STARTUP- my own learnings from Guru-App
Download as PPTX, PDF
7 likes2,364 views
I launched 40+ apps within a year, and thought it would be worthwhile sharing some insights on my personal journey. Hopefully, this is useful to the newbies out there.
STARTUP- my own learnings from Guru-App
- 1. I ran a bootstrapped startup for 1 year and have some advice for newbies I hope you find them useful
- 2. So, you wanna start a startup? A feel good project Lifestyle Social prestige Do something different Yes, make money! Find the right PURPOSE
- 3. Ideas are a dime a dozen Choose One Can I get 100 users by myself? Get feedback No Yes Talk to people and share the ideas
- 4. What is the size of the market? Which mega trend am I betting on? Am I ok with the risks? Hell yeah, lets go Quantify your thoughts
- 5. What are you hunting?
- 6. Are you hunting in the right place? Pond Ocean
- 7. Believable Idea Confirm existence of market Development roadmap Budgeting Revenue plan Feedback loop Have a loaded gun before starting your adventure
- 8. Remember your silver bullet to kill or solve a market problem Lead bullets wont work
- 9. You have 3 types of fuel, which require a delicate mix to succeed
- 10. If you are a challenger with a clone me idea, be nimble, fast and strike at weak points If you are an incumbent, watch your competitors closely to avoid surprises Positioning with a sense of fear If you think you have a revolutionary idea, discount it 75%. Someone has likely tried it and failed PARANOIA
- 11. MARKET with PAYING USERS Going against and going with market are different startup games
- 12. Its not indifferent from trading the financial markets- a balancing act Bet Size Timing Volatility Direction Can I beat the market?
- 13. You are the motivator Lead a complementary team with you being the beating heart
- 14. If you have a hole in team, learn 15% of requirements and try outsourcing You can pick up 15% within 1 week Coding Design Business Marketing
- 15. Sort out founder problems as early as possible. Fire or walk away if you have to.
- 16. Learn to tell 4 different types of stories so that you can do content marketing
- 17. Dont drink your own Kool-Aid You did not just invent sliced bread
- 18. But you have to know the lingo to preach the religion MobileLocal Social For Illustrative purposes only
- 19. Sort out MONETISATION ASAP GRANTS, FAVOURS, SUBSIDIES
- 20. Know your LTV to gauge how much you can invest in marketing LTV
- 21. Stick together with fellow underdogs to take on incumbent FIGHT!
- 22. A mosquito with competitors; A bee when dealing with customers Asymmetric warfare Work hard & cross-polinate
- 23. You can fake it till you make it; I prefer being 100% truthful, especially in sales
- 24. Partner with the right framework Personality Product Humility Reputation Visibility Shared aspirations
- 25. Be generous with acquaintances and friends Make time to share advice Help out with publicity Provide introductions
- 26. Stay away from these people Those who cant keep simple promises Those who think they are too important Those who have no constructive input to add Avoid wannabes
- 27. Dont just take from the cookie jar- Give back, even if you dont have much Give back
- 28. Poor forward visibility is NORMAL
- 29. A corrective loop is critical Throw everything including the kitchen sink at it Know when to FAIL Focus on negative feedback
- 30. Screw the motivational marketing shit; Work smart and have grit
- 31. STARTUPS will teach you to see things differently Technical skills Sales and marketing Product development Getting shit done Recruitment Try it once at least
- 32. Behold the burning entrepreneur. Everything youve heard about leaders of successful startups is true. They are a different kind of people. They arent born to greatness. Their qualities are learned and practiced. That means you can be a burning entrepreneur too.- Brad Feld- Lets inspire ourselves to greater heights TOGETHER