David Butler (Coca-Cola) at Startup Grind 2016

TL;DR

Coca-Cola Founders is a platform that works with founders around the world to co-create startups, aiming to solve big industry challenges.

Transcript

good afternoon first of all let me just tell you what coca-cola founders is Coco founders is a platform where we start at precede and work with founders around the world to co-create startups and I'll talk a lot more about that but before I do let me ask you a quick question how many people have kids in the room kids yeah so last week I took my kid... Read More

Key Insights

• 😃 Coca-Cola Founders is a platform that allows Coca-Cola to co-create startups with founders, focusing on solving big industry challenges.
• ♿ The platform offers precede funding, a known market, and access to Coca-Cola's extensive network and resources.
• 👶 By partnering with founders, Coca-Cola is able to overcome the challenges of adopting new technologies and stay competitive in a rapidly changing market.
• 🌐 Coca-Cola Founders has launched 12 companies in 10 countries, demonstrating its potential for global impact.
• 😃 The collaboration between big companies and startups can be mutually beneficial, providing startups with resources and support, while big companies gain access to innovative solutions and new market opportunities.
• 😃 The challenges faced by big companies, such as Coca-Cola, in adopting new technologies and business models can be overcome by co-create with startups.
• 😃 The cultural differences and ecosystems between big companies and startups can present challenges in collaboration, but by finding common ground and focusing on shared goals, successful partnerships can be achieved.

Questions & Answers

Q: How does Coca-Cola Founders choose which challenges to focus on?

Coca-Cola Founders identifies big industry challenges, both specific to Coca-Cola and more general, and brings in founders who are passionate about solving them.

Q: What kind of support does Coca-Cola offer to the startups they work with?

Coca-Cola provides precede funding through a convertible note, access to their network and resources, and business unit advisors who act as mentors and guides.

Q: How does Coca-Cola Founders address the difficulties of adopting new technologies?

By working with founders from the very beginning, Coca-Cola is able to co-create solutions that fit within their existing systems and overcome the challenges of technological transformation.

Q: How does Coca-Cola Founders scale their impact globally?

Coca-Cola Founders operates globally and partners with startup communities in different countries to address challenges specific to each market.

Summary & Key Takeaways

• Coca-Cola Founders is a platform that assists founders in developing startups to address industry challenges.

• The platform offers precede funding, a big challenge to tackle, and access to Coca-Cola's extensive network and resources.

• By partnering with founders and focusing on co-creation, Coca-Cola is able to overcome the difficulties of adopting new technologies and stay competitive.