You've got a great idea, which might just change the world. You've been to a 'StartUp' event or two, Great, that's the very first of quite a few steps. And that's also where your challenges start.
Current 'Lean Startup' thinking says that you should
- Have a technical or coding background
- get a co-founder
- develop a proof of concept product
- find a worldwide scalable problem,
- apply for entry to an accelerator,
- build a 'minimum viable product' and iterate it often
- Finally,plan on spending the next 6 months pitching to Venture Capitalists, so that you can raise enough seed money to pay yourself $50k pa for the next three, in order to have a 1in 50 shot at a big exit.
What's wrong with this picture?
Well lots, but lets start with 4 things.
- Most of the people I've seen in accelerators are under 30, and don't have the same responsibilities and and obligations as you and I.
- This model is about a VC making long bets on the success of 1 or 2 startups in getting to the next stage, from a pool of often more than 10.
- The terms of funding are substantially skewed in favour of the funder, to the obvious disadvantage of the founders. -
- Funding is hard; its a buyers market; a V.C. will often see 1000+ pitches annually, and will write only 1-2 cheques p.a., and NEVER from a cold pitch.
So what are my alternatives?
"That StartUp Guy" is just right for the 30+ corporate professional, (who perhaps doesn't quite 'fit') possibly with a great idea, & wondering what to do next, and definitely looking for an 'escape plan'. Just like I was, 10 years ago.
So we aim to act as roadmap & a guide for what may lie ahead on the journey to freedom for the 'corporate escapee'.
As well, I'll share my learning from my own bold adventures in the quest for startup success. My stories, questions and answers are real - each & every one has come from my own experiences - to act as a beacon for those already on the journey.
My goal is to help you, by guiding you through the steps, and past the challenges and pitfalls, to turn that 'Great Idea' into reality, whether it's a business, a product, a service, an app, a referral, or just finding an answer to your specific problem.
My blog posts on the entrepreneurial mindset are growing, so via social media, share articles, or connect with me (should be a link somewhere around here, perhaps it's over on the right), discuss my blog posts, post comments and start conversations. You can soon subscribe to startup news updates, to receive a free gift of one of my upcoming books on startups or mobile ideas (we will never send spam to your e-??mail address or sell your information to any other party).
Explore the site, ask questions, seek guidance, and challenge my thinking if you must. And if you are in need of some help with a great idea, contact me and lets get a great idea started.
"Everything we enjoy in society is a direct result of the accumulated learning derived from millions of mistakes. No mistakes, no progress. Yet we still look at making a mistake as embarrassing, wrong, an act bordering on sin. If you're making mistakes, it means you're doing new things, taking risks, stretching yourself. You're growing, learning. And isn't the journey, the experience, not the destination, what life is all about?." -Robert White
After you've done a couple of startups (whether successful or otherwise), you quickly learn whether this is in your blood.
I'm not sure for me whether its thrill, risk, challenge, opportunity, or belonging that is the strongest motivator. After speaking with many other 'tribesmen', its pretty clear that all of these play a part in the decision of those of us that stay 'in the game'. For most of us, its something we were born to do.