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Speed Matters
Build Your Startup Faster #1
JOSH TENG
Founder, Code Division Academy
Josh through his Code Division program has taught
over 60 passionate individuals how to build apps. Along
the way, Josh has also helped various startups get
started.
Passionate about growth marketing and coding, he
combines his knowledge of technology and psychology
to build products quickly and cheaply with traction early-
on.
For the past 5 years, Josh has co-founded 2 startups
including Televate and Wobb. Televate is a customer
support solution for large corporations such as banks
and airlines. Wobb is a technological headhunter to
help good quality employers and talent find each other.
He is currently focusing on empowering others with the
skills and knowledge to build the things they love
through Code Division, a collaboration with MaGIC.
The Idealized Life Cycle
Idea Product Company $$$
Step 1
Focus on Step 1
Biz Person EngineerVS
“Let’s find someone to build the best product
possible”
“Let me build the best product possible”
Jumping into obsessing
over a product isn’t
always the best option
Step 1
What’s Our Objective?
● Build a product?
● Should we gain some form initial validation?
● Start getting customers?
Do we really need a
product?
Do we really need a
product?
Or can we work with just
the idea of a product?
Or can we start selling
immediately?
Property Industry
New Development
● You go to a showroom
● You make a booking fee
● The property is probably not ready
Or can we work with just
the idea of a product?
All you really need is a
showroom and a promise
to deliver
Case Studies
Different ways of verifying your startup
ONE: Landing page
● Value proposition
○ Problem
○ Benefits
● Collect contact info
○ Form - email & name
○ Promise to notify when
product is ready
● Product screenshots
Landing Page Tools
● Landing Page Builders
○ Unbounce/Lead Pages
○ Squarespace
● Email Autoresponder/Newsletter
○ Mailchimp
○ Aweber
● Prototyping tool (to create product screenshots)
○ Sketch
○ Invision
TWO: An MVP
● Immediately solve
the user’s problem
● Example:
○ Concierge MVP
■ Manual labour
○ Be Malas
■ A simple static site
■ Whatsapp
■ You could have started
this in a matter of hours
Drive traffic
● Often overlooked!
● Your site/app is one out of millions
● Driving traffic is the MOST important key to
success
Traffic - Frame of mind
Not so good
● Asking friends to
sign up
● Not knowing who
your ideal
customers are
Better
● Be specific about
your early adopters
● More is never better
● Is your solution a
vitamin or a pain
killer?
Getting your hands dirty
● Forget about viral
● Forget about press
● Invest in targeted ads (Google, Facebook etc+)
● Don’t get complicated
Ad Strategy
Pain Killer Vitamin
● People are probably searching for it
● Use Google to target keywords
● People are probably not really
searching for it
● Use facebook to target demographics
● Use Google to target keywords
(lateral thinking)
Example
● Super-charged Landing Page
● Wobb
1000 Users in 7 Days
No Product, Landing Page
Sneaky
Decoy Technique
Exclusivity
Social Proof
http://blog.joshteng.com/post/117710598672/how-we-got-1000-sign-ups-in-7-
days-with-no-real
Read More
Summary: The Better Way
Idea $$$
Hire people
better than you
Super MVP
Company
Product (DIY) Seed Round
Grow Faster
Solid Product

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Build Your Startup Faster with an MVP and Early Validation

  • 1. Speed Matters Build Your Startup Faster #1
  • 2. JOSH TENG Founder, Code Division Academy Josh through his Code Division program has taught over 60 passionate individuals how to build apps. Along the way, Josh has also helped various startups get started. Passionate about growth marketing and coding, he combines his knowledge of technology and psychology to build products quickly and cheaply with traction early- on. For the past 5 years, Josh has co-founded 2 startups including Televate and Wobb. Televate is a customer support solution for large corporations such as banks and airlines. Wobb is a technological headhunter to help good quality employers and talent find each other. He is currently focusing on empowering others with the skills and knowledge to build the things they love through Code Division, a collaboration with MaGIC.
  • 3. The Idealized Life Cycle Idea Product Company $$$ Step 1
  • 4. Focus on Step 1 Biz Person EngineerVS “Let’s find someone to build the best product possible” “Let me build the best product possible”
  • 5. Jumping into obsessing over a product isn’t always the best option
  • 6. Step 1 What’s Our Objective? ● Build a product? ● Should we gain some form initial validation? ● Start getting customers?
  • 7. Do we really need a product? Do we really need a product?
  • 8. Or can we work with just the idea of a product? Or can we start selling immediately?
  • 9. Property Industry New Development ● You go to a showroom ● You make a booking fee ● The property is probably not ready
  • 10. Or can we work with just the idea of a product? All you really need is a showroom and a promise to deliver
  • 11. Case Studies Different ways of verifying your startup
  • 12. ONE: Landing page ● Value proposition ○ Problem ○ Benefits ● Collect contact info ○ Form - email & name ○ Promise to notify when product is ready ● Product screenshots
  • 13. Landing Page Tools ● Landing Page Builders ○ Unbounce/Lead Pages ○ Squarespace ● Email Autoresponder/Newsletter ○ Mailchimp ○ Aweber ● Prototyping tool (to create product screenshots) ○ Sketch ○ Invision
  • 14. TWO: An MVP ● Immediately solve the user’s problem ● Example: ○ Concierge MVP ■ Manual labour ○ Be Malas ■ A simple static site ■ Whatsapp ■ You could have started this in a matter of hours
  • 15. Drive traffic ● Often overlooked! ● Your site/app is one out of millions ● Driving traffic is the MOST important key to success
  • 16. Traffic - Frame of mind Not so good ● Asking friends to sign up ● Not knowing who your ideal customers are Better ● Be specific about your early adopters ● More is never better ● Is your solution a vitamin or a pain killer?
  • 17. Getting your hands dirty ● Forget about viral ● Forget about press ● Invest in targeted ads (Google, Facebook etc+) ● Don’t get complicated
  • 18. Ad Strategy Pain Killer Vitamin ● People are probably searching for it ● Use Google to target keywords ● People are probably not really searching for it ● Use facebook to target demographics ● Use Google to target keywords (lateral thinking)
  • 20. 1000 Users in 7 Days
  • 24. Summary: The Better Way Idea $$$ Hire people better than you Super MVP Company Product (DIY) Seed Round Grow Faster Solid Product