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Life is too short to work at a boring company
NetDays & FICOD | October 6, 2011
We Believe:
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1. What Startup Life is like2. Game3. MVP’s4. Multidisciplinary learning5. Starting6. Questions
What I’d wish I’d known
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Background
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StartupDigest
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StartupDigestMission: Get more people
involved in the tech startup world.
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Startu
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Gaming
Retail
London
Health
Educati
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Wash
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Paris
IndiaBizd
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Toro
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Marketi
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Shan
ghai
Beijing
Sydney
San Dieg
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Philadelp
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Baltimore
Montreal
Dallas
Copenhag
en Italy
Silico
n Prairie
Cape T
own
Indianap
olis
Buenos A
ires
Pittsburgh
New O
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Malaysi
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Michiga
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Netherl
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Lexingto
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Cincinnati
Barcelo
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Genev
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Czech Rep
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Fun part of Startup Life
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Learn
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Normal Path
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Entrepreneurship
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Game:Half Baked
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Minimal Viable Product
Absolute simplest & efficient way to test a hypothesis.
while Traction is not True:Idea = HypothesisExperiment = MarketTraction = True or FalseIdea + Experiment = Traction
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Caution
MVP is not a startup, it’s step 0
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“The internet means you don’t have to convince anyone else that something is a good idea before you try it”
- Scott Bradner, former trustee of the Internet Society
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Entrepreneurship is a game about
learning
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Multidisciplinary
Math student, Math graduate, Math post-doc.
Everything will look like a math problem to you.
This is not true.
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Multidisciplinary
1. Engineering• Computer science, Thermodynamics
2. Design• Contrast, alignment,
3. Psychology• Social proof, reciprocity
4. Mathematics• Statistics, power law,
5. Business• Accounting, economics
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Engineering*
Easier: Engineering > BusinessHarder: Business > Engineering
Absolute must if you are starting an internet
company
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Best way to learn new skills
• Khanacademy.com
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Economically, startups should
not exist.
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Don’t start a company for the sake of it
1. Most companies do not look very impressive when they start
2. Have a personal attachment to what you’re doing (passionate)
3. Don’t start a company, let the company find you
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Most companies do not look very impressive when they start
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Most companies do not look very impressive when they start
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Most companies do not look very impressive when they start
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Have personal attachment
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Don’t start a company, let the company find you.
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Action Items
1. Learn something completely outside your skillset through Khan Academy or a class
2. Try one Minimal Viable Product
3. Work at something you are excited about now (or if in school this summer)
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Do I need to move to Silicon Valley?
What is traction?
Do I need to raise money? What’s next after the MVP?
How do I learn about new subjects?
How do I learn programming?
Who taught you the multidisciplinary learning?
What if my advisors won’t let me take other classes?
How else can I get started now?
How does SD make money?
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Bias’
• High growth startups• Tech startups• Live in Silicon Valley• Founder, not an educator• Always take things with a grain of salt