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Starting a tech start-up?

Myanmar Opensource Opensource
Myanmar Opensource Opensource
Myanmar Opensource OpensourceCo-Founder at Myanmar open-source Community

Starting a tech start-up?

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eventnook
connecting people with inspiring events
22-Jan-2014
Agenda
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•
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•
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Background
Tech Startup Basic 101
Business Plan
Competition
Types of Internet startups
Basic Formula
Fund Raising
Background
•
•
•
•

Programmer since 2000 till now
2004 - Programmer Job in Bangkok
2005 – 2010 Programmer Job in Singapore
2010 – 2013 Programmer Job in EventNook
•
•
•
•
•
•
•
•
•

Tech Startup
Basic 101

What type of company? - Product vs Service
Who are you customer? Target Audience
What problem are you solving?
Vitamin vs Pain Killer
User vs Customer (Who Use VS Who Pay)
What’s Total Addressable Market Size (TAM)?
Minimum Viable Product (MVP)
How to validate your idea?
Nobody steal your stupid idea! - Don’t be afraid of
stealing your idea!
• Talk to your customer - Get out of the building (Steve
Blank)
• How do you know if it’s a good idea?
Basic 101
•
•
•
•
•
•
•

Fail Fast, Learn Fast
Product Market Fit
Founder Product Fit
First mover advantage (pros & cons)
New idea
Ideas Vs Execution
Never Overnight success – it’s just they don’t tell
Business Planning
• Do you need a business plan?
• You don’t need a big grand plan – but you need a
project plan to manage and track your progress
• Both Big Picture and Accomplish days to day
• Discipline
Ad

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Starting a tech start-up?

  • 1. eventnook connecting people with inspiring events 22-Jan-2014
  • 2. Agenda • • • • • • • Background Tech Startup Basic 101 Business Plan Competition Types of Internet startups Basic Formula Fund Raising
  • 3. Background • • • • Programmer since 2000 till now 2004 - Programmer Job in Bangkok 2005 – 2010 Programmer Job in Singapore 2010 – 2013 Programmer Job in EventNook
  • 4. • • • • • • • • • Tech Startup Basic 101 What type of company? - Product vs Service Who are you customer? Target Audience What problem are you solving? Vitamin vs Pain Killer User vs Customer (Who Use VS Who Pay) What’s Total Addressable Market Size (TAM)? Minimum Viable Product (MVP) How to validate your idea? Nobody steal your stupid idea! - Don’t be afraid of stealing your idea! • Talk to your customer - Get out of the building (Steve Blank) • How do you know if it’s a good idea?
  • 5. Basic 101 • • • • • • • Fail Fast, Learn Fast Product Market Fit Founder Product Fit First mover advantage (pros & cons) New idea Ideas Vs Execution Never Overnight success – it’s just they don’t tell
  • 6. Business Planning • Do you need a business plan? • You don’t need a big grand plan – but you need a project plan to manage and track your progress • Both Big Picture and Accomplish days to day • Discipline
  • 7. Competition • • • • • • Blue Ocean strategy Should you be worried about competition? Should you be worried about big company? When people says you are in the crowed market No competition could be a sign of bad idea You should be worried if you can’t even make One customer happy while your competitors can make thousands happy • Competitors don’t kill – Startups dies because they can’t make progress! • Why big companies lose out startups?
  • 8. Types of Tech Startups • • • • • B2C, B2B, C2C Consumer based internet startup Freemium, Subscription Per transaction Advertising
  • 9. Basic Formula • • • • • • Profit = Revenue - Cost Life Time Value (LTV) Cost of Acquisition Red sign - Cost of Acquisition > LTV How cheap can you get a customer? – Growth Hacking
  • 10. Funding • • • • • • What’s bootstrapping? What’s Angel Funding, Series A, Series B, etc? Angel investor Vs Venture Capital Equity funding vs Loan How easy to get funding? Should you raise money?
  • 11. Is Startup Fun? – • Absolutely Not Myths about Startup • Startup is cool – yes, in the movie – Facebook • Be your own boss – Work hours flexible - but…. • Wow, you are on the way to Millionaires – but…. When it’s fun?
  • 12. What programmers can empower people • Start School vs KhanAcademy.com • Build hotels vs AirBnb.com • Taxi company vs Uber app • Open a music store vs Soundcloud • Hollywood vs YouTube (Gangnam - 1.8 billion views) • Encyclopedia vs Wikipedia • Start paper publishing vs Wordpress,Tumblr • Start an event company vs EventNook.com :) • etc etc
  • 13. It’s happening because of • Cheap Cloud Computing (power of cloud) • Internet access to billions of population • Smart Devices, Credit Card, etc • Changes of market & distribution (E.g., social media, app store, etc)
  • 14. The best time to be the programmer. This is just the beginning of the change coming!
  • 15. Thank You! Kyaw Lin Oo Founder of EventNook Email: k@eventnook.com