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Nuts & Bolts of Starting
     a Company
   Finding An Idea - Building A Team


                  by


    Abdulrahman Rafiq (@arrafiq)
      Danish Munir (@dtmunir)
Abdulrahman Rafiq

•   Cisco Systems
•   Inspurate Systems
•   PristineSignals.com
•   SARelief.com
•   OPEN Silicon Valley
Danish Munir @
Why are we here?

•   Because you're crazy?


•   To make living


•   Solve an unsolved problem


•   Fulfill a passion
Agenda

•   Finding the right startup idea
•   Finding the right founding team
•   Building the Product
•   Raising Capital
•   Building a customer base
•   Scaling your business
•   Navigating an exit
The Right Idea
•   Solves an unsolved problem
•   Affects a lot of people
•   You have the expertise & passion for
•   People are willing to pay for
Solves an unsolved problem

•   What are you trying to change?


•   What are you trying to make better?


•   Does your idea meet an unmet need?


•   Is it a product or service?
Affects a lot of people
•   Who are your ideal customers?


•   Are they enough of them?


•   Is there an actual demand for it?
You have expertise & passiong for it


 •   Know Thy Self
     o Myers-Briggs Test Indicator.
        Are you an extrovert or introvert?
        Have self awareness.




 •   What expertise & experience do you
     have?
     o Your domain knowledge
     o Work experience
People are willing to pay for

•   Are your customers willing to pay?


•   Can your target be reached effectively?


•   Who are your main competitors?


•   What are their features/pricing models?
Building the right Team

•   Finding the right co-founders


•   Negotiating equity


•   Defining goals


•   Hiring your first employees
Building A Team: Your Co-
                 Founders

•   Co-Founders
    o   Complement your skill sets
    o   People who won't kill each other
    o   Set sight on your personal & professional goals


•   Types of people to avoid
    o   Distract-O-Matic
    o   Grillers
    o   Status Claimer
    o   Narcissists
    o   The non-learner
Building A Team: Neogtiating
                Equity

•   Fair


•   Transparent


•   Motivating


•   Target driven
Building A Team: Hiring

•   Hiring your first employees
    o   Sourcing candidates
    o   Interviewing
    o   How to figure out compensation/negotiate
Exercise 1
- New Ventures
Exercise 2

•   Take 3 mins to pitch and briefly discuss
    your idea to 3 people next to you
•   Make mental notes their reaction
    o   Can you relate to this person

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Nuts & bolts of doing a start up

  • 1. Nuts & Bolts of Starting a Company Finding An Idea - Building A Team by Abdulrahman Rafiq (@arrafiq) Danish Munir (@dtmunir)
  • 2. Abdulrahman Rafiq • Cisco Systems • Inspurate Systems • PristineSignals.com • SARelief.com • OPEN Silicon Valley
  • 4. Why are we here? • Because you're crazy? • To make living • Solve an unsolved problem • Fulfill a passion
  • 5. Agenda • Finding the right startup idea • Finding the right founding team • Building the Product • Raising Capital • Building a customer base • Scaling your business • Navigating an exit
  • 6. The Right Idea • Solves an unsolved problem • Affects a lot of people • You have the expertise & passion for • People are willing to pay for
  • 7. Solves an unsolved problem • What are you trying to change? • What are you trying to make better? • Does your idea meet an unmet need? • Is it a product or service?
  • 8. Affects a lot of people • Who are your ideal customers? • Are they enough of them? • Is there an actual demand for it?
  • 9. You have expertise & passiong for it • Know Thy Self o Myers-Briggs Test Indicator.  Are you an extrovert or introvert?  Have self awareness. • What expertise & experience do you have? o Your domain knowledge o Work experience
  • 10. People are willing to pay for • Are your customers willing to pay? • Can your target be reached effectively? • Who are your main competitors? • What are their features/pricing models?
  • 11. Building the right Team • Finding the right co-founders • Negotiating equity • Defining goals • Hiring your first employees
  • 12. Building A Team: Your Co- Founders • Co-Founders o Complement your skill sets o People who won't kill each other o Set sight on your personal & professional goals • Types of people to avoid o Distract-O-Matic o Grillers o Status Claimer o Narcissists o The non-learner
  • 13. Building A Team: Neogtiating Equity • Fair • Transparent • Motivating • Target driven
  • 14. Building A Team: Hiring • Hiring your first employees o Sourcing candidates o Interviewing o How to figure out compensation/negotiate
  • 15. Exercise 1 - New Ventures
  • 16. Exercise 2 • Take 3 mins to pitch and briefly discuss your idea to 3 people next to you • Make mental notes their reaction o Can you relate to this person

Editor's Notes

  1. AR