SocialDreamium Fail Presentation
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SocialDreamium Fail Presentation

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This presentation includes the lessons learned and post mortum of SocialDreamium, a social web startup.

This presentation includes the lessons learned and post mortum of SocialDreamium, a social web startup.

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SocialDreamium Fail Presentation SocialDreamium Fail Presentation Presentation Transcript

  • Understanding startup failure. Ryan Graves 9/10/09 Founder of SocialDreamium LLC @ryangraves
  •  
  • Lessons
    • Understand project management
    • Understand team communication
    • Understand core competencies
    • Understand the competitive landscape
    • Summary
  • Project Management: Priorities
    • Remind yourself the basics
    • Timeline
    • Understanding your milestones so that you can deliver on your promise
      • Funding
      • Bankrupt
      • Break-even
      • Burn out
    • Budget
      • See above
    • Scope
      • MVP
      • Proven biz model
      • Lean startup
  • Life Blood of Business: Communication
    • “ Choosing a business partner is like choosing a spouse, except after a fight you can’t have make-up sex.”
    • The most important factors
    • Communication
    • Similar goals
    • Flexibility
  • Know You: Core Competencies
    • You can’t have every skill on a team of founders
    • Know the gaps in your team and identify them immediately
    • Find your competitive advantage
  • The Focus: Competition
    • Know what your competition did
    • Know what your competition is doing
    • Know what your competition is about to do
    • You absolutely need to understand how you’re going to differentiate yourself from your competition
  • The Focus: Competition
    • Know what your competition did
    • Know what your competition is doing
    • Know what your competition is about to do
    • You absolutely need to understand how you’re going to differentiate yourself from your competition
  • Us vs. Them 11/08 04/09 http://thedreaminaction.com/2009/04/09/seesmic-desktop-takes-over-twitter-clients/ http://mashable.com/2009/04/08/tweetdeck-memory-leak/
  • Summary
    • Manage your team
    • Communicate with your team
    • Understand your team
    • Know how your team differs
    • Kick ass.
    It’s all about the team.
  • Photo Credits
    • Failure - http://www.flickr.com/photos/kartz/1431621639/
    • Priorities - http://www.flickr.com/photos/24027013@N06/3113750918/
    • Communication - http://www.flickr.com/photos/92912266@N00/148291297/
    • Skills - http://www.flickr.com/photos/kristiankristof/1130619764/in/set-72157594325240472/
    • Focus on comp - http://www.flickr.com/photos/62328475@N00/2768382136/
    • Horse comp - http://www.flickr.com/photos/45055701@N00/911728514/