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I made something people want
 

I made something people want

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For Microsoft Developer Showdow

For Microsoft Developer Showdow
Technopreneurship Track
26 June 2008

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    I made something people want I made something people want Presentation Transcript

    • I made something people want By Paul Pajo
    • Startups in 13 sentences
      • From Paul Graham’s Essay – Startups in 13 sentences
      • I usually send this to people who want to know what a startup is
      • http://paulgraham.com/13sentences.html
      • INC.Com recently had an article about Y Combinator – launched 145 companies since 2005
    • A New Paradigm What do you want to be?
    • 8 out of 10 businesses fail within 2 years of incorporation How do you feel after reading this statement?
    • Don’t let the rat race bleed entrepreneurship out of you If you get burned out before you even started, it might be hard to get back to the starting line
    • 1. Pick good co-founders Good to Great principle – who will be the people in the bus
    • 2. Launch Fast
      • A reason to engage users
      • You start learning immediately
    • 3. Let your idea evolve
      • PayPal wasn’t originally about payment
      • Pivot, Pivot, Pivot
    • 4. Understand Users
      • Make something people want
      • I made something people want
    • 5. Better to make a few users love you than a lot ambivalent
      • 1,000 fans from kk.org (Techmium)
      • Something in between the “head” and the “long tail”
    • 6. Offer surprisingly good customer service
      • In a sea of mediocrity, it takes so little to stand out
      • At the onset, it SHOULDN’T Scale
    • 7. You make what you measure
      • What you measure, motivates you
      • When people KNOW they are being measured, they up the ante
    • 8. Spend little
      • What is your burn rate?
      • Don’t run out of money
      • The cheaper you can do this the MORE you can iterate
    • 9. Get Ramen Profitable
      • Important Milestone
      • “You make just enough to pay for the founder’s living expenses”
    • 10. Avoid distractions
      • Day Jobs/Consulting/Side Projects
      • Give your startup a chance – carve some time
    • 11. Don’t get demoralized
      • That’s why you need a co-founder
      • Pivot, Pivot, Pivot
    • 12. Deals Fall Through
      • Background processes
      • Don’t let your morale depend on it