Life at Startup for Prospanica-Oregon event
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My Life@Startups talk at the Prospanica-Oregon chapter's membership recruitment and entrepreneurship event at Willamette University campus in Portland, OR.
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Life at Startup for Prospanica-Oregon event
- 2. What is Prospanica? Vision Be the leading catalyst for Hispanic professional achievement Mission To empower and enable Hispanic professionals to achieve their full educational, economic, and social potential • Formerly National Society of Hispanic MBAs • Advocated for Hispanic business professionals for 30 years • 40 professional chapters // 7 university chapters • Granted over $8 million in scholarships
- 3. Scholarship Program • Scholarships ranging from $2,000 to $5,000 • Entrepreneurial thinkers who know that true accomplishment is more than individual success – it’s uplifting the entire Hispanic community • Accepting applications through May 27 • Receive 50% off student membership with code: 2019SCHOLAR www.prospanica.org/scholarships
- 4. The Wonderful and Terrible Reasons I Work(ed) at Startups Ozzie Diaz Willamette MBA 2018 Serial and Parallel entrepreneur/intrapreneur/extrapreneur (currently subsisting on an Intel salary )
- 9. My Startup Journey 2000 2003 2004 2009 2010 2012
- 10. First Day at a Startup
- 11. What It’s REALLY Like
- 12. After the First Day: Build, Build, Build
- 13. Life Blood = Money
- 14. Cash in Bank-to-Stress Experience 0 LOTS Cash In Bank Stress Level HIGH LOW Behavioral Modification Zone My 1st startup (or my 1st wife) My 2nd startup (or my 2nd wife) My 3rd startup (or my 3rd wife)
- 15. “Working for a startup is…electric. The energy and passion derived from the team is unparalleled, and as a result so is the camaraderie amongst the employees. No day is the same, the word ‘boredom’ does not exist, and if you're not flexible and adaptable you won't succeed.” – Supply Team, HotelTonight
- 16. Day in the Life of a Startup Brainstorm Option X Option Y Option Z Test Option X Option Z Go Option Z
- 17. Why Did I Keep Going Back?
- 19. Why Do A Startup Passion Find what gets you out of bed Change the world See the problem, fix it Wear many hats Try different roles Get out of your comfort zone Ambiguity & uncertainty
Editor's Notes
- I have failed…and I loved it! Because I’ve had the opportunity to work with great people and learn a lot about myself! What are the reasons I or anyone else would launch or join a startup?
- What was it like working at a startup? What did you enjoy and what did you hate? What was it like working against the "burn-rate" clock? (i.e. at a start-up, in the absence of additional rounds of funding, you have some idea of how much time the business has to "make it" based on how much cash you have remaining, what was it like living under that kind of pressure?) Ultimately, what was it that kept drawing you to startups?
- I have failed…and I loved it! Because I’ve had the opportunity to work with great people and learn a lot about myself! What are the reasons I or anyone else would launch or join a startup?
- For the excitement of the unknown in: Working for yourself Taking your idea to become a business Sometimes to get out of your comfort zone But the first time I started a company, I wanted to make money and become rich!
- We were going to become rich, dot-com founders and retire to buy a winery and make crappy wine in Silicon Valley! Is that how it happens?
- But more on that later.
- What was it like working against the "burn-rate" clock? (i.e. at a start-up, in the absence of additional rounds of funding, you have some idea of how much time the business has to "make it" based on how much cash you have remaining, what was it like living under that kind of pressure?)
- Sources like FastCompany estimates as high as 75% of startups fail. Fortune estimates 9 out of 10 startups will fail. (http://fortune.com/2014/09/25/why-startups-fail-according-to-their-founders/) Irrespective of the stats, why does this happen?
- You have passion for what you’re doing and truly believe in it. It’s your dogma, it’s your value system. You want to change the world because what you’re doing is good for it. You have to wear many hats because you don’t know what you’re going to encounter in a consultation or facilitation. You’ve had more traditional “jobs”. You decided you want to venture out of your comfort into the world of ambiguity. You don’t want traditional, nor mainstream, nor the status quo. It’s a journey because you will pivot as you learn more to correct your course, enhance your approach and scale the business.