startup founder 101 - dave parker
DESCRIPTION
Startup Founder 101 Slides - Dave Parker for Founder Institute. #Startup, @founding, @DaveParkerSEA, Four stages of lean startup, Startup Ideation, Customer Development, MVP, Product market fit,TRANSCRIPT
Startup Founder 101 Dave Parker -‐ @DaveParkerSEA
#SEFI @Founding
Agenda
• Welcome & Introduc>ons
• Stages of Entrepreneurship • Where are you?
• About FI • Q&A
Thanks!
Introduc>ons
SeaIle FI Co-‐Directors
• Maria Dykstra -‐ @TreDigital
• Diane Najm -‐ @VirtualGestures
• Dave Parker -‐ @DaveParkerSEA
Stages of Entrepreneurship
1. Idea>on & Customer (Market)
2. Valida>on -‐ Customer Development
3. Minimum Viable Product
4. Product Market Fit
A Bad Team in a Great Market can s:ll win – A
great Team in a bad market won’t win.
Marc Andreesen http://www.stanford.edu/class/ee204/ProductMarketFit.html
Customer Development isn’t something you read about it. You have to do it by geFng
out of the building
Steve Blank
MVP = Excep:onal Viable Product
Rand Fishkin
http://www.stanford.edu/class/ee204/ProductMarketFit.html
Which Stage are you in? 1. Idea:on 2. Valida:on
3. MVP 4.Product Market Fit
About FI
Overview
Spring 2013 FI.co
Founded in 2009 by Adeo Ressi, the goal of the Founder Institute is to create a thousand companies a year in thirty-five cities worldwide. Our four month mentorship program is designed to help Founders validate their idea, and build their dream companies.
An idea-stage incubator that helps entrepreneurs create meaningful and enduring technology companies.
Great People
Expert Training
Aligned Incentives
As featured in
Spring 2013 FI.co
Phil Libin Evernote
Joe Bezdek DivX
Jason Calacanis LAUNCH
David Weekly PB Works
Naval Ravikant Angel List
Eric Ries The Lean Startup
Robin Chase Zipcar
Aaron Patzer Mint
Jeff Dachis Dachis Group
Phil Kaplan ADHA Labs, Inc.
Rebecca Lovell GeekWire
Peter Pham Color
Seth Sternberg Meebo
Rashmi Sinha SlideShare
Mentors
• Andy Liu • Bryan Mistele
• Dan Schapiro • Charles Mount
• Rebecca Lovell • Dave Bluhm
• MaI Shobe
• Brian Schultz • Todd Hooper • Charles Kwon • T.A. McCann
• Chris Devore • Joel Espelien • Keith Smith
Past & Current
The Curriculum
Spring 2013 FI.co
Four months of what Founders need to know
Once a week the Founders meet for company-building sessions lead by three world-class mentors. Each mentor makes a short, informative presentation on that week’s topic, and then all three work with the Founders on their respective ideas. They offer feedback and advice on every aspect of their business, from the core concept to the revenue model.
In addition to the mentor sessions, Founders meet with their assigned group twice a week to work together and foster the collaborative environment Silicon Valley is known for.
Everything the Founders are asked to do is directly related to launching their dream company.
Startup Basics and Orientation
Visions and Values
Startup Research
Naming and Branding
Startup Legal and IP
Cofounders, Hiring and Firing
Revenue, Costs and Profits
Product Development
Outsourcing, Partners and Suppliers
Marketing and Sales
Presentation and Publicity
Fundraising
Is the Founder qualified to research and select a viable business idea?
MENTOR IDEA REVIEW
Is the Founder ready to develop the product and launch the business?
MENTOR PROGRESS REVIEW
Is the business worthy of the Founder’s full-time commitment?
Graduation
Program Cost Breakdown
• Applica>on Fee -‐ $50 • Course Fee -‐ $995 – before start
– Weekly event meals (not aber hours drinks)
– Office hours and coaching – Mentor sessions
• 3.5% to Pool – 1% to your Grad Group – 1% to local mentors – weighted
– 1.5% to FI • Aber fundraising of $50k -‐ $4,500 Tui>on
Dave Parker @DaveParkerSEA dkparker.com
www.fi.co/apply/159
Early Deadline 10/13 Final Deadline 11/03 Session Starts 11/18
Q&A