Devoxx Antwerp introduces a Startup Track: On Thursday November 13 (17:10 - 17:40), Bruno Lowagie will present a talk about the book "The Founder's Dilemmas" by Noam Wasserman.
In this presentation, you get an overview of what ZUGFeRD, a standard for e-invoices developed by the Forum elektronische Rechnung Deutschland is about. We look at XML standards for business, at PDF standards for archiving and we learn how ZUGFeRD combines both. We also look beyond ZUGFeRD at standards for digital signing.
In this presentation, you get an overview of what ZUGFeRD, a standard for e-invoices developed by the Forum elektronische Rechnung Deutschland is about. We look at XML standards for business, at PDF standards for archiving and we learn how ZUGFeRD combines both. We also look beyond ZUGFeRD at standards for digital signing.
IANAL: what developers should know about IP and LegaliText Group nv
These are the slides of the Java One talk by Bruno Lowagie on Wednesday October 28 at 10 AM in Imperial Ballroom A at the Hilton in San Francisco.
Bruno will discuss topics such as open source licenses, intellectual property, trademarks and software patents. Bruno isn't a lawyer, but he'll share his experience with legal issues as a developer.
Digital Signatures in the Cloud: A B2C Case StudyiText Group nv
If you are a solution architect, or a business strategist new to digital signatures, this webinar will give you an overview of the components needed to build an end-to-end digital signature solution in-house, including PDF document workflows and document signing certificates.
These are the slides that were be presented at a GlobalSign customer event in Leuven on September 16, 2014. In my talk, I explained why digital signatures are important. I introduced the audience to the basic concepts used when signing documents and showed how these concepts are used in the context of PDF. Furthermore, I discussed different architectures to implement a digital signature solution, as well as how digital signatures can be used in a workflow and how we can create digital signatures for the long term.
iText Summit 2014: Talk: iText throughout the document life cycleiText Group nv
iText throughout the document life cycle
By Klaas Bals, Inventive Group
iText can be used in virtually any step in the document life cycle. During this talk we will show you how we use a WYSIWYG editor to design, create, transform, sign and store PDF-files with iText and how it brings value to customers like the Belgian Federal Department of Finance, The city of Antwerp, Johnson&Johnson, and the National Pensions Office.
iText Summit 2014: Talk: eGriffie and JustX, introducing digital documents at...iText Group nv
Templates for PDF
iText strategies for the mass production of documents based on templates: two user stories presented by iText customers.
There are different ways to create high volumes of PDF:
- You can create the PDFs from scratch (the program is the template)
- You can fill out PDF forms based on AcroForm technology (the template is static)
- You can use an XML-based format as a template (XSL:FO, XHTML and CSS, custom XML)
- You can use a dynamic XFA form (the XML Forms Architecture)
In this session, we will give the floor to two of our customers, one that uses the core iText to create documents, one that uses XFA Worker, a tool built on top of iText.
Project for Governement: creating PDF using the XML Forms Architecture
By Pieter Robberechts, CSC
CSC has developed applications to automate Belgian Governmental tasks, more specifically Juridical tasks that are time consuming and error sensitive because of human input.
The fully automated 'E-griffie’ application renders juridical and legal forms, injecting XML into dynamic XFA templates that are then flattened into PDF/A documents using iText. Another application, JustX is an authentic Source Judgement Database to streamline information.
Damn, the new generation kids are getting iPads in Highschool!iText Group nv
A Google App Engine platform connected to a native iPad solution distributing books and content, presented at the iText Summit 2012 by Kars Veling, Owner Q42 Internet BV.
PAdES signatures in iText and the road aheadiText Group nv
iText Summit 2012, talk by Paulo Soares. Note that the plans that are discussed in these slides were already implemented. See also http://itextpdf.com/book/digitalsignatures
IANAL: what developers should know about IP and LegaliText Group nv
These are the slides of the Java One talk by Bruno Lowagie on Wednesday October 28 at 10 AM in Imperial Ballroom A at the Hilton in San Francisco.
Bruno will discuss topics such as open source licenses, intellectual property, trademarks and software patents. Bruno isn't a lawyer, but he'll share his experience with legal issues as a developer.
Digital Signatures in the Cloud: A B2C Case StudyiText Group nv
If you are a solution architect, or a business strategist new to digital signatures, this webinar will give you an overview of the components needed to build an end-to-end digital signature solution in-house, including PDF document workflows and document signing certificates.
These are the slides that were be presented at a GlobalSign customer event in Leuven on September 16, 2014. In my talk, I explained why digital signatures are important. I introduced the audience to the basic concepts used when signing documents and showed how these concepts are used in the context of PDF. Furthermore, I discussed different architectures to implement a digital signature solution, as well as how digital signatures can be used in a workflow and how we can create digital signatures for the long term.
iText Summit 2014: Talk: iText throughout the document life cycleiText Group nv
iText throughout the document life cycle
By Klaas Bals, Inventive Group
iText can be used in virtually any step in the document life cycle. During this talk we will show you how we use a WYSIWYG editor to design, create, transform, sign and store PDF-files with iText and how it brings value to customers like the Belgian Federal Department of Finance, The city of Antwerp, Johnson&Johnson, and the National Pensions Office.
iText Summit 2014: Talk: eGriffie and JustX, introducing digital documents at...iText Group nv
Templates for PDF
iText strategies for the mass production of documents based on templates: two user stories presented by iText customers.
There are different ways to create high volumes of PDF:
- You can create the PDFs from scratch (the program is the template)
- You can fill out PDF forms based on AcroForm technology (the template is static)
- You can use an XML-based format as a template (XSL:FO, XHTML and CSS, custom XML)
- You can use a dynamic XFA form (the XML Forms Architecture)
In this session, we will give the floor to two of our customers, one that uses the core iText to create documents, one that uses XFA Worker, a tool built on top of iText.
Project for Governement: creating PDF using the XML Forms Architecture
By Pieter Robberechts, CSC
CSC has developed applications to automate Belgian Governmental tasks, more specifically Juridical tasks that are time consuming and error sensitive because of human input.
The fully automated 'E-griffie’ application renders juridical and legal forms, injecting XML into dynamic XFA templates that are then flattened into PDF/A documents using iText. Another application, JustX is an authentic Source Judgement Database to streamline information.
Damn, the new generation kids are getting iPads in Highschool!iText Group nv
A Google App Engine platform connected to a native iPad solution distributing books and content, presented at the iText Summit 2012 by Kars Veling, Owner Q42 Internet BV.
PAdES signatures in iText and the road aheadiText Group nv
iText Summit 2012, talk by Paulo Soares. Note that the plans that are discussed in these slides were already implemented. See also http://itextpdf.com/book/digitalsignatures
2. @bruno1970 @iText
#DV14 #FoundersDilemmas
Who is Bruno Lowagie?
•Original developer of iText®, an open source PDF library
•Author of “iText in Action” books published by Manning
•Founder / CEO of the iText Group
•iText Group NV (Belgium)
•iText Software BVBA (Belgium)
•iText Software Corp (USA)
•Awards
•Deloitte’s Technology Fast 50
•2013: 3rd in Belgium, 53rdin EMEA
•2014: Winner (Belgium)
•BelChamEntrepreneurship Awards
•Winner “Most Promising Company of the Year 2014”
4. @bruno1970 @iText
#DV14 #FoundersDilemmas
IT’SUNFORTUNATEBUTTRUE: IFENTREPRENEURSHIPISABATTLE, most casualties stem from friendly fire or self-inflicted wounds.
6. @bruno1970 @iText
#DV14 #FoundersDilemmas
Entrepreneur = Wealth
p15-18: If many founders really believe this, it appears they are largely wrong. Entrepreneurs earned 35% less over a 10 year period then they could have earned in a paid job (Hamilton, 2000).
Entrepreneurs as a class make only as much money as they could have if they had been employees. In fact, entrepreneurs make less, if you account for the higher risk (American Economic Review, 2002).
7. @bruno1970 @iText
#DV14 #FoundersDilemmas
Entrepreneur = Control
•Entrepreneur:
•Power & Influence
•Autonomy
•Managing people
•Employee:
•Security
•Recognition
•Affiliation
8. @bruno1970 @iText
#DV14 #FoundersDilemmas
Entrepreneur = Control
When I analyzed 212 American start-ups that sprang up in the late 1990s and early 2000s, I discovered that most founders surrendered management control long before their companies went public. By the time the ventures were three years old, 50% of founders were no longer the CEO.
9. @bruno1970 @iText
#DV14 #FoundersDilemmas
Scientific Approach
Noam Wasserman: “In my experience, foundersoften make decisions that conflict with the wealth-maximization principle. I noticed that some options had the potential for generating higher financial gains but others, which founders often chose, conflicted with the desire for money.”
RESEARCH NEEDED:
10,000 companies
between 2000 and 2009
10. @bruno1970 @iText
#DV14 #FoundersDilemmas
Decisions
•Cofounders (chapters 3-7)
•Solo vs. Team
•Relationships
•Roles
•Rewards
•Hires (chapter 8)
•Relationships
•Roles
•Rewards
•Investors (chapter 9)
•Self-fund vs. Outside capital
•Sources of capital
•Terms
•Board of Directors
•Successors (chapter 10)
•Trigger of succession
•Openess to succession
•Desired role after succession
•Other factors
•Preferred rate of startup
•Capital intensity
•Core founder’s capitals
11. @bruno1970 @iText
#DV14 #FoundersDilemmas
Pick your Quadrant
Complete control
< $$$
Little control
> $$$
12. @bruno1970 @iText
#DV14 #FoundersDilemmas
Control Decisions
•Cofounders (chapters 3-7)
•Solo (or weak cofounders)
•From immediate circle
•Be the CEO
•Maintain most equity
•Hires (chapter 8)
•Close personal network
•Keep control of key decisions
•Hire less expensive juniors
•Investors (chapter 9)
•Self-fund; “bootstrap”
•Friends, fools, family
•Resist investor-friendly terms
•Avoid official board
•Successors (chapter 10)
•Avoid until forced
•Resist giving up CEO position
•Prefer to leave
•Other factors
•Gradual to moderate growth
•Low capital intensity
•Can build startup without help
Most likely outcome:
•Maintain control
•Build less value
“KING”
13. @bruno1970 @iText
#DV14 #FoundersDilemmas
The “King” quadrant
Complete control
< $$$
Little control
> $$$
KING
14. @bruno1970 @iText
#DV14 #FoundersDilemmas
Wealth Decisions
•Cofounders (chapters 3-7)
•Build team
•Find the best founders
•Delegate decision-making
•Share equity
•Hires (chapter 8)
•Hire experienced employees
•Delegate decision-making
•Incent with cash or equity
•Investors (chapter 9)
•Take outside capital
•Target angels or VCs
•Be open to terms
•Be open to losing control
•Successors (chapter 10)
•Initiate succession “in time”
•Be open to giving up the CEO role
•Remain executive (expertise)
•Other factors
•Fast to explosive growth
•High capital intensity
•Fill gaps by involving others
Most likely outcome:
•Build financial value
•Imperil control
“RICH”
15. @bruno1970 @iText
#DV14 #FoundersDilemmas
The “Rich” quadrant
Complete control
< $$$
Little control
> $$$
KING
RICH
16. @bruno1970 @iText
#DV14 #FoundersDilemmas
Chances at succes
•If you go for being King:
Maintain control: 80% x 80% x 80% = 51% probability
Build fullest value: 20% x 20% x 20% = 1% probability
•If you go for being Rich:
Maintain control: 20% x 20% x 20% = 1% probability
Build fullest value: 80% x 80% x 80% = 51% probability
•If you go for something in-between:
Maintain control: 80% x 80% x 20% = 13% probability
Build fullest value: 20% x 20% x 80% = 3% probability
17. @bruno1970 @iText
#DV14 #FoundersDilemmas
The “Exception” quadrant
Complete control
< $$$
Little control
> $$$
KING
RICH
EXCEPTION
18. @bruno1970 @iText
#DV14 #FoundersDilemmas
The “Failure” quadrant
Complete control
< $$$
Little control
> $$$
KING
RICH
EXCEPTION
FAILURE
20. @bruno1970 @iText
#DV14 #FoundersDilemmas
The pie seen from your side
$1,000,000,000
YOU
INVESTORS
$1,000,000
YOU
INVESTORS
21. @bruno1970 @iText
#DV14 #FoundersDilemmas
The pie(s) seen from a VC’s side
$1,000,000,000
YOU
INVESTORS
$1,000,000
YOU
INVESTORS
$1,000,000
YOU
INVESTORS
$1,000,000
YOU
INVESTORS
$1,000,000
YOU
INVESTORS
$1,000,000
YOU
INVESTORS
$1,000,000
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INVESTORS
$1,000
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INVESTORS
$1,000
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INVESTORS
$1,000
YOU
INVESTORS
$1,000
YOU
INVESTORS
$1,000
YOU
INVESTORS
$1,000
YOU
INVESTORS
$1,000
YOU
INVESTORS
$1,000
YOU
INVESTORS
$1,000
YOU
INVESTORS
$1,000
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INVESTORS
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INVESTORS
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INVESTORS