The 54 Hours of Startup Weekend in 54 Minutes

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Tips and hacks for enjoying the 54 hours of Startup Weekend. Updates provided at: startupsunplugged.com

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The 54 Hours of Startup Weekend in 54 Minutes

  1. 1. The 54 Hours of Startup Weekend… …In 54 Minutes Paul Orlando AcceleratorHK & Startups Unplugged twitter.com/porlando
  2. 2. Lean Startup Bootcamp3-month “pre-accelerator” 3-month accelerator for for Tech Startups Mobile Startups startupsunplugged.com/bootcamp acceleratorhk.com Other experimental projects in HK: WeAreHKtech.com StartupHug.com
  3. 3. This is not a hackathonThis is not a hackathon
  4. 4. This is not online researchThis is not online research
  5. 5. This is not a business plan competitionThis is not a business plan competition
  6. 6. Work on these Development Customer things Customer DevelopmentBusiness ModelBusiness ModelExecutionExecution(and Presenting)(and Presenting)
  7. 7. Customer Development Model SearchCustomer Customer Customer CompanyDiscovery Validation Creation Building Execution
  8. 8. Who’s the customer? What’s their problem / need?What’s the product / service? Does it solve the customers’ problem?How do you make money?How big is the market?
  9. 9. How Do You Interview Someone?Know what you’re trying to learnAsk about actual things they didNo hypothetical questionsRead blogSchedule interviews immediately
  10. 10. Startup Weekend Surveys Gone Wrong We have built a website and mobile app that will let you find free fruits and vegetables near you as well as share yours with others. Would you use it?
  11. 11. Startup Weekend Surveys Gone Wrong How much would you be willing to pay for a consumer product that creates a stable “sand free” zone at the beach?
  12. 12. Startup Weekend Surveys Gone Wrong
  13. 13. Lots of Surveys Gone Wrong
  14. 14. Startup Weekend Surveys Gone Wrong
  15. 15. Business Model Canvas KEY KEY VALUE CUSTOMER CUSTOMERPARTNERS ACTIVITIES PROPOSITION RELATIONSHIP SEGMENTS S Assumption s Assumption test s to to test KEY CHANNELS RESOURCES Assumption s to test COST STRUCTURE REVENUE STREAMS ns Assumptions As sumptio to test t o t es t
  16. 16. Execution in 2 Days – Building an MVP "The minimum viable product is that version of a new product which allows a team to collect the maximum amount of validated learning about customers with the least effort.” -- Eric Ries
  17. 17. Execution in 2 Days – Building an MVP In-person Interviews Landing Page Mockups / Wireframing Video “Parasite” Concierge Prototype
  18. 18. Execution in 2 Days What Were You Able To Design and Build?
  19. 19. Watch out forMentor whiplashHesitating to “get out of the building”Underestimating the time it takes to talk to peopleBuilding too much, testing the problem too littleNot taking risks, not being creativeNot practicing the pitch enoughForgetting you really only have about 1.5 days to workTeam fighting, worrying about IP protection, gettingdistracted, no team balance, team too large
  20. 20. Proposed ScheduleNowNow Friday night Friday nightUnderstand conceptsUnderstand concepts Discuss and choose ideas Discuss and choose ideasThink of project ideasThink of project ideas Form balanced teams Form balanced teams Agree on roles Agree on roles “Get out of the building” “Get out of the building”SaturdaySaturday Sunday Sunday“Get out of the building”“Get out of the building” “Get out of the building” “Get out of the building”Start to buildStart to build Finish building Finish buildingPractice your pitchPractice your pitch Practice your pitch Practice your pitch
  21. 21. startupsunplugged.com/lean-startup/startup-weekend-toolkit/ Detailed content and other resources here Paul Orlando AcceleratorHK & Startups Unplugged twitter.com/porlando

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