This document provides information on building a business idea and startup team, including an elevator pitch outline, examples of successful startups that received funding from Y Combinator and other competitions, and elements needed for startup success such as the management team, business plan, financing, and market. It also discusses different business sizes and risk/reward profiles and emphasizes finding problems to solve and doing something others think is impossible.
2. Idea Presentation
One Minutes Elevator Pitch
Problem
Management Team (Needed)
Disruptive Innovation
Market Size - Who is replaced?
Example
2010 Rice University Business Plan Competition winner
GlobalVenture Labs Investment Competition 2013 winner
https://youtu.be/TALxRFHOZfU
3. Y Combinator
http://www.ycombinator.com/
Y Combinator created a new model for funding early stage startups.
Twice a year, they invest a small amount of money ($120k) in a large number of startups (most
recently 107).
http://www.ycombinator.com/howtoapply/
Y Combinator is accepting applications for theSummer 2019funding cycle. It will take place
inMountain View, CAfromJuneAugust2019.
Submit yourapplicationonline by8 pm PT on March 25..
OnApril 16, by 10PM, Y-Combinator invites the groups that seem most promising to meet
them in Mountain Viewin late April. Well They reimburse reasonable travelexpenses.
4. Request for Startups(2019)
http://www.ycombinator.com/rfs/
1. A.I.
2. Bio
3. Brick and Mortar 2.0
4. Carbon Removal Technologies
5. Cellular Agriculture and Clean Meat
6. Cleaner Commodities
7. Computer Security
8. Diversity
9. Education
10.Energy
11.Enterprise Software
12.Financial Services
13.Future of Work
14. Healthcare
15. Improving Memory
16. Longevity and Anti-aging
17. One Million Jobs
18. Programming Tools
19. Robotics
20. Safeguards Against Fake Video
21. Supporting Creators
22. Transportation & Housing
23. Underserved Communities
24. Voice Apps
25. VR and AR
5. Idea Presentation
Kickstarter, Shark Tank
Kickstarter style presentation
Example: Pebble raises $6M for color smart watch
https://youtu.be/Q8Xtl9FtE58
Shark Tank style presentation
Example: Shark Tank Biggest Offer Ever $30 Million Turned Down - Coffee Meets Bagel
https://youtu.be/kVB4B5XxLjg
https://youtu.be/QMEGbJElRoU
10. Business Size, Risk, and Reward
P(survival) = 1.0 - p(failure)
Low 0.3 0.5 0.7 High
LowMediumHigh
Risk
P(Survival) is inversely proportional to risk
Retail stores
Technology-based products
(high-growth objective)
Technology-based
consulting
(low growth
objective)
P(failure)
High 0.7 0.5 0.3 Low
Reward
LowHighLow
11. It All Starts with an Idea
from The Ultralight Startup - Launching a business without clout or
capital, Jason L. Baptiste (2012)
Find a problem that needs to be solved
It doesnt have to be sexy to make a money
You dont have to new, you just have to be better
Do something that have to be impossible
12. The Largest Scale Entrepreneur of History?
Steve Jobs
Bill Gates
Henry Ford
Andrew Carnegie
Elon Musk
譯殊
企豌
Gaius Julius Caesar (Classical Latin: [鼻a.i.s
ju.li.s kae妙.sar]; 13 July 100 BC 15 March 44
BC) was a Roman statesman, general notable
author of Latin prose, and entrepreneur.
13. Key Clue
Market: world, citizen of global Roma
Team: Multi-national, multiracial
Product & Service: innovative (military) strategy, political model, military
and civil engineering technology, new business model
Financing: enormous debt 鍖nancing
Plan: Roman Empire (inherited to Octavius after his death at BC44)
17. Case Discussion
HBSP Case 9-812-122, Noam Wasserman,Assembling the Startup Team.
Describe your dream business.
Describe yourself. What will be your role in the team?
Who are the people whom you would like to have as a cofounder or
startup team member?
How are you going to compensate them?