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1
BIRTH,
GROWTH,
and DEATH
of a startup
Yaroslav Kaplan
ex-CEO FunLight
ABOUT ME
2
FUNLIGHT
3
MY GOALS
4
1. Share experience
2. Help to avoid mistakes
3. Inspire
Idea Team
MVP Fundraising
Events
Product Traction
Attitude
WHAT WE DID
5
HOW IT WORKED
6
IDEA
7
LESSON LEARNED #1
8
Ideation starts with a real-life
problem
Make sure it's huge*
Check for current solutions
TEAM
9
Share risks
Combine skills
Reach more
VCs do not invest in solo
entrepreneurs
LESSON LEARNED #2
10
The co-founders’ skills must be complementary
Most preferably tech+sales
Sign a memo on-shore
MVP
11
LESSON LEARNED #3
12
Cheap and fast prototype
Test for feedback ($)
Improve
FUNDRAISING
13
FFF
Angel
Seed
Series A, B, C
● Make sure you want to
do this for a long-time
● Find great co-founders
● Identify the market and
a need
$5k
$20k
$100k
$500k+
● Create the MVP
● Validate it on early
adopters
● Confirm the TAM can be
huge
● Hire qualified professionals
● Build scalable tech/process
● Find scalable strategy
LESSON LEARNED #4
14
Identify target angels/funds
Grow your network
Look widely
PRODUCT
15
The goal of a startup is
to solve a customer’s problem
like no one else does
so effectively that a customer
is ready to pay for that
LESSON LEARNED #5
16
Customer ≠ User
Users don't care about
technology. Value rules
Observe, interview, iterate
TRACTION
17
A heartrate of a startup
#1 interest for investors
Exit vs Dividends
LESSON LEARNED #6
18
Set KPIs
Growth > Profit
Control burn rate
EVENTS
19
Poor content
Networking
Time and money
LESSON LEARNED #7
20
Value your time
Do your homework
Stick to your daily job
ATTITUDE
21
Uncertainty
Dedication
Internal energy & optimism
LESSON LEARNED #8
22
Much harder than expected
A tree, not a child
Failure > Reflection > Growth
SO, WHAT'S NEXT?
23
24
XR STUDIO
Interactive
Projections
Augmented
Reality
25
Virtual Reality Video 360°
26
INDUSTRIES
27
OUR WORKS
Digital mirror with AR
28
FRONTIER
XR Sculpture Exhibition
29
WORKFLOW
3D scan
video 360°
3D models
VR app
AR app
edit
30
3D SCANNING
31
3D MODELLING
32
EDIT 360
33
AR APP
34
VR APP
35
TECHNOLOGY STACK
36
Thanks
www.immersense.co

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Yaroslav Kaplan. Birth, Growth and Death of a Startup