CONNEXIONS BUILDING STARTUPS IN TIMES OF CRISES

CONFIDENTIAL– NottoDistribute

CONNEXIONS

BUILDINGSTARTUPSIN

TIMESOFCRISES

May16,2020

DarshanDoshiFoundingDirector

CentreforEntrepreneurship&Innovation

CONFIDENTIAL– NottoDistribute2020– 21©FLAMEUniversity CONFIDENTIAL– NottoDistribute

EconomicRecovery,RecessionorDepression ?

Covid-19ChangestheWorld


CreationDuringCrises

Source:Forbes,Hackernoon,MediumKellyBurtog


Ø Groceriesandessentialgoods

Ø SafetySanitizers,PPE,ventilators,robots,AppslikeAarogyaSetu,andmore

Ø Remoteworkconnectivity

Ø Cybersecurity

Ø Healthcare

Ø AtmaNirbhar IndiaBuildinIndia,BuildforIndiaVocalAboutLocal

Ø MentalHealth

Covid-19:Problems=Opportunities

Ø Insurtech

Ø Edtech

Ø Fitness&Health

Ø PersonalFinanceandInvestments

Ø GamingandEntertainment

Ø GlobalLogistics

Ø VerticalSAASBuildinIndiafortheWorld

Ø Others?


Innovations• InnovationChallenges• Hackathons• Crowdsourcing

Stakeholders• GovernmentofIndia– CentralandStateGovernments• Startupcommunities– Incubators,Accelerators,Investors• Corporations

Investments• NewFundslaunchedtosolveproblemscausedbyCovid-19crisis• FocusonProfitabilityvsFunding• RisingDebt?MSMEs?Micropreneurs?

Covid-19InitiativesinIndia


• It’sOKtoStartSmall

• EffectuationPrinciplesbyDr. SarasSarasvathytogetthe

Founder-Marketfit

Ø Whydoyouwanttobuildabusiness?

• FocusonaNiche- smallgroupofpeople

• LeanStartupMethodology

• BusinessModelCanvas

Ø Whatisyourhypothesis?

Ø Whoisitfor?

Ø Whatisthefastestandcheapestwaytocreatea

product/testthatcanhelpyouansweriftheproblemis

reallyaproblem?

WheredoyouStart?


• ValueStartups- Don’tnecessarilyfocustobuildusingVC

funding

• IdentifytheRightPartnersinyourjourney

• Frugality- Don’tspendmoneytoadvertiseearlyon!

• AchieveProduct-Marketfit

• Focusontheprocess

• Fundingisachallengeatthisstageandnearfuture

WheredoyouStart?


• Interdisciplinaryapproach– workexperienceacrossdisciplines?Geographies?Peoplefromdifferencefields?

• Whatuniqueinsightsdoyouhavethatmostpeoplewoulddisagree?

• INSTRINSIC- Whatcorebeliefs,skillsandabilitiesdoyouhavetobuildsomethingofvalue?Whatcanyoudo?Whodoyouknow?

• EXTERNALFactorsØ TrendsØ Problemsthatyou/yourfriends/familyfacing?

KnowYourself


InterdisciplinaryLiberalEducationSuccessStories

Name Specialization Designation Company

AnandMahindra FilmStudies Chairman Mahindra&Mahindra

KiranShaw Zoology Chairwoman Biocon

SunilMittal Economics&PoliticalScience Chairman BhartiEnterprises

HarishManwani Statistics&Economics FormerChairman Unilever

MichaelEisner English&Theatre FormerCEO WaltDisneyCompany

MichaelDell Biology CEO DellComputers

CarlyFiorina Philosophy&History FormerCEO HewlettPackard

MarthaStewart ArchitecturalHistory CEO MarthaStewartOmnimedia

OprahWinfrey Speech&PerformingArts MediaExecutive TheOprahWinfreyShow

HowardSchultz Communications CEO Starbucks

RichardPlepler Government CEO HBO

SusanWojcicki History&Literature CEO YouTube

JackMa English Chairman Alibaba

SherylSandberg Economics COO Facebook

ParkerHarris English Co-Founder Salesforce

PeterThiel Philosophy&Law Co-Founder PayPal

ReidHoffman Philosophy Founder Linkedin

JohnMackey Philosophy&Religion Co-CEO WholeFoods

SteveElls ArtHistory Co-CEO Chipotle

EmilyWhite Fine&StudioArt FormerCOO Snapchat

BenSilverman PoliticalScience Founder Pinterest

JonathanSwanson Ethics,Philosophy&PoliticalScience Co-Founder Thumbtack

StewartButterfield Philosophy Founder Slack


StartupFounders:BornvsMade

Source:BasisSetVentures


FounderBackground



FounderTraits



Entrepreneurship&InnovationinIndia

Source:WIPO

• India- $5trillioneconomysoon

• Ranks52onGIIIndex2019

• Create300Mnjobsby2040

• 3rd LargestStartupEcosystem

• 4Xgrowthby2025

• 90%ofIndianstartupsfailwithinthefirstfiveyears

• 77%VCsbelievemostcommonreasonforfailureislackof

innovation


ARapidlyMaturingIndianStartupEcosystem

Source:2019NASSCOMZINNOVReport


INDIA:3rd LargestStartupEcosystem

Source:2019NASSCOMZINNOVReportStartupIndia.gov.in

INDIA

400+Incubators&Accelerators70,000+Startups 1100+Angels


StartupFunding

Source:Inc42,IVCA&EYReportEYAnalysisofVCCEdge Data

2019saw$12.7BillionFunding


SuccessfulStartupExits

Source:CBInsights,2019NASSCOMZINNOVReport


Covid-19tocreatenewsectors?


?


India:StrengthsandTrends

Source:ManishChokhani,MohandasPai,Kuntal Shah– “India:WealthCreationStory”,2019


RiseofSerialEntrepreneurs



NumberofHighGrowthStartups

Source:CBInsights,HSBC,Inc42,LiveMint,Yourstory 2019


• Developan‘EntrepreneurialVillage’atFLAMEUniversitythatpromotesacultureofentrepreneurship

• Givehighpotentialindividualstheopportunity,theencouragementandtheincentivetodotheirbest

• Maintainameritocraticapproachtoselectthemostcommittedindividualsandsupportthem

FLAMECentreforEntrepreneurship&Innovation(FCEI)

Ittakesan‘EntrepreneurialVillage’tolaunchnewventuresTM


FCEI:AVibrantEntrepreneurialEcosystem


FLAMEUniversityhasdevelopedauniquemodelofcreatingnextgenerationofhighimpactentrepreneurs

OneYearPostGraduatePrograminEntrepreneurship&Innovation

Module1UNLEARN

Module2LEARN

Module3BUILD

Module4LEAD

LiveStartupProject NewVentureCreation

International&LocalStartupImmersions,Events&Competitions

Backedbyexperientiallearningfrompracticingentrepreneurs,coachingfromCxO’s,globalimmersion,andaccesstomakerspace,incubationandinvestment

ReshapingEntrepreneurialEducation


PGPEI:Educators,Entrepreneurs,Investors&BusinessLeaders


PGPEI:StrongGlobalandLocalAssociations

CONFIDENTIAL– NottoDistribute

Thankyou.Website– www.flame.edu.inEmail– [email protected]– 18002094567

2020– 21©FLAMEUniversity

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CONNEXIONS BUILDING STARTUPS IN TIMES OF CRISES