The document discusses key aspects of life, innovation, and entrepreneurship in Silicon Valley. It highlights the region's culture of entrepreneurship, access to funding and infrastructure that supports invention. The document advises aspiring entrepreneurs to focus on building a team, finding product-market fit by getting customer feedback, and having a viable product before seeking funding, with the goal of changing the world.
A - players, experience
Past work history
Passion
set ownership straight
Employees - $, Equity
Big
Knowledge - example expansions
New/vs existing market
Changing behavior is really hard
- Product will change, doesnt matter if it is a product or service
- first to market is not true, the user experience is what matters
- learn from other ppl’s mistakes
- customers want fast, right, cheap and easy
Either you are the only genius or you are an idiot
Talk to as many people as possible
- This is your only goal at the beginning - LEARN
- minimal viable product, earlyvangelists
- scale at the right time
- repeatable sales model
- pricing - think about the business model - learn there too
VC structure - rounds
Equity - giving control away
Vesting, even founders!