0
Startups are hard work
    (and other lessons I’ve learned)




                Jeff Haynie
                 @jhaynie
About Me

• @jhaynie - twitter
• blog.jeffhaynie.us
• jhaynie@appcelerator.com
Some things I’ve learned over the years
You


Nobody loves your business as much as you
do (and you’re the #1 sales person)
Ideas


Your idea sucks (it’s about execution)
The Business Plan


Put it on one page (but don’t send it out to
anyone)
Money


You can never get enough money, fast
enough (but too much will ruin you)
Investors


You can’t get rid of them (and you can’t live
without them)
Raising money


The best time to raise money is when you
don’t need it
Investments


The best investments you can receive are in
the form of cash from customers (and they
don’t require you to g...
Show me


You’ll have to prove it to people (and then
they’ll have known it was a good idea all
along)
Partners


Having a partner means you have to share in
the upside (and have a friend when times are
really tough)
Technology


Someone else is trying to do what you’re
doing right now (and you have to be better,
faster and cheaper)
Analytics


Measure everything (and then some more)
Change

I once heard: “you’ll do 10 things, 3 will fail
miserably, 3 will not be good, 3 will be OK
and 1 will be great” (...
Teams


Investors, customer and employees believe in
the team (and most importantly, the
entrepreneur)
Relationships


At the end of the day, it’s about your
relationships (which isn’t networking)
Mentors


Get people to tell you what you’re doing
wrong (and cheer you on when you’re doing
it right)
Failure


Don’t stop believing (but know when to fold)
Failure (deux)


Some of the best things in life come from
our failures (at least you tried, most don’t)
The Valley


It’s great - don’t let anyone tell you it’s not
(and yes, it’s expensive and consuming)
Shotput Ventures - Building startups are hard work
Upcoming SlideShare
Loading in...5
×

Shotput Ventures - Building startups are hard work

1,892

Published on

A presentation given by Jeff Haynie to the first generation of Shotput Ventures portfolio companies in Atlanta, GA on July 31, 2009.

Published in: Business, Economy & Finance
0 Comments
3 Likes
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total Views
1,892
On Slideshare
0
From Embeds
0
Number of Embeds
3
Actions
Shares
0
Downloads
60
Comments
0
Likes
3
Embeds 0
No embeds

No notes for slide

Transcript of "Shotput Ventures - Building startups are hard work"

  1. 1. Startups are hard work (and other lessons I’ve learned) Jeff Haynie @jhaynie
  2. 2. About Me • @jhaynie - twitter • blog.jeffhaynie.us • jhaynie@appcelerator.com
  3. 3. Some things I’ve learned over the years
  4. 4. You Nobody loves your business as much as you do (and you’re the #1 sales person)
  5. 5. Ideas Your idea sucks (it’s about execution)
  6. 6. The Business Plan Put it on one page (but don’t send it out to anyone)
  7. 7. Money You can never get enough money, fast enough (but too much will ruin you)
  8. 8. Investors You can’t get rid of them (and you can’t live without them)
  9. 9. Raising money The best time to raise money is when you don’t need it
  10. 10. Investments The best investments you can receive are in the form of cash from customers (and they don’t require you to give up equity)
  11. 11. Show me You’ll have to prove it to people (and then they’ll have known it was a good idea all along)
  12. 12. Partners Having a partner means you have to share in the upside (and have a friend when times are really tough)
  13. 13. Technology Someone else is trying to do what you’re doing right now (and you have to be better, faster and cheaper)
  14. 14. Analytics Measure everything (and then some more)
  15. 15. Change I once heard: “you’ll do 10 things, 3 will fail miserably, 3 will not be good, 3 will be OK and 1 will be great” (you just need to figure out which one)
  16. 16. Teams Investors, customer and employees believe in the team (and most importantly, the entrepreneur)
  17. 17. Relationships At the end of the day, it’s about your relationships (which isn’t networking)
  18. 18. Mentors Get people to tell you what you’re doing wrong (and cheer you on when you’re doing it right)
  19. 19. Failure Don’t stop believing (but know when to fold)
  20. 20. Failure (deux) Some of the best things in life come from our failures (at least you tried, most don’t)
  21. 21. The Valley It’s great - don’t let anyone tell you it’s not (and yes, it’s expensive and consuming)
  1. A particular slide catching your eye?

    Clipping is a handy way to collect important slides you want to go back to later.

×