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Show           Customer
    Traction       Development
                                                Feb 16, 2012

Launch                   Define
                          MVP


               Hack




      Entrepreneurship School

               From 0 to Startup in 1 month!
                                                          1
© Startup Monthly (2011). All Rights Reserved
Sponsors




                                                2
© Startup Monthly (2011). All Rights Reserved
Startup Monthly Entrepreneurship School


      Startup Monthly is an Entrepreneurship School
      providing monthly HANDS ON workshops to teach
      young entrepreneurs how to create LEAN and
      FUNDABLE startups

      Mission: Identify the best talent, form co-founding
      teams and create successful companies



                                                            3
© Startup Monthly (2011). All Rights Reserved
Startup Monthly helps you
      Find a
                  • Mixers and activities
       Co-
     Founder      • Complementary skills and same passion

                  Find a        • Find a problem and initial solution
                Viable Idea     • Find best market fit

                              Validate a    • Perform Customer Development
                              Business
                               Model        • Find paying customers and business model

                                            Rapidly     • Define Minimal Viable Product
                                           Prototype    • Prototype rapidly and launch

                                                       Iterate and •   Constantly engage customers
                                                           Get
                                                         Traction •    Collect metrics and analytics

                                                                 Raise Seed •   Pitch coaching
                                                                  Funding
                                                                              • Pitch to investors
                                                                                               4
© Startup Monthly (2011). All Rights Reserved
Monthly Methodology

       Ice Breaker                     Idea Accelerator                 Pitch Accelerator
       Present                               Show          Customer          Get
        BMC            Games and            Traction                                          Pitch
                       Challenges                         Development     Feedback          Coaching



 Customer
                            Pitch       Launch                Define     Pitch to             Practice
Development
                            Idea                               MVP      Investors             & Refine

                  Form           Team                              Live
                                                       Hack                          Expo
                 Teams
                                                                 Prototype
          2 sessions                             5 sessions                     2 sessions
            1 week                                1 month                         4 days




                                                                                                5
© Startup Monthly (2011). All Rights Reserved
Startup Monthly Ecosystem

                                                                                      Industry
             Talent         Biz         Tech         Mentors         Investors                         Services
                                                                                      Experts


            Monthly
                           Networking          Education         Connections       Introductions         Leads
            Socials


           Hackathons                                  Initial
                           1-3 days workshops                       Initial Idea    Initial Pitch         Fun
          Ice Breakers                                 Team


             Idea                                    Business                         Co-Founding
                            5 weeks workshop                          Prototype                            Pitch
          Accelerator                                 Model                              Team


             Seed
                            Accelerators          Incubators          Angels          VCs           Profitability
          Investment




                                                                                                                    6
© Startup Monthly (2011). All Rights Reserved
2011 Results
    • 3 Idea Accelerators
    • 3 Ice Breakers
    • 3 Demo Days
    • 2 Pitch Accelerators
    • ~60 Sessions and Socials
    • ~1500 Entrepreneurs
    • 23 Teams, 10 Companies

                                                7
© Startup Monthly (2011). All Rights Reserved
Core Team
                   Yuri Rabinovich              CEO & Founder
             Monique Barbanson                  Director of Labs & Co-Founder
                       Vadim Slavin             Chief Operations Officer & Co-Founder
                            Ziv Yoash           Chief Legal Officer & Co-Founder
                             Eric Dorf          Director of User Experience
                Valerie Muravitsky              Agile Coach in Residence

  Extended Team
                          Amy Kwan              Community Manager
                          Tim McCoy             Designer in Residence
                 Andrea Schoeller               Director of BizDev and Operations
                            Ido Sakal           Chief Financial Officer


                                                                                        8
© Startup Monthly (2011). All Rights Reserved
What do we provide
      • All mentors in house – Tech, Biz, Legal, Marketing, Finance
      • Monthly Methodology combining Lean Startup and Customer
        Development best practices through hands on workshops
      • Advisors/Mentors
            •   Serial Entrepreneurs
            •   Lean Startup experts
            •   Industry and Domain experts
            •   Branding and Demo Coaches
            •   UX and Design experts
      • Network
            •   Investors
            •   Entrepreneurs– Biz/Tech
            •   Technical resources, outsourcing companies
            •   Partners and sponsors networks
            •   Universities
      • Tools
            •   Discounted and free partner services
            •   Best practices and startup tools
            •   SDKs, APIs, Open Sources, Frameworks and Platforms
© Startup Monthly (2011). All Rights Reserved
Ice Breaker - 1 Week - 2 Sessions
     Games and               • Group entrepreneurs with varying skills
     Challenges              • Rotate teams after each challenge
                             • Find people you like


      Pitch Idea             • Pitch ideas to your peers and excite them


                             • Form teams based on mutual interest and cohesiveness
                             • Discuss the concept with the team
    Form Teams               • Test your team for 1 week

                             • Interview potential customers and identify the problems
     Customer                • Create Business Model Canvas (BMC)
    Development              • Recruit missing resources

                             • Present your team
                             • Present the idea and business model canvas to panel of
     Pitch BMC
                               mentors and get feedback for the next steps
© Startup Monthly (2011). All Rights Reserved
Idea Accelerator Selection Process
   Teams are selected based on the following:
         o Well roundedness of teams
              Teams have a strong mix of dev, biz, marketing, and idea co-
               founders (as necessary): 3-5 team members, MAX 1 BizDev
               person, at least 2 technical co-founders
         o Team cohesiveness
              Team members must be able to listen to new ideas
              Team members must be committed for 1 months of intensive
               work together and have passion to create their own startup after
               the workshop
         o Ideas that can be tested using lean startup methodology which can
              Quickly define a minimum viable product (MVP), create a
               prototype, and perform a private launch to early adopters to get
               feedback


© Startup Monthly (2011). All Rights Reserved
A Strong Team Should Have:
      3-5 team members, MAX 1 BizDev person

      Technical Co-Founders:
            Developer
                  • Lead development of MVP and help grow the idea into a product
            UX and Designer
                  • Lead the user experience and design of the product
      Business Co-Founders:
            Idea Person
                  • Bring an idea to the team
                  • Unite group members around idea while being able to accept changes
                    to the initial idea
            Business
                  • Conduct market research to define problem and customer interaction
                    with the product
            Marketing
                  • Define how the product will be marketed to the customer and the
                    customer acquisition strategy



© Startup Monthly (2011). All Rights Reserved
Idea Accelerator - 1 Month - 5 sessions
                                   •Perform customer development
         Customer                  •Validate hypotheses: customers, value proposition
        Development                •Prototype core features; Choose tools and UI framework
                                   •Build early adopters community

                                   •Summarize customer development result
         Define MVP                •Define minimal viable product (MVP)
                                   •Wireframes using visual tools

                                   •Implement MVP using rapid prototyping tools
              Hack                 •Focus on delivering great user experience
                                   •Define metrics and analytics that should be collected

                                   •Define marketing and customer acquisition strategy
            Launch                 •Incorporate metrics/analytics and feedback mechanisms
                                   •Launch the service to early adopters

                                   •Present collected metrics; evaluate success
            Show                   •Final Demo to panel of investors
           Traction                •Teams get feedback and next steps
© Startup Monthly (2011). All Rights Reserved
Pitch Accelerator – 2 sessions
                                   •Pitch 5 min presentation to panel of mentors
             Pitch                 •Get feedback
           Coaching                     •Structure of presentation
                                        •Story telling
                                        •Behavior

            Practice               •Refine your presentation
                                   •Practice with your team
                                   •Improve your pitch
                                   •Present your product in front of demo day guests
              Expo                 •One on one pitch practice (30 sec)
                                   •Collect feedback from guests (Customer Development)

            Pitch to               •Pitch to investors
           Investors               •Present your current progress
                                   •Ask for help

                                   •Business Model
             Get                   •Introductions
          Feedback                 •Investment feasibility
© Startup Monthly (2011). All Rights Reserved
Partners




                                                15
© Startup Monthly (2011). All Rights Reserved
Lets Startup!


© Startup Monthly (2011). All Rights Reserved

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Startup Monthly Entrepreneurship School

  • 1. Show Customer Traction Development Feb 16, 2012 Launch Define MVP Hack Entrepreneurship School From 0 to Startup in 1 month! 1 © Startup Monthly (2011). All Rights Reserved
  • 2. Sponsors 2 © Startup Monthly (2011). All Rights Reserved
  • 3. Startup Monthly Entrepreneurship School Startup Monthly is an Entrepreneurship School providing monthly HANDS ON workshops to teach young entrepreneurs how to create LEAN and FUNDABLE startups Mission: Identify the best talent, form co-founding teams and create successful companies 3 © Startup Monthly (2011). All Rights Reserved
  • 4. Startup Monthly helps you Find a • Mixers and activities Co- Founder • Complementary skills and same passion Find a • Find a problem and initial solution Viable Idea • Find best market fit Validate a • Perform Customer Development Business Model • Find paying customers and business model Rapidly • Define Minimal Viable Product Prototype • Prototype rapidly and launch Iterate and • Constantly engage customers Get Traction • Collect metrics and analytics Raise Seed • Pitch coaching Funding • Pitch to investors 4 © Startup Monthly (2011). All Rights Reserved
  • 5. Monthly Methodology Ice Breaker Idea Accelerator Pitch Accelerator Present Show Customer Get BMC Games and Traction Pitch Challenges Development Feedback Coaching Customer Pitch Launch Define Pitch to Practice Development Idea MVP Investors & Refine Form Team Live Hack Expo Teams Prototype 2 sessions 5 sessions 2 sessions 1 week 1 month 4 days 5 © Startup Monthly (2011). All Rights Reserved
  • 6. Startup Monthly Ecosystem Industry Talent Biz Tech Mentors Investors Services Experts Monthly Networking Education Connections Introductions Leads Socials Hackathons Initial 1-3 days workshops Initial Idea Initial Pitch Fun Ice Breakers Team Idea Business Co-Founding 5 weeks workshop Prototype Pitch Accelerator Model Team Seed Accelerators Incubators Angels VCs Profitability Investment 6 © Startup Monthly (2011). All Rights Reserved
  • 7. 2011 Results • 3 Idea Accelerators • 3 Ice Breakers • 3 Demo Days • 2 Pitch Accelerators • ~60 Sessions and Socials • ~1500 Entrepreneurs • 23 Teams, 10 Companies 7 © Startup Monthly (2011). All Rights Reserved
  • 8. Core Team Yuri Rabinovich CEO & Founder Monique Barbanson Director of Labs & Co-Founder Vadim Slavin Chief Operations Officer & Co-Founder Ziv Yoash Chief Legal Officer & Co-Founder Eric Dorf Director of User Experience Valerie Muravitsky Agile Coach in Residence Extended Team Amy Kwan Community Manager Tim McCoy Designer in Residence Andrea Schoeller Director of BizDev and Operations Ido Sakal Chief Financial Officer 8 © Startup Monthly (2011). All Rights Reserved
  • 9. What do we provide • All mentors in house – Tech, Biz, Legal, Marketing, Finance • Monthly Methodology combining Lean Startup and Customer Development best practices through hands on workshops • Advisors/Mentors • Serial Entrepreneurs • Lean Startup experts • Industry and Domain experts • Branding and Demo Coaches • UX and Design experts • Network • Investors • Entrepreneurs– Biz/Tech • Technical resources, outsourcing companies • Partners and sponsors networks • Universities • Tools • Discounted and free partner services • Best practices and startup tools • SDKs, APIs, Open Sources, Frameworks and Platforms © Startup Monthly (2011). All Rights Reserved
  • 10. Ice Breaker - 1 Week - 2 Sessions Games and • Group entrepreneurs with varying skills Challenges • Rotate teams after each challenge • Find people you like Pitch Idea • Pitch ideas to your peers and excite them • Form teams based on mutual interest and cohesiveness • Discuss the concept with the team Form Teams • Test your team for 1 week • Interview potential customers and identify the problems Customer • Create Business Model Canvas (BMC) Development • Recruit missing resources • Present your team • Present the idea and business model canvas to panel of Pitch BMC mentors and get feedback for the next steps © Startup Monthly (2011). All Rights Reserved
  • 11. Idea Accelerator Selection Process Teams are selected based on the following: o Well roundedness of teams  Teams have a strong mix of dev, biz, marketing, and idea co- founders (as necessary): 3-5 team members, MAX 1 BizDev person, at least 2 technical co-founders o Team cohesiveness  Team members must be able to listen to new ideas  Team members must be committed for 1 months of intensive work together and have passion to create their own startup after the workshop o Ideas that can be tested using lean startup methodology which can  Quickly define a minimum viable product (MVP), create a prototype, and perform a private launch to early adopters to get feedback © Startup Monthly (2011). All Rights Reserved
  • 12. A Strong Team Should Have: 3-5 team members, MAX 1 BizDev person Technical Co-Founders: Developer • Lead development of MVP and help grow the idea into a product UX and Designer • Lead the user experience and design of the product Business Co-Founders: Idea Person • Bring an idea to the team • Unite group members around idea while being able to accept changes to the initial idea Business • Conduct market research to define problem and customer interaction with the product Marketing • Define how the product will be marketed to the customer and the customer acquisition strategy © Startup Monthly (2011). All Rights Reserved
  • 13. Idea Accelerator - 1 Month - 5 sessions •Perform customer development Customer •Validate hypotheses: customers, value proposition Development •Prototype core features; Choose tools and UI framework •Build early adopters community •Summarize customer development result Define MVP •Define minimal viable product (MVP) •Wireframes using visual tools •Implement MVP using rapid prototyping tools Hack •Focus on delivering great user experience •Define metrics and analytics that should be collected •Define marketing and customer acquisition strategy Launch •Incorporate metrics/analytics and feedback mechanisms •Launch the service to early adopters •Present collected metrics; evaluate success Show •Final Demo to panel of investors Traction •Teams get feedback and next steps © Startup Monthly (2011). All Rights Reserved
  • 14. Pitch Accelerator – 2 sessions •Pitch 5 min presentation to panel of mentors Pitch •Get feedback Coaching •Structure of presentation •Story telling •Behavior Practice •Refine your presentation •Practice with your team •Improve your pitch •Present your product in front of demo day guests Expo •One on one pitch practice (30 sec) •Collect feedback from guests (Customer Development) Pitch to •Pitch to investors Investors •Present your current progress •Ask for help •Business Model Get •Introductions Feedback •Investment feasibility © Startup Monthly (2011). All Rights Reserved
  • 15. Partners 15 © Startup Monthly (2011). All Rights Reserved
  • 16. Lets Startup! © Startup Monthly (2011). All Rights Reserved