I recently gave a talk at YES, the Young Enterpreneurs in Science. Here is a short video version (8 min.) that illustrates how public funding is possible and aligns with a startup (out of research) timeline. The slides are also available.
I was listening to Dave Kellog and Thomas Otter’s most enjoyable The SaaS Product Power Breakfast podcast, this time about a VC-turned-entrepreneur (in his fourties), and it reminded me about advice that I give to my students. Heads-up: The funniest ageist comment by a student, ever.Continue reading “Advice to Students on When to Start Your Company”
The short answer: As long as you don’t have product market fit. In more detail:Continue reading “When Does Public Funding Trump Venture Capital?”
This 5min. video discusses basics of turning your research into a startup. It focuses on public funding. The video was created for the March 2021 DAAD PRIME workshop, but is not restricted to a postdoc audience. Indeed, it works for anyone with a good idea and ideally a team who is willing to move to Germany to benefit from its rich ecosystem for public funding of startups.
How can you spin your research into a startup? We asked Dirk Riehle, professor of Computer Science and advocate for founders with an academic background, for insights and advice. Before becoming a professor, Dirk has worked in industry, always in close connection with startups. His passion for entrepreneurship has become a big part of his professorship and Dirk has been developing, guiding, and supporting startups from research.Abstract of interview, 2021-03-01
Read more on the GSO website in the Ask-an-expert article on Academia and Entrepreneurship. (Local PDF copy.)
And if you wonder what I’m up to right now, this is it: EDITIVE.
Next month, February 2021, I will be presenting lightening talks at both FOSDEM 2021 (Feb 6th) and FOSS Backstage 2021 (Feb 10th) about how to get your Ph.D. and have a startup too. At FOSDEM it will be a 5min. presentation, at FOSS Backstage a 15min. presentation. Both conferences are free to attend virtually, and in both cases, you can ask questions and get to know more about this initiative. See you there!
A main reason why I became a professor is to create and guide student startups, in general, and from my research projects in particular. It has been a bumpy ride, to say the least, but I guess, every learning curve is. Data points (startups) are still not plenty, but I can nevertheless discern some learnings. Without further ado, the usual bullet list of insights:
Learning is by person. Large companies can talk about organizational memory and capabilities building all they want, in a startup, knowledge walks in the door (and out) by person. A new person basically starts over and makes all the same mistakes the person they replace also made… two years later. So, avoid losing good people.Continue reading “Ten Years of Student Startups”
A professor, so my belief, can play an important role in generating startups from University research. Most professors don’t, but some do, and I wanted to summarize my experiences as to what would be the perfect combination in one person.
There are three ingredients to get a university startup set-up and off the ground: (1) team, (2) idea, and (3) seed funding. Team, as anyone in startup-land knows, is by far the most important ingredient, as the others ultimately follow from it.Continue reading “The Perfect Professor for University Startups”
The continued creation of me-too startup incubators reminds me of the (South Seas’) cargo cult. Richard Feynman tells the story this way: The cargo cult people were natives of the South Seas who, during the world war, benefited from Western civilizations bringing cargo to their land. After the war ended, and the cargo stopped coming, the natives built wooden artifacts that looked like planes in an attempt to bring back the good old days of free supplies. Obviously, it didn’t work.
My primary goal in becoming a professor was to turn my (hoped-for excellent) research and teaching into startups. For that reason I created the Startupinformatik program and set-up my teaching to support it. Sadly, I’ve been noticing over the years that things don’t seem to get easier but harder. Specifically, “the system” (I’ll explain below) seems to view professors with mistrust rather than as the natural allies they should be when it comes to leading students to create a startup.
Let me illustrate this using two experiences: