Quick review of prior material Personal Wealth Non disclosure agreement (NDA) Debt financing Contracts Equity financing Incorporation Fundraising rounds Sole proprietorship Friends and family round Partnership Angel round C-corporation Super angles Venture capitalist LLC Series A, B, C… etc S-corporation Cramdown rounds Liability shield Convertible Notes Stock and shares Exit Common stock IPO Preferred stock Acquisition Stock options Lifestyle business Vesting The startup lifecycle Venture capital history Dilution Equity and dilution calculators Patents Capitalization tables Crowd funding Competitions and grants Incubators
Team and Finding Co-founders The team is the absolute most important thing in a startup Team problems tend to destroy startups Best case is to work with people you already know and have relationships with Classmates, friends, etc. Vet others and their skill by doing small projects Many times, swapping part of your time for part of his/her time works well and transitions into joining forces
Here’s a reminder of what we went throughSession Topic 1 Context of Web Startups, The Lean Startup 2 Pitches, Business Planning 3 Product Design: Planning and UX 4 Website Introduction, CMS tools 5 Coding Basics, Frontend programming 6 Backend programming, comparison of frameworks 7 Servers, Deployment, Release cycles, project management 8 Marketing, user acquisition, analytics 9 Legal, Finance and Incubation 10 Final Project Presentations, wrap-up
Homework Start your own startup If you have time, watch this video:http://www.youtube.com/watch?v=jSlwuafyUUo&feature=gv&hl=en#!