Start up Ideas
Talking to potential customers to learn what they need.
What is customer discovery
Getting money from friends and family before getting it from outside investors is called what?
What is seed funding?
What is personal credibility (or founder’s connection to the problem)?
A founder’s story should show why they are the right person to solve the problem.
Identifying a problem or unmet need in a market where you could provide a
solution.
What is coming up with an idea?
What is the difference between a leader and a boss?
a boss hears, a leader transforms; a boss speaks, a leader connects
hanging your product or target market after learning what works.
What is a pivot?
Early stage of funding that gives investors equity in exchange for small investors from many people
What is crowdfunding?
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This skill helps founders connect with customers, investors, and employees by sharing authentic experiences.
What is storytelling good for?
The phase where you test the demand for your idea by doing market and
competitive research.
What is opportunity evaluation?
Self awareness, respect, compassion, vision, communication, learning agility, collaboration, influence, integrity, courage, gratitude, resilience, etc.
What are good qualities of leaders?
Making small changes to improve your product over time.
What is iterating?
Using your own money and resources instead of outside investors
What is bootstrapping?
A brief presentation that gives potential investors or clients an overview of your business plan, products, services and growth traction.
What is a pitch deck?
In this stage you prepare your strategy, plan, and finances for launching the
venture.
What is planning?
Point to long term goals; proactive communication; clearly, etc.
Leadership question
How can leaders communicate properly?
Using real data to measure success instead of just opinions.
What are actionable metrics?
Short-term financing taken between formal funding rounds (like between seed and Series A) to keep operations running.
What is a bridge round?
A brief, persuasive speech that you use to introduce yourself, your product, or your company witch also provides a short overview of your own background and experience.
A brief, persuasive speech that you use to introduce yourself, your product, or your company witch also provides a short overview of your own background and experience.
What is an elevator pitch?
This step is where you choose a legal entity (LLC, corporation, etc.), registering,
obtaining tax IDs, licensing, and making the business official on paper.
What is company formation / launch?
Communication, conflict resolution, change management, decision making, crisis management, feedback and resolution, motivation
What are the challenges of being a leader?
A simple version of your product to test ideas quickly.
What is a prototype?
A document that says the terms and conditions of a persons investment and investor rights.
What is a term sheet?
To stand out to investors, your story should highlight what sets you apart from competitors.
what is a unique value proposition?
A document that helps you map out your business structure, financial projections,
market strategy, and is used to attract partners or funders.
What is a business plan?
Self care, clarify roles, develop priorities, be proactive, lead authentically
How to overcome leadership issues?