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This presentation summarizes 8 common mistakes a startup can make that will prevent funding, or prevent success. I also present a model for organizing the information you find online and via seminars. It was originally presented at the F50.io conference on June 23, 2014. To learn more, come to our events in SF Bay Area. Signup for the newsletter and see the schedule at www.StartupReady.NET
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Presented at F50.io conference June 23, 2014
© StartupReady.NET
Stan Knutson was the technology leader behind two successful
startups, with combined exits of $85M and sales over $140M. He was
also part of a startup that failed to raise funding as well multiple other
startups that successfully raised funds. Mr. Knutson has been actively
studying the process of getting funded for more than 15 years. He
has two degrees from MIT.
StartupReady.NET is a premier content provider for EFactor and
delivers education and support to entrepreneurs through seminars,
one-on-one coaching and consulting.
EFactor.com is a platform for entrepreneurs. We provide inspiration
support and a network of over 1 million other entrepreneurs to help
you turn your ideas into successes.
70% of businesses fail within 3 years
Fund
Raising
Where fundraising goes wrong:
8 Common mistakes
Ingredients for Success
Common Mistakes: Team
Good but not Awesome TeamM
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T E A M
Insufficient “Relationship Capital”M
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T E A M
Common Mistakes: Market
Bad TimingM
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M A R K E T
Wrong Beachhead
within a large total addressable market
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M A R K E T
Common Mistakes: Business
Vanity Metrics / TractionM
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B U S I N E S S
Which is the right prediction?
Unproven Growth EngineM
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B U S I N E S S
Common Mistakes: Product
Not enough product validationM
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P R O D U C T
Where is the “WOW”?M
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P R O D U C T
Reasoning
Reasoning: Strategy
WHEN?
Reasoning: Execution
Reasoning: Execution
People
Reasoning: Execution
Operations
Range Finding + Pitch
Deliberate Practice is RequiredFrom
Deliberate Practice is RequiredFrom To
Deliberate Practice is RequiredFrom To Vision & Goal
If you want to learn more
about these topics
The first meetup about pitching will be on July 14, 2014
you can sign up now: www.EFactor.com/PitchForFunding
The first Skill Salon will be about fundraising, you can
preregister at StartupReady.NET
Both StartupReady.NET and EFactor.COM will be hosting
other events and have online resources.
For more information about upcoming events, check the
websites or email [email protected]
F
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Now Take Action
The 5+2 “Why’s” of being “lucky”:
How opportunity meets preparation
Why this product & market?
Why this team?
Why now?
Why can’t customers live without it?
Why will it scale from this beachhead?
Why will it make a lot of money?
Why will it make history?
The 5+2 “Why’s” of being “lucky”:
How opportunity meets preparation
Why this product & market?
Why this team?
Why now?
Why can’t customers live without it?
Why will it scale from this beachhead?
Why will it make a lot of money?
Why will it make history?
Preparation
Leads to Opportunity
Producing Luck
Vision
PitchingStrategy
Execution
Team
Market
Business
Product
