Ayrton Senna's Lesson for International Startups
Sunday, March 15
11:00AM - 12:00PM
Hilton Austin Downtown
500 E 4th St
When legendary Formula 1 driver Ayrton Senna was criticized for his level of risk taking, he said. "if you no longer go for a gap that exists, you are no longer a racing driver. Because we are competing to win. Not to come third, fourth or fifth. When there is a gap, you either commit yourself or you come second. Sure, sometimes you get it wrong, it’s impossible to get it right all the time. But I race to win.’
This conviction made Senna the most beloved car racer in history. And it also explains why few international startups become category killers like Google, Amazon, Facebook or Twitter. Take Europe, full of copy cat startups and VCs who demand traction and revenue before investing, instead of the other way around. Always afraid the gap will close.
In this session, Dutch entrepreneur and investor Michiel Frackers explains why things are slowly changing for the better and how crowdfunding helps international startups to finally go for the gap on a global scale.
Arthur van Hoff
Michiel Frackers (Amsterdam, 1968) was failing miserably as an exchange student in movie screenwriting in the US, when he first discovered the internet. Moving back to Holland he raised over $10 mi...Show the rest
Michiel Frackers (Amsterdam, 1968) was failing miserably as an exchange student in movie screenwriting in the US, when he first discovered the internet. Moving back to Holland he raised over $10 million from Royal Dutch Telecom KPN in 1994 and co-founded Planet Internet, which became the number 1 ISP and most popular website in the Netherlands.
Michiel has worked with both small and large companies and with commercial and non-profit organisations since leaving Planet Internet. The common factor is that all projects are innovative in the converging fields of telecommunications, media and technology. His primary work is still as an investor in internet companies.
His recent investments include Dialogue Company (email marketing), Flabber (entertainment), 925 (business news), Fieber (cloud services for SME's) and Dutch Fellows, the network for innovative entrepreneurs in the Netherlands with which he has led the Dutch delegation at SXSW during the last couple of years.Hide the rest