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2017 Welcome to the Mixer!.

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Presentation on theme: "2017 Welcome to the Mixer!."— Presentation transcript:

1 2017 Welcome to the Mixer!

2 Thank You to our Sponsors

3

4 Island Essentials – Pick 6
Seeds Shovel Water Bottle Water Purifier Matches Fishing Net Umbrella Kindling Compass First Aid Kit Pocket Knife Bucket Mirror Spear Cell Phone Bug Spray Combat Knife Sleeping Bag Sunscreen iPod Lighter Sunglasses Fishing Hook Tarp Flashlight Two-way Radio

5 2017 Introduction Many different attributes to creating a successful company Good idea Large addressable market Funding/Capital/Assets Strong Team

6 Startup Failures 9 out of 10 startups fail
Dysfunctional team one of top 3 reasons

7 Common (Frequently Misguided) Practices
Hiring People You Know Hiring People Like You

8 Building an A-Team – It’s as easy as ABC
Adaptability/Versatility Team of one Basic Skillset Diversification Opportunity cost Experts

9 Island Essentials – Pick 6
Food: Seeds Spear Fishing Net Fishing Hook Combat Knife Water: Water Bottle Water Purifier Tarp Bucket Umbrella Communications: Cell Phone iPad Flashlight Two-Way Radio Mirror Protection: Spear Combat Knife Sunscreen Umbrella Sunglasses First Aid Kit Bug Spray Shelter: Tarp Shovel Umbrella Sleeping Bag Fire: Matches Lighter Kindling Pocket Knife

10

11 Building an A-Team – It’s as easy as ABC
Adaptability/Versatility Team of one Basic Skillset Diversification Opportunity cost Experts Compatibility Decision making Who wins?

12 Sprint Exercise

13 Sprint Exercise Individually, identify a basic skillset you are lacking on your team. Mobile app coder Direct marketing guru Accounting wizard Tell the other people in your small group what that need is. The other group members have 90 seconds to search their social media, contacts, etc. to find 1-3 connections for you (it may be the person themselves)! Rinse and repeat for each member of the group.

14 An idea is only as good as a team who can execute it well.
Recap A B C Adaptability/Versatility Basic Skillset Diversification Compatibility An idea is only as good as a team who can execute it well.


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