Posts
Great notes from the MIT Startup Bootcamp posted by Ali Powell. I've excerpted the first set from David Cancel of Performable.
'Creating a data driven startup.
Timing is everything.
Marketing, big data, analytics.
"98 percent of the people that come to your website leave and they never come back."
3 lessons learned the hard way:
1. The middle sucks. Don't be in the middle. That is the valley of death.
2. Your "demo" is useless. No one cares about your demo. Why would you spend energy on a demo when you could be creating the real product?
3. So is your business plan. Your business plan is wrong and worthless. It will not be the same at day 1 as it is along the way and at the end.
You do not want to hear, "that is interesting." That means that the investor does not care about your product.
Your biggest challenge is making people care. Don't focus on competitors. Stop reading Techcrunch.
Sell a dream or sell traction. Don't try to sell in the middle, don't sell the demo.
Your idea doesn't matter. It is about finding a pain point, solving a critical problem.
As soon as you hear "IF"- warning sign for your product.
If it is cheaper, if it was easier, etc...
Make sure that people will care about your product and want to start using it.
The Secret= #JFDI- Just Fu*king Do It!
Stop reading- Do something.
DOES ANYBODY CARE ABOUT YOUR PRODUCT?
"You are solving to make somebody care. There are NO repeatable patterns for startup success. Stop looking for one."'
Also speaking were:
Ric Fulop of A123Systems
Kevin Hale of Wufoo
Stephen Wolfram of Wolfram Research
Alexis Ohanian of reddit
James Lindenbaum of Heroku
Bob MetCalfe of Polaris Ventures
George Bell of General Catalyst Partners
Ayr Muir of Clover Food Lab
Mick Mountz of Kiva Systems
Chris Wanstrath of github
Read the full post:
http://www.bostonwomenpreneurs.com/boston-womenpreneurs-blog/bid/44597/Startu...
No comments:
Post a Comment