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Start MIT- 10 Tips for Student Entrepreneurs - Jan 2022

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Start MIT- 10 Tips for Student Entrepreneurs - Jan 2022

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People with all different backgrounds end up on the entrepreneurial journey, and no two paths are alike. While you’re at MIT with its unique resources and community, it’s an ideal time to explore your potential paths. Join this session to hear about one founder’s accidental journey into entrepreneurship and learn about 10 key do’s and don’ts for student entrepreneurs.

People with all different backgrounds end up on the entrepreneurial journey, and no two paths are alike. While you’re at MIT with its unique resources and community, it’s an ideal time to explore your potential paths. Join this session to hear about one founder’s accidental journey into entrepreneurship and learn about 10 key do’s and don’ts for student entrepreneurs.

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Start MIT- 10 Tips for Student Entrepreneurs - Jan 2022

  1. 1. D AV I D C H A N G W W W. D AV I D C H A N G . M E @ C H A N G D S 10 Tips for Student Entrepreneurs
  2. 2. My Journey Resources Do’s & Don’ts
  3. 3. 1 of 2,000 software engineers
  4. 4. Stumbled into startup experiences
  5. 5. $ 1 1 0 M $ 2 1 0 M $ 2 7 0 M $ 1 3 5 M $ 3 0 M
  6. 6. Celebrate the highs
  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 Survive the lows
  8. 8. 80 angel investments Direct Syndicate/Fund TBD Angels
  9. 9. Spark of student entrepreneurs
  10. 10. My Journey Resources Do’s & Don’ts
  11. 11. Many flavors of entrepreneurship
  12. 12. Feasible ! Viable " Desirable ❤ Which lens do you use?
  13. 13. Begins with just an idea
  14. 14. Start or join a venture
  15. 15. Ventures created as students
  16. 16. Resources all around you
  17. 17. Independent Corporate University Accelerators & Incubators
  18. 18. bit.ly/boston-area-investors-firms Investors University Focused Corporate VC Angel Groups Seed Stage Growth Stage Early Stage VC Tech VC Healthcare, Biotech, Energy
  19. 19. What’s the best way to attract investors?
  20. 20. A Aim at a Tight Target
  21. 21. Social / Trust Your ideal investor meets 6 filters Thesis Business Model Industry Location Stage
  22. 22. B Break down Barriers
  23. 23. Improves hit rate by 10x Doesn’t start the clock Creates trend from data points When you ask for advice instead of money…
  24. 24. C Create FOMO
  25. 25. Land the anchor investor “I’m closing a round” “Can I hold a space for you?”
  26. 26. bit.ly/startresources davidchang.me/startup-tips Marketing Press / Media Freelancers Agencies National Tech Journalists Boston Tech Journalists Legal Legal Templates Accounting Recruiters Real Estate Co-working Brokers Events Event Spaces Startup Events Listings Startup Community Groups Speakers/Mentors (WIP) Boston Women Leaders Investors Guides Lists Materials / Templates University Entrepreneurship Resources Competitions Student Groups Startup Resources General Guides Development Web Dev Shops Mobile App Dev Shops Tech Talent / Advisors Mobile App Development Tools Design / UX Graphic Design Resources Full-time Freelancers Agencies Product Pros Emerging Stars
  27. 27. My Journey Resources Do’s & Don’ts
  28. 28. 10 Anchor your summit & basecamp
  29. 29. 9 Don’t share everything at once 1 Sentence 1 Paragraph 1 Page 1 Deck 1 Follow-up Deck
  30. 30. 8 Adapt content & time to the venue Home Office Coffee Shop
  31. 31. 7 Don’t overreact to feedback Incorporate feedback Double down on consistent themes Avoid whiplash changes
  32. 32. 6 Build value as a step-function Team Product Development Market Demand Product / Market Fit Business Model Execution
  33. 33. 5 Don’t run unfocused experiments
  34. 34. 4 Don’t go solo
  35. 35. 3 Find the right co-founders
  36. 36. Doer Connector Celebrity 2 Recruit advisors wisely
  37. 37. Engineer Product Management Marketing Investor Corporate Development Business Development 1 Don’t pigeonhole yourself
  38. 38. Q&A D AV I D C H A N G @ C H A N G D S

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