When to throw in the towel?

Transcript

1. When to throw in the towel? Ricardo J. Méndez ricardo@samsungnext.com

   @argesric October 12, 2019

2. • Technical Director @ Samsung NEXT • Venture investments on

   software innovation, early stage • Recovering entrepreneur • Software engineer • Privacy and open source advocate Who am I?

3. Speaking, not a speech. What are we talking about?

4. When to throw in the towel? What are we talking

   about?

5. Failure states and how to spot them. What are we

   talking about?

6. Failure is defined by what you want to achieve. What

   are we talking about?

7. Know what you want to achieve. 
 
 Keep going

   for as long as it is achievable. What are we talking about?

8. When to throw in the towel? Failure states

9. If it’s not running out of money, it’s not a

   startup. Failure states

10. “A startup is an organization formed to search for a

    repeatable and scalable business model.” Failure states — Steve Blank

11. • When the market invalidates your premises. • When you

    missed your window. • When the timing is wrong. • When you are the wrong person for the job. • When you end up running the wrong kind of business. • When you have commitment issues. • When you are a zombie. When to stop searching?

12. Not on this list: investors passing. Failure states

13. When your premises are invalidated. Failure states

14. When you missed your window. Failure states

15. When the timing is wrong. Failure states

16. When you are the wrong person for the job. Failure

    states

17. When you end up running the wrong kind of business.

    Failure states

18. When you have commitment issues. Failure states

19. When you are a zombie. Failure states

20. When to throw in the towel? Anything I missed? Ricardo

    J. Méndez ricardo@samsungnext.com @argesric