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Motivations Of The Different Players In A Startup Community


Based on http://startup-communities.com/2012/04/06/
motivations-of-the-different-players-in-a-startup-community/



           Visualizing some of the relationships


                        Keith Instone




                               1
Entrepreneur
•   Mission / Purpose
    •   Varies
•   Target Clients
    •   Varies
•   Motivations
    •   Fix a problem
    •   Change the world
    •   Hit it big financially

                                2
Varies

                      Fix a problem




Varies               Change the world




                        Hit it big
                        financially




         Entrepreneur
Management Teams
•   Mission / Purpose
    •   ?
•   Target Clients
    •   Entrepreneur
•   Motivations
    •   Purpose, vision
    •   Hit it big financially
    •   Part of something
    •   Fun


                                4
Entrepreneur




                     Purpose, vision




                       Hit it big
?                      financially       Fun




                    Part of something




Management Teams
Executive Pool
•   Mission / Purpose
    •   ?
•   Target Clients
    •   Entrepreneur
    •   VC
    •   Angel Investor
•   Motivations
    •   Low risk
    •   Personal cash flow
    •   Hit it big financially


                                6
Angel Investor Entrepreneur Venture Capitalist




                                     Low risk




                                   Personal cash
  ?                                    flow




                                    Hit it big
                                    financially




      Executive Pool
Venture Capitalists
•   Mission / Purpose
    •   High salaries
    •   Generate large ROI
    •   Low risk
•   Target Clients
    •   Start up companies
•   Motivations
    •   Hit it big
    •   Fairly secure high salaries


                                  8
Start up Companies




 High Salaries                            Hit it big




Generate large                        Fairly secure high
    ROI                                     salaries




   Low risk




     Venture Capitalists
Angel Investors
•   Mission / Purpose
    •   No salaries
    •   Help entrepreneur
    •   Generate large ROI
    •   Can be a hobby
•   Target Clients
    •   Entrepreneur
•   Motivations
    •   Hit it big
    •   Intellectual stimulation
    •   Meet people



                                   10
Entrepreneur




                  No Salaries                     Hit it big




                     Help                        Intellectual
Can be a hobby                                   stimulation
                 entrepreneur




                 Generate large                  Meet people
                     ROI




                            Angel Investor
Target Clients

                  Venture Capitalist




Management Team     Entrepreneur       Executive Pool




                   Angel Investor



                        12
Motivation = Hit it big

                                                                 Government



    Management Team    Venture Capitalist   Angel Investor



                     Hit it big                               Business Incubators




      Entrepreneur                          Executive Pool       Universities




                                                             Chamber of Commerce

                             13
Questions, comments so far
•       Difference between a "mission" and a "motivation"?

    •        Example: VC mission is "high salary" and motivation is "fairly secure high salaries"

•       Some target clients not clear

    •        VCs have "start up companies" as a client yet that is not a "player" - is that really the same as "entrepreneur"
             or is a start up company defined as a collection of players?

    •        Business Associations target "everyone": not useful unless break down their motivations/missions with
             clusters of players.

    •        Universities serve NO ONE? Ouch.

•       Some missions, target clients missing, need to control the vocabulary more

•       Motivations/missions per relationship could be informative

    •        Example: Executive Pool motivation with VC could be different than motivation with AI

•       Possible uses of visualizations like this

    •        Abstract diagram of the whole ecosystem to help people see themselves and see what drives others’ actions.

    •        Focused diagrams that show key parts of how things work - e.g. perhaps illustrating a tension between what
             an incubator wants vs. what the gov't wants or the entrepreneur wants


                                                           14

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Startup community motivations - crude visualizations

  • 1. Motivations Of The Different Players In A Startup Community Based on http://startup-communities.com/2012/04/06/ motivations-of-the-different-players-in-a-startup-community/ Visualizing some of the relationships Keith Instone 1
  • 2. Entrepreneur • Mission / Purpose • Varies • Target Clients • Varies • Motivations • Fix a problem • Change the world • Hit it big financially 2
  • 3. Varies Fix a problem Varies Change the world Hit it big financially Entrepreneur
  • 4. Management Teams • Mission / Purpose • ? • Target Clients • Entrepreneur • Motivations • Purpose, vision • Hit it big financially • Part of something • Fun 4
  • 5. Entrepreneur Purpose, vision Hit it big ? financially Fun Part of something Management Teams
  • 6. Executive Pool • Mission / Purpose • ? • Target Clients • Entrepreneur • VC • Angel Investor • Motivations • Low risk • Personal cash flow • Hit it big financially 6
  • 7. Angel Investor Entrepreneur Venture Capitalist Low risk Personal cash ? flow Hit it big financially Executive Pool
  • 8. Venture Capitalists • Mission / Purpose • High salaries • Generate large ROI • Low risk • Target Clients • Start up companies • Motivations • Hit it big • Fairly secure high salaries 8
  • 9. Start up Companies High Salaries Hit it big Generate large Fairly secure high ROI salaries Low risk Venture Capitalists
  • 10. Angel Investors • Mission / Purpose • No salaries • Help entrepreneur • Generate large ROI • Can be a hobby • Target Clients • Entrepreneur • Motivations • Hit it big • Intellectual stimulation • Meet people 10
  • 11. Entrepreneur No Salaries Hit it big Help Intellectual Can be a hobby stimulation entrepreneur Generate large Meet people ROI Angel Investor
  • 12. Target Clients Venture Capitalist Management Team Entrepreneur Executive Pool Angel Investor 12
  • 13. Motivation = Hit it big Government Management Team Venture Capitalist Angel Investor Hit it big Business Incubators Entrepreneur Executive Pool Universities Chamber of Commerce 13
  • 14. Questions, comments so far • Difference between a "mission" and a "motivation"? • Example: VC mission is "high salary" and motivation is "fairly secure high salaries" • Some target clients not clear • VCs have "start up companies" as a client yet that is not a "player" - is that really the same as "entrepreneur" or is a start up company defined as a collection of players? • Business Associations target "everyone": not useful unless break down their motivations/missions with clusters of players. • Universities serve NO ONE? Ouch. • Some missions, target clients missing, need to control the vocabulary more • Motivations/missions per relationship could be informative • Example: Executive Pool motivation with VC could be different than motivation with AI • Possible uses of visualizations like this • Abstract diagram of the whole ecosystem to help people see themselves and see what drives others’ actions. • Focused diagrams that show key parts of how things work - e.g. perhaps illustrating a tension between what an incubator wants vs. what the gov't wants or the entrepreneur wants 14

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