Learnings from founding a Computer Vision Startup: Chapter 3 Business Plan
Upcoming SlideShare
Loading in...5
×
 

Learnings from founding a Computer Vision Startup: Chapter 3 Business Plan

on

  • 2,365 views

 

Statistics

Views

Total Views
2,365
Views on SlideShare
2,345
Embed Views
20

Actions

Likes
1
Downloads
81
Comments
0

1 Embed 20

http://www.linkedin.com 20

Accessibility

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Learnings from founding a Computer Vision Startup: Chapter 3 Business Plan Learnings from founding a Computer Vision Startup: Chapter 3 Business Plan Presentation Transcript

  • 3. Business Plan
  • Learnings from founding a Computer Vision Startup "a startup is an organization formed to search for a repeatable and scalable business model" @sgblank What? Who? When? Flickr: jurvetson
  • Learnings from founding a Computer Vision Startup What is it? “statement of a set of business goals, the reasons why they are believed attainable, and the plan for reaching those goals” -Wikipedia Basically: How you plan to do business Besides “the plan”, also (brief) history, technology, status.
  • Learnings from founding a Computer Vision Startup What’s in it? executive summary - short summary of everything below business description - what your company does business environment - what does the market(s) look like, why there is a market competitors - what are others doing in this market background & technology - where you come from and what you can do market analysis - size of market, market shares, entry points and barriers etc. marketing - how you are going to get attention and distribution operations - how will you solve things like hosting, infrastructure challenges management summary - who’s on the team financials - cash status, monthly cash flow, costs and revenues, current horizon (attachments) - supporting material and details
  • Learnings from founding a Computer Vision Startup Formats elevator pitch - a condensed teaser for introductions and surprise meetings, everyone should know this one by heart slide deck - for formal and informal company presentations, everyone should have a copy of this (written document) - formal and detailed document elaborating on the slide deck version, sometimes required by investors and other shareholders
  • Learnings from founding a Computer Vision Startup Who is it for? Primary: For yourself - to structure and document your plan for everyone in the company Secondary: For new employees - to get them to understand what the company does, is planning to do and why For investors - to understand where the company is and where it is going, elevator pitch for when they talk about their investment or give reference.
  • Learnings from founding a Computer Vision Startup Planning is guessing Business plan = business guess -ReWork Beware of (long term) projections of where the market will go and how much money you will make. Keep business plan simple and easy to change (slide deck!)
  • How we did it
  • Learnings from founding a Computer Vision Startup Polar Rose: How we did it Never really had a formal document as business plan Most of the time it was a slide deck w notes
  • Learnings from founding a Computer Vision Startup kooaba: How we did it Rewrote our plan about a dozen times (can be really boring) Pitch slide deck, extended deck, business plan Extensive business plan was required for some seed money investors (banks) Having an Excel to check your numbers is crucial. (Exact values are not important, just to get a feeling for factors affecting business) These days: constant comparison to plan (#customers, revenue, ...)
  • Q&A
  • Learnings from founding a Computer Vision Startup Resources (Startup advice on VC and entrepreneurship) @venturehacks Book: ReWork http://www.amazon.com/Rework-Jason-Fried/dp/ 0307463745 http://www.amazon.com/Art-Start-Time-Tested- Book: The art of the start Battle-Hardened-Starting/dp/1591840562