ST Management, SUCCESS, Strategy, Market-Product Fit, Cases, Tips

By pjain      Published July 28, 2020, 6:27 p.m. in blog Startups   

Startup SUCCESS, Strategy, Market-Product Fit

Failure Modes, Lessons on Down-Spin Cycle

ST Management 101

TOC Startup Success Factors

Key factor for success is Timing per Bill Gross

Timing 42% - are consumers ready for the idea

Team 32%

Idea "Truth" as DIFFERENT/Outlier - 28%

  • Be DIFFERENT! BOLD, NEW, UNIQUE - successful people find value in unexpected places - no simple formula. Next Bill Gates will not do OS, next Larry Page will not do search engine, next Mark Zuckerberg wont do a SN. - Peter Thiel zero to one
  • Thiel fund focussed on "college dropouts" with great ideas, little tech prototypes - throw mud at the wall but on promise!

Business Model - 24% but can add or pivot it

Funding - 14%

Cases

  • Huge Successes
  • AirBnB - came out in recession - got past resistance of hosts to rent out their home
  • IG -
  • Uber -
  • YT - great timing as
  • LI -

  • Huge Failures despite massive funding

  • WebVan
  • kozmo
  • pets.com
  • flooz
  • friendster

Resources

TOC Reasons for failure in Startups

TOC Startup Promoters > Accelerators > Incubators

Founders Fund

  • Peter Thiel, cofounder in 2005 along with PayPal partners Ken Howery and Luke Nosek.

under 20,30 Funding

Thiel Fellowship

  • Thiel Foundation - overall umbrella for grant-making bodies and Thiel Fellowship,

    annually awards $100,000 to 20 people under the age of 23 in order to spur them to drop out of college and create their own ventures. Well received even by universities like MIT - saying students would be able to return to MIT to resume their studies after completing the two-year term of the fellowship if they so desired.

  • BUT 2013, Vivek Wadhwa wrote that the Thiel Fellowship had failed to produce any notable successes to date, and even its limited successes were instances where the Thiel Fellows were working in collaboration with more experienced individuals.

  • Top Successes by impact

  • Ritesh Agarwal - Founder & CEO of OYO Rooms, considered as the youngest self-made billionaire.
  • Vitalik Buterin, co-creator of Ethereum.

  • Notable for Disrupting

  • Boyan Slat, founder and CEO of The Ocean Cleanup
  • Adam Munich, an experimental physicist currently working to mobilize radiography.
  • Benjamin Yu, founder of Sprayable and creator of Sprayable Energy and Sprayable Sleep.
  • Cathy Tie - Founder of Ranomics and Partner at Cervin Ventures
  • Dale J. Stephens, founder of UnCollege, a social movement that aims to change the notion that going to college is the only path to success.
  • Eden Full, founder of Roseicollis Technologies, and inventor of a solar panel tracking system called SunSaluter.
  • James Proud, founder of the failed company Hello and creator of Hello Sense, a personal sleep tracker.
  • Taylor Wilson, the youngest person to produce nuclear fusion.
  • Lucy Guo - founder of Scale AI, a data provider for AI applications

Peter Thiel

  • Paypal
  • Facebook - first outside investor 10% for $500k in Aug'2004, sold majority for $1b in 2012, on board
  • Oyo hotels
  • Palantir Technologies - launched 2004, served as chairman through 2019
  • Be DIFFERENT! BOLD, NEW, UNIQUE - successful people find value in unexpected places - no simple formula. Next Bill Gates will not do OS, next Larry Page will not do search engine, next Mark Zuckerberg wont do a SN. - Peter Thiel zero to one
  • Thiel fund focussed on "college dropouts" with great ideas, little tech prototypes - throw mud at the wall but on promise!
  • 1996 He founded Thiel Capital Management.
  • 2002 Clarium Capital - global hedge fund, SFO
  • 2005 Founders Fund cofounder with PayPal partners Ken Howery and Luke Nosek.
  • 2010 co-founded Valar Ventures
  • 2010+Thiel Fellowship - Thiel Foundation was overall umbrella for grant-making bodies
  • 2012 co-founded Mithril Capital, serving as investment committee chair
  • 2012 Breakout Labs - science startups - 3Scan tissue imaging , 2015 to 2017 served as a partner at Y Combinator

Idealab, LA - across CalTech

  • Bill Gross, CEO started post Netscape to leverage FAST web trend
  • Over 18 years 125 companies - raised $3.5b VC, created 10,000+ jobs

    • 40% 50 failures
    • 36% 45 exits - 7 or ~5% >$1b exits
    • 25% 30 still operating in 2015
  • First 12 ideas in 1996 - 5 failed fast, 7 raised money, 2+ great success

    • answers.com
    • eToys.com
    • shopping.com
    • citySearch.com
    • Tickets.com
    • Cooking.com
    • PeopleLink
    • Bizlets
    • SmartGames
    • IdeaMarket
    • CareerLink
    • VisualPlanet

YCombinators

  • Sam Altman, President of Y Combinator

ST Management Tips

SME Tips

ST lists of Rules

Book: Straight Talk for Startups

Innovation inside Large Companies

Startups Lessons from the Masters

Lean Startup Sequence

  • Eric Ries, author of The Lean Startup

VCs PoV, Lessons

Straight Talk for Startups, Komisar, Jantoon Reigersman. Komisar, a partner at Kleiner Perkins a major VC firm has put decades of experience in this book.

Mark Cuban

  • 12 Rules for Startups. Book SRC: How to Win at the Sport of Business: If I Can Do It, You Can Do It Diversion Books, 2011
  • Mark Cuban search on youtube
  • ABC's TV show Shark Tank where Cuban and other investors evaluate startup pitches

Founders PoV - Keeping Control yet Succeeding

Dilution impact

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Startup Cases

Insider Stories in Silicon Valley

Careers in Silicon Valley Startup Tips

  • Insider Knowhow - What you Negotiate, What you Keep

Startups' Rat Race

Cases and Insider Secrets

Silicon Valley Life and Realities

Personal Lifestyle in Silicon Valley

Winner Takes All

Inequality of Rewards

Governance, Keeping Control Hacks, Legal and Regulation

Governance - Control tricks beyond ownership percentage

Control by the Founders of Outside World

Manipulation by the Founders of Outside World

Regulation and Political Lobbying

RSUs, Diversifying and Tax Management for Startup Shareholders, Employees


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