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VC & Startup Success Lessons for Small Businesses

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This is a must-read book for every business owner and entrepreneur. If you haven’t ordered your copy yet, here is the link to Amazon page: http://amzn.com/B006C9EM1Q
“Venture Capitalists at Work: How VCs Identify and Build Billion-Dollar Successes” by Tarang Shah
This is the presentation I recently gave to a group of 300 small business owners and it was received extremely well. The audience found it to be quite informative and inspiring. And so will you!
What can small businesses learn from Venture Capitalists and their huge startup successes like Facebook, Groupon, Youtube and 70 other top startups of our time?
In this presentation I will show you three easy steps to build successful small businesses and how you can incorporate key success characteristics of great entrepreneurs to change success potential of your business manifold.
All the best! May success be with you in every step of your entrepreneurial journey!
Tarang Shah & Sheetal Shah
Authors

Published in: Business, News & Politics
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VC & Startup Success Lessons for Small Businesses

  1. 1. Copyright VCs At Work Tarang ShahWhat’s one most important thing that’s commonamong all Successful Companies?
  2. 2. Copyright VCs At Work Tarang ShahWhat Should be your Mission Statement?
  3. 3. Copyright VCs At Work Tarang ShahHow to Delight your Customers?
  4. 4. Copyright VCs At Work Tarang Shah Anatomy of Successful EntrepreneursBalanced Ego – Big ego to Real Visionary – Canpursue unconventional ideas Big & Bold Head see the whole companybut in-check ego to surround – “The World is beyond current productwith people smarter than him Not Enough” ; Big Ears – Listens Not afraid of non- actively and intently toAuthenticity – Product view consensus view customers and analyticsinformed by 10k hours oftinkering; deep experience that Passionate Disinterest –provides insights into the fine Passionate to seek out thenuances of market and customer truth but not biased about the outcome – highly objectiveIterative – Not afraid of failures Genuine & Avid Passion tobut like Edison enjoys discoveries High Integrity solve the problem and makethrough methodical trial and – Transparent a difference -> A Missionaryerrors and Trustworthy Personal Relevance to theExtremely Focused – breaking vision pain point being solved –into short-term metrics and single- motivation beyond makingmindedly pursuing it. money
  5. 5. Copyright VCs At Work Tarang ShahStep 1: Understanding the “Pain Point” or “Need”
  6. 6. Copyright VCs At Work Tarang Shah
  7. 7. Copyright VCs At Work Tarang ShahStep 2: Validate the Need
  8. 8. Step 2 : Validate the Need Changing Highly New Supporting Customer Attractive Technology Infrastructure Behavior Market
  9. 9. Disrupting Established Markets New New Lean MeanFat Cats Technology Cat Fat Telcos P2P Sharing SkypeBlockbuster Internet Netflix
  10. 10. Identifying New Promising Markets ??? Netscape eBay Cisco Amazon Mobile 3Com Apple Internet Microsoft WANs LANs IBM Intel PCs Micro Computers ChipsTransistors 1950 1960 1970 1980 1990 2000
  11. 11. What are some of the Emerging Platforms Today?Smartphone iPad/ Facebook Twitter Tablet PayPal Amazon ??? ???
  12. 12. Step 3: Find the Product-Pain Fit Copyright VCs At Work Tarang Shah
  13. 13. Copyright VCs At Work Tarang ShahStep 3: Find the Product-Pain Fit
  14. 14. Your Challenge..Copyright VCs At Work Tarang Shah
  15. 15. Your Challenge..Copyright VCs At Work Tarang Shah
  16. 16. Your Challenge..Copyright VCs At Work Tarang Shah
  17. 17. Your Tool - R.I.P. (Rapid Iteration & Pivoting) Copyright VCs At Work Tarang Shah
  18. 18. Copyright VCs At Work Tarang ShahR.I.P. (Rapid Iteration & Pivoting)
  19. 19. High RPM & Small Turning Radius Copyright VCs At Work Tarang Shah
  20. 20. Copyright VCs At Work Tarang Shah Bonus Tip: Building World Class Team Lift the quality Hire unfetteredHire for Cultural of team with passion without fit as much as each hire and ego & restrictionsfunctional skills fire of past learning Hire people who Fire promptly andHire People you can start adding amicably have worked value day 1 – No someone who iswith well before time for training not fitting well

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