Product development for startups
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Presentation given at Founder Institute Hong Kong during the Product Development session. Main point: product management should not be the priority for early stage startups. My advice for startup founders is stop loving their solution, and fall in love with the problem instead. Lesson #1: startups shouldn't be too serious about advice from experienced PM's, because their game is different Lesson #2: startups fail because their founders didn't de-risk fast enough Lesson #3: as an early stage startup, your product is NOT your code. Your product is a green (de-risked) lean canvas
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Powering Yourself To Become a Product Manager & Product Marketing Manager
Being a Great Product Manager? Yes you can!
Beberapa hal yang diperlukan pada saat memiliki role dalam product management:
- Understanding what the do's and don't
- How to define your product needs
- What skills to hack your career
All things can be read in this slide.
Let me know your feedback!
ITNetwork BACon agile spring. Андрей Таганский - Product Manager - профессия...
-Кто такой продакт менеджер?
-видение;
-стратегия;
-дизайн;
-исполнение;
-отличие продакт менеджера от других ролей в разработке;
-ключевые навыки продакт менеджера;
-почему быть продакт менеджером круто?
Growth Hacking Conference '17 - Antwerp
The document provides guidance on building a growth team from scratch. It recommends starting with organic retention by ensuring the product has market fit. It advises starting small with one or two team members, getting executive sponsorship through demonstrations, and finding people with the right mindset over skills. It also recommends buying third-party tools before building internally, eventually needing your own engineers, and structuring as a squad embedded with product teams. The document outlines focusing on opportunities from data, having a process for experiments, and never forgetting qualitative research to understand the reasons behind results.
Embracing Failures & Bouncing Back by fmr PayPal Principal PM
Main takeaways:
- Sexy Products do not always sell
- User journeys and customer discovery
- Course correct, anticipate risks, be up front
Where Should Strategy Live? (SDForum)
"Where Does (Should) Strategy Live in Your Company?" from SDForum Marketing SIG, 4/12/10. Tackles key cross-functional inputs for a strategy, who needs to participate, and where (in a start-up or small company) this should be located/managed from. Highlights product management as typically missing in small Silicon Valley companies.
Equity and Fundraising
Prepare for fundraising:
Materials:
Pitch deck
Backup slides
Due diligence references:
founders, customers/users, industry experts
Financials: 2/3-year model and actual financials
Practice your narrative, over and over
Know it well, be comfortable with interruptions and not going linear
Pitch friendlies: advisors, fellow entrepreneurs, existing investors
Incorporate feedback, and initiate introductions once
The higher the risk, the lower the valuation, the smaller the raise
The valuation is a measure of all the risks that have not been eliminated (team, tech, production, goto market, etc.)
Pre-Seed: < $1M
To build the product
Sources: Angels, AngelList, pre-seed firms, accelerators
Runway: 9/12 months
Team: handful
Valuation: $3 to $6M pre
Dilution: 5% to 15%
Seed: $1M to $3M
To launch the product
Sources: Seed funds, angels,
AngelList, other funds
Runway: 18/24 months
Team: < dozen
Valuation: $6M to $10M
Dilution: 20/25%
Opportunity Recognition
The document discusses opportunity recognition for entrepreneurs. It emphasizes finding problems, needs or frustrations for specific customer segments that can be solved with solutions customers will pay for. It stresses validating that the target market is large enough and that the business model includes revenue streams. It also advises starting simply with apps or websites and understanding key metrics to determine the size of the opportunity.
Questions in the meeting: From Startups to Venture Capitalists
Are you a startup founder looking to secure funding from venture capitalists? Do you want to know the questions to expect during a meeting with VCs? If so, our new ebook, "Questions in the Meeting: From Startups to Venture Capitalists," is perfect for you.
Securing funding from venture capitalists is critical for many startups. However, it can be challenging to navigate the process, especially if you are not familiar with the types of questions that VCs usually ask during meetings.
To help startup founders prepare for these meetings, our ebook provides a comprehensive list of questions that VCs typically ask when considering investing in a startup. By preparing for these questions, you can communicate your business's value proposition, market opportunity, and growth potential effectively.
In addition, the ebook also provides a list of questions that startups should ask during meetings with VCs. By asking these questions, you can gain a better understanding of the VC's investment strategy, and determine if they are the right fit for your business.
By downloading "Questions in the Meeting: From Startups to Venture Capitalists," you'll have access to a valuable resource that can help you prepare for your next meeting with a VC. With the right preparation, you'll be able to answer any question with confidence and increase your chances of securing the funding that your business needs to grow and succeed.
Don't miss out on this opportunity to take your startup to the next level. Download "Questions in the Meeting: From Startups to Venture Capitalists" today, and start preparing for your next meeting with a VC. With our ebook, you'll be well on your way to securing the funding that your business needs to succeed.
FITI CTPS Startup Workshop_Day 1
Startup Workshop for FITI, a government-led startup program aims for academic talent or team to join and bring the startup "From IP to IPO".
The course is about:
To lighten up the Know (Startup ABC) and the Do (Startup DNA) for the newly established startup team to transfer their mindset to their behavior in a variety of pitch scenarios. Numerous real-life examples went through for the participants to take the seat exchange from the seller to buyer, then back to the seller for shaping effective and interesting pitch points and pitch style.
Host:
FITI Program at CTSP (Central Taiwan Science Park Bureau), Taichung, Taiwan
How to avoid 6 deadly mistakes when building a digital product 2018
This document provides tips for avoiding common mistakes when building digital products. It outlines 6 key areas to focus on: 1) Solve real problems, not hypothetical ones, 2) Sell the product concept before building it to validate market need, 3) Rely on user research like surveys and interviews rather than guessing, 4) Measure everything to understand user behavior and determine what works, 5) Get buy-in from enterprise users early on through focus groups and observations, 6) Think beyond just product and look at the larger business landscape. Following these tips can help mitigate risks and avoid wasting time and resources on products that do not solve real user needs.
Road to product / market fit
Journey to product / market fit explained. What do the start-up's first stages look like and what you should keep in mind when identifying a problem worth solving, creating a product and getting your first customers
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Powering Yourself To Become a Product Manager & Product Marketing Manager
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Product development for startups
- 1. Itai Damti Founder Institute, Hong Kong 13/06/2016
- 2. About Leverate & our story VP Producthood (2011-2014) Question #1: should you really listen to experienced PM’s? Question #2: why do startups die? Question #3: what is the real product of a startup?
- 4. A world leader in technology for FX brokers 1 bestselling suite, 14 products 160 employees in 6 offices ~180 clients 100b USD trading volume processed monthly Post 240k + 6.25m in funding (2008, 2011)
- 5. Years of aggressive scale-up A million mistakes (1st time founder) Built products: market data, RM, liquidity, CRM, BI, mobile/web/tablet/desktop, trading back-ends, API’s Killed products Had fun with The Kano Model and The Lean Startup Key challenges: Planning releases & roadmaps, Speccing, UX / UI, Action & coordination around releases, Collecting feedback, Prioritizing, Knowledge sharing, 3rd party management, Syncing teams, Functional vs. nonfunctional requests, Measuring the effect
- 9. No money? Poor team? Poor product? Bad timing? No customers? Competition? Lack of focus? Lack of passion? Bad location? Not profitable? Burnout? Legal issues?
- 10. - JUSTIN KAN
- 15. (Buffer)
- 17. NOW RAISE, SCALE AND TAKE ADVICE FROM EXPERIENCED PM’S.
- 18. 1. Listen 2. Problem: fail in love with the problem.Your solution doesn’t matter 3. Revenue streams: charge early 4. Customer segment: relationship with customers is golden 5. You don’t have to build to test (Buffer) 6. Funding is not de-risking 7. But if you have it, are you really aligned with your investors? 8. PR doesn’t matter (TechCrunch or TR)
- 19. Lesson #1: don’t be too serious about advice from experienced PM’s Lesson #2: startups fail because their founders (you!) didn’t de-risk fast enough Lesson #3: your product is not your code.Your product is a green lean canvas Method: Document your plan A Identify the riskiest parts Systematically de-risk A call to feel the urgency of de-risking + 8 tips
- 22. Twitter: itaidamti LinkedIn: linkedin.com/in/itaidamti Blog: www.imaginedorder.com