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Our startup journey: Mistakes,
successes, and lessons
Presented for Founder Institute Sydney
on 29 July 2014
Matthew Ho
● Digital Producer background
● Worked online for 7 years
● Next Digital, Deloitte, Airbnb
● Love TV series, movies & sports
● Twitter: @inspiredworlds
Head of Product Development at Tapmint
Tapmint
● Provide consulting services on
innovation & rapid experimentation for
web/mobile
● Native Tongue - First winning team in
Startup Weekend in Australia
● 4 language game apps
● 400,000 downloads
● Twitter: @tapmint
_v
What did you do when launching a
start-up in your first year?
● We won Startup Weekend Melbourne in
May 2011
● 5 months later - launched Mandarin
Madness, our first mobile app on
Android, then iOS
● $1k in our first week on iOS
● #2 top paid education iOS app
● We were starting to get press
● Decided to do more apps
● If we had 5 apps x $1k per week
x 52 weeks = $260k p.a.
● Our second app came out a
month later
● We botched the second launch
● Spread too thin with 3 apps -
Chinese, Spanish, English
● On 3 different platforms - iOS,
Android, Amazon
● 400,000 downloads, played 2 million
times.
● Used in a number of schools around
the world
● It was a really rocky ride in 1.5 years.
● We then launched LP Strategy, a word
game cheat app in 2 weeks
● Applied our learnings in App Store
Optimisation, how to get a product to
market quickly and iterate
● One of the top cheat apps for this
game
● We could build innovative apps fast
and iterate
● Started a new business Tapmint to
provide consulting services on
innovative apps/websites
● Leveraging our startup experience &
skills building products and our prior
work experience
● Built 8 products in 12 months
● Employ 9 people
● Get product to market sooner.
● Stay focused on a single product with a
narrow set of features
● Should have focused on Mandarin or the
Spanish app.
● Faster iterations with smaller updates.
● Android has advantages for launching first as
there is no approval process
● Wouldn’t have spent money going to the
overseas conference and exhibiting
Lessons Learnt
How did you promote your product
once launched?
● App Store Optimisation
● Experimented with mobile ads
● Experimented with paid downloads.
Pay per install
● We had PR - 60 articles
● Best publications was in education
article in #1 English newspaper in
Hong Kong
● Paid for articles - mobile blogs will
review if you pay
● Adwords
● Partnerships with other apps and blogs
● Best way - marketing via the product
● Experimented with different pricing
models and business models
● Understood the freemium model
● What we wanted to do was send
language challenges
● Majority of our downloads to date are due
to our app store position for searches
such as “Learn Mandarin”, “Learn
Spanish”, etc...
Any good stories about previous
successes/mistakes?
Lesson #1: Start a business with a great founding team
● Biggest reasons for startup failure is the
founding team
● Not that you ran out of money, or didn’t
get product/market fit
● Need to have the same vision,
commitment, and complementary skills
● I’ve been working with the same co-
founder for the past 3 years across 2
businesses
Lesson #2: Focus on your strengths
● With a complementary team, we
leveraged our strengths
● In our complementary team, non-tech
founder shouldn’t be learning how to
code
● But at least understand the technology
and get involved in the product
● One founder needs to have more focus
on the customer and customer
acquisition (sales/marketing)
Lesson #3: Don’t spam journalist with your launch
● After finally launching a side project to
rate Angel investors, I decided to email
20+ journalists
● We had a PR strategy in place
● I ignored it and got caught up in the
excitement of launching a product
● What I should have done was
reference their previous work, also
created content based on our analysis
● Build a relationship with journalists
● Sometimes they come to us as a
source of information or for some
insights
● Refer them to other people
● Offer to write guest articles,
comment on their articles
● Show them articles you’ve written
previously
How to do it
● If you have any startup questions, looking to
design/develop an MVP, please contact me
● Matthew Ho, Tapmint
● Email: hello@tapmint.com
● Website: http://tapmint.com
● Twitter.com: @inspiredworlds
● Personal blog: http://inspiredworlds.com/
Contact Me

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Our startup journey - mistakes, successes and lessons learnt.

  • 1. Our startup journey: Mistakes, successes, and lessons Presented for Founder Institute Sydney on 29 July 2014
  • 2. Matthew Ho ● Digital Producer background ● Worked online for 7 years ● Next Digital, Deloitte, Airbnb ● Love TV series, movies & sports ● Twitter: @inspiredworlds Head of Product Development at Tapmint
  • 3. Tapmint ● Provide consulting services on innovation & rapid experimentation for web/mobile ● Native Tongue - First winning team in Startup Weekend in Australia ● 4 language game apps ● 400,000 downloads ● Twitter: @tapmint
  • 4. _v What did you do when launching a start-up in your first year?
  • 5. ● We won Startup Weekend Melbourne in May 2011 ● 5 months later - launched Mandarin Madness, our first mobile app on Android, then iOS ● $1k in our first week on iOS ● #2 top paid education iOS app ● We were starting to get press
  • 6. ● Decided to do more apps ● If we had 5 apps x $1k per week x 52 weeks = $260k p.a. ● Our second app came out a month later ● We botched the second launch ● Spread too thin with 3 apps - Chinese, Spanish, English ● On 3 different platforms - iOS, Android, Amazon
  • 7. ● 400,000 downloads, played 2 million times. ● Used in a number of schools around the world ● It was a really rocky ride in 1.5 years. ● We then launched LP Strategy, a word game cheat app in 2 weeks ● Applied our learnings in App Store Optimisation, how to get a product to market quickly and iterate ● One of the top cheat apps for this game
  • 8. ● We could build innovative apps fast and iterate ● Started a new business Tapmint to provide consulting services on innovative apps/websites ● Leveraging our startup experience & skills building products and our prior work experience ● Built 8 products in 12 months ● Employ 9 people
  • 9. ● Get product to market sooner. ● Stay focused on a single product with a narrow set of features ● Should have focused on Mandarin or the Spanish app. ● Faster iterations with smaller updates. ● Android has advantages for launching first as there is no approval process ● Wouldn’t have spent money going to the overseas conference and exhibiting Lessons Learnt
  • 10. How did you promote your product once launched?
  • 11. ● App Store Optimisation ● Experimented with mobile ads ● Experimented with paid downloads. Pay per install ● We had PR - 60 articles ● Best publications was in education article in #1 English newspaper in Hong Kong ● Paid for articles - mobile blogs will review if you pay ● Adwords
  • 12. ● Partnerships with other apps and blogs ● Best way - marketing via the product ● Experimented with different pricing models and business models ● Understood the freemium model ● What we wanted to do was send language challenges ● Majority of our downloads to date are due to our app store position for searches such as “Learn Mandarin”, “Learn Spanish”, etc...
  • 13. Any good stories about previous successes/mistakes?
  • 14. Lesson #1: Start a business with a great founding team ● Biggest reasons for startup failure is the founding team ● Not that you ran out of money, or didn’t get product/market fit ● Need to have the same vision, commitment, and complementary skills ● I’ve been working with the same co- founder for the past 3 years across 2 businesses
  • 15. Lesson #2: Focus on your strengths ● With a complementary team, we leveraged our strengths ● In our complementary team, non-tech founder shouldn’t be learning how to code ● But at least understand the technology and get involved in the product ● One founder needs to have more focus on the customer and customer acquisition (sales/marketing)
  • 16. Lesson #3: Don’t spam journalist with your launch ● After finally launching a side project to rate Angel investors, I decided to email 20+ journalists ● We had a PR strategy in place ● I ignored it and got caught up in the excitement of launching a product ● What I should have done was reference their previous work, also created content based on our analysis
  • 17. ● Build a relationship with journalists ● Sometimes they come to us as a source of information or for some insights ● Refer them to other people ● Offer to write guest articles, comment on their articles ● Show them articles you’ve written previously How to do it
  • 18. ● If you have any startup questions, looking to design/develop an MVP, please contact me ● Matthew Ho, Tapmint ● Email: hello@tapmint.com ● Website: http://tapmint.com ● Twitter.com: @inspiredworlds ● Personal blog: http://inspiredworlds.com/ Contact Me