STARTUP-101

Introduction to Entrepreneurship


"Stay Hungry. Stay Foolish!"




Samarth Bansal
Lead Developer, m.Paani 

NOTE


The crazy world of startups is full of cliches!

"Change the world and make it a better place"
"Disrupt"
"Pivot"
"Blah..blah...blah..."

STARTUP 101 is not about that. For sure. 
Every thing conveyed comes from a first hand startup experience. 



"Everything around that you call life was built by people no smarter than you!" 


Meaning!



WHAT IS.. 

Entrepreneurship?
STARTUP?



{{ANSWER?}}

IIT Kanpur


 


These are good places to work. But please, don't idolize them!
Take a step back and think. 





STARTUPS ARE NOT BACKUPS!





WHY STARTUP?






MISCONCEPTIONS



1. First STEP IS TO RAISE FUNDING!



LOL!



2. BUSINESS IS TRIVIAL. NEED A HACKER!



I MEAN, SERIOUSLY?



3. ITS ALL ABOUT THE IDEA!



WAKE UP SID. 



4. STARTINg-UP IS ABOUT BEING RICH



GO, JOIN A FINANCIAL FIRM!



5. THAT PRODUCT ALREADY EXISTS


SO?



6. SMART + HARDWORKING = SUCCESS



PATIENCE. PERSISTENCE. PASSION. 

7. BEING YOUR OWN BOSS



VIDEO BREAK : CRAZY ONES!




There Is No FRAMEWORK TO BUILD A COMPANY


But lets attempt to simplify the process. 
Lets Simplify. 

1.IDEA

2.BUILD A TEAM

3.MVP/Proof of CONCEPT

4.RAISE FUNDS

5.Scale

Again, this is over simplified for novices. Startups are not this easy!

EXPLORE SECTORS!


SaaS, Big Data, Education, Healthcare, Energy, Embedded Systems, Retail, Financial Inclusion, m-Commerce 

Read. Read a lot. 

Essays of Paul Graham. 
Techcrunch. YourStory. 



BUILD A CORE COMPETENCY!

Entrepreneurship at IIT Kanpur


E-Cell Events
Alumni Meets
Competitions
STARTUP-101/Campus Entrepreneurs Group
Professors/Peers
Campus Problems


ENTREPRENEURSHIP 

is living a few years of your life like most people won't,
to spend the rest of your life like most people can't. 



THANK YOU!

Drop me a line at samarthb@iitk.ac.in.
Would love to chat about startups over a cup of coffee! :)


ESUMMIT 2014