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What I Learned During the Next36
 

What I Learned During the Next36

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    What I Learned During the Next36 What I Learned During the Next36 Presentation Transcript

    • A reflection from a 2nd Cohort Alumnus
    • Next36 OverviewPre-Incubator PhaseIncubator Phase
    • Why Technology?What is a startup (vs a business)?Lean MethodologyWhy do startups fail?
    • Entrepreneurship is the relentless pursuit of opportunity without regard to resources currently controlledMain Themes:  Always imperfect information  Always incumbents (sleeping giants)  Opportunities are everywhere
    • December – AprilTeam formationIdeationMarket Research
    • PrototypingValidationIteratingRestarting
    • May - AugustRecruitingBuildingMVPShippingCustomer AcquisitionNetworkingPitching
    • Are we really solving a problem that people care about?Is my solution really 10x better than the alternative?Is it polarizing?
    • What role does technology play?“Coding is easy, making money is hard”How can we get to product-market fit the fastest?Build, Measure, Learn -> Build, Measure, Learn  Hypothesis testing!  Analytics!  Disciplined
    • Networking – what can I offer you?Importance of Inspiring trust and confidenceRelationship buildingPut yourself in uncomfortable positionsSuccess – how badly do you want it?
    •  Case Studies (Harvard Business Review)  How to identify market opportunities  How to execute idea  Learn from past entrepreneur and their decisions  Entrepreneurship is a way of thinking Market Strategies  Market dynamics and how to win in different markets  Economics of entrepreneurship Legal and Finance Strategies  Term sheets, stock options pools, valuations  Legal, tax advice, grants, funding
    • Team is the foundation – 100% trustValidate before writing a single line of code  Get presales if possibleLean Methodology!  Build, measure, learn via disciplined scientific approach
    • Henry Shihenrythe9th@gmail.comhenry@betteru.org