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       Ryan Junee
       ryan@junee.org
     http://ryanjunee.com

http://www.slideshare.net/rjune
      e/hackday-15544563
My Background



    Idea            Launch             Learn


            Pitch            Exit?



                                     Questions?
My Background



    Idea            Launch             Learn


            Pitch            Exit?



                                     Questions?
Learned
  a Lot
2007: Started Omnisio
Funded by Y Combinator (Winter 2008)
9 months later...
1 year later...
2010: Quit YouTube, brainstorming (w/ Max Skibinsky)
2011: Founded Inporia
Raised $1.3M from top silicon valley investors
Epic Fails Pivots


  12 months     3 months   2 months


               11 months
We are still going (currently 200k users)
Mentoring:




Investing:
My Background



    Idea            Launch             Learn


            Pitch            Exit?



                                     Questions?
Your
Idea:




        credit: Peter Thiel
What is
  your
passion?
Consumer           distribution,
                     distribution,
   Internet          distribution

  Enterprise       Build and manage
                     a sales team
   Software
Energy, Biotech,       Solve hard
     AI, ...       technical problems
Choose your
co-founder(s) carefully
My Background



    Idea            Launch             Learn


            Pitch            Exit?



                                     Questions?
FOCUS
Use Surveys to Decide

 • Google Docs Form + Amazon Mechanical Turk
 • AYTM.com

                                     Inporia v1.0
Landing Page / Smoke Test

                               •Value Proposition
                               •Sign Up
                               • Facebook
                               • Email
                               • ....

Drive traffic with Google Ads, Facebook
Ads ...
• Wide variation in price
• Inporia $2.17/user (Google)
• Mobile dating app: $0.10/user (Facebook)
Launch, Press (Mobile
example) downloads over a week (= top ranked
 Goal: Increasing
                          list)
1. Monday/Tuesday launch is best
2. Pre-brief all press (with embargoes)
3.Tech blogs break the news (night before launch)
4. Ask people to re-tweet news
5. Mainstream press articles (launch morning)
6. App review sites (1-2 days later)
7. Paid user acquisition (1-2 days later)
Kaleidoscope v1.0 - Not Bad
Kaleidoscope v2.0 - Much
Better


                           Featured
                           by Apple
This Morning:



                 Featured
                by Google
Integrate with Social
      Platforms
                        Pinterest
                         Organic
                         Press
                        Facebook
My Background



    Idea            Launch             Learn


            Pitch            Exit?



                                     Questions?
Minimize Cycle Time




                credit: Eric Reis
AARRR!




         credit: Dave
           McClure
Before Product-Market Fit:
 • Retention (do they come back?)
 • Engagement (time/actions on site)
 • Mobile: reviews/ratings
Talk to customers!
Easiest

           Simple questions: Qualaroo
           • “What else would you like to see on this page?”
           • “How likely are you to recommend this? (NPS)”

           Video testing:
           usertesting.com

           In-person interviews
           • Craigslist
           • 45 mins / $20
Most Information
After Product-Market Fit:
 • Growth in DAU



                       We are not quite
                         there yet!
My Background



    Idea            Launch             Learn


            Pitch            Exit?



                                     Questions?
Single
Sentence


Elevator Pitch   30 seconds


‘Demo Day’       2 minutes


10-slide deck    20 minutes
Elements of a pitch
1. Single Sentence   6. Business Model
2. The Problem       7. Distribution
3. Your Solution     8. ‘Secret Sauce’
4. Product Demo      9. Team
5. Market Size       10. Milestones


                                         more...
Fundraising in Silicon Valley
   • Seed Stage: (200K - 2M): Convertible Note
   • Series A (2M - 5M): Equity
Seed Valuations Going Up




                           Source: Fenwick & West
                                     + my estimate
My Background



    Idea            Launch             Learn


            Pitch            Exit?



                                     Questions?
Who would you rather be?




    “Companies are bought, not sold”
Acqui-hires in Silicon
          Valley
        Seed Stage Funding

            Supply of Engineers

             Acqui-hires
• ‘Soft landing’ for failed startups
• $1M - $2M per engineer
• 2 - 4 years vesting
• Payback investors (sometimes)
My Background



     Idea           Launch            Learn


            Pitch            Exit



                                    Questions?
Questions?
   Ryan Junee
    ryan@junee.org
  http://ryanjunee.com

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