Download - CompCon 2015: What is Entrepreneurship?
What is Entrepreneurship?
Who is this guy?
Why Entrepreneurship?
– Can be super gross in AUS – Super difficult
+ Super important
Today: What is a startup? How do they work? Is it for you? What next?
Founding a startup vs
Joining a startup
Content mostly borrowed from How to Start a Startup, lectures 1 to 3.
These slides at javanwood.com
What is a startup?
Nothing V
Startup V
Established Company
Startup: Intense Hard work Know the customer
Ideas
Idea = Business model
Good idea: Seems terrible Actually amazing
Market first, Choose carefully
Bonus: Mission oriented
Need an idea? 1 Don’t go looking 2 Learn things that matter 3 Find interesting problems
No downside to waiting for an idea.
Think you’ve got an idea? Why now? Is it easy to communicate?
No-one knows exactly how good an idea really is.
Try it out.
Products
Great company |
Great product |
Great idea
Start small, simple.
Growth?
Proof first, scale later. Do things that don’t scale. Know your business.
Execution
Execution creates value.
Resources, time is limited. Focus, focus, focus. Build in the right direction.
Team
Teams make companies.
Super important to get the team right.
Smart, competent, driven, determined, risk tolerant, good communicators, good to be around.
Know them for years. Find them at uni, interesting companies.
Startup vs No Startup
The best reason to start a startup is you can’t not do it.
Join a startup for a challenge, potential financial upside, larger impact, bulk experience.
Silicon Valley vs
Brisbane
Silicon Valley: Everything tech and entrepreneurial.
Brisbane: Lifestyle city.
AUS vs CA
UQ or QUT vs Stanford
Where to from here?
Do it!
Startup weekends, meetups. Womens SW: 9-11 Oct. Check out River City Labs. Apply at iLab.
Check out How to Start a Startup, Paul Graham’s essays.
These slides at javanwood.com