How to think like a startup

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How to think like a startup

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  • I’m always paranoid (only the paranoid survives) and I’m always scared. Raise of meditation and mindfulness among the startups https://en.wikipedia.org/wiki/Shoshin
    Your mission is to always be learning - James Currier NFX
  • I’m always paranoid (only the paranoid survives) and I’m always scared. Raise of meditation and mindfulness among the startups https://en.wikipedia.org/wiki/Shoshin
    Your mission is to always be learning - James Currier NFX
  • The faster you launch the faster you know if customers will like the product
    The lean startup model: no waste

  • Uber was focusing on high-end limousine rides while Lyft was mainstream

  • Startup entrepreneurs work with Outside business angels and investors Which provide much more than $
    Ideas Connections Force accountabilty
    I raised from 50+ business angels for my own startup Leade.rs
  • The faster you launch the faster you know if customers will like the product
    The lean startup model: no waste

  • iterate sometimes on a daily basis based on feedback and data
  • the service rating your company by your employees https://www.glassdoor.com/facebook

  • CEO sharing directly
    CEO interacting directly


  • Ev Williams and Jack Dorsey were doing a podcasting service
    They did not believe in Twitter for months
    Stewart Butterfield designed a game before slack
    Travis Kalanick and Garrett Camp decided to make Uber as they could not find a cab in Paris






  • How to think like a startup

    1. How to think like a startup Loic Le Meur
    2. How do startup entrepreneurs find ideas?
    3. “In the beginner’s mind there are many possibilities, but in the expert’s mind there are few” - Shunryu Suzuki
    4. Meditation and mindfulness is popular in Silicon Valley and now in Davos
    5. Provide benefit to the customer - anything else is a waste Learning to see waste and then systematically eliminate it
    6. “I am still learning.” - Michelangelo, at age 87
    7. Airbnb started because of a shortage of hotel rooms in San Francisco
    8. Uber started because of a shortage of cabs in Paris
    9. Ryan Hoover, Product Hunt Started just from an email list Gathered a small community of people addicted to new products
    10. Naval Ravikant, Angel List Weekly email of curated angel investors
    11. Craig Newmark, Craigslist Request and Gives from Craig’s friends
    12. Jamie Siminoff, Ring Tried 3 different ideas in his garage Struggled to find initial funding Now approaching 1,000 employees
    13. The Ring founding story
    14. Create an environment for creativity - Further future
    15. Create an environment for creativity
    16. Create an environment for creativity
    17. Create an environment for creativity
    18. Create an environment for creativity
    19. Millennials don’t want to own anything and care about improving the world
    20. Improve the world “I just wanted more electric cars on the road” - Elon Musk
    21. “Make the world better” “All business should make the world better” - Leila Janah LXMI
    22. They don’t care about copying ...and making it better
    23. Instagram stories and Snapchat stories
    24. Snap's Spectacles are the beginning of camera-first future
    25. SV entrepreneurs surround themselves with investors who provide more than $
    26. Teams are remote, own the business and don’t feel like employees Mix of highly experimented professionals and very creative millennials Matthew Mansfield Dami Dina Kevin Wolf Jean-Jacques Borie “We’re too slow and too old in this company”
    27. SV entrepreneurs launch their product really fast
    28. "If you're not embarrassed by the first version of your product, you’ve launched too late" - Reid Hoffman
    29. Entrepreneurs iterate quickly
    30. Entrepreneurs break the rules Travis Kalanick and Uber got sued non stop but kept going Uber and Airbnb were illegal from day one in many places but kept operating
    31. Entrepreneurs make everything transparent
    32. Even your own company is rated
    33. Entrepreneurs acknowledge issues and respond quickly
    34. Elon Musk turns a tweet into a company wide change in 6 days
    35. Elon Musk turns a tweet into a company wide change in 6 days
    36. #1 Advantage of a start up... Speed
    37. “We’re going in full throttle. That ought to keep those fighters off our back.” - Luke Skywalker
    38. Speed is the #1 competitive weapon Rapid product beats competition Rapid results builds team morale which leads to more success Rapid results generate more interest Rapid results increases valuation (NFX Guild)
    39. Always keep momentum.
    40. - Henry Ford The competitor to be feared is one who never bothers about you at all, but goes on making his own business better all the time.
    41. Set the time, not the output What product can I build in: 3 months? (Directhit, Xfire) 8 days? (Hot or Not) 30 days? (Jiff) 1 month? (Meerkat) (NFX Guild)
    42. Twitter’s MVP
    43. Linkedin’s MVP
    44. Facebook’s MVP
    45. Google’s MVP
    46. How startups win No QA No Usability Studies No Focus Groups No Politics No Endless Debates No Board of Directors No Bus Dev Deals No PR No Marketing Spend No Budgeting Process (NFX Guild)
    47. “At Google X, we embrace failure.” - Astro Teller
    48. Most Startups Fail
    49. Entrepreneurs fail fast
    50. And pivot
    51. Startups ranked by number of years from founding to $1 billion valuation
    52. Flickr should have built Instagram but they did not move fast enough
    53. Entrepreneurs work with an ecosystem of developers
    54. Twitter decided developers weren’t so important anymore
    55. Entrepreneurs Embrace wikipedia style volunteer collaboration Slush and their 2,200 volunteers
    56. Entrepreneurs challenge the current players by re-inventing the model Metromile charges insurance protection per mile
    57. Entrepreneurs constantly reinvent their business Uber selling data Tesla next?
    58. Thanks! Loic Le Meur More on my newsletter at leade.rs/loicnewsletter facebook.com/loic twitter.com/loic loic@leade.rs

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