“what many startup founders get wrong from the beginning” · team fit funding timing formula of...

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“What many startup founders get wrong from the beginning” Ali Omar MD, MBA, Co-founder, Angel Investor

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Page 1: “What many startup founders get wrong from the beginning” · Team fit Funding Timing Formula of Success...and learning. Back to basics ... 5 deadly sins of a startup Multiple

“What many startup founders get

wrong from the beginning”

Ali OmarMD, MBA, Co-founder, Angel Investor

Page 2: “What many startup founders get wrong from the beginning” · Team fit Funding Timing Formula of Success...and learning. Back to basics ... 5 deadly sins of a startup Multiple

Agenda

● Business is a “Game of Thrones Unknowns”

● Back to basics: market analysis

● Holistic thinking is needed

● Find a partner

● Systemic thinking

● Bottlenecks

● It’s about the execution, stupid!

● Simple plans might work

● Focus is hard

● But only commercial results counts!

Page 3: “What many startup founders get wrong from the beginning” · Team fit Funding Timing Formula of Success...and learning. Back to basics ... 5 deadly sins of a startup Multiple

Business is a “Game of Thrones Unknowns”

Market Product-Market Fit ProductCustomer

selection

Learning

speed

Execution

speedTeam fit Funding Timing

Formula of Success

...and learning.

Page 4: “What many startup founders get wrong from the beginning” · Team fit Funding Timing Formula of Success...and learning. Back to basics ... 5 deadly sins of a startup Multiple

Back to basics: market size, growth and maturation

Page 5: “What many startup founders get wrong from the beginning” · Team fit Funding Timing Formula of Success...and learning. Back to basics ... 5 deadly sins of a startup Multiple

Think separately and holistically, iteratively

Market Product-Market Fit ProductCustomer

selection

Learning

speed

Execution

speedTeam fit Funding Timing

Page 6: “What many startup founders get wrong from the beginning” · Team fit Funding Timing Formula of Success...and learning. Back to basics ... 5 deadly sins of a startup Multiple

Find a complementary partner

...because single founder

startups fail.

Page 7: “What many startup founders get wrong from the beginning” · Team fit Funding Timing Formula of Success...and learning. Back to basics ... 5 deadly sins of a startup Multiple

Systemic thinking: create your own frameworks how the world works

Page 8: “What many startup founders get wrong from the beginning” · Team fit Funding Timing Formula of Success...and learning. Back to basics ... 5 deadly sins of a startup Multiple

Bottlenecks: Think deeper to solve

...But don’t blame for lack of

resources or money.

Page 9: “What many startup founders get wrong from the beginning” · Team fit Funding Timing Formula of Success...and learning. Back to basics ... 5 deadly sins of a startup Multiple

It’s about the execution, stupid!

Page 10: “What many startup founders get wrong from the beginning” · Team fit Funding Timing Formula of Success...and learning. Back to basics ... 5 deadly sins of a startup Multiple

Simple plan might work, but complex plan will never.

Page 11: “What many startup founders get wrong from the beginning” · Team fit Funding Timing Formula of Success...and learning. Back to basics ... 5 deadly sins of a startup Multiple

Focus is hard: 5 deadly sins of a startup

Multiple

projects or

companies

Mismatch

between

ambitions and

execution

Not choosing

clients

Not making

hard decisions

Pricing the

product too

low

Page 12: “What many startup founders get wrong from the beginning” · Team fit Funding Timing Formula of Success...and learning. Back to basics ... 5 deadly sins of a startup Multiple

Only commercial results counts!

Page 13: “What many startup founders get wrong from the beginning” · Team fit Funding Timing Formula of Success...and learning. Back to basics ... 5 deadly sins of a startup Multiple

Q & A