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What I Learned During the Next36

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Henry S

This document summarizes the key phases and lessons from Next36's incubator program. It describes the pre-incubator phase focusing on team formation, ideation, and market research from December to April. The incubator phase from May to August focuses on prototyping, validation, customer acquisition and pitching. Key lessons discussed include the importance of solving problems people care about, building something 10x better, getting to product-market fit fast through hypothesis testing and analytics, and trusting your team.

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A reflection from a 2nd Cohort Alumnus
Next36 Overview Pre-Incubator Phase Incubator Phase
What I Learned During the Next36
Why Technology? What is a startup (vs a business)? Lean Methodology Why do startups fail?
Entrepreneurship is the relentless pursuit of opportunity without regard to resources currently controlled Main Themes: Always imperfect information Always incumbents (sleeping giants) Opportunities are everywhere
December April Team formation Ideation Market Research
Prototyping Validation Iterating Restarting
May - August Recruiting Building MVP Shipping Customer Acquisition Networking Pitching
Are we really solving a problem that people care about? Is my solution really 10x better than the alternative? Is it polarizing?
What role does technology play? Coding is easy, making money is hard How can we get to product-market fit the fastest? Build, Measure, Learn -> Build, Measure, Learn Hypothesis testing! Analytics! Disciplined
Networking what can I offer you? Importance of Inspiring trust and confidence Relationship building Put yourself in uncomfortable positions Success how badly do you want it?
Case Studies (Harvard Business Review) How to identify market opportunities How to execute idea Learn from past entrepreneur and their decisions Entrepreneurship is a way of thinking Market Strategies Market dynamics and how to win in different markets Economics of entrepreneurship Legal and Finance Strategies Term sheets, stock options pools, valuations Legal, tax advice, grants, funding
Team is the foundation 100% trust Validate before writing a single line of code Get presales if possible Lean Methodology! Build, measure, learn via disciplined scientific approach
What I Learned During the Next36
Henry Shi henrythe9th@gmail.com henry@betteru.org

More Related Content

What I Learned During the Next36

  • 1. A reflection from a 2nd Cohort Alumnus
  • 4. Why Technology? What is a startup (vs a business)? Lean Methodology Why do startups fail?
  • 5. Entrepreneurship is the relentless pursuit of opportunity without regard to resources currently controlled Main Themes: Always imperfect information Always incumbents (sleeping giants) Opportunities are everywhere
  • 6. December April Team formation Ideation Market Research
  • 9. Are we really solving a problem that people care about? Is my solution really 10x better than the alternative? Is it polarizing?
  • 10. What role does technology play? Coding is easy, making money is hard How can we get to product-market fit the fastest? Build, Measure, Learn -> Build, Measure, Learn Hypothesis testing! Analytics! Disciplined
  • 11. Networking what can I offer you? Importance of Inspiring trust and confidence Relationship building Put yourself in uncomfortable positions Success how badly do you want it?
  • 12. Case Studies (Harvard Business Review) How to identify market opportunities How to execute idea Learn from past entrepreneur and their decisions Entrepreneurship is a way of thinking Market Strategies Market dynamics and how to win in different markets Economics of entrepreneurship Legal and Finance Strategies Term sheets, stock options pools, valuations Legal, tax advice, grants, funding
  • 13. Team is the foundation 100% trust Validate before writing a single line of code Get presales if possible Lean Methodology! Build, measure, learn via disciplined scientific approach