Sergiu Nagailic

Also known as: Nikro

Healthy direction of a startup

How to overcome Moldovan mentality

What will I talk about

  1. What's a Startup?
  2. Startup vs Business
  3. Tools for us
  4. Moldovan mentality
  5. How to grow (all domains)

A startup is a company working to solve a problem where the solution is not obvious and success is not guaranteed

Startup is a state of mind

A company five years old can still be a startup

A startup is a temporary organization used to search for a repeatable and scalable business model

A 'startup' is a company that is confused about:

 

- What its product is.

- Who its customers are.

- How to make money.

 

As soon as it figures out all 3 things, it ceases being a startup and becomes a real business.

 

Except most times, that doesn't happen.

Our expectations

Expectations

vs

Reality

Reality: tons of problems

  • Wrong co-founder
  • Bad MVP
  • Wrong Business Model
  • Poor Team Management
  • No Cash
  • Problems with the Product
  • Mentality & Motivation
  • Tons of other...

We're lucky there are tools!

Getting a Co-founder

  • Business Networking Events (like speed-dating)
  • Startup Weekends
  • Hackathons
  • Social Innovation Camp
  • Other code-related events (camps)
  • Local Developers Meetups
  • Someone from your own domain
  • Someone you have already worked with

MVP

  • Prototypes w/ Twitter Bootstrap / Foundation
  • Landings
  • Mailchimp subscriptions
  • Focus Groups
  • Surveys
  • Social Media

Business Model Canvas

Team Management

that's a pain

  • PM Tools: Asana, RedMine, PivotalTracker, etc.
  • A certain structure in your team
  • A strong synced team
  • * Minimal Team

No cash?

  • Use coffee shops
  • Friends & Family (& Fools)
  • Coworking Spaces
  • Open Source, duh!
  • Travel, people like you are everywhere.

What about the Product?

  • Use MVP
  • Validate your Product
  • Research the Market
  • Use Agile / Scrum, etc.
  • Pivot, pivot, pivot! (learn to let go)

Mentality & Motivation

* This is just 1 fly ticket away (and 13h of flying)

So, how do we grow?

Lean Startup: BML

the BIG picture

SWMD
Accelerator
Company

Inception

  • Startup Weekend (any)
  • Generator
  • Hackathon
  • Social Innovation Camp

Grow

  • Accelerators
  • Incubators
  • Alone

Shine

  • On-your-own
  • Investors: angels & VCs
  • Grants (?)
  • Expenssion 

Exit

  • Sell
  • IPO
  • Merge & Acquisition
  • Cash Cow
  • Close

Tips

  • Don't focus on Moldova (or any other country)
  • You are not locked, it's an open world
  • Learn, never stop learning, whether it's IT, design, concepts, ideas, non-technical stuff, news
  • Stay informed (techcrunch, venturebeat, etc.)
  • Be activeexperiment
  • You are your only limit
  • Never settle (stay "hungry")

Questions?

Healthy direction of a startup

By Sergiu Nagailic

Healthy direction of a startup

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