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edith@biztechday.com

                                            Twitter:
                                            edithyeung




Copyright © 2012 iConnect Lab Inc. All rights reserved.
What is your
dream venture?
Twenty years from now you will be more
disappointed by the things that you didn't
do than by the ones you did do.

So throw off the bowlines. Sail away from
the safe harbor. Catch the trade winds in
your sails.

Explore. Dream. Discover.
Mark Twain
I have not failed. I've just found 10,000
ways that won't work.
Thomas Edison
What Made
Silicon Valley?
Rich People
Geeks
Innovation
Location,
location, location
4 Myths of
Entrepreneurship
Unemployable
Must Be
World Changing
Copyright © 2010 iConnect Lab Inc. All rights reserved.
Must raise $$$
Venture Capitalist
   (VC) Rules
Do you want to an
entrepreneur?
Motivation
Entrepreneurship is living a few years
of your life like most people won't, so
that you can spend the rest of your life
like most people can't.
Steve Job
You are determined.
You are going to do
        it!
How many of you
already have a idea?
Where are all the
business ideas &
opportunities come
from?
Watching TV
Culture
Class / Lecture
Reading a book or
blog or magazine
Bad ideas
Fear
Fear / Trouble
Friends, Family,
People, Potential
Customers
Existing Products,
Services, Websites
Distribution Channel
Government
Research &
Development
Game Time
Step 1:
Yell out ~50 random words.
Step 2:
Split into 2 teams, each chooses 2 words
+ ".com” and explain what your website
does.
Homework
Copyright © 2010 iConnect Lab Inc. All rights reserved.
Copyright © 2010 iConnect Lab Inc. All rights reserved.
edith@biztechday.com

                                            Twitter:
                                            edithyeung




Copyright © 2012 iConnect Lab Inc. All rights reserved.
Get Ready for Your
      Pitch
So you have a brilliant
        idea!
What’s next?
Perhaps…
Develop a product!
Features
Quality
Choices
Warranty &
Guarantee
Customer Services
Packaging
Describe the
 products.
Copyright © 2010 iConnect Lab Inc. All rights reserved.
If you only have
   $100 bucks
If you only have
  $1000 bucks
If you only have
 $10,000 bucks
If you only have
$100,000 bucks
The Final
Copyright © 2010 iConnect Lab Inc. All rights reserved.
How are you going to
  make money?
How big is your
  market?
Monopoly
Monopoly
Cost
Cost
By Usage
By Subscription
By Usage
One Time Fee
Bundled Fee
More Money Stuff
•  Cash Flow- Budget vs. Actual

•  Inventory & Fixed Assets

•  Costs/Profits

•  Taxes

•  Shipping & Handling
Copyright © 2010 iConnect Lab Inc. All rights reserved.
edith@biztechday.com

                                            Twitter:
                                            edithyeung




Copyright © 2012 iConnect Lab Inc. All rights reserved.
Customer
Development
The Business Pitch
1.   Title            6.   Marketing and
                           Sales
2.   Problem
                      7.   Competition
3.   Solution
                      8.   Team
4.   Business Model
                      9.   Financial
                           Projections
5.   Magic Sauce

                      10. Current Status/
                          Timeline
1. Title
Organization name
Your name
Your title
Contact info (email/phone)
2. Problem
Goal: Get buy in.
3. Solution
How are you solving the
problem?
What is your product?
What is your value proposition?
For Example:
We are a discount shoe website.
We have written software that
searches all other show sites and
collates their price quotes into
one view.
Copyright © 2010 iConnect Lab Inc. All rights reserved.
4. Business Model
How you make money?
Who pays you?
Your channels of distribution
Your gross margin
Who will pay you?
Channel:
How to deliver your
    product?
Web
Retailer/Distributor
Sales Rep
5. Magic Sauce
Magic sauce behind your product
or services.
6. Marketing and
     Sales
How you are going to reach the
customers?
What is your go to market
strategy?
What is your customer buying
cycle?
How much does it cost?
What is your market?
Existing Market
W
Re-segmented Market
Moo Card



Copyright © 2010 iConnect Lab Inc. All rights reserved.
New Market
iPad
Bring the love back
7. Competitions
Complete view of competitive
landscape.
8. The Team
Management Team
Board of Directors
Board of Advisors.
Major investors.
9. Financial Projection
5-year forecast including
revenue, cost, profit, number of
customers and conversion rate.
10. Current Status
  and Timeline
Where are you at?
What is the near future looks
like?
How you will use the seed
money?
How much money are you
raising?

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