From Invention to Start-Up
Personal Risks and Rewards
Jeff Hussey
Fluid Capital, LLC
What comes first?
Invention?Start-Up?Innovation?
The invention may be the innovation It might not beA key component of the invention is
understanding its application
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…
What are you working for?
It isn’t just about moneyIt’s about creating sustainable valueWhat’s your
VisionMissionCulture
What are the risks?
ProfessionalPersonal
It requires a massive amount of time Involves a lot of stressTakes a toll on your familyTakes a toll on your finances
What is your role?
CEO
CTO
Product Manager
Cheerleader
Every problem is a personnel problem
Don’t be a problem
Ego is dilutive to net worth
What are the rewards?
IntrinsicAssemble and grow an effective teamCreate and retain satisfied customersChange the world, or at least a part of it
Extrinsic
Good toys…
My $.02
Know yourself
Be honest with yourself and significant others
Try to keep a balance
Have fun!
Good Luck!
Thanks