cornell hacks - dan storms intro
DESCRIPTION
Dan's intro slides from the first Cornell Hacks event. See the Facebook eTRANSCRIPT
CORNELL HACKS
Unconventional Startup Tactics in 5 Minute Lightning Stories
Nov 14, 5-6pm
Sage Hall, Room B10
Dan Storms & Ami Stuart
Why Cornell Hacks?
What’s a Hack?
Who am I?
A great shot of me micromanaging
8 Hacks
HACK #1
ProblemNeed money.
Typical SolutionRich uncle.
HACK #1Problem
Need money.
Typical Solution
Rich uncle.
Hack
Joe Yevoli helped fund RightPlay by renting his bed out on AirBnb and sleeping on his couch.
http://rightplay.com/
HACK #2
ProblemNeed attention.
Typical SolutionHire an expensive PR firm.
HACK #2Problem
Need attention.
Typical Solution
Hire an expensive PR firm.
Hack
Sphero recorded Obama playing with their toy.
http://www.youtube.com/watch?v=jqT8U_kiYY8
http://www.gosphero.com/
HACK #3
ProblemNeed direction.
Typical SolutionWrite a business plan.
HACK #3Problem
Need direction.
Typical Solution
Write a business plan.
Hack
Behance got their first “users” by selling a physical notepad that helped creatives get more organized.
http://www.behance.net/
HACK #4
ProblemNeed money.
Typical SolutionEmail pitch deck to VCs.
HACK #4Problem
Need money.
Typical Solution
Email pitch deck to VCs.
Hack
Baydin landed $100k from Dave McClure by responding to this tweet:
http://baydin.com/blog/2010/10/the-100k-taxi-ride/
HACK #5
ProblemNeed to know your customers.
Typical SolutionNothing.
HACK #5Problem
Need to know your customers.
Typical Solution
Nothing.
Hack
Robin Yang started Enchanted Collar by going to pediatric clinics to talk with parents about financial literacy of their children.
http://enchantedcollar.com/
HACK #6
ProblemNeed money.
Typical SolutionMeet with 60-70 VCs.
HACK #6
Problem
Need money.
Typical Solution
Meet with 60-70 VCs.
Hack
Mac Bishop made a wool dress shirt. Then wore it for 100 days straight. Then raised $300k (10x his target) on Kickstarter.
http://www.kickstarter.com/projects/1868906/woolandprince-the-better-button-down-guaranteed
HACK #7
ProblemNeed employees.
Typical SolutionUse recruiters.
HACK #7
Problem
Need employees.
Typical Solution
Use recruiters.
Hack
Shelby hired Chris Kurdziel by having an active presence on Twitter. When Chris engaged with them, they learned of his passion for online video and wanted to meet him.
http://shelby.tv/
HACK #8
ProblemNeed customers.
Typical SolutionHire salespeople.
HACK #8
Problem
Need customers.
Typical Solution
Hire salespeople.
Hack
Red Rover got our first enterprise customer when the founder was brought in to talk to the HR team by his brother-in-law. He convinced them to launch something small, and hooked the CEO.
http://redroverhq.com/