Download - Mandell Funded Vision & Idea
-
8/9/2019 Mandell Funded Vision & Idea
1/25
Your Vision & Idea Types
By: Matt Mandell
-
8/9/2019 Mandell Funded Vision & Idea
2/25
Sections
- Who am I- Idea Creation / Assessment
- General Thoughts- Conclusion- Questions
-
8/9/2019 Mandell Funded Vision & Idea
3/25
Why am I talking to you?
-
8/9/2019 Mandell Funded Vision & Idea
4/25
Where do Ideas come from?
What's broken?
What do I need?
Do you giveyourself time
to be creative?
-
8/9/2019 Mandell Funded Vision & Idea
5/25
Game-Changing Ideas are Harder.
BladelessFan
Gramaphone
http://www.dyson.com/fans/
http://www.yankodesign.com/2008/10/10/trashing-batteries-for-brighter-sidewalks/
-
8/9/2019 Mandell Funded Vision & Idea
6/25
-
8/9/2019 Mandell Funded Vision & Idea
7/25
Fidelity vs Convenience Products / Services
-
8/9/2019 Mandell Funded Vision & Idea
8/25
LV vs SC Johnson
-
8/9/2019 Mandell Funded Vision & Idea
9/25
Read More in: Trade Off
-
8/9/2019 Mandell Funded Vision & Idea
10/25
Ideas are the easy part.
Ideation is not as
hard as execution.
(If you telling me an ideadiminishes its value, it probablyisnt worth much)
-
8/9/2019 Mandell Funded Vision & Idea
11/25
Is my idea worth pursuing?
-
8/9/2019 Mandell Funded Vision & Idea
12/25
What is your Goal?
FortuneFameFun
(Often you get 2 not 3.)
Sometimes what's right isn't as important as what'sprofitable.
-- Trey Parker & MattS
tone,S
outh Park,Prehistoric Ice Man, 1999
-
8/9/2019 Mandell Funded Vision & Idea
13/25
What Scale are you thinking?
1 block celebrity City celebrity
Global celebrity
-
8/9/2019 Mandell Funded Vision & Idea
14/25
Idea Evaluation
Velocity How fast are you moving?
Repeatability How quickly can you do it again? Margins
How much of each $ do you keep?
-
8/9/2019 Mandell Funded Vision & Idea
15/25
My Ideas Evaluated
Velocity Repeata
bility
Margins Matts Response
DCSnacks Low Low Med Make it Passive
Store4Summer High High High Grow & Copy it
CityCentric High High Low Give it a little moretime
-
8/9/2019 Mandell Funded Vision & Idea
16/25
Steve Jobs & Bill Gates @ D5
-
8/9/2019 Mandell Funded Vision & Idea
17/25
An Entrepreneurs Big Mistake
Leave when you
fall out of love
Know when tofall out of love
-
8/9/2019 Mandell Funded Vision & Idea
18/25
Business Success is:
Success = Luck + Skill + Development
Success in anything is not about being right - it'sabout being progressively less wrong, faster thanothers.
- Doug Davidoff
-
8/9/2019 Mandell Funded Vision & Idea
19/25
Model of Business Success:
Action
Result
Expected
Unexpected
Learning
-
8/9/2019 Mandell Funded Vision & Idea
20/25
Advisors
Board of FriendsBoard of DirectorsSmart People
FamilyLocal Billionaires*
Find people who wont lie to you and can help you craftyour idea.*Billionaire friends & board members are highly encouraged by Matt.
My idea of an agreeable person isa person who agrees with me.
-Benjamin Disraeli
-
8/9/2019 Mandell Funded Vision & Idea
21/25
My Quick Tips
All in the DetailsLook for ideas from other verticalsVariable cost is good (esp in a down market)
Rapid IterationsFail Fast / Learn Fast
-
8/9/2019 Mandell Funded Vision & Idea
22/25
Required Cash?
Can I starve my new idea ofresources and have it thrive??
The market gives you feedbackwhen you are an entrepreneur...
they are your boss.
-
8/9/2019 Mandell Funded Vision & Idea
23/25
1 Page Business Plan
90 day10 year plans
-
8/9/2019 Mandell Funded Vision & Idea
24/25
What to tell a VC (Presentation Tips)
Present Clear IdeasKnow the Market
You need experience
Very few well funded cosWhere will it be in 5-10yrs
Have aProduct PersonProgrammer on your team(If youre in tech)
Listen
-
8/9/2019 Mandell Funded Vision & Idea
25/25
Parting Thought
You dont have entrepreneurship andinnovation without variance and disruption;
but every system is created to reducevariance and disruption.-Doug Davidoff
[email protected]@mattmandell