Launch Your Startup Idea for Less than $1,000
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Launch Your Startup Idea for Less than $1,000

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Skillshare Class: http://skl.sh/RZUwl5

Skillshare Class: http://skl.sh/RZUwl5

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Launch Your Startup Idea for Less than $1,000 Presentation Transcript

  • 1. How to Launch Your Startup Idea Michael Karnjanaprakorn, @mikekarnj CEO/co-founder, @skillshare http://skillshare.com
  • 2. Background
  • 3. The biggest cost to a startup is time, not money. Most start-ups fail not becausethe technology doesn’t work, but because they are creating the wrong product for the wrong market.
  • 4. I. FINDING YOUR IDEA Goal: Find a problem you’re passionate about solving.
  • 5. Start With Why
  • 6. Climbing the Entrepreneurial Ladder
  • 7. List of Ideas
  • 8. II. DEFINING YOUR MVP
  • 9. Q: Is this problem worth solving? Answer by talking to users.Q: What’s the solution to this problem? Answer is MVP.
  • 10. 5-Step Process: 1. Communicating Your Idea2. Running Customer Interviews 3. Brainstorming Solutions 4. Refining your MVP 5. Setting initial goals
  • 11. Customer Interviews1. Why wouldn’t Skillshare work? 2. Why would Skillshare fail?
  • 12. Example: Skillshare 1) 1,000 email addresses 2) Sell out all of our initial classes (3 per month x 3 months)All on a budget of $5,000 without writing one line of backend code
  • 13. Skillshare Alpha Website
  • 14. Marketing
  • 15. Marketing
  • 16. The biggest cost to a startup is time, not money. Most start-ups fail not becausethe technology doesn’t work, but because they are creating the wrong product for the wrong market.