how_to_start_up_a_startup
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how_to_start_up_a_startup [2019/02/28 11:35] admin |
how_to_start_up_a_startup [2019/06/06 09:34] admin |
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| * How much you care about giving your investors a decent return? | * How much you care about giving your investors a decent return? | ||
| * Learn the basics of seed funding (not forgetting SEIS/EIS): | * Learn the basics of seed funding (not forgetting SEIS/EIS): | ||
| - | * Look at [[https://www.seedrs.com/signup?promo_code=UKORPWV0|Seedrs]], [[ https://www.crowdcube.com|Crowdcube]] and the like | + | * Look at [[https://www.seedrs.com/signup?promo_code=UKORPWV0|Seedrs]], [[https://www.syndicateroom.com|SyndicateRoom]], [[ https://www.crowdcube.com|Crowdcube]] and the like |
| + | * Get to know the site | ||
| + | * Get to know what makes a strong pitch | ||
| + | * Get to know common themes (apps, chips, bikes, etc) | ||
| + | * Invest small amounts over years | ||
| * Look at grants (e.g. SMART grants from Innovate UK) | * Look at grants (e.g. SMART grants from Innovate UK) | ||
| * Write a short, easily digestible business plan (if your idea is good it will be rapidly out of date) | * Write a short, easily digestible business plan (if your idea is good it will be rapidly out of date) | ||
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| Things to remember/read: | Things to remember/read: | ||
| * It will be a rollercoaster, scary and exhilarating. "If everything seems under control, you're not going fast enough." | * It will be a rollercoaster, scary and exhilarating. "If everything seems under control, you're not going fast enough." | ||
| - | * People are a pain, more people means more pain. You may think you are starting a tech company, you're not, it'll all be people management. The larger you are the harder it is to innovate, so get the foundations right before you scale the people. | + | * Managing people is a huge overhead. You may think you are starting a tech company, you're not, it'll all be people management. The larger you are the harder it is to innovate, so get the foundations right before you scale the people. |
| * [[https://venturebeat.com/2011/03/15/reid-hoffman-10-rules-of-entrepreneurship|Reid Hoffman’s 10 rules of entrepreneurship]] | * [[https://venturebeat.com/2011/03/15/reid-hoffman-10-rules-of-entrepreneurship|Reid Hoffman’s 10 rules of entrepreneurship]] | ||
| * [[https://realbusiness.co.uk/mike-lynch-autonomy-founder-dont-do-things-properly|Don't do things properly]] | * [[https://realbusiness.co.uk/mike-lynch-autonomy-founder-dont-do-things-properly|Don't do things properly]] | ||