my advice for startups
DESCRIPTION
My advice for startups and new enterprenures.TRANSCRIPT
My advice for startups
nowyinteres adam.adamczyk @
Idea is not a secret.
Clear, bright idea is worth 5% of equity.
Do not try to make a product for everyone…
… unless your have a brewery.
Focus on right thing.
Do many things parallely.
is important like your mother.
Unexpected failure happens.
Pull the red buIon and restart.
Too many compeKtors on the market?
It is not for you then.
Pick right co-‐founders.
They do NOT have to be famous.
Many sophisKcated features require years of R&D.
Avoid complicated features on 1st release. Just MVP.
Talk to your customers. OVen.
You like to talk.
Spend cash wisely
1. Customer acquisiKon 2. Hiring professionals 3. Sells team enforcement
Never stop thinking about what can go wrong.
Modify product market fit.
Eat your own food.
Use your product.
Customers do want it.
Benefits are not just features.
Scaling is not a problem.
If you have this problem you are the winner.
It is easy to calculate big numbers by 1 % ...
… but it is hard to get it in real.
1+1!=3
Partnering is a bullshit
VCs are NOT your friends.
They meet you to make a business.
Your mission must be simple and memorable.
In 3 or 4 words.
Define a business model.
Make a business plan TOGETHER!
Deliver unique product or service …
with value to the customers.
Photos from flickr.com -‐ CreaKve Commons-‐licensed Fonts: Lato
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