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CCIFC - 10 Tips for Startups
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Fer Martin
November 05, 2014
Business
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CCIFC - 10 Tips for Startups
Entrepreneur's Club
French Chamber of Commerce in China, Shenzhen
Fer Martin
November 05, 2014
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Transcript
5 November 2014, 深圳, China 10 Tips For Startups Fer
Martin Instructor @ GeneralAssemb.ly
[email protected]
| f3r.me | f3r.dj
Fer Martin Instructor @ GeneralAssemb.ly
[email protected]
| f3r.me | f3r.dj
Transforms thinkers into creators through education and opportunities in technology,
business, and design. Visit us! ga.co/wdi
Startups RealWorld TM … in the Visit us! ga.co/wdi
Startups RealWorld TM … in the Visit us! ga.co/wdi
… in the Visit us! ga.co/wdi
5 November 2014, 深圳, China 10 Tips For Startups Fer
Martin Instructor @ GeneralAssemb.ly
[email protected]
| f3r.me | f3r.dj
Think DIFFERENT #1
Misfits. Rebels. Troublemakers. They see things differently. No respect for
the status quo. Here’s to the crazy ones. “
Here’s to the crazy ones. You can’t ignore them. They
change things. Invent. Imagine. Heal. Explore. Create “
The people who are crazy enough to think they can
change the world, …are the ones who do. Here’s to the crazy ones. “
Create your Happy Company #2
“All happy families are alike. All unhappy families are different
” Peter Thiel Venture Capitalist, Hedge Fund investor Paypal Mafia / Early investor in Facebook.
“All happy companies are different. All unhappy companies are alike
” Peter Thiel Venture Capitalist, Hedge Fund investor Paypal Mafia / Early investor in Facebook.
“All happy companies are different. All unhappy companies are alike
” Peter Thiel Venture Capitalist, Hedge Fund investor Paypal Mafia / Early investor in Facebook. Fail to Scape Competition
“All happy companies are different. All unhappy companies are alike
” Peter Thiel Venture Capitalist, Hedge Fund investor Paypal Mafia / Early investor in Facebook. Become a Monopoly
Dream #3 BIG
Startup
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Startups FAIL Be cool with it! #4
Startups RealWorld TM … in the http://img0.joyreactor.com/pics/post/full/gif-tetris-games-1292436.gif
“Five Reasons 8 Out Of 10 Businesses Fail” www.forbes.com/sites/ericwagner/2013/09/12/five-reasons-8-out-of-10-businesses-fail/
“The Venture Capital Secret: 3 Out of 4 Start-Ups
Fail” http://online.wsj.com/news/articles/SB10000872396390443720204578004980476429190
“Ariadne, it’s a illusion" Inception, 2010
Why???
"There are no secrets to success. It is the result
of preparation, hard work, and learning from failure" Colin Powell US Secretary of State, four-star general of US ARMY
Play HARD Work HARD #5 ER
#6 Build your SKILLS
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#7 Build a GREAT Team
#8 People Want Make STUFF
Believe in your IDEA #9
focus on EXECUTION #10 Vs IDEAS
IDEAS are just a multiplier of http://sivers.org/multiply
None
How to execute better?
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LeanStartup Principle #1 Entrepreneurs are EVERYWHERE You don't have to
work in a garage to be in a startup
LeanStartup Principle #2 Entrepreneurship is MANAGEMENT A startup is an
institution, not just a product It requires a new kind of management
LeanStartup Principle #3 Validated LEARNING Startups exist to learn how
to build a sustainable business. This learning can be validated scientifically by running experiments
LeanStartup Principle #4 Innovation Accounting how to measure progress
how to setup milestones how to prioritize work
LeanStartup Principle #5 Build, Measure, Learn Turn ideas into products
measure how customers respond learn whether to Pivot or Persevere
5 November 2014, Hong Kong Your turn… :)