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How to think like a startup (updated)

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How to think like a startup new version presented today in Paris

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How to think like a startup (updated)

  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
  20. Tom McLeod, OMNI Stores everything that clutters your life
  21. Millennials don’t want to plan anything and talk to anyone
  22. Facebook “M”
  23. Millennials want to change the world
  24. Improve the world “I just wanted more electric cars on the road” - Elon Musk
  25. “Make the world better” “All business should make the world better” - Leila Janah LXMI / Sama
  26. If you set your goals ridiculously high and it’s a failure, you will still fail above everyone else’s success James Cameron (Avatar)
  27. Copying fast is okay
  28. They don’t care about copying ...and making it better
  29. Instagram stories and Snapchat stories
  30. Snap's Spectacles are the beginning of camera-first future
  31. SV entrepreneurs surround themselves with investors who provide more than $
  32. 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”
  33. SV entrepreneurs launch their product really fast
  34. "If you're not embarrassed by the first version of your product, you’ve launched too late" - Reid Hoffman
  35. Entrepreneurs iterate quickly
  36. 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
  37. Entrepreneurs make everything transparent
  38. Even your own company is rated
  39. Entrepreneurs acknowledge issues and respond quickly
  40. Elon Musk turns a tweet into a company wide change in 6 days
  41. Elon Musk turns a tweet into a company wide change in 6 days
  42. #1 Advantage of a start up... Speed
  43. “We’re going in full throttle. That ought to keep those fighters off our back.” - Luke Skywalker
  44. 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)
  45. Always keep momentum.
  46. - 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.
  47. 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)
  48. Twitter’s MVP
  49. Linkedin’s MVP
  50. Facebook’s MVP
  51. Google’s MVP
  52. 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)
  53. “At Google X, we embrace failure.” - Astro Teller
  54. Most Startups Fail
  55. Entrepreneurs fail fast
  56. And pivot
  57. Startups ranked by number of years from founding to $1 billion valuation
  58. Flickr should have built Instagram but they did not move fast enough
  59. Entrepreneurs work with an ecosystem of developers
  60. Twitter decided developers weren’t so important anymore
  61. Entrepreneurs Embrace wikipedia style volunteer collaboration Slush and their 2,200 volunteers
  62. Entrepreneurs challenge the current players by re-inventing the model Metromile charges insurance protection per mile
  63. Entrepreneurs constantly reinvent their business Uber selling data Tesla next?
  64. See you in Paris April 11-12 paris.leade.rs Loic Le Meur More on my newsletter at leade.rs/loicnewsletter facebook.com/loic twitter.com/loic instagram.com/loic loic@leade.rs

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