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Lessons Learned Launching a Tech Company

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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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PowerPoint Slideshow about 'Lessons Learned Launching a Tech Company' - claire-crawford


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Presentation Transcript
slide1
Lessons Learned

Launching a Tech Company

slide6
1. Don’t Over Extend Yourself
  • It will take longer than you think
  • Always keep tracking runway
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2. Success Requires Lots of Luck
  • 300 Million Americans
  • >280k Businesses in Ohio
  • The best you can do is handicap your chances
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Investors:
  • They Aren’t Coming…Bank on It
  • Getting investment is hard
  • There is a reason Friends and Family Rounds Work
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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)
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5. Fake It ‘Till You Make It
  • Get to market as quickly as possible
  • Showcase your product and try to self fund
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7. Clearly Define Success for Yourself
  • You need to be able to measure yourself
  • You need to be able to check out
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10. Hire Carefully
  • Everyone thinks they want to be an entrepreneur
  • Friends make great hires….

just know your friendship will change

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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?
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