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How to start a startup

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How to start a startup

  1. 1. How to start a startup
  2. 2.  What is entrepreneurship?  What is a startup?  Wrong reasons to start a startup.  ‘I have an idea, now what?’
  3. 3. 1. What is entrepreneurship?
  4. 4. “The capacity and willingness to develop, organize and manage a business venture along with any of its risks in order to make a profit.
  5. 5. 2. The myths about entrepreneurs.
  6. 6. 1. Entrepreneurs are born not made. 2. Individual start companies. 3. Entrepreneur are the smartest people. 4. All leaders are charismatic. 5. Entrepreneur love risks. 6. Entrepreneurs are undisciplined.
  7. 7. 3. What is a startup?
  8. 8. “A startup is a company working to solve a problem where the solution is not obvious and success is not guaranteed.
  9. 9. 4. Wrong reasons to start a startup.
  10. 10. 1. Money 2. “Khud ka Boss” – be my own boss 3. Fame 4. “Aur koi option nahi bacha.” – no option left
  11. 11. “To solve a problem. To make this world a better place. The correct reason:
  12. 12. 5. Do I need a cofounder?
  13. 13. “What would happen if a bus rams you down one day? The business dies. - Kevin O’leary
  14. 14. “"My partners ... taught me that in order to create wealth, I needed to pair up with people whose strengths compensated for my weaknesses." - Kevin O’leary
  15. 15. 6. ‘I have an idea, now what?’
  16. 16. A. Who is your customer?  Who experience a similar need  To whom you could deliver your solution at similar cost  And who would buy it at similar price
  17. 17. B. Avoid Competition  All happy companies are different  Compete if you have a product that is 10x better.
  18. 18. C. Go for monopoly.
  19. 19. D. Build. Test. Improve your MVP.  Ideation – Human centered design approach.  Launch fast and Improve.
  20. 20. THE EQUITY SPLIT
  21. 21. Equity Split  Start with equal equity split.  Use vesting equity. 0 12% 25% 37% 50% - 1st year 2nd year 3rd year 4th year Company owenwership overtime 0 12% 25% 37% 50% Start 1st year 2nd year 3rd year 4th year Company owenwership overtime with cliff 12%
  22. 22. THANKS! Follow me: @saurabh_io http://saurabh.io

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