Hardi Meybaum - GrabCAD - Estonia - Stanford Engineering - Jan 23 2012

story by Hardi Meybaum Stanford EngineeringEuropean Entrepreneurship & Innovation 1/23/2012 @hardi_meybaum @grabcad

12/2009 - The first orderLesson learned #1: don’t give up after first failure

01/2010 - The first $ order

01/2010 - The first $ orderLesson learned #2: celebrate victories - earned $25, celebration dinner $60

02/2010How to get more engineers to work on orders?

02/2010 Quit a day-job, week before 1st child was bornLesson learned #3: have a very very understanding wife

06/2010 Raised a first seed money to build a CAD LibraryLesson learned #4: raising the money from Europe is difficult and expensive

08/2010 - launched Library grabcad.com/library/bobber-bike-1Lesson learned #5: build a minimum product

09/2010 - Meet Terry grabcad.com/terry.stonehockerLesson learned #6: talk to customers

10/2010 - from static Library to community Lesson learned #7: learn how others innovate

10/2010 - moved to Bostonbooked this room for 3 months but got that one Lesson learned #8: everything is not like it appears Lesson learned #9: you are in or out, no middle choice

12/2011- raising money in US ‣ 200 investors, advisors, customers .. in 3 months ‣ 1 investor partner meeting and a noLesson learned #10: talking to people gives you lot of great feedback Lesson learned #11: raising money in US is difficult

02/2011 - what is this?

02/2011 - lets through it out thereLesson learned #12: you are not the smartest person out there

03/2011 - joined TechstarsLesson learned #13: learn from other entrepreneurs

05/2011 Challengesgrabcad.com/challenges

05/2011 - ChallengesLesson learned #14: experiment

05/2011 started A/B testingLesson learned #15: A/B test

06/2011 closed Seed Round 7 angelsLesson learned #1: don’t give up after first failure (remember the no from Partner Meeting?)

12/2011 - Remember Terry? grabcad.com/terry.stonehockernow works for top customers in mfg industry Lesson learned #6: talk to customers

1/2012 - Series A $4M from inside investorsLesson learned #16: read this blog - www.forentrepreneurs.com

and most important grabcad.com/about Lesson learned #17: the TEAM matters the most Lesson learned #18: find people you enjoy working withLesson learned #19: find people who want to learn and develop

story by Hardi Meybaum Stanford EngineeringEuropean Entrepreneurship & Innovation 1/23/2012 @hardi_meybaum @grabcad

Hardi Meybaum - GrabCAD - Estonia - Stanford Engineering - Jan 23 2012

by Burton Lee

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Hardi Meybaum - GrabCAD - Estonia - Stanford Engineering - Jan 23 2012 Presentation Transcript