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

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

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

    • 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