List of content
1. Welcome and introduction 2. Opening Address by Professor Christoph Zott 3. Introduction to break-out sessions 4. Break-out sessions
Lets get a good start of this network. You never get a second chance to make a first impression
INSEAD-Wharton Entrepreneurship Network Launch event 3rd October 2002 Presentation by Sandeep Sander Chairman of the Entrepreneurship Network
Type 2 1__________________5___________________10
Disagree Agree Strongly agree
Type 3
1 = option 1 2 = option 2 10 = option 10
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Testing the voting Why did you join? 1 = the speakers 2 = the concept/the idea 3 = the network 4 = other reasons (ie avoiding the queue at London eye)
60 50 40 30 20 10 %
The speakers
The network
The concept
Other reasons
Entrepreneurs
Investors
Knowl Alumni
Others
50 45 40 35 30 25 20 15 10 5 0
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Entrepreneurs
Investors
Knowledge Alumnus
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2. Entrepreneurs
3. Investors
4. Knowledge Alumnus
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Ideas making our network unique The network provides unique opportunities to all three groups of stakeholders The network provide insights you cant get elsewhere The network database will be outstanding
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1. A strong, action oriented network organisation 2. Outstanding net of contacts in the UK and abroad 3. Knowledge transfer 4. Access to funds and other resources 5. Possibility for mentoring and other ways of alumnus support 6. Keeps you up-to-date in the entrepreneurship area
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1. A strong, action oriented network organisation 2. Outstanding opportunity to meet entrepreneurs 3. Knowledge transfer opportunity 4. Opportunity to invest in entrepreneurs plus a supporting network of experienced alumnus 5. Keeps you up-to-date in the entrepreneurship area 6.
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1. A strong, action oriented network organisation 2. Outstanding opportunity to become part of a venture without being investor or entrepreneur on full time 3. Knowledge transfer 4. Possibility for becoming a mentor 5. Keeps you up-to-date in the entrepreneurship area 6.
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1. Possibility to be at the core of a strong, action oriented network organisation 2. Outstanding opportunity to position the company among a wide groups of alumnus and in the press 3. Opportunity for market knowledge transfer 4. Possibility for becoming preferred investor 5. Keeps you up-to-date in the entrepreneurship area
6.
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List of content
1. Welcome and introduction 2. Opening Address by Professor Christoph Zott 3. Introduction to break-out sessions 4. Break-out sessions
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How to create value? How can obstacles can be overcome? What are implications for the network? My main point is that networks do create value Example: Wharton PE Alumni network. 400 members. The objectives are: education,networking,increase awareness,access research/knowledge,interaction students,alumni, faculty. There is clear evidence of value created by network Entrepreneurs and VC operators are very cagey with info.research difficult, as data sparse Mentoring is critical for students in start-ups How can the network help what entrepreneurs do? Creating legitimacy early enhances success considerably Emotional support is also very important and can be provided by networks Diversity in network key, but tendency is to form homogeneous networks, limiting the value of network
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70 60 50 40 30 20 10 0 YES NO YES NO
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30 25 20 15 10 5 0 1 2 3 4 5 6 7 8 9 10 %
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35 30 25 20 15 10 5 0 1 2 3 4 5 6 7 8 9 10 %
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70 60 50 40 30 20 10 0 YES NO YES NO
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List of content
1. Welcome and introduction 2. Opening Address by Professor Christoph Zott 3. Introduction to break-out sessions 4. Break-out sessions
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Break-out sessions
Break-out sessions. We are pleased that a group of outstandingly successful alumni have agreed to act as moderators: 502. Michele Appendino, Founder & Managing Director, NetPartners 501. Sebastian James, CEO, Longwall Holdings 503. William Kendall, CEO, Whole Earth Foods &Founder Covent Garden Soup Co. 505. Julie Meyer, CEO, Ariadne Capital and Founder First Tuesday 504. Pietro Strada, Founder & Director, Arma Partners 508. Caroline Whitfield, CEO, RA Technology Partners
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List of content
1. Welcome and introduction 2. Opening Address by Professor Christoph Zott 3. Introduction to break-out sessions 4. Break-out sessions
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List of content
1. Welcome and introduction 2. Opening Address by Professor Christoph Zott 3. Introduction to break-out sessions 4. Break-out sessions
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Characteristics of successful entrepreneurs: luck (cycle based), leadership, resilience, vision, innovation (philleas frog chips), seize the opportunity, sense of ownership, spotting trouble ahead (protecting the downside), integrity (dishonest people do not get second chance), taking advice, teams (not just individuals)
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Whats new? : The last 2-3 years have clearly been tough. good time to invest now, based on fundamentals (similar timing of the cycle as in 1992-1994 UK recession.Proved to be best investment climate with highest returns..late entrants in late 90s have learned their lessons the hard way Hot sectors are often full of danger... returns for late entrants are low Lessons learned at 3i: timing mistakes in 2000, but still made a lot of money during the bubblewill always make some mistakes in future
Would consider backing someone again who has gone bust in an earlier venture
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30 25 20 15 10 5 0 1 2 3 4 5 6 7 8 9 10 %
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Dr. Raphael (Raffi) Amit We are pleased to announce the key note speaker at the event 25th February 2003:
Professor Amit is Robert B. Goergen Professor of Entrepreneurship and Professor of Management at the Wharton School, University of Pennsylvania
He is also Academic Director of the Goergen Entrepreneurial Management Programs He is Founding Director of The Wharton e-Business Initiative
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Next Steps
Distribute documentation of the 3rd October to all 380+ persons who so far have signed up A Committee meeting A meeting for investors A meeting for sponsors Complete concept development Develop ideas for other activities ACTION !
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