Experiences in launching tech-enabled startup ventures and some general tips and lessons learned

1. BABSON NEW TECH VENTURES
Adventures in launching tech ventures
David Chang
Entrepreneur & Angel Investor
@changds

2. My
Journey
Starting a
Tech Venture
Lessons
Learned

10. $ 1 1 0 M $ 2 1 0 M $ 2 7 0 M $ 1 3 5 M

11. Direct Via Syndicate/Fund
ANGEL INVESTMENTS

12. Building
Investing
Connecting

13. Starting a
Tech Venture

23. 1.10 ^ 12
= 3.1
1.01 ^ 365
= 37.8

24. FOCUS PIVOT

28. David Chang, startup
evangelist, parts ways
with Boston’s PayPal
office after shakeup
David Chang out
as head of PayPal's
Boston office

29. Do you need to be technical
to start a tech venture?

30. Feasible

31. Viable

32. Desirable

33. Feasible
ViableDesirable

34. WHERE TO FIND TECHNICAL CO-FOUNDERS
• Student groups, meetups (part-time)
• Industry
• Veterans in between gigs
• Open to moonlighting (part-time)
• Freelancers – see startup resources list

35. Lessons
Learned

36. Career Tips

37. START OR JOIN A COMPANY

38. PEOPLE BONDS > COMPANY BOUNDARIES

39. Engineer
Product
Management
MarketingInvestor
Corporate
Development
Business
Development
EXPAND YOUR SKILLS

40. Function
Size
WHAT ROLE FITS BEST?
Location
Industry

41. Founders Tips

42. IDEAS ALONE ARE WORTHLESS

43. DON’T GO SOLO

44. FIND THE RIGHT CO-FOUNDERS

45. FUNDRAISING SWEET SPOT

46. SHOW MILESTONES THAT DE-RISK
See www.techcrunch.com/2015/06/24/running-out-of-money-isnt-a-milestone
Team
Product Development
Market Demand
Product / Market Fit
Business Model
Execution

49. WORK THE NETWORK

50. Q&A
David Chang
@changds