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…or how an English major started a software company & how that can inspire you to be a better banker & person, impact your community in an amazing way, and possibly make you better looking! The Story Behind Startups

What banks need to know about startups

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Most banks don't understand how and why startups are different from traditional commercial businesses. This was a 50-minute presentation to a $1.8B asset bank that wants to better understand and get involved in the emerging startup scene within their communities.

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Page 1: What banks need to know about startups

…or how an English major started a software

company & how that can inspire you to be a better

banker & person, impact your community in an

amazing way, and possibly make you better looking!

The Story Behind Startups

Page 6: What banks need to know about startups

Don’t Let People Stop You!

Doesn’t

want her

bro to

have TV!

Page 8: What banks need to know about startups

Finding Perspective

Ideas vs.

Insights

Page 9: What banks need to know about startups

Who’s Coming With Me?

Page 10: What banks need to know about startups
Page 15: What banks need to know about startups

Perception: Startups vs. BanksCredit: Enso Photography

Page 16: What banks need to know about startups

Perception: Startups vs. BanksCredit: Enso Photography

Page 17: What banks need to know about startups

Some Perspectives:

• “By definition startups are

unbankable.” – Eric Engelmann

• “Only morons start a business on

a loan.” – Mark Cuban

• “Many treat vendors like crap until

we think they have something to

offer.” – Ben Pankonin

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In Your Startup

Communities:

• Show Up

• Ask Questions

• Serve, Don’t Sell

Page 37: What banks need to know about startups

At the Bank Level:

• Startup Mindset

• New Product Design

– What’s the insight?

– Is the problem real?

– Validate

– MVP

• Disrupt Yourself

Page 38: What banks need to know about startups

At the Individual Level:

• Owners Mentality

• Shift Your Perspective

– Get out of the building

– Look for problems

– Look for insights

• Propose Pilots

Page 39: What banks need to know about startups

Who Will Answer the Call?

…I Have Prizes