx 2010 - 2013
22.09.2016 9
12. UPCOMıNGEVENTS
• 1st StartNowHow Seminar
22.09.2016
• HACKATHON: PepsiCo Insight Challenge powered by Nielsen
23-25.09.2016
• Startup Weekend Istanbul Food&Tech by Impact Hub
23-25.09.2016
• Türkiye’de Girişimcilik Ekosistemi by ITU Çekirdek
27.09.2016
• Endeavor On Board Etkinliği (on invitation)
27.09.2016
• Startup Carnival- Boğaziçi University
01.10.2016
• Young Business Academy 2016
01-02.10.2016
• WIRED: An Evening Of Conversation With Some Of The Hottest Startups In Istanbul (on invitation)
04.10.2016
• Startup İstanbul – Volkswagen Arena
6-10.10.2016
• 2nd Round Meeting – BIC Angels
20.10.2016
• THE EDGE : Entrepreneurship Summit - Youth Business Network Global
22-23.10.2016
23.09.2016 12BIC Angels
ENTREPRENEURIALECOSYSTEM
13. OUTLOOK
StartNowHow - Literature
• Bowers, Brent, 8 Patterns of Highly Effective Entrepreneurs, Doubleday, New York, NY 2008
• Bygrave, William D. / Zacharaiks, Andrew, The Portable MBA in Entrepreneurship, 4th ed., Wiley,
Hoboken, NJ 2010
• Drucker, Peter F., Innovation and Entrepreneurship, 1st ed. 1985, reprinted 2010, Elsevier, Kiddlington,
2010
• Harper, Stephen C., Extraordinary Entrepreneurship: The Professional’s Guide to Starting an Exceptional
Enterprise, Wiley, Hoboken, NJ 2005
• Hirshberg, Meg Cadoux, For Better or for Work, All Inc., New York, NY 2012
• Hisrich, Robert D. / Peters, Michael P. / Shepherd, Dean A., Entrepreneurship, 9th ed., McGraw-Hill, New
York, NY 2012
• Kuratko, Donald F., Entrepreneurship: Theory, Process, Practice, 8th ed., South-Western, Mason, OH 2009
• Leach, J. Chris / Melicher, Ronald W., Entrepreneurial Finance, International Edition, 4th ed., South-
Western, Hampshire 2012
• Osterwalder, Alexander / Pigneur, Yves, Business Model Generation, Wiley, Hoboken, NJ 2010
• Ries, Eric, The Lean Startup, Crown Business, New York, NY 2011
• Smith, Janet Kiholm / Smith, Richard L. / Bliss, Richard T.,Entrepreneurial Finance – Strategy, Valuation,
and Deal Structure, Standford University Press, Stanford, CA 2011
• Stokes, David / Wilson, Nick, Small Business Management and Entrepreneurship, 6th ed., South-Western,
Hampshire 2010
• Taleb, Nassim Nicholas, The Black Swan – The Impact of the Highly Improbable, revised ed., Penguin,
London 2010
• Timmons, Jeffry A. / Spinelli, Stephen, New Venture Creation – Entrepreneurship for the 21st Century, 9th
ed., McGraw-Hill, New York, NY 2011
Startnowhow – Seminar 122.09.2016 13
14. OUTLOOK
StartNowHow - Outlook
• Please mail us if you are interested in today‘s presentation or literature hints
• Next Seminar: „Entrepreneurship as a Profession“
• Thursday, 20.10.2016, 17.15 – 19.30h
• Don‘t forget to register early (eventbrite) - capacity is limited!
• Priority for participants / registrants from today‘s session
• General rule: Allocation of seats according to participation
Startnowhow – Seminar 122.09.2016 14
15. QUALIFICATIONS
• Angel investment is a fast growing branch of investment. As BIC Angel Investments, we are very active in the
industry and have developed a very successful business model which will ensure selecting best startup
companies and contributing to their development at maximum extent. The business analyst that we are
looking will become a crucial part of our business development team. She/he will have the chance to
contribute to our investment process from the very beginning to the end. The qualifications required and
corresponding job description is as follows:
• · Bachelor degree in Business Administration, Economics, Industrial Engineering or related fields
• · Experienced in preparing a business plan and market analysis
• · Fluency in English, both written and spoken
• · Being good at planning and organizing
• · Skilled in analytical thinking & problem solving
• · No military obligation for male candidates
• · Follow the latest trends in technology and internet
• JOB DESCRIPTION
• · To participate in start-up evaluation meetings and prepare analysis documents
• · To conduct our document management system including information about startups and investors
• · To prepare a market research about selected projects
• · To make necessary preparations and announcements of our entrepreneurial activities and organizations.
• · To manage our social media accounts including twitter and facebook.
• · To take an active role by selection and filtering of startups for investment
• · To contribute to the business and strategy development of invested startups
• · To contribute the development of “BIC Angel Investments” brand among startups, investors and other
players in the industry.
22.09.2016 15BIC Angels
We are hiring: Business Development Specialist
