bu e-club talk
Post on 21-Oct-2014
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DESCRIPTION
A talk at the Boston University Entrepreneurship Club title 'Intro to Internet Startups in 2013'TRANSCRIPT
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Intro to Internet Startups in 2013
Connor McEwen
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DAFUQ U KNO?
How computers work (almost)
Started Credport, went through Summer@Highland and Startupbootcamp Berlin
I read a lot of stuff on the internet
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STARTUPS
Someone starting a company, right?
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NO
Law firms
Doctors
Food trucks
Maids
etc...
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YES
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STARTUPS
An organization formed to search for a repeatable and scalable business model
-Steve Blank
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STARTUPS
A product, not a service
Exponential Growth
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SCALEABLE
Less HardHard
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INTERNETZ
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WHICH MEANS
Cool?
Yes
Venture Fundable?
No
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INVESTMENT
Spend some money now,
make way more later
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INVESTMENT
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INVESTMENT
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1. Get everyone to use Facebook
2. Show them ads
3. Profit
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AMAZON
1. Get people to buy stuff on Amazon
2.Take a percentage of the sales
3. Profit
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INVESTORSPeter Thiel
$500k into Facebook
$446M out of Facebook
20122004
900x, scheiss
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WHY START?
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FALSE
You’re not going to make money
THIS IS NOT YOU
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SO WHY?
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SO WHY?
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SO WHY?
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SO WHY?
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SRSLY
Just start something
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I CAN’T
I don’t know how!
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FALSE
Start learning
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I CAN’T
I don’t have an idea!
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FALSE
Help someone who does
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OUR IDEA
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BUT...
Not important Important
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IDEAS
Think about stuff you like
Talk to your friends
Read stuff
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STARTING
Read Hacker News
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STARTING
Get on Twitter
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STARTING
Read Blogs
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READY?
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CUSTOMERS
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TOOLS
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CO-FOUNDERS
Great, but not necessary
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CODING
Great, but not necessary
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PRODUCT
Something people want
Definitely necessary
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HELP
Project/hacking meetups? The internet
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THANKS
Thanks for listening
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HIT ME UP
@connormcewen
419-344-3697
bustartups.com