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Babson College - New Tech Ventures Class - Sept 2018

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Experiences in launching tech-enabled startup ventures and some general tips and lessons learned

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Babson College - New Tech Ventures Class - Sept 2018

  1. 1. BABSON COLLEGE NEW TECH VENTURES Adventures in launching tech ventures David Chang Entrepreneur & Angel Investor @changds
  2. 2. My
 Journey Starting a Tech Venture Live
 Case
  3. 3. $ 1 1 0 M $ 2 1 0 M $ 2 7 0 M $ 1 3 5 M
  4. 4. Direct Via Syndicate/Fund ANGEL INVESTMENTS
  5. 5. Building Investing Connecting
  6. 6. THE LOWS
  7. 7. David Chang, startup evangelist, parts ways with Boston’s PayPal office after shakeup David Chang out as head of PayPal's Boston office THE LOWS
  8. 8. THE HIGHS
  9. 9. Starting a Tech Venture
  10. 10. Founders Tips
  11. 11. IDEAS ALONE ARE WORTHLESS
  12. 12. DON’T GO SOLO
  13. 13. FIND THE RIGHT CO-FOUNDERS
  14. 14. Do you need to be technical to start a tech venture?
  15. 15. Feasible
  16. 16. Viable
  17. 17. Desirable
  18. 18. Feasible ViableDesirable
  19. 19. WHERE TO FIND TECHNICAL CO-FOUNDERS • Student groups, meetups (part-time)
 
 • Industry • Veterans in between gigs • Open to moonlighting (part-time) • Freelancers – see startup resources list
  20. 20. Execution Tips
  21. 21. WHAT’S YOUR NORTH STAR?
  22. 22. HOW WILL YOU GET THERE?
  23. 23. VALUE BUILDS IN STEPS Team Product Development Market Demand Product / Market Fit Business Model Execution See www.techcrunch.com/2015/06/24/running-out-of-money-isnt-a-milestone
  24. 24. FUNDRAISING SWEET SPOT
  25. 25. 1.10 ^ 12 = 3.1 1.01 ^ 365 = 37.8
  26. 26. FOCUS PIVOT
  27. 27. Live
 Case
  28. 28. WHAT DETERMINES SUCCESS?
  29. 29. Source: Bill Gross www.ted.com/talks/bill_gross_the_single_biggest_reason_why_startups_succeed
  30. 30. TAKE ADVANTAGE OF THIS TIME
  31. 31. WORK THE NETWORK
  32. 32. Q&A David Chang @changds

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