3. Pick Your Partners
• Do you need a partner?
• Pros and cons of having a partner
• Look in partners
– Investment
– Complementary skills
– Similar but not same mindsets
– Commitment
4. Form a Company
• Do I need to form a company?
– Not really to pilot test / validation
• Options
– Unlimited liability
• Proprietorship
• Partnership ($)
– Limited Liability
• Private Limited ($$)
• Public Limited ($$$)
5. Divide in 2/3 layers
1. Owners / shareholders
2. Board of Directors (accountable to
shareholders)
3. Employees (salary and accountable to CEO)
6. Service or Product
• Service
– Quick revenue
– Flat margin
– No IP, not technical asset, little valuation
• Product
– Takes time to go green (break even)
– Margin increases at days go by
– A lot of activities other than technology
7. Some Service Options
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•
•
•
Web: php, RoR, Python, .NET
Mobile: Android, iOS, Windows
Enterprise: java, .NET
UI/UX
• Emerging areas: big data, no sql, RFID…
• Market Focus: Local | international | both?