Crowdsource Your Startup for the IDEA CHALLENGE
This document outlines Plan B, which is to crowdsource your startup rather than seek traditional funding. It recommends bootstrapping and focusing on customers and product over business plans and pitches. It suggests acting smarter by being lean, agile and validating ideas with customers. It also recommends moving faster by distributing content socially, shipping features not code using cloud services, and scaling execution through crowdsourcing. The document promotes building stronger by closing deals easily with a public killer pitch, using equity like cash, and becoming independent from investors. It introduces Startup as a Service and the IDEA CHALLENGE to crowdsource 200 tasks, 1500 services and 100,000 skills through the UFOstart platform.
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Crowdsource Your Startup for the IDEA CHALLENGE
- 1. Plan B Crowdsource your startup IDEA CHALLENGE @ThomasHessler Dad, Investor, Founder @ UFOstart, Globumbus, zanox #EBSpreneurship
- 3. What % of ALL start-ups get funding? http://www.quora.com/What-percentage-of-ALL-start-ups-raise-angel-seed-VC-funding
- 10. Moneyball for startups ● Forget Business Plans ● Forget Demo Days ● Forget Pitching for Funding ● Focus on Bootstrapping, Customers & Product ● Show traction with numbers
- 11. Plan B Bootstrapping: ● Act Smarter ● Move Faster ● Build Stronger
- 13. Act Smarter - Lean, Agile, Pivot - Validate by Customers - Use Crowd Power - Make Meaning
- 14. Move Faster - Distribute social & viral - leverage Facebook, LinkedIn, Twitter... - Ship features NOT code - use cloud services & PAAS - Scale execution by crowdsourcing workforce - Stay agil to pivot by quarterly fundraising
- 15. Build Stronger - Close deals easy with a public Killer Pitch - Use Equity as your Cash - Ownership creates passionate employees - Become Independent from investors by reducing your cash needs by 80%
- 17. Startup as a Service ● ● ● ● 200 example tasks 1500 crowd- /cloud services 100000 skills Templates like receipes #Crowdsource your startup & win the IDEA CHALLENGE
- 18. How to start on UFOstart? Demo
- 27. Action & Contact Signup & Setup your Project on UFOstart.com If you liked it, follow us on Twitter: @UFOstart UFOstart AG Berlin | Potsdamer Platz 10 | 10785 Germany Co-Founder Lars Schulze | CMO/CSO | lars.schulze@ufostart.com Jens Hewald | CTO | jhe@globumbus.com Heiko Rauch | CFO/COO | hra@globumbus.com Thomas Hessler | CEO | the@globumbus.com