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Why start a  STARTUP WHEN YOU’RE  YOUNG Trung Huynh Twitter: @ethuynh
About me Trung Huynh RMIT Graduate 2009 – Bachelor of Commerce Founder and project manager of Gohundred Head of events and content at Launch
2 choices Get a job Get an MBA / Master Degree
3rd choice To start a startup
Why? Relative advantages of young founders: Stamina Poverty Partners (co-founders) Ignorance
Stamina Long hours of work Not as efficient as we'll     be later
Poverty You can live cheaply Less independent to outside funding Room to recover from mistakes
Partners Scarcest ingredient in startups: co-founders Popular question: “where can I find my co-founder?” Best place to meet them is school. Eg: Google, Yahoo, Youtube and Microsoft
Ignorance Believe in things you don’t know about A situation that forces you to take side and make progress When you know nothing, you have to reinvent stuff for yourself
Words of wisdom 	“All the best things that I did at Apple came from (a) not having money and (b) not having done it before, ever. Every single thing that we came out with that was really great, I'd never once done that thing in my life” – Steve Wozniak
So, What now?
Learn how startups work Books and classes are not good sources Learn by watching other startups in action Learn the key lessons and insights that startups share Learn by meeting people who has been there, done that
A place to learn and make network
Learn by starting your own startup when you’re young
Thank you

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Barcamp 2010: Why start a startup when you're young - Trung Huynh

  • 1. Why start a STARTUP WHEN YOU’RE YOUNG Trung Huynh Twitter: @ethuynh
  • 2. About me Trung Huynh RMIT Graduate 2009 – Bachelor of Commerce Founder and project manager of Gohundred Head of events and content at Launch
  • 3. 2 choices Get a job Get an MBA / Master Degree
  • 4. 3rd choice To start a startup
  • 5. Why? Relative advantages of young founders: Stamina Poverty Partners (co-founders) Ignorance
  • 6. Stamina Long hours of work Not as efficient as we'll be later
  • 7. Poverty You can live cheaply Less independent to outside funding Room to recover from mistakes
  • 8. Partners Scarcest ingredient in startups: co-founders Popular question: “where can I find my co-founder?” Best place to meet them is school. Eg: Google, Yahoo, Youtube and Microsoft
  • 9. Ignorance Believe in things you don’t know about A situation that forces you to take side and make progress When you know nothing, you have to reinvent stuff for yourself
  • 10. Words of wisdom “All the best things that I did at Apple came from (a) not having money and (b) not having done it before, ever. Every single thing that we came out with that was really great, I'd never once done that thing in my life” – Steve Wozniak
  • 12. Learn how startups work Books and classes are not good sources Learn by watching other startups in action Learn the key lessons and insights that startups share Learn by meeting people who has been there, done that
  • 13. A place to learn and make network
  • 14. Learn by starting your own startup when you’re young