9. • Startup is a temporary organisation focused on
finding a repeatable and scalable business model.
!
• To achieve success, founders and investors have
to take risk in order to capitalize on a market
opportunity they have identified.
!
• Turning a Startup into a sustainable and
monumental company is a long term process. In
this process there are several steps (areas of risk)
a startup has to take.
!
• There is no formula for achieving success, but
there is a model for identifying and addressing
areas of risk.
Startup
Risk
Model
10. Disclaime
r• Luck, defined as a set of favourable circumstances might be the sole
reason we have monumental companies in the social and gaming space.
• Counting only on luck, might significantly limit the chances of our startup
achieving success. There are only that many Facebooks, Whatsups,
Instagrams and Rovios of this world.
• The probability of building a $100M company are much greater than
chasing a $1B unicorn.
• Business models focused on software are constantly producing
sustainable companies which are growing as information technology
expands to new industries and market segments.
11. Dlaczego SaaS?
• 220M businesses worldwide
• $17B in current revenues
• 20% annual growth
• 6% of the software market ($326B)
• USA makes $10B of the total SaaS revenue
• EU makes $3,5B of the total SaaS revenue
12. • The decision
• The idea
• Founding team
• Market hypothesis
• First sale funding
• MVP
• First paying
customers
• Customer
acquisition
• Seed funding
• Team building
• Growth model
• Round A
• Scaling
• Profit
14. 1. You should have some level of experience
2. You should have an extensive network of contacts
3. You should have some money You can invest
4. You should have the full support of your family
5. You should feel comfortable leading
16. 1. You have identified a market opportunity
2. You know enough about the market You are about to enter
3. Your experience and skillset is desired in this market
4. You know how You will make money in the short term
5. You will be happy working on this idea
6. You have prepared a compelling vision backed by solid
milestones
18. 1. You were able to convince others of my vision and milestones
2. Your cofounders bring complementary skillsets to the table
3. Your cofounders are A players
4. You like spending time with your cofounders
5. Your cofounders have also made the decision they want to
start a startup
6. Your cofounders are equally motivated as You
20. 1. The Minimal Viable Segment is big enough to get your company
to ramen profitability
2. The market is big enough, there is room for the company to grow
3. You have a strong hypothesis of a repeatable and sustainable
business model which is plausible
4. You have researched the market in terms of competition, market
trends, customer acquisition, customer budgets and the data you
gathered supports your business model hypothesis
22. 1. You have created a budget which will bring you to
your first sale
2. Your budget will give you enough time to get to
ramen profitability
3. You were able to convince outside investors (4F)
4. You managed to bring on board mentors or advisors
24. 1. You have clearly identified the minimum viable feature set which
delivers value to your customers
2. If you are entering a market with competitors - the differentiators of
your product are distinct
3. The time needed to build your MVP is well within your budget
4. Your team has the necessary skills to build what you have planned
5. The quality of your product is very high
6. You will be able to charge your customers for the value delivered by
your MVP
26. 1. You know where your first sale will come from
2. Your customers will be happy after buying your product
3. You will get repeated business from your first customers
4. You have a process in place to close the feedback loop
5. You know why your first customers are buying your
product
28. 1. You have various customer acquisition hypotheses you are able to test
2. Revenue - $10 000 per month
3. You are able to build initial traction with early adopters of your product
4. You don’t have a churn problem
5. LTV>CAC
6. Scalability of your customer acquisition model is plausible
7. You have reached ramen profitability
30. 1. You are able to pitch
2. You have identified investors aligned with the vision and
business model of your startup
3. You are not at a point where your are under financing pressure
4. You are able to show how this financing will help validate the
growth model
5. You are somehow different or better than everyone else
32. 1. You have secured enough funding
2. You have an appealing story and vision
3. There is enough local talent
4. Great people are expensive
5. Hire only people better than you
34. 1. You have found a way to grow in a consistent way
2. Your growth model has a significant organic
component
3. Your are growing at 20% M/M
4. You are growing your revenue, without increasing
churn