How to Build a Global Phenomenon


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How to Start a Global Phenomenon 3 Months After You Graduate

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How to Build a Global Phenomenon

  1. How to Start a Global Phenomenon <br />3 Months After You Graduate<br />
  2. If you pass out now and wake up at the end…<br />
  3. SOLVE YOUR OWN PROBLEMS<br />When you see a problem in your life, that’s your new business idea.<br />When you solve one of your problems, you solve one of the problems of many other people around the world.<br />Just doing your job, filling a role, and going home isn’t good enough anymore.<br />
  4. Step 1: Be a normal, stupid person.<br />
  5. Anyone want to share something stupid you’ve done lately?<br />
  6. Here are a few of mine…<br />I was a B-student (at best) at ND<br />My last computer is somewhere on I-80<br />I got an MIP with a BAC of .04 two weeks before my 21st birthday.<br />Last year I asked a girl out having completely forgotten that I already had a date at the same place with someone else.<br />
  7. My problems<br />No idea what I wanted<br />No creative ideas to start something new<br />I got smoked in every single real interview<br />Everybody telling me to take whatever job that would have me<br />Basically, I was really pissed off, so I did something about it.<br />
  8. What I’ve done:<br />
  9. Problem: It’s hard to connect with people who can help me start and grow my own company.<br />Solution: Get the best startup events in your area in 33 cities around the world<br />Press coverage & growth<br />Revenue is sexy<br />Kauffman investment<br />
  10. Step 2: When you solve your own problem, you have a business.<br />
  11. What pisses you off here?<br />Choosing classes?<br />Off-campus housing?<br />What else?<br />
  12. Bad Problem Solving Example<br />“I’m going to build a social network for Notre Dame Football Fans”<br />Will it make tickets cheaper? Will it make us not suck?<br />If you don’t solve a problem, you don’t have a business.<br />Solving your own problem is hard enough, so don’t bother trying to solve someone else’s.<br />
  13. Good Problem Solving Example<br /> Problem: I am starving. Right now.<br /> Solution: Someone bring me a tasty sandwich as soon as is humanly possible. It doesn’t have to be the best sandwich I’ve ever had. <br />Just get it here. Now.<br />
  14. To plan your solution, borrow from the people who are a lot smarter than you are.<br />Step 3:Borrow from people who are smarter than you are.<br />
  15. $10M rev<br /> in 2010<br />Sold for $125M to Comcast in 2008<br />
  16. “You just stole the TechCrunch logo and just put brackets on it! #FAIL”<br />- First reader comment on TechCrunch article<br />
  17. Tell your solution to everyone.<br />Step 4: Talk to everyone about your problem and your solution.<br />
  18. If you think your idea is worth anything, you’re an idiot.<br />
  19. You need to find out:<br />How big the problem you are solving is<br />Who else shares your problem<br />How much (or if) they will pay to have that problem solved for them<br />If you are actually solving another problem while you are solving your problem (like [Startup Digest] is)<br />
  20. Tips for growing<br />For the love of God, keep everything simple<br />Smoke and mirrors (or, let’s be honest, lying)<br />Social proof<br />Short cold emails will take you to DC, Dubai<br />ONE and ONLY ONE call to action<br />The art of email follow-up<br />
  21. “Blame nobody. Expect nothing. Do something.” – Bill Parcells<br />Step 5: Put everything on you.<br />
  22. What are you scared of?<br />
  23. Covering costs<br />My living expenses: $2000 per month<br />So, I need to make $500 per week<br />
  24. Ways to make $500 per week<br />Walk down your street and work part-time for the bar, deli, restaurant or gym<br />Grab a gig off of Craigslist to tutor, write, consult, and dog-sit three days per week<br />Use Twitter to find a cool company whose product a badger could sell (like Wildfire)<br />
  25. The Point: Making $500 per week is NOT hard.<br />
  26. What you’re really scared of is what you would do if everything you did was completely up to you.<br />
  27. But everything must be up to you.<br />It’s the fastest way to learn:<br />What you’re good at<br />What you suck at<br />Where you want to be<br />What and who you really care about<br />What you are capable of<br />“We regret the things we don’t do more than the things we do.” – Mark Twain<br />
  28. You have no idea what you’re capable of until you try.<br />(Just knowing is such a good feeling.)<br />
  29. You have NOTHING to lose.<br />(For now…)<br />
  30. “Remembering that you are going to die one day is the best way I know to avoid the trap of thinking you have something to lose. You are already naked. There is no reason not to follow your heart.”<br />Steve Jobs (you better know who he is)<br />
  31. Still, most of you will go work for someone else and you won’t love what you’re doing. <br />
  32. Your life after graduation will SUCK.<br />
  33. What the hell is your problem?<br />(Seriously, tell me why.)<br />
  34. FIX WHAT PISSES YOU OFF!<br />(If nothing pisses you off yet, you need to read more stuff.)<br />
  35. Just doing your job and pushing through your problemsisn’t good enough anymore.Solve them.<br />
  36. So, if you won’t solve your problems for yourself, do it for the world.<br />
  37. 3 Pulitzers Can’t Be Wrong<br />We need to get millions of American kids, not just the geniuses, excited about innovation and entrepreneurship again.<br />We need to make 2010 the year of innovation, the year of making our pie bigger, the year of “Start-Up America.”<br />
  38. 0.1% = 30%<br />Kauffman Foundation Study:<br />High-growth entrepreneurs (problem solvers) make up 0.1% of the population<br />Their solutions and the people they employ account for 30% of the US GDP <br />
  39. Start solving problems.NOW<br />
  40. The world needs us.<br />
  41. bmcmanus@alumni.nd.eduEmail me for ideas, jobs, startup connections, reading lists, and to explain why you’re not doing what you want to do.<br />