Experiences in launching tech-enabled startup ventures and some general tips and lessons learned

1. BABSON COLLEGE
NEW TECH VENTURES
Adventures in launching tech ventures
David Chang
Entrepreneur & Angel Investor
@changds

2. My
Journey
Starting a
Tech Venture
Live
Case

12. $ 1 1 0 M $ 2 1 0 M $ 2 7 0 M $ 1 3 5 M

13. Direct Via Syndicate/Fund
ANGEL INVESTMENTS

14. Building
Investing
Connecting

20. THE LOWS

21. David Chang, startup
evangelist, parts ways
with Boston’s PayPal
office after shakeup
David Chang out
as head of PayPal's
Boston office
THE LOWS

22. THE HIGHS

23. Starting a
Tech Venture

24. Founders Tips

25. IDEAS ALONE ARE WORTHLESS

26. DON’T GO SOLO

27. FIND THE RIGHT CO-FOUNDERS

28. Do you need to be technical
to start a tech venture?

29. Feasible

30. Viable

31. Desirable

32. Feasible
ViableDesirable

33. WHERE TO FIND TECHNICAL CO-FOUNDERS
• Student groups, meetups (part-time)
• Industry
• Veterans in between gigs
• Open to moonlighting (part-time)
• Freelancers – see startup resources list

35. Execution Tips

36. WHAT’S YOUR NORTH STAR?

37. HOW WILL YOU GET THERE?

38. VALUE BUILDS IN STEPS
Team
Product Development
Market Demand
Product / Market Fit
Business Model
Execution
See www.techcrunch.com/2015/06/24/running-out-of-money-isnt-a-milestone

39. FUNDRAISING SWEET SPOT

44. 1.10 ^ 12
= 3.1
1.01 ^ 365
= 37.8

45. FOCUS PIVOT

47. Live
Case

49. WHAT DETERMINES SUCCESS?

50. Source: Bill Gross www.ted.com/talks/bill_gross_the_single_biggest_reason_why_startups_succeed

51. TAKE ADVANTAGE OF THIS TIME

52. WORK THE NETWORK

53. Q&A
David Chang
@changds