From Invention to Start-Up

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Presentation transcript:

From Invention to Start-Up Personal Risks and Rewards Jeff Hussey Fluid Capital, LLC

What comes first? Invention? Start-Up? Innovation? The invention may be the innovation It might not be A key component of the invention is understanding its application

Are you right or just “sure”? How do you know? What do your customers say? Will they put their money where their mouth is? How many? Keep asking the question…

What are you working for? It isn’t just about money It’s about creating sustainable value What’s your Vision Mission Culture

What are the risks? Professional Personal It requires a massive amount of time Involves a lot of stress Takes a toll on your family Takes a toll on your finances

What is your role? CEO CTO Product Manager Cheerleader

Every problem is a personnel problem Don’t be a problem Ego is dilutive to net worth

What are the rewards? Intrinsic Extrinsic Assemble and grow an effective team Create and retain satisfied customers Change the world, or at least a part of it Extrinsic

Good toys…

My $.02 Know yourself Be honest with yourself and significant others Try to keep a balance Have fun!

Good Luck! Thanks