Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

How We Do Startups & Entrepreneurship at NYU

Slides from my talk to MBA students from Central European University (CEU, Hungary) about how we spur and support startups and entrepreneurship across NYU.

How We Do Startups & Entrepreneurship at NYU

  1. @NYUEntrepreneur How We Do Startups & Entrepreneurship at NYU Frank Rimalovski Executive Director, Entrepreneurial Institute Managing Director, Innovation Venture Fund Adjunct Faculty, Polytechnic School of Engineering May 21, 2015
  2. @NYUEntrepreneur Made in NYC 2
  3. @NYUEntrepreneur3
  4. @NYUEntrepreneur4
  5. @NYUEntrepreneur 75% of startups fail to return investors capital Shikhar Ghosh Harvard Business School #nyuef
  6. @NYUEntrepreneur So why do so many startups fail? #nyuef
  7. @NYUEntrepreneur “More startups fail from a lack of customers than from a failure of product development.”
  8. @NYUEntrepreneur Top 12 Reasons Startups Fail #nyuef
  9. @NYUEntrepreneur Top 12 Reasons Startups Fail 42% #nyuef cite lack of market need
  10. @NYUEntrepreneur Why do so many startups fail? #nyuef
  11. @NYUEntrepreneur Why do so many startups fail? #nyuef
  12. @NYUEntrepreneur Why do so many startups fail? #nyuef
  13. @NYUEntrepreneur Why do so many startups fail? #nyuef
  14. @NYUEntrepreneur Why do so many startups fail? #nyuef
  15. @NYUEntrepreneur Classic Blunders u  “If you build it they will come” u  Trying to be all things to all people u  Hiring an MBA or “business guy” to write a business plan u  Waiting for tech transfer to find a CEO & funding u  Fund ➨ Build ➨ Customers 15
  16. @NYUEntrepreneur Helping startups start up
  17. @NYUEntrepreneur Vision Create a culture that values, promotes & facilitates technology-based entrepreneurship university-wide 17
  18. @NYUEntrepreneur Our “Customers” 18 Students FacultyResearchers
  19. @NYUEntrepreneur19 1. Multi-disciplinary Secrets of Startup Success
  20. @NYUEntrepreneur20 2. In and of the City Secrets of Startup Success
  21. @NYUEntrepreneur21 3. Experiential learning Secrets of Startup Success
  22. @NYUEntrepreneur The Playbook Inspire Educate Connect Accelerate Fund
  23. @NYUEntrepreneur Insert Festival Video 23 http://bit.ly/1PQT6nI
  24. @NYUEntrepreneur24
  25. @NYUEntrepreneur
  26. @NYUEntrepreneur #n yu ef Lean Launchpad with Steve Blank August 24-28th In the Classroom
  27. @NYUEntrepreneur Startup Funding Lifecycle 27 ① Discovery ② Validation ③ Customer Creation ④ Company Building Test assumptions about customer needs/problem & develop MVP Seek Validation that people are interested in your product/ service Begins to build demand & improve efficiency of customer acquisition Drive growth aggressively 
 & execute business model Invention & ideation Grants, Crowdfounding Competitions Founders + Credit cards Crowdfounding I-Corps Accelerators SBIR/STTR + Friends & family Angels Seed funds Venture capital fundsValuation* Source: startupcompass.co
  28. @NYUEntrepreneur Prototyping Fund
  29. @NYUEntrepreneur
  30. @NYUEntrepreneur $200k Entrepreneurs Challenge
  31. @NYUEntrepreneur Summer Launchpad 31
  32. @NYUEntrepreneur Innovation Venture Fund u  Philanthropic seed fund u  Help build smart syndicates u  $100-200k direct investments u  Converts, Series Seed & A u  Board observer seats u  Opportunistic follow-ons 32 I V F
  33. @NYUEntrepreneur Innovation Venture Fund 33
  34. @NYUEntrepreneur Innovation Venture Fund 34 Investments 11 Sectors Info Tech: 7 Life Sci/Health: 4 NYU Founders (School) CAS: 2 Medicine: 6 Eng: 1 Stern: 5 Dentistry: 2 Law: 1 Courant: 2 NYU Founders (Type) Students: 9 Faculty: 8 Researcher: 2 IT Investments Hardware: 2 Software: 5 Invested Capital Invested: $1,325,000 Value: $1,480,309 % w/ Female Cofounders 36% Total Capital Raised $30,490,000 (>23x)  
  35. @NYUEntrepreneur Selected Co-Investors 35
  36. @NYUEntrepreneur
  37. @NYUEntrepreneur37 September 16: Open for Business!
  38. @NYUEntrepreneur Leslie eLab Metrics: Sep 8-May 10 u  >20,000 total visits! u  4,485 unique visitors (~4.5, trending up) u  20 NYU schools/colleges represented u  200+ different areas of study u  74% undergrad & 26% grad students u  42% female u  250+ Events hosted u  120+ Institute led/driven u  Guest speakers u  Workshops/bootcamps u  40 faculty-led classes/events u  100+ student club-led events u  Extended daily hours to 10pm M-F 38 Weekly Visits (excl holidays) Medicine Abu Dhabi Law Silver School of Social Work College of Nursing Special Sessions Graduate School Arts & Science Faculty of Arts and Science Wagner SCPS Engineering Tisch Gallatin Steinhardt Stern CAS Total Visitors by School
  39. @NYUEntrepreneur Leslie eLab Facts: Sep 8-May 10 u  100 students visited 30+ times u  683 room reservations u  250 Prototyping Lab reservations u  201 EIR/Lab manager student meetings u  >7,000 cups of coffee served 39
  40. @NYUEntrepreneur What’s happening at the Leslie eLab? 40
  41. @NYUEntrepreneur Full house for a mid-day workshop 41 Bootcamps, Speakers & Workshops
  42. @NYUEntrepreneur42 Hackathons
  43. @NYUEntrepreneur43 Prototyping
  44. @NYUEntrepreneur Students & Faculty Collaborating
  45. @NYUEntrepreneur Alumni Entrepreneur Meetups
  46. @NYUEntrepreneur46Confiden(al   Startup Coaches
  47. @NYUEntrepreneur VC Pitchfest
  48. @NYUEntrepreneur Institute & Fund Goals u  Make entrepreneurship a campus-wide, multi-disciplinary experience u  Bring more NYU innovations to market u  Compete for top students, faculty & funding u  Generate return on investment u  Create generation of entrepreneurs to inspire & support NYU for years to come 48
  49. @NYUEntrepreneur Questions? entrepreneur@nyu.edu @nyuentrepreneur nyu.edu/entrepreneur nyuentrepreneur.com 16 Washington Place 49
  50. @NYUEntrepreneur Helping startups start up

×