際際滷

際際滷Share a Scribd company logo
Andrea Barrica,
venture partner/EIR @
@abarrica
From Vitamin to PainKiller:
Story of
Shift Conference 2015 - Andrea Barrica (500 Startups)
Shift Conference 2015 - Andrea Barrica (500 Startups)
!
!
!
$1.1M seed
!
!
Shift Conference 2015 - Andrea Barrica (500 Startups)
2011
(private chefs)
2011
We werent making money.
!
Steve Blank, a forefather of Lean Startup
Congratulations,
youve failed!
Shift Conference 2015 - Andrea Barrica (500 Startups)
5 Lessons
!
(on how to bootstrap a startup
after burning $1M)
Lesson #1
dont look back
we fired everyone
(even our customers)
Shift Conference 2015 - Andrea Barrica (500 Startups)
Shift Conference 2015 - Andrea Barrica (500 Startups)
Shift Conference 2015 - Andrea Barrica (500 Startups)
Lesson #2
back to basics:
find the pain
Shift Conference 2015 - Andrea Barrica (500 Startups)
Shift Conference 2015 - Andrea Barrica (500 Startups)
Lesson #3
empathy pay$
!
be delightful,
get referrals
=
$1M ARR in 10mo
"inDinero has saved us thousands of
dollars and reduced the amount of time I
spend thinking about accounting by
many hours a week. A fantastic
investment."
!
- Kaz, CEO of Kash
Lesson #4
beware metrics that
dont matter
the vitamin:
20K users
5M transactions/month
$2B 沿姻看界艶壊壊艶糸
the painkiller:
!
$315K MRR
-400+ paying customers
!
-growing 2x YoY
!
-99% MoM retention rate
!
revenue
MoM % growth
CAC vs. LTV
% referrals
WAU/DAU
!
Lesson #5
find pain first,
then worry about scale
!
not scalable?
315K MRR!
99% MoM retention rate
80% gross margins
Bonus Lesson:
diverse teams win
!
Diversity will make you more money.
!
+women
+minorities
+introverts
+high empathy
+all ages
!
Andrea Barrica
@abarrica
andrea@500.co
Hvala lijepa!
Ad

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