how to find a co-founder (v1.2)
DESCRIPTION
How to find a co-founder. Download the white paper associated to this slideshare http://bit.ly/CoFounderDevelopment What is a co-founder, Intro to co-founder development, Introduction of the trivial concept of Minimum Viable Team (MVT) and co-founder development.TRANSCRIPT
HOW TO FIND A CO-FOUNDER
THE 21st CENTURY WAYWednesday, March 6, 13
THIS PRESENTATION IS FOR THE 90% OF YOU WHO ARE LOOKING FOR A CO-FOUNDER
(COMPLEMENTARY TALENT, CAPITAL, ETc...)
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SURE YOU KNOW ABOUTLEAN STARTUP
BUT HOW DO YOU BUILD the HYPOTHETICAL DREAM TEAM?
*
READ
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IF YOU have JUST begun building YOUR STARTUP YOU SHOULD KNOW THAT BUILDING A PRODUCT is not YOUR BIGGEST CHALLENGE
its KEEPING YOUR TEAM TOGETHER!
(65% OF STARTUPS FAIL BECAUSE OF MANAGEMENT ISSUE WITH THE FUNDING TEAM)
Read FOUNDER’S DILEMMAS FOR MORE INFO
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WHAT EXACTLY IS A FOUNDER?
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“FOUNDERS ARE INDIVIDUALS WHO CREATE, EXECUTE, AND INVEST IN IDEAS TO TURN THEM INTO STARTUPS”
TimeMoneyTalent
...
Get Shit doneReal things (you can see them)etc...From nothing (inventors)
By associating ideas
By complementing existing ideas etc...
*
*
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INSPIRE
DISCOVER
FOUNDER
STARTUP
SCALE
LEADER / FT500
THE ENTREPRENEUR’S JOURNEY (THE EJ)
YOU ARE HERE
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ZOOMWednesday, March 6, 13
CO-FOUNDER DEVELOPMENT
FOUNDER
SELF AWARENESS
CO-FOUNDER DISCOVERY
MINIMUM VIABLE TEAM (MVT)
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SELF AWARENESS
DON’T BS YOURSELF WHAT DO YOU REALLY BRING TO THE TABLE?
TALENT, MONEY, UNFAIR ADVANTAGE?
NOTHING? ASK OTHERS. IF NO ONE IS IMPRESSED,GO BACK TO SCHOOL
OR START LEARNING ON YOUR OWN (THE DISCOVERY PHASE)
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LIKE A FIRST DATE, YOU WONT BE ASKING,
“WOULD YOU MARRY ME!”RIGHT AWAY
HAVE YOUR CO-FOUNDER PITCH READY THERE IS NO SUCH THING AS THE PERFECT CO-FOUNDER
CO-FOUNDER DISCOVERY
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REMINDER! A CO-FOUNDER IS NOT AN EMPLOYEE. THEY WILL HAVE ACCESS TO THE CREATION OF THE STARTUP, MEANING YOU HAVE TO BE READY TO GIVE UP SOME OF YOUR IDEA! TREAT THEM LIKE YOU WOULD
TREAT YOURSELF
A CO-FOUNDER PITCH IS NOT AN “ELEVATOR PITCH”
A CO-FOUNDER PITCH IS ABOUT YOU, NOT YOUR STARTUP. WHAT DO YOU BRING TO THE TABLE?
WHY SHOULD SOMEONE EVEN CONSIDER WORKING WITH YOU?
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MOST IMPORTANTTALK ABOUT VALUES, PASSION, THINGS THAT YOU CARE ABOUT.
FIND SOMETHING YOU DISAGREE ON, SEE HOW YOU HANDLE IT WITH YOUR POTENTIAL CO-FOUNDER
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EVERYTHING LOOKS GOOD?
TIME FOR A “WORKING TOGETHER” DATE . (or a startup weekend :)
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A MINIMUM VIABLE TEAM IS ABLE TO EXECUTE ON THE
CORE IDEA IF NOT, CHANGE THE IDEA (START WITH THE TEAM COMPETENCIES)
OR CHANGE (ALL/PART) OF THE TEAM (GO BACK TO THE PREVIOUS SLIDES!)
MVT
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SO, CAN YOU GUYS WORK TOGETHER WELL?
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YOU WILL PROBABLY STILL FAIL!
NOW YOU CAN START BUILDING YOUR STARTUP!
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D. MVT
A. Self Awareness / BUILD YOUR ASSETS
B. Co-founder DISCOVERY
C. Co-founder ACTION-DATING
E. sTARTUP
SERIAL ENTREPRENEUR
- CO-FOUNDER DEVELOPMENT CYCLE -
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DOWNLOAD CO-FOUNDER DEVELOPMENT
(FREE PDF)
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EXECUTE INVEST CREATE
EXECUTE CREATE
EXECUTE INVEST
INVEST CREATE
CREATE
INVEST
EXECUTE
FOUNDER
EARLY EMPLOYEE
INVESTOR (VC / BUSINESS ANGEL..)
SOMEONE WITH $
INVENTOR
EMPLOYEE
EXECUTE
INVEST
CREATE
THE ACT OF TRANSFORMING AN IDEA / A CONCEPT INTO REALITY
A TRANSACTION INVOLVING SIGNIFICANT OWNERSHIP OF A RESOURCE IN THE HOPE OF A GREATER RETURN ON THE INITIAL INVESTMENT
THE ACTION OF PRODUCING THE ORIGINAL CONCEPT OR IDEA THAT PREFIGURE THE STRATEGY
ADDENDUM
+ +
+
++
ACCELERATORS / INCUBATOR
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