Startups

Startups

Hi, I’m Dwight

1 Gold Coast born and bred

2 Amsterdam based (for now)

3 Software engineer

4 Startup founder

5 Community advocate

@dwightgunning

@dwightgunning

Visiting Entrepreneur Program

Who’s in the room?

@dwightgunning

Ask if you’re not sure …

@dwightgunning

• What is a startup?

• Have I got what it takes to be successful?

• How do I know if I have the right startup idea?

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Topics

What is a startup?

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“A temporary organisation in search of a repeatable, scalable and sustainable business model”

— Steve Blank

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A formal definition

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VentureFunded

Bootstrapped

High Risk

High Growth

Innovative

The Party Balloon Diagram

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How do startups get going?

Inspired Individuals

Emerging Entrepreneurs Founders

Early-stage Startup

Growth-stage startup

Mature business

Concept credit: Daniel Newman @dwightgunning

Startup

Business

Product- Market

Fit

Uncertainty rules …

Concept credit: The Lean Startup @dwightgunning

Build

MeasureLearn

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Data

Ideas MVP

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Minimum Viable Product

If you are not embarrassed by the first version of your product, you've launched too late! Reid Hoffman (LinkedIn)

Do I have what it takes

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What traits do entrepreneurs need?

Think in problems

and solutions

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What traits do entrepreneurs need?

Think in problems

and solutionsVision

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What traits do entrepreneurs need?

Think in problems

and solutionsVision Self Belief

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What traits do entrepreneurs need?

Think in problems

and solutionsVision Self Belief

Risk Taking

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What traits do entrepreneurs need?

Think in problems

and solutionsVision Self Belief

TenacityRisk Taking

Startup ideas

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Passion > Idea > Startup

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@dwightgunning

A similar story …

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… they looked like terrible ideas

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A similar story …

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… they started as side projects / pivots

28

‘If something is important enough, even if the odds are against you, you should still do it.’ — Elon Musk

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It’s a wrap.

@dwightgunning

Download the slideshttp://www.launchsteps.com/meetups-workshops/