This document contains information about Bulgaria and Israel. Bulgaria has a population of around 7 million people while Israel has over 8 million. Bulgaria's birth rate is lower than Israel's and its life expectancy is shorter. The document also discusses the ethnic makeup and fertility rates of each country. It then shifts to discussing startup ecosystems, mentioning reports on Israel's strong ecosystem and attributes of its success like support from the government and military. The document emphasizes the importance of learning for startup founders and having a balanced team with both technical and business skills for greater success in scaling. It provides statistics on the backgrounds, experience levels, and team sizes of Israeli startup founders.
26. 3.3x more likely to
successfully scale with
product centric
startups without
networking effect than
those with networking effect
Business heavy
founding teams
Technological heavy
founding teams
product centric
inbal.arieli@gmail.com
29. raise 30% more money
2.9x more user growth
19%less likely to scale
prematurely
Team Balance
Benefits
inbal.arieli@gmail.com
30. inbal.arieli@gmail.com
"Rosh Gadol
Originating in the army, it describes a leader,
someone who takes responsibility,
isn’t afraid of making decisions,
takes initiatives isn’t afraid of risks.
It refers to actions beyond the call of duty or job description.
Big Head
34. Txs & Good Luck
Inbal Arieli
Inbal.arieli@gmail.com
inbal.arieli@gmail.com
Notas del editor
Let's talk a little bit about Israel and Bulgaria.I will try to give you a very short introduction to the early stage ecosystem in Israel, and what i think can be learned from our experience
There are some similiarites between Bulgaria and IsraelI will try to give you a very short introduction to the early stage ecosystem in Israel, and what i think can be learned from our experience
In the map – early stage ones.In total – there are 5700 active private and public startup companies to date Israel Hosts More NASDAQ listed companies per citizen than ANY country Exits involving Israeli and Israel-related high-tech companies in 2011 totaled $5.23 billion.
We still don't understand the patterns of succesful creation.From the 90% who will fail, most fail due to self distruction rather than competition.
Let's dive into what i think is one of the sucess keys of an early stage start up,
According to the StartUp Genome report, 201227X more fund raising3.5X user growth
Join your peersInitiate long distance relationships with similar global groups, with ongoing online meetingsDon't wait for someone to start a group and invite you - Start your own meetup/group.Find yourself a high level mentorDo a lot of reading, including regarding best practices
Join your peersInitiate long distance relationships with similar global groups, with ongoing online meetingsDon't wait for someone to start a group and invite you - Start your own meetup/group.Find yourself a high level mentorDo a lot of reading, including regarding best practices
Join your peersInitiate long distance relationships with similar global groups, with ongoing online meetingsDon't wait for someone to start a group and invite you - Start your own meetup/group.Find yourself a high level mentorDo a lot of reading, including regarding best practices
Join your peersInitiate long distance relationships with similar global groups, with ongoing online meetingsDon't wait for someone to start a group and invite you - Start your own meetup/group.Find yourself a high level mentorDo a lot of reading, including regarding best practices
Join your peersInitiate long distance relationships with similar global groups, with ongoing online meetingsDon't wait for someone to start a group and invite you - Start your own meetup/group.Find yourself a high level mentorDo a lot of reading, including regarding best practices
A very vivid ecosystem, of free events and meetups.Most of which, are initiated by the entrepreneurs themselves
Both in Israel and Bulgaria - our talent has mostly goodtechnological skillsAt least in Israel, and generally speaking of course, marketing, product and design are our weaknesses
So first – we should know where our advanteages are.Focus should be on product centric start ups, without a networking effect, as opposed to sales driven companies, with a networking effect.
You need to go global, right?So here's a solution established by Israeli entreprneurs in the Valley:An accelerator for Israeli entrepreneurs was founded in SF, by Israelis.It is a 3 months program for early stage startups who come to the valley and spend some cruitial time there. Find some leading Bulgarian, role models, who have succeeded locally or even better globaly, and use them
You cannot succeed based only on a technical team. Today, more than ever, innovation often comes from the product side or even innovative business models.So your team MUST be well balanced. This is critical for your success.
So don't be afraid of risks, and start failing, as failure is success when we learn from it.
And at least learn this for the Israelis.Just don't be afraid.Eventualy – you'l succeed.
