Launch Your Startup Idea for Less than $1,000

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Skillshare Class: http://skl.sh/RZUwl5

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Launch Your Startup Idea for Less than $1,000

  1. 1. How to Launch Your Startup Idea Michael Karnjanaprakorn, @mikekarnj CEO/co-founder, @skillshare http://skillshare.com
  2. 2. Background
  3. 3. The biggest cost to a startup is time, not money. Most start-ups fail not becausethe technology doesn’t work, but because they are creating the wrong product for the wrong market.
  4. 4. I. FINDING YOUR IDEA Goal: Find a problem you’re passionate about solving.
  5. 5. Start With Why
  6. 6. Climbing the Entrepreneurial Ladder
  7. 7. List of Ideas
  8. 8. II. DEFINING YOUR MVP
  9. 9. Q: Is this problem worth solving? Answer by talking to users.Q: What’s the solution to this problem? Answer is MVP.
  10. 10. 5-Step Process: 1. Communicating Your Idea2. Running Customer Interviews 3. Brainstorming Solutions 4. Refining your MVP 5. Setting initial goals
  11. 11. Customer Interviews1. Why wouldn’t Skillshare work? 2. Why would Skillshare fail?
  12. 12. Example: Skillshare 1) 1,000 email addresses 2) Sell out all of our initial classes (3 per month x 3 months)All on a budget of $5,000 without writing one line of backend code
  13. 13. Skillshare Alpha Website
  14. 14. Marketing
  15. 15. Marketing
  16. 16. The biggest cost to a startup is time, not money. Most start-ups fail not becausethe technology doesn’t work, but because they are creating the wrong product for the wrong market.

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