el futuro mx "se escribe digital" | clint nelsen
DESCRIPTION
TRANSCRIPT
![Page 1: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/1.jpg)
Bootstrapping Startups In
Mexico
Via Gringo Goggles
Friday, November 2, 12
![Page 3: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/3.jpg)
• 54 hour hackathon
• Pitch an idea
• Form a team
• Build a prototype
• Over 500 cities in 100 Countries
Co-Founder^
Friday, November 2, 12
![Page 4: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/4.jpg)
Co-Author^
Friday, November 2, 12
![Page 5: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/5.jpg)
• Investment fund
• Co-Invest with local investors in emerging markets.
• Global network of investors
• Pushing teams to focus on users & revenue
Founder^
Friday, November 2, 12
![Page 6: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/6.jpg)
How I started
Seattle Startup Weekend - 2007
Friday, November 2, 12
![Page 7: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/7.jpg)
How I got Started• Graduated college 2006
• Finance Degree
• ZERO Coding or Design Skills
• Attended Seattle Startup Weekend in 2007
• Bought Startup Weekend early 2008 (with no money)
• Bootstrapped the company
• Today 30+ employees offices in Seattle, Mexico city, London
• Raised $12M to date via 3 companies I co-founded.Friday, November 2, 12
![Page 8: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/8.jpg)
My Perspective
• Traveled to 100+ countries just for startups
• There are few original ideas
• Most Startup Weekends have nearly identical pitches
• Speed and execution is all that matters!
• I recently moved to San Francisco
Friday, November 2, 12
![Page 9: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/9.jpg)
Mexico Via Gringo Goggles
• I’ve been here for a month
• No plane ticket home yet :)
• Invested in 8 startups.
• There is SO MUCH POTENTIAL HERE!
• Many concepts in other parts of the world do not exist here.
Friday, November 2, 12
![Page 10: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/10.jpg)
How To Start• Get your monthly burn as low as possible
• Surround yourself with other entrepreneurs / mentors
• Go to Startup Weekend!
• Pick an idea you’re passionate about
• YOU NEED TO BE PASSIONATE ABOUT IT
• Work non-stop. NON-STOP.
• Forget your personal life (for a while) to succeed you need to treat this like bootcamp.
Friday, November 2, 12
![Page 11: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/11.jpg)
Which Idea?
• Start with something you feel comfortable doing or is a few degrees from what you do well.
• Keep it Simple! The fewer moving parts the better especially in the beginning.
• Do something you can execute on QUICKLY.
• There are few original ideas, most are a clone or a variation of an existing concept.
Friday, November 2, 12
![Page 12: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/12.jpg)
Silicon Valley SUCKS• Extremely expensive
• Hard to attract and retain talent
• Rent is expensive
• Office space is expensive
• Developers are INSANELY EXPENSIVE
• This is anti-startup.
• Silicon Valley does have the influencers, I’m not sure it’s the best place to start your journey.
• EVERY IDEA has been done!
Friday, November 2, 12
![Page 13: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/13.jpg)
Why Mexico Rocks!
• Startup ingredients are cheap (rent, talent, space, taxis, food Everything!)
• The market has few players. THATS AWESOME
• Facebook ads are .07 per click vs $1.70 in the US.
• $1M Marketing budget becomes a $25M budget!
Friday, November 2, 12
![Page 14: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/14.jpg)
Friday, November 2, 12
![Page 15: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/15.jpg)
Friday, November 2, 12
![Page 16: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/16.jpg)
Friday, November 2, 12
![Page 17: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/17.jpg)
Friday, November 2, 12
![Page 18: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/18.jpg)
Friday, November 2, 12
![Page 19: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/19.jpg)
Friday, November 2, 12
![Page 20: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/20.jpg)
Friday, November 2, 12
![Page 21: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/21.jpg)
Different Countries
SAME Startups
Friday, November 2, 12
![Page 22: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/22.jpg)
Friday, November 2, 12
![Page 23: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/23.jpg)
Friday, November 2, 12
![Page 24: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/24.jpg)
The World Is FLAT
Friday, November 2, 12
![Page 25: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/25.jpg)
You Need
• Low burn rate
• Problem to solve
• Team to solve it
• MVP & Market Validation
• A Big Market (little competition helps)
• Growth
• Plan to scale
Friday, November 2, 12
![Page 26: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/26.jpg)
Finding Product Market Fit
• Hack, cut corners, be fast. Tape it together before you pour concrete.
• Get users / paying customers as soon as possible.
• Run tests to do this.
• This is darts blindfolded. But each time you throw you get to look to see where your dart landed.
Friday, November 2, 12
![Page 27: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/27.jpg)
Opportunity in Mexico
Friday, November 2, 12
![Page 28: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/28.jpg)
Silicon Valley
Friday, November 2, 12
![Page 29: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/29.jpg)
Be Self Sufficient
• Nobody can stop you, and you need few external inputs.
• Plan for zero support
• Execute well
• You’ll get TONS of support when you no longer need it.
Friday, November 2, 12
![Page 30: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/30.jpg)
What Kind of Startup Are you?
• E-Commerce? Stay in your local market!
• New technology? Move to Silicon Valley
• Try to maximize self sufficiency in either case
Friday, November 2, 12
![Page 31: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/31.jpg)
Mexico Is About to Explode
• Especially if talking about an e-commerce startup, I’d rather launch in Mexico.
• 10% have smartphone, 90% in 4-5 years.
• Mexico is a HUGE market, with relatively few players, serves as a launch pad to South America.
Friday, November 2, 12
![Page 32: El Futuro MX "Se escribe digital" | Clint Nelsen](https://reader034.vdocument.in/reader034/viewer/2022051515/54c736124a79590c6e8b473b/html5/thumbnails/32.jpg)
Start Now!
• Launching a company isn’t hard
• Starting is the hardest part
• Seek out help
• Feel free to email me, happy to help!
Friday, November 2, 12