Startup SF: Give Your Ideas Ex-Lax!
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Startup SF: Give Your Ideas Ex-Lax!

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A talk given by David Weekly on December 2, 2009 for Startup SF.

A talk given by David Weekly on December 2, 2009 for Startup SF.

http://www.startupsf.com/2009/11/19/startup-sf-v2-2-speaker-announced-david-weekly-of-pbworks-hacker-dojo/

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Startup SF: Give Your Ideas Ex-Lax! Startup SF: Give Your Ideas Ex-Lax! Presentation Transcript

  • Give Your Ideas David Weekly @ StartUp SF: December 2, 2009
  • “ But I’m Not Ready!” (You never are!)
  • Your Problem Is Your Skill.
    • You have a lot of vision. That’s why you’re starting a company.
    You have a comprehensive idea of what you want to build.
  • And It’s Awesome.
  • The Model In Your Head
  • But Magic is Hard.
  • “ Now If Only….
    • … I could find a technical co-founder”
  • “ Now If Only….
    • … I could find a technical co-founder”
    What can YOU do, with YOUR skill and your resources, in the next 48 hours? Can you make a mailing list? A wiki page with some info? A Google Form -> Spreadsheet? Can you pay $10 to advertise on Google for potential customers to talk with?
  • It’s Okay To Start Simple. Solve someone’s problem right now .
  • Minimum Viable Product
    • “ The Minimum Viable Product is the product with just the necessary features to get money and feedback from early adopters.”
    Eric Ries - http://www.startuplessonslearned.com/
    • Ship now,
    • you’ll learn faster what you did wrong.
    • (And it’s not what you think.)
  • “… But It’ll Be Ugly!” (Yep. Deal.)
  • “… But My Dream is So Much More!” (You’ll get there, but start now .)
  • Good News!
    • The only real expense you’ll have starting this thing up is feeding yourself.
    • You’ll learn a lot trying to juggle all these balls.
  • Bad News: Fewer “Lottery Tickets”
    • IPO market is close enough to dead.
    • These guys are >$10m/quarter:
  • Good News: M&A Is Up
    • But…
      • You’ll need to either build a compelling technology
        • Or a compelling market
          • Or both.
  • Bad News: VC Expectations
    • Investment firms will now expect you to have a team, a product, customers, and a provable revenue engine before they’re hungry to talk.
      • (These rules are excepted if you’re famous.)
  • Your Best Plan: Rapid Profitability
    • If you are earning your salary, you’re master of your destiny.
    • So shoot to make money immediately.
    • (Use PayPal, mailed checks, anything.)
  • GOOD NEWS! You already have everything you need to make a first step.
  • So
    •  Now go kick some ass! 
    • [email_address]
    • twitter.com/dweekly