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Start-up Weekend 7 things I’ve learned (slides with added notes) January 2012, Bergen Norway
5 1-3-1 I come from Cambridge, live in London & SF, done 5 start-ups, 1 exit 3 fails and 1 TBD, I love skiing, flying and film
1. Team – Your key job as CEO is: ,[object Object]
1. Team – Make sure your co-founder is complimentary to you, Huddle Co-Founders are a great example
1. Team – Follow your gut when hiring people and hire slow, fire quickly
1. Team – Delegate. If someone can do something 70% as well as you, delegate it – unless it is hiring or fund raising !
[object Object],[object Object],[object Object],[object Object]
2. Focus – Do one thing well!
2. Focus – playtxt did too much so it was hard to attract an initial market following.
Golden Rule: Do 1 thing really well first.
2. Focus – Also focus on one platform
2. Focus – Too many platforms early stage means resources are diluted, iteration is slowed
2. Focus – even big guys started off with focus ,[object Object]
2. Focus ,[object Object],[object Object],[object Object]
3. Practise – Have a one line pitch, like “Jaws in Space” for the Alien movie. Make sure its simple.
3. Practise – allegedly it takes 10,000 hours to become an expert, so practise does make perfect
4. Timing is everything – make sure your market is ready for your amazing new thing 2002 2003 2004 2008
4. Timing – beware of being in a bubble and suffering the curse of knowledge
4. Timing is everything Smart Phones
5. Fail fast ,[object Object],[object Object]
5. Fail fast ,[object Object],[object Object],[object Object]
5. Fail fast – Read this great book
6. Funding – it’s a marriage; get to know your potential investor – go great drunk with them BEFORE you sign the deal!
5. Funding – it always take double to build and three times the time to raise money.  @ £
7. Love what you do!
7. Love – can be a long road, I spoke to over 200 investors or Rummble
7. Love – Starbucks Founder spoke to 234 people before he got his first investment 234
“ Never under-estimate  the value of a good hangover” @andrewjscott
Feel free to contact me. @andrewjscott [email_address]

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7 Things I've Learned as a Tech Entreprenuer

  • 1. Start-up Weekend 7 things I’ve learned (slides with added notes) January 2012, Bergen Norway
  • 2. 5 1-3-1 I come from Cambridge, live in London & SF, done 5 start-ups, 1 exit 3 fails and 1 TBD, I love skiing, flying and film
  • 3.
  • 4. 1. Team – Make sure your co-founder is complimentary to you, Huddle Co-Founders are a great example
  • 5. 1. Team – Follow your gut when hiring people and hire slow, fire quickly
  • 6. 1. Team – Delegate. If someone can do something 70% as well as you, delegate it – unless it is hiring or fund raising !
  • 7.
  • 8. 2. Focus – Do one thing well!
  • 9. 2. Focus – playtxt did too much so it was hard to attract an initial market following.
  • 10. Golden Rule: Do 1 thing really well first.
  • 11. 2. Focus – Also focus on one platform
  • 12. 2. Focus – Too many platforms early stage means resources are diluted, iteration is slowed
  • 13.
  • 14.
  • 15. 3. Practise – Have a one line pitch, like “Jaws in Space” for the Alien movie. Make sure its simple.
  • 16. 3. Practise – allegedly it takes 10,000 hours to become an expert, so practise does make perfect
  • 17. 4. Timing is everything – make sure your market is ready for your amazing new thing 2002 2003 2004 2008
  • 18. 4. Timing – beware of being in a bubble and suffering the curse of knowledge
  • 19. 4. Timing is everything Smart Phones
  • 20.
  • 21.
  • 22. 5. Fail fast – Read this great book
  • 23. 6. Funding – it’s a marriage; get to know your potential investor – go great drunk with them BEFORE you sign the deal!
  • 24. 5. Funding – it always take double to build and three times the time to raise money. @ £
  • 25. 7. Love what you do!
  • 26. 7. Love – can be a long road, I spoke to over 200 investors or Rummble
  • 27. 7. Love – Starbucks Founder spoke to 234 people before he got his first investment 234
  • 28. “ Never under-estimate the value of a good hangover” @andrewjscott
  • 29. Feel free to contact me. @andrewjscott [email_address]