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Barcamp Vn Nov15 2008

James Vuong
James Vuong
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BarCamp Saigon 1 Nov 15 th , 2008 James Vuong VP, Investment & Technology IDG Ventures, Vietnam [email_address]
Entrepreneurship is about those who dare to dream the dreams and are hungry and foolish enough to try and make their dreams come true Doanh nh但n l nh畛ng ai c坦 can 畉m, khao kh叩t v d叩m m畉o hi畛m 畛 bi畉n gi畉c m董 thnh hi畛n th畛c
So you want to do a startup V畉y b畉n ang mu畛n thnh l畉p m畛t c担ng ty
Are you sure? B畉n c坦 chu畉n b畛 t但m l箪 ch動a?
Crucial Questions for Yourself and Your Investor? Nh畛ng c但u h畛i quan tr畛ng cho c叩 nh但n v nh 畉u t動 c畛a b畉n?
Whats Your Value Proposition? Gi叩 tr畛 ph畛c v畛 c畛a s畉n ph畉m b畉n l g狸? Aspirin Vitamin Candy
-What Problem are You Solving? - B畉n gi畉i quy畉t 動畛c v畉n 畛 g狸? Or Ho畉c - What Need are You Addressing? - B畉n 叩p 畛ng 動畛c nhu c畉u g狸?
Do You Solve One Problem Really Really Well? B畉n c坦 lm m畛t chuy畛n no xu畉t s畉c kh担ng ? How Satisfy Are Your Customers? Kh叩ch hng c畛a b畉n c坦 hi l嘆ng kh担ng ?
Do you have a large Total Addressable Market (TAM)? B畉n c坦 m畛t th畛 tr動畛ng l畛n khong?
What i$ the Business Model? M担 h狸nh kinh doanh l g狸? Its not just about growing traffic and user$! Kh担ng ch畛 ph叩t tri畛n traffic v ng動畛i s畛 d畛ng ! $omeone willing to pay you? C坦 th畛 ki畉m 動畛c ti畛n kh担ng ?
Whats Your Sustainable Competitive Advantage? K畉 ho畉ch c畉nh tranh l畛i th畉 l但u di c畛a b畉n l g狸?
Being the first mover, agile, and fast are necessary to survive i 畉u, nh畉y b辿n, nhanh nh畉n l nh畛ng i畛u c畉n thi畉t 畛 t畛n t畉i But not sufficient to succeed. Nh動ng ch動a 畛 畛 thnh c担ng
How do You Erect Barrier-to-Entry? B畉n lm th畉 no ch畉n 動畛c 畛i th畛 ?
Ideas ( t動畛ng)
Idea is just a multiplier t動畛ng ch畛 l m畛t h畛 s畛 X Execution is everything! Th畛c hi畛n l t畉t c畉! NO EXECUTION = $1 WEAK EXECUTION = $1000 SO-SO EXECUTION = $10,000 GOOD EXECUTION = $100,000 GREAT EXECUTION = $1M BRILLIANT EXECUTION = $10M AWFUL IDEA = -1 WEAK IDEA = 1 SO-SO IDEA = 5 GOOD IDEA = 10 GREAT IDEA = 15 BRILLIANT IDEA = 20
The Team is Most Important! Ban i畛u hnh l y畉u t畛 quan tr畛ng nh畉t! Why Is Your Team the Best to Execute This Idea? T畉i sao b畉n l ng動畛i duy nh畉t th畛c hnh 動畛c 箪 t動畛ng ny ?
Smart is Not Enough Th担ng minh c滴ng ch動a 畛
Missionary vs. Mercenary L鱈nh y棚u n動畛c vs. L鱈nh 叩nh thu棚
Trustworthiness 叩ng Tin 遺畉y
Transparency Minh B畉ch
Where most entrepreneurs fail is on the things they dont know they dont know. VinodKhosla The Big Bad Unknown
Too Many Ideas is Bad! Qu叩 nhi畛u 箪 t動畛ng c滴ng kh担ng t畛t! Focus, focus, laser focus! T畉p trung!
A Complete Team of the A Players M畛t team v畛i t畉t c畉 thnh vi棚n l A players The Village People - Y.M.C.A.
Entrepreneurship is about those who dare to dream the dreams and are hungry and foolish enough to try and make their dreams come true Go make your dreams come true! H達y bi畉n gi畉c m董 c畛a b畉n thnh hi畛n th畛c!
Stay Hungry, Stay Foolish! - Steve Jobs
If you have any questions or comments, Id love to hear from you. James Vuong [email_address]

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Barcamp Vn Nov15 2008

  • 1. BarCamp Saigon 1 Nov 15 th , 2008 James Vuong VP, Investment & Technology IDG Ventures, Vietnam [email_address]
  • 2. Entrepreneurship is about those who dare to dream the dreams and are hungry and foolish enough to try and make their dreams come true Doanh nh但n l nh畛ng ai c坦 can 畉m, khao kh叩t v d叩m m畉o hi畛m 畛 bi畉n gi畉c m董 thnh hi畛n th畛c
  • 3. So you want to do a startup V畉y b畉n ang mu畛n thnh l畉p m畛t c担ng ty
  • 4. Are you sure? B畉n c坦 chu畉n b畛 t但m l箪 ch動a?
  • 5. Crucial Questions for Yourself and Your Investor? Nh畛ng c但u h畛i quan tr畛ng cho c叩 nh但n v nh 畉u t動 c畛a b畉n?
  • 6. Whats Your Value Proposition? Gi叩 tr畛 ph畛c v畛 c畛a s畉n ph畉m b畉n l g狸? Aspirin Vitamin Candy
  • 7. -What Problem are You Solving? - B畉n gi畉i quy畉t 動畛c v畉n 畛 g狸? Or Ho畉c - What Need are You Addressing? - B畉n 叩p 畛ng 動畛c nhu c畉u g狸?
  • 8. Do You Solve One Problem Really Really Well? B畉n c坦 lm m畛t chuy畛n no xu畉t s畉c kh担ng ? How Satisfy Are Your Customers? Kh叩ch hng c畛a b畉n c坦 hi l嘆ng kh担ng ?
  • 9. Do you have a large Total Addressable Market (TAM)? B畉n c坦 m畛t th畛 tr動畛ng l畛n khong?
  • 10. What i$ the Business Model? M担 h狸nh kinh doanh l g狸? Its not just about growing traffic and user$! Kh担ng ch畛 ph叩t tri畛n traffic v ng動畛i s畛 d畛ng ! $omeone willing to pay you? C坦 th畛 ki畉m 動畛c ti畛n kh担ng ?
  • 11. Whats Your Sustainable Competitive Advantage? K畉 ho畉ch c畉nh tranh l畛i th畉 l但u di c畛a b畉n l g狸?
  • 12. Being the first mover, agile, and fast are necessary to survive i 畉u, nh畉y b辿n, nhanh nh畉n l nh畛ng i畛u c畉n thi畉t 畛 t畛n t畉i But not sufficient to succeed. Nh動ng ch動a 畛 畛 thnh c担ng
  • 13. How do You Erect Barrier-to-Entry? B畉n lm th畉 no ch畉n 動畛c 畛i th畛 ?
  • 15. Idea is just a multiplier t動畛ng ch畛 l m畛t h畛 s畛 X Execution is everything! Th畛c hi畛n l t畉t c畉! NO EXECUTION = $1 WEAK EXECUTION = $1000 SO-SO EXECUTION = $10,000 GOOD EXECUTION = $100,000 GREAT EXECUTION = $1M BRILLIANT EXECUTION = $10M AWFUL IDEA = -1 WEAK IDEA = 1 SO-SO IDEA = 5 GOOD IDEA = 10 GREAT IDEA = 15 BRILLIANT IDEA = 20
  • 16. The Team is Most Important! Ban i畛u hnh l y畉u t畛 quan tr畛ng nh畉t! Why Is Your Team the Best to Execute This Idea? T畉i sao b畉n l ng動畛i duy nh畉t th畛c hnh 動畛c 箪 t動畛ng ny ?
  • 17. Smart is Not Enough Th担ng minh c滴ng ch動a 畛
  • 18. Missionary vs. Mercenary L鱈nh y棚u n動畛c vs. L鱈nh 叩nh thu棚
  • 21. Where most entrepreneurs fail is on the things they dont know they dont know. VinodKhosla The Big Bad Unknown
  • 22. Too Many Ideas is Bad! Qu叩 nhi畛u 箪 t動畛ng c滴ng kh担ng t畛t! Focus, focus, laser focus! T畉p trung!
  • 23. A Complete Team of the A Players M畛t team v畛i t畉t c畉 thnh vi棚n l A players The Village People - Y.M.C.A.
  • 24. Entrepreneurship is about those who dare to dream the dreams and are hungry and foolish enough to try and make their dreams come true Go make your dreams come true! H達y bi畉n gi畉c m董 c畛a b畉n thnh hi畛n th畛c!
  • 25. Stay Hungry, Stay Foolish! - Steve Jobs
  • 26. If you have any questions or comments, Id love to hear from you. James Vuong [email_address]