eevent sharing - comma
DESCRIPTION
The most important lesson that I learned during my tenure as Co-Founder of eEvent, IncTRANSCRIPT
Lesson Learned
@EdySulistyo, COMMA
Thursday, December 5, 13
Thursday, December 5, 13
ParkingHub
OW.com
iGenerator
DNOrganizer
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#1 Eat your own dog food
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“I don’t use it but others will” mentality
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Eat your own dog food means
= User= Domain Expert= Understand the problem= Know the potential solution= Passionate about the industry= Well connected
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“The average and median age of U.S.-born tech
founders [> $1 million in sales, > 20 employees] was
39 years old when they started their companies.
Twice as many were older than fifty as were younger
than twenty-five.” - Hacker News
The founders of the following companies were at least 35 years old when they started: Zipcar, Linkedin, Zynga, Twitter, Sales Force , Juniper Network, Wikipedia, GigaOm, TechCrunch, Netflix, Mozilla, Medium, Qualcomm, and many more!
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#2 Add more customers, not lines of code
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Founder is the best sales person in the company
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#3 Get a lot of data
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#4 Only raise funding when you’re ready
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So when is the right time to raise some capitals?
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• Customer acquisition cost < Customer lifetime value
• You need to get commitment from investor who happen to be the key channel
When...
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#5 Raise funding from the right investor
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@EdySulistyoCOMMA 11/14/2013
Thursday, December 5, 13