bu e-club talk
Post on 21-Oct-2014
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A talk at the Boston University Entrepreneurship Club title 'Intro to Internet Startups in 2013'TRANSCRIPT
Intro to Internet Startups in 2013
Connor McEwen
DAFUQ U KNO?
How computers work (almost)
Started Credport, went through Summer@Highland and Startupbootcamp Berlin
I read a lot of stuff on the internet
STARTUPS
Someone starting a company, right?
NO
Law firms
Doctors
Food trucks
Maids
etc...
YES
STARTUPS
An organization formed to search for a repeatable and scalable business model
-Steve Blank
STARTUPS
A product, not a service
Exponential Growth
SCALEABLE
Less HardHard
INTERNETZ
WHICH MEANS
Cool?
Yes
Venture Fundable?
No
INVESTMENT
Spend some money now,
make way more later
INVESTMENT
INVESTMENT
1. Get everyone to use Facebook
2. Show them ads
3. Profit
AMAZON
1. Get people to buy stuff on Amazon
2.Take a percentage of the sales
3. Profit
INVESTORSPeter Thiel
$500k into Facebook
$446M out of Facebook
20122004
900x, scheiss
WHY START?
FALSE
You’re not going to make money
THIS IS NOT YOU
SO WHY?
SO WHY?
SO WHY?
SO WHY?
SRSLY
Just start something
I CAN’T
I don’t know how!
FALSE
Start learning
I CAN’T
I don’t have an idea!
FALSE
Help someone who does
OUR IDEA
BUT...
Not important Important
IDEAS
Think about stuff you like
Talk to your friends
Read stuff
STARTING
Read Hacker News
STARTING
Get on Twitter
STARTING
Read Blogs
READY?
CUSTOMERS
TOOLS
CO-FOUNDERS
Great, but not necessary
CODING
Great, but not necessary
PRODUCT
Something people want
Definitely necessary
HELP
Project/hacking meetups? The internet
THANKS
Thanks for listening
HIT ME UP
@connormcewen
419-344-3697
bustartups.com