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Startup Ideation: "Get Your Ass Moving Before Someone Else Kicks It!"
1. “Get Your Ass Moving
Before Someone Else Kicks
It!”
Startup Ideation Bootcamp:
8/23/2012
Chris J Snook; Managing Director at Incubate Holdings
MENTOR SESSION #1
Copyright 2012 Chris J Snook
2. Ideation Bootcamp
The Entrepreneurial Puzzle
Copyright 2012 Chris J Snook
3. 1st Law The Law of
Compensation
1) The Need
Will we
ever
2) Your Ability make
money?
3) Your Replace-ability
Copyright 2012 Chris J Snook
4. Product
Creation Building a
Are you a “me too” on Complete Solution
steroids?
Look what
Are you a disruptor? we
built...Will
Are you a “no duh?” they care?
Are you a “gap filler”
Are you a leader?
Are you an inventor?
Copyright 2012 Chris J Snook
5. Business Model
Creation Delivering and
How will we get them to Scaling Our Offer
Try us?
How will we deliver it? Someone
bought it
Will this
How will we service it? scale? What
do we
How will we charge for it? keep/chang
Source: www.biznicillin.com
e?
How will we scale it?
How much $ will all this take?
How long will it take to succeed
or fail?
Copyright 2012 Chris J Snook
6. Increasing
Reach Improve Customer
How do we improve UI?
Relationships-Deepen
Engagement
How do we better promote? I love
you…You
love me too
How do we integrate right???
Customer feedback?
How do we build a Brand?
How do we incentivize Social?
Is our Culture solid?
Are we going the extra mile daily?
Copyright 2012 Chris J Snook
7. Revenue
Strategy Optimizing the Market
Basket of Our User
How do we increase the
Market basket of our customer? Ring
dammit!!!!
“Ca-Ching”
How do we capture the cherry-
“Ca-Ching”
picker and convert them to a “Ca-Ching”
loyalist?
How do we reward the loyalists and
incent them to evangelize?
How do we attract the rest of the
market?
Copyright 2012 Chris J Snook
8. Keeping Cash is
“Track-tion” flowing…will
Who is our cash stick? These guys
piss me off,
AccountingTeam? but thank
GOD I have
them with
Who is our Legal Team? me
Who is our Board?
Who are we
missing/replacing?
Copyright 2012 Chris J Snook
9. Key
Activities What we do
EVERY-DAY! Thank God I
New User Acquisitions love
this…It’s a
lot of work
Turn Around Iterations and effort
Fund Raising &
Revenue Driving
Brand Engagement
Cultivate Our Culture
Copyright 2012 Chris J Snook
10. Key Assets What is our
Secret Sauce?
Visionary-Charismatic Do we have
Leadership that little
something
“extra”
Talented Teammates Yet?
Stubborn and Un-Relenting
A Novel Idea with a Real
Business model
COURAGE!
Copyright 2012 Chris J Snook
11. Types of
Deals to Flexible yet Focused
consider Exit Path
Outright Purchase?
Where is
this all
Strategic Big Brother going?
Alliance?
Lifestyle Biz with
Cash Flows?
I.P.O.
Copyright 2012 Chris J Snook
12. Q&A
Chris J Snook
Email: chris@incubate.com
Office: 760.501.0439
Copyright 2012 Chris J Snook