unexpected entrepreneur presentation
DESCRIPTION
Now that you're an Entrepreneur - what are you in for? If you are looking for funding this is what you need to know.....TRANSCRIPT
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What Makes Start-Ups What Makes Start-Ups GoGo
Advice for the UnexpectedAdvice for the Unexpected
EntrepreneurEntrepreneur
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Understanding the Understanding the Entrepreneurial MindsetEntrepreneurial Mindset
vs.vs.The Secret Rules of The Secret Rules of
InvestorsInvestors
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Reality ChequeReality Cheque
Starting One’s Own Business is Starting One’s Own Business is American MythologyAmerican Mythology
Harris Poll: Starting own Business is Harris Poll: Starting own Business is 47% of workday fantasies vs. 53% for 47% of workday fantasies vs. 53% for
sexsex
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Motives MatterMotives Matter
Making Money vs. Chasing a Making Money vs. Chasing a DreamDream
Owning Your DestinyOwning Your Destiny Consulting is Consulting is
EntrepreneurshipEntrepreneurship
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First, Be Credible!First, Be Credible!
Who and What you stand for:Who and What you stand for: Sets ExpectationsSets Expectations Earns PermissionsEarns Permissions
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Ideal MindsetIdeal Mindset
Passion and Passion and AttitudeAttitude FlexibilityFlexibility
Overcoming ObstaclesOvercoming Obstacles Survival UnderwaterSurvival Underwater
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Entrepreneur Self-Entrepreneur Self-CheckCheck Are you aAre you a SalesmanSalesman
Head CoachHead Coach TechnologistTechnologist Team LeaderTeam Leader
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Investible vs. Non-Investible vs. Non-InvestibleInvestible
Realistic evaluation saves wasted time Realistic evaluation saves wasted time and long-term credibilityand long-term credibility
Non-investible can changeNon-investible can change Ill-conceived investible either crashes or Ill-conceived investible either crashes or
never gets off the groundnever gets off the ground
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View from the VCsView from the VCs
TractionTraction SurvivabilitySurvivability
PaydayPayday
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Jockey Not the HorseJockey Not the Horse
Who you are matters more than the ideaWho you are matters more than the idea
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The Secret Hierarchy of The Secret Hierarchy of EntrepreneursEntrepreneurs
Successful Serial EntrepreneursSuccessful Serial Entrepreneurs 10 Year Veteran10 Year Veteran
Twentysomething MoonshotTwentysomething Moonshot Senior Superiority?Senior Superiority?
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Why Your Background Why Your Background CountsCounts
Judged by Family BackgroundJudged by Family Background Explains Your Exposure to a World Explains Your Exposure to a World
Tapping ConnectionsTapping Connections Accountable to a CommunityAccountable to a Community
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VC Dream TeamVC Dream Team
Chief SalesmanChief Salesman TechnologistTechnologist
CFOCFO
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InvestibleInvestible High Growth Area High Growth Area
Inside AccessInside Access Solving Known ProblemSolving Known Problem
Proven TeamProven Team Selling Mentality/Self-StartSelling Mentality/Self-Start
Skin in the GameSkin in the Game
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Non-InvestibleNon-Investible….….but possibly financablebut possibly financable
Growing ConsultancyGrowing Consultancy Lifestyle Business Lifestyle Business
(Service, Shop, Restaurant, B&B etc.)(Service, Shop, Restaurant, B&B etc.) Franchise Franchise
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Who Got Money – Who Who Got Money – Who Didn’tDidn’t
Understand the Investor Understand the Investor PsychologyPsychology
The Science of Referrals : The Science of Referrals : Implicit Association TestImplicit Association Test
Hot Growth AreaHot Growth Area
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How to Enhance How to Enhance Expectations Expectations
Anticipate career baggageAnticipate career baggage Appear FlexibleAppear Flexible
Passionate and Salesmanlike Passionate and Salesmanlike vs. Too Certain and Presumptuousvs. Too Certain and Presumptuous
Pragmatic vs. PerfectingPragmatic vs. Perfecting Skin in the Game (Overt or implied)Skin in the Game (Overt or implied)
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You’re In It For the You’re In It For the Long HaulLong Haul
Be PositiveBe Positive Leave the Door OpenLeave the Door Open
Stay credible and eventually you’ll Stay credible and eventually you’ll winwin
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Common Errors Common Errors
Grand Ideas Grand Ideas Unified Field Theories (Wormholes OK)Unified Field Theories (Wormholes OK)
Feelings/Help the WorldFeelings/Help the World No Skin in the GameNo Skin in the Game Not High Growth (10x)Not High Growth (10x)
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What to AvoidWhat to Avoid ““Head of State” Head of State” ““Chief Advisor” Chief Advisor” ““Resident Guru” Resident Guru”
““Mr. Rolodex/Mr. Golf” Mr. Rolodex/Mr. Golf” – – unless you do sales.unless you do sales.
Billable hours mentalityBillable hours mentality
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Know Your Close…Know Your Close…Without Being ClosedWithout Being Closed
Have a realistic valuation based on Have a realistic valuation based on reasonable comparablesreasonable comparables
Know standard deal structuresKnow standard deal structures Show flexibility but not spinelessnessShow flexibility but not spinelessness
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Good Luck!Good Luck!
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Entrepreneurs on Entrepreneurs on Prime TimePrime Time