Startup Weekend Toronto 2010<br />Doing it wrong<br />Lessons learned starting a high-tech company in Toronto<br />Tim Smi...
1.<br />Know your circle of competence<br />
2. Sell before you build<br />
3. Focus on your biggest problem<br />
4. Get amentor <br />
5. No such thing as low-hanging fruit<br />This thing is probably poisoned<br />
Things done right:<br />Raised money in a crap environment<br />Built a great, no-bullshit team<br />Built a great product...
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Doing it Wrong - Lessons Learned starting a high tech company in Toronto by Tim Smith

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Tim Smith, CEO & Co-founder of GridCentric presented at Startup Weekend Toronto, Sep 25, 2010.

Published in: Technology, Business
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  • Chris EbenAssumptions we’ve had and things we’ve done that have made our lives a lot harder than they had to be.
  • Cold-callingNegotiationEspecially important if
  • Start-ups are about de-risking the risky“Build it and they will come” is a 1/1000000
  • “Keeping a 747 in the air”Biggest problem changes as time goes onIt helps if you have instrumentation!
  • Easy to sufferfrom analysis paralysisMentor can be different for each area! Probably will need to be!
  • Lots of reasons to start in TorontoHigh-tech virtualization start-up in Toronto - BADTargeting local customers in research and scientific computing – WRONGSome times things are the way they are for a reason
  • Doing it Wrong - Lessons Learned starting a high tech company in Toronto by Tim Smith

    1. 1. Startup Weekend Toronto 2010<br />Doing it wrong<br />Lessons learned starting a high-tech company in Toronto<br />Tim Smith<br />Co-founder & CEO<br />
    2. 2. 1.<br />Know your circle of competence<br />
    3. 3. 2. Sell before you build<br />
    4. 4. 3. Focus on your biggest problem<br />
    5. 5. 4. Get amentor <br />
    6. 6. 5. No such thing as low-hanging fruit<br />This thing is probably poisoned<br />
    7. 7. Things done right:<br />Raised money in a crap environment<br />Built a great, no-bullshit team<br />Built a great product on a shoestring<br />Met a ton of great people<br />Key metric: I love going to work in the morning.<br />

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