Entrepreneurship is important, yet underserved
It’s been a funding gold rush
It’s been a funding gold rush
It’s been a funding gold rush
- 2021 set new records, Startups attracted $621 Billion in 2021
Most funding will be wasted
It’s been a funding gold rush
It’s been a funding gold rush
- 95% of start-ups fail in the first three years (source CB Insights)
- Venture Capital (VC) funded startups have a 75% failure rate
(source review42.com)
Delivering suboptimal returns
Delivering suboptimal returns
Delivering suboptimal returns
- ~50% - Zero return
- ~30% - some return, often below the cost of capital
- ~20% - significant returns - compensating for the rest
Not to mention the impact on the teams involved
Delivering suboptimal returns
Delivering suboptimal returns
- Venture team performance, development and employment
- Investor team performance and development
To understand the key aspects of a successful venture
Superior business ideas
Leadership Team
Leadership Team
- Identified need
- Superior solution
- Desirable, Feasible, Viable
- Actionable and commercial products/services that can be protected and scaled
Leadership Team
Leadership Team
Leadership Team
- Personal Traits
- Individual and collective facets
- Surface structures and behaviours
- Deep structures, values, and beliefs
- Individual abilities and capabilities
- Team abilities, capabilities, and cohesion
Execution
Execution
Execution
- Focus
- Perseverance
- Valuable relationships
- Effective decisions
- Resource and risk management
- Investor matching and support
- Development
Access to resources
Execution
Execution
- Funding
- Staff
- Partners
- Suppliers
Some key things we learned
Teams
Investors
Investors
Focus on the business idea, the tech, the pitch, the customer and the funding.
Have limited understanding of and focus on the leader/leadership team facets that make a difference.
Investors
Investors
Investors
Highly structured and rigorous in appraising the idea, business plan and technology.
Are often highly intuitive, sometimes (unconsciously) biased & even irrational on the people aspects.
Experiences of Entrepleio - Simplifire
Rory Unsworth - Founder
"I’ve found the Entrepleio report, and sessions with the Entrepleio consultants, hugely valuable. It’s provided my team with an opportunity for self-reflection which has revealed a key insight: of all the assets my company owns and can access, our core team is absolutely central to our success. It has helped us to identify and recruit two new partners who filled gaps we had, and has made us stronger.
The sessions with Entrepleio have allowed us to not only better understand our Entrepleio report, but to connect this to our successes and challenges in the enterprise and consider how to make practical use of this knowledge going forward"