5 questions to answer before launching your startup
1. 5 QUESTIONS YOU NEED TO!
ANSWER BEFORE !
LAUNCHING YOUR OWN
STARTUP !
OR!
THE STARTUP QUIZ
Chalmers
Innova.on
Spring
Camp/May
15.2012
2. David
Brudö/
david1
david.brudo@gmail.com
Ex
b-‐boy
who
turned
to
studying
law,
but
was
biIen
by
the
entrepreneurial
bug
and
never
looked
back
3. What’s
the
first
thing
you
think
about
when
you
wake
up
and
the
last
thing
you
think
about
before
you
fall
asleep?
Ques.on
#1
4.
1)
What
to
do
this
weekend
X)
How
your
family
is
doing
2)
Your
startup
5. You’ll
spend
more
.me
with
your
startup
than
with
anyone
else.
It’s
love
and
hate.
It’s
ups
and
downs.
Make
sure
it’s
something
you
really
like.
Learning
#1
7.
1)
The
USP
of
your
kick-‐ass
product
X)
The
team
2)
The
loads
of
cash
you
just
raised
8. I t ’ s
n o t
a b o u t
t h e
technology.
It’s
not
about
the
money.
It’s
about
finding
a
fearless
and
humble
killer
team
that’s
commi7ed.
Learning
#2
10.
1)
…wai.ng
in
the
toilet
line
when
you
really
need
to
go
X)
…hoping
that
the
person
before
you
in
the
toilet
line
would
really
hurry
up
2)
…and
shi]ng
your
pants
just
as
it
becomes
your
turn
11. Start
fund
raising
way
before
you
need
it.
Get
investor
feedback
and
adapt.
A
No
is
beIer
than
a
maybe.
Move
fast
and
establish
mul.ple
op:ons.
Learning
#3
13.
1)
Innovate
your
core,
copy
everything
else
X)
Just
run
fast
and
copy
everything
2)
Take
the
.me
to
define
your
innova.on
14. Find
out
fast
what
you’re
g o o d
a t ,
f o c u s
a n d
i n n o v a t e
o n
t h a t .
Outsource
or
copy
the
r e s t .
I t e r a t e
y o u r
innova.on
early
to
learn
what’s
your
core.
Learning
#4
16.
1)
When
you
have
a
business
plan
X)
When
you
have
something
to
show
2)
As
soon
as
you
have
an
idea
17. What
you
think
you
know
about
the
market
and
c u s t o m e r
a r e
o n l y
assump:ons.
Start
verify
and
test
from
day
one
if
you
are
on
the
right
track.
Learning
#5
18.
What
it’s
all
about
(Stolen
from
the
Internetz)