Vision and Ideas - Creating a Startup

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  • Vision and Ideas Founders Ins.tute Orange County h5p://

    Tim Chan

  • Startup or the idea?

  • Idea first

    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.

  • Startup first

    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.

  • good idea?

    Why do we need it? Is there a healthy market? Provides value to the user? Great execution! Personal experience? Passion and expertise?

  • ideas

    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

  • Resources

    Founder Institute Mentors / (or any mindmapping tool) Wireframes

    Balsamiq Keynotopia InVision App