Why start a <br />STARTUP<br />WHEN YOU’RE<br /> YOUNG<br />Trung Huynh<br />Twitter: @ethuynh<br />
About me<br />Trung Huynh<br />RMIT Graduate 2009 – Bachelor of Commerce<br />Founder and project manager of Gohundred<br ...
2 choices<br />Get a job<br />Get an MBA / Master Degree<br />
3rd choice<br />To start a startup<br />
Why?<br />Relative advantages of young founders:<br />Stamina<br />Poverty<br />Partners (co-founders)<br />Ignorance<br />
Stamina<br />Long hours of work<br />Not as efficient as we'll <br />   be later<br />
Poverty<br />You can live cheaply<br />Less independent to outside funding<br />Room to recover from mistakes <br />
Partners<br />Scarcest ingredient in startups: co-founders<br />Popular question: “where can I find my co-founder?”<br />B...
Ignorance<br />Believe in things you don’t know about<br />A situation that forces you to take side and make progress<br /...
Words of wisdom<br />	“All the best things that I did at Apple came from (a) not having money and (b) not having done it b...
So, What now?<br />
Learn how startups work<br />Books and classes are not good sources<br />Learn by watching other startups in action<br />L...
A place to learn and make network<br />
Learn by starting your own startup when you’re young<br />
Thank you<br />
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Why start a startup when you're young - Speech at Barcamp 2010

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Why start a startup when you're young - Speech at Barcamp 2010

  1. 1. Why start a <br />STARTUP<br />WHEN YOU’RE<br /> YOUNG<br />Trung Huynh<br />Twitter: @ethuynh<br />
  2. 2. About me<br />Trung Huynh<br />RMIT Graduate 2009 – Bachelor of Commerce<br />Founder and project manager of Gohundred<br />Head of events and content at Launch<br />
  3. 3. 2 choices<br />Get a job<br />Get an MBA / Master Degree<br />
  4. 4. 3rd choice<br />To start a startup<br />
  5. 5. Why?<br />Relative advantages of young founders:<br />Stamina<br />Poverty<br />Partners (co-founders)<br />Ignorance<br />
  6. 6. Stamina<br />Long hours of work<br />Not as efficient as we'll <br /> be later<br />
  7. 7. Poverty<br />You can live cheaply<br />Less independent to outside funding<br />Room to recover from mistakes <br />
  8. 8. Partners<br />Scarcest ingredient in startups: co-founders<br />Popular question: “where can I find my co-founder?”<br />Best place to meet them is school. Eg: Google, Yahoo, Youtube and Microsoft <br />
  9. 9. Ignorance<br />Believe in things you don’t know about<br />A situation that forces you to take side and make progress<br />When you know nothing, you have to reinvent stuff for yourself<br />
  10. 10. Words of wisdom<br /> “All the best things that I did at Apple came from (a) not having money and (b) not having done it before, ever. Every single thing that we came out with that was really great, I'd never once done that thing in my life” – Steve Wozniak<br />
  11. 11. So, What now?<br />
  12. 12. Learn how startups work<br />Books and classes are not good sources<br />Learn by watching other startups in action<br />Learn the key lessons and insights that startups share<br />Learn by meeting people who has been there, done that<br />
  13. 13. A place to learn and make network<br />
  14. 14. Learn by starting your own startup when you’re young<br />
  15. 15. Thank you<br />
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