Webvisions 2008: Avoiding the VC Trap

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Slides from this year's Webvisions talk, where I talk about how to run a web business that doesn't need to take funding.

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Webvisions 2008: Avoiding the VC Trap

  1. Avoiding the VC Trap Matt Haughey | Webvisions 2008
  2. How to run a successful web business you actually like, doing what you love, and on your own terms
  3. Defining some terms
  4. Why talk about funding?
  5. Paul Graham
  6. Paul Graham
  7. “You might as well be running a shoe store”
  8. What does venture capital do right?
  9. It funds innovation
  10. Gets grown-ups involved
  11. It fuels a cycle that lets really big ideas take off
  12. The downsides
  13. Strings attached
  14. Not the finish, just the begining
  15. Investors want exits, not zombies
  16. Too much
  17. The Myth of the Superstar
  18. What about the great big middle? 2007 2008 2009 2010
  19. Lifestyle Business “Lifestyle Businesses are businesses that are set up and run by their founders primarily with the aim of sustaining a particular level of income and no more; or to provide a foundation from which to enjoy a particular lifestyle.”
  20. Lifestyle Business “Lifestyle Businesses are businesses that are set up and run by their founders primarily with the aim of sustaining a particular level of income and no more; or to provide a foundation from which to enjoy a particular lifestyle.”
  21. Some ideas for running a successful business online
  22. Find your passion
  23. Build the app you always wanted
  24. Continually improve it
  25. Be the best, most active user of the product
  26. Start small, stay small
  27. Keep your dayjob
  28. Figure out a way to make it pay
  29. Charge something
  30. Do the math $5 x 1,700 users x 12 months = $102,000/year
  31. Free version Pro version
  32. Everyone pays (but with a free trial)
  33. Advertising, sponsorships, memberships, donations
  34. You gotta make it through the slog
  35. Some examples
  36. Web app model
  37. Software house
  38. Community model
  39. Sole Writer/Designer
  40. Conclusions
  41. It’s 2008
  42. Hardware: cheap
  43. Software: cheap
  44. Programming frameworks: plentiful
  45. Chances you will make $1 billion: slim
  46. Chances you will make $100k: good
  47. Total funds needed to launch: $100/mo
  48. Thanks. Questions? Background photos used: cash: Tracey O http://www.flickr.com/photos/tracy_olson/ office building: *Solar ikon* http://flickr.com/photos/chunyang/2210171888/ shoes: Kai Hendry http://flickr.com/photos/hendry/298879660/ grownups: laffy4k http://flickr.com/photos/laffy4k/52061780/ strings: Meanest Indian http://www.flickr.com/photos/meanestindian/328065491/ finish line: Chris Breeze http://www.flickr.com/photos/92833011@N00/270157428/ zombies: atp tyreseus http://www.flickr.com/photos/tyreseus/219645014/ light bulb: greg westfall http://www.flickr.com/photos/gregwestfall/2049488135/ bigwheel crash: sloanro http://www.flickr.com/photos/rs/129806614/ small bug: woodleywonderworks http://www.flickr.com/photos/wwworks/2313927146/ work desk: ten safe frogs http://www.flickr.com/photos/tensafefrogs/7393410/ passion: torroid http://www.flickr.com/photos/torroid/2507357073/in/photostream/ webappschematic: jazzmasterson http://www.flickr.com/photos/jazzmasterson/3038597/ bestuser: top pocket man http://www.flickr.com/photos/mightyjc/111784097/ treadmill: maHidoodi http://www.flickr.com/photos/mahidoodi/199747855/

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