Killing your darlings
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Transcript of Killing your darlings
Kenneth HellemSeed Nordic - Startup Factory [email protected] Twitter: kenneth.hellem
Killingyour darlings
LSC Meetup - Zagreb March 31, 2015
Co-working spaces Incubators & accelerators Inspiration & knowledge
But the environment is only part of the answer…
I DEA
+
TEAM
What I’ve learnt from pre-seed investing
It’s impossible to predict the success of an idea (But most likely it will fail…)
It’s more fun to build stuff, than to invest
A rockstar team can go far with any idea (Don’t be afraid to pivot or completely change ideas…)
Idea Generation (~1 day)
Market Validation (4-‐6 weeks)
Venture Development (3-‐4 months)
“Market research” Network validation
Team gut-‐feel
Concept development MVP / Prototype Market validation
Business model & plan
Product development Customer development Generate first revenue Raise seed investment
Incorporation Hire team
Scale Business Raise A-‐Round
The Pivot Seed Nordic, Startup Factory