Keep Calm and Carry On

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The Fourth VentureConnect Edition.

Published in: Business, Economy & Finance

Keep Calm and Carry On

  1. 1. KEEP CALM AND CARRY ON@emigal | www.emigal.com
  2. 2. @emigal | www.emigal.com
  3. 3. A startup is a bit like Poland during WW2 (but without the support of Britain & France)@emigal | www.emigal.com
  4. 4. Everything that can go wrong, will. NO, REALLY. IT WILL.@emigal | www.emigal.com
  5. 5. Three things that will give you ULCER@emigal | www.emigal.com
  6. 6. Three things that will give you ULCER THE PRODUCT WILL SUCK (one way or another)@emigal | www.emigal.com
  7. 7. Three things that will give you ULCER THE PRODUCT RAISING MONEY WILL SUCK WILL HURT (one way or (like, quite another) literally)@emigal | www.emigal.com
  8. 8. Three things that will give you ULCER THE PRODUCT RAISING MONEY YOUR ESTIMATES WILL SUCK WILL HURT WILL BE WRONG (one way or (like, quite (all of them, another) literally) without doubt)@emigal | www.emigal.com
  9. 9. Why I’m here today Over the past six years, I’ve founded, invested or been involved with: For the past two years, I’ve been living in London (and I’ve learnt a lot from that).@emigal | www.emigal.com
  10. 10. So, let’s talk about the product@emigal | www.emigal.com
  11. 11. So, let’s talk about the product The Product is Awesome (but nobody uses it)@emigal | www.emigal.com
  12. 12. @emigal | www.emigal.com
  13. 13. So, let’s talk about the product The Product is Awesome (but nobody uses it)@emigal | www.emigal.com
  14. 14. So, let’s talk about the product The Product is Awesome (but nobody uses it) Wait.@emigal | www.emigal.com
  15. 15. So, let’s talk about the product The Product is Awesome (but nobody uses it) Wait. Iterate.@emigal | www.emigal.com
  16. 16. move quickly@emigal | www.emigal.com
  17. 17. So, let’s talk about the product The Product is Everyone wants Awesome the product (but nobody (but the product uses it) sucks)@emigal | www.emigal.com
  18. 18. @emigal | www.emigal.com
  19. 19. So, let’s talk about the product The Product is Everyone wants Awesome the product (but nobody (but the product uses it) sucks)@emigal | www.emigal.com
  20. 20. So, let’s talk about the product The Product is Everyone wants Awesome the product (but nobody (but the product Improve uses it) sucks) it as fast as you can.@emigal | www.emigal.com
  21. 21. So, let’s talk about the product The Product is Everyone wants Your product sucks Awesome the product and nobody uses it (but nobody (but the product (well, not much more uses it) sucks) to say here)@emigal | www.emigal.com
  22. 22. move quickly@emigal | www.emigal.com
  23. 23. Fundraising will be painful@emigal | www.emigal.com
  24. 24. Fundraising will be painful INVESTORS HAVE NO CLUE (about pretty much anything)@emigal | www.emigal.com
  25. 25. Fundraising will be painful INVESTORS IT’S ALL ABOUT HAVE NO CLUE THE MONEY (about pretty much (although they claim anything) it ain’t)@emigal | www.emigal.com
  26. 26. Fundraising will be painful INVESTORS IT’S ALL ABOUT IT WILL TAKE LONGER HAVE NO CLUE THE MONEY THAN YOU EXPECT (about pretty much (although they claim (as in, WAY longer) anything) it ain’t)@emigal | www.emigal.com
  27. 27. Investors have no clue (ok, maybe 2% of them do)@emigal | www.emigal.com
  28. 28. Investors have no clue (ok, maybe 2% of them do) I’VE MET ABOUT 100 INVESTORS (Just a handful get what we do at Brainient)@emigal | www.emigal.com
  29. 29. Investors have no clue (ok, maybe 2% of them do) I’VE MET ABOUT THEY SPREAD 100 INVESTORS THEMSELVES TOO (Just a handful get THIN what we do at (I am yet to see an Brainient) investor that only meets startups they understand)@emigal | www.emigal.com
  30. 30. Investors have no clue (ok, maybe 2% of them do) I’VE MET ABOUT THEY SPREAD ENTREPRENEURS 100 INVESTORS THEMSELVES TOO ARE USUALLY (Just a handful get THIN MUCH SMARTER what we do at (I am yet to see an (No, really) Brainient) investor that only meets startups they understand)@emigal | www.emigal.com
  31. 31. @emigal | www.emigal.com
  32. 32. It’s all about the money (and who can blame them?) “Listen! We’re not just doing this for the money! We’re doing this for a SHITLOAD of money!” Lone Starr (Bill Pullman)@emigal | www.emigal.com
  33. 33. Again. Everything that can go wrong, will. (especially when you’re raising money)@emigal | www.emigal.com
  34. 34. @emigal | www.emigal.com
  35. 35. ALL your estimates will be WRONG (well, mine were)@emigal | www.emigal.com
  36. 36. ALL your estimates will be WRONG (well, mine were) PRODUCT (will take two times longer - if you’re lucky)@emigal | www.emigal.com
  37. 37. ALL your estimates will be WRONG (well, mine were) PRODUCT RAISING MONEY (will take two times (will take three longer - if you’re times longer. Unless lucky) you’re dating a VC)@emigal | www.emigal.com
  38. 38. ALL your estimates will be WRONG (well, mine were) PRODUCT RAISING MONEY MAKING MONEY (will take two times (will take three (slash that Budget of longer - if you’re times longer. Unless yours in two. That’s lucky) you’re dating a VC) more like it)@emigal | www.emigal.com
  39. 39. You WILL have near death experiences. Quite a few of them, actually. (a short story on what you should expect)@emigal | www.emigal.com
  40. 40. @emigal | www.emigal.com
  41. 41. If Poland made it, so can we. (I sure hope there are no Polish people in the room)@emigal | www.emigal.com

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