SocialDreamium Fail Presentation

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

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/

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SocialDreamium Fail Presentation

by Ryan Graves on Sep 11, 2009

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SocialDreamium Fail Presentation — Presentation Transcript