startupweekend amman women edition @zainjo ramialkarmi sep 2014
DESCRIPTION
Lean Startup Weekend 101 by Rami AlKarmi is the keynote speech for Amman Startup Weekend Women Edition http://www.up.co/communities/jordan/amman/startup-weekend/4182TRANSCRIPT
Rami Al-Karmi!
#SWAmman
Sep 2014
Lean Startup Weekend
@
101
#ZINC #ZAINCER
3
Feel Free to reach out @alkarmi
Mentor & LP
Founding Partner
Advisor Entrepreneurship & Investment
4
GEMINI Inside
Entrepreneur ?
Business Model Innova@on
2007
2008
Secrets of successful startups
27
Business
Schools teach
OUTDATED Startup
tools
28
“Valley of Death”
Research Grants Development Grants (eg SBIR)
Friends, Family, & Founders($5-$50k)
AngelInvestors($50-$500k)
Funding
Early StageVenture Capital($500k-$2M+)
Venture Capital($2M-$50M)
Private Equity,Project Financing($2M-$50M)
IPO, Merger, or Acquisition($2M-$50M)
Stage of Venture Development
Idea Basic Research
Applied Research
Proof ofConcept
Target Market
BusinessPlan
EngineeringPrototypes
SupplierContracts
ProductIntroduction
RevenueGrowth
ProductionPrototypes
DistributionContracts
Working Prototypes
Founding Team
NetCash Flow
➡ > 95% of startups fail ➡ VCs fund 1% of submiEed biz plans
I have some
U’re Product
A Product IS NOT
is ?
U’re Product
Business Model
Remove the fluff
34
Out of the building !
GET
HOW long is your Runway ?
54 Hours !
Uberiza@on