How to continue your StartUp after European Innovation Academy

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Transcript of How to continue your StartUp after European Innovation Academy

How to continue your StartUp after EIA10 Key Lessons

Christoph Trost christoph@learningplaces.net

@christophtro

Verena Maria Mai verena@learningplaces.net

@maiverena

Roger Kerse roger@learningplaces.net

First things first:No, we are not a couple.

LearningPlaces.net = TripAdvisor for Study Programs

✓ Launched LearningPlaces.net

✓ 10.000 users

✓ 1500 comments on study programs from 30 countries

✓ paying clients (universities)

✓ INITS accelerator program (Vienna)

✓ pivoted to UNIspotterApp.com

✓ completed Demo-Day

✓ received first funding ticket

UNIspotter = Tinder for Study Programs

TEAM. PROJECT.

TEAM. PROJECT.

1) Take a week to reflect

… do you want to continue in this team?

… do you want to continue with this project?

2) If yes: set up infrastructure

Cloud.

Communication Channels.

Regular (Skype-) Meetings.

3) Don’t forget the „Coffee Breaks“When you work remotely it’s more difficult but also talk about personal things…

Picture from Roger -> Birthday Greetings

… like digital birthday wishes to team members

… or bad hair days

4) Communicate through the ups & downs.

About the good things.

Tell each other when they

did something great.

About doubts you have.

Tell others if doubts about project/team/

yourself.

5) Create an „extended team“

Reach out to other startups.Circle of mentors. Keep them in the loop.

Christoph Richter Founder zoomsquare

Felix Dibelka Founder neukurs.com

Special Hack!

TEAM. PROJECT.

1st lesson

2nd lesson: Prototype & test continuously

New Features?

3rd lesson: Stay Flexible in Your Head

Gap = normally due to bad planning or bad execution.

But a StartUp requires that you learn and adapt on the way.

Sounds easy. It’s not.

4th lesson: FocusIf you feel overwhelmed (for longer time period) you

probably haven’t narrowed it down enough.

Two Magic Questions:

1. How long will it take to implement?2. How big is the value for the user?

5th lesson: Prioritize

You got a set of valuable tools, network of motivated people with diverse skills & you have been through (part

of) the process.