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Startups Best Practices

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Startups
Best practices
Ido Green
@greenido
ido-green.appspot.com 2/2017

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What Do you need?
1. Idea → Product
2. Team → Execution
3. Money

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Build something
that users love

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Startups Best Practices

  1. 1. Startups Best practices Ido Green @greenido ido-green.appspot.com 2/2017
  2. 2. What Do you need? 1. Idea → Product 2. Team → Execution 3. Money
  3. 3. Build something that users love
  4. 4. Idea ● Ideas DO matter. ● Passion. ● Long term planning! ● The idea will expend. Start small/focus.
  5. 5. ● Should feel like a mission to the moon. ● It’s easier to start a hard startup than an easy one.
  6. 6. Looks like a good idea Looks like a bad idea Stratup
  7. 7. Idea ● You wish to gain a monopoly. ● Focus on a niche market. ● Analyze the market growth rate. ● Tell EVERYONE - Gain a lot of feedback.
  8. 8. What Do you need? 1. Idea → Product 2. Team → Execution 3. Money
  9. 9. Build a great product “Your time should be spent on building the product and talking to customers. 50/50 is a good start.”
  10. 10. Product Better to build something that a few users LOVE than something that a lot of users like.
  11. 11. Product - Signals word of mouth Needs to pay for growth
  12. 12. Great (Simple) Products WIN
  13. 13. Product ● Get users manually. ● Listen to outside users. ● Build an engine: users -> feedback -> product improvement
  14. 14. What Do you need? 1. Idea → Product 2. Team → Execution 3. Money
  15. 15. Team Find a co-founder you know really well
  16. 16. Team - How? ● Resourceful ● Determination ● Hire only when you desperate
  17. 17. Questions to ask yourself ● Are they Smart? ● Do they get things done? ● Do you wish to spend a lot of time around them?
  18. 18. Questions to ask yourself ● Communication skills ● Determined ● You would feel comfortable reporting to them
  19. 19. Hire Hire True experts (especially at the start) Hire due to urgent need
  20. 20. Team - How? Employees should feel valued
  21. 21. Team - How? ● 1:1 meetings ● Expectations / Goals ● Weekly company meeting ● Fire fast
  22. 22. A great team builds a great company
  23. 23. What Do you need? 1. Idea → Product 2. Team → Execution 3. Money
  24. 24. Execution Everything will follow the founder - Do it yourself!
  25. 25. Execution - How? Put an effort and be productive
  26. 26. CEO ● Vision -> Company executing ● Raise -> Keep the money ● Hire -> Sell + Manage ● Sale -> Evangelize
  27. 27. Execution ● What to do? ● Get it done! ● Focus - Focus - Focus ● What are the 2-3 things you should do each day/week/month?
  28. 28. Get Things Done Say No (often) Set big goals Talk & Listen
  29. 29. Execution You need growth and momentum ● Get new things. Fast. ● “Move fast and break things” ● Be obsessed with quality ● Measure what moves the needle
  30. 30. Execution Do everything you can (and more) Don’t give up
  31. 31. Keep momentum ● Shipping new version every day/week ● New features ● Listen to your users ○ Actions ○ Metrics
  32. 32. Growth & Momentum
  33. 33. Thank you! Ido Green @greenido ido-green.appspot.com
  34. 34. Resource ● Booting ○ How to start? ○ How to build an amazing product? ● Money ○ how to raise money? ○ Valuation vs terms ● Monetization ○ App monetization course ○ Monetization questions

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