Summer Startup Academy Session 3 with Jen Bonnett
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What came first, the hacker or the hustler? In Jen Bonnett's case it was the hacker. In this slide share she tells her story and describes the hatching of a new idea – Startup Chicks.
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Summer Startup Academy Session 3 with Jen Bonnett
- 2. 15 minutes of fame #StartupAcademy @Hypepotamus
- 3. The Start of My Career #StartupAcademy @Hypepotamus
- 5. Late Bloomer
- 6. Overnight Success Founded: August 1997 FF $400k: Jan 1998 Beta Launch “ProLaunch”: April 1, 1998 Out of Beta: June 1998 20 employees, new office, new name: June 1999 “Stickiest Site”: June 1999 $10m investment: July 1999 “Launch” Party: Oct 1999 500,000 Subscribers: Nov 1999 1m Subscribers: Feb 2000 2.5m Subscribers, new office: July 2000 3.7m Subscribers, 160 employees: Aug 2000 Acquisition by AskJeeves (Ask.com) June 2001
- 7. Building Your Own Cloud Insert picture of Network Map here.
- 8. Continued Life as a Hacker #StartupAcademy @Hypepotamus
- 9. Transition to Hustler 1350 Members 5 Countries 25 States 27 female founders have graduated from SCAP 2000+ Users 2nd Place StartupRiot Women 2.0 Pitch Finalist Self-funded to exit Licensing deal w/ MAJOR software company in the works Acquired by TRX last summer
- 10. Hacker vs. Hustler • Someone else’s idea. • Wrote the 1st version of the code • Wired the office, fixed the printer. • “Closer” • Grew tech team from me to 60+ people • Architect / Problem Solver • 24x7x365 job • Lots of quiet time for planning/strategizing • Pessimist • Lonely job • Usually committed to stay w/ company at exit. • My idea • Wired the office, fixed the printer. • “Cold Caller” for both Sales & Investors • Focus on “Growing company” • Cash is King • Face of the Company • 24x7x365 job • No quiet time • Optimist • Lonely job • Usually has quick earn-out at exit.
- 11. Which role are you? • Pick one idea, validate it and then, fully commit. • Have clearly defined roles for your founding team. • Whichever role you are in, fully commit to it. • Have a “startup pre-nup” – have the tough conversations. • Enjoy the ride! #StartupAcademy @Hypepotamus
Editor's Notes
- 7 startups, 1 was woman owned.
- People Magazine November 2000
- Mr. Bredder and the beginning of my career.Let to a BS in Math & CS from Dickinson College.Key Lesson: When you LOVE what your are doing, time disappears.
- Key LessonsDo things differently.Fake it till you make it.If you want something, you need to ask for it. And be willing to walk away if you don’t get it.It Takes a TeamCommunicate, Communicate, Communicate
- What was eTour.
- 2000 sq feet (14), 12000 sq ft, 62,000 sq ft$100k - $400 k in f&f1st angel round $500k10m round ~= 40m round
- Key LessonsThere is a formula that ties marketing & tech together. Without the right mix of either, a company will fail.There are different types of entrepreneurs (Lifestyle vs Startup)I have a history of teaming w/ dysfunctional CEOs.
- Key LessonsIts all about connections.CEOvs CTOStill working on it….
- 2000 sq feet (14), 12000 sq ft, 62,000 sq ft$100k - $400 k in f&f1st angel round $500k10m round ~= 40m round