Delivered on 25 April for Rotary Club, Tanglin
Synopsis: The era of business plans and presentations to raise money for mobile-web tech start-up ideas is over. In Silicon Valley, the venture incubator, Y-Combinator led by Paul Graham together with the business angels there have crushed the old school way of building an internet start-up by three core concepts: agile, iterate & pivot. In this talk, we examine how these three core concepts are applied in practice by examining the case studies of the latest and hottest of start-ups in US: Facebook, Twitter, Groupon and FourSquare.
19. Chalkboard Viewership
10,000,000
Launch of Web
Ads 7,500,000
Opening up of
API to 3rd Party
Apps 5,000,000
2,500,000
Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov
Dec
0
Unique Views 2010
Over 11 Million Views!
19
20. 3 Key Issues before fundraising
Do you have a product to demo?
Can you demonstrate whether you have customers?
Can you validate if the customers are willing to pay
for the product/service?
20
21. What’s the end point for your business or idea?
Business
Idea Seed Stage Series A to D IPO or Acquisition?
Technology Development of standard Industry
Idea & Building Communities Standard
21
22. What’s your Plan B?
Where do you sit
in the ecosystem?
When do you quit?
22
23. Final Thoughts
Learn from Everyone,
Follow no one,
Observe the Patterns,
Work Like Hell.
http://www.bernardleong.com
Slideshare/Twitter/GMail: bleongcw
23