Most of you know that last year we started a new event format called “Exec I/O”. Here is some of the reasoning on why we started the series and why we think there is a need for Exec I/O.
Why we decided to launch a new event series
Since our first Pirate Summit 2011, but especially in 2013 we noticed an ever increasing interest from corporates to come to the Pirate Summit. The motives greatly varied.
Some wanted to invest (we gave them an investor ticket). Others wanted to sell their product or service (they got an opportunity to sponsor the event). However, most of them just wanted to check out the startup world and the startup ecosystem. Many came with questions like: How do startups innovate or what are the new business models out there? We didn’t have a good place where corporates could get those questions answered (we don’t give out corporate tickets for Pirate Summit). Exec I/O is that place.
The mission of Exec I/O
Consequently, the mission of Exec I/O is “Connecting Startup & Corporate Executives” thus building the bridge between senior corporates and proven startup-CEOs. To spice it up a bit we also accept active investors. 😉
The idea is that by attending Exec I/O we can build valuable connections between startups and corporates. Also corporates will get a better understanding of how startups innovate and startups of how they can profit from corporations.
The characteristics of Exec I/O
We believe that – for our topics – smaller events are much more valuable. Therefore, Exec I/O is limited to 150 people, invitation-only and just like at the Pirate Summit we don’t accept consultants or service providers.
If we find a way that we can scale the closeness and connectedness at our events we might scale. So far we don’t intend to do so.
Why Exec I/O makes sense right now
As noted above we thought about this event because of the demand from corporates. Obviously, we also looked more generally at the need for Exec I/O in the market. Here are the main reasons we found:
- There is a very high demand from corporates to somehow participate in the startup hype. However, most have no idea what and how to do it. Others start to build the 1.052nd startup accelerator.
- There is a lot of value in startup culture and startup innovation methods. Corporates should know and incorporate what fits for them.
- Startups at a certain stage are looking for partnerships. Corporates have the reach and cooperation can be very beneficial for both sides.
- Corporates are a likely exit channel for startups. Consequently, startups are a logical acquisition target.
- And finally: There just aren’t any (good enough) events that focus on connecting (solely) corporate with startup executives.
Make sure to check out our main Exec I/O site if you are interested in attending one of the events.