talk ja ye-nuno_freitas_1set2012
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Nuno Freitas presentation on 9th JA-YE Alumni ConferenceTRANSCRIPT
9TH JA-YE ALUMNI CONFERENCE
Nuno FreitasPorto, 1_September_2012
STARTUPING
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TOP 10%2
OBSERVATION
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OBSERVATIONHOW MANY PASSES DOES THE TEAM IN
WHITE MAKE?
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WHO AM I?6
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MYTHS ABOUT STARTUPSLet’s be honest...
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STARTING A COMPANY HAS NO COSTS
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STARTING A COMPANY HAS NO COSTSThe one who says this never started one!
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A STARTUP RAISES MONEY WITH PASSION AND A GOOD PROJECT IN A NAPKIN
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A STARTUP RAISES MONEY WITH PASSION AND A GOOD PROJECT IN A NAPKIN
You will get rejected!
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A STARTUP RAISES MONEY WITH PASSION AND A GOOD PROJECT IN A NAPKIN
You will get rejected!
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A GOOD IDEA = SUCCESS
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A GOOD IDEA = SUCCESSIdea, Strategy, Timing, Execution, Team &
Resilience
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PRODUCTPEOPLECAPITALFAILING
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PRODUCTPEOPLECAPITALFAILING
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ASK THE RIGHT QUESTIONS?
“Computers are no good!
They just give you answers”
Pablo Picasso
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The one who knows how to do things right will always be a good
worker
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BUT THE ONE WHO KNOWS WHY? WILL ALWAYS BE HIS
BOSS
The one who knows how to do things right will always be a good
worker
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Tell a Story
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We are equal in Time
Time as themost valuable asset
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PRODUCTPEOPLECAPITALFAILING
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Always hire people that are better than you!
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HOW MANY?2 OR +
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HOW MANY?2 OR +
HOW MANY?2 OR +3 OR -
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etics =values =
product =skills ≠
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NETWORK
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PRODUCTPEOPLECAPITALFAILING
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FRIENDSFAMILYFOOLS
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Bootstrap Venture Backed
Control
Time to Market
Distractions
Ownership
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ANINVESTOR IS NOT YOUR
FRIEND38
ANINVESTOR IS NOT YOUR
ENEMY39
CASH-FLOW40
PRODUCTPEOPLECAPITALFAILING
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51943“I think there is a world market for maybe five computers.”Thomas Watson, chairman of IBM
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1.551943
“I think there is a world market for maybe five computers.”Thomas Watson, chairman of IBM
1949“Computers in the future may weigh no more than 1.5 tons.”Popular Mechanics
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NO1977“There is no reason anyone wouldwant a computer in their home.”Ken Olson, founder of Digital Equipment Corp.
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NO1977“There is no reason anyone wouldwant a computer in their home.”Ken Olson, founder of Digital Equipment Corp.
2007“There’s no chance the iPhone is going to get any significant market share. No chance.”Steve Ballmer, MSFT CEO 2007
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Start a bad business
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Start a bad businessWrite a bad
book
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Start a bad businessWrite a bad
bookCreate a bad app
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Start a bad businessWrite a bad
bookCreate a bad appGive a bad
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Start a bad businessWrite a bad
bookCreate a bad appGive a bad
TalkBy the end of that you will have
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Write a bad bookCreate a bad appGive a bad
Talk
Started a business
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Create a bad appGive a bad
Talk
Written a book
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Give a bad Talk
Created an app
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Given a Talk
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THERE IS ONLY 1 DIFFERENCE BETWEEN A PRO AND AN AMATEUR
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THERE IS ONLY 1 DIFFERENCE BETWEEN A PRO AND AN AMATEUR
THE PRO IS AN AMATEUR WHO
DIDN’T QUIT!
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10 KEY POINTS
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#1 Your project will be REJECTED and you will want to QUIT
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#2 Know what criticisms to IGNORE and to ACCEPT (and USE)
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#3 Search for MENTORS and ALLIES
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#4IDEAS need FOLLOWERS to BREATH
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#5 A STARTUP doesn’t have to be TECHNOLOGIC
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#6 Don’t FOLLOW your dreams, RUN aOer them!
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#7 Focus on the PROBLEM and not on the SOLUTION
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#7 Focus on the PROBLEM and not on the SOLUTION
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#8 If you’re not embarrassed when youship the first version, YOU WAITED TOO LONG!
MATT MULLENWEG, FOUNDER OF WORDPRESS
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#9 SAY NO!
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#10 Make mistakes,But keep low your FAILURE COSTS
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#11 WORK to make your DREAMS come true
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#EXTRA Make people Smile
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www.sketchpixel.com
www.storeagent.com
www.mezzostudio.com (soon)
THANK YOU!facebook.com/nunofreitas
www.spiritocupcakes.com
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