OVERCOMING FEAR, FINDING SUCCESS, AND BUILDING A MORE - - PowerPoint PPT Presentation

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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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OVERCOMING FEAR, FINDING SUCCESS, AND BUILDING A MORE WOMEN-FRIENDLY STARTUP COMMUNITY

Lynn Yanyo Chem E ’81 ISBM De Novo Ground Practical Elegance

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First Question – interested?

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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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Overwhelmed?