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SproutUp and Rypple
 

SproutUp and Rypple

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SproutUp group talks about Rypple

SproutUp group talks about Rypple

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    SproutUp and Rypple SproutUp and Rypple Presentation Transcript

    • story & stuff daniel debow SproutUp Oct.20.2010
    • background my spiel startup v1 startup v2 useful stuff
    • Daniel Debow Stanford LLM, UofT JD/MBA, Western BA(psych) Workbrain co-founder + VP, Corp Dev & Marketing Rypple co-founder + co-CEO Bass player & music lover New dad background/me
    • David Stein McGill Comp Sci Workbrain co-founder, EVP, Chief Strategist Rypple co-founder + co-CEO Oenophile 2 boys background/my partner
    • STARTUP V1 the workbrain era
    • where it all started workbrain startup v1
    • me & workbrain co-wrote the biz plan hired tons of people sales ops, marketing, corp dev went public & got us sold startup v1
    • sold in 2007 for $227MM 97 89 57 34 17 0 4 2000 2002 2004 2006 revenue (US$ MM) startup v1 8
    • wanted post-workbrain high growth, high margin businesses startup v2
    • a business screen software enabled peer-production huge market change in channels startup v2
    • a real problem not enough feedback at workbrain startup v2
    • STARTUP V2 the founding of rypple
    • 75% People hate performance reviews *Bersin Associates Research
    • Proof of concept c-level buyin & quick adoption startup v2
    • “Game changing management idea” startup v2
    • Seed financing $5M+ edgestone, peter thiel, & angels fund product/market fit startup v2
    • Early hires driven, smart, humble, fun general purpose initially, stars from workbrain startup v2
    • Early users 1000’s of innovative tech & creative co’s startup v2
    • Social software that makes feedback easy startup v2
    • Series A $7M round lead by Bridgescale funds for scaling the machine startup v2
    • LITTLE BITS OF SEMI-USEFUL ADVICE What I’ve learnt so far
    • Caveat “Nobody knows nothing.” * William Goldman
    • Know yourself passion ! hobbies find teachers & mentors risk sucks. love risk. useful stuff
    • Starting don’t believe your bull$#!% talk to lots of people iterate useful stuff
    • Partnerships diff. strengths + viewpoints = great decisions great b/s detector …it’s a marriage useful stuff
    • People #1 job – build a killer team A-players from the beginning exit gracefully, but exit useful stuff
    • Money dig your well before you need water build trust: create a market for you understand investors’ incentives useful stuff
    • Culture is a competitive advantage takes time to gel we try: driven, smart, humble, fun useful stuff
    • Metrics be data driven but, not too much Iterate on bigger changes useful stuff
    • Product focus on bright spots be a relentless killing machine really know your customer useful stuff
    • At work trust + transparency + autonomy = performance feedback-based learning culture the journey has to be fun useful stuff
    • resources
    • Useful? rypple.com/ddebow/sproutup We’re hiring! rypple.com/careers ddebow@rypple.com Get in touch facebook.com/debow @ddebow