innovation at mobstac - can startups innovate?
TRANSCRIPT
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Innovation @ MobStac“Can startups innovate?”
Ravi Pratap MCo-founder & CTO
Cisco iSpark - July 10, 2014
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About Me
Hyderabadi by birth
Lived in 6 world cities over the last 10 years
Open-source hacker: GNOME, curl, Mono
Startup guy
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to introduce changes or new ideas
innovate (verb).
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to execute new ideas rapidly until you achieve product-market fit
innovate (verb).
(startup dictionary definition)
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Startups have to innovate because survival depends on it!
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Axes Of Innovation
Market
Product People
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Market Innovation
How do you acquire customers rapidly?
Do you apply the methods that have been working for company X?
Freemium! 0"
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1*Oct" 8*Oct" 15*Oct" 22*Oct" 29*Oct" 5*Nov" 12*Nov"
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Product Innovation
Focus on solving a problem and nothing else. Obsess over the tiniest details.
Repeatable, if you create a process around it.
Expect failure.
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People Innovation
Start with the hiring process!
How do you get people to join a company that no one has heard of?
What makes them come back each day?
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Lessons Learned
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Take the long-term view.
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It’s a long journey. Prepare to fail a lot.
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Take chances. Ask the question, “What if?”
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Then
Text
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Now
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25 people.
3 products, 11 patents pending.