Bringing Bright Ideas to Life - Wim Godden on Validating Concepts & Scaling Startups
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Wim Godden discusses how to bring bright ideas to life by first determining if an idea is truly original and if there is market demand. He recommends building small initially to get fast feedback and adding features step-by-step. Talking to potential customers can provide feedback but be careful not to share every detail. Leverage existing services like APIs and consider scalability from the start. Financial projections are important, and success may lead to building on the idea through APIs, plugins or white labels. Keep iterating ideas and be willing to let others take over if it does not work out.
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Bringing Bright Ideas to Life - Wim Godden on Validating Concepts & Scaling Startups
- 1. Bringing bright ideas to life Wim Godden Cu.be Solutions @wimgtr
- 2. Who am I ? Wim Godden (@wimgtr)
- 9. My town
- 10. My town
- 11. Belgium – the traffic
- 12. Who am I ? Wim Godden (@wimgtr) Founder of Cu.be Solutions (http://cu.be) Open Source developer since 1997 Developer of PHPCompatibility, OpenX, ... Speaker at PHP and Open Source conferences
- 13. Who are you ? Developers ? System/network engineers ? Managers ?
- 14. Show of hands Ever had a brilliant idea ? Actually launched it ?
- 15. The Idea
- 16. Question 1 Is it really brilliant ? Is it original ? → Google it Why doesn't it exist yet ? Option 1 : you're brilliant ! Option 2 : the idea isn't :-(
- 17. Is it a good idea ? How to find out... Option 1 : Build it Pros : You see results You encounter the problems Cons : Possibly wasting time/money Will it work ?
- 18. Is it a good idea ? How to find out... Option 2 : Talk to people Pros - get feedback from : Peers Possible customers People with different vision Cons : Could steal your idea → Don't explain every little detail → If they get it right away : is it really a good idea ?
- 19. Do people want it ?
- 20. How big is the market ?
- 21. Willingness to pay Demand driven by actual need hype
- 22. Market potential Market analysis studies ($$$) Questionnaires ($)
- 23. Market studies are not foolproof !
- 24. Market studies are not foolproof !
- 25. Building it – size matters Build small Faster time-to-market → faster feedback Add features step-by-step Danger : easier to replicate
- 26. Building it – size matters Build big Time-consuming → Requires big budget → Cash-flow (!) Harder to replicate
- 27. Don't reinvent the wheel Leverage existing services : APIs (payment providers, cloud providers, …) Ticketing systems Monitoring systems ...
- 28. Scalability
- 29. Scalability – the impossible
- 30. Scalability – the impractical
- 31. Scalability – living on the edge
- 32. Scalability – the uh... never mind
- 33. Scalability – hitting the limit
- 34. Scaling people
- 35. Scaling support
- 36. Scaling support
- 37. The Cloud – the fairy tale
- 38. The Cloud – the wake up call
- 39. Financials
- 40. Success ? Now what ?
- 41. Building on the success – API enabling
- 42. Building on the success – Plugins/add-ons/...
- 43. Building on the success - white labels
- 44. Sharing ideas ? For managers
- 45. Sharing ideas ? For managers
- 46. Sharing ideas ? For technical people
- 47. If it doesn’t work out
- 48. Ideas are always ‘work in progress’
- 49. So it didn’t work out ?
- 50. Let someone else have a go !
- 51. When you have that bright idea.. Be a realist Build small/large depending on budget Think about scalability IT Organization Support Do the math Either : Keep on building Sell in time
- 52. I WANT YOU TO BUILD YOUR IDEAS
- 53. Questions ?
- 54. Questions ?