20. Don’t @&%#* with turkeys steve lightstone corner office leads april 29 2010 Soar with eagles
Hinweis der Redaktion
This presentation is designed to make you think about business models and looking at startups from a business, (how do I make money) perspective. - I collect entrepreneurial stories and business models. I am going to share them with you.
Engaged the audience by asking them their observations on the differences.
This is an amazing place, but what I find really amazing is how motivated the staff are to keep control of a complex error prone process. Compare this to the MacDonalds story “is this for here, or to go?”
I will talk about all of these companies. Almost all were started in the past 2 or 3 years. Almost all by young people in Canada. I will discuss technologies like wireless, twitter, and SEO.
45M Google searches a month for “Dating”. 4.5M Google searches a month for “online dating”. ½ of 1% of 1M searches results in $25K per month. Three steps: SEO long tail Content capture and lead info capture Bidding
1M visits a day, 1,000 new members a day. ½ of 1% of 1M searches results in $25K A DAY! This is run by 2 people using Ruby on Rails.
Who is the guy in the bottom? How does he make money with Twitter? I saw him talk at PMA in LA in Feb
Ali’s dad ran a drug store
All are great businesses, but all are built servicing a market they know – schools.
Questions: Which impress you? Why? which don’t impress? How do you start when you know the model up front? Identify good qualities How do you find a model? What are the funding implications? How do you assess risk? What role does risk play? What role does business skills have in a startup? What other models do you want to share? How does this affect building a business plan? How does this affect priorities?