STARTUP S & A LOOK BEHIND THE CURTAIN AT THE MAGIC OF SILICON VALLEY Active Angel Investor & Serial Entrepreneur, Former CEO of Wikia Inc., and Former VP & General Manager, International eBay angels
OPPORTUNIT Y EGO ACCESS
OPPORTUNIT Y EGO ACCESS
THE CLOUD
ORACLE VS. MYSQL
148mm 1,018mm 2,000mm THE INTERNET POPULATION Source:
NEW PLATFORMS
CREATING REMARKABLE CAPITAL EFFICIENCY
ACCESS OPPORTUNIT Y EGO
NEW CROP OF ANGELS AND SUPER ANGELS ANGEL TYPES
FUN FOR YOUNG FOUNDERS
EGO ACCESS OPPORTUNITY
ANGELIST
WHERE FUNDING COMES FROM
There has never been a better time to do a start-up Startups are not a company. They’re hypothesis tests funded by adrenaline junkies Keep costs low and you can run a series of hypotheses TAKE-AWAYS
STARTUP 2012 MANTRA S
THE LEAN STARTUP is a resource to assist entrepreneurs, startup and established businesses make better, faster business decisions. THE LEAN STARTUP
DESIGN MATTERS
FASTLY
WHAT IT TAKES TO START A COMPANY
STORYTELLING
CUSTOMERS AND PRESS INVESTORS EMPLOYEES
In the early days, everyone was a critic Even my mom was embarrassed the first two years 5 years later, I’m an over-night success FOUNDER QUOTES
Start 8 new companies – 2 per quarter Recruit a CEO for each Learn what goes wrong SO LAST YEAR I SET A GOAL
Missed my goal - only started 5 Storytelling was the key to both recruiting and raising $. I kept telling the story to everyone I knew and hearing why it was stupid Results to date –2 already dead –2 lightly funded with one founder –1 venture funded with 10 people now SO LAST YEAR I SET A GOAL
Part-time founders are highly unstable source of labor. 2-3 people really make it more fun and more sustainable Underfunding causes real stress and few business can achieve anything in 1 year. So either plan for no money, or raise as much as you can Launch early. The enemy of startups isn’t ugly products, bad press, or customer anger…it’s apathy WHAT WENT WRONG?
Few ideas are great The Darwinian process works NOTHING WENT WRONG
START SOMETHING
A STORY facebook.com/penchina OR TELL ME
STARTUP S & A LOOK BEHIND THE CURTAIN AT THE MAGIC OF SILICON VALLEY Active Angel Investor & Serial Entrepreneur, Former CEO of Wikia Inc., and Former VP & General Manager, International eBay angels