My Talk to The Integrated Marketing Class at NYU (April 28, 2014)
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The document discusses the essentials of startups, emphasizing the importance of passion, team, and domain knowledge for success. It outlines challenges in fundraising and assembling teams, while also providing resources for aspiring entrepreneurs. Key figures like Drew Houston, Steve Jobs, and Jeff Bezos are quoted to inspire and highlight various philosophies in entrepreneurship.
My Talk to The Integrated Marketing Class at NYU (April 28, 2014)
- 1. Startups, Fundraising, & Entrepreneurship by Andrew Wong (@andyrwong) andrew@nyebn.com
- 2. Why Startups? • Lower cost • Sufficient seed financing • Inspirations (Facebook, Twitter, etc) • Support network (YCombinator, TechStars, NYEBN, etc)
- 3. – Drew Houston, Dropbox Co-Founder and CEO “Don’t worry about failure; you only have to be right once.”
- 4. Challenges • Fundraising • Assembling the right team • Marketing • Time management • Short-term vision
- 5. –Steve Jobs, Co-Founder, Chairman and CEO, Apple “Your work is going to fill a large part of your life, and the only way to be truly satisfied is to do what you believe is great work. And the only way to do great work is to love what you do.”
- 6. Fundraising • Small Business Loans/Debt • Friends, Family and Fools • Angels/VC’s • Crowdfunding (Kickstarter, Indiegogo, etc) * Optional reading material: How do you get your startup funded (www.andrewwong.me)
- 7. – Paul Graham, Founder of Y Combinator “You need three things to create a successful startup: to start with good people, to make something customers actually want, and to spend as little money as possible.”
- 8. Key Success Factors • Passion • Team • Domain Knowledge • Connections • Confidence
- 9. – Jeff Bezos, Amazon Founder and CEO “I knew that if I failed I wouldn’t regret that, but I knew the one thing I might regret is not trying.”
- 10. Resources • Local Meetups • Industry specific-blogs (Techmeme, etc) • Twitter • Books (Amazon, iBooks, etc) • Mentors/Accelerators/Conferences • Google/Company Websites
- 11. – Elon Musk, Tesla & SpaceX Founder “If something is important enough, even if the odds are against you, you should still do it.”
- 12. How Do You Define “Happiness”? • Change the world • Freedom to do what you want • Build a 1,000-person organization • Life security/Raise your family • High 6-figure income for Wall Street bankers
- 13. – Nick Denton, Founder of Gawker Media “(PLAYBOY: What's your relationship to money? What does it mean to you?) Mainly it gives me the joy of being free. It gives me the freedom I always wanted…..”
- 14. Thank You! Andrew Wong! Twitter: @andyrwong Email: andrew@nyebn.com www.andrewwong.me