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KEY RESOURCES
FOR A TECH STARTUP
Image Source: http://goo.gl/Lqw2fr
Ankur Kumar
2006B3A7G
Co-Founder, Get Me Roof
Ex-Ola, Housing, BigBHK, Oracle
AGENDA
• Current endeavour
• What is a Tech Startup?
• Key Resources
• Do’s/Don’ts
• Learning Resources
• Q/A
GET ME ROOF
• Property marketplace offering personalized
property suggestions
• Started in July ’18, 2 Co-Founders, 6-memberteam
• Live in Bangalore, Mumbai, Navi Mumbai
• Company building tech products or tech-enabled
products/services
Few ex –
• Ed-Tech: Byju’s, Unacademy
• Prop-Tech: Housing, Commonfloor, Get Me Roof
• Fin-Tech: Zerodha, Groww
• Food-Tech: Swiggy, Zomato
WHAT IS A TECH STARTUP?
Few ex -
• Transport-Tech: Ola, Vogo, ZoomCar
• FMCG-Tech: BigBasket, Grofers
• Core Tech: GitLab, Codeacademy
• SaaS: Freshworks, Zoho
WHAT IS A TECH STARTUP?....
KEY RESOURCES
• Scouting ideas -> Read market, startup trends, hot
sectors, niche problem statements
• Already have an idea but not sure -> Market
research, Domain expert’s review
• Talk to prospective customers, make something
that people want
• Confident about idea -> Just start!
Caution:
1. Keep hard timelines to your plan
2. Big market size
IDEATION
IDEATION…
http://www.paulgraham.com/start.html
TEAM BUILDING
• People in network: Friends, Colleagues,
Acquaintances
• Passion and problem statement should be aligned
Platforms/Groups: StartupSaturday,
StartupSchool
Events: Techsparks, Pulse42, REAP and many
more..
Caution:
1. Role division: Product, Tech, Business,
Marketing….
2. Go-to-Market strategy
3. Equity vesting terms -> Avoids Co-Founder
FINANCIAL PLANNING
• Have you calculated your monthly expenses?
• How much runway you and team has got?
• Do you require upfront capital or can bootstrap?
• Meeting infrastructure cost for at least 2 years
Caution:
1. Do not jump until you do
adequate planning
2. Work on idea part time
until you have things laid out
3. Be frugal
Image Source: http://goo.gl/JqcKmJ
JUMP!
Image Source: http://goo.gl/LgttVO
BUILDING MVP
• Before MVP, launch an alpha version
• Follow: ‘Ship & Test’, ‘Code & Sell’
• Observe live product usage by customers - Must!
• Quick feedback and iterations, launch beta/MVP
Caution:
1. Don’t delay alpha: Should be ashamed of launch
2. Process is iterative, don’t lose patience
ADOPTION & MARKET FIT
• Spend more time in selling
• Increase stickiness: Assess user engagement using
tracking tools – Mixpanel, Google Analytics
• Quick experiments, A/B Testing
• Crave to maintain a product differentiation: Keep
innovating
Caution:
1. Adoption and market fit takes time - months, years!
90% startups fail
2. Pivot when required
CROSSING THE CHASM
Image Source: http://goo.gl/tZXQpX
CROSSING THE CHASM…
Video:
https://goo.gl/zs8s73
BUSINESS MODEL
• Prerequisite: Some traction
• Who is your customer?
• Experiment on right pricing, works differently for
B2B/B2C products
B2B: Long sales cycle, more ticket size, recurring
payment
B2C: Number of monetizable consumers, thin margin
Caution:
1. For B2B: Impact at B2B2C level: Freshworks, Zoho
2. For B2C: Customer loyalty, network effect
GROWTH / FUNDRAISING
• Do you really need money?
• How much you need?
• Incubators, Accelerators, Startup Competitions,
Friends/Senior Executives, Seed, Angels, VCs
• Incubators: NSRCEL, Nasscom 10000 Startups..
• Accelerators: Tlabs, Kyron Global, Microsoft,
Target, Cisco, NetApp, Brigade REAP
• Seed/Angels/VCs: Y-Combinator, Matrix, Nexus,
Sequoia…
• Server Credits: AWS Activate, Azure, Google
Cloud, Digital Ocean
GROWTH / FUNDRAISING…
• Make profile on AngelList, LetsVenture, Tracxn,
f6s
Caution:
1. From a 'Yes’ to bank inflow: 3-6 months
2. Find investors with interest overlap, important to
keep entrepreneurial spirit alive
EXIT
• Every investor will ask you about it
• Figure out as you progress – post 5 years,
things get clear
• Growth, M&A, IPO
Caution:
1. Take logical decisions and not emotional ones
2. Entrepreneurial bug bites 
END RESULT
• Joy of building, selling and owning a brand
• Test yourself against thick and thin, a roller-
coaster journey
• Fast skill-set development
• Lifetime experience
• Confidence to do anything
• Stick on wall:
“Trying and failing is better than not trying at all”
DO’S & DON’TS
• Start if
-Can improvise - you will always have limited
resources
-Not afraid of failing in the market, can pivot
-Keen to work hard and persevere
Don’t start if
-Find it cool
-Risk averse
-Bad at financial planning
LEARNING RESOURCES
Must Read Books/Articles -
• Paul Graham Essays
• The Habit of Winning - Prakash Iyer
• Crossing the Chasm - Geoffrey A. Moore
• The Lean Startup - Eric Ries
LEARNING RESOURCES
Blogs/Magazines/Newspapers
• http://www.paulgraham.com/
• http://blog.ycombinator.com
• http://www.entrepreneur.com/
• http://www.yourstory.com
• http://techcrunch.com/
• http://www.investopedia.com/
• http://economictimes.indiatimes.com/
• http://www.businessworld.in/
THANK YOU!
• Email: ankur@getmeroof.com
• Contact No: +91-97392-13628
Starting something? Write to me for anything!
Q/A

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Key Resources for a Tech Startup - Guest Talk - BITS Pilani [4 Sep '19]

  • 1. KEY RESOURCES FOR A TECH STARTUP Image Source: http://goo.gl/Lqw2fr Ankur Kumar 2006B3A7G Co-Founder, Get Me Roof Ex-Ola, Housing, BigBHK, Oracle
  • 2. AGENDA • Current endeavour • What is a Tech Startup? • Key Resources • Do’s/Don’ts • Learning Resources • Q/A
  • 3. GET ME ROOF • Property marketplace offering personalized property suggestions • Started in July ’18, 2 Co-Founders, 6-memberteam • Live in Bangalore, Mumbai, Navi Mumbai
  • 4. • Company building tech products or tech-enabled products/services Few ex – • Ed-Tech: Byju’s, Unacademy • Prop-Tech: Housing, Commonfloor, Get Me Roof • Fin-Tech: Zerodha, Groww • Food-Tech: Swiggy, Zomato WHAT IS A TECH STARTUP?
  • 5. Few ex - • Transport-Tech: Ola, Vogo, ZoomCar • FMCG-Tech: BigBasket, Grofers • Core Tech: GitLab, Codeacademy • SaaS: Freshworks, Zoho WHAT IS A TECH STARTUP?....
  • 7. • Scouting ideas -> Read market, startup trends, hot sectors, niche problem statements • Already have an idea but not sure -> Market research, Domain expert’s review • Talk to prospective customers, make something that people want • Confident about idea -> Just start! Caution: 1. Keep hard timelines to your plan 2. Big market size IDEATION
  • 9. TEAM BUILDING • People in network: Friends, Colleagues, Acquaintances • Passion and problem statement should be aligned Platforms/Groups: StartupSaturday, StartupSchool Events: Techsparks, Pulse42, REAP and many more.. Caution: 1. Role division: Product, Tech, Business, Marketing…. 2. Go-to-Market strategy 3. Equity vesting terms -> Avoids Co-Founder
  • 10. FINANCIAL PLANNING • Have you calculated your monthly expenses? • How much runway you and team has got? • Do you require upfront capital or can bootstrap? • Meeting infrastructure cost for at least 2 years Caution: 1. Do not jump until you do adequate planning 2. Work on idea part time until you have things laid out 3. Be frugal Image Source: http://goo.gl/JqcKmJ
  • 12. BUILDING MVP • Before MVP, launch an alpha version • Follow: ‘Ship & Test’, ‘Code & Sell’ • Observe live product usage by customers - Must! • Quick feedback and iterations, launch beta/MVP Caution: 1. Don’t delay alpha: Should be ashamed of launch 2. Process is iterative, don’t lose patience
  • 13. ADOPTION & MARKET FIT • Spend more time in selling • Increase stickiness: Assess user engagement using tracking tools – Mixpanel, Google Analytics • Quick experiments, A/B Testing • Crave to maintain a product differentiation: Keep innovating Caution: 1. Adoption and market fit takes time - months, years! 90% startups fail 2. Pivot when required
  • 14. CROSSING THE CHASM Image Source: http://goo.gl/tZXQpX
  • 16. BUSINESS MODEL • Prerequisite: Some traction • Who is your customer? • Experiment on right pricing, works differently for B2B/B2C products B2B: Long sales cycle, more ticket size, recurring payment B2C: Number of monetizable consumers, thin margin Caution: 1. For B2B: Impact at B2B2C level: Freshworks, Zoho 2. For B2C: Customer loyalty, network effect
  • 17. GROWTH / FUNDRAISING • Do you really need money? • How much you need? • Incubators, Accelerators, Startup Competitions, Friends/Senior Executives, Seed, Angels, VCs • Incubators: NSRCEL, Nasscom 10000 Startups.. • Accelerators: Tlabs, Kyron Global, Microsoft, Target, Cisco, NetApp, Brigade REAP • Seed/Angels/VCs: Y-Combinator, Matrix, Nexus, Sequoia… • Server Credits: AWS Activate, Azure, Google Cloud, Digital Ocean
  • 18. GROWTH / FUNDRAISING… • Make profile on AngelList, LetsVenture, Tracxn, f6s Caution: 1. From a 'Yes’ to bank inflow: 3-6 months 2. Find investors with interest overlap, important to keep entrepreneurial spirit alive
  • 19. EXIT • Every investor will ask you about it • Figure out as you progress – post 5 years, things get clear • Growth, M&A, IPO Caution: 1. Take logical decisions and not emotional ones 2. Entrepreneurial bug bites 
  • 20. END RESULT • Joy of building, selling and owning a brand • Test yourself against thick and thin, a roller- coaster journey • Fast skill-set development • Lifetime experience • Confidence to do anything • Stick on wall: “Trying and failing is better than not trying at all”
  • 21. DO’S & DON’TS • Start if -Can improvise - you will always have limited resources -Not afraid of failing in the market, can pivot -Keen to work hard and persevere Don’t start if -Find it cool -Risk averse -Bad at financial planning
  • 22. LEARNING RESOURCES Must Read Books/Articles - • Paul Graham Essays • The Habit of Winning - Prakash Iyer • Crossing the Chasm - Geoffrey A. Moore • The Lean Startup - Eric Ries
  • 23. LEARNING RESOURCES Blogs/Magazines/Newspapers • http://www.paulgraham.com/ • http://blog.ycombinator.com • http://www.entrepreneur.com/ • http://www.yourstory.com • http://techcrunch.com/ • http://www.investopedia.com/ • http://economictimes.indiatimes.com/ • http://www.businessworld.in/
  • 24. THANK YOU! • Email: ankur@getmeroof.com • Contact No: +91-97392-13628 Starting something? Write to me for anything!
  • 25. Q/A