lean startups & micro ideas

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Greg Winn & Jim Mayes's talk from Future Insights Live 2014 in Las Vegas: "Last years FI Live "App it out" winners are back to share their experiences in making it in the start-up world. The talk will discuss topics such as creating little to no over heads to, why they removed managers." Miss their talk? Join us at a future show: www.futureofwebapps.com. Sign up for our newsletter at futureinsights.com and get 15% off your next conference.

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Page 1: Lean Startups & Micro Ideas
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Lean startup & Micro Ideas FI Live Las Vegas

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Who the hell are these guys?

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Greg Winn (@gregwinn) Co-Founder of Cignal

Jim Mayes (@jimmayes) Co-Founder of Cignal

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*Not public speakers

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So why are we here?

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FututeInsights 2013 App It out Winners (Reigning World Champions)

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Our BIG idea Notice, we did not say our “micro” idea.

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People react more than they act.

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gist.github.com/gregwinn/f179a4b21166f29523ab

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(Insert montage here) all the real work happens

during a montage

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Cignal

So what is it?

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Market Sentiment

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Institutions do it ●  Thomson Reuters ●  Bloomburg ●  Derwent Capital

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Derwent Capital ●  Derwent Capital in the UK discovered the predictive power of Twitter

Sentiment as it pertained to the overall stock market. ●  Derwent started a hedge fund using their sentiment technology. (Absolute

Return Fund) ●  It beat the market in its first month, then was quietly and mysteriously

disbanded.

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No money mo’ problems But what about the individual investor? ●  No clear indicators ●  No trusted sources ●  'Expert' opinions are often uninformed,

ambiguous, or manipulative

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We want to change all this!

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Cignal is for EVERYONE Cignal is for individuals who: Make hundreds of trades per month Trade once per month Only trade once each year Make one single trade EVER. Insight gained from Cignal can help any trade made.

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Cignal really is for Everyone! It’s the first serious social sentiment application aimed at leveling the investing playing field for individual and professional investors alike. Cignal’s predictive ability, pricing structure, and intuitive functionality make it essential for anyone making an informed investment decision.

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Turning Cignal into a business

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Lean Startup Lean? LOL… more like skin and bones

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Lay of the land ●  No Budget ●  Ton of work ●  Way to many Assumptions

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Money? We take checks...

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Money? ...cash is better.

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So much work Remove the blocks and keep it simple

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Getting to work ●  Putting off decisions until they need to be made. ●  Doing what we need now, and nothing more. ●  Focusing on the MVP.

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Micro Ideas All the voices in your head.

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Our “micro” idea

lnkdto.com

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Building Lnkdto ●  MVP in a week, first sale in two. ●  First sale funded operations for more than 2

years. ●  Second sale was pure profit.

lnkdto.com

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Why? ●  Filled a Market Need ●  Extremely low effort ●  The profit fed Cignal

lnkdto.com

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You can do it! You are a unique and special snowflake

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What’s next?

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Cignal.it

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Twitter / Email Greg Winn - @gregwinn

[email protected]

Jim Mayes - @jimmayes [email protected]

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Fax: LOL

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Thank you! Questions? Comments?

cignal.it

Greg Winn (@gregwinn) | Jim Mayes (@jimmayes)