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Doing it Wrong - Lessons Learned starting a high tech company in Toronto by Tim Smith
 

Doing it Wrong - Lessons Learned starting a high tech company in Toronto by Tim Smith

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Tim Smith, CEO & Co-founder of GridCentric presented at Startup Weekend Toronto, Sep 25, 2010.

Tim Smith, CEO & Co-founder of GridCentric presented at Startup Weekend Toronto, Sep 25, 2010.

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  • Chris EbenAssumptions we’ve had and things we’ve done that have made our lives a lot harder than they had to be.
  • Cold-callingNegotiationEspecially important if
  • Start-ups are about de-risking the risky“Build it and they will come” is a 1/1000000
  • “Keeping a 747 in the air”Biggest problem changes as time goes onIt helps if you have instrumentation!
  • Easy to sufferfrom analysis paralysisMentor can be different for each area! Probably will need to be!
  • Lots of reasons to start in TorontoHigh-tech virtualization start-up in Toronto - BADTargeting local customers in research and scientific computing – WRONGSome times things are the way they are for a reason

Doing it Wrong - Lessons Learned starting a high tech company in Toronto by Tim Smith Doing it Wrong - Lessons Learned starting a high tech company in Toronto by Tim Smith Presentation Transcript

  • Startup Weekend Toronto 2010
    Doing it wrong
    Lessons learned starting a high-tech company in Toronto
    Tim Smith
    Co-founder & CEO
  • 1.
    Know your circle of competence
  • 2. Sell before you build
  • 3. Focus on your biggest problem
  • 4. Get amentor
  • 5. No such thing as low-hanging fruit
    This thing is probably poisoned
  • Things done right:
    Raised money in a crap environment
    Built a great, no-bullshit team
    Built a great product on a shoestring
    Met a ton of great people
    Key metric: I love going to work in the morning.