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My Startup Learnings (or mistakes I did while trying to create a company)
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My Startup Learnings(or mistakes I did while trying to create a company)
Robert Pohl - @robertpohlrobert@mondido.com
About me
• Nerd
• Developer
• Entrepreneur
• Doer
Mondido Payments
• CEO and Co-Founder of Mondido Payments
• Global data-driven payment service
• 1.5 Years of development
• Went live Sept 3, 2014
Learning # 1
• What’s the problem?
• Who has the problem?
Build and they will
come+
No validation=
Fail
Normal process is like
ConceptProduct
developmentAlpha/Beta Launch
Get customer validation!
ConceptProduct
developmentAlpha/Beta Launch
Who has this problem?
What do they say about the solution?
Will they use it?Pay for it?
How do we get ppl to pay for it?
Learning # 2
• Team
Two is good
Two is good
Developer Everything
Three is better
Developer Everything Developer
Design Financial Architecture
Sales Sales Sales
Learning # 3
• Execution
– Reid Hoffman, LinkedIn co-founder
“If you are not embarrassed by the first version of your product, you’ve
launched too late.”
Dangers in Distractions
• Competitions (it rarely validates your business idea)
• Partners (the company between you and your customers)
• Meet-ups etc. (you should launch, not listen to people like me)
• Techcrunch (mostly it makes you feel like a looser)
• Investor meetings (they won’t invest in you. Probably.)
Have a boss!
Make it happen
• Sell (no, I mean it. Sell it early!)
• Find early adopters (ambassadors)
• Join Accelerators, Co-Working spaces (SUP46, STING FFW)
• Launch fast, Learn fast
• Get some extra cash (ALMI, Vinnova, FFF)
Phew…
Whats the difference between a successful entrepreneur and an unsuccessful one?
The successful entrepreneur didn’t give up.
The successful entrepreneur didn’t give up.
Remember to have funRemember to enjoy
Remember to live your dream
Thanks!
We’re Hiring!
Backend Developers
RailsAWS
SecurityPerformance
Frontend Developers
HTMLJS
Responsive UI’sDashboards
Robert Pohl - @robertpohlrobert@mondido.com
Meet us @ Dreamhack!
Europes biggest Hackaton
Sept 26-27
Well be sponsoring the Payment competition
http://www.dreamhack.se/stockholm14/hackathon/
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