Key MFP’07 TakeawaysKey MFP 07 TakeawaysSamvit P. Kanoria 28-Nov-07A Model of a Start-up Life CycleMotivationsMotivationsIttInvestmentCompetition3Ps: People, Product, Process CompetitionExitPeople Motivations“Entrepreneurship is an extreme sport”Tina Seelig“Entrepreneurship is the art of the possible”Jack Newman Amyris BiotechJack Newman, Amyris BiotechCompany Motivations“Customers don’t care about your product, butabout their own pain.”Donna Novitsky BigTentDonna Novitsky, BigTent“You need to be a painkiller, not a vitamin.”Jeremy Jaech VisioJeremy Jaech, VisioPeopleRecursion effect: a few great people attract more“Beware of the bozo effect!”Soujanya, CoolIris & Greg, Pinger“When it is obvious, let people go.”Martin Eberhard, Tesla MotorsProduct“Simplify, simplify, launch…don’t wait for a 100%Product.”Konstantin Guericke, Jaxtr“Flexibility in product development is key, and humility to change your way of operations, essential.”Ameet Ranadive, DanooProcess“Take time to develop your company, not justyour product.”Mitch Kapor, FoxMarks“Develop lightweight processes early on, theirimportance increases when markets stabaliseand inter-personal dependencies increase.”Aileen Lee, KP & Kevin Fine, GreenVoltsInvestors“Picking VC firms is naïve, individual partnersare much more relevant.”Konstantin Guericke, Jaxtr“Always ask for smart money that asks a lot ofquestions.”Mir Amir, InCube LabsCompetition“f hiki b ki h i b“If you are thinking about taking on the incumbentat least don’t announce that.”hkMitch Kapor, FoxMarks“Don’t spend time defending yourself from yourcompetition and justifying your product.”Scott Reynolds, BloomEnergyExit“Startups don’t fail because their ideas are replicable but because they have a problem intheir execution ”their execution.Steve Blank, Imvu“Kill your own ideas before someone kills it foryou…and, get rid of your emotional desire tocontinue retail control.”Mir Amir, InCube LabsThank you for an incredible 9 Thank you for an incredible 9 months…no come isit me in D bai!!!!now, come visit me in
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