“Starting a new company” by Jānis Kiršteins from Notakey at Start-up focused 50th DevClub.lv
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The document outlines a startup journey divided into three phases: consulting, validation, and execution. It emphasizes the importance of teamwork, luck, and community while also highlighting the common challenges startups face regarding product definition, customer identification, and revenue generation. Various financial strategies and indicators of success and failure are discussed throughout the phases.
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“Starting a new company” by Jānis Kiršteins from Notakey at Start-up focused 50th DevClub.lv
- 1. 0 to startup
- 3. Last surviving maintainer of a PHP4 app in 2070
- 4. “CEOs always act on leading indicators of good news, but only act on lagging indicators of bad news.” https://medium.com/software-is-eating-the-world/ andy-37e10d4780bc#.c66t5kjj9 - Andy Grove
- 5. doin' it 2 kids and a mortgage?
- 6. Phase 1: consulting 8 months product idea + co-founder
- 7. EUR 25K loan (buffer) Financing Child benefits 25% reduction in income Work Savings
- 9. Prototyping
- 10. Prototyping
- 12. You will need some luck… …and a team
- 13. Luck + team = community Always pay it forward and never forget to pay it back. It’s how you got here and it defines where you’re going… - @briansolis
- 14. Phase 2: validation 6 months accelerators -> product -> 1st client
- 15. Remaining buffer Financing Credit cards 45% reduction in income Accelerators
- 16. “A ‘startup’ is a company that is confused about three things: (1.) What its product is. (2.) Who its customers are. (3.) How to make money.” – Dave McClure, 500Startups
- 19. 0 10 20 30 40 '000 EUR 10K cash 25K "on-paper" value 5% 95% 3 MONTHS 5% EQUITY
- 21. 0 5 10 15 20 '000 EUR 20K cash NO EQUITY + LIVING EXPENSES 2 MONTHS
- 22. Prototype = demo Product = details
- 23. EUR 50K EUR 50K EUR 50K
- 24. Digital signatures and logistics 2FA (API, VPN, Win, PAM) Federated ID
- 25. Prototype = demo Product = details Company = engine Phase 3
- 26. It’s a moonshot