SlideShare a Scribd company logo
Kobkrit Viriyayudhakorn, Ph.D.
kobkrit@gmail.com
http://www.kobkrit.com
Lecture 14 @ kobkrit.com
React-Native Course
Startup Pitching

Mobile App Startup
Important Links
• Source Codes 

https://github.com/kobkrit/learn-react-native
• Course Materials

http://www.kobkrit.com/category/programming/react-
native/
• Score Announcement

http://bit.ly/its484quizscore
• Facebook Group

https://web.facebook.com/groups/ReactNativeThai/

Startup Pitching and Mobile App Startup
Pitch Deck
Cover Problem Solution Traction
Market Business
Team
Expertise
Vision
Competition
< Demo goes here
Ask
Cover
• Nice Teaser Picture
• Having your Company Logo,
Company Name.
• Elevator Pitch (High Concept
Pitch)
• What? How? Why?
• Youtube: Filckr for Video.
• Contact and Date
Problem
• What is the problem?
• How significant it is?
• Who has it? Who is the
most pain receivers for this
problem?
• How big it is?
Slidebean
Solutions
• How we solve the
problem?
• Why it make your
customers happy?
• Why we are better and
different?
FourSquare
Demo
• Money Shot Moment!
• Show Killer Feature.
• Demo Screen Shots
Video.
• Demo will FAILED.
Have a Backup.
https://www.youtube.com/watch?v=R0AoOvXxI4o
Traction
• How much money you can
make?
• How many active user?
• Testimonial
• Goal: We have valid
problem and valid
solution.
• Problem-Solution Fit.
Mixpanel
If you has no traction, your problem and solution is
just a fantasy — Peter Browne
Facebook
Map me
Man packs
Market Size
• Bigger is better!
• Estimate size of your
customer
• Top-down approach
• Bottom up approach
• What is their characteristic?
• Estimate your revenue?
Airbnb
Top-down approach
Square
Kibin
Top-Down approach
• Some research institute said Logistic market is
about 100billion USD.
• 10% of that deliveries item via motorcycle.
• We aimed to get 20% of that the total market size.
• Woot! Our business is 100billion x 10% x 20% =
2billion!!
Bottom-Up approach
• More reasonable.
• Right now, Our transaction size is 100USD
• We have 100,000 customer in Thailand
• Our customer purchases 2 time a year.
• Market Size is 100USD x 100K x 2 = 20mil USD
• Our market growing at 200% per year!
Business Model
• How do you make money?
• Unit economic
• Customer Acquisition Cost (CAC) <
Customer Lifetime Value (CLV)
• Top 1-3 source of revenue.
• Revenue Models
• Ecommerce? Subscription?
Adventising? Affilate?
Four Square
Youtube
Linked in
Expertise
• What is your unfair
advantage?
• Proprietary
Technology
• Patent
• Big Makes Lead
• Experienced Team
Square
Competition
• List all of your
competitors.
• Show how you’re better or
different.
• Find the most 2 values of
your customers care and
you are best on it.
Startup Pitching and Mobile App Startup
Vision
• What is your future
plan?
• What is your ultimate
goal?
• What is your roadmap?
• How can you win
customer and win
market?
Startup Pitching and Mobile App Startup
Team
• Who are you?
• What make you so
interesting?
• Geeks with deep tech
knowledge
• Entrepreneurs, who just
sold the company
• Sales/Marketing, who
bring a lot of customer.
Ask
• How much money do
you want?
• What will you do with
that?
• New Hires
• Marketing
• Infrastructure
Tourist Eye
Square
Recap
Cover Problem Solution Traction
Market Business
Team
Expertise
Vision
Competition
< Demo goes here
Ask
Normally ~5 minutes
Startup Metric
AARRR Metric
• AARRR Metric (from Dave McClure 500 Startup)
• Acquisition
• Activation
• Revenue
• Retention
• Referral
Startup Pitching and Mobile App Startup
Unit Economics
• Getting a new customer, make us richer or
poorer?
• CLTV (Customer Lifetime Value) - Contribution
Margin (Profit) created by a customer in their life
time.
• CAC (Customer Acquisition Cost) - Cost to make
an visitor experience to our service.
• CLTV >> CAC
4 Stages of Startup
1. Hypothesis
• Have at lease five customers pay (revenue), Move next.
2. Problem/Solution Fit
• Have at least 40% retention rate, Move next.
3. Product/Market Fit
• Raise Fund now! Scaling up time!
• Positive Unit economics, CLTV >> CAC. Move next.
4. Product/Economy Fit
Hypothesis Stage
• Planning your business on your business model
canvas (or lean canvas)
• 9 Important sections in the business.
• Prove each section one-by-one until we got the
valid business model.
• Qualitative interview customer for problem and
solution.
Startup Pitching and Mobile App Startup
Startup Pitching and Mobile App Startup
General Development
Process
Startup Pitching and Mobile App Startup
Startup Pitching and Mobile App Startup
First 6 months
• Development of 3-D world graphics
• Make plug-in to connect with 15 existing chat apps.
• ICQ
• MSN
• …
• Invest time, staff, effort and a lot of money
• Yahoo Messenger
• AOL
0 customers
• Customer said: I don’t want to use imvu to chat with my
friends, because my friend don’t use imvu. I chat with
my friends with existing chat app.
• Another Customer said: We want to find a new friend
via imvu. Not want to talking with the old one.
• Founder of IMVU said: Why we invest 6 month to
make plugin to 15 existing chat app!?
• This worth nothing. Giving everybody in company for
6 months vacation is better!
How can we test the market
earlier without invest a lot of
efforts in making product?
We don’t want to build a
product that nobody
wants.
Lean Startup Methodology
Testing Problem
Startup Pitching and Mobile App Startup
Making MVP
• Learn insight from the previous product interview.
• Start making an demo by making the MVP
(Minimum viable product)
• Simple web/app that can solve a problem for
customer
• Make it as fast as possible.
2 hours investment
Testing Solution
Startup Pitching and Mobile App Startup
What next?
Make + Release your product.
Measure by AARRR
Learn / Pivot
Loop
Problem/Solution Fit
• Requirement
• Customer have strong demand to pay for your
product.
• At least 5 paying customers.
• Your solution can solve your customer’s problem.
Product/Market Fit
• Sean Ellis Test: At least 40% people feel disappointed
when you said they could no longer use the product.
• AARRR: At least 40% Retention Rate
• Depend on industry
• Social Network, at least 60%
• E-commerce, at least 20%
• Raise fund now! Time to scale.
Growth Hacking Now!
Investors want to see at least 20%
growth month-over-month

at this point.
Product/Economy Fit
• Be able to achieve attractive economics at scale.
• CLTV >> CAC
Failed to Product/Economic Fit
https://hackernoon.com/why-startups-fail-after-product-market-fit-f8c558e4f1f8#.wnsjo1y8r
Startup Funding
• Pre-Startup / Early Stage - Hypothesis
• Family & Friends
• Seed Round - Problem/Solution Fit
• Incubators, Angle Investors
• Series A, B,… - Product/Marketing Fit
• VC, At least 1 million USD
• Exit - Product/Economy Fit
• IPO, Sale
Startup Pitching and Mobile App Startup
Startup Pitching and Mobile App Startup
Techsauce
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Startup Pitching and Mobile App Startup

  • 1. Kobkrit Viriyayudhakorn, Ph.D. [email protected] http://www.kobkrit.com Lecture 14 @ kobkrit.com React-Native Course Startup Pitching
 Mobile App Startup
  • 2. Important Links • Source Codes 
 https://github.com/kobkrit/learn-react-native • Course Materials
 http://www.kobkrit.com/category/programming/react- native/ • Score Announcement
 http://bit.ly/its484quizscore • Facebook Group
 https://web.facebook.com/groups/ReactNativeThai/

  • 4. Pitch Deck Cover Problem Solution Traction Market Business Team Expertise Vision Competition < Demo goes here Ask
  • 5. Cover • Nice Teaser Picture • Having your Company Logo, Company Name. • Elevator Pitch (High Concept Pitch) • What? How? Why? • Youtube: Filckr for Video. • Contact and Date
  • 6. Problem • What is the problem? • How significant it is? • Who has it? Who is the most pain receivers for this problem? • How big it is? Slidebean
  • 7. Solutions • How we solve the problem? • Why it make your customers happy? • Why we are better and different? FourSquare
  • 8. Demo • Money Shot Moment! • Show Killer Feature. • Demo Screen Shots Video. • Demo will FAILED. Have a Backup. https://www.youtube.com/watch?v=R0AoOvXxI4o
  • 9. Traction • How much money you can make? • How many active user? • Testimonial • Goal: We have valid problem and valid solution. • Problem-Solution Fit. Mixpanel If you has no traction, your problem and solution is just a fantasy — Peter Browne
  • 11. Market Size • Bigger is better! • Estimate size of your customer • Top-down approach • Bottom up approach • What is their characteristic? • Estimate your revenue? Airbnb Top-down approach
  • 13. Top-Down approach • Some research institute said Logistic market is about 100billion USD. • 10% of that deliveries item via motorcycle. • We aimed to get 20% of that the total market size. • Woot! Our business is 100billion x 10% x 20% = 2billion!!
  • 14. Bottom-Up approach • More reasonable. • Right now, Our transaction size is 100USD • We have 100,000 customer in Thailand • Our customer purchases 2 time a year. • Market Size is 100USD x 100K x 2 = 20mil USD • Our market growing at 200% per year!
  • 15. Business Model • How do you make money? • Unit economic • Customer Acquisition Cost (CAC) < Customer Lifetime Value (CLV) • Top 1-3 source of revenue. • Revenue Models • Ecommerce? Subscription? Adventising? Affilate? Four Square
  • 17. Expertise • What is your unfair advantage? • Proprietary Technology • Patent • Big Makes Lead • Experienced Team Square
  • 18. Competition • List all of your competitors. • Show how you’re better or different. • Find the most 2 values of your customers care and you are best on it.
  • 20. Vision • What is your future plan? • What is your ultimate goal? • What is your roadmap? • How can you win customer and win market?
  • 22. Team • Who are you? • What make you so interesting? • Geeks with deep tech knowledge • Entrepreneurs, who just sold the company • Sales/Marketing, who bring a lot of customer.
  • 23. Ask • How much money do you want? • What will you do with that? • New Hires • Marketing • Infrastructure Tourist Eye Square
  • 24. Recap Cover Problem Solution Traction Market Business Team Expertise Vision Competition < Demo goes here Ask Normally ~5 minutes
  • 26. AARRR Metric • AARRR Metric (from Dave McClure 500 Startup) • Acquisition • Activation • Revenue • Retention • Referral
  • 28. Unit Economics • Getting a new customer, make us richer or poorer? • CLTV (Customer Lifetime Value) - Contribution Margin (Profit) created by a customer in their life time. • CAC (Customer Acquisition Cost) - Cost to make an visitor experience to our service. • CLTV >> CAC
  • 29. 4 Stages of Startup 1. Hypothesis • Have at lease five customers pay (revenue), Move next. 2. Problem/Solution Fit • Have at least 40% retention rate, Move next. 3. Product/Market Fit • Raise Fund now! Scaling up time! • Positive Unit economics, CLTV >> CAC. Move next. 4. Product/Economy Fit
  • 30. Hypothesis Stage • Planning your business on your business model canvas (or lean canvas) • 9 Important sections in the business. • Prove each section one-by-one until we got the valid business model. • Qualitative interview customer for problem and solution.
  • 36. First 6 months • Development of 3-D world graphics • Make plug-in to connect with 15 existing chat apps. • ICQ • MSN • … • Invest time, staff, effort and a lot of money • Yahoo Messenger • AOL
  • 37. 0 customers • Customer said: I don’t want to use imvu to chat with my friends, because my friend don’t use imvu. I chat with my friends with existing chat app. • Another Customer said: We want to find a new friend via imvu. Not want to talking with the old one. • Founder of IMVU said: Why we invest 6 month to make plugin to 15 existing chat app!? • This worth nothing. Giving everybody in company for 6 months vacation is better!
  • 38. How can we test the market earlier without invest a lot of efforts in making product? We don’t want to build a product that nobody wants.
  • 42. Making MVP • Learn insight from the previous product interview. • Start making an demo by making the MVP (Minimum viable product) • Simple web/app that can solve a problem for customer • Make it as fast as possible.
  • 46. What next? Make + Release your product. Measure by AARRR Learn / Pivot Loop
  • 47. Problem/Solution Fit • Requirement • Customer have strong demand to pay for your product. • At least 5 paying customers. • Your solution can solve your customer’s problem.
  • 48. Product/Market Fit • Sean Ellis Test: At least 40% people feel disappointed when you said they could no longer use the product. • AARRR: At least 40% Retention Rate • Depend on industry • Social Network, at least 60% • E-commerce, at least 20% • Raise fund now! Time to scale.
  • 49. Growth Hacking Now! Investors want to see at least 20% growth month-over-month
 at this point.
  • 50. Product/Economy Fit • Be able to achieve attractive economics at scale. • CLTV >> CAC
  • 51. Failed to Product/Economic Fit https://hackernoon.com/why-startups-fail-after-product-market-fit-f8c558e4f1f8#.wnsjo1y8r
  • 52. Startup Funding • Pre-Startup / Early Stage - Hypothesis • Family & Friends • Seed Round - Problem/Solution Fit • Incubators, Angle Investors • Series A, B,… - Product/Marketing Fit • VC, At least 1 million USD • Exit - Product/Economy Fit • IPO, Sale