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OVERCOMING FEAR, FINDING SUCCESS, AND BUILDING A MORE WOMEN-FRIENDLY STARTUP COMMUNITY
Lynn Yanyo Chem E ’81 ISBM De Novo Ground Practical Elegance
OVERCOMING FEAR, FINDING SUCCESS, AND BUILDING A MORE - - PowerPoint PPT Presentation
OVERCOMING FEAR, FINDING SUCCESS, AND BUILDING A MORE - - PowerPoint PPT Presentation
OVERCOMING FEAR, FINDING SUCCESS, AND BUILDING A MORE WOMEN-FRIENDLY STARTUP COMMUNITY Lynn Yanyo Chem E 81 ISBM De Novo Ground Practical Elegance First Question interested? Was it ever this? Todays Buzzwords Invention
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Was it ever this?
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Today’s Buzzwords
Invention Innovation Entrepreneurism Start-ups Incubators
How are these related?
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What really matters?
Invention – IP – Patents Innovation – truly new
Profit and Cash Flow
MAGIC HAPPENS
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What really happens
Prototype Customer Test Market Research
Idea
“Final” Prototype
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Then the real work…
Make it Market it Sell it Fix it
Capital $$$
Profit
Staffing Supply Chain Inventory Regulations Taxes
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And your biggest challenge?
Money + TIME
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What do we need in People?
- Idea Generators
- Prototyping
- Market Research
- Testing
- Customer interactions
- Investor interactions - Pitches
- Manufacturing
- Purchasing
- Marketing
- Financial Acumen
- Legal Acumen
Average Start-up has 3 People
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Question 2 – Jack or Team Builder
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Look inside Yourself
Motivation Capability
Lynn’s Theory on Risk Tolerance
Risk Tolerance
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Question 3 – Start or Join
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Joining? Do Due Diligence
- People
- Cash flow
- Plan flexibility
- Multiple markets
- Your personal needs
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Question 4 – interested?
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