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How to think like a startup
Loic Le Meur
How do startup
entrepreneurs
find ideas?
“In the beginner’s mind there are many
possibilities, but in the expert’s mind
there are few”
- Shunryu Suzuki
Meditation and mindfulness is popular in
Silicon Valley and now in Davos
Airbnb started because of a shortage of hotel rooms in San Francisco
Uber started because of a shortage of cabs in Paris
French unicorn Blablacar started because of no space in high speed train
Ryan Hoover,
Product Hunt
Started just from an email list
Gathered a small community of
people addicted to new
products
Naval Ravikant,
Angel List
Weekly email of curated angel
investors
Craig Newmark,
Craigslist
Request and Gives from Craig’s
friends
Jamie Siminoff,
Ring
Tried 3 different ideas in his garage
Struggled to find initial funding
Now approaching 1,000 employe...
The Ring founding story
Create an environment for creativity - Further future
Create an environment for creativity
Create an environment for creativity
Create an environment for creativity
Create an environment for creativity
Millennials don’t
want to own
anything
Tom McLeod,
OMNI
Stores everything that clutters your
life
Millennials don’t
want to plan
anything and talk
to anyone
Facebook “M”
Millennials want
to change the
world
Improve the world
“I just wanted
more electric cars
on the road”
- Elon Musk
“Make the world better”
“All business
should make the
world better”
- Leila Janah
LXMI / Sama
“Make the world better”
Daniel
Flynn
“Thank
you”
If you set your goals
ridiculously high and it’s a
failure, you will still fail above
everyone else’s success
James Camero...
Copying fast is
okay
They don’t care about copying
...and making it better
Instagram stories
and Snapchat
stories
Snap's Spectacles are the beginning of
camera-first future
SV entrepreneurs surround themselves with
investors who provide more than $
SV entrepreneurs
launch their
product really
fast
"If you're not
embarrassed by
the first version
of your product,
you’ve launched
too late"
- Reid Hoffman
Entrepreneurs iterate quickly
Entrepreneurs
break the rules
Travis Kalanick and Uber got sued
non stop but kept going
Uber and Airbnb were illegal from
...
Entrepreneurs make everything transparent
Even your own company is rated
Entrepreneurs acknowledge issues and respond quickly
Elon Musk turns a tweet into a company wide change in 6 days
Elon Musk turns a tweet into a company wide change in 6 days
#1 Advantage
of a start up...
Speed
“We’re going in
full throttle. That
ought to keep
those fighters off
our back.”
- Luke Skywalker
Speed is the #1 competitive weapon
Rapid product beats competition
Rapid results builds team morale which leads to more su...
Always keep
momentum.
Set the time, not the output
What product can I build in:
3 months? (Directhit, Xfire)
8 days? (Hot or Not)
30 days? (Jiff...
Twitter’s MVP
Linkedin’s MVP
Facebook’s MVP
Google’s MVP
How startups win
No QA
No Usability Studies
No Focus Groups
No Politics
No Endless Debates
No Board of Directors
No Bus De...
Culture
Blablacar <> Uber
“At Google X, we
embrace failure.”
- Astro Teller
Most Startups Fail
Entrepreneurs fail fast
And pivot
Startups ranked by number of years from founding to $1 billion valuation
Flickr should have built Instagram but they
did not move fast enough
Entrepreneurs work with an ecosystem of
developers
Twitter decided developers weren’t so
important anymore
Entrepreneurs
Embrace wikipedia
style volunteer
collaboration
Slush and their 2,200 volunteers
Entrepreneurs
challenge the
current players by
re-inventing the
model
Metromile charges insurance
protection per mile
See you in
Paris
April 11-12
paris.leade.rs
Loic Le Meur
More on my newsletter at
leade.rs/loicnewsletter
facebook.com/loi...
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How to think like a startup v3

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10 years in Silicon Valley lessons learned

Published in: Business

How to think like a startup v3

  1. How to think like a startup Loic Le Meur
  2. How do startup entrepreneurs find ideas?
  3. “In the beginner’s mind there are many possibilities, but in the expert’s mind there are few” - Shunryu Suzuki
  4. Meditation and mindfulness is popular in Silicon Valley and now in Davos
  5. Airbnb started because of a shortage of hotel rooms in San Francisco
  6. Uber started because of a shortage of cabs in Paris
  7. French unicorn Blablacar started because of no space in high speed train
  8. Ryan Hoover, Product Hunt Started just from an email list Gathered a small community of people addicted to new products
  9. Naval Ravikant, Angel List Weekly email of curated angel investors
  10. Craig Newmark, Craigslist Request and Gives from Craig’s friends
  11. Jamie Siminoff, Ring Tried 3 different ideas in his garage Struggled to find initial funding Now approaching 1,000 employees
  12. The Ring founding story
  13. Create an environment for creativity - Further future
  14. Create an environment for creativity
  15. Create an environment for creativity
  16. Create an environment for creativity
  17. Create an environment for creativity
  18. Millennials don’t want to own anything
  19. Tom McLeod, OMNI Stores everything that clutters your life
  20. Millennials don’t want to plan anything and talk to anyone
  21. Facebook “M”
  22. Millennials want to change the world
  23. Improve the world “I just wanted more electric cars on the road” - Elon Musk
  24. “Make the world better” “All business should make the world better” - Leila Janah LXMI / Sama
  25. “Make the world better” Daniel Flynn “Thank you”
  26. If you set your goals ridiculously high and it’s a failure, you will still fail above everyone else’s success James Cameron (Avatar)
  27. Copying fast is okay
  28. They don’t care about copying ...and making it better
  29. Instagram stories and Snapchat stories
  30. Snap's Spectacles are the beginning of camera-first future
  31. SV entrepreneurs surround themselves with investors who provide more than $
  32. SV entrepreneurs launch their product really fast
  33. "If you're not embarrassed by the first version of your product, you’ve launched too late" - Reid Hoffman
  34. Entrepreneurs iterate quickly
  35. Entrepreneurs break the rules Travis Kalanick and Uber got sued non stop but kept going Uber and Airbnb were illegal from day one in many places but kept operating
  36. Entrepreneurs make everything transparent
  37. Even your own company is rated
  38. Entrepreneurs acknowledge issues and respond quickly
  39. Elon Musk turns a tweet into a company wide change in 6 days
  40. Elon Musk turns a tweet into a company wide change in 6 days
  41. #1 Advantage of a start up... Speed
  42. “We’re going in full throttle. That ought to keep those fighters off our back.” - Luke Skywalker
  43. Speed is the #1 competitive weapon Rapid product beats competition Rapid results builds team morale which leads to more success Rapid results generate more interest Rapid results increases valuation (NFX Guild)
  44. Always keep momentum.
  45. Set the time, not the output What product can I build in: 3 months? (Directhit, Xfire) 8 days? (Hot or Not) 30 days? (Jiff) 1 month? (Meerkat) (NFX Guild)
  46. Twitter’s MVP
  47. Linkedin’s MVP
  48. Facebook’s MVP
  49. Google’s MVP
  50. How startups win No QA No Usability Studies No Focus Groups No Politics No Endless Debates No Board of Directors No Bus Dev Deals No PR No Marketing Spend No Budgeting Process (NFX Guild)
  51. Culture Blablacar <> Uber
  52. “At Google X, we embrace failure.” - Astro Teller
  53. Most Startups Fail
  54. Entrepreneurs fail fast
  55. And pivot
  56. Startups ranked by number of years from founding to $1 billion valuation
  57. Flickr should have built Instagram but they did not move fast enough
  58. Entrepreneurs work with an ecosystem of developers
  59. Twitter decided developers weren’t so important anymore
  60. Entrepreneurs Embrace wikipedia style volunteer collaboration Slush and their 2,200 volunteers
  61. Entrepreneurs challenge the current players by re-inventing the model Metromile charges insurance protection per mile
  62. See you in Paris April 11-12 paris.leade.rs Loic Le Meur More on my newsletter at leade.rs/loicnewsletter facebook.com/loic twitter.com/loic instagram.com/loic loic@leade.rs

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