How to continue your StartUp after European Innovation Academy

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How to continue your StartUp after EIA 10 Key Lessons Christoph Trost [email protected] @christophtro Verena Maria Mai [email protected] @maiverena Roger Kerse [email protected]

Transcript of How to continue your StartUp after European Innovation Academy

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

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LearningPlaces.net = TripAdvisor for Study Programs

✓ Launched LearningPlaces.net

✓ 10.000 users

✓ 1500 comments on study programs from 30 countries

✓ paying clients (universities)

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✓ INITS accelerator program (Vienna)

✓ pivoted to UNIspotterApp.com

✓ completed Demo-Day

✓ received first funding ticket

UNIspotter = Tinder for Study Programs

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TEAM. PROJECT.

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TEAM. PROJECT.

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1) Take a week to reflect

… do you want to continue in this team?

… do you want to continue with this project?

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2) If yes: set up infrastructure

Cloud.

Communication Channels.

Regular (Skype-) Meetings.

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

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Picture from Roger -> Birthday Greetings

… like digital birthday wishes to team members

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… or bad hair days

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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.

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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!

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TEAM. PROJECT.

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1st lesson

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2nd lesson: Prototype & test continuously

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New Features?

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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.

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

probably haven’t narrowed it down enough.

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Two Magic Questions:

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

5th lesson: Prioritize

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

of) the process.

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