I’ve been asked so many times that I felt it would be good to write a blog post.
Obviously there are many consulting services, software developer and others who could built your MVP in a rather short period of time. Then you get what you asked for and can enter the market. If customers report bugs, you go back to your developer. And you hire them again and again – or you ignore the requests for now until you get more funding. It sounds totally logical. However reality tells a very different story:

Your MVP is a barebone minimum solution. It is supposed to be up rather quickly and your customers tell you what they experience, what they like and what they don’t like. If you have a CTO, it is not just taking the bug reports but carefully listening to each request. Each discussion with a customer contains a wealth of insights about how they use the product, what key benefits they have or want to have, how it is or should be integrated in other technologies and so forth. From that moment on you get probably daily requests for changes and more important lots of tiny little cool ideas that your developer or developer team can implement. I remember we received 1,400 feature requests, update requests and bugs within the first three month. You can’t pay your outsourcing organization to handle that.

Moreover our CTO saw what directions this will take and prepared the platform a bit differently. In the first six months, he was involved in almost any customer discussion. He needed to know and feel where this is going. More importantly he sensed functionalities based on the customer stories that led to functionalities they didn’t dear to ask but made a lot of sense and was no problem to do. The CTO is the one person who shapes the product, the future technology decisions and the technological direction of the company like nobody else. This cannot be outsourced – not at reasonable cost.

On top of all, the CTO does not try to build an MVP that meets the specification you gave them. The CTO is building the foundation of a solution that will change the world in the future and crafts an MVP that acts like the first cell of an organism.

Early Adopter Customer

If you have a sensational new application, you won’t get typical customers. Those ask you who else is using it, how many customers you have, are you funded and so forth. And so you have to look for early adopters. Thos premium customers are willing to check out new things because also they want to lead their market. BUt if you tell them that the technology was done by a freelancer, outsources, service organization or a like they get less motivated. They are taking a risk, dealing with a ne technology – but far less so when there is no CTO.

With all that said, there should be no reason to hire a consultant, rather than involving a top notch technologist.

Hire or Co-Founder?

first: as a startup you just cannot hire a top performing developer. No matter what you offer to pay. Therefore attract them as co-founder. Yes, they are hard to find and you want to start. But there is no shortcut what so ever. If that technology is a core element and differentiator of your business, than the person that builds it and develops it further over the next 10 years should have a seat on the founders bench.

As an investor

I would never invest in a company that outsources their development. It’s too clear that there is no technological focus or the technology doesn’t play any important role. It also shows that the founder could not attract any co-founder and I must ask: can they attract customers?

All in all the number of reasons for a co-founder CTO outweigh the short term benefit of getting a MVP slapped together for a demo.

As a precursor let me try to define success, as I see it, to put all this in context:
Success is when I achieve or exceed my very own dreams – not what others tell me I should do to be ‘successful’. No dream no success. Yet, to achieve or exceed an entrepreneurial dream is a successful entrepreneur.

What traits make truly successful entrepreneurs?

Founders are often seen as magicians. And maybe they are to a certain degree. The more we see and interview, the more we understand about their key traits. Here are the 10 most relevant founders traits, I observed by working with some of the top CEOs and over 1,000 startups.  Each of the traits are not ‘sort of having a little bit of that too’ – instead are especially standing out as extremely developed trait. If any one is missing or weak – it seriously weakens the entrepreneurial profile. You may also notice an important interconnection between these traits – again missing one cripples the complete concept.

1) fearless / risk taking
Absolutely does not fear anybody or anything. There is no higher up person for an entrepreneur. There is no rule that is respected and no definition that is taken just as that. They fear no failure, they fear no total loss, they fear not to be laughed at.  They do not fear to risk everything they have for their vision – and they do risk everything they have.
[Related with: (2) creative, (3) determined, (4) curious, (5) independent, (6) confident, (7) connected, (8) communicative] Corresponding habits: making fast and determined decisions

2) creative / compositive
The ability to be creativity means finding a gazillion bits and pieces in your brain and composing it in no time to a new picture. Creativity requires maximum inputs, from travel, discussions, reading… Being compositive is the ability to very quickly identify opportunities and turning them into business cases or even innovation. Experiment fearlessly, no matter what the outcome maybe.
[Related with: (1) fearless] Corresponding habits: Seem to change course over and over again. But never lose sight of the ultimate goal. Knowing there is never a straight line to get to the top.

3) determined
Determination is a mindset. Doing anything, whatever it takes to make something happen. No irritation from others, no distraction, no uncertainty. Determined entrepreneurs never give up – ever. If you are bankrupt, you still have 3 to 6 month to repair and get up again.
[Related with: (1) fearless, (2) creative / compositive] Corresponding habits: Consistency – Pushing the direction in everybody’s mind – every day. There is only one vision, one ultimate goal and they let everybody know. They plan their days towards their goals – not towards responses to others.

4) curious/open
Wide open mind. Wanting to really know in detail how things work, how people do things, how we live, what the barriers are, where the limits maybe if any. Listening to others very carefully, without constructing an argument half way through.
[Related with: (1) fearless] Corresponding habits: Playful – They look very quickly at all kinds of things, want to know everything without ever going really deep. 20% of the knowledge is all they need to know 80% of what there is to know.

5) independent
There is nothing and nobody that prevents the entrepreneur do their things. No friend, no family, no lack of money, no rules, no legislation can get into their way. Societal rules, conformism and alike fences are respected but do not apply to entrepreneurs. [Related with: (1) fearless, (3) determined] Corresponding habits: Super-Focus – There seem to have no family, not even seeing other people with certain personal needs. It’s important to understand that independence often feels like ruthless – but it is the vision that is much larger than live that drives these people to almost impossible results and that means independent behavior. Most people only begin to understand when such a vision was fulfilled.

6) confident
Once an idea is manifested, true entrepreneurs have no doubt that it will work. They just know it will. The extraordinary confidence comes from a ‘brain defect’ that spills emotional knowledge from the right brain half into the brain without consulting the rational part of the brain.
[Related with: (1) fearless, (3) determined, (5) independent] Corresponding habits: Decision Maker – fast decision making, often others feel to be run over, turns sometimes into arrogance. They don’t deal with devils advocates and uncertainty of others. They simply have that trait to know.

7) connected
True entrepreneurs are always highly connected. Connected with their market, connected with the player, connected with customers or targeted customer, connected with investors, influencers, industry associations and so forth. Entrepreneurs have no issues to connect to anybody.
[Related with: (1) fearless, (4) curious, (6) confident] Corresponding habits: Networking – They connect with almost everybody, then maintain only those that are relevant. May sometimes feel a bit superficial, yet they make almost everybody feel important. They know that connections are more precious than gold and they know how to deal with it.

8) communicative
Communication is the most important skill humans developed. We can communicate with words, text, pictures and even preserve past events. That helps us learn beyond any animal. Top entrepreneurs are masters in communication with others, drawing an imaginary world that they are seeing in the future and attract others. At the same time they can sit and truly listen for an hour and construct the situation they hear into a solution and opportunity. Learning and sharing – in this order – are the keys to entrepreneurial communication.
[Related with:  (1) fearless, (2) compositive, (4) curious, (7) connected] Corresponding habits: Extroverted – They ask anything they need to know right at the moment they want to know. They listen and learn very intensely. They also tell everybody and their dog what they are up to, why it’s important. They spread the word about how they will change the world and expect everybody to do so too.

9) involving
Entrepreneurs are very involving. Involving their team, their customers, their market, their investors and their business partners to actively participate in their undertaking. Entrepreneurial involvement of others go way past the concept of delegation but truly inspire others and fearlessly pulling others into their gravitational powers.
[Related with: (1) fearless, (2) creative, (3) determined, (6) confident, (8) communicative] Corresponding habits: Engagement – They don’t worry too much if people have time for them. They simply ask and get people’s involvement. Sometimes it feels like they think they are the only important people on earth. And what they really think is they are one of the most important people on earth – often they actually are.

10) intelligent
While we may debate what intelligence is, here is our definition: “Intelligence is the ability to comprehend a never before experienced situation, abstract the essence and developing a solution by simply thinking through as many as reasonable options without trial and error”. In that sense, true entrepreneurs are intelligent and involve others to solve the problem.
[Related with: (4) curious, (8) communicative, (9) involving] Corresponding habits: Simplification – Breaking the most complex things down into a few or only one simple aspect. Pretty hard for some people to follow and ignore that everything else is just work to be finished.

Fearlessness is the most important glue in between all the key traits. And it is not just generally fearless – it means unconditional fearlessness. Top entrepreneurs have a lot of respect for others and other things, they do experience uncertainty but quickly and clearly decide where to go. Decision making is not a ‘trait’ but a skill – one can learn to make decision. However traits like being fearless, creative, determined, open, independent, confident, connected, communicative, involving and intelligent are key traits for making good decisions and getting them executed.
It sounds like a very demanding profile – it is. As it turns out, only 0.007% of humans are actually successful entrepreneurs.

Few interesting things about this list:
a) None of it can be really ‘trained’ people my change towards, it but not necessarily trained.
b) They are all interconnected, not one goes without some of the others
c) If one or even more are missing the ability to be a successful entrepreneur is decaying very quickly
d) This is uniquely dedicated to entrepreneurs. Any other career or engagement has some of them but never all – and may have others, but they maybe not relevant for entrepreneurs. At least our finding when we compared it with Scientists, Artists, Politicians, Actors, Musicians, Architects, Athletes and so forth.

Quite a lot of the readers of this blog actually are one of the top 1% wealthiest people in the world. But because the majority of our readers lives in developing or emerging countries, they are not. There have been countless discussions why or why not, what we can do to stop the rapid widening of the gap between rich and poor. But what can we actually do? How can somebody help while in their own career stress?

Source: Washington Post chart

Enjoy your wealth – seriously do. Just also recognize your share of responsibility.

Since 2017 we are working on that question. Since 1960,  $4.7 Trillion have been donated to development aid with little result. The number of annual donations is growing rapidly to approx $ 1 Trillion per year now. An income of $32,400 per year would allow someone to be among the top 1% of income earners in the world. Multi billionaires today are what was a multi millionaire in the last century.

As part of our work, we met with many members of emerging – or developing countries and realized some shocking situations. We selected the top three reasons and some conclusions together. In late 2018 we completely reworked our approach of helping entrepreneurs. And we realized a path in development aid that has never been touched before.

Identifying the root cause(s)

We were working hard to identifying root causes. We realized, it didn’t happen just randomly. It happened because of many individual reasons. And there are three reasons with the biggest negative impact as far as I can see.

  1. GROWING DONATIONS
    Mankind donated enormous sums of money to help the poor. Over time as some got richer, they donated more and more. MOre NGOs have been created to help distribute the aid. All in the very best intentions. Only rarely money goes elsewhere. On the surface it looks good. But when looking under the hood, it looks very different – even dramatic. The money donated did not make a difference. Nobody really know where to start, whom to give it to and so it was given t the poorest. They consumed it, survived, but did not change the economy. A dramatic development happened. As long as donations were flowing into the country, the people got smarter about what to do to get donations and even more donations. Not because they are greedy and lazy – simply because that has become part of their “economy”. The system that we (the developed countries) instituted was simply wrong. Instead of helping the strongest to build an economy we helped the weakest and built nothing. I feel this is the hardest part to admit – but we have to. I spent time with people in Vietnam, Nepal, South Korea, Peru, Germany, Switzerland, Albania…. In the end I came to the conclusion: We have to slowly but steadily stop random donations and make impact specific donations to help build economies if they are actually wanted.
  2. ZERO WEALTH DEVELOPMENT EDUCATION
    Children have on average 20,000 hours of school. This is true for developed countries as well as many emerging countries including Ghana, Nigeria, or Peru. They learn reading, writing, calculating, and learn about history, geography, physics, biology and so forth.
    However – not a single hour is given on how to acquire wealth. Creating wealth can now be easily found on the Internet. It’s used by some and the number of rich people is growing rather quickly. In accordance to Investopedia, 75% of the wealthiest people created their wealth as entrepreneur. Every nation is hungry for innovative entrepreneurs. Not because when rich they pay a lot of taxes but their business will fill the tax pockets. In contrast, those who do not know, coming from a background where getting rich is still equal to be “bad and greedy” are obviously falling behind.  My conclusion: Offering just one hour to explain that the rich “invest” their money, while the poor “spend” it. Giving some basic information and how to search it on the web would make a huge difference.
  3. DEPLETION (Material & Talents)
    The developed world and now the top emerging countries are big in exploiting natural resources from foreign countries for peanuts. But the biggest problem – by order of magnitude – is to get the top talents of the poorest countries out and invite them to more attractive nations. With that we not only steal some top brains but the very foundation of a nation to create their own economy. The top nations in the world had only a very few super smart brains like Alfred Escher, Robert Schindler or  Henry Nestle in Switzerland — Carl Benz, Robert Bosch or  Werner v. Siemens in Germany — Lee Byung-Chul, Koo In-Hwoi or Chung Ju-Yung in South Korea — or William Shockley, Gordon Moor and Steven Jobs in Silicon Valley. Today it’s easy because most politicians – even in the developed world – simply don’t understand the impact.
  4. DEVELOPMENT FROM WITHIN
    With all that said, I personally and wholeheartedly trust that we need to broadly start inspiring and supporting the strongest entrepreneurs in each nation to stay there and realize their entrepreneurial dream, building successful businesses and export their ware as soon as possible. Their genuine creativity, coupled with their few of the local problems and the problems of other developing countries will bring solutions that can turn any of the nation into a developed country – and it won’t take much longer than 20 years. Yes, this goes against all the artificially created ideologies of inclusion and helping all the the ideas of equality and so forth. But the past 70 years has proven that this model did not work – despite 4,700,000,000,000 (4.7Trillion)  Dollars investment. At the same time the best of the best get nurtured and funded in Silicon Valley who then continue the rich/poor widening process. If we continue diluting the capital of the rich to just provide charity for the poor, instead of taking at least some money to build out economies that help them get rich from within their society and provide education how ALL members of any given society can participate in that wealth – we will never have enough money to donate.

There are certainly more problems that cause the rich/poor gap. One of the biggest reasons is often pointing to corruption. The more we have been analysing that issue, the more we came to realization it is simply just another loud cry for helplessness, based on poverty and hunger to survive. I’m not defending corrupters but we can do better than pointing at them to find a somebody we can blame (Prosperity Paradox by Clayton Christensen (Harvard), is a good read). And then there are hundreds of tiny issues. But all those issues have been very present in the 1800’s Germany or Switzerland, in the 1950’s farmland of Northern California and even more so in one of the poorest Asian countries: South Korea in the 1960’s.

Consequence

Of course we do not expect that the world is following our concept. For us, the consequence is to build strong and innovative entrepreneurship from within the countries. This is a long and painful path as any startup in the west or in the east, north or south, is taking approximately 10 years to grow from zero to an economy relevant size. But we feel it’s better to start now than hoping for a majical shortcut to become “rich in 30 days”. NGO projects usually go 1 – 4 years. Far too short to actually get anything notable done. And so we are looking for philanthropists, donors and other giving organization that go this long path with us. If you like to help as a volunteer, donor, international investor (investing in promising startups) or in any other capacity – your support is deeply appreciated.

 

Meeting with the ITP leadership team of the University of Ho Chi Minh City. An impressive presentation where Vietnam is planning to go what innovative businesses concerns.  We also had some great meetings with students, who are very ambitious and eager to learn everything possible about innovative thinking and entrepreneurship.

Entrepreneurs Workshop with roughly 20 top startups and scaleups from Ho Chi Minh City. It was great fun to work with these super engaged and highly competitive teams. One of the things that all of them have in common with any top startup in the world: determination to win.

Investors meetings at the Kova facility. We discussed investor strategies, ways to select startups, due diligence processes and post investment mentoring. We also talked about the necessity to keep top companies in the country to not loose the innovative edge to somebody else.

A wonderful and very personal dinner at the Kova house. We enjoyed traditional Vietnamese food cooked by the lady of the house herself. This was an unforgettable evening.

Great discussions about innovative thinking, investment opportunities, ways to stimulate more innovation and getting startups better supported to be able to compete on a global scale. It was an amazing evening with amazing people.


HANOI

The future of innovation in Vietnam, Conference. Great and an amazing diverse speakers, high energy and very ambitious. We talked about the innovation paradigm and the value of going global for the national prosperity and wealth development.

We were invited by the University of Hanoi to speak about the Innovation Paradigm, the value creation for the national economy and what Vietnam can do to create an innovation economy within the country.

Interesting discussions about how to stimulate innovation and making innovation an even stronger point within an economy. Also we spoke about the value of speaking English as a prerequisite to participate in the global economy.

Meanwhile, Marita ran a workshop for female entrepreneurs. The interest to participate was so overwhelming that the initial 12 people roundtable had to be turned into a 70 attendee  presentation and podiums discussion.

Full house at the female entrepreneurs meeting in Hanoi

A very interesting meeting at one of the largest mobile phone providers. The organization is determined to innovate and bring all new ideas to their customers. It is absolutely amazing to see how Vietnam turned from a rather poor country, dependent on donations, just three decades ago, into a vibrant emerging country.


An equally great meeting at one of the top business banks of Vietnam. Also here, business transformation, innovation and moving from an industry follower to an industry leader is an amazing transition. We talked about how innovative thinking is not just improving the status quo but how to get to an idealistic model and back to reality.

One week with great teams, jar dropping innovation spaces and top notch universities.

Our work in South Korea, with our ambassador and team was very exciting. South Korea is certainly no longer an “emerging country”. It bypassed many of the developed countries.

Startup ecosystem of the superlative. South Korea’s brand new Innovation hub is certainly the most mondain, most modern and best equipped incubation campus in the world. Startups, scaleUps and SME’s on hypergrowth don’t miss anything here. Whether its a photo and video studio, conference rooms of any size, offices of any shape, restaurants and countless other amenities. This is very hard to top.

Introduction to the Seoul Innovation Ecosystem, it’s focus to take business global and its quest to build more Samsung, LG or Hyundai type companies.

Entrepreneurs Workshop at the University of Seoul. A variety of students, even from foreign countries participated to learn all about innovative thinking, the innovation paradigm and how most innovative companies became the core of a country’s economy.

Investor Workshop for South Korean Angel Investors, Venture Capitalists and institutional investors.

A great view onto Seoul by night from one of the largest towers in the South Korean metropoly

Private World Innovations Forum Dinner with industry leaders from both Asia and Europe. We were discussing how Innovation is not just a way to build new technologies but innovation being the economic foundation of any leading nation.

And a final Entrepreneurs Event with pitching contest in the Seoul Startup Hub. This incubator just complete the expansion and is now good for almost 1,000 startups. Five selected startups pitched in front of an audience from the SSH and showed their ability to innovate.

A week with very promising teams, brilliant people from the local universities and amazing supporter – less amazing government actions.

Our work In Nepal was a great finish for our five week Asia Tour on one side and a disappointment at the very last day, at the investor summit.

After an impressive pitch event, the winner teams and organizers, judges and investors all together. The creativity of entrepreneurs is universal. And so is their spirit to find solutions for their local markets first.

Private World Innovations Forum Dinner with representatives from the private and public sector, entrepreneurs, investors and enablers. It’s also a thank you to the amazing work the team has performed in Nepal.

With the introduction of Private Direct Investments, private investors should now able to invest in private businesses, explained Minister for foreign affairs, Pradeep Kumar Gyawali. This would make a huge difference to Nepal’s startup ecosystem.

Nepal’s government representatives explain the new investment strategy, in which industries investments are welcome and up to 7 years tax exemptions to attract as many investors as possible. It was made very clear that with the new investment policies and regulations, the government is introducing major changes, trying to turn to economy around. For the past decades, Nepal was depending on donations. Now that shall change and Nepal will want to stand on their own feed.

However, weeks later the website to register and get approved as an investor did not work. Trying to get support was hopeless. It was difficult enough to figure out which site a prospective investor is supposed to register. Attendees of the event never heard back from the event organizer. Neither how to register nore any next steps. Even our local connections could not figure out whether the new rules are even in effect. So far no progress at all.

 

Do you really need a vision for your business? You don’t NEED anything, it’s YOUR business! But here is what a VISION can do for you.

  1. You don’t “create” a vision for yourself
    Hopefully, you already envision where you want to take your business. And if you don’t have one, ask yourself why you are doing it? Why would you risk your employees careers? Why would you risk your investor’s money? Why would you risk to waste the time of your customers? Why would you jeopardise all the people’s time and money you will deal with?
    But given you have your vision, here is what it can do for you:
  2. Have a vision to attract co-founders
    If you have a very interesting case or cause you may attract people joining you on your journey that you would never ever be able to hire otherwise. You will need top notch people to create an amazing business – any business. You only can get those if you have a powerful and very meaningful vision.
  3. Have a vision for your customers
    Customers get asked to buy a gazillion products every day. Why should they buy yours? There is always a cheaper product around the corner. If not today tomorrow somebody gets up and makes it even less expensive than anybody else in the world. But your amazing idea and long term view of the impact of what you and your exceptional team is doing, will help your customers also tomorrow, next year and the years to come. Customers buy either the cheapest or the most compelling product or service. And if it is your vision to make sure you will be always the cheapest – well than that is your vision.
  4. Have a vision to attract top talents
    As a startup you usually have a very tough time to attract these amazingly smart top talents who seem to walk on water, get things done while others still wonder what the best way would be or try to consult others how to even start. You want talents that are almost impossible to employ by anybody. You look for people, where everybody is afraid of to even train them because they would be hired away in no time. But if you have an impressive vision and show a way to get there, you find the very people you even need to get there. And you find people who know it’s them to shape the organization, it’s them who makes it happen. You may ask: Why don’t they do it on their own? Because what you bring to the party is an amazing VISION that makes them tick. Of course, they will ask to get a piece of the cake – and that is totally ok.
  5. Have a vision for your market
    People in your industry or market should know about you and your amazing business. You will never have enough money to advertise. But your amazing vision will be carried around by media and other people. Let them know how you change the world for the better by doing what you do.
  6. Have a vision to attract investors
    If you have no vision where this business can grow to, why should anybody invest? Why should people risk their hard earned money, no matter how much they have, to put it i your business and not in some of the other 1 million startups around the world? Your vision gives the indication of the opportunity down the road.
  7. Have a vision to attract anybody who matters to you
    There are millions of businesses out there. All competing for a tiny slice of the market. Most struggle to keep their business alive – because why them and not somebody else. Do not use the buzz words of the day – don’t even TRY to be attractive. You ARE attractive when you explain what matters most yo you and why you believe what you are doing is important to many others – more important than what is out there today.

You can only lead a market if you can actually ‘envision’ where you want to lead it to. And a very personal super positive ‘side effect’:  You even have a MUCH more fulfilling life if you know what it is that you really really really care about and make it happen — no matter what, and no matter how impossible it may appear. In the end it makes the difference between LIVING or just EXISTING.

@AxelS

 

It’s one of the very often asked questions at startup events. One of the unique skills of an entrepreneur is to create something with nothing. If you would have capital you would probably become an investor, not an entrepreneur.

One day a young entrepreneur asked me: “But I have to live and eat and I have no savings”. I asked him if he has a car. After answering, yes, an old BMW. I asked him to sell it. He looked at me like I’m from a different planet…. I told him that I sold my drums – which is much harder. He just walked away shaking his head. Recently somebody was much more appreciative. So here is my response:

  1. Create a sound plan about your product or service
  2. Look for customers who would want to buy it if you already had it
  3. Verify your idea based on their feedback
  4. Create a website with your plans and describe what you are going to offer
  5. Invite people to review and make sure any ordinary customer would
    a) understand, b) get excited and c) wants to buy it when you have it
  6. Start a crowdfunding campaign to ‘pre-sell’ your solution
  7. You got your first revenue so you can now build what you promised to provide.
  8. Do more of what worked well

Obviously there are quite some things to do during the process. I.e. to start with, find a co-founder, register the business and so forth. But I guess you get the idea.

It sounds not easy – but becoming a millionaire is simply speaking not easy. That’s why we have a growing gap between rich and poor. The number of people going for easy and enjoying a 360 degree social and live ensurance just have a hard time to get the extra mile hundred times a day.

 

One of the most often asked question from young entrepreneurs who don’t really live in one of the startup epicenters: “We don’t have enough investors in our region. How can I get funded?”

LIVING OFF THE GRID
Well, if you want what’s not available in your village, you need to do one of two things: get to the next bigger city or order online. In case of an investor you need to look for investors online and most likely then go meet them. If you are living in a rural area, you may indeed not get any investment. This is not because investors don’t want to travel to your location, but you are so isolated that your success is much less like than from your current or future competitors. Go where the action is :)

INVESTMENT
If not really in a rural area, it actually doesn’t matter where you are when it comes to finding investors. Investments are like water and always find the best way to an opportunity. This is why diamond mines in Africa, tech companies in Vietnam, car accessory vendors in Oshu, wholesale distributors in Munich and so forth got funded.

WHAT IS AN OPPORTUNITY
Sorry to say that, the problem isn’t the lack of venture capital, but the lack of fundable opportunities. Here is what investors are looking for:

  • Attractive business idea that makes sense
  • Businesses that are serving large markets
  • Stellar founders team that already invested everything they have in the startup
  • Rock solid market validation – more than 50 people already expressed interest
  • Minimum viable product that shows your idea is somewhat working
  • Well thought out business model (ideally a disruptive business model)
  • Great feedback from alpha testers of your MVP
  • Very good plan how to go to market

Here are a few tips
1) A day of a startup ceo – World Innovations Forum

2) Most common mistakes – World Innovations Forum

3) https://wiforum.org/2015/12/many-startups-fail

4) What is actually a great founders team – World Innovations Forum

We believe having a massively big objective requires a laser sharp focus. At least that has been true for any business and we think it is also true for an organization that is not profit oriented – yet very goal oriented. With that we propose the following to our leadership teams:

One goal:
Prosperity for all nations, through innovation and entrepreneurship, resulting in closing the gap between rich and poor, eradicating any level of poverty.
One method:
Stimulate, support and accelerate already existing entrepreneurial minds and innovative initiatives within each country
One approach:
We do not bring success models from developed countries to help less developed countries but help understand global standards and inspire people to meet or exceed them with their own ways and ideas based on their own culture and innovative thinking.
One path:
We see leading nations losing their leadership over time, like Egypt, Inka, Greece, China, Rome, British Empire, USA. None of those countries vanish away but their achievements, ingenuity, creativity and prosperity was/is fading away and with it all the previously developed entrepreneurial spirit. We need to stop those collapses and even help developed nations no longer loose their momentum, and all nations prosper together.
One KPI
Export volume per capita of innovative products, services or business models

 

Why the extreme focus?

The top developed countries are leading the world since the inception of the industrial revolution and continuously grow in prosperity and influence. Emerging countries grow rapidly through natural resource extraction or outsourced production power and services, The slow or not developing countries, either determined to keep things as they are or struggling in finding their way.

Based on the “Export Per Capita” list we see a deep correlation between sustainable wealth and developing and exporting innovative products. We also began to look at grouping countries differently than today.

  1. The most prosper countries are the ones that exporting innovative solutions across the globe. The massive export power is a key contributor to their wealth. The US and Europe are good examples for those countries.
  2. Countries with more natural resources than they need for themselves and export those resources also gain significant prosperity for their nation. However they show an extreme dependency on the global needs of their natural resources. At the same time the innovative countries innovate to reduce that dependency and look for alternative materials. Middle East and Africa are good examples for those countries.
  3. Countries with high production power, or large services sources at cheap labor are exporting their services and gain an increase in prosperity through outsourced production and services. Also they are extremely dependent on the global needs of their production output. And also here the innovative countries try to further and further automate production and reducing outsourcing as their development effort to ever less expensive products and services. And therefor putting those outsourcing and production nations unwillingly at huge risks.
  4. Countries with no natural resources, no outsourcing or production power and no innovative solutions may need to either develop a different strategy to be self sufficient and not follow the race of innovation, growth and prosperity – or – decide to connect with the innovative countries, get help for education and trying to still catch up with the development.

The gap between innovation countries and the other countries is constantly widening as we progress. The gap between emerging countries and least developing countries is widening even more dramatically. While some emerging countries are well under way to catch up and even sooner or later surpass todays developed countries, other emerging countries are just too weak, mainly due to lack of education, leadership and political structure to catch up.

To close that gap between all nations, we are trying to help stimulate entrepreneurship and innovation – regardless of their political or economic environment. And to keep the gap closed once we are there, we try to help developed nations to understand the risk of falling behind by slowing down in their innovative efforts.

To better understand the dynamic of becoming innovative, being innovative and potentially loosing the innovative edge, we explore a different classification of countries.

We are currently exploring the following classification in 5 groups:
1) Innovative nations (Exporting innovative products/services/business models) A, AA and AAA grade (see below)
2) Previous innovative nations (Exporting* previously innovative solutions, older than 25 years)
3) Non innovative industrial nations (countries with industrialized production power)
4) Non innovative natural resource nations (countries exporting their natural resources)
5) Non innovative non exporting nations (no significant exports of anything)
Grades of innovative nations
AAA Most innovative nations, highest export per capita volume, export into more than 25 other countries
AA Innovative nations, reasonable innovative product export volume per capita into more than 10 other countries
A Early innovative nations, some innovative export volume of more than € 100 / capita into more than 5 other countries
For relevancy reasons we define “Export” as continuous delivery of products, services or business models into at least 5 other countries and a combined export volume of more than € 100 per capita of such innovative solutions.

A country can be both, a former innovative nation and an innovative nation.
Germany for instance is primarily a previous innovative nation and a single A innovative nation. PIN, A-IN
The US for instance is an AAA innovative nation and a previous innovative nation AAA IN and a PIN
Italy maybe just a previous innovative nation “PIN”
China maybe a “Non innovative Industrial Nation” NIN
Emirates maybe a “Non innovative Natural Resource Nation” NRN
Nepal maybe a “Non innovative non exporting nation” NNN

Thanks for any feedback