#177

The Founder

Tuesday, April 21st 2020, 10:59:23 pm

Startup Accelerators

There are two leading Startup Accelerators in US. Y Combinator
and Techstars.

What is Y Combinator?
What is Y Combinator?
How and Why to Start A Startup - Sam Altman & Dustin Moskovitz (44 minute lecture)
How and Why to Start A Startup - Sam Altman & Dustin Moskovitz (44 minute lecture)
Investors Are Waiting

Y Combinator created Requests for Startups, a list of startup ideas
they are waiting for. It includes Enterprise Software, Financial Services,
Programming Tools, and Computer Security to name a few.

YC Partner AMA at the Female Founders Conference
YC Partner AMA at the Female Founders Conference
Fundraising Advice from Female Founders
Fundraising Advice from Female Founders
The Most Important Decision is Getting Started – Laura Behrens Wu
The Most Important Decision is Getting Started – Laura Behrens Wu
Mariya Nurislamova, Founder of Scentbird at the Female Founders Conference
Mariya Nurislamova, Founder of Scentbird at the Female Founders Conference
Emily Weiss on the Insights That Grew Glossier - With Amy Buechler at the Female Founders Conference
Emily Weiss on the Insights That Grew Glossier - With Amy Buechler at the Female Founders Conference
What is Techstars?
What is Techstars?
What Techstars Gave Me - Founder Stories
What Techstars Gave Me - Founder Stories
Mary Haskett, Founder of Blink Identity
Mary Haskett, Founder of Blink Identity
Sky Kelley, Founder of Avisare
Sky Kelley, Founder of Avisare
Quote by Sun Tzu

Victorious warriors win first and then go to war, while defeated warriors
go to war first and then seek to win.

Sun Tzu
Mastery of Subject

What Sun Tzu hoped we understood was this: "Victorious warriors, master the
sword before the battle; while defeated warriors hope to learn how to use
the sword during their first sword-fight."

Creating a tiny company with a winning product, even without filling out
any paperwork. Will give you all the tools you need to sit down with an
Accelerator, or your first investors and show them the relationship between
advertising budget, number of developers, and product sales.

What may feel intimidating when all you have, is an idea; will become
energizing, and empowering when you have some sales to show for it.

It Is a Big World

Large Startup Accelerator acceptance rates are between 1% and 3%, but there
are many more smaller ones.

Remember, you and your investors are connected. They make money, when you
make money. Armed with a winning idea you already covered a great deal of
distance towards success.

Good Ideas

A good idea, already has desperate customers searching for a way in.

Google Ads is a Good Idea. Every business person on the internet needs to advertise to get customers to come over. Google has a unique position where many people come to visit its pages, thus they can display ads; they have an advertising network. They have something everybody needs the moment they are ready for their first sale.

Squarespace or similar, is another great idea. It is a website that can generate a start-up website, based on some screenshots and text. Every start-up has screenshots, and no time to work on the website.

Wrap Bootstrap: User Interfaces are hard. Having your team create a powerful computer program is one thing, but making it look nice; is another. This is why theme websites make sales. They have all the code, with all the colors and fonts matching, and it saves so much work to focus on the program and have the UI snippets ready.

Parse, because saving data, is huge. When developing applications you need User Accounts, but also some place to store information. Parse has been Open Sourced, and all of the code is available here: https://parseplatform.org/

Danger

Learning Programming to begin creating such marvels, will also destroy
the pillars behind them; as the languages twist them to meet your own
deadlines.

Sitting down to build your program, and invent it too, is only good for
research, and not for meeting serious implementation goals or deadlines.

You must separate yourself from the implementation (of which, in the end,
there may be many).

You must become the leader, the protector of your vision. And lead - that's
right - lead your team to victory.

Source of Ideas

The best source of ideas, is a list of Winning Companies.

Investors Requesting for Startups.

List of mergers and acquisitions by Alphabet.

Profit Hunt (a play on Product Hunt) has many smaller ideas along with Monthly Recurring Revenue (MRR).

The Founder

#177: The Founder

Tuesday, April 21st 2020, 10:59:23 pm

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