why now is the best time to start a company?! - southstart adelaide
TRANSCRIPT
Why now is the best time to start a
company!
Why now is the best time to start a
company?
“The best time to plant a tree was 20
years ago. The second best time is now.”
– Chinese Proverb
VC-backed tech companies take seven years on
average to go public
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. Biz Stone Twitter cofounder
Timing, perseverance, and ten years of trying will eventually make you look like an overnight success. Biz Stone Twitter cofounder
what you start might not be what
becomes a hit
2008
2009
2010
2010
2011
2012
2013
2014
Why now is the best time to startup a
company?
Not building on your own
Easier to work from anywhere
you can hire remotely for prototypes
Ability to learn from people who have done it before
Easier to find customers
Easier for customers to give you money
What does success look like?
Define what success means to youKevin Kelly cofounder of Wired & Cool Tools
“One is not better than the other. We think of evolution as a ladder but it’s really kind of a radial explosion, and so every single species alive today is equally evolved and is equally successful. They’re all successful. The dandelion and the cockroach are as successful as the bird of paradise, if they’re surviving. So what I’m suggesting is that all these different three million species that we have catalogued on Earth already, are all figuring out and all have their own definition of success.”
Startups = GrowthStartups = Growth
Startups = GrowthStartups = Growth
The one that lasts the longest Jerry Colonna
Investor & CEO coach
Marco Arment
“After the self-employment penalties in taxes and benefits, I’m probably coming in under what I
could get at a good full-time job in the city, but I dont have to actually
work for someone else on something I don't care about. I can work in my nice home office, drink
my fussy coffee, take a nap after lunch if I want to, and be present for my family as my kid grows up. That’s my definition of success”
1000 True Fans
Christoph JanzManaging Partner
at Point Nine Capital
Know which route you want to take and don’t look to others who are not on the same route.
Startups are hard no matter the size
In founding a startup, you throw yourself off a cliff and build an airplane on the way down.
Reid HoffmanPartner at Greylock & Co-Founder and Executive Chairman at Linkedin
Every really new idea looks crazy at first. -Abraham Maslow
Don’t listen to the haters
Focus on your strengths
and hire for the rest
“hire anyone you trust who is a quick learner”
~Reid Hoffman
you never know when someone is
ready to switch jobs
Tell everybody about your startup
seek out likeminded
people
Next slide is IMPORTANT
don’t quit your job to startup
a company
don’t add more stress
When you are ready to startup your company
Focus
Persevere
Why now is the best time to start a
company?
1. Its going to take time
2. Don’t build everything yourself
3. Easier to work from anywhere
4. Learn from ppl who have done it before
5. Go to where your customers are
6. Make it easy for your customers to pay
7. Define what success means to you
8. Surround yourself with like minds
9. Tell everybody about your startup
