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Top 10 Startup Delusions

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These were my slides for my talk "Top 10 Startup Delusions" at the Maastricht Week of Entrepreneurship (MEWEEK), May 18th 2017. Bookings: booking@vidarandersen.com

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Top 10 Startup Delusions

  1. 1. TOP STARTUP
 DELUSIONS MAY 18. 2017
 MEWEEK, MAASTRICHT
  2. 2. MORE VIDARANDERSEN.COM VIDAR ANDERSEN • STARTUP FOUNDER • EDUCATOR • INNOVATION ADVISOR FOUNDING PRINCIPAL +ANDERSEN & ASSOCIATES
  3. 3. 10
  4. 4. I MUST BUILD THIS COMPLEX THING WITH ALL THESE FEATURES 10
  5. 5. NO, NOT THIS
  6. 6. THIS
  7. 7. 9
  8. 8. I CAN SOLO-FOUND OR OUTSOURCE
 EVERYTHING 9
  9. 9. I AM AN EXPERT IN EVERYTHING
 & I HAVE UNLIMITED FUNDS
  10. 10. 8
  11. 11. I DON’T 
 HAVE ANY COMPETITION 8
  12. 12. DELUSION
  13. 13. REALITY
  14. 14. 7
  15. 15. TECHNOLOGY IS MY BIGGEST RISK 7
  16. 16. CUSTOMERS ARE YOUR BIGGEST 
 RISK
  17. 17. JUST BECAUSE 
 YOU CAN 
 DOESN’T MEAN 
 YOU SHOULD
  18. 18. 6
  19. 19. WE’VE “LAUNCHED” 6
  20. 20. FIRE & 
 FORGET VS
 CONTINUOUS
 DEPLOYMENT
  21. 21. SORRY, IT NEVER STOPS
  22. 22. 5
  23. 23. WE WILL GET TO BREAK EVEN IN YEAR THREE 5
  24. 24. NO BUSINESS PLAN
 EVER SURVIVES FIRST CONTACT WITH CUSTOMERS
  25. 25. 4
  26. 26. B2B NO SALES YET BUT“PIPELINE FILLED” 4.1
  27. 27. B2B
 PROVE YOU CAN SELL IT
  28. 28. B2C USERS? YEAH 500 RANDOMS IN 6 MONTHS! 4.2
  29. 29. B2C
 PROVE YOU CAN GROW IT
  30. 30. 3
  31. 31. WE DON’T
 NEED TO TALK TO CUSTOMERS 3
  32. 32. MY 
 PRECIOUS IDEA
  33. 33. NO SURVEYS ALLOWED EVER
 TALK TO CUSTOMERS PAINS GAINS JOBS TO 
 BE DONE
  34. 34. 2
  35. 35. ALL I NEED IS AN INVESTOR 2
  36. 36. REALITY CHECK
  37. 37. INVESTORS DO NOT EXIST TO GIVE YOU PERMISSION TO START ANYTHING NOR TO MAKE GOLD OUT OF YOUR CRAP IDEAS OR YOUR SHITTY TEAM
  38. 38. 1
  39. 39. WINNING IS
 RAISING MONEY & RECEIVING AWARDS 1
  40. 40. STARTUP 
 VANITY THEATRE
  41. 41. REVENUE
 GROWTH EXIT
  42. 42. +ANDERSEN 
 & ASSOCIATES INNOVATION & GROWTH THROUGH SCIENCE + ENTREPRENEURSHIP LEARN MORE
 PLUSANDERSEN.COM
  43. 43. WE HELP 
 YOUR COMPANY 
 GET READY 
 FOR TOMORROW TODAY PLUSANDERSEN.COM
  44. 44. PRE-ACCELERATION ACCELERATIONGENERATION EDUCATION SELECTION FINAL DECISION SCALING UP DEALFLOW LEARNING JOURNEY LEARNING KEYNOTE KILL YOUR COMPANY INNOVATOR MASTERCLASS INNOVATOR BOOTCAMP LEAN LAUNCHPAD MVP AS 
 A SERVICE INNOVATION OUTPOSTS DEMO DAY PITCHING MASTERCLASS EXPERTS AS A SERVICE MENTORS AS A SERVICE TRAIN THE TRAINER SPINNING OUT +ANDERSEN PROGRAMS AT ALL STAGES
  45. 45. MORE PLUSANDERSEN.COM • Education & Training • Programs & Processes • Innovation Metrics • Management Tools • Innovation Outposts • Human Assets

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