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Published byFrederica Baker Modified over 9 years ago
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New Venture Planning - 2013 Class #2 – October 2, 2013
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Agenda Reading overview discussion Skype with Ask Maurya Team formation
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Startups are hard http://www.xconomy.com/seattle/2011/11/03/infographic-college-or-incubator-for-startup-founders/attachment/screen-shot-2011-11-03-at-9-53-38-am/ Why the difference?
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Irrationality “Reasonably smart people can rationalize any thing, but entrepreneurs are especially gifted at this.” Most Plan A’s don’t work – then what?
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Sticktuitiveness
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How to Startup? Build it and they will come Waterfall planning
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Customers anyone? Entrepreneur’s vision (ego) drives ‘what customers want’ Limited feedback loops, classic for tech people Waterfall – Stage gate control of a process Inward focused ‘analysis, design, build, test’ Product development method
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Method to the Madness Incubators (Y-Combinator and Tech Stars) bring process to the party – 100’s of lessons learned ‘00-’10 saw the evolution of technology firms and application of new ideas to startups. Capturing lessons learned and formalizing the vernacular of success
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The Epiphany Fail once, figure out how not to do that again – write it down!
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The Movement
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Essential Elements
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MVP
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The Pivot Between ‘Discovery’ and Validation, adjust your course based on what you learned!
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The Product… … is not the Product. The Business Model is the Product!
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Lean Canvas – Ash Maurya
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Pirate Metrics How to measure customer engagement? Find You? Good Experience? Come Back? Make Money? Tell Others?
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