Your SlideShare is downloading. ×
0
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
 Mit Forum Ishay Green tips for first timers
Upcoming SlideShare
Loading in...5
×

Thanks for flagging this SlideShare!

Oops! An error has occurred.

×
Saving this for later? Get the SlideShare app to save on your phone or tablet. Read anywhere, anytime – even offline.
Text the download link to your phone
Standard text messaging rates apply

Mit Forum Ishay Green tips for first timers

2,191

Published on

2 Comments
2 Likes
Statistics
Notes
No Downloads
Views
Total Views
2,191
On Slideshare
0
From Embeds
0
Number of Embeds
1
Actions
Shares
0
Downloads
35
Comments
2
Likes
2
Embeds 0
No embeds

Report content
Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
No notes for slide

Transcript

  • 1. Tips & Tricks for 1 st Timers Ishay Green
  • 2. Scope <ul><ul><li>Things I think you should pay attention to in order to avoid fucking up your first startup </li></ul></ul>
  • 3. YOUR LIFE 1
  • 4. Your Life <ul><ul><li>Your family is an obstacle on your way to becoming rich… </li></ul></ul>
  • 5. Your Life <ul><ul><li>… and don’t get me started on marriage and children </li></ul></ul>
  • 6. Your Life <ul><ul><li>NOT! </li></ul></ul>
  • 7. Your Life <ul><ul><li>Your new startup is just an episode in your life’s journey </li></ul></ul>
  • 8. Your Life <ul><ul><li>Are having 100 Million dollars at the age of 45 worth missing your youth? </li></ul></ul>
  • 9. CO-FOUNDERS 2
  • 10. Co-Founders Finding good partners is more difficult than raising capital for a lousy Idea
  • 11. Co-Founders - Integrity Integrity is #1 quality
  • 12. Co-Founders <ul><ul><li>Work with your co-founders for a while, reach significant understandings and put them in writing </li></ul></ul>
  • 13. Co-Founders - Integrity <ul><ul><li>Identify the partners’ weaknesses </li></ul></ul>
  • 14. Co-Founders Divide work and responsibility. Trust your partners
  • 15. THE IDEA 3
  • 16. The Idea <ul><ul><li>Revolution </li></ul></ul><ul><ul><li>VS </li></ul></ul><ul><ul><li>Evolution </li></ul></ul>
  • 17. The Idea <ul><ul><li>Stay in your domain of expertise </li></ul></ul>
  • 18. The Idea <ul><ul><li>Know everything there is to know about the idea space </li></ul></ul>
  • 19. The Idea <ul><ul><li>Research; talk to as many non-believers as possible </li></ul></ul>
  • 20. The Idea <ul><ul><li>Don&apos;t be too secretive, ideas are trivial compared with their execution </li></ul></ul>
  • 21. The Idea <ul><ul><li>Prepare a short executive summary presenting your vision </li></ul></ul>
  • 22. The Idea <ul><ul><li>Don’t expect to raise $1M with a shitty paper written in bad Ingleesh </li></ul></ul>
  • 23. The Idea <ul><ul><li>Challenge yourself by picking a goal that will stretch your capabilities and determination to their limit </li></ul></ul>
  • 24. The Idea <ul><ul><li>If you are 100% certain it can be done, you are probably not far enough ahead of the competition </li></ul></ul>
  • 25. The Idea <ul><ul><li>Make sure that your startup is not built over a loop hole </li></ul></ul>
  • 26. THE TEAM 4
  • 27. The Team <ul><ul><li>Startups cannot afford any spare heads </li></ul></ul><ul><ul><li>(Lean &amp; Mean) </li></ul></ul>
  • 28. The Team <ul><ul><li>If someone doesn&apos;t deliver, let them go </li></ul></ul>
  • 29. The Team <ul><ul><li>Recruit the core people on a trust basis </li></ul></ul>
  • 30. The Team <ul><ul><li>Don&apos;t hire good developers </li></ul></ul>
  • 31. The Team <ul><ul><li>Aim for a positive and optimistic team </li></ul></ul><ul><ul><li>(You cannot afford more then one downer) </li></ul></ul>
  • 32. EXECUTION 5
  • 33. Execution <ul><ul><li>Never Under Estimate the Power Of Denial </li></ul></ul>
  • 34. Execution <ul><ul><li>Be, and stay involved </li></ul></ul>
  • 35. Execution <ul><ul><li>Do not work around the clock – You end up waking the following morning with the same ideas you had the day before.. </li></ul></ul>
  • 36. Execution <ul><ul><li>“ Brick walls are there to stop the people who don’t want it badly enough” </li></ul></ul><ul><ul><li>(Randy Pauch) </li></ul></ul>
  • 37. Execution <ul><ul><li>Work like you&apos;re a startup, design like you&apos;re Microsoft </li></ul></ul>
  • 38. Execution <ul><ul><li>Use best-of-breed tools, do not reinvent the wheel </li></ul></ul>
  • 39. Execution <ul><ul><li>Invest in proper framework, it pays for itself down the road </li></ul></ul>
  • 40. Execution <ul><ul><li>Be dynamic, re-factor and rewrite! </li></ul></ul>
  • 41. Execution <ul><ul><li>Think minimal </li></ul></ul>
  • 42. Execution <ul><ul><li>Perfection is achieved, not when there is nothing more to add, but when there is nothing left to take away. </li></ul></ul><ul><ul><li>(Antoine de Saint-Exupery) </li></ul></ul>
  • 43. Execution <ul><ul><li>Beware of minimal </li></ul></ul>
  • 44. Execution <ul><ul><li>Study your competition and adjust your product in order to beat them in every aspect </li></ul></ul>
  • 45. Execution <ul><ul><li>Talk to potential customers from day 1 </li></ul></ul>
  • 46. Execution <ul><ul><li>Technological crisis is part of the game. When overcoming it, it is called IP. </li></ul></ul>
  • 47. Execution <ul><ul><li>Accept the fact that uncertainty, doubt and anxiety will dog you </li></ul></ul>
  • 48. BUSINESS PLAN &amp; FINANCE 6
  • 49. Finance &amp; Business Plan <ul><ul><li>Plan everything. Review it with a lot of people </li></ul></ul>
  • 50. Finance &amp; Business Plan <ul><ul><li>Before you refuse funding – think thrice </li></ul></ul>
  • 51. Finance &amp; Business Plan <ul><ul><li>Currency – Plan for the worst </li></ul></ul><ul><ul><li>(Unimaginable but… 1 USD might worth less than 4 shekels one day!!) </li></ul></ul>
  • 52. Finance &amp; Business Plan <ul><ul><li>Always pay attention to the fuel gauge </li></ul></ul>
  • 53. LEGAL 7
  • 54. Legal <ul><ul><li>Think of the legal aspects of your startup – There are many illegal ways to make money </li></ul></ul><ul><ul><li>(If you are interested talk to me after the presentation) </li></ul></ul>
  • 55. Legal <ul><ul><li>Think of the legal aspects of your startup – There are many illegal ways to make money </li></ul></ul><ul><ul><li>(If you are interested talk to me after the presentation) </li></ul></ul>
  • 56. INSIGHTS 8
  • 57. General Startup Insight <ul><ul><li>Startup has no memory </li></ul></ul>
  • 58. General Startup Insight <ul><ul><li>Startup valuation is fluid </li></ul></ul>
  • 59. General Startup Insight <ul><ul><li>Find your gurus </li></ul></ul><ul><ul><li>(I am available) </li></ul></ul>
  • 60. General Startup Insight <ul><ul><li>Beware of name droppers </li></ul></ul>
  • 61. Last Slide…. <ul><ul><li>Take it easy! </li></ul></ul><ul><ul><li>Hysteria makes you act stupid </li></ul></ul>
  • 62. <ul><ul><li>Thanks! </li></ul></ul>

×