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How not to Fuck Up the First Time Like I Did Mark Suster NextGen Conference, January Lessons from Both Sides of the Table.

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Presentation on theme: "How not to Fuck Up the First Time Like I Did Mark Suster NextGen Conference, January Lessons from Both Sides of the Table."— Presentation transcript:

1 How not to Fuck Up the First Time Like I Did Mark Suster NextGen Conference, January 2011 @msuster Lessons from Both Sides of the Table

2 Me  Software development at Andersen Consulting  BuildOnline, CEO in London at 31 (sold to public company)  Koral, CEO in Palo Alto (sold to Salesforce.com)  VC in Los Angeles

3 The Stupid Mistakes I Made the First Time (but not the second time!) ** there were no blogs, no instruction manuals ;-)

4 I Didn’t Start Young Enough

5 JFDI

6 I Wasn’t Passionate About My Idea

7 I Raised Too Much Money

8 I Had Too Many Cofounders

9 I Pushed PR Before Our Product Was Ready

10 I Launched Too Many Products & Overspec’d

11 I Internationalized Too Early

12 My Team Was Too Much Like Me

13 I Hired Too Senior of a Team

14 I Attended Too Many Conferences

15 I Didn’t Flip Burgers

16 I Charged Too Much

17 I Became a Prostitute for Revenue

18 I Never Thought About Selling the Company

19 I Stayed Too Long

20 Take Aways 1. Don’t be afraid to try when you’re young & unencumbered 2. Find a topic you’re passionate about 3.Start lean

21 Take Aways (cont.) 1. Flip burgers 2. Don’t be a ho 3.Focus on your customers – nothing else matters

22 Mark Suster NextGen Conference, January 2011 @msuster ; BothSidesoftheTable.com


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