5 QUESTIONS YOU NEED TO!     ANSWER BEFORE !  LAUNCHING YOUR OWN        STARTUP !                                OR!    TH...
David	  Brudö/	  	  	  	  david1	  david.brudo@gmail.com	  Ex	  b-­‐boy	  who	  turned	  to	  studying	  law,	  but	  was	...
 What’s	  the	  first	  thing	  you	  think	  about	  when	  	  	  	  	  	  you	  wake	  up	  and	  the	  last	  thing	  yo...
  	   	  1)	  What	  to	  do	  this	  weekend	  	   	   	  X)	  How	  your	  family	  is	  doing	  	   	   	  2)	  Your	  ...
You’ll	   spend	   more	   .me	  with	   your	   startup	   than	  with	   anyone	  else.	  It’s	   love	  and	   hate.	  ...
 What’s	  your	  most	  important	  superweapon?	  	                                                   	  	  Ques.on	  #2	  
  	   	  1)	  The	  USP	  of	  your	  kick-­‐ass	  product	  	  	   	   	  X)	  The	  team	  	   	   	  2)	  The	  loads	 ...
I t ’ s	   n o t	   a b o u t	   t h e	  technology.	   It’s	   not	   about	  the	   money.	   It’s	   about	  finding	   ...
 Looking	  for	  funding	  feels	  like…	                                                        	  	  Ques.on	  #3	  
  	   	  1)	  …wai.ng	  in	  the	  toilet	  line	  when	  you	       	   	   	  really	  need	  to	  go	   	  	       	   ...
Start	   fund	   raising	   way	  before	   you	   need	   it.	   Get	  investor	   feedback	   and	  adapt.	  A	  No	  is...
 Should	  you	  copy	  or	  innovate?	                                                     	  	  Ques.on	  #4	  
  	   	  1)	  Innovate	  your	  core,	  copy	  everything	  else	       	   	  X)	  Just	  run	  fast	  and	  copy	  every...
Find	   out	   fast	   what	   you’re	  g o o d	   a t ,	   f o c u s	   a n d	  i n n o v a t e	   o n 	   t h a t .	  Ou...
 When	  should	  you	  start	  selling?	                                                       	  	  Ques.on	  #5	  
  	   	  1)	  When	  you	  have	  a	  business	  plan	  	   	   	  X)	  When	  you	  have	  something	  to	  show	  	   	 ...
What	   you	   think	   you	   know	  about	   the	   market	   and	  c u s t o m e r	   a r e	   o n l y	  assump:ons.	  ...
 	  What	  it’s	  all	  about	      (Stolen	  from	  the	  Internetz)	  
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5 questions to answer before launching your startup

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5 questions to answer before launching your startup

  1. 1. 5 QUESTIONS YOU NEED TO! ANSWER BEFORE ! LAUNCHING YOUR OWN STARTUP ! OR! THE STARTUP QUIZ  Chalmers  Innova.on  Spring  Camp/May  15.2012  
  2. 2. David  Brudö/        david1  david.brudo@gmail.com  Ex  b-­‐boy  who  turned  to  studying  law,  but  was  biIen  by  the  entrepreneurial  bug  and  never  looked  back  
  3. 3.  What’s  the  first  thing  you  think  about  when            you  wake  up  and  the  last  thing  you  think            about  before  you  fall  asleep?        Ques.on  #1  
  4. 4.      1)  What  to  do  this  weekend        X)  How  your  family  is  doing        2)  Your  startup  
  5. 5. You’ll   spend   more   .me  with   your   startup   than  with   anyone  else.  It’s   love  and   hate.   It’s   ups   and  downs.   Make   sure   it’s  something  you  really  like.      Learning  #1  
  6. 6.  What’s  your  most  important  superweapon?        Ques.on  #2  
  7. 7.      1)  The  USP  of  your  kick-­‐ass  product          X)  The  team        2)  The  loads  of  cash  you  just  raised  
  8. 8. I t ’ s   n o t   a b o u t   t h e  technology.   It’s   not   about  the   money.   It’s   about  finding   a   fearless   and  humble   killer   team   that’s  commi7ed.      Learning  #2  
  9. 9.  Looking  for  funding  feels  like…      Ques.on  #3  
  10. 10.      1)  …wai.ng  in  the  toilet  line  when  you        really  need  to  go          X)  …hoping  that  the  person  before  you        in  the  toilet  line  would  really  hurry  up        2)  …and  shi]ng  your  pants  just  as  it                        becomes  your  turn  
  11. 11. Start   fund   raising   way  before   you   need   it.   Get  investor   feedback   and  adapt.  A  No  is  beIer  than  a   maybe.   Move   fast   and  establish  mul.ple  op:ons.      Learning  #3  
  12. 12.  Should  you  copy  or  innovate?      Ques.on  #4  
  13. 13.      1)  Innovate  your  core,  copy  everything  else      X)  Just  run  fast  and  copy  everything          2)  Take  the  .me  to  define  your  innova.on  
  14. 14. Find   out   fast   what   you’re  g o o d   a t ,   f o c u s   a n d  i n n o v a t e   o n   t h a t .  Outsource   or   copy   the  r e s t .   I t e r a t e   y o u r  innova.on   early   to   learn  what’s  your  core.      Learning  #4  
  15. 15.  When  should  you  start  selling?      Ques.on  #5  
  16. 16.      1)  When  you  have  a  business  plan        X)  When  you  have  something  to  show        2)  As  soon  as  you  have  an  idea  
  17. 17. What   you   think   you   know  about   the   market   and  c u s t o m e r   a r e   o n l y  assump:ons.   Start   verify  and   test   from   day   one   if  you  are  on  the  right  track.      Learning  #5  
  18. 18.    What  it’s  all  about   (Stolen  from  the  Internetz)  

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