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Lessons Learned Launching a Tech Company PowerPoint PPT Presentation


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Lessons Learned Launching a Tech Company. 1.Don’t Over Extend Yourself. It will take longer than you think Always keep tracking runway. 2. Success Requires Lots of Luck. 300 Million Americans >280k Businesses in Ohio The best you can do is handicap your chances. Investors:

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Lessons Learned Launching a Tech Company

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Lessons Learned

Launching a Tech Company


1.Don’t Over Extend Yourself

  • It will take longer than you think

  • Always keep tracking runway


2. Success Requires Lots of Luck

  • 300 Million Americans

  • >280k Businesses in Ohio

  • The best you can do is handicap your chances


  • Investors:

  • They Aren’t Coming…Bank on It

  • Getting investment is hard

  • There is a reason Friends and Family Rounds Work


4. No Tricks to Securing Investments

  • Will your product/service work

  • Does anyone want it

  • How much will someone pay you for it

  • How predictable are your costs

  • How likely are you to ride out difficulties

  • How much luck is required (complexity)


5.Fake It ‘Till You Make It

  • Get to market as quickly as possible

  • Showcase your product and try to self fund


6.It is Never Too Late to Share Good News but it is Frequently Too Early


7.Clearly Define Success for Yourself

  • You need to be able to measure yourself

  • You need to be able to check out


8.Stay Focused on What’s Important

Making Money


Logo Apparel


10.Hire Carefully

  • Everyone thinks they want to be an entrepreneur

  • Friends make great hires….

    just know your friendship will change


So with All of Those Stresses Why Do It?

  • To follow your passions

  • To love what you do

  • To control your own destiny

  • Because what’s the worst that could happen?


Questions


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