A guide to starting a project incorporating a startup checklist
Starting a startup
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Transcript of Starting a startup
Building startups & making things
Starting a startup
A startup is a company that is confused about what its product is, who its customers are and how to make money
“
-Dave McClure
The startup myth
Success is hard
Of all startups succeed
25%Of products
succeed
10%Part time founders
succeed
5%Funded startups
make a billion
0.9%
Why do people take the leap anyway?
• To make money
• Take control of their destiny
• Fulfill creative itch
• Make an impact on the world
• You're a missfit
So you want to raise some money?
• Do you know Venture capitalists?
• How much funding to raise?
• Do you have a business model?
• Raising is not an accomplishment
The founders & team01
02
03What do venture capitalists want?
The market & competition
The timing & location
04 Marketing & Distribution
North American VC
United States48$
b
Canada1.5$
b
Are you creating a horse or a unicorn
Startup accelerators & programs
Business plans are documents investors make
you write that they don’t read.
“
-Steve Blank
The lean canvas is as scientific as you make it
Your first plan almost never works so make multiple
models. Work your way through them by identifying
the risks and weaknesses in each model. When you
know the risks systematically test to learn what
works and what doesn’t.
PassionWhat are you deeply passionate about. The thing you would do if you didn’t have to worry about money.
The bestGiven enough time and dedication what can you be the best in the world at?
MoneyWhat can you make sustainable and substantial money doing?
Build the right teamFounders, partners, investors, mentors, employees
The best marketing is free if done right
Move fast, test often and keep it lean
Questions? @wisebeard
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