Building startups like a boss
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Short talk on how to build startups like a boss. Given at Pecha-Kucha Night in Singapore on September 2012.
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Building startups like a boss
- 1. Pecha Kucha Night Singapore! Building Startups LIKE A BOSS @benjaminjoffe!
- 2. Defining Startups LIKE A BOSS Temporary organization! designed to search for a! repeatable and scalable business model.!
- 3. Everyone things it is a bad idea! Rocking it! LIKE A BOSS You think it’s the greatest thing ever! People try to change your vision! You have co-founders! No paycheck! Long hours with no direct return! Ideas Credits > h-p://www.jeffgothelf.com/blog/rock-‐bands-‐and-‐startups
- 4. Free pizza and beer! Cool Parties! You’re a boss! Living the Dream! Dress casual! LIKE A BOSS
- 5. Alpha, beta…! Angels! Talking Startup! VCs! LIKE A BOSS Accelerators! TechCrunch!
- 6. Lean! MVP! Talking Startup! LIKE A BOSS Pivot! Traction!
- 7. I’m a BOSS Mentoring at accelerators! Fairly lean! …and on TechCrunch!! Angel investments!
- 8. Style yourself! Rockstar! LIKE A BOSS Ninja! Guru! Growth Hacker (?!)!
- 9. Find your Passion! LIKE A BOSS Just go for the first love.!
- 10. Steal ideas! LIKE A BOSS Thomas Edison! “The Boss” Even Thomas Edison – who gave ideas their (terrible) symbol – was not the first nor the only working on it.!
- 11. Have more Ideas! Come up LIKE A BOSS with 10 ideas a day…! …and throw them away!! “I write one page of masterpiece to 99 pages of shit”! Hemingway! Ernest Hemingway! Writing Guru
- 12. "I have just solved the problem of the Hype it up! subdivision of the electric light.”! LIKE A BOSS “When I'm through, only the rich will be able to afford candles.”! “Lai dat.”! ! Stock of gas companies! Thomas Edison! Boss! (finally ready after 2.5 years)!
- 13. Pivot! LIKE A BO First idea is not working out? Adjust concept, revenue model, target market, etc.!
- 14. First Startup! Pivots! 2007! !“3D collaboration”! LIKE A BOSS 2008! !5 prototypes! 2009 1 game!
- 15. Business! 2010! !Clean up everything! 2011! !Investment from Skype Founder! 2012! !1M Likes! Get 1M Likes! LIKE A BOSS
- 16. • Helping people help others! ! • “Social Craigslist”! • No noise, all signal! BRILLIANT! Second Startup! LIKE A BOSS
- 17. Fight! LIKE A BOSS Before launching, I found many had failed. After launching, I found others still trying, all struggling to find a market!
- 18. What for Who? • Early adopters? • No clear problem Content • Don’t make them think • Charming content Scrap Features! LIKE A BOSS I tried and fix the service by clarifying the value proposition, identify possible early adopters, and making usage as simple as possible.!
- 19. Mentoring! LIKE A BOSS I went to mentor at the 500 Startups accelerator, and found many companies having clear value propositions and doing “lean”.!
- 20. Idea source > h-p://grasshopperherder.com/taxonomy-‐of-‐the-‐lean-‐startup-‐anG-‐pivot/ Friends & Family Pivot! LIKE A BOSS If everything fails, there is always a possibility for a final pivot for saving face: the Friends & Family Pivot!!