Uploaded byMichael Seibel
How to Start a Startup
The document provides a straightforward guide for starting a tech startup, emphasizing the importance of having a small, tech-savvy founding team and sufficient cash reserves. It highlights the need for rapid product development, generating momentum, and effective fundraising strategies. Key points include the significance of a Minimum Viable Product (MVP), transparent operations, and the importance of a clear pitch in fundraising efforts.
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Introduction to starting a tech startup, emphasizing simplicity and prerequisites such as team size, skill set, cash reserves, and commitment.
Focus on brainstorming innovative ideas based on personal experiences and market research on existing competition.
Discusses the importance of forming a Delaware C Corp, developing a Minimum Viable Product (MVP), and the need to launch quickly for learning and growth.
Explores user interaction through sharing and advertising, and assesses if customers are discussing the brand.
Addresses efficient fundraising techniques with emphasis on low costs, rapid growth, public relations, and pitching to informed investors.
Focuses on minimizing operational expenses and enhancing team quality through careful hiring practices.
Guidelines for applying to Y Combinator, including relationship requirements among founders and effective pitch strategies.
Wrap-up of key startup insights, highlighting the knowledge shared during the presentation.
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How to Start a Startup
- 1. How to Startup (Tech) Simple,Easy & Straightforward
- 2. Prerequisites 2-4 people, 50% tech, friendsor collegues 1 year’s worth of cash each $ EXIT Everyone ready to quit their jobs
- 3. Brainstorm with teammates IDEA Personal experience Daily /Weekly problems
- 4. Market o Billions o Dosome research o Use the competition’s product
- 5. Delaware C Corp UseClerky.com Clean from the start
- 6.
- 7. How fast canyou get something into your user’s hands? 2 months good, 2 weeks better. MVPminimum viable product
- 8. You are nothing until youlaunch That is when you start learning / growing
- 9. Using = Sharing? Ads? Referencecustomers?
- 10. Are people talking about yourcompany?
- 12. FUNDRAISING Less is better $ $ $ $$ $ $ Fast is better Have good growth!!!! $ $ $ $ $
- 13. o GROW!!!! o Areyou generating PR? o Build momentum / FOMO o Pitch to angels who understand the problem FUNDRAISING PROBLEMS
- 14. OPERATIONS Spend less money Lookat what you spend every month Figure out how to spend less
- 15. Increase average talentwith each hire Be fair and transparent Hire slow!
- 16.
- 17. 2-4 founders, 50%tech, 6 months+ relationship, working full time launched or imminent launch can you graduate at the top of the class? billion dollar market are you growing?
- 18. YC Interview Does yourmom understand your 30 second pitch? Talk first - don’t demo 10 minutes goes fast Teach us something we didn’t know
- 19. Thank You! (That isall I know about startups)