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What The Hell Is A Tech Startup?
Anthony FrasierFounder, The Phat StartupPartner, BrickCity Tech / ConvergeI founded Playd, an app that allowed gamers to s...
Lets Check Out Some  DEFINITIONS
“A startup is a human  institution designed to deliver a new product orservice under conditions of   extreme uncertainty.”...
“A startup is an organization   formed to search for a  repeatable and scalable      business model.”                - Ste...
So, which definition is the right one?
So, which definition is the right one?    I SAY BOTH.
We come up with new ideas all the time. But, we aren’t alwayssure if it will make money and solve a real problem for a hug...
We also wantto change theWorld.
That’s what a tech startup is all about.
Square makes it easy foranyone to accept credit cardpayments from their mobilephone.
Square makes it easy foranyone to accept credit cardpayments from their mobilephone.Huge problem
Square makes it easy foranyone to accept credit cardpayments from their mobilephone.Huge problemHuge market
Airbnb makes it easy foranyone to find or host a placefor people to stay.
Airbnb makes it easy for               anyone to find or host a place               for people to stay.Huge problem
Airbnb makes it easy for               anyone to find or host a place               for people to stay.Huge problemHuge ma...
Everybodyisn’t so lucky.
75% of startups fail.
Quora: Reasons Startups Fail1. Not enough people know about the created product. The people whoknow about it dont understa...
Quora: Reasons Startups Fail1. Not enough people know about the created product. The people whoknow about it dont understa...
Quora: Reasons Startups Fail1. Not enough people know about the created product. The people whoknow about it dont understa...
Quora: Reasons Startups Fail1. Not enough people know about the created product. The people whoknow about it dont understa...
What kind of people create tech startups?
What kind of people create tech startups?        Crazy people.
What kind of people create tech startups?        Crazy people.                      You have to be crazy enough to think i...
It’s always a risk.
Anyone can create a tech startup, all you need is the right             skills and/or the right team.
I like Dave McClure’s formula:Hacker + Hustler + Designer = Startup
HackerSomebody whocan code andprototype.
HustlerSomeone whocan sell andmake the rightconnections.
DesignerSomeone whomakes sure it’susable and looksgood.
As a founder you may wear multiple hats at different                      times.
You should still learn to prototype.                   “Learn how to hack something                   together so that you...
What about money? Startups are funded several ways.
Bootstrap  You can fund your company with money    out of your own pocket or from friends        and family. Some startups...
CrowdfundingWith crowdfunding a largegroup of people can cometogether to help fund yourproject. Supporters don’tusually ge...
Angel InvestorAn angel investor, helpsyou get the cash to launchor grow at an early stage.The angel usually getsequity and...
Venture CapitalVC funds invest larger amounts of money than angel investments. Ifyour business is off the ground and you n...
Books you should read!
Thanks!                          Come check me out at:                          anthonyfrasier.com &                      ...
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What the hell is tech a startup?

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I put this presentation together because I kept getting asked what a tech startup was. I realized if the mission we had with The Phat Startup was ever going to create entreprenerus instead of just entertaining the ones that already exsist, we had to educate. So here is a general description of a tech startup that I will use to speak to people in urban communities.

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Transcript of "What the hell is tech a startup?"

  1. 1. What The Hell Is A Tech Startup?
  2. 2. Anthony FrasierFounder, The Phat StartupPartner, BrickCity Tech / ConvergeI founded Playd, an app that allowed gamers to sharetheir activity across multiple platforms. I was featured on“CNN’s Black in America: The New Promised Land -Silicon Valley.” I also made NBC The Grio’s 100: MakingHistory Today list. Was featured in Tech Crunch, CNNMoney, Black Enterprise, and speak at various industryevents.
  3. 3. Lets Check Out Some DEFINITIONS
  4. 4. “A startup is a human institution designed to deliver a new product orservice under conditions of extreme uncertainty.” - Eric Ries
  5. 5. “A startup is an organization formed to search for a repeatable and scalable business model.” - Steve Blank
  6. 6. So, which definition is the right one?
  7. 7. So, which definition is the right one? I SAY BOTH.
  8. 8. We come up with new ideas all the time. But, we aren’t alwayssure if it will make money and solve a real problem for a huge amount of people.
  9. 9. We also wantto change theWorld.
  10. 10. That’s what a tech startup is all about.
  11. 11. Square makes it easy foranyone to accept credit cardpayments from their mobilephone.
  12. 12. Square makes it easy foranyone to accept credit cardpayments from their mobilephone.Huge problem
  13. 13. Square makes it easy foranyone to accept credit cardpayments from their mobilephone.Huge problemHuge market
  14. 14. Airbnb makes it easy foranyone to find or host a placefor people to stay.
  15. 15. Airbnb makes it easy for anyone to find or host a place for people to stay.Huge problem
  16. 16. Airbnb makes it easy for anyone to find or host a place for people to stay.Huge problemHuge market
  17. 17. Everybodyisn’t so lucky.
  18. 18. 75% of startups fail.
  19. 19. Quora: Reasons Startups Fail1. Not enough people know about the created product. The people whoknow about it dont understand the product. The people whounderstand it dont want it.
  20. 20. Quora: Reasons Startups Fail1. Not enough people know about the created product. The people whoknow about it dont understand the product. The people whounderstand it dont want it.2. Management teams lack flexibility to change direction when needed.
  21. 21. Quora: Reasons Startups Fail1. Not enough people know about the created product. The people whoknow about it dont understand the product. The people whounderstand it dont want it.2. Management teams lack flexibility to change direction when needed.3. Resources (funding/time/labor) are managed poorly.
  22. 22. Quora: Reasons Startups Fail1. Not enough people know about the created product. The people whoknow about it dont understand the product. The people whounderstand it dont want it.2. Management teams lack flexibility to change direction when needed.3. Resources (funding/time/labor) are managed poorly.4. Inability or failure to obtain and/or maintain sufficient capital (for avariety of reasons), whether or not managed poorly
  23. 23. What kind of people create tech startups?
  24. 24. What kind of people create tech startups? Crazy people.
  25. 25. What kind of people create tech startups? Crazy people. You have to be crazy enough to think it will work.
  26. 26. It’s always a risk.
  27. 27. Anyone can create a tech startup, all you need is the right skills and/or the right team.
  28. 28. I like Dave McClure’s formula:Hacker + Hustler + Designer = Startup
  29. 29. HackerSomebody whocan code andprototype.
  30. 30. HustlerSomeone whocan sell andmake the rightconnections.
  31. 31. DesignerSomeone whomakes sure it’susable and looksgood.
  32. 32. As a founder you may wear multiple hats at different times.
  33. 33. You should still learn to prototype. “Learn how to hack something together so that you can get people interested in your idea, your project, your startup. If you can do that, then you have a better chance of success.” -Fred Wilson
  34. 34. What about money? Startups are funded several ways.
  35. 35. Bootstrap You can fund your company with money out of your own pocket or from friends and family. Some startups with a good business model and market can fund themselves from day one.
  36. 36. CrowdfundingWith crowdfunding a largegroup of people can cometogether to help fund yourproject. Supporters don’tusually get equity or stock inyour company. As this sourceof funding becomes morepopular, that may change.
  37. 37. Angel InvestorAn angel investor, helpsyou get the cash to launchor grow at an early stage.The angel usually getsequity and ownership inreturn for theirinvestment. Angels canbe any person of wealth.They are also a goodsource of contacts andadvice.
  38. 38. Venture CapitalVC funds invest larger amounts of money than angel investments. Ifyour business is off the ground and you need money to expand, you will most likely seek these larger firms. They also take bigger amounts of equity and control.
  39. 39. Books you should read!
  40. 40. Thanks! Come check me out at: anthonyfrasier.com & ThePhatStartup.comAnthony Frasierinfo@anthonyfrasier.com@anthonyfrasier
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