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VC & Startup Success lessons for Small Businesses
 

VC & Startup Success lessons for Small Businesses

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    VC & Startup Success lessons for Small Businesses VC & Startup Success lessons for Small Businesses Presentation Transcript

    • Copyright VCs At Work Tarang ShahWhat’s one most important thing that’s commonamong all Successful Companies?
    • Copyright VCs At Work Tarang ShahWhat Should be your Mission Statement?
    • Copyright VCs At Work Tarang ShahHow to Delight your Customers?
    • Copyright VCs At Work Tarang Shah Anatomy of Successful EntrepreneursBalanced Ego – Big ego to Real Visionary – Canpursue unconventional ideas Big & Bold Head see the whole companybut in-check ego to surround – “The World is beyond current productwith people smarter than him Not Enough” ; Big Ears – Listens Not afraid of non- actively and intently toAuthenticity – Product view consensus view customers and analyticsinformed by 10k hours oftinkering; deep experience that Passionate Disinterest –provides insights into the fine Passionate to seek out thenuances of market and customer truth but not biased about the outcome – highly objectiveIterative – Not afraid of failures Genuine & Avid Passion tobut like Edison enjoys discoveries High Integrity solve the problem and makethrough methodical trial and – Transparent a difference -> A Missionaryerrors and Trustworthy Personal Relevance to theExtremely Focused – breaking vision pain point being solved –into short-term metrics and single- motivation beyond makingmindedly pursuing it. money
    • Copyright VCs At Work Tarang ShahStep 1: Understanding the “Pain Point” or “Need”
    • Copyright VCs At Work Tarang Shah
    • Copyright VCs At Work Tarang ShahStep 2: Validate the Need
    • Step 2 : Validate the Need Changing Highly New Supporting Customer Attractive Technology Infrastructure Behavior Market
    • Disrupting Established Markets New New Lean MeanFat Cats Technology Cat Fat Telcos P2P Sharing SkypeBlockbuster Internet Netflix
    • Identifying New Promising Markets ??? Netscape eBay Cisco Amazon Mobile 3Com Apple Internet Microsoft WANs LANs IBM Intel PCs Micro Computers ChipsTransistors 1950 1960 1970 1980 1990 2000
    • What are some of the Emerging Platforms Today?Smartphone iPad/ Facebook Twitter Tablet PayPal Amazon ??? ???
    • Step 3: Find the Product-Pain Fit Copyright VCs At Work Tarang Shah
    • Copyright VCs At Work Tarang ShahStep 3: Find the Product-Pain Fit
    • Your Challenge..Copyright VCs At Work Tarang Shah
    • Your Challenge..Copyright VCs At Work Tarang Shah
    • Your Challenge..Copyright VCs At Work Tarang Shah
    • Your Tool - R.I.P. (Rapid Iteration & Pivoting) Copyright VCs At Work Tarang Shah
    • Copyright VCs At Work Tarang ShahR.I.P. (Rapid Iteration & Pivoting)
    • High RPM & Small Turning Radius Copyright VCs At Work Tarang Shah
    • Copyright VCs At Work Tarang Shah Bonus Tip: Building World Class Team Lift the quality Hire unfetteredHire for Cultural of team with passion without fit as much as each hire and ego & restrictionsfunctional skills fire of past learning Hire people who Fire promptly andHire People you can start adding amicably have worked value day 1 – No someone who iswith well before time for training not fitting well