Buy Painkiller Black Edition (PC) Reviews,Painkiller Black Edition (PC) Best Buy Amazon
From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015
-
Upload
startup-istanbul -
Category
Business
-
view
663 -
download
1
Transcript of From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015
![Page 1: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/1.jpg)
Andrea BarricaVenture Partner
500 Startups
![Page 2: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/2.jpg)
Andrea Barrica, venture partner/EIR @
@abarrica
![Page 3: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/3.jpg)
From Vitamin to PainKiller: Story of
![Page 4: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/4.jpg)
![Page 5: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/5.jpg)
![Page 6: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/6.jpg)
$1.1M seed
![Page 7: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/7.jpg)
![Page 8: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/8.jpg)
2011(private chefs)
![Page 9: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/9.jpg)
2011
![Page 10: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/10.jpg)
We weren’t making money.
![Page 11: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/11.jpg)
Steve Blank, a forefather of “Lean Startup”
![Page 12: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/12.jpg)
“Congratulations, you’ve failed!”
![Page 13: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/13.jpg)
![Page 14: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/14.jpg)
5 Lessons
(on how to bootstrap a startup after burning $1M)
![Page 15: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/15.jpg)
Lesson #1
don’t look back
![Page 16: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/16.jpg)
we fired everyone
![Page 17: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/17.jpg)
(even our customers)
![Page 18: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/18.jpg)
![Page 19: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/19.jpg)
![Page 20: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/20.jpg)
![Page 21: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/21.jpg)
Lesson #2
back to basics:find the pain
![Page 22: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/22.jpg)
![Page 23: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/23.jpg)
![Page 24: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/24.jpg)
Lesson #3
empathy pay$
![Page 25: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/25.jpg)
be delightful,get referrals
=$1M ARR in 10mo
![Page 26: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/26.jpg)
"inDinero has saved us thousands of dollars and reduced the amount of
time I spend thinking about accounting by many hours a week. A
fantastic investment." - Kaz, CEO of Kash
![Page 27: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/27.jpg)
Lesson #4 beware metrics
that don’t matter
![Page 28: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/28.jpg)
the vitamin:
![Page 29: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/29.jpg)
20K “users”“5M transactions/month”
“$2B processed”
![Page 30: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/30.jpg)
the painkiller:
![Page 31: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/31.jpg)
$315K MRR
-400+ paying customers
-growing 2x YoY
-99% MoM retention rate
as of early 2015:
![Page 32: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/32.jpg)
revenueMoM % growth
CAC vs. LTV% referralsWAU/DAU
![Page 33: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/33.jpg)
Lesson #5
find pain first, then worry about scale
![Page 34: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/34.jpg)
“not scalable?”
315K MRR99% MoM retention rate
80% gross margins
![Page 35: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/35.jpg)
Bonus Lesson:
diverse teams win
![Page 36: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/36.jpg)
Diversity will make you more money.
+women+minorities+introverts
+high empathy+all ages
![Page 38: From vitamin to painkiller story of in dinero - by Andrea Barrica @startupistanbul2015](https://reader035.fdocuments.us/reader035/viewer/2022081517/58eb65e31a28abef178b457d/html5/thumbnails/38.jpg)
StartupIstanbulThe Leading Startup Event In Eurasia