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From Invention to Start-Up
Personal Risks and Rewards Jeff Hussey Fluid Capital, LLC
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What comes first? Invention? Start-Up? Innovation?
The invention may be the innovation It might not be A key component of the invention is understanding its application
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Are you right or just “sure”?
How do you know? What do your customers say? Will they put their money where their mouth is? How many? Keep asking the question…
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What are you working for?
It isn’t just about money It’s about creating sustainable value What’s your Vision Mission Culture
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What are the risks? Professional Personal
It requires a massive amount of time Involves a lot of stress Takes a toll on your family Takes a toll on your finances
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What is your role? CEO CTO Product Manager Cheerleader
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Every problem is a personnel problem
Don’t be a problem Ego is dilutive to net worth
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What are the rewards? Intrinsic Extrinsic
Assemble and grow an effective team Create and retain satisfied customers Change the world, or at least a part of it Extrinsic
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Good toys…
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My $.02 Know yourself Be honest with yourself and significant others
Try to keep a balance Have fun!
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Good Luck! Thanks
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