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Class	
  3	
  


                 	                           	  	 
                                        	 
                                    

Antofagasta,	
  Chile,	
  June	
  2011	
  
www.de-­‐pe.com	
  	
  @depeteam	
  



With	
  the	
  Support	
  of:	
  




                                                     1	
  
•  Coming	
  up	
  with	
  a	
  new	
  idea	
  is	
  hard	
  
•  Napkin	
  Entrepreneurs	
  
•  The	
  IDEA	
  GeneraHon	
  Process	
  
    –  Brainstorming	
  
    –  Traps	
  
    –  IDEO	
  Method	
  
    –  Start	
  Asking	
  QuesHons	
  
    –  StarHng	
  Points	
  
    –  Idea	
  vs.	
  Opportunity	
  
•  Teams	
  
    –  Successful	
  startup?	
  	
  
People	
  believe	
  
that	
  coming	
  up	
  
 with	
  ideas	
  for	
  
startups	
  is	
  very	
  
        hard.	
  
Overvalue	
  ideas	
  


                              Most	
  startups	
  end	
  up	
  
                              nothing	
  like	
  the	
  ini>al	
  
                                         idea.	
  	
  
It’s	
  not	
  a	
  blueprint	
  
                                              It’s	
  a	
  ques>on.	
  	
  
Paul	
  Graham,	
  Founder	
  of	
  YCombinator	
  
New	
  technologies	
     The	
  Right	
  Friends	
  




                New Startup Idea
Napkin	
  Projects	
  
"The	
  best	
  way	
  
to	
  get	
  a	
  good	
  
idea	
  is	
  to	
  get	
  a	
  
lot	
  of	
  ideas."	
  -­‐
Linus	
  Pauling	
  
•  Brainstorming	
  (Business	
  Idea)	
  
    –  Start	
  with	
  a	
  topic	
  
    –  Ideas	
  are	
  cheap	
  and	
  dont	
  get	
  to	
  hung	
  over	
  by	
  	
  them	
  
    –  Time	
  limit	
  (discipline)	
  
    –  Generate	
  as	
  many	
  ideas	
  as	
  possible,	
  forget	
  about	
  
       constraints	
  
    –  Select	
  the	
  best	
  3	
  ideas	
  from	
  the	
  list,	
  and	
  select	
  the	
  best	
  
       based	
  on	
  debate	
  and	
  discussion.	
  
    –  Impose	
  constraints	
  on	
  the	
  best	
  idea	
  
    –  Ask	
  the	
  group	
  about	
  the	
  Business	
  Model	
  Modules	
  (point	
  8)	
  
    –  Prototype	
  (first	
  MVP)	
  
Having	
  an	
  Idea	
  &	
  	
  Surviving	
  the	
  Plateau	
  
People	
  Centered	
  Design	
  
1. Wherever	
  my	
  entrepreneurial	
  passions	
  lead	
  me	
  
2. Any	
  trade	
  show	
  in	
  an	
  aXracHve,	
  recession-­‐resistant	
  industry	
  (food,	
  energy,	
  
   water	
  purificaHon	
  technology,	
  health,	
  computer	
  services,	
  Internet,	
  or	
  digital,	
  
   wireless,	
  mobile,	
  and	
  personal	
  devices—use	
  your	
  imaginaHon)!	
  
3. Real	
  estate	
  and	
  business	
  opportuniHes	
  in	
  Investor’s	
  Business	
  Daily,	
  Banker	
  and	
  
   Tradesman,	
  and	
  the	
  Wall	
  Street	
  Journal	
  
4. Franchising	
  trade	
  shows	
  
5. Recognizing	
  and	
  borrowing	
  other	
  companies’	
  best	
  pracHces	
  
6. Magazines	
  and	
  catalogs	
  such	
  as	
  Inc.,	
  Entrepreneur,	
  MIT	
  Technology	
  Review,	
  
   Popular	
  Electronics,	
  the	
  Edmund	
  ScienHfic	
  catalog,	
  and	
  the	
  like	
  
7. Unstoppable	
  world	
  trends,	
  for	
  example,	
  energy	
  shortages,	
  the	
  commercializing	
  
   of	
  Asia,	
  populaHon	
  and	
  demographics,	
  the	
  increasing	
  U.S.	
  naHonal	
  debt,	
  global	
  
   warming,	
  and	
  the	
  lieoff	
  of	
  digital,	
  wireless,	
  mobile,	
  and	
  personal	
  devices	
  	
  
8. AcquisiHon	
  of	
  a	
  sustainable	
  business	
  at	
  a	
  distressed	
  price	
  
9. AcquisiHon	
  of	
  mulHfamily	
  real	
  estate	
  at	
  a	
  distressed	
  price.	
  
10. Traveling	
  the	
  world	
  and	
  just	
  observing	
  with	
  my	
  value-­‐adding,	
  innovaHve	
  
   mindset	
  
You	
  can't	
  start	
  with	
  randomness.	
  
You	
  have	
  to	
  start	
  with	
  a	
  problem	
  	
  


                                         Finding	
  a	
  problem	
  
                                         intolerable	
  and	
  
                                         feeling	
  it	
  must	
  be	
  
                                         possible	
  to	
  solve	
  =>	
  
                                         recipe	
  for	
  a	
  lot	
  of	
  
                                         startup	
  ideas.	
  
Look	
  at	
  stuff	
  people	
  use	
                 Henry	
  Ford's	
  plan	
  
now	
  that's	
  broken.	
  	
  
 Da>ng	
  sites	
  	
  




                                               Take	
  a	
  luxury	
  and	
  make	
  
                                               it	
  into	
  a	
  commodity	
  
Problem:	
  Things	
  are	
  too	
  expensive	
  
Redefini>on:	
  Make	
  things	
  cheaper	
  -­‐	
  >	
  make	
  
things	
  easier	
  -­‐>	
  	
  make	
  things	
  easier	
  to	
  use.	
  



                                                            Simplicity	
  
                                                            takes	
  effort-­‐-­‐	
  
                                                            genius,	
  even.	
  	
  
The	
  most	
  producHve	
  way	
  to	
  generate	
  startup	
  ideas	
  
is	
  also	
  the	
  most	
  unlikely-­‐sounding:	
  by	
  accident.	
  




Steve	
  Wozniak	
  
wanted	
  to	
  build	
  
microcomputers	
  

                                             Personal	
  collec>on	
  
                                                  of	
  links	
  
Pain>ng	
  




                             Coding	
  
Absorb	
  &	
  Apply	
  




                                                                Andy	
  Wilson,	
  
                                                                Boston	
  Duck	
  
                                                                Tours	
  

Keep	
  it	
  legal!	
  	
  And	
  remember	
  it	
  is	
  a	
  two-­‐way	
  street!	
  
fi             	                               	           	               	                   	                    	 
	                  	              	         	                     	                	                    	         	 
          	  	                         	                            	               	                               	 
           
                                                                              -­‐	
  Donald	
  Trump	
  
How	
  can	
  you	
  know	
  in	
  advance	
  whether	
  
your	
  idea	
  is	
  just	
  another	
  rough	
  thought	
  
  or	
  truly	
  presents	
  an	
  opportunity	
  to	
  
         build	
  a	
  successful	
  business?	
  	
  
                                	
  
 
Look	
  at	
  each	
  idea	
  and	
  ask:	
  
1.  Is	
  this	
  a	
  good	
  business	
  from	
  the	
  perspecHves	
  
    of	
  revenue	
  growth	
  and	
  posiHve	
  cash	
  flow?	
  	
  
2.  Is	
  this	
  a	
  business	
  that	
  will	
  capture	
  my	
  
    passions?	
  	
  
3.  Can	
  I	
  add	
  unique	
  customer	
  value	
  to	
  the	
  
    business?	
  	
  
4.  Will	
  this	
  business	
  survive	
  and	
  thrive	
  in	
  difficult	
  
    economic	
  Hmes?	
  
•    What	
  is	
  the	
  market?	
  
•    Who	
  is	
  the	
  customer?	
  
•    What	
  is	
  the	
  problem?	
  
•    What	
  are	
  the	
  current	
  
     soluHons?	
  




                              The	
  opportunity	
  
•  Select	
  one	
  
   and	
  only	
  
   one	
  
   opportunity	
  
•  Don't	
  try	
  to	
  
   boil	
  the	
  
   ocean.	
  Only	
  
   do	
  one,	
  
   narrow	
  
   thing	
  and	
  do	
  
   it	
  well.	
  	
  
-­‐	
  Donald	
  Trump	
  
1. Start	
  with	
  good	
  people,	
  	
  
2. Make	
  something	
  
   customers	
  actually	
  want,	
  	
  
3. Spend	
  as	
  liXle	
  money	
  as	
  
   possible.	
  
Class	
  3	
  




                          45	
  
1.  Equipo	
  1	
                        1.  Equipo	
  3	
  
                                              –     Fabiola	
  Flores	
  
    –    Jaime	
  Michea	
                    –     Paulina	
  Silva	
  
    –    Mauricio	
  Basaure	
                –     David	
  Salas	
  
    –    Andrea	
  Carvajal	
                 –     Ronald	
  Yañez	
  
    –    Rodrigo	
  Baeza	
              2.  Equipo	
  4	
  
                                              –     Gilberto	
  Alvarez	
  
    –    FoHs	
  Layera	
                     –     Ljubica	
  Sukno	
  
2.  Equipo	
  2	
                             –     Javier	
  Cruz	
  
                                              –     Nelson	
  Herrera	
  
    –    Angelina	
  Figueroa	
  
                                         •     Equipo	
  5	
  
    –    Chester	
  Peña	
                    –     Eduardo	
  Pizarro	
  
    –    Guido	
  Mena	
                      –     Ivan	
  García	
  
    –    Humberto	
  Gonzalez	
               –     Miguel	
  Jimenez	
  
                                              –     Evelyn	
  Contreras	
  
    –    Merylen	
  Córdova	
                 –     Renato	
  Cortés	
  
•  Brainstorming	
  (Business	
  Idea)	
  
    –  Start	
  with	
  a	
  topic	
  
    –  Ideas	
  are	
  cheap	
  and	
  dont	
  get	
  to	
  hung	
  over	
  by	
  	
  them	
  
    –  Time	
  limit	
  (discipline)	
  
    –  Generate	
  as	
  many	
  ideas	
  as	
  possible,	
  forget	
  about	
  
       constraints	
  
    –  Select	
  the	
  best	
  3	
  ideas	
  from	
  the	
  list,	
  and	
  select	
  the	
  best	
  
       based	
  on	
  debate	
  and	
  discussion.	
  
    –  Impose	
  constraints	
  on	
  the	
  best	
  idea	
  
    –  Ask	
  the	
  group	
  about	
  the	
  Business	
  Model	
  Modules	
  (point	
  8)	
  
    –  Prototype	
  (first	
  MVP)	
  
•    ObjeHvo:	
  Brainstorm	
  el	
  nombre	
  de	
  cada	
  equipo	
  
•    Comiencen	
  el	
  tema	
  claro	
  
•    EsHren	
  los	
  músculos	
  de	
  su	
  mente	
  
•    Enumeren	
  y	
  escriban	
  sus	
  ideas	
  
•    Dejen	
  claras	
  las	
  reglas	
  (usen	
  herramientas)	
  
•    Enfóquense	
  en	
  el	
  tema	
  
•    Mantengan	
  el	
  momentum!	
  
•    Todos	
  parHcipan	
  
•    Elijan	
  al	
  presentador	
  del	
  Brainstorm	
  
•    Tienen	
  15	
  mins	
  para	
  terminar	
  
•    Luego	
  2	
  mins	
  para	
  presentar	
  el	
  nombre	
  del	
  equipo!!	
  
•  Idea	
  GeneraHon	
  –	
  use	
  to	
  consult	
  for	
  random	
  
   associaHons.	
  	
  This	
  is	
  great	
  because	
  it	
  gives	
  you	
  
   combinaHons	
  of	
  terms	
  that	
  are	
  usually	
  
   unrelated	
  
    –  hXp://www.tdbspecialprojects.com/	
  
        •  e.g.	
  spasmodic	
  mercenary	
  sportswear	
  
•    #1-­‐	
  ECO-­‐DRIVERS	
  
•    #2-­‐	
  ALADINO	
  
•    #5-­‐	
  R.I.	
  ENTERTAINMENT	
  
•    #3-­‐	
  DREAMS	
  WITHOUT	
  LIMITS	
  

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Course 3 1st session idea-generation

  • 1. Class  3   Antofagasta,  Chile,  June  2011   www.de-­‐pe.com    @depeteam   With  the  Support  of:   1  
  • 2.
  • 3. •  Coming  up  with  a  new  idea  is  hard   •  Napkin  Entrepreneurs   •  The  IDEA  GeneraHon  Process   –  Brainstorming   –  Traps   –  IDEO  Method   –  Start  Asking  QuesHons   –  StarHng  Points   –  Idea  vs.  Opportunity   •  Teams   –  Successful  startup?    
  • 4.
  • 5. People  believe   that  coming  up   with  ideas  for   startups  is  very   hard.  
  • 6. Overvalue  ideas   Most  startups  end  up   nothing  like  the  ini>al   idea.    
  • 7. It’s  not  a  blueprint   It’s  a  ques>on.    
  • 8. Paul  Graham,  Founder  of  YCombinator  
  • 9. New  technologies   The  Right  Friends   New Startup Idea
  • 10.
  • 12.
  • 13. "The  best  way   to  get  a  good   idea  is  to  get  a   lot  of  ideas."  -­‐ Linus  Pauling  
  • 14. •  Brainstorming  (Business  Idea)   –  Start  with  a  topic   –  Ideas  are  cheap  and  dont  get  to  hung  over  by    them   –  Time  limit  (discipline)   –  Generate  as  many  ideas  as  possible,  forget  about   constraints   –  Select  the  best  3  ideas  from  the  list,  and  select  the  best   based  on  debate  and  discussion.   –  Impose  constraints  on  the  best  idea   –  Ask  the  group  about  the  Business  Model  Modules  (point  8)   –  Prototype  (first  MVP)  
  • 15.
  • 16. Having  an  Idea  &    Surviving  the  Plateau  
  • 17.
  • 18.
  • 20.
  • 21.
  • 22.
  • 23.
  • 24.
  • 25.
  • 26. 1. Wherever  my  entrepreneurial  passions  lead  me   2. Any  trade  show  in  an  aXracHve,  recession-­‐resistant  industry  (food,  energy,   water  purificaHon  technology,  health,  computer  services,  Internet,  or  digital,   wireless,  mobile,  and  personal  devices—use  your  imaginaHon)!   3. Real  estate  and  business  opportuniHes  in  Investor’s  Business  Daily,  Banker  and   Tradesman,  and  the  Wall  Street  Journal   4. Franchising  trade  shows   5. Recognizing  and  borrowing  other  companies’  best  pracHces   6. Magazines  and  catalogs  such  as  Inc.,  Entrepreneur,  MIT  Technology  Review,   Popular  Electronics,  the  Edmund  ScienHfic  catalog,  and  the  like   7. Unstoppable  world  trends,  for  example,  energy  shortages,  the  commercializing   of  Asia,  populaHon  and  demographics,  the  increasing  U.S.  naHonal  debt,  global   warming,  and  the  lieoff  of  digital,  wireless,  mobile,  and  personal  devices     8. AcquisiHon  of  a  sustainable  business  at  a  distressed  price   9. AcquisiHon  of  mulHfamily  real  estate  at  a  distressed  price.   10. Traveling  the  world  and  just  observing  with  my  value-­‐adding,  innovaHve   mindset  
  • 27.
  • 28. You  can't  start  with  randomness.   You  have  to  start  with  a  problem     Finding  a  problem   intolerable  and   feeling  it  must  be   possible  to  solve  =>   recipe  for  a  lot  of   startup  ideas.  
  • 29. Look  at  stuff  people  use   Henry  Ford's  plan   now  that's  broken.     Da>ng  sites     Take  a  luxury  and  make   it  into  a  commodity  
  • 30. Problem:  Things  are  too  expensive   Redefini>on:  Make  things  cheaper  -­‐  >  make   things  easier  -­‐>    make  things  easier  to  use.   Simplicity   takes  effort-­‐-­‐   genius,  even.    
  • 31. The  most  producHve  way  to  generate  startup  ideas   is  also  the  most  unlikely-­‐sounding:  by  accident.   Steve  Wozniak   wanted  to  build   microcomputers   Personal  collec>on   of  links  
  • 32.
  • 33. Pain>ng   Coding  
  • 34. Absorb  &  Apply   Andy  Wilson,   Boston  Duck   Tours   Keep  it  legal!    And  remember  it  is  a  two-­‐way  street!  
  • 35.
  • 36. -­‐  Donald  Trump  
  • 37. How  can  you  know  in  advance  whether   your  idea  is  just  another  rough  thought   or  truly  presents  an  opportunity  to   build  a  successful  business?      
  • 38.
  • 39.   Look  at  each  idea  and  ask:   1.  Is  this  a  good  business  from  the  perspecHves   of  revenue  growth  and  posiHve  cash  flow?     2.  Is  this  a  business  that  will  capture  my   passions?     3.  Can  I  add  unique  customer  value  to  the   business?     4.  Will  this  business  survive  and  thrive  in  difficult   economic  Hmes?  
  • 40.
  • 41. •  What  is  the  market?   •  Who  is  the  customer?   •  What  is  the  problem?   •  What  are  the  current   soluHons?   The  opportunity  
  • 42. •  Select  one   and  only   one   opportunity   •  Don't  try  to   boil  the   ocean.  Only   do  one,   narrow   thing  and  do   it  well.    
  • 44. 1. Start  with  good  people,     2. Make  something   customers  actually  want,     3. Spend  as  liXle  money  as   possible.  
  • 45. Class  3   45  
  • 46. 1.  Equipo  1   1.  Equipo  3   –  Fabiola  Flores   –  Jaime  Michea   –  Paulina  Silva   –  Mauricio  Basaure   –  David  Salas   –  Andrea  Carvajal   –  Ronald  Yañez   –  Rodrigo  Baeza   2.  Equipo  4   –  Gilberto  Alvarez   –  FoHs  Layera   –  Ljubica  Sukno   2.  Equipo  2   –  Javier  Cruz   –  Nelson  Herrera   –  Angelina  Figueroa   •  Equipo  5   –  Chester  Peña   –  Eduardo  Pizarro   –  Guido  Mena   –  Ivan  García   –  Humberto  Gonzalez   –  Miguel  Jimenez   –  Evelyn  Contreras   –  Merylen  Córdova   –  Renato  Cortés  
  • 47. •  Brainstorming  (Business  Idea)   –  Start  with  a  topic   –  Ideas  are  cheap  and  dont  get  to  hung  over  by    them   –  Time  limit  (discipline)   –  Generate  as  many  ideas  as  possible,  forget  about   constraints   –  Select  the  best  3  ideas  from  the  list,  and  select  the  best   based  on  debate  and  discussion.   –  Impose  constraints  on  the  best  idea   –  Ask  the  group  about  the  Business  Model  Modules  (point  8)   –  Prototype  (first  MVP)  
  • 48. •  ObjeHvo:  Brainstorm  el  nombre  de  cada  equipo   •  Comiencen  el  tema  claro   •  EsHren  los  músculos  de  su  mente   •  Enumeren  y  escriban  sus  ideas   •  Dejen  claras  las  reglas  (usen  herramientas)   •  Enfóquense  en  el  tema   •  Mantengan  el  momentum!   •  Todos  parHcipan   •  Elijan  al  presentador  del  Brainstorm   •  Tienen  15  mins  para  terminar   •  Luego  2  mins  para  presentar  el  nombre  del  equipo!!  
  • 49. •  Idea  GeneraHon  –  use  to  consult  for  random   associaHons.    This  is  great  because  it  gives  you   combinaHons  of  terms  that  are  usually   unrelated   –  hXp://www.tdbspecialprojects.com/   •  e.g.  spasmodic  mercenary  sportswear  
  • 50. •  #1-­‐  ECO-­‐DRIVERS   •  #2-­‐  ALADINO   •  #5-­‐  R.I.  ENTERTAINMENT   •  #3-­‐  DREAMS  WITHOUT  LIMITS