startup and go: first steps
TRANSCRIPT
Startup & GoFirst Steps to Building a Technology Company
Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s, when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries, but also the leap into electronic typesetting, re-
Identify your drive to become an en-trepreneur & start a business: what
makes you tick?
There are a lot of ideas out there. Make sure you don’t fall in love with
an idea that won’t love you back.
Hire strategically and always ask why, not what. Sell your company to your
employees - it will inspire commitment & enthusiasm (things money can’t buy)
It’s easy to use research as a crutch to postpone action. Rather than top-heavy researching, keep your investigation ongoing.
Feedback is key. Talk to your customers, do surveys, and be thorough.
Hire slow, fire fast. If someone is not a cultural fit, it doesn’t matter how talented they are, move them out!
step 1. commit
step 2. research
step 3. idea
step 4. feedback
step 5. Hiring
€£$
money power
ZZZ
boredom ‘flex’ time
9
6
3
You want to change the world.
Don’t get stuck in the initial research phase
Even once you’ve launched: never stop researching
Too much initial research is as bad
as too little
You will fall in love with your idea
(and you should)
Use SurveyMonkey & Mturk to gather
feedback
Then, you need to take a step back and
make sure it’s realistic
Determine Your: Market Opportunity
Product & Model
Run tests using Google Adwords
Passion
Intention &career goals
In your network or vouched for
Your gut says something’s
wrong
They just “fell into it”
Pedigree
Analyze and repeat, repeat, repeat.
step 6. firing
Don’t let one person poison the well
Team morale trumps one unpleasant ‘star’employee’s output
Fire fast if they aren’t a good fit, waiting is worse for you & for
them
Want more in-depth tips from silicon valley entrepreneurs? Sign up for the Founder Institute Newsletter and get
access to our $99 Udemy course, FREE.http://fi.co/startup _&_go