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.
1.IDEA
1.IDEA
2.BUILD A TEAM
3.MVP/Proof of CONCEPT
4.RAISE FUNDS
4.RAISE FUNDS
5.Scale
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
StartupS
By Samarth Bansal
