• Share
  • Email
  • Embed
  • Like
  • Save
  • Private Content
Co-Founders - short lessons learned
 

Co-Founders - short lessons learned

on

  • 8,781 views

 

Statistics

Views

Total Views
8,781
Views on SlideShare
8,014
Embed Views
767

Actions

Likes
24
Downloads
99
Comments
1

10 Embeds 767

http://www.dex.io 666
http://www.heisse-luft.at 37
http://dex.io 20
https://si0.twimg.com 12
http://www.linkedin.com 11
http://localhost 9
https://twitter.com 6
https://twimg0-a.akamaihd.net 3
https://www.rebelmouse.com 2
http://dest.soup.io 1
More...

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel

11 of 1 previous next

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
  • If you liked this, you'll love billionairesbrain.com ..
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

    Co-Founders - short lessons learned Co-Founders - short lessons learned Presentation Transcript

    • Co-Founders Lessons Learned @andreasklinger
    • Co-Founders#1 searching#2 considering#3 joining#4 working(short lessons learned)
    • @andreasklinger TL;DR: I do startups…LOOKK.com, die.socialisten.at, seedcamp mentor, leancamp fanboy Slides: http://www.slideshare.net/andreasklinger
    • #1 searching @andreasklinger
    • Searching sucks.
    • Waiting sucks.
    • Being dependent sucks.
    • If I find a technicalco-founder…
    • There is no “if” inentrepreneurialgrammar.And there istoo much stuff to doto wait or just search…
    • Startup phases… Discovery Validation Efficiency Scale AcquisitionProblem/Solution Company building Product/Market Source: Steve Blank’s Customer Development
    • Startup phases… Discovery Validation Efficiency Scale Acquisition Problem/Solution Company building Product/Market “Talking” Land(problem validation, first customers)
    • Startup phases… Discovery Validation Efficiency Scale Acquisition Problem/Solution Company building Product/Market “Talking” Land “Public Hacked(problem validation, Prototype Land” first customers) (solution validation, more customers)
    • Startup phases… Discovery Validation Efficiency Scale Acquisition Problem/Solution Company building Product/Market “Talking” Land “Public Hacked “Fix that crap” Land(problem validation, Prototype Land” (Becoming a real first customers) (solution validation, product and more customers) company, Fixing legacy, Channel optimization)
    • Startup phases… Discovery Validation Efficiency Scale Acquisition Problem/Solution Company building Product/Market “Talking” Land “Public Hacked “Fix that crap” Land “Mystery Land”(problem validation, Prototype Land” (Becoming a real (Fighting Dragons, first customers) (solution validation, product and Saving princesses, more customers) company, etc) Fixing legacy, Channel optimization)
    • Startup phases… Discovery Validation Efficiency Scale5-7 Months 3-5 Months Source: Startup Genome Project
    • Startup phases…Discovery Validation Efficiency Scale Enough time to kill your first startup idea. You can do dozens ofiterations of your potential problem and solutionwithout ever touching code. Source: Startup Genome Project
    • How to kill yourfirst 100 startupideas…CustDev is themost efficient way visualizing the solutionto kill your dreams. without biasing customersEver. committing customers testing the solution ( www.Keynotopia.com )
    • Learncoding.Coding is not a sacred art, it’s a craft.
    • Learncoding.Coding is not a sacred art, it’s a craft.Everyone can learn to code on“hacky prototype level”.
    • GetClients.Money talks.
    • GetTraction.There are millions of reasonsfor not having traction.But none of them is an excuse.
    • Good problemsto have:“I got clients’ money, I need developmentsupport” (real)“My hacked-together prototype gets toomuch traffic, can you help me” (concrete)
    • #2 considering @andreasklinger
    • Beforeyou join:Write downyour first impressions and concerns.Positive and negative.Revise this every two weeks.People don’t change &Your gut is always right.
    • Beforeyou join:Have a VERY honest talkabout WHY each of youwants to do that startup.
    • Keeping the product abstracthelps in that talk.Goal: Find real intrinsic motivation
    • E.g.Becoming known in the startup “scene”.Making money.Being known worldwide.Building software people use.Coding in that new language.Being innovativeHelping underdogs.Sounds more fun than my agency job.Play the VC/Startup game.
    • Why?Intrinsic Motivationaffects Values and Comfort Zone.Both affect Strategies.People only do what people like to do.
    • See finding a co-founderas hiring process.It’s the most expensive jobof the company. (equity intense)Still people spend less time on assessingtheir co-founders than their employees.Why?
    • StartLoose…Loose projects…Loose contracts…Loose hopes…Loose (but honest) or no promises…
    • #3 joining @andreasklinger
    • Co-Founding~= Marriage54% of all marriages end in divorce.
    • Co-Founding~= Marriage54% of all marriages end in divorce.Set up vesting.
    • Co-Founding~= Marriage54% of all marriages end in divorce.Set up vesting (with 6-12 month cliff).
    • Co-Founding~= Marriage54% of all marriages end in divorce.Set up vesting (with 6-12 month cliff).(seriously do it)
    • #4 working @andreasklinger
    • ClearLeadership“Some startup founder teams have a unified vision. Most have one strong leader.” ~ Devin Hunt
    • ClearLeadership“Some startup founder teams have a unified vision. Most have one strong leader.” ~ Devin HuntBe clear who defines (and changes) the vision.Be clear about who decides in the end, if needed.Don’t confuse common agreement with democracy.
    • Make communicationa habit.Daily calls.Weekly progress check.Clear process for each of them
    • Make communicationa habit.Daily calls.Weekly progress check.Clear process for each of themE.g. Daily calls(only one person talks at a time, 10 mins max, discussions are done in a seperate call):1) What did i do today2) What am i going to do tomorrow3) Problems i face4) Announcements5) Ways i found to improve (e.g. myself) [idea by buffer]
    • Co-Founders#1 searching#2 considering#3 joining#4 working(short lessons learned)
    • recommended presentations by @robfitz on custdev/lean: http://leanca.mp/2012/01/intro-to-lean-startup-with-no-buzzwords-by-robfitz/http://thestartuptoolkit.com/blog/2012/05/how-to-do-and-what-to-expect-from- early-stage-customer-development-sales/ Pictures by “Where the Wild Things Are” by Warner Bros http://www.imdb.com/title/tt0386117/
    • And if they haven’t killed each other they are livinghappily ever after… @andreasklinger