Headstart Workshop on Startup Ecosystem - How you can leverage it. Delivered at IIM Bangalore during Eximius 2016 by Ujjwal Trivedi. Guest Entrepreneurs Subrat Kar (CEO - Vidooly), Bhupinder Khanal (CEO - Dogsee Chew), Navaneet Sharma (CEO - Artifacia) shared their startup journeys and interacted with the audience to answer their questions during the session.
3. Bite your nails, shake your legs - Think!
Rules of the game!
- Don’t hold back
- Don’t judge, focus on learning
- Stay hungry, stay foolish
4. Why Startup?
What is a Startup?
Why should you Startup?
- Create value
- Explore yourself
- Better control on life (= less risk)
5. Why Startups Fail?
21% fail due to Team, Personal withdrawals
18% fail due to Funds/Money
61% due to lack of leverage
- Created something no one wants
- Out competed/Poor strategy/marketing
- Did not Pivot
- Constraints: Location/Legal
6. How to avoid failure?
Right approach - answer your WHYs
Leverage the Startup Ecosystem
11. Culture & You
Being Fearless - share your ideas
Being Shameless - sell
Being Action Oriented - Do versus wish
Being Symbiotic
Don’t set out to change the world or boil the ocean or make a dent in the universe - make the first sale, create the basic version of the
product. The most important rule of thriving ecosystem is - If you can give, you can take. Think from that perspective, whenever you
need something. First think what can I offer. Maximise that, and you’d see that people in the ecosystem will go out of their way to help
you achieve your goals.
More - http://uvtimes.blogspot.in/2016/08/how-to-leverage-startup-ecosystem.html