how to win startup weekend

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Startup Weekend Spokane November 13th - 15th, 2015 Marsh Sutherland StartupWeekend Co-organizer StartupWeekend Bootcamp

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Page 1: How To Win Startup Weekend

Startup Weekend Spokane November 13th - 15th, 2015

Marsh Sutherland StartupWeekend Co-organizer

StartupWeekend Bootcamp

Page 2: How To Win Startup Weekend

Agenda

• Friday night pitches - 1 minute

• Lean Canvas to develop your startup idea

• Sunday afternoon pitches - 5 minutes

Page 3: How To Win Startup Weekend

About meMy name is Marsh Sutherland

• Spokane native. Former Boston tech entrepreneur

• Brought StartupWeekend to Spokane in 2012 with Brett Noyes

• Founder of 6 tech startups. Sold 2.

• 2-time SXSW Startup Showcase Accelerator Finalist

• 4-time MassChallenge Startup Accelerator Semi-Finalist

• Former AngelHack Boston Organizer & Microsoft BizSpark Solution Evangelist

• Pitch judge for MassHack & Princeton alumni startup pitches

Page 4: How To Win Startup Weekend

Who are you?• Name?

• Business idea?

• Expectations from this seminar?

Page 5: How To Win Startup Weekend

Friday Night Pitches• You only have 1 minute….

• “Hi, my name is ______ & my startup is _________”

• Problem - Tell a user story “Rob is frustrated because…”

• Solution - Tell a user story “Rob learned about …”

• How it works - Tell a user story

• Your impressive background and/or “why you care” for an emotional connection

• What team member profiles you are looking for • “Tech stack” developer

• Marketer

• UI/UX Designer

Page 6: How To Win Startup Weekend

Lean Canvas

Areas of FocusProblem Solution Key Metrics Unique Value Proposition

Unfair Advantage

Channels

Customer Segments

Cost Structure

Revenue Streams

Page 7: How To Win Startup Weekend

Lean Canvas Template at https://docs.google.com/drawings/d/

1h47KVLjkUdEazpgi-6KAe1jpZx3AIpVaR3RUJxDfYOU/edit?usp=sharing

Page 8: How To Win Startup Weekend

SW Spokane Judging Criteria

Page 9: How To Win Startup Weekend

Business ModelHoly Grail: Is this innovative & disruptive in a big market?

• Can this idea make money?

• Is there positive customer growth or revenue?

• Is there a customer acquisition / rollout strategy?

• Has a revenue model been defined & is it realistic?

• Is the idea/team ready for capital and execution?

• Would you invest in this company at this point?

Page 10: How To Win Startup Weekend

Customer ValidationHoly Grail: Did you get users or paying customers?

• Did the team identify customers (demographic, location etc)?

• Did the team get out and talk to customers? See Elizabeth Yin’s Slideshare at http://www.slideshare.net/dunkhippo33/lean-startup-circle-boston-april-28-2011

• What is the value proposition to customers?

• What channels of communication are used?

• How is the Product/Market fit?

Page 11: How To Win Startup Weekend

Technical - Execution

Holy Grail: Did you launch???

• Is there a functional product (e.g.in the case of an app, did they build one)?

• Which services did they integrate with?

• How much of the product is running on a real server with non-sample data?

Page 12: How To Win Startup Weekend

Design - ExecutionHoly Grail: Does it have an intuitive & professional look and feel with an obvious value proposition?

• Does it deliver a compelling and captivating user experience?

• Is it memorable?

• What key insights were gathered over the weekend to go in this creative direction?

Page 13: How To Win Startup Weekend

Sunday Final Pitches• Slide 1: State the problem in a user story

• Slide 2: State your solution in a user story

• Slide 3/Demo app: SHOW How It Works (Execution & Design)

• Slide 4: Explain your Customer Validation & rollout strategy. If you have customers, give metrics

• Slide 5: Explain how big your market is & how you will beat competitors

• Slide 5: Explain your Business Model

• Slide 6: Tell about your team & backgrounds

• Slide 7: Explain your next steps & future milestones

Page 14: How To Win Startup Weekend

Questions??Contacts:

Marsh Sutherland, @marshsutherland

[email protected]

(617) 999-9211

Ryan Arnold

[email protected]