code meetup presentation bootstrapping
DESCRIPTION
Here are the workshop slides for how to bootstrap your startup. Doesn't include the interactive exercises we did in the workshop.TRANSCRIPT
Bootstrapping your Startup
Learn to CodeMay 17, 2013
Barbara Tassa, [email protected]: @barbie_t or @weblishpalSkype: barbara.tassa
Monday, May 20, 13
Path to Success
1. Concept
2. Identify problem, solution, market research, rough business plan how to make money
4. Hire Rockstar Team
5. Build Amazing Product
3. Raise Funding
6. Launch
7. Grow Revenues
8. Acquisition / IPO
Monday, May 20, 13
Real Startup Roadmap
1. Concept Genesis
2. Identify problem, solution, market research, rough business plan how to make money
3. Form Team
4. Prototype
5. User Testing6. Revisions
7. User Testing
8. Build9. Select Beta User Base
11. Track User Growth / Show Revenue Potential
10. Launch
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It’s a hard knock life...
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What You Should Know How To Do
1. Clearly Identify Your Problem & Customer2. Estimate Market Size3. How you will make money4. Prototype, Show Customers, Iterate5. Skill sets you need to add to your startup6. Realistically estimate costs & runway7. Work Within the Startup Community8. Pitch9. Manage a Team10. Manage Yourself
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*Plan for No Money
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1. Problem & Customer
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Problem Q’s
1. Who is your end paying customer?
2. How “painful” is the problem?
3. How do they currently resolve pain?
4. How many people share this problem?
5. Is it feasible to get paid for resolving this problem?
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User Personas + Stories
Who am i?My AttitudesWhat I care aboutMy GoalsMy InterestsMy PersonalityMy SkillsMy DreamsMy Relationship with Tech
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2. Market Info
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Key Market Metrics1. Market Size = Total Units * Price
2. Your Market Potential (or Share): 10% of Market (not ideal)or bottom up (California Wineries)
3. Your PriceAverage Market Price? Higher? Lower? Why?
4. Growthwhy: Growth Drivers (tech, demographics, migration, etc)how much: %for how long: next 5 years
5. CompetitorsHow many? Share for each?
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3. Making Money
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Type of Revenue Models1. Subscription
ex. Netflix, Crunch Gym2. Advertising
ex. Google3. Direct Purchase
ex. Amazon, Zappos, Safeway4. Rental / Pay-per-Use
ex. Rent the Runway, Zipcar5. Transaction Fees
ex. PayPal, Visa6. Leads/Referrals
ex. Trulia, Zillow, LearnHub7. Time/Consulting
ex. McKinsey
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Testing Revenue Streams
1. Landing Pages
2. Google Ad Test
3. FB Ad test
4. People you know buying
5. Where else can you reach customers?
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4. Prototyping
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Types of Prototypes
1. Paper
2. Keynote/Word
3. Coded
$, fast
$$$, time consuming
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5. Skill Sets
Coder
Biz Designer
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6. Financial Projections
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7. Startup Community
1. Startup Events- Demo nights, hackathons, meetups, coffees
2. Consultants- Know what you’re getting into
3. VCs, Angels- Build relationships
Overall: what can YOU do for other people?
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8. Pitching
7 Second
30 Second 2 min
5 min
20 min
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8. Pitching
A. Build Relationships
B. Find alternate sources of funding (grants, hackathons, crowdfunding)
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9. Managing Team
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10. Managing Yourself
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