starts-ups: unleashing human potential: gary fowler at tedxaas

Post on 23-Jan-2015

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Most venture capital companies underperform or fail. Most startup accelerators use the "spray and pray" approach and also fail. Why would developing countries copy outdated paradigms? Gary Fowler enchants the TEDxAAS audience with a proven paradigm that significantly impacts a startup's success. In the spirit of ideas worth spreading, TEDx is a program of local, self-organized events that bring people together to share a TED-like experience. At a TEDx event, TEDTalks video and live speakers combine to spark deep discussion and connection in a small group. These local, self-organized events are branded TEDx, where x = independently organized TED event. The TED Conference provides general guidance for the TEDx program, but individual TEDx events are self-organized.* (*Subject to certain rules and regulations)

TRANSCRIPT

STARTUPS

UNLEASHING HUMAN POTENTIAL

The only way to do great work is to love what you do…

Steve Jobs

Passion

Optimism

Visualization

10,000 applications

511accepted to this accelerator

37 sold or worth more than 40 million

What is happening?

90% - innovative startups fail

80% - VCs fail Startup Accelerators are following the VC pattern

Statistics

Are they focused on creating

value?

or financial performance

But do VCs, Incubators, and

Accelerators really address the

reasons why startups fail?

It needs to change…

‒ Lack of competency ‒ Not understanding how customers buy ‒ Conflicts with partners or investors

Top three causes for startup

failure

The key to

successful startups

‒ Passion ‒ Optimism ‒ Visualizaiton ‒ Fostering a startup culture ‒ Competency Building

Each of these causes can be

eliminated through deep & applied

skill and knowledge development

Thank you!

GARY A. FOWLER www.launch-gurus.com

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