April 2008 Webinar

April 2008 Webinar Getting to Version 1.0: The Barriers To Success Sachin Saxena, VP New Venture Services, GlobalLogic http://blogs.globallogic.com/ [email_address]

Out of every 10 small businesses, 7 will survive their first year, 3 will still be going after 3 years, and only 2 will remain after 5 years.

U.S. Commerce Department, BusinessWeek March 2002

In a typical VC Portfolio: 1/3 meet expectation, 1/3 underperform, 1/3 will fail

Fred Wilson, November 2007

http://yalepress.yale.edu/yupbooks/entrepreneurshipquiz.asp

Percentage of software firms > $50 million in annual sales after 5 years? a. 0.4 percent b. 4.0 percent c. 9.1 percent d. 14.4 percent

Plan://

Do you have a plan and a strategy?

“ If you don’t have a plan, how will you know when you are there”

Anonymous

Customer://

Who is your customer? Everybody with a computer!

“ We have a large and rapidly growing market, with large margins and no competitors…”

So Delirious

Team://

Can you be a part-time Entrepreneur?

“ You and me are part time lovers…”

- Stevie Wonder

Leonard Everett Fisher, the Juggler.

Team://

A Team of Dreamers and Doers

“ Over night success takes 15 years of hard work”

- Anonymous

Product://

What is your USP (Differentiators)?

“ Democracies don’t make great products. You need a competent tyrant”

- Jean-Louis Gasse (a former Apple executive)

Product://

Are you obsessed with the idea and engineering?

“ If we build it, they will come”

- Field of Dreams

Product://

Listen and Learn from Real Users?

Tendency to over Engineer and Reinvent the wheel?

“ Good artists copy, great artists steal”

Pablo Picasso

Plan://

Does your plan look like a Hockey Stick?

“ Best businesses are easy to describe but hard to assemble”

William Sahlman, Harvard Business School

Now 18 months

Credits

Etc.Ja.An: http://www.flickr.com/photos/jaanclaveria/511964191/

Imredubai http://www.flickr.com/photos/imresolt/2232435215/

Hubert Blanz http://www.blanz.net/roadshow01.html Roadshow 01

Dhinus http://www.flickr.com/photos/francesconegri/291042211 Roadworks

Diankarl http://www.flickr.com/photos/diankarl/2295756154 Jammed in Traffic Jam

Phil Moore http://www.flickr.com/photos/fil/74196136 Le Taxi

Daniel Green http://www.flickr.com/photos/danielgreene/314878252

Street Signs and Traffic Lights Strung Up

The Joy Of The Mundane

http://www.flickr.com/photos/mundane_joy/2267679183 Discarded Traffic Signs

Birger Hoppe http://www.flickr.com/photos/birgerhoppe/2244333601 Traffic Regulations Quiz

DonClaus http://www.flickr.com/photos/15912828@N04/2174904770 Traffic Sign New York

arbyreed http://www.flickr.com/photos/19779889@N00/1860820770 Open Road

Marilyn M http://www.flickr.com/photos/moomoo/2079979736 Toll Booth

Ian Koh http://www.flickr.com/photos/iankoh/53986355 Automatic Barrier

Jaline Sritharan www.jaline.ca/external/ffffound/carparts.jpg Car Parts

matthoov http://flickr.com/photos/mathoov/515296750 Map of USA with Plates

GlobalLogic Version 1.0 SM Service Overview

What We Do:

provides conceptualization and software development services , along with an executive advisor and access to GlobalLogic’s ecosystem of client partnerships, technology alliances and investors. Version 1.0 will enable these companies to design, build and launch software products without any internal engineering staff in a fraction of the time it might take to build alone.