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Why you should quit your job and join a startup.

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Why you should quit your job and join a startup. Why you should quit your job and join a startup. Presentation Transcript

  • Why you should quit your job for a start-up. By: Nishant Soni (CEO, Cobaan) [email_address] , 9350353067 Dec 21, 2006
  • Why Startups
    • Startups present the only (and the best) opportunity to make you stinking filthy obscenely rich.
      • Think 50-200 Crores over the next 2-5 years
    • Catch
      • Be at the right place at the right time
      • Understand what is the right place (company) and what is the right time (cofounder, post-angel, post-seed)
  • Understand Startups to Win with Startups
    • Why?
      • Odds are very heavily stacked against startup success.
        • Think flipping a dice 10 times in a row and getting a six each time.
    • The good part
      • Very Striking and Identifiable predictors behind Startup success.
        • Team, Experience, Funding, Marketing, Leadership, Board of advisors, Opportunity Size (Valuations), Focus,
        • References: Google(“paul graham”), Google(“guy kawasaki”)
    Start-up which has these predictors in place and is at the ‘right time’ to join is extremely rare (think needle in the biggest haystack you have seen) . Consider it an opportunity of a lifetime .
  • Get the Startup State of mind
    • Why ?
      • So that you can startup next.
      • A new way of life – the right way
        • TAKE CONTROL and CREATE opportunities
    • What is the startup state of mind ?
      • GTD-WIT
        • Getting Things Done, Whatever It Takes.
        • If you try hard enough something’s gotta give.
        • Approaching people – everyone wants to help.
  • What is the best way to ‘Understand start-ups’ and learn the ‘Start-up way of life’
      • WORK AT A START-UP
      • Ref: Google (“paul graham”) or anyone who has done or been at a startup
  • Why ?
  • Cobaan is the right place
    • Team :
        • Nishant Soni, IITG Computer Science, Trilogy Software, Drishti-soft ( another startup ), Cobaan
        • Amitabha Bagchi, Assistant Professor, IITD CS
    • Funding is in place
    • Focus:
        • Product Focus: High Impact, High Innovation, Research based
        • Singular Focus: We don’t do services, not now and never will.
    • Market:
        • US Only, Size of opportunity is big.
        • There is little reason to believe that Indian market can absorb innovation.
  • It is the right time to join cobaan. Co-founder Risk Reward High Risk High Reward Post-Angel Pre-Seed Post-Seed You are here ! Low Risk, Highest Reward Monetary Risk