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STARTUP MYTH-BUSTING Jeremy Caplan, Director of Education, Center for Entrepreneurial Journalism, CUNY J- School Doug Jackson, President, Shared Vision Marking Harry Lin, Head of Business Development, IMDb/Amazon October 2013

New U at ONA in Atlanta : October 2013 : "Startup Mythbusting" : Presentation by Harry Lin, Doug Jackson, and Jeremy Caplan

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Do I need a business plan? Will my friends work for free? I’ll make money from advertising, right? Is it better to work at a failed startup than to never have worked at one at all? We’ll answer your questions, too. An interactive discussion at the NewU Startup Bootcamp at ONA.

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Page 1: New U at ONA in Atlanta : October 2013 : "Startup Mythbusting" : Presentation by Harry Lin, Doug Jackson, and Jeremy Caplan

STARTUPMYTH-BUSTING

Jeremy Caplan, Director of Education, Center for Entrepreneurial Journalism, CUNY J-School

Doug Jackson, President, Shared Vision Marking

Harry Lin, Head of Business Development, IMDb/Amazon

October 2013

NewU at ONA in Atlanta

Page 2: New U at ONA in Atlanta : October 2013 : "Startup Mythbusting" : Presentation by Harry Lin, Doug Jackson, and Jeremy Caplan

Jeremy Caplan

Doug Jackson

Harry Lin

YOUR SESSION GURUS

@FreshThinking1

@SuluPrime

@JeremyCaplan

Page 3: New U at ONA in Atlanta : October 2013 : "Startup Mythbusting" : Presentation by Harry Lin, Doug Jackson, and Jeremy Caplan

3

WHO’S IN THE

ROOM?

Rule #7: Don’t Get Into A Bad Marriage

Page 4: New U at ONA in Atlanta : October 2013 : "Startup Mythbusting" : Presentation by Harry Lin, Doug Jackson, and Jeremy Caplan

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TYPES OF ENTREPRENEUR

SHIP

Rule #7: Don’t Get Into A Bad Marriage

5

Page 5: New U at ONA in Atlanta : October 2013 : "Startup Mythbusting" : Presentation by Harry Lin, Doug Jackson, and Jeremy Caplan

5

LIFESTYLE

SMALL BUSINESS

SOCIAL GOOD

CORP INNOVATION

EQUITY SCALABLE

Page 6: New U at ONA in Atlanta : October 2013 : "Startup Mythbusting" : Presentation by Harry Lin, Doug Jackson, and Jeremy Caplan

LIFESTYLE

SMALL BUSINESS

SOCIAL GOOD

CORP INNOVATION

EQUITY SCALABLE

CAPITAL:VC & ANGEL

FASTGROWTH

NON-PROFIT

✓ ✕ ✕

✕ ✓ ✓

✕ ✕?

✓ ? ?✕ ✕ ✕

Page 7: New U at ONA in Atlanta : October 2013 : "Startup Mythbusting" : Presentation by Harry Lin, Doug Jackson, and Jeremy Caplan

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TOP FIVE STARTUP MYTHS

Rule #7: Don’t Get Into A Bad Marriage

5

Page 8: New U at ONA in Atlanta : October 2013 : "Startup Mythbusting" : Presentation by Harry Lin, Doug Jackson, and Jeremy Caplan

☣ I’ll make money through advertising!

☣ People want what I’m selling!

☣ People will work for free for me!

☣ No one has ever done this before!

☣ This’ll be fun! I’ll balance work/life!

Page 9: New U at ONA in Atlanta : October 2013 : "Startup Mythbusting" : Presentation by Harry Lin, Doug Jackson, and Jeremy Caplan

RESOURCES

Page 10: New U at ONA in Atlanta : October 2013 : "Startup Mythbusting" : Presentation by Harry Lin, Doug Jackson, and Jeremy Caplan

BOOKS

The Lean Startup. Eric RiesThe Startup Owners Manual. Steve Blank

BLOGS

Jeremy Caplan’s Quora (bit.ly/ejboard)GigaOmAllThingsD

TOOLS

Business Model CanvasFounderDatingCoFounders Lab

VentureBeatTechCrunch

PandoDailyPaul Graham

Angel ListMeetupsBiz Mod Toolbox

Page 11: New U at ONA in Atlanta : October 2013 : "Startup Mythbusting" : Presentation by Harry Lin, Doug Jackson, and Jeremy Caplan