Vision and Ideas Founders Ins.tute Orange County h5p://fi.co
Tim Chan firstname.lastname@example.org
Startup or the idea?
Pro Strong idea Lots of passion and energy driving the idea forward Lots of fun in the beginning
Con Recruiting can be difficult Team members have their own ideas Difficult to explain the vision Team relationships are still new and unknown with
potential issues down the road.
Pro Get to know the team, learn each others strengths/
weaknesses A strong team works together for research on
market strengths Investors look at the team makeup
Con Each team member has different ideas, so coming
to an agreement is slow going No clear product vision. Each member has their
own ideas on vision and there must be compromises from everyone.
Why do we need it? Is there a healthy market? Provides value to the user? Great execution! Personal experience? Passion and expertise?
Learn Who, what, how, why
Create What is the ideal solution
Do Identify people and resources Study the market Features that competitors are missing Prototype again and again
Adapt What worked and what didnt work in the prototype? What needs to be changed or enhanced? What are the next steps
Chase the vision, not the money; the money will end up following you. Tony Hsieh, Zappos CEO
People who know what they are talking about dont need Powerpoint. Steve Jobs, Apple CEO
Ideas are commodity. Execution of them is not. Michael Dell, Dell Chairman and CEO
If you are not embarrassed by the first version of your product, youve launched too late. Reid Hoffman, LinkedIn Co-Founder and Venture Capitalist
Founder Institute Mentors Basecamp.com Trello.com Udemy.com Fiverr.com / Fiverup.com freemind.sourceforge.net (or any mindmapping tool) Wireframes
Balsamiq Keynotopia InVision App