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How to think like a startup

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How to think like a startup

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How to think like a startup

  1. How to think like a startup Loic Le Meur
  2. How do startup entrepreneurs find ideas?
  3. “In the beginner’s mind there are many possibilities, but in the expert’s mind there are few” - Shunryu Suzuki
  4. Meditation and mindfulness is popular in Silicon Valley and now in Davos
  5. Provide benefit to the customer - anything else is a waste Learning to see waste and then systematically eliminate it
  6. “I am still learning.” - Michelangelo, at age 87
  7. Airbnb started because of a shortage of hotel rooms in San Francisco
  8. Uber started because of a shortage of cabs in Paris
  9. Ryan Hoover, Product Hunt Started just from an email list Gathered a small community of people addicted to new products
  10. Naval Ravikant, Angel List Weekly email of curated angel investors
  11. Craig Newmark, Craigslist Request and Gives from Craig’s friends
  12. Jamie Siminoff, Ring Tried 3 different ideas in his garage Struggled to find initial funding Now approaching 1,000 employees
  13. The Ring founding story
  14. Create an environment for creativity - Further future
  15. Create an environment for creativity
  16. Create an environment for creativity
  17. Create an environment for creativity
  18. Create an environment for creativity
  19. Millennials don’t want to own anything and care about improving the world
  20. Improve the world “I just wanted more electric cars on the road” - Elon Musk
  21. “Make the world better” “All business should make the world better” - Leila Janah LXMI
  22. They don’t care about copying ...and making it better
  23. Instagram stories and Snapchat stories
  24. Snap's Spectacles are the beginning of camera-first future
  25. SV entrepreneurs surround themselves with investors who provide more than $
  26. Teams are remote, own the business and don’t feel like employees Mix of highly experimented professionals and very creative millennials Matthew Mansfield Dami Dina Kevin Wolf Jean-Jacques Borie “We’re too slow and too old in this company”
  27. SV entrepreneurs launch their product really fast
  28. "If you're not embarrassed by the first version of your product, you’ve launched too late" - Reid Hoffman
  29. Entrepreneurs iterate quickly
  30. Entrepreneurs break the rules Travis Kalanick and Uber got sued non stop but kept going Uber and Airbnb were illegal from day one in many places but kept operating
  31. Entrepreneurs make everything transparent
  32. Even your own company is rated
  33. Entrepreneurs acknowledge issues and respond quickly
  34. Elon Musk turns a tweet into a company wide change in 6 days
  35. Elon Musk turns a tweet into a company wide change in 6 days
  36. #1 Advantage of a start up... Speed
  37. “We’re going in full throttle. That ought to keep those fighters off our back.” - Luke Skywalker
  38. Speed is the #1 competitive weapon Rapid product beats competition Rapid results builds team morale which leads to more success Rapid results generate more interest Rapid results increases valuation (NFX Guild)
  39. Always keep momentum.
  40. - Henry Ford The competitor to be feared is one who never bothers about you at all, but goes on making his own business better all the time.
  41. Set the time, not the output What product can I build in: 3 months? (Directhit, Xfire) 8 days? (Hot or Not) 30 days? (Jiff) 1 month? (Meerkat) (NFX Guild)
  42. Twitter’s MVP
  43. Linkedin’s MVP
  44. Facebook’s MVP
  45. Google’s MVP
  46. How startups win No QA No Usability Studies No Focus Groups No Politics No Endless Debates No Board of Directors No Bus Dev Deals No PR No Marketing Spend No Budgeting Process (NFX Guild)
  47. “At Google X, we embrace failure.” - Astro Teller
  48. Most Startups Fail
  49. Entrepreneurs fail fast
  50. And pivot
  51. Startups ranked by number of years from founding to $1 billion valuation
  52. Flickr should have built Instagram but they did not move fast enough
  53. Entrepreneurs work with an ecosystem of developers
  54. Twitter decided developers weren’t so important anymore
  55. Entrepreneurs Embrace wikipedia style volunteer collaboration Slush and their 2,200 volunteers
  56. Entrepreneurs challenge the current players by re-inventing the model Metromile charges insurance protection per mile
  57. Entrepreneurs constantly reinvent their business Uber selling data Tesla next?
  58. Thanks! Loic Le Meur More on my newsletter at leade.rs/loicnewsletter facebook.com/loic twitter.com/loic loic@leade.rs

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