This document provides an overview of the Seattle startup ecosystem, including key ingredients like talent, capital, and culture. It discusses important community resources like events, coworking spaces, investors, and programs. It offers advice on how entrepreneurs can plug into the ecosystem, such as building relationships, volunteering, and embracing failure. The overall message is that contributing to the community is important before leveraging it for one's own startup.
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2015
Ecosystem Overview
5 Ingredients White Paper
1. Talent
2. Density
3. Culture
4. Capital
5. Regulatory Environment
Other Resources
Startup Champions Network
No one owns the Community
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2015
Startup Communities
Brad Feld’s Startup Community Book (SlideShare)
Boulder Thesis
Entrepreneurs Lead
Long Term Commitment
Inclusive of all that want to participate
Continual Activities/Events
Leaders and Feeders
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Feeders
Government – support, but don’t lead
Universities – smart young people
Investors - Angels and VC – follow talent
Mentors – help, but no (minimal) economic reward
Professional Services
Legal, Accounting – real professions
Large Companies
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2015
Resources
Community Calendars
GeekWire
Startup Seattle
Newsletters
Startup Digest
Groups
WTIA – tends to established to large enterprises
Check their motives – follow the cash
LMGTFY
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2015
Physical Resources
Co-Working space
Know the DNA of the space – e.g. solopreneurs, teams, university,
consultants
Startup Hall, Impact Hub, SURF, WeWork, Galvanize,
ThinkSpace, extraSlice
Makers Spaces
Verticals – Cambria Grove
LMGTFY
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Programs
Paid
UW Entrepreneurship
Program
Seattle University
Founder Institute –
entrepreneur training
Funded
Techstars
Fledge – Impact investment,
you need to crowd fund your
participation
LMGTFY
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Investors
Angel Groups – will complete
the round of funding, seldom
lead
Alliance of Angels events
Angels Pitches and Beer
Meetup
Puget Sound Venture
Club
Don’t pay to present
Early Venture Capital
Founders Co-op
Seven Peaks
FlyingFish
Venture
Madrona
Voyager
Ignition
Mavron
There are always disproportionate gaps in all markets between the need
for capital and availability – get over it!
LMGTFY
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2015
Introductions Matter
Invest in your network
Accomplish something – customer traction
Your need for Capital ≠ your ability to raise Capital
Get a clear ask
Utilize your new network to get introduction
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People to Avoid
Never Sponsors – sell their services at events
Wantrepreneurs – always working on something, never
launching anything
Startup Groupies – just here for the free food – You know who
you are!
Fundraisers and Introducers - will introduce you to investors
for a fee – RUN AWAY – SEC rules prohibit fundraising for a
fee if not a real banker
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Cascadia & Washington State
What does the next generation of Ecosystem look like?
Eastside continues to have a lack of “B Class” office space to
facilitate startups with flexible low cost options
Eastside co-working?
Eastside vs. Westside tech stacks
Rest of Washington?
Impact of Education
Cascadia – Vancouver BC to Portland (Bend)
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How to Start
#GiveFirst – Techstars hashtag
Before you ever leverage the Community, you
need to contribute to the Community
Build Relationships
More than networking
How do you help other people first
Volunteer – registration desk, marketing support
Everyone is special (not just you)!
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What To Do
Have an Agenda –
Wait, doesn’t this conflict with #GiveFirst?
No, start your agenda with how to GiveFirst
Everyone knows you have an agenda, that’s OK – Just know
your agenda
Product feedback
Connections
Did you interaction add value to the people you met?
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Value Proposition
Who are you?
What’s memorable?
What are you looking for?
Co-Founder, marketer, etc.
Share, share, share you idea!
No one is going to steal it – ideas die from lack of exposure not
over exposure
Be clear, with a message that can be repeated
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Ready?
We want to help, but we won’t do your work for you
Two Paragraph LinkedIn method
Your ask is proportionate to your relationship – don’t ask me
for investor introduction until I’ve seen you actually
accomplish something.
Time is our most valuable resource, I promise I won't waste yours.
Gary Rubens, Email Signature
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Why?
If we continue to mentor the community,
leaders will emerge that will mentor and
invest in the community.
Invest 10% of your exit back into the local
ecosystem + your time = Great Returns