Random Presentation - Stanford Innovation Group (2011)Presentation Transcript
Random Presentation #1 @Stanford Chris McCann
Why is this the Random Presentation? · How to prepare for entrepreneurship in university (what really matters, e.g. doing stuff, meeting cool people, or what not) · Team-building for startups from a college perspective · Practical startup advice: what you need to do concretely to get started with an idea, e.g. start going out to talk to people · Along a similar note, easy pitfalls to avoid when first starting, e.g. stealth :P (up to you whether you think that’s bad) · How to build a great product · Or the one that always works: your life story and lessons learned J
Team Building in College Work with others in a limited “startup environment” Hackatons User Groups BASES & SSE Labs Startup Weekend Weekend Projects
How to get an idea? How do you get your first (good) startup idea? Copy Others (Groupon, Twitter, etc) Real problem of yours Real problem of others Keep a journal and take lots of showers/naps
First Investor, Mentor? How do you find and really connect with your first investor/mentor? Ask for advice = money Participate & lead lots of outside activities General get involved Ride on a larger brand
Should you be a Stealth Startup? No > http://www.humbledmba.com/startups-in-stealth-mode-need-one-piece-of-ad Unless, if and only if, you are working on a heavy science oriented/patentable technology
Startup vs. Large Company? Steve Blank & Mark Suster > If you consider a big company, you are not an entreprenuer Marc Andreeseen & Russel Bik > need experience in a big co, to build a big co. No right answer. It’s all a highly personal decision.
Startup vs. Large Company? Startup No personal liabilities Faster learning curve More contribution Less salary More independence No hand holding Large Company
Lower upward velocity
Great Product No enough slides to cover this. Sorry.
What really matters? Meat of this presentation. Tactical vs. Inspirational.
What really matters? Inspirational – get you started Tactical – solves real problems Very small number people who get in the pool, very small number of those know how to actually swim. People swimming don’t have time to teach you how to swim.
Archiving the worlds startup knowledge Topics: Fundraising, Hiring, Ideation/Co-Founders Upcoming: Design, iPhone Dev, Viral Acq, Gameification, Lean Startup, etc.
Questions? Chris McCann @Mccannatron Chris@startupdigest.com