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The Entrepreneurial Cycle of Life
Stage-by-stage advice you don’t often hear
@chrisyeh
PBworks
AskTheHarvardMBA.com
Lessons from 19 years of startups
• How do I market my startup before I have a product?
• How do I market to investors *after* our meeting?
• How do I avoid getting fired by my board?
• How can I be an entrepreneur and live a happy life?
Marketing before you build product
Develop key relationships
Slowly build overnight success
“Timing, perseverance, a
nd ten years of trying will
eventually make you look
like an overnight
success.”
--Biz Stone
(Twitter founded in 2006)
7 Steps of Prelaunch Marketing
1. Identify the key issues your startup touches
2. Become part of the conversation
3. Cultivate the influencers (follows & replies)
4. Produce (or borrow) compelling content
5. Build a need in the marketplace
6. Launch a product that fills that need
7. Print out TechCrunch headline for your mom
Market to investors *after* you meet
4 Ways To Get Investors To Bite
• Remove uncertainty
• Drip marketing
• Follow up immediately when they show
interest
• Ask for money, then be ready to take it
How to avoid getting fired
8 Principles For Staying CEO
• Don’t get caught by surprise.
• Start planning your defenses early
• Get everything in writing
• Constantly work the key players
• Realize that you are dispensable
• The best defense is a good offense
• Don’t sign anything during the coup attempt
• Counterattack
How Can Entrepreneurs Live a Happy Life?
Entrepreneurship = Uncertainty
• “Entrepreneurship
is the pursuit of
opportunity
beyond resources
controlled.”
–Howard Stevenson
(@HowardSHBS)
Accepting Startup Uncertainty
• Chances are, you’re going to fail
• You always have too little time, money, and/or
information
• At any moment, the landscape can change
• Being smart and hard-working isn’t enough
• Sometimes, the lazy, dumb, and crooked will
succeed
Uncertainty = Endless Possibility
Manage Life Uncertainty
• Eat, sleep, and exercise
• Spend time with friends & loved ones
• Take breaks and naps
• Minimize your spending
• Have interests outside the startup world
• Remember: Your startup is part of your life. It
isn’t your entire life.
Stage-by-stage advice for entrepreneurs on marketing, fundraising, leadership, and maintaining a happy life

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Stage-by-stage advice for entrepreneurs on marketing, fundraising, leadership, and maintaining a happy life

  • 1. The Entrepreneurial Cycle of Life Stage-by-stage advice you don’t often hear @chrisyeh PBworks AskTheHarvardMBA.com
  • 2. Lessons from 19 years of startups • How do I market my startup before I have a product? • How do I market to investors *after* our meeting? • How do I avoid getting fired by my board? • How can I be an entrepreneur and live a happy life?
  • 3. Marketing before you build product
  • 5. Slowly build overnight success “Timing, perseverance, a nd ten years of trying will eventually make you look like an overnight success.” --Biz Stone (Twitter founded in 2006)
  • 6. 7 Steps of Prelaunch Marketing 1. Identify the key issues your startup touches 2. Become part of the conversation 3. Cultivate the influencers (follows & replies) 4. Produce (or borrow) compelling content 5. Build a need in the marketplace 6. Launch a product that fills that need 7. Print out TechCrunch headline for your mom
  • 7. Market to investors *after* you meet
  • 8. 4 Ways To Get Investors To Bite • Remove uncertainty • Drip marketing • Follow up immediately when they show interest • Ask for money, then be ready to take it
  • 9. How to avoid getting fired
  • 10. 8 Principles For Staying CEO • Don’t get caught by surprise. • Start planning your defenses early • Get everything in writing • Constantly work the key players • Realize that you are dispensable • The best defense is a good offense • Don’t sign anything during the coup attempt • Counterattack
  • 11. How Can Entrepreneurs Live a Happy Life?
  • 12. Entrepreneurship = Uncertainty • “Entrepreneurship is the pursuit of opportunity beyond resources controlled.” –Howard Stevenson (@HowardSHBS)
  • 13. Accepting Startup Uncertainty • Chances are, you’re going to fail • You always have too little time, money, and/or information • At any moment, the landscape can change • Being smart and hard-working isn’t enough • Sometimes, the lazy, dumb, and crooked will succeed
  • 14. Uncertainty = Endless Possibility
  • 15. Manage Life Uncertainty • Eat, sleep, and exercise • Spend time with friends & loved ones • Take breaks and naps • Minimize your spending • Have interests outside the startup world • Remember: Your startup is part of your life. It isn’t your entire life.