Start-up wisdom

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Start-up wisdom

  1. 1. Caroline Cummings Director of Entrepreneurial Development | Eugene Chamber of Commerce Start-up
  2. 2. Top 10 Reasons Why A Start-up Fails
  3. 3. The Single Founder 1
  4. 4. The Wrong Team 2
  5. 5. Marketing-Heavy Tech-Heavy 2
  6. 6. Wrong Legal Team! 3
  7. 7. Boiling the Ocean 4
  8. 8. Not Talking to Customers 5
  9. 9. Stealth to Long.. 6
  10. 10. Slow to Launch… 6
  11. 11. Stuck on Original Idea 7
  12. 12. Wrong Location! 8
  13. 13. Founder-itis! 9
  14. 14. Spending too much money 10
  15. 15. <ul><li>Lessons… </li></ul>
  16. 16. Go With Your Gut!!!
  17. 17. Ask potential business attorney… <ul><li>Emerging growth business before? </li></ul><ul><li>How much time for you? </li></ul><ul><li>Raised multiple rounds of financing? </li></ul><ul><li>Create/Read a Capitalization Table ? </li></ul><ul><li>Developed a PPM ? </li></ul><ul><li>Compensation packages for new hires? </li></ul><ul><li>IP protection? </li></ul><ul><li>Global expansion ? </li></ul><ul><li>Experience with exits – M&As, IPO, quit? </li></ul><ul><li>Talk to current/former client ? </li></ul>
  18. 18. Date BEFORE Marriage!
  19. 19. Key Team Must Have Skin in the Game!
  20. 20. Don’t Take “Dumb Money”
  21. 21. Include Customers in your R&D Ask Listen Do Thank Include

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