Best Practices: Recognizing Great Product & Startup Ideas

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  • Title slide – some graphical element
  • Logo in top right -> “Intro to Lean”
  • Title slide – some graphical element
  • Logo in top right -> “Intro to Lean”
  • Logo in top right -> “Intro to Lean”
  • Logo in top right -> “Intro to Lean”
  • Logo in top right -> “Intro to Lean”
  • Logo in top right -> “Intro to Lean”
  • Logo in top right -> “Intro to Lean”
  • Logo in top right -> “Intro to Lean”
  • Logo in top right -> “Intro to Lean”
  • Logo in top right -> “Intro to Lean”
  • Logo in top right -> “Intro to Lean”
  • Best Practices: Recognizing Great Product & Startup Ideas

    1. 1. Recognizing and Capitalizing on Great Product and Startup Ideas Thursday, January 20, 2011 <ul><li>Started 4 ventures, Last one acquired by Yahoo!, First one by TJ Group (NASDAQ). </li></ul><ul><li>• CEO, Founder of Visual Revenue, a Predictive Analytics Company for Media </li></ul><ul><li>• Author of Data Driven Insights </li></ul>Dennis Mortensen Philip James <ul><li>Founding CEO of Snooth, the largest online wine community </li></ul><ul><li>Founder of Lot18 and Co-Founder of Gramercy Labs </li></ul><ul><li>• Climbed Everest in 2003 </li></ul>
    2. 2. Agenda <ul><li>What is Best Practices </li></ul><ul><li>Introductions </li></ul><ul><li>Sponsors </li></ul><ul><li>Intro to the topic </li></ul><ul><li>Top 5 Best Practices </li></ul><ul><li>Q & A </li></ul>[ break ]
    3. 4. Our Sponsors <ul><li>$5 off first order of $10+ </li></ul><ul><li>Coupon Code: BPNYC </li></ul>
    4. 5. It’s not the idea, it’s the execution! Google Search: “Idea Execution”
    5. 6. Success = idea x execution <ul><li>Awful Idea = -1 </li></ul><ul><li>Weak Idea = 1 </li></ul><ul><li>So-so Idea = 5 </li></ul><ul><li>Good Idea = 10 </li></ul><ul><li>Great Idea= 15 </li></ul><ul><li>Brilliant Idea = 20 </li></ul>Weak Execution = $1000 So-so Execution = $10,000 Good Execution = $100,000 Great Execution = $1,000,000 Brilliant Execution = $10,000,000 Google Search: “Idea vs. Execution” * Derek Sivers O’Reilly
    6. 7. Y Combinator: Ideas We’d Like to Fund <ul><li>So Ideas are important! </li></ul>Google Search: “Great Startup Idea”
    7. 8. Ideas Heard: Great : [In between] : Bad Dennis: Philip: Joe Survey:
    8. 9. Ideas Heard: Great : [In between] : Bad 50% Great & In between, 50% Bad Dennis: Philip: Joe Survey:
    9. 10. Ideas Heard: Great : [In between] : Bad 50% Great & In between, 50% Bad 5% Great, 90% In between, 5% Bad Dennis: Philip: Joe Survey:
    10. 11. Ideas Heard: Great : [In between] : Bad 50% Great & In between, 50% Bad 5% Great, 90% In between, 5% Bad 10% Great, 45% In between, 45% Bad Dennis: Philip: Joe Survey:
    11. 12. Ideas Heard: Great : [In between] : Bad 50% Great & In between, 50% Bad 5% Great, 90% In between, 5% Bad 10% Great, 45% In between, 45% Bad 10% Great, 38% In between, 49% Bad Dennis: Philip: Joe Survey:
    12. 13. Come out for Drinks & Ideas at Connolly’s Pub Go outside. Make a left to: 121 West 45th Street, 10036

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