SLIDE 1
Fast Failure; Fast Reward
Being a METS Startup
November 2016
Fast Failure; Fast Reward
▪Fireside Chat – Story so far ▪What mind‐set do you need? ▪What’s different about this market? ▪Fast Reward
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Being a METS Startup Fast Failure; Fast Reward November 2016 Fast - - PowerPoint PPT Presentation
Being a METS Startup Fast Failure; Fast Reward November 2016 Fast - - PowerPoint PPT Presentation
Being a METS Startup Fast Failure; Fast Reward November 2016 Fast Failure; Fast Reward Fireside Chat Story so far What mindset do you need? Whats different about this market? Fast Reward 2 Fireside Chat Clear
SLIDE 2
SLIDE 3
Fireside Chat
▪ Clear choice of business style (mind‐set difference) ▪ Theory of Market
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▪ Customer development‐discover real customer needs
SLIDE 4
Change of Mind Set
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Starting Out Old New
Bootstrap Retained Earnings Seed Government FFF VC & PE etc.
SLIDE 5
Change of Mind Set
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Failure Old New
Small steps Focus on What you know Avoid
- Neg. Cash Flow
Avoid Reputation Damage Take bold Positions Focus on what You don’t know Pivot; Pivot; Pivot Low growth is failure
SLIDE 6
Change of Mind Set
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IP Old New
Prioritise legal Defence Develop my
- wn IP
Prioritise speed to MVP Utilise proven technologies from
- ther industries
SLIDE 7
Change of Mind Set
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HR Old New
Hire domain experts Form quick alliances To figure something out Collaborate to achieve scalability Help others To learn what they Need to know
SLIDE 8
Change of Mind Set
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Customers Old New
Sell what I have Convince them its What they need Give customers what they want Figure out what they Want even if they don’t know.
SLIDE 9
What is the Mining Market
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SLIDE 10
Fast Reward
▪ Hockey Stick ▪ Sale of business ▪ Traction feels good
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SLIDE 11
Contact Details
▪Christian Larsen ▪christian@glassterra.com ▪+614 4863 1253 ▪Glass Terra Pty Ltd
11 GlassTerra Pty Ltd
SLIDE 12
Making innovation stick
introduce. integrate.
SESSION 1