How to continue your StartUp after European Innovation Academy
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The document outlines key lessons for continuing a startup after an initial phase, emphasizing reflection on team and project viability, establishing infrastructure, and maintaining communication. It highlights the importance of flexibility, continuous prototyping, focus, and prioritization in adapting to challenges. Additionally, it suggests creating a supportive network of mentors and peers to foster growth and resilience.
How to continue your StartUp after European Innovation Academy
- 1. How to continue your StartUp after EIA 10 Key Lessons Christoph Trost christoph@learningplaces.net @christophtro Verena Maria Mai verena@learningplaces.net @maiverena Roger Kerse roger@learningplaces.net
- 2. First things first: No, we are not a couple.
- 5. LearningPlaces.net = TripAdvisor for Study Programs ✓ Launched LearningPlaces.net ✓ 10.000 users ✓ 1500 comments on study programs from 30 countries ✓ paying clients (universities)
- 6. ✓ INITS accelerator program (Vienna) ✓ pivoted to UNIspotterApp.com ✓ completed Demo-Day ✓ received first funding ticket UNIspotter = Tinder for Study Programs
- 9. 1) Take a week to reflect … do you want to continue in this team? … do you want to continue with this project?
- 10. 2) If yes: set up infrastructure Cloud. Communication Channels. Regular (Skype-) Meetings.
- 11. 3) Don’t forget the „Coffee Breaks“ When you work remotely it’s more difficult but also talk about personal things…
- 12. Picture from Roger -> Birthday Greetings … like digital birthday wishes to team members
- 13. … or bad hair days
- 14. 4) Communicate through the ups & downs. About the good things. Tell each other when they did something great. About doubts you have. Tell others if doubts about project/team/ yourself.
- 15. 5) Create an „extended team“ Reach out to other startups. Circle of mentors. Keep them in the loop. Christoph Richter Founder zoomsquare Felix Dibelka Founder neukurs.com Special Hack!
- 16. TEAM. PROJECT.
- 17. 1st lesson
- 22. 2nd lesson: Prototype & test continuously
- 23. New Features?
- 25. 3rd lesson: Stay Flexible in Your Head Gap = normally due to bad planning or bad execution. But a StartUp requires that you learn and adapt on the way. Sounds easy. It’s not.
- 26. 4th lesson: Focus If you feel overwhelmed (for longer time period) you probably haven’t narrowed it down enough.
- 27. Two Magic Questions: 1. How long will it take to implement? 2. How big is the value for the user? 5th lesson: Prioritize
- 28. You got a set of valuable tools, network of motivated people with diverse skills & you have been through (part of) the process.